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1841  Economy / Lending / Re: 75 BTC loan to Immuzikation on: January 15, 2012, 03:09:27 AM

Witnessed.
1842  Economy / Goods / Re: [WTS] Sapphire 6970 - CHEAP!!! on: January 15, 2012, 02:52:57 AM
Selling Sapphire Radeon HD 6970. It works great. I'm pigeons on #bitcoin-otc on freenode. I can give you references of other users I've sold video cards to in the past if you want.

I'm only asking 31 BTC with free shipping in the "USA" because I'm nice (and need some money). I'll ship elsewhere for the exact shipping cost.


Sale has been confirmed and has been escrowed courtesy of #bitcoin-escrow.  Will update when there is more information.
1843  Economy / Lending / Re: 75 BTC loan to Immuzikation on: January 15, 2012, 02:49:30 AM

Sixteenthed.
1844  Economy / Goods / Re: WTS 6950, 5830(sold), 5770(sold) on: January 15, 2012, 12:48:59 AM

Let me think on it.  I can always drop it in an open mining rig and run it on my own...

You said a bit ago that you didn't trust the fan to run the card.
1845  Economy / Goods / Re: WTS 6950, 5830(sold), 5770(sold) on: January 15, 2012, 12:46:12 AM

15btc
1846  Economy / Goods / Re: WTS 6950, 5830(sold), 5770(sold) on: January 15, 2012, 12:28:19 AM
No offers?  Anyone?  anyone???

10btc
1847  Other / Off-topic / Re: Post 250 on: January 15, 2012, 12:25:08 AM
This was my 250th post.  That is all.

6 posts away from an important milestone! Wink

your math is off sir!
1848  Other / Off-topic / Post 250 on: January 14, 2012, 09:10:03 PM
This was my 250th post.  That is all.
1849  Economy / Lending / Re: 75 BTC loan from Immuzikation on: January 14, 2012, 09:09:27 PM
Confirming Mt. Gox Code received!

Witnessed.

Seconded.
1850  Economy / Long-term offers / Re: Total 1000BTC, 15% for 30 days, renew automatically or paid back in one month on: January 14, 2012, 01:57:39 PM
To be honest, that otc rating system is too complicated for 99.99% of the people. To be honest, I'm just too lazy to follow the step by step guide.
1851  Economy / Goods / Re: $135 Amazon Gift Card on: January 13, 2012, 05:51:39 PM
Looking to trade a $135 Amazon Gift Card for Bitcoins.  If you have enough references I'll send first otherwise we can use some sort of escrow system.  Please PM if interested

1) What's your expected rate? 1:1?

2) #bitcoin-escrow has well rated users that will escrow for you.  They generally work off gratuity, not a set fee. Smiley
1852  Economy / Lending / Re: Question for First Pirate Savings and Trust on: January 13, 2012, 05:48:19 PM
Put even more plainly than everyone else: no bank makes loans in BTC. If one existed (that could actually meet his demand), I'm sure he would have just used it.

+1
1853  Economy / Lending / Re: Question for First Pirate Savings and Trust on: January 13, 2012, 05:31:02 PM

--


2)  Banks want all sorts of documentation.  "Why do you want the money?",  "How are you going to use the money?", "How are you going to secure the money?"  Generally speaking, banks don't want to loan you the money unless you don't need the money.  Could you imagine the looks the bank would give if he said he wanted to borrow $10k or whatever to use to make a bitcoin business? It'd be the same question your wife/girlfriend/significant other asks you.. "Why are you playing with that silly play money?"


Imsaguy, fair enough. But, you'd figure someone who seems to deal in buttloads of cold hard cash would have "friends" who would be very happy to loan him $20k for a "giant 50%" yearly interest. A 50% that is much cheaper than the 4000% currently being offered.  A 50% that is much cheaper even if he ignores his fluctuating needs for storage space and doesn't pay back for 5 years.  So, are we saying that the need to avoid btcusd price fluctuation explain the remaining difference, the difference of 3950%?



When I first started loaning to pirate, it was $1-$3.  We're now over $6 and who knows how high it could go next month.  3950% isn't that crazy when you start figuring in all that.
1854  Economy / Lending / Re: Question for First Pirate Savings and Trust on: January 13, 2012, 03:37:31 PM
I think the answer is simple enough. If you think it's too good to be true, go somewhere else to lend your bitcoins.

The only reason you have made this post is because you want to give in to your greed and lend him money if it opens up again.

"Current available space for the storage plan is: 765 BTC"

It is open and I have sent a lot of coins myself. I trust Pirate but if he is willing to give out more info I will listen.

Thanks.

Probably because someone or multiple someones did a withdrawal.  He's almost always at 0.
1855  Economy / Lending / Re: Question for First Pirate Savings and Trust on: January 13, 2012, 03:36:26 PM
Why not borrow in USD ?   Ponzi scheme, no doubt. Wink

As already explain, BTC/USD is too volatile.  It's better to price everything in BTC so loan balances vary with the exchange rate.  Don't make accusations without evidence.
1856  Economy / Lending / Re: Need 1-month 200 BTC loan. 10% interest. on: January 13, 2012, 03:14:01 PM
i'm curious 0ni0ns... why do people lend to anyone besides pirateat40?

is it because

a) you hate his guts, and want him to die in a horrible fire.
b) you already lend to him happily but want to diversify
c) you have no idea who pirateat40 is.



d) his availability is currently 0.
1857  Economy / Currency exchange / Re: Selling 24BTC for $150 Paypal on: January 13, 2012, 02:55:21 PM
Selling 24BTC for $150 PayPal, Someone with good REP please

Sell these yet?  I'm +1'd here in the forums and my otc rating doesn't get much better. Smiley
1858  Economy / Lending / Re: Question for First Pirate Savings and Trust on: January 13, 2012, 02:48:37 PM
Hi Pirateat40

I have some questions. I thought I should ask them publicly so that entire community would benefit from your answers.

(1) I love the idea of making 1% a day.  It is great. Just too good. We have all been cautioned growing up that "too good to be true" means ....  I probably just need to sit down and find out some concrete questions for you.

(2) You seem to have a great business that needs a storage of btc, to keep operating. For this store of btc, you are paying out 40 times what you borrow per year. (1% per year means some 4000% annualized.).  If I were to borrow $100, why would I want to pay out $4000 in a year back?  Wouldn't it be cheaper to borrow the same $100 from a bank, and pay them, say, $108 at the end instead of $4000?  

That is, why not borrow the moeny from a bank instead of us?  Why not use that money to buy some btc for your btc storage?  Surely, I'm misunderstanding something. I would appreciate a clarification.


(3)  You indicated that you sell these btc to local people. What local person has such a continual and huge demand for btc that even the overheads (your reserves) exceed thousands of btc?


I'm sure your bank is not a ponzi scheme where you'd pay person 1's interest using person 2's deposit. I'm sure I misunderstand something. I know you are a senior member of your community, and have excellent ratings. I would appreciate your clarifying my doubts to me.  I guess, mainly, question (2), and perhaps (3).

Thanks very much, and sincerely
deego
--


Ok, I'm gonna jump in..

1) Isn't a question.

2)  Banks want all sorts of documentation.  "Why do you want the money?",  "How are you going to use the money?", "How are you going to secure the money?"  Generally speaking, banks don't want to loan you the money unless you don't need the money.  Could you imagine the looks the bank would give if he said he wanted to borrow $10k or whatever to use to make a bitcoin business? It'd be the same question your wife/girlfriend/significant other asks you.. "Why are you playing with that silly play money?"

3)  Have you ever done large scale mining?  Do you know how hard it is to regularly dispose of large quantities of btc without getting screwed? If you live in a population center that's large enough, you can find regular buyers that will meet you in person and pay so you don't get screwed by all the different reversal methods popular on electronic transfer sites.  Pirate might very well buy those coins from large scale miners, charge a fee because he's making it easy for them, and then sell to other people.  The people he sells to might be people sending money to other countries because there's fewer fees when switching from USD->BTC->Eur or rather than wiring money home to Mexico via Western Union, they are using BTC.  There are many possibilities.  If he reveals too much, he reveals the secret sauce and then other could clone his business and cut into his profits.
1859  Economy / Long-term offers / Re: First Pirate Savings and Trust on: January 11, 2012, 03:17:38 PM
I totally missed it.  How long did it take to fill?
10 minutes, as far as I can remember Smiley

Not even.  Wink
1860  Bitcoin / Pools / Re: [349 GH] Eligius pool: ~0Fee SMPPS, no reg, RollNtime, hop OK, BTC+NMC merged! on: January 09, 2012, 02:55:52 PM

Excellent example..

If you loan your car to someone, you can't ask them how they used it after they used it and then get upset to find out they used it for something you don't approve of.  If you loan out your car and don't want it used for something, you need to stipulate BEFORE hand.

ahh, good ol morality questions..

See, the flaw in that logic is that when loaning to someone you 'trust' you would not feel the need to ever have to ask such questions...

That isn't a flaw.  Just because you trust someone, doesn't mean you are going to agree on everything 100%.
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