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81  Economy / Securities / Re: BS&T -- Are you staying or leaving? on: July 04, 2012, 11:15:38 PM
Oh, shit. GPUMAX??

Sorry, GPUMAX is not any part of BS&T's model.
82  Economy / Securities / Re: BS&T -- Are you staying or leaving? on: July 04, 2012, 11:14:09 PM
Why would I want to call bitpay for ya? You can not be serious.

And chances are that right now you call in with 135k$ deal and they will sell you BTC (if they think you could be trusted counter party) at the spot price. Moving mtgox by exactly 0%.

As simple as that.



Trading your tiny amounts of BTC has created a false perception of how you think this market works.  Just another reason why I don't enjoy swimming in this pool. Sad
83  Economy / Securities / Re: BS&T -- Are you staying or leaving? on: July 04, 2012, 11:09:35 PM
None of this explains how bitcoins are repurchased to pay back lenders without driving up the price anyway.

This is huge.

If you don't understand that part, I can't help you.  RUN AWAY!
84  Economy / Securities / Re: BS&T -- Are you staying or leaving? on: July 04, 2012, 10:37:11 PM
@Vandroiy

Let's say you have 135K USD right now.  I need you to buy Bitcoins without changing the Mt.Gox rate by 2%.  You have 3 days to do it, nah I'll give you 7 days.  GO!!!

Let me know how that works out for you.

I'll take this one.

Call bit-pay, private deal done in 10 minutes.

Next question?


Try it.  Call them up.  Ill buy them.
85  Economy / Securities / Re: BS&T -- Are you staying or leaving? on: July 04, 2012, 10:31:31 PM
@Vandroiy

Let's say you have 135K USD right now.  I need you to buy Bitcoins without changing the Mt.Gox rate by 2%.  You have 3 days to do it, nah I'll give you 7 days.  GO!!!

Let me know how that works out for you.
86  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 09:46:42 PM
This thread is locked until further notice.
87  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 07:07:50 PM
Update

To those that use this thread as it's intended.

I've been informed by Theymos of the following:

The starter of the topic may not change rules after posting their topic (not even by editing the topic post).

So instead of having to watch and reply to a new thread I'll be moving to a new channel on IRC.  Once I have the channel ready I'll add a post here and on the Alerts & Updates thread and lock this one.

Thanks,

-pirate
88  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 05:15:19 PM
Now if only I could a referral...
You won't need one soon!

The referral process ends with the new accounts in August?
I don't see that change anywhere  Huh

Same here.

I asked a while back if you need an invite with these new changes and never got any response ...

Can anyone deposit on the "starter" 100 BTC plan from 1 August ?

It's in the thread somewhere after the initial post on the changes but yes they'll be open to anyone.
89  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 05:10:29 PM

Done
90  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 04:54:09 PM
FUD

Please post your FUD on one of the other threads.  This thread is not for debating what I do.

Wow that's quite an emotional response?? Surely a legitimate business can handle clients discontinuing their participation and voicing their opinion why they made that decision, right?

Emotional?  I really think you have a strange view on what you read.  Like the first post after I unlocked the thread states.  There are many places to spread your inspiring information.  

I'll be reporting every post to the mods going forward that doesn't fit in the guidelines of this thread.  If it continues after my attempt to control this thread I'll lock the thread and move everything to IRC where I can.
 
91  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 04:47:49 PM
What exactly is this thread for then, with the new thread for announcements, etc?

Check out the second line on the OP.
92  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 04:42:19 PM
FUD

Please post your FUD on one of the other threads.  This thread is not for debating what I do.
93  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 03:42:40 PM
Pirate, do you have a Skype or other VoIP account? Why not hold a conference and assuage your inventors.

I have no need to hold a conference call to talk about anything that they don't already know.  What do you mean?
94  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 04, 2012, 03:05:17 PM
We're all filled up on crazy here!  Got FUD?  Check out these threads.

95  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: July 04, 2012, 02:57:16 PM
In your face, manipulator... only one wall left!  Suck it.
edit: 80% buy volume... is this the manipulator's first big defeat?

This sounds like your taunting him.
96  Economy / Speculation / Re: A Theory on what pirateat40 is doing on: July 04, 2012, 02:39:31 PM
If pirate ends up running not a Ponzi but instead does what he says: selling BTC at high premium, Bitcoin could be taken for a nice ride within next few years.

All Ponzi speculation aside, we know this theory has a merit and high probability it may be one. Are there any other plausible explanations to pirate's operation with such great returns?

At first I couldn't imagine who would want to buy bitcoins at high premium and why. do you know?! Besides drug cartels, money laundry and some three letter agency questionable special covert ops funding?

What if there are smart and wealthy individuals who realized great potential of Bitcoin and decided to get in. Their target may be significant amount of bitcoins without driving exchange rate through the roof and they are ready to invest several million dollars. Although they could have gone through exchanges and probably buy bitcoins even at $10-20/BTC wouldn't it make sense to setup bitcoin lending operation and purchase at 10-15% premium all sub $10 bitcoins - given that they don't want to spend significant amounts of time on exchanges to acquire bitcoins at slow steady pace. They want to sign a check each week and get their bitcoins. Here comes the pirate and ready to sell at 10-15% premium. Pirate alone or conspiring with these individuals to keep bitcoin rate as sane prices (sub $10/BTC for instance) throughout their acquisition period. Bitcoin prices at $4-7 seem fair and pretty stable. Sub $4-3 prices - and everyone wants in so the rate isn't stable; over $8 and there is a risk of another bitcoin hype and explosion which could potentially get out of their control.
Once these individuals hit their target and complete acquisition they will start telling about Bitcoin to all their other wealthy buddies or simply start a new hype, or they don't even have to do anything if they have managed to acquire all available sub $10 bitcoins and the price will naturally start to rise (through the roof) to mid double or maybe even up to triple digits.

$5-6/BTC + 10-15%   better than over $10 BTC when purchasing, is it not?

Could this possibly work while providing great interest rates to lenders at the same time manipulating exchanges with great psychological walls to keep bitcoin prices as low rates for time being? Or it doesn't make any sense? What do you guys think?

Oh boy!!!  Someone is stepping close to treasure.  ATTACK!!!!!
97  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 03, 2012, 10:43:49 PM
Email alerts suck!

Fixed, that for ya.
98  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 03, 2012, 10:33:52 PM
Riiiight ok, that's a valid reason.. Except there's one tiny little problem with your story: Your clients haven't had any loses yet even though the price rose which should have meant that you couldn't have possibly bought back all the bitcoins people "invested" with you that you initially, as you claim, converted to fiat. How is this possible? How are you able to meet your obligations even though the risk event for which you insured yourself against by using other people's bitcoins clearly happened?

Do you really think someone that manages as many coins as I do, doesn't have an influence on market movements?  What I do with the coins is my business and my lenders are well aware of the risks associated with entrusting someone with them.  If anyone has a reason to not trust me with their coins they're more than welcome to withdraw them.

I'm done discussing the same stuff over and over, if someone has something new to add fine but until then...  I be havin' t' get aft t' me ship.

So you basically have no answer why your clients HAVEN'T lost money "investing" with you after the recent significant exchange rate increase, which is the risk you hedge against by using their money instead of your own?

I really wish you knew what you were talking about. Sad

Ok really, I'm done.
99  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 03, 2012, 10:29:57 PM
Riiiight ok, that's a valid reason.. Except there's one tiny little problem with your story: Your clients haven't had any loses yet even though the price rose which should have meant that you couldn't have possibly bought back all the bitcoins people "invested" with you that you initially, as you claim, converted to fiat. How is this possible? How are you able to meet your obligations even though the risk event for which you insured yourself against by using other people's bitcoins clearly happened?

Do you really think someone that manages as many coins as I do, doesn't have an influence on market movements?  What I do with the coins is my business and my lenders are well aware of the risks associated with entrusting someone with them.  If anyone has a reason to not trust me with their coins they're more than welcome to withdraw them.

I'm done discussing the same stuff over and over, if someone has something new to add fine but until then...  I be havin' t' get aft t' me ship.
100  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 03, 2012, 09:53:29 PM

No, I need no details. I just want to know why you don't have enough BTC to continue without investors by now. Exponential growth is pretty neat, and I don't see why these peoples' BTC should be better than your own.

If there's one thing I found out by now, then it's that you joke a lot less than it seems. I trust you can fulfill the promise above, and you'll have a laugh at a lot of people when you do.

I can't remember how many times I've explained this, but for you I'll do it again.

Bitcoin is not fiat yet.  That doesn't mean it won't be at some point nor does it mean I don't believe in it.  There's simply no reason at this time for me to risk market movements with my converted fiat > bitcoin when there's hundreds of users that will let me make money with their coins.  I don't need them, I just prefer them.

My operation is funded by my lenders and I do hold a few personal coins myself.  
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