Someday maybe.  PPC is too new.  It could go up from here but still go nowhere (or it could go to the moon).

I have no intent to drive the price lower.  That is a common fallacy.  When someone buys (long) LTC (or BTC or Gold) does it mean they are trying to drive the price up.  It is simply taking a position.  If you are long and the asset appreciates (and would have appreciated even if you weren't long) then you profit and if it declines you take a loss.  When short the reverse is true.  I believe that regardless of if I personally short LTC or not the price will decline over the next 90 days.  If it does (and I get this loan) then I win.  If it doesn't then I lose.

Nothing more complicated then that.

Well that shows a lack of faith in the fundamentals.  Shorting is common in any financial environment.  It isn't my intend to drive the price down.  I just believe the price will fall.  If it doesn't the lender benefits from both price appreciation and interest.  If it does the interest reduces the loss from the price decline.

Anyways the offer is an open one.  If anyone is a long term holder who actually has conviction in their holding (and not just looking for a quick pump and dump) drop me a PM.

Short version: Pirate stole $5M from complete idiots.  

Long version: I mean community handed a guy named Pirate $5M in irreversible currency in what was from day 0 the most poorly hidden ponzi scheme ever.   That kind of theft is going to have consequences.  Every two-bit hustler dreams about raking in the big money from complete morons who keep throwing more and more cash at the scam.

I am sure there are threads in every forum related to HYIP, cracking, identity theft, and scamming about how bitcointalk is a target rich environment for separating idiots from their funds.   The fact that NOTHING has happened to Pirate just reinforces ... hey it is 0% risk.  Even if you get busted just walk away and count your money (er coins).  I mean in the criminal world there aren't many seven figures, no risk, no work "opportunities". With everything to gain and absolutely nothing to lose if anything I would expect the scammer level to increase substantially.

That is the worst part.  The EFF has some reputation so not only are they not accepting it but their unsubstantiated claims have a chilling effect on other entities.   Had it been anyone else or if they just said "we don't accept Bitcoin at this time" it would have been less harmful to adoption.  

The EFF accepting then dropping Bitcoin and making vague "scary" claims about legality is essentially a worst case scenario.  I mean even Bitcoin hostile entities like FinCEN and ECB haven't made any sort of claim that accepting Bitcoins breaks any law or would result in any liability.

To refresh everyone's memory the EFF article on Bitcoin
https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin

(last updated June 11, 2011).  So almost a year an a half later I wonder if the EFF can make some updated statements.

In light of the wordpress news is it time for EFF to drop their nonsensical no Bitcoin policy?  I wrote them an email this morning.  I have donated heavily in the past but I can't in good faith support them if they don't support Bitcoin.   Unlike another charity (foodbank, or red cross) the concept of free access to volentary currency system fits right into area of focus.   Bitcoin and the right for people to have free access to it, likely will be THE "electronic frontier" issue of the next decade.

If the EFF can't be the advocate well they likely need to go away so someone else can.

Silly it is much simpler.

You send him BTC, he sends you carded and hacked MoneyPak codes. 

When you use them and GreenDot catches you they shutdown your accounts, file a Police report, and sue you personally in civil court.  Remember there is no possible account you can fund with a GreenDot MoneyPak that doesn't have ALL your personal information (verified per KYC).  i.e. name, address, phone number, SSN #, etc.

0-confirmation should be pretty much instantaneous especially for a well connected merchant node.  sub 1 second maybe 5 seconds in an extreme case.  pretty much just as fast as a credit card.

I don't know of any stats of double spends because they are pretty much non-existent.  That doesn't mean they won't become more common as the network grows but it is pretty difficult to pull off a non-Finney double spend and if the merchant is well connected to major pools and super-nodes it may be pretty much impossible to win a race with any reasonable chance of success. 

One unique thing about double spends is that failed attempts involve the attackers own money (unlike say a stolen CC number where attacker never puts his own funds at risk).  I know personally that is someone tries to double spend me and fails I am keeping their funds.  If they want it back well they can go before a judge.

No loan is in LTC, only in LTC.  Interest is in LTC, repayment in LTC. 

I feel I have pretty good rep but if someone wants to I am willing to post COLLATERAL IN BTC worth 50% of loaned amount in escrow with a reputable third party.  i.e. I turn into a scammer dirtbag they collect the BTC collateral. 

On a serious note.   This is Bitcoin.  I mean it is a classic example of why Bitcoin needs to exist and an illustration of the power of Bitcoin.  Bitcoin; the post-nationstate currency.

and nice SCORE for the good folks at BitPay!

Willing to escrow 50% of face value in BTC with trusted third party to provide a partial guarantee.
Loan is interest only with simple interest paid monthly.  Loan can be repaid at anytime.   Lender can call note after 90 days with 30 days notice.

0.25 / ∞ = ? (0 right, always got that one confused)

Ideas are a dime a dozen; execution is what matters.  I agree with you that we seem to be hitting a plateau I would just point out that things like well built gaming sites is what got us TO this plateau.  Going higher will require more and more and more innovation.

Of course it pushes forward.  It is a service; entertainment.  It is a form of entertainment which can be paid in Bitcoins.  Just because it is a service you don't see value in it, the global transaction volume for "gaming" indicates there is a demand.  More places to spend bitcoins can only be bullish.

Your right, spamming your scamming garbage everywhere is rude.  So how about you stop?

Logic isn't his strong suit.   Dammit I don't want to pay 5% I would rather have to convince strangers this isn't a scam and pay 10%!

To the OP,  your about 6 months late for your low skill scams.  Still I will give you 1 BTC* for links to the forums/threads where you learned this forum is full of a bunch of suckers/marks (likely as a result of the Pirate idiocy).   *If you GTFO after providing the links.

It sends the same coins (plus winnings) back to the recipient in one tx.  If you double spend your bet, you double spend your winnings too.  Technically one could selectively only double spend only the losing bets.  As I pointed out it is much much much harder than most people think to pull off a double spend against a properly hardened merchant.  Against an uninformed merchant the chance is higher but I doubt SD has a non-optimal network configuration.  

The biggest threat against SD would be a Finney Attack but if it became a problem there is a small change they could make which would make that attack very difficult and risky for the attacker.  I am sure that the SD developers are already aware of it.

A D&T PSA:
Before I leave this thread let me make it clear; one shouldn't casually dismiss the risk of a double spend.   That wasn't my intent, rather each merchant should realize there is no one size fits all.  A merchant doing millions a week in irreversible transactions is completely different than a brick and mortar shop which is different than a hypothetical Bitcoin vending machine selling candybars for bitcents.   Still as a rule of thumb double spends are hard and low value tx are unlikely to be worth the effort.  It probably is wise for new merchants to err on the side of caution but the "everyone needs 6 confirms" or they will be robbed overnight is just nonsense.   It would be like saying all merchants need to wait 180 days before delivering goods paid by credit card.  Sure that would be safe but it is overkill.   Could you imagine how unpopular Steam would be if you could pay for a game today and it would unlock in six months?

Does he accept credit cards?  Does he wait 180 days before delivering goods?


Agreed.  One option is a green address.  Escrow is another option.  

A third option is to get miners to bond transactions and thus allow the merchant to "stack the deck" if you will.   A major pool(s) could post a bond (as in surety bond) and offer a contract to merchants guaranteeing their tx will not be replaced in any block the pool solves.  Merchants can check if a tx is in the pool's memory pool and once the pool confirm it is, the pool guarantees that if they solve a block it will contain that tx.  If the pool fails to live up to the guarantee it reimburses the merchant for its failure (hence the reason for posting a surety bond).    Now a merchant might not be able to get a guarantee by 100% of hashing power but even a sizable fraction makes the low risk of a double spend even lower.  In time you may even seen processing companies wrap all this up and simply insure the transaction (collecting  profit between actual risk and the premium charged).

True however the same can be done with credit cards and a chargeback is trivially easy compared to a double spend.  Still I was thinking more along the lines of allowing a small amount of the funds available so the player can play the first couple hands while funds clear.  Nobody does this but eventually I could see it as a competitive advantage.

i.e. you deposit 100 BTC and the site grants you 5 BTC on 0-confirm and the rest once the funds confirm.  You can start playing right away in SECONDS.   The marketing aspect is IMHO worth the marginal risk.  "Instant Play Poker Room.  Pull up a chair and get dealt in within seconds!".    

Of course this assumes the merchant is well aware of double spend (and Finney Attack) risks.  Sets up network connections to minimize the risk and actively checks for fraud.  No one can't simply be "stupid" and hope for the best.