+1 You have more patience than I do

I can't make any argument for that, pyramining has been active and helpful, including my own questions. Proof again is that I'm replying to him even.

The clutter just annoys me to be honest. When this thread pops up in my watchlist I have to wonder if pyramining posted something important ("<Important thing>, your immediate action required" Though I've got no idea what of the sort would qualify) or if it's just three more pages of five links from the same 5 people all wanting to be last to post (and one guy with the secret success method you have to be a referral for, and one guy who's figured out he can double his odds by posting ten links from two accounts). There's a place for that, I'm just not sure that here is still the best place for it.

Hearing this from you Nefario amuses me to no end, you're normally extremely well-spoken.

and @piotr_n, seriously man? What the hell? You can't be reasoned with, you won't see fact. You thought something looked shady (and I agree it did) it was explained but you're still stuck on it. Who you agreed before he disagreed with you would be able to settle things.

But it didn't go your way and now you're bitching in every avenue you can find about how everyone who has disagreed with you is wrong and obviously all lying to screw everyone else.

So might I extend a polite "Fuck off and don't come back" to you?

@Pyramining, might it be a good idea to encourage people sharing links to attempt to do so in another thread? It seems like this one is becoming a mess of "Last one to post is the winner" and real comments and questions about pyramining.com have fallen into the minority of new posts. I know there's at least one other thread made for such purposes (which is constantly bumped with new links) and I'm sure others either do exist or could exist, perhaps link to some of the other threads in the OP if people have any trouble finding links.

Be careful, as these numbers, and their average, will change as more money is put in and as money is reinvested. Using all of account one's payouts would eventually deplete the total investment (as it's shown on your website you previously linked to).

I would figure you'd want to maintain a constant total investment across all accounts and payout anything above that to keep the shares from either inflating (if the total in the fund increases with time, each share will derive dividends from more than the par value invested in pyramining) or deflating (if you don't keep enough invested with pyramining).

Also, your stated average bonus means fairly little since the current investment into each account does not match what you intend to put in there once you have more investments.

Investors should also be aware that this essentially comes out to a mining share (pyramining is a mining company that takes deposits and pays them back with interest). While pyramining intends to move to ASICs, they are working on developing their own so may be behind other ASIC producers.

Goat and Nefario have spoken about this in the tygrr.bond-p thread and bond issuers (Goat in that case, Brendio in this case) do not have access to the full list of who owns what and Nefario is neither legally permitted (under UK law, where he's based) or willing to disclose this information. Legally speaking the thoughts (again from Goat's thread) are that the bond issuer on GLBSE is the only person who has contract with Pirate, and the only one who's information needs to be shared (and pirate of course already has all the information he should need).

As for the current state of things, so far as I can tell anyone can continue trading pirate's debt on the open market. I believe Pirate has every intention of returning something, the exact amount at this point is pure speculation (See above quote "<Pirateat40>Principal and interest payments are subject to review").

As for what Pirate returns (and if of course, there's a lot of uncertainty) I would expect Brendio to pay back what he receives from pirate (interest and possibly principle (since they'll probably be mixed somewhat) subject to his existing cut (as always per contract). For exact details you'll have to wait for him to chime in. What an unfortunate time to be busy But such is life

Shit is currently hitting the fan right now, more info in Goat's thread (https://bitcointalk.org/index.php?topic=82573.0) but pirate has defaulted and is heading into some proceedings or another.

@Brendio in particular, he's requested a list of sub-accounts, including a list of everyone who owns shares effectively, in 48 hours. Goat's lawyer has however advised him that he is the only person who should be submitted as a creditor (simplifying the bond issue in particular).

Quote heavily cut down from original
This bit is interesting to me, but as has been said, smoke and mirrors abound.

So from what I can tell, you plan to continually reinvest, taking out 10% of each payment (or more) to pay out to investors? That makes a lot more sense then

-and-
and I currently see 28864 shares trading according to the API

While you're by no means required to operate the accounts separately your comments and previous explanations look shady and mean that each time it goes up you have to explain why it wasn't at it's maximum earlier. Assuming the full 40,000 shares issued on GLBSE are accounted for with deposits with Pirate (No way to verify this information, so I can only take your word at face value) that's the number for piotr_n to watch for an increase.

For what it's worth, the spikes in price do look like someone could be making a killing buying and selling these if they bought and sold at the right times.

For my two cents:
As for Nefario, my experience is that he's always been a great pick to run GLBSE, has always been upfront and honest, and on and on. He attempted to verify Goat's statements (and Goat's previous statements and Nefario's statements corroborate 28245 trading shares without any further explanation). However piotr_n, you've given him nothing but grief for his efforts to quell the shitstorm (For his part, the number increasing again and new explanation don't help Goat's case either).

From what I can see Goat was not transparent and piotr_n has called him on this, Goat doesn't owe anyone transparency and since there's no way to verify his total investment with pirate, any interested parties can either believe him or not. Further, since there's an obvious economic reason (profit!!) to trading shares of pirate's debt, and nothing to prevent him from doing so with the information he's provided, I see no reason Goat can't continue making a profit even if it looks a little funny.

Hopefully my post looks fairly objective, if you disagree, please let me know in a reply and I'll elaborate.

http://pyramining.com/referral/7p8sey4b9   2012-08-13 15:13:30 UTC   still active
http://pyramining.com/referral/tyr9kacns   2012-08-13 15:13:30 UTC   still active
http://pyramining.com/referral/t2cqfg3ka   2012-06-10 19:14:53 UTC   still active
http://pyramining.com/referral/dzfngc2b4   2012-06-10 19:14:52 UTC   still active
http://pyramining.com/referral/ybt3xs6q7   2012-06-10 19:14:52 UTC   still active

For the "secret" to maximizing your returns on pyramining please see my longer post at
https://bitcointalk.org/index.php?topic=80845.msg1138957#msg1138957

I cannot speak for Serenata's calculator, but the best strategy I've found is to invest exponentially. Put 1 coin in your first account, put 10 coins in your second account, and put 100 in your third level account (So that the 1 btc account gets the 10 btc account as a referral and the 10 gets the 100 as a referral). I expect no one else would want to share this because it means a smaller referral bonus for them

Math notes:
Returns can approach 20% (instead of the original 10%) by investing this way, however using ten times as many coins at each level is less effective than 100 times (even for the same amount of total coins). So investing 100 coins it would be better to do 1 & 99 than 10 & 90


And obligitory links for any takers:
http://pyramining.com/referral/7p8sey4b9   2012-08-13 15:13:30 UTC   still active
http://pyramining.com/referral/tyr9kacns   2012-08-13 15:13:30 UTC   still active
http://pyramining.com/referral/t2cqfg3ka   2012-06-10 19:14:53 UTC   still active
http://pyramining.com/referral/dzfngc2b4   2012-06-10 19:14:52 UTC   still active
http://pyramining.com/referral/ybt3xs6q7   2012-06-10 19:14:52 UTC   still active

What are the terms on repayment in general? Is it just whatever the fund makes, not greater than or equal to a set percentage?

Especially with "Thereafter ... at least 1 BTC per share" How long after the fund's creation will you be selling additional shares?

Will share value eventually be worth zero? (As investments in pyramining are paid out in dividends the value of the investment would logically progress to zero without reinvestment as the contract seems to indicate).

I'm sure anything you want to do with these would be a great use once all the pirate stuff finishes out. I'm sure there's certainly people willing to throw money at Patrick for just about anything he wanted to do. Not to mention you already have almost $500USD sunk into security names alone (Although I assume Patrick wasn't paying all of that out himself). Any interests in running anything specific Patrick?

I feel that SD easily proves you can know exactly what the risks in playing are, and that's certainly (rather popular) gambling.

Given the figures of 65BTC/day, 10% across all shares, and so on, I got about 0.5%/month return. With your figures I got about 0.8%/mo. I understand that under most business plans 7%/wk is a clear scam, but this seems like the other side of crazy.

It may be possible to analyze based on how much fee they're giving away. If a miner accepts a 0.001 BTC tainted fee then it's taint might negligibly increase. If a miner accepts a 3 BTC tx fee with no outputs, then the coin is probably being melted.

Losses from orphaned blocks might just be part of the cost of business for this type of transaction. I could also see it as an incentive to melt slowly as well.

My understanding, and as far as I can tell Goat had about the same information, is that when pirate reduced rates there was a huge run on withdrawals (fearing total loss of coins, ponzi, whatever) that put a strain on his free coin. He has since decided just to close down completely, possibly to re-open later. I think he mentioned revealing some very basic information about his operation. On another note, the price of bitcoin has also dropped under $8. For anyone betting long on BTC or Pirate, now's the time to make some great returns.

Looks like there was a ~34 minute period without a block, then two found in rapid succession by eclipse. Just the way luck fell, many sites use 3-6 confirmations.

I'm having the several issues that were reported already: not saving credentials, resetting when the screen is rotated.

Also, on the free version the ad covers up part of the console, and when held sideways, I can't even see any of the console.

Is there any real reason for requiring android 2.3? I've got an old phone that I wanted to test but the stock kernel is stuck on 2.1