https://bitcointalk.org/index.php?topic=91653.0 shows that Pirate is holding at least 32353 BTC in a wallet controlled by him and that number is possibly much higher if things like other wallets and offline storage are counted in. If Pirate's business is legit, why in the hell is he holding 32k+ BTC over which he pays 7% weekly?! Shouldn't he be using those BTC for his mysterious business or at least force withdrawals if he can't use that much BTC right now?
|
|
|
|
|
Okay, let's just assume that the business Pirate is running is not a ponzi.
I hope we can all agree that nobody can prove it isn't a ponzi.
I also hope that we can all agree on the fact that it could possibly be a ponzi, because it has a lot of its properties.
So under the assumption that it _isn't_ a ponzi, isn't it still a very bad thing people are defending it? What's to stop people from defending a real ponzi once it comes along, if people are defending Pirate's operation with ponzi-like properties without any real evidence to debunk the ponzi claims? In my opinion this is far worse than Pirate's operation possibly being a ponzi. People are defending a possible Ponzi Scheme, without any evidence to prove that it isn't one!
Disclaimer: I have a trivial amount of BTC invested with Pirate, because I honestly don't know what to believe.
|
|
|
|
Dividends are late again?  |
|
|
|
It has occured to me that the new MiniRig SC would raise the mhash/share to new, tremendous levels. I almost feel ridiculous stating such vast numbers. But this IPO has always been about buying the best Butterfly Labs equipment and as such, we're now motioning on buying the new ASICs Mini-Rig.
For all people having a stake in this co-purchased operation, please vote now.
Why not go with the mini-rig now, and trade it in for an ASIC later? They allow people to trade in their old BFL purchases for 100% of the price you paid for it. |
|
|
|
Trust Account - Coming in July 2012
 Whoa! Definitely interested in that! |
|
|
|
First weekly payments sent.
Have a great week!
Received, thank you! |
|
|
|
|
Maximum of only 20BTC seems fishy if he's truly investing in wind-turbines and renewable energy. That's really low for those kind of businesses.
Pure speculation below:
It looks like he's trying to use those maximums to look legit, while it's actually making him look fishy.
/end pure speculation
|
|
|
|
Hi,
I've just started investigating Bitcoin, and am very excited about the overall concept. I've only read a small amount of the tech, but as I understand it, the Block Chain contains a history of all Bitcoin transactions, and this Block Chain is replicated and stored on every user's computer (is that correct??). And when I installed Bitcoin for the first time, it took many hours to download the Block Chain - which seems to corroborate with how I understand it...
The immediate question which comes to mind is: As Bitcoin grows and many people start using it then could this file not become so big that the whole system becomes totally unworkable? If a billion people are using Bitcoin as their primary trading currency, with multiple billion transactions happening every single day, and every node is constantly being updated with the new information from all of these transactions then it seems this could be a very real problem. Not just for Bitcoin but in terms of overall Internet bandwidth usage!
And pity the poor soul who has to download the Block Chain for the first time! It seems this will be an absolute limit on Bitcoin growth beyond the relatively small scale it is now... Or do I have it all wrong??
Another thing - if someone wanted to fuck with Bitcoin, especially once it becomes widely used, it seems all one would need to do is set up two accounts to automatically send one Bitcoin back and forth multiple times a second (perhaps hundreds or thousands of times a second) - if the software can be so set up, and if that transaction needs to update all one billion block chains at every node every time, then it seems to me it would all just grind to a dysfunctional halt.
I'm wanting to invest heavily in developing Bitcoin and perhaps even setting up an exchange in South Africa (average bandwidth about 1mbps), but if my concerns are real then it seems that Bitcoin might eventually become impractical to actually use once it gets to a certain size and level of adoption, and that in turn would cause the value of the currency to totally devalue. Seems potentially dangerous...
I would appreciate some solid and in depth responses to this.
Thanks for your help...
Multiple solutions have been discussed to address this problem. The first solution involves pruning old transactions from the blockchain, so that the blockchain only contains coins that haven't been spend yet. A second solution involves a meta-chain that only tracks coins that haven't been spend yet, which will coexist with the full chain. This way, most people and lightweight clients can rely mostly on the meta-chain together with a little part of the full chain, namely normal blocks that were created after the latest meta-chain block. People that prefer to keep the entire chain can also do so, so this solution will give people a choice what they personally want. This meta-chain, if implemented, will be merged-mined with a higher difficulty, so that a meta-chain block won't be created every 10 minutes but every X minutes (still to be decided.). For a discussion on this solution please check this thread: https://bitcointalk.org/index.php?topic=88208.0Also, there's a wiki article addressing some of the scaling complaints. The summary is basically that with pruning and some other compression techniques, together with Moore's Law (exponentially increasing computer power and storage), scaling won't be a problem, even with transaction volumes matching that of Visa (2000 transactions per second!). Here's the link to the wiki article: https://en.bitcoin.it/wiki/Scalability |
|
|
|
Forgot to ask, but does your personal "claim page" reflect any notation that your 50% has been paid back to you?
Nope, it does not. Suddenly I got an incoming 112,50 BTC transaction in my client. Haven't received an email about the 50% payment either. |
|
|
|
|
Where are the daily updates?
|
|
|
|
Hey,
I would like to deposit 10 BTC with 2% interest paid out weekly to: 1Ft79A84BQSsfb6MkfHUzP5cCc2aKXKSnj
Could you please send me a deposit address? Thanks!
PM sent with private deposit address. Hereby I confirmed the reception of your 10 bitcoins. Funds are on their way (bitcoin transaction: 3ceeb830190467592c9666a52727681118da7fe88d655754b5741fd336974606) BTC300 sent as agreed by PM ~ Suerte! Otoh  Thank you Otoh, I confirm the reception of your funds. Witnessed. Thanks ! |
|
|
|
|
Hey,
I would like to deposit 10 BTC with 2% interest paid out weekly to: 18rmRvTqryeYQ5U8L85aZ87yVmtSEYgAmj
Could you please send me a deposit address? Thanks!
|
|
|
|
|
Hey,
I would like to deposit 10 BTC with 2% interest paid out weekly to: 1Ft79A84BQSsfb6MkfHUzP5cCc2aKXKSnj
Could you please send me a deposit address? Thanks!
|
|
|
|
|
Hey there,
Can I deposit 10BTC for 8 weeks for 1,25% paid out weekly?
Thank you very much in advance!
Yours sincerely,
Mushoz
|
|
|
|
Are you exposed to Pirateat40's Bitcoin Savings and Trust? And if so, can you guarantee our deposits in case Pirateat40 defaults? What are the risks, if any, with investing with you? Thank you very much in advance! |
|
|
|
Hey, Can I get a deposit address? I would like to deposit 10BTC for 1,5% interest paid out weekly. Thank you very much in advance! |
|
|
|
Can I get a deposit address for a 10 week term, with a weekly 2,5% payout? I would like to deposit 11BTC. Thank you very much in advance! Edit: Oh, nevermind. I didn't notice the minimum is 100 BTC. My bad |
|
|
|
Are you guys getting responses to requests for updates via the several email address, or the latest one, posted here? I've emailed several times over the past several weeks (months?) and haven't gotten a single response. The only emails I've received from any bitcoinica related email address are automated, and have been requests to update my claims page.
I've gotten a response 5 times now, and they were all really fast. I used Genjix Riseup email-address: genjix@riseup.netHmm, I've used that one, the bitcoinica one, and the newest one over the past several weeks and haven't heard a thing back. What are you including in your requests? Have you been sending them your bitcoinica claim ID? I've been hesitant to put that in there, but since nobody is responding at all I don't have a clue what they expect from me. Amir? This is the mail I've sent him (Including his reply): -------------------------------------------------------------------------- Hello, Your status is marked as accurate. > > Dear Genjix, > > I'm sorry to bother you, but I was wondering if you could tell me the > verification status of my account? > Thank you very much in advance! > > Yours sincerely, > > Xxxxxxx Xxxxxxxxx AKA "Mushoz" > |
|
|
|
Are you guys getting responses to requests for updates via the several email address, or the latest one, posted here? I've emailed several times over the past several weeks (months?) and haven't gotten a single response. The only emails I've received from any bitcoinica related email address are automated, and have been requests to update my claims page.
I've gotten a response 5 times now, and they were all really fast. I used Genjix Riseup email-address: genjix@riseup.net |
|
|
|
|
Show Posts
