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701  Other / Off-topic / Re: Will the CGMINER developer get a loaner unit from BFL? on: July 08, 2012, 05:57:29 PM
Agreed, but BFL's software won't do SOLO mining.
Are you sure? Have you seen their software yet?

Unless they release a new version, their software is pretty limited.  Check it out on their website.
702  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 05:56:23 PM
703  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 04:48:14 PM
Review my posts.  I've already made a rather long explanation on how its possible but basically it was rejected because of Occam's razor.  Essentially, it was denied because there was an easier explanation.  People invoking that principle fail to realize what Occam was really going for but I didn't feel compelled to waste my time explaining it.

I have shortly looked at the first ten pages of your last posts and didnt find anything. Iirc there was something about "large players wanting to buy big amounts (of bitcoin)" once but i already discussed that in my first reply here. So please link me to the second or third method or show me why my refusal of the "large players wanting to buy big amounts" is wrong.

Nah, I'm done.  Its become clear that you're willing to waste an inordinate amount of your time to attempt to prove your opinion and lacking at it.  I have much better uses of my time.  I didn't claim to have written all of the reasons, people like PH and others have also given reasons and those were also ignored.
704  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 05:31:33 AM
I'd like to know how it's possible to get this much out. If the numbers posted earlier are correct (which I'm not saying they are), over half of all bitcoins ever will be eventually involved in this thing, which is most, if not all, of them in existence now.

Basically, exponential growth is always suspect, and being told "Don't worry about how I do it, just sit back and enjoy the cashflow" makes me wonder a little more.

There you go again.  As people keep reinvesting coins, the price will go up as pirate has to continually source coins to pay interest.  As price goes up, people will naturally be inclined to withdraw and sell.  At some point, there will be an equilibrium.  That or pirate won't make anymore money because the price of bitcoins is so darned high and he returns everyone's coins.

As to actually making 7% a week, there have been several ways mentioned in the past by different people and they were all ignored.  "That's not what pirate's doing, pirate said he was doing something else".  Well if 2 or 3 different ways earning 7% a week were revealed, surely there are more.  Its no longer an impossibility.  It isn't pirate's job to teach you ways to find high margin businesses.
705  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 04:45:01 AM
Perhaps he's opted for black box, because everything that does get released/discovered is analyzed to the Nth degree and even when there's a perfectly legit/legal reason, people seem to cling to the more nefarious.

Well, that backfired, didn't it?

Not really.  One way or the other, people would bitch.  He opted to not waste the effort.
706  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 04:36:44 AM
So you're saying you'd feel better if Pirate told you some story rather than tell you nothing at all?  "Lie to me, don't just say nothing"   Roll Eyes

Well, you put it that way, it sounds silly, but yes, essentially. At least go through the motions of making a believable mechanism that spits out the cash. Of course, that opens up the mechanism to being scrutinized, and it would take a clever Mechanical Turk indeed to fool everyone. Thus why a black box arouses more suspicion than one I can see into.

Perhaps he's opted for black box, because everything that does get released/discovered is analyzed to the Nth degree and even when there's a perfectly legit/legal reason, people seem to cling to the more nefarious.
707  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 04:05:31 AM
imsaguy wants 1.5%/day on his loans.

huh?
708  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 04:04:24 AM
Fair point. You never really know what someone is doing with your money, unless that someone is you. But Pirate's Big Black Box Of Money-making(r) doesn't even give you the courtesy of telling you anything. At least Enron's investors got the benefit of a nice show for their money. You guys get to look at a big black box. I'm not saying it is a ponzi, I'm not saying it isn't. What I am saying is that for my money, A box I can see into (even if that box might just have a pretty picture painted on the inside) is safer. You guys do what you want. I'm not touching it.

So you're saying you'd feel better if Pirate told you some story rather than tell you nothing at all?  "Lie to me, don't just say nothing"   Roll Eyes
709  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 02:51:41 AM
Here's what I got from this thread:

Schrodinger's cat is in the black box, and you don't know whether it's alive or dead until you open it.

Your BTC is in Pirate's black box, and you don't know whether it's a Ponzi or not until it finishes.

Smart pet owner does not put cat in black box. Neither does smart investor put money in black box.

You invest in a company, say Enron.  Do you really know what they are doing with your money? You're going on what their reports say and what the auditors say.  Come to find out, you're wrong.  Guess you shouldn't invest in stocks. 

You invest in gold, but you don't know if its going up or down.  Sure there's only a finite known supply, but you never know when people might start dumping or a new undiscovered vein is found.   Guess you shouldn't invest in precious metals.

710  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 02:06:53 AM
FUNBOYS

Close, but no cigar.  The term is "Fanboys".
711  Economy / Long-term offers / Re: imsaguy's Enormously Interesting Extended Investment Opportunity on: July 08, 2012, 02:04:45 AM
When I envisioned EIEIO originally in January, I set it for a 6 month build up with a 6 month continuance where I'd buy everyone out around December and keep doing my thing thereafter. 
 
When BFL announced their ASIC product, it screwed up my EIEIO timetable as it was a GPU based plan.  Now instead of December, I'm stuck at October.  I have invested in FPGAs, but as we well know, it seems several of the FPGA manufacturers have shipping issues.  As a result, if ASIC actually ships when BFL has announced it will, the FPGAs will leave me in the hole for that investment.
 
I have recently had someone approach me privately to invest a bunch of coins to diversify their holdings.  The individual offered a rate which beats the rates on my EIEIO.A by a pretty healthy margin.  Beginning August, I will be doing some forced buyouts.  I will be contacting you privately to discuss arrangements.  They'll most likely be along the lines of:
 
1) I will pay you according to the OP which states you'll get a bonus dividend plus I will bonus you an amount to reflect a higher dividend rate on your original investment.

2) You may roll your investment over to .B.
712  Other / Off-topic / Re: Will the CGMINER developer get a loaner unit from BFL? on: July 08, 2012, 12:52:04 AM
You ought to be hanged from a tree for making it sound as though you were the original writer of cgminer. Quit using such weasel language.
The original author of the codebase was Jeff Garzik. Con added GPU support. I added FPGA support. Con then took the FPGA support into his, and eventually forked from the main FPGA codebase. As of right now, CGMiner as it is, is a fork of BFGMiner. That is the truth.
[/quote]

Forking really is relative.  Selectively choosing which updates to pull while pushing your own doesn't make you a fork.
713  Other / Beginners & Help / Re: Found a bug in the forums on: July 08, 2012, 12:47:15 AM
I was looking through the preset avatars available to forum users today, and I noticed that Nicholas Cage was not in the Actors section. It would be much appreciated if somebody could fix this issue.

That isn't a bug, he really can't act.
714  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 08, 2012, 12:45:51 AM
@imsaguy: Could you show me my mistake, for example a normal and plausible explanation for the 7% weekly interest rate?

@psy: Curiosity. If he was really running a ponzi, it would be awkward to tell his identity. Escaping to another country is surely still possible, but involves a lot of trouble. It would make me have to think again why he would do that.

Review my posts.  I've already made a rather long explanation on how its possible but basically it was rejected because of Occam's razor.  Essentially, it was denied because there was an easier explanation.  People invoking that principle fail to realize what Occam was really going for but I didn't feel compelled to waste my time explaining it.
715  Economy / Trading Discussion / Re: 100% proof pirate runs a ponzi (thought experiment) on: July 07, 2012, 11:45:08 PM
Quote
Even if one had, with BTC he can just leave the country and never be seen again in case there are no securities for any of the money

Well at least SOMEONE gets it.

If you buy anything with BTC you can be screwed hard because it is not reversible.

Also, since BTC is not legally property but in the same legal region as WOW Gold, nobody can do a damn thing if 1 million of it is stolen by some Texan dood.


Here we are again, going in circles.  This just isn't true.
716  Economy / Long-term offers / Re: imsaguy's Enormously Interesting Extended Investment Opportunity on: July 07, 2012, 09:50:52 PM
Couple of withdrawals in the past few days and Otah's tomorrow.  Availability updated.

Edit: Availability gone!
717  Economy / Long-term offers / Re: imsaguy's Enormously Interesting Extended Investment Opportunity on: July 07, 2012, 09:50:21 PM
@imsa, PM'd you earlier today

Replied.
718  Other / Off-topic / Re: Butterfly Labs - Bitforce Single and Mini Rig Box on: July 07, 2012, 01:47:38 AM
@leofar,

The N word - really?

I understand your frustration but no need for that...

I'm pretty white and I've still not received my order either.
719  Other / Off-topic / Re: Diablo Mining Company will never buy Butterfly Labs hardware on: July 07, 2012, 01:45:07 AM
Originally it may have been that, but times change...

The point it they've been working on the asic for a year or more.

Where's the proof?
720  Economy / Securities / Re: BS&T -- Are you staying or leaving? on: July 07, 2012, 01:30:43 AM
As for the difference between gambling and investing, what is your subtle difference between these? 

In gambling the outcomes are random or near it. In investment you can see a company's earnings (to a point, although it's also possible to learn to recognize fraud), you can call them and ask them what they're doing to improve their business, you can see what tangible saleable assets they have (which may not relate to their main business), you can see how often they've paid dividends (if any) and if they've raised them or not. Etc etc.

Investing properly is like appraising a farm for sale. You already know more or less what productivity to expect out of the land, which you can verify by checking various soil features (assuming you know about farming) and determine whether the price you're being offered is low, fair, or too much. In other words, you get a big advantage by having specialist knowledge into the business you're investing in, whereas in gambling the only advantage you might glean is purely mathematical.

Investing is often gambling.  So often there are confounding variables that give an incomplete picture, even when using all due diligence in the world.  Invest in a farm and then two years down the road, subsidies change or whatever. 
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