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1121  Bitcoin / Bitcoin Discussion / Re: A day in the life of a pirate. on: May 23, 2012, 03:53:56 PM
Okay, not defending pirates business here, as I think its a ponzi, but:

1. Everyone withdrawing shows nothing. If I was running a legitimate business investing peoples money in wind turbines (serious pooling benefits) then I would not be able to pay out a dime or much anyway (edit: During a bank run).

... then again if I was doing that I would just show documents for turbine ownership.

2. The reason you invest other peoples money and not just your own is so you can scale up. I may only have a small amount, say 5K$, and even if I get the full return for that, taking 1-10% of other peoples return while investing 50-500K$ more still nets me extra income.

As others said it is also safer for me to "gamble" with other peoples money.

The benefit for my clients is that I would have the contacts, pooling benefits and save them time investing themselves.

So yeah pirate is likely running a ponzi, but the above are not suspicious signs.

Why do you think its a ponzi?
1122  Bitcoin / Bitcoin Discussion / Re: A day in the life of a pirate. on: May 23, 2012, 03:24:14 PM
HFT isn't out of realm
but front-running with "inside information" is highly doubtful at best

If you back and look at what he has posted it is consistent with HFT.  

Without the right information things will go awry fast.

You're doing this instead of your algebra homework, aren't you?  Once you hit high school, those grades matter to universities.

Since when do garbage collection specialists need a college degree?
1123  Bitcoin / Hardware wallets / Re: Android Bitcoin Wallet on: May 23, 2012, 02:04:06 PM
This wallet still works great for me.  I met a guy at a coffee shop tonight and bought a pile of coins off him receiving them with this wallet.  No problems whatsoever.

Me too.  I've got thousands of transactions on mine and it runs better now than ever before.  Earlier versions choked on the number of transactions (so much so that I refused to upgrade), but the later ones have been much better.
1124  Bitcoin / Bitcoin Discussion / Re: [Emergency ANN] Bitcoinica site is taken offline for security investigation on: May 23, 2012, 02:02:37 PM
We had written a long post however we are prevented from posting it due to limitations. We are very sorry. We are trying to resolve this matter however we are limited in our capacities.

Post it on your website.  You can have it be 30 pages long if you'd like.  

the limitations are not technical but legal...

They didn't say that.

edit: RJK is too fast for me.
1125  Bitcoin / Bitcoin Discussion / Re: [Emergency ANN] Bitcoinica site is taken offline for security investigation on: May 23, 2012, 01:58:06 PM
We had written a long post however we are prevented from posting it due to limitations. We are very sorry. We are trying to resolve this matter however we are limited in our capacities.

Post it on your website.  You can have it be 30 pages long if you'd like. 
1126  Other / Off-topic / Re: Firsts! on: May 23, 2012, 02:59:07 AM
Let it be known that I got the first payout from Pirate's 5th project.

Damn.  Were you behind that spike just now?

PirateThe Manipulator was commanding it.  I was only the mouse clicker.
1127  Bitcoin / Bitcoin Discussion / Re: [Emergency ANN] Bitcoinica site is taken offline for security investigation on: May 23, 2012, 02:55:22 AM
And, by the way, who controls the "Bitcoinica Consultancy" sock puppet? Amir, Patrick? Would you care to enlighten us?

It'll take another 2 weeks to get a response.  They're drafting their reply now.
1128  Economy / Lending / Re: Bitcoin Savings and Trust is probably a Ponzi Scheme: A Petition on: May 23, 2012, 02:50:13 AM
Jesus.  Pirate is Jesus.  We can't prove nor disprove.  Satisfied?
I'm pretty sure you're joking. But of course I can't imagine any way that could be possible. If you're trying to suggest a possibility, you have to explain how it is in fact possible.

The issue is not proof or disprove of the truth of the claim. The issue is proof that the thing claimed is possible.

How is it not possible that pirate is Jesus?
1129  Other / Off-topic / Firsts! on: May 23, 2012, 02:44:55 AM
Let it be known that I got the first payout from Pirate's 5th project.
1130  Bitcoin / Hardware wallets / Re: Android Bitcoin Wallet on: May 23, 2012, 02:17:36 AM
Have you tried resetting the blockchain?
1131  Bitcoin / Bitcoin Discussion / Re: [Emergency ANN] Bitcoinica site is taken offline for security investigation on: May 22, 2012, 05:11:14 PM
I have asked to be able to speak more liberally. We are still drafting the message

I hope it gets more thought than the claims page.
1132  Other / Beginners & Help / Re: Very Rich Address? on: May 22, 2012, 04:47:30 PM
That's the address collecting all of Goat's misfires.
1133  Economy / Currency exchange / Re: Looking for someone to use their credit/debit card to refill a eNom account on: May 22, 2012, 04:45:25 PM
I'm in the US attempting to use a US card that I use for everything.  There's no reason for it not to work unless eNom is having issues.
1134  Economy / Currency exchange / Re: Looking for someone to use their credit/debit card to refill a eNom account on: May 22, 2012, 04:05:17 PM
Does an even 30 btc work for you?

Yes.

pm'd
1135  Economy / Currency exchange / Re: Looking for someone to use their credit/debit card to refill a eNom account on: May 22, 2012, 04:03:03 PM
Does an even 30 btc work for you?
1136  Economy / Lending / Re: Bitcoin Savings and Trust is probably a Ponzi Scheme: A Petition on: May 22, 2012, 03:52:16 PM
Where's the support for your claim that he is a ponzi?
I never said that he was a Ponzi. What I did say is that I don't know of anything else it could possibly be. I freely admit that that means it could be something I don't know of or can't think of. I've invited others to make suggestions in this thread, people have, and I've explained why none of those suggestions actually make any sense. (Did you somewhere mention something other than a Ponzi that it could possibly be? If so, I missed it. Please, I'd love to hear any other theories you have.)

Jesus.  Pirate is Jesus.  We can't prove nor disprove.  Satisfied?
1137  Other / Off-topic / Re: Today's Good Deed on: May 22, 2012, 01:55:30 PM
yin yang in action...

One could argue that you caused a Senior Citizen to be harmed.  Shocked
1138  Other / Archival / Re: Pictures of your mining rigs! on: May 22, 2012, 01:54:40 PM
Minecart 3.0

I thing the Fan will be better placed on the other side, and not the GPU exhaust side.

It all depends on if it is sucking or blowing Wink

hehe

OT;  All the plasticy, electrostaticy goodness makes me twitch..

If nothing else, it collects all of the dust.
1139  Bitcoin / Bitcoin Discussion / Re: [Emergency ANN] Bitcoinica site is taken offline for security investigation on: May 22, 2012, 01:41:30 PM
This should help in tracking them. bitcointalk.org usernames:

Bitcoinica Consultancy

intersango

genjix (Amir Taaki)

phantomcircuit (Patrick Strateman)


Name:   Bitcoinica Consultancy
Posts:   4
Position:   Whitelisted
Date Registered:   May 15, 2012, 12:42:47 PM
Last Active:   May 21, 2012, 11:25:03 PM

Name:   intersango
Posts:   38
Position:   Jr. Member
Date Registered:   January 29, 2012, 08:01:15 PM
Last Active:   May 16, 2012, 02:40:19 PM

Name:   genjix
Posts:   1565
Position:   Hero Member
Date Registered:   October 17, 2010, 09:07:02 PM
Last Active:   May 20, 2012, 06:04:53 AM

Name:   phantomcircuit
Posts:   258
Position:   Sr. Member
Date Registered:   February 14, 2011, 04:52:29 PM
Last Active:   May 21, 2012, 09:54:19 PM

oh, and a time reference.. this was posted at 8:42 AM on May 22, 2012.
1140  Economy / Lending / Re: Bitcoin Savings and Trust is probably a Ponzi Scheme: A Petition on: May 22, 2012, 01:40:04 PM

I honestly can't conceive of anything simpler than a Ponzi scheme.


So therefore, we are limited by your myopia?

Yes, exactly. When a person makes a claim and doesn't support it , the claim is invalid unless we already have some support for it. Since we have no support for it already, the claim is in fact limited by our myopia.


Where's the support for your claim that he is a ponzi?  High interest rate isn't enough.  Do you have evidence of pirate failing to pay any returns? Has he been late (longer than say an hour)? Has ANYONE been screwed by pirate?  In short, until you provide solid evidence, you're just a bunch of FUD.
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