as for obvious ponzi in 2012 there was no such thing since

pirate could have had 100000 or more cheap coins from 09 and 10.

so by creating the bank to boost price of his stack of coins it was possible it was not a ponzi.

back in 2012 many may have thought pirate was running his club to publicize bitcoin and drive the price up.

there were very little coins to mine or use in 2012.

so to say it was an obvious ponzi is pretty much wrong.

to say it may have been a ponzi is more accurate.

do i think og gets a pass on this yes

Well, common sense has to play a role as well.  Is there anyone who thought Patrick Harnett & Pirate were doing honest dealings?  I certainly hope not.  Pirate came out and said not to trust him several times as well as hinting that he was engaging in illegal activity.

that seems more interesting than this thread.

I was referring to this.

A stupid move in a place where your word is your only value.. I don't buy it or accept it personally..

More importantly, many members of this forum and shareholders of this company know my identity and home address.

More importantly, many members of this forum and seatowners of this organization know my identity and home address.

OG twists the shit out of things at times too, sometimes Trumping others into corners over their words like a genius, sometimes just embarrassing himself over the whole pedo link bullshit..

Otherwise, I very much trust OG..

Click..
Insane..

Bold: Bold lies, otherwise known as bold-faced or barefaced lies, are obvious to people who hear the lies. These types of lies are so egregious that they’re seen in children more often than adults.
Deceptive: Deceptive lies are crafted carefully and skillfully, with the intent to mislead the person on the receiving end. These lies are often subtle and hard to detect.
Denial: Denial involves refusing to acknowledge something that’s true.
Error: Lies can happen by mistake. People may believe what they’re saying is true, even if that isn’t the case.
Exaggeration: Exaggerations make the false assertion that something is greater or better. For instance, people may try to paint a more attractive picture of themselves by saying they’re more successful than they are. Another example is people over-promising something to make up for a mistake.
Fabrication: Fabrications deliberately make up a story or something that’s not true. These types of lies tend to be overt and can be a mark of desperation.
Minimization: Minimizations lessen the extent of something. Often, these types of lies involve rationalization and take place when people can’t completely deny the truth. Minimizations are the opposite of exaggerations.
Omission: Lies of omission leave out part of the truth. For many people, omission is easier to engage in than other types of lies because omission is passive and doesn’t involve making up anything.

Well, common sense has to play a role as well.  Is there anyone who thought Patrick Harnett & Pirate were doing honest dealings?  I certainly hope not.  Pirate came out and said not to trust him several times as well as hinting that he was engaging in illegal activity.

Well, common sense has to play a role as well.  Is there anyone who thought Patrick Harnett & Pirate were doing honest dealings?  I certainly hope not.  Pirate came out and said not to trust him several times as well as hinting that he was engaging in illegal activity.  Even TradeFortress' lending site didn't pass the sniff test.  I also suspected ukyo & graet were trying to get rich playing the spread between their loans and the ones TradeFortress was brokering and thus kept a close eye on them selling off my stake as soon as they became unresponsive.  

For a short time I ran an insured deposit program.  Nearly everyone who participated (over 90%) got out with significant gains, but the few who stayed in through the collapse were paid their insured amounts and were quite satisfied, as most of them were already in the green at that point as well.  I would say I ran the only one that didn't burn anyone and I was 100% open about the entire thing.  There was nothing dishonest about what I did and I'm surprised you would insinuate as much.

Bitcoin wasn't created to appease the government nor the IRS. Don't taint these coins/celebration tokens.