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521  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 10, 2012, 01:15:08 AM
I'm pretty sure you've called me a troll at some point or other (along with everyone else who's voiced any sort of doubt over the legitimacy of this financial black box...) so I'd just like to say that I'd be happy to leave all this alone if an independent external auditor found that BS&T is not a Ponzi.

Hell, I'd pay towards the costs of the audit.

You should too, really, you still run a PPT do you not? You'd get way more investment/profit if people's confidence in BS&T was approved by an impartial external audit.

There is a difference between having a valid argument and trolling.  That being said, I wouldn't doubt that I've called you a troll although I don't recall a specific instance.

I am no longer a part of the 6 partner PPT.  My shares were bought out.  I do have a straight pass-through setup running, but since the max rate is 7% and that's what I'm offering, the only advantage is that I have enough coins in my account to qualify for the 7%.

And now for the non-troll, legit question that I'm hoping someone can reasonably explain..

If BS&T is somehow a ponzi, why would Pirate encourage stable balances?  He's offering people running the trust accounts a .5% bonus if they can keep their total trust account balance stable within 5%.  Interest payments don't count, but deposits and withdrawals do.  If he is indeed a ponzi, why would he be discouraging deposits >5%?  Obviously paying out 7% would rapidly overtake deposits <5%, so what's the game plan with that.  I'm not convinced Pirate is a ponzi, although I cannot 100% say he isn't since I'm not actually him so I'm hoping someone from the 'other side' can help with this.
522  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 09, 2012, 03:20:33 PM
The Ponzi scheme is nearing its end. Pirate would simply play some delay tactics for a couple of weeks, until game over.

You guys are saying that same thing for the last 6 or 8 weeks Roll Eyes

Everything we know, we learned from BFL.
523  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 09, 2012, 03:54:37 AM
Of course, for that reason alone, nobody currently invested with Pirate would want an audit, which is why most of them will call me names for just suggesting the idea.

Who? Where?  You act as if those invested in Pirate want him to be a ponzi.  You couldn't be further from the truth I think.
524  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 09, 2012, 03:03:22 AM
It's called an independent, third-party audit. The evidence that most of us are asking for is really not that much. Sure, some of the crazies will still say that he bought off the auditor, but that would be enough for most people.


Not likely.
Take your head out of Pirate's ass. Most of us are actually reasonable people, especially the people who aren't being vocal that they think that this might be a ponzi. I know, because I used to be part of that group.

It has nothing to do with Pirate's ass.  Look at all the people that have been trolling this.  You think some audit will make them go away?  They have something to prove (that they are right) and won't give up until that's done, even in the face of contrary facts/evidence.
525  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 09, 2012, 02:48:03 AM
It's called an independent, third-party audit. The evidence that most of us are asking for is really not that much. Sure, some of the crazies will still say that he bought off the auditor, but that would be enough for most people.


Not likely.
526  Bitcoin / Mining speculation / Re: IS MINING REALLY WORTH IT on: August 08, 2012, 04:49:41 PM
LETS TALK ABOUT IF BITCOIN MINING IS REALLY WORTH THE COST OF ALL THE COMPONENTS AND HARDWARE

No.
527  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 08, 2012, 04:48:59 PM
(It seems 80% of population of this board could use some logic 101)

I'd agree; both sides seem to blabber a bunch without any real logic.
528  Other / Beginners & Help / Re: How many Bitcoins do you have? on: August 08, 2012, 03:36:50 AM
42.  I stole them all in a ponzi.  Paypal.
529  Economy / Computer hardware / Re: WTS BFL single on: August 08, 2012, 12:41:14 AM
nice edit.   Grin

Especially because BFL is only just now starting to get to June 1 orders.  June 20 is another 3 weeks down the pipe unless they start shipping faster... LOL
530  Economy / Service Discussion / Re: How Large is BTCST exposure? on: August 07, 2012, 11:34:00 PM
Quote from:  US Department of the Treasury
The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues
http://www.treasury.gov/resource-center/faqs/currency/pages/legal-tender.aspx

Does that mean that if I lend you my car for the weekend, you're within your rights to sell it and give me back the amount you got in dollars?

If I lend you my car, I expect to get my car back.

In the same way, if I lend you some Bitcoins, I expect to be paid back in Bitcoins.

Is the law really saying that all loans can be paid back in dollars at the borrowers discretion?

Actually, to a degree, yes.  If you loan someone your car and they go and have it scrapped and melted down, you will NEVER get 'your' car back.  The contract might stipulate they owe you X amount of funds + a penalty or you might end up having to sue them, but ultimately, they made a decision that they will not give you your car back.  Your only recourse at that point is USD (or find a judge or judges that will award you different property worth whatever value they deem appropriate, etc)
531  Economy / Computer hardware / Re: 10x BFL Singles, 7x5870, 5830, MB / CPU / Ram, Wireless Items - Mining Partout on: August 07, 2012, 11:29:30 PM
Sent PM
532  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 07, 2012, 10:18:15 PM
Not that Micon cares about being accurate, but EIEIO specifically states it is in mining.  It has been in my signature for ages.  To claim I don't disclose what I do is just wrong.
533  Economy / Long-term offers / Re: imsaguy's Enormously Interesting Extended Investment Opportunity on: August 07, 2012, 09:29:45 PM
Edit:  All EIEIO.A investors have been bought out.
534  Economy / Lending / Re: Tangible Cryptography LLC seeks Line of Credit to expand working capital. on: August 07, 2012, 06:43:03 PM
While the other partners won't cosign, will they still provide their identities?
535  Economy / Computer hardware / Re: [WTB] BFL Singles on: August 07, 2012, 06:33:03 PM
Have had several responses, still looking for more. Smiley
536  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 07, 2012, 04:34:34 PM
Pirate and his cronies

Please, who are his cronies?

You're obviously one of them!

 Cheesy

How so?
537  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 07, 2012, 12:08:55 PM
Pirate and his cronies

Please, who are his cronies?
538  Economy / Securities / Re: Weekly loss of N% guaranteed - Enjoy perpetual loss with fixed Mh/s mining turds on: August 07, 2012, 09:39:43 AM
Quote
People buying singles from butterfly are in the same boat as people buying bonds.

Here is the thing though: no one in their right minds would order a BFL single today if he didnt intend to trade it in for ASICs.
No one.


Wrong.  You can still sell a bfl single in 4 months time to someone else upgrading to ASIC.
539  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 07, 2012, 12:22:19 AM
Can anyone name a business that made a 3400% return in a year?
Bitcoin Savings & Trust
It hasn't quite been a year yet... Smiley
Actually, it has.

Is there an accepted or official inception date?

Ask one of his first lenders.
540  Economy / Lending / Re: A list of defaulted loans (list of scammers inside here) on: August 06, 2012, 07:10:52 AM
Shakaru
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