WTF ? Did they state that on the forum ?

I seriously can't keep up with all the info tidbits on a daily basis around here.
This 'Pirate thing' is going to deal a serious blow to the community in the end....as I fear it's far from over, as more and more stones keep getting overturned daily, revealing new 'truths' to previous speculation.

This makes me sick.

No. Technically he could lose the bet and not pay anything for a hundred years 

ridiculous restrictions are forcing newbies to post spam messages like this one. An alternative is needed..

I've only been around bitcoin land since july. The drama is just too funny, and never ending. 

it's a message to bitcointalk.org
shoutout to bitlane
this is the real deal gentlemen
he can feel all warm and fuzzy inside knowing his coins are helping bzflag

Thanks for the input guys - I'm scared of keeping my wallet online because of what I've read.

I'm going to try out Electrum... I dislike Java.

I thought the deal with pirate was something like this.

Give me btc at 7% a week interest with no insurance or guarantee on your deposit. I won't tell you specifically what it's used for and if i default you lost your btc. Deal? Ok thanks.

Am i missing something? I don't see what all the uproar is about.

I wonder how the answer changes, if pirate turns out to be a zeek rewards passthrou as suspected.

Then why ban people?  Give them xx days suspended and then forget about it.

For the record, I voted: "Shut the fuck up about Matt, you're just feeding his ego"

Its not the first time hes had a scammer label. he even got promoted to staff after having it. I expect pirateat40 to be global moderator here soon.

Hummmm, is this kind of format trickery in place in the original wording of the bet, wherever that is now?

Don't think pirate will payout as promised?
If you truly believe that Pirate is a scam/ponzi, then this is a no-brainer easy money for you.

Post in this thread how much you're committing and I will double that amount you commit (maximum of 10,000BTC in bets allowed in this thread total) if Pirate does not pay out in 3 weeks as he described in his thread.

To make your bets easier to read, please stick to the following format:

The above post would be betting 20BTC that he in fact is not going to payout as described. If I lose the bet, you get 20BTC sent to that address. If you lose, you'll need to send 20BTC to my address.

Anyone (including myself) who renigs on their bets will be labeled a scammer on the forums. Theymos will retain the IP addresses of everyone who has committed here and as you are marked a scammer for not paying, you will also be reported to the bitcoin police and tracked. For this reason, it is important that you do not bet more than you can afford to lose. Considering the high probability of fraud from newbie sockpuppets, only established 100+ post users will be allowed to participate.

The minimum commitment is 0.1BTC. The maximum is 100BTC per person.

Disclaimer: Although I think pirate is a high risk venture due to a complete lack of transparency on his part, I am sorely reminded that the forum needs to be taught a lesson when it comes to crying wolf on things without evidence. It's getting sickening. "SCAM! SCAM! SCAM!". So put your money where your mouth and bet for a better bitcoin forum/community overall.


For the record, the address to remit your funds to if you indeed lose is 13dSK4663Ts7j2PwHS1eUVjycKLBwx7PJM

Thank you and good luck!

I reserve the right to lock this thread and stop accepting additional bets at any time. All existing bets in the thread will still be honored regardless.

After much consideration, I’ve decided to close down Bitcoin Savings & Trust.  

Why?
The decision was based on the general size and overall time required to manage the transactions.  As the fund grew there were larger and larger coin movements which put strain on my reserve accounts and ultimately caused delays on withdraws and the inability to fund orders within my system.  On the 14th I made a final attempt to relieve pressure off the system by reducing the rates I offered for deposits.  In a perfect world this would allow me to hold more coins in reserve outside the system, but instead it only exponentially increased the amount of withdrawals overnight causing mass panic from many of my lenders.

So now what?
I’ve spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week.  Currently my reserve (operating wallets) are drained from fulfilling the withdraw spree that happened after the rate drop announcement.  All withdraws at this point will be delayed until Monday when the shutdown process begins..  

At this point I will no longer accept deposits.  Any coins sent into the system as of now will be returned immediately.

When will I get my coins?
Starting Monday I’ll begin systematically closing and withdrawing accounts as coins are transferred.  I don't expect the entire process to last longer than a week. The moment your account is closed you’ll receive your coins plus any interest accrued up to the hour it was sent.

Thanks
I’d like to thank all of my lenders and PPT operators that were a key element in making Bitcoin Savings & Trust a success.  Bitcoin has grown a lot since I started this and want you to know that you were a vital part in helping it grow.

Now, I have a lot of work to do. Stay Tuned

-pirate

BTW, this is all bitlane’s fault.  (j/k you nut)

I have noticed that a lot of people from India are trying to get closer relations.

Does Pirate already started to pay back everyone?

https://bitcointalk.org/index.php?topic=101339.0

Is this guy banned? I hope so

Not sure how much more clear it can be. There's also a sticky thread.