Well, sorry for being rude to a scammer.

I really wish we could all be nice to each other, but some people just prefer the money.

It's a good question though, what are we gaining? Hopefully, the respect of people that we put our time and name and nerves on the line to get this place to work better. I don't expect everyone to like this before the scheme runs with the remaining funds. But hopefully, this will look otherwise afterward.

If not, yes, then I've been a total idiot for trying to help people just to get insults for it. Time will tell I guess.

You are Todd T****** from McKinney, Texas.

Holy shit how much just got bought?

Sounds like a riot. I'll bring the camera! Looking forward to hanging with all some of the "biggest names in Bitcoin". see you there.

For a sane player to take the bet against me, the anti-pirate bond must be 27 times larger than the pro-pirate bond. This is what I meant.

Give it up. You just can't build a logic instrument on bullshit assumptions. Anything involving BS&T and a time-frame of one year or above inserts the fact that believers can multiply their money with a factor of roughly 33 instead of playing. Of course we can't beat that!

Evidently my ponzi fails because all I am is a passthrough and my reduced rate prevents me from paying 3% a week.  or something...

Well, unlike Pirateat40 about me I am not saying he is stupid. I said he's an incompetent trader, but that's a different thing. I've pretty much shown it, and it's a really useful part of the argument in this case.

Pirateat40 is pretty good at what he does, and certainly not stupid. Look how he acts like he doesn't care at all, and tries to put on a facade of me having said nothing of meaning.

Leaving money with him after reading this thread, though... and all the others that point out massive problems... yeah. Sorry, that's just stupid. I could just not care, but I'm in too deep now. My reputation is unusable until this ends because I'm accused of massive slander.

Obviously, you're just a passthrough. You don't generate returns, so yes its ponzi. Good luck with that after the 27th!

Stop promoting HYIP scams on the bicoin forums. Go back to LR HYIP forums, or do it on bitcoinhyipforum dot com.

If they do it here, I will exercise my equivalent right (granted by the mods) to "bother" such promoters.

Um, I think this is the problem.

fixed the quotes for ya. np.

How mysterious. Still only cheap rhetoric, though.

let's be objective.

- plenty of evidence of taking "deposits"
- plenty of evidence of paying "dividends"
- no evidence whatsoever of any economic activity and no any viable hypothetical biz models even.
- ALL the signs of a ponzi scheme in abundance.

In any case, we will know everything soon, right, was it 27th of July?
It could fold quicker, though, some unexpected newsflow and change of market conditions could force the matter before that perhaps.

The tide will go out eventually.

Not a shred of hard evidence, just some cheap rhetoric, unfortunately. I've been absent in the market since day two, so what?

You are insane. Did you not know I trade in my free time, for years, effectively, Bitcoin since the moment I registered?

Dude, you are so clueless what you are talking about, the Bitcoinica flash crash sheep would have beaten you. There's no way in hell you can keep your profit safe moving it anywhere, or have done much of that in the first place, apart from maybe blindly selling other peoples' money.

The whole calculation is crap from the start. I couldn't use it as an attack vector because you yourself never directly admitted to the theory, only made "lol close" troll posts.

But this one? Post as much as you want, I'll not shut up on it until more traders come up. How can you possibly talk your way out? One can say a lot of stupid things about me, but trying to tell me I don't understand trading is the worst card you can ever play.

Good luck talking yourself out of this one. To me, this is not another 99.9% hint. This is proof. Fuck it, not once in a thousand would I talk this bullshit, and you basically claim to be A LOT better than me.

Pirate, you're never going to win with these people.  They've totally convinced themselves and nothing is going to change that.  My advice is to just stop posting in these threads and eventually they'll get bored and wander off when something more colourful catches their eye.

You're just fueling them by replying.   Just go do what you do and ignore these forums for a bit, they've gone to shit.

Pirateat40 has made a post that implies he works on currency trading.

His post demonstrates he is completely clueless about currency trading.

One: You can do that easily in the active order book.
Two: Any trader doing BTCUSD knows the order book only shows a fraction of short-time volume.
Three: The 2% limit cannot yield 7% for his customers.

This is it. This is not just faint evidence. This is an absolutely enormous undeniable fuckup. Pirateat40 implies to be currency trading, but there is no way in hell a currency trader would make that post.

I'm doing a writeup. Game over, don't even try. Yes, I do currency trading, and you should see the other traders' faces when they read this.

Buying $135k of coins right now in one trade would only increase the exchange rate by +3%, from $6.54 to $6.76: http://bitcoincharts.com/markets/mtgoxUSD_depth.html Therefore, it is easily doable in 7 days while keeping it way below 3%. But, even if you did that one trade costing you 3%, wouldn't it be more cost effective than borrowing coins from your "investors" at an insane 7%/week interest?

You just let me prove so easily that what you are doing makes zero business sense.

Please, Todd T******, I implore you to stop your Ponzi scheme. You will make tons of people very angry when you default, putting yourself and your family under stress and danger. You will also devastate people who were irresponsible enough to invest their life savings into it. You will create another round of bad publicity for Bitcoin. I understand financial success, greed, etc makes it hard to stop, but you have to stop. Now.

LOL

That was priceless. Uhm, using average, yup. Pirateat, this is trivial.

Guys. This was a major screwup. A MAJOR SCREWEUP. He's fucked. Game over. There is ABSOLUTELY NO WAY PIRATEAT CAN EXPLAIN THIS FUCKUP!

Spread this post, we won!

A trader doing business at this profit would never ever make such a large mistake in guessing trade volumes. He's off by FAR. Actual volumes ALWAYS and MASSIVELY overdo the order book volume.

I've answered your question, Pirate.

Now you answer mine please.

Is there any hard evidence of any value producing economic activity of your operation except taking deposits, paying "dividends" and converting BTC into USD?

i.e. marketing, PR and damage control do not count.


I think it is a simple and fair question that any legitimate business, even anonymous one, should be able to answer quickly and easily.

$135k right now all at once moves the price to $6.75, which is only 3%. A far cry from a compounding 7% every 7 days. See you at defcon! lol