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241  Other / Off-topic / Re: Mr. M Spoiling the Pirate Investing once and for all. on: August 31, 2012, 11:05:05 PM
Amazing that people are still posting shit like this. Are people actually falling for it?

Not yet:
https://blockchain.info/address/1A6qSPyVV4Dq6K9qUyxxK1Nx5Qbea3BUUC

Im sure they will come though
242  Bitcoin / Mining / Re: New strong pool or solominer 83.169.22.26 ??? on: August 31, 2012, 11:02:39 PM
There isnt really one, since no pool or solo miner has to come forward and claim the block; but the best public source would be this:
http://blockorigin.pfoe.be/
243  Other / Off-topic / Re: Mr. M Spoiling the Pirate Investing once and for all. on: August 31, 2012, 11:00:33 PM
Quote
The only promise is ill reveal  exactly how I spent the money.

Hookers and dope?
244  Bitcoin / Mining / Re: New strong pool or solominer 83.169.22.26 ??? on: August 31, 2012, 10:54:53 PM
They are listed on deepbits website, if you take in to account the 1+ hour delay.
https://deepbit.net/stats
Blockchain.info is not an authorative source for block origins, they just make educated guesses, and quite often wrong, particularly when it comes to deepbit.
245  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: August 31, 2012, 10:35:27 PM
Hm... i really read it as like it is a normal mining share. And when i now read investing in green energy... of course green energy is a thing to cut powercosts... but the investment will be back after years only. As far as i read mining alone will get the investment back in around 10 months. Green Energy make sense because you save power costs. But until these saved costs are as high as the investment it takes years. So no good investment in my opinion. But anyway... the price is very low for the share... i think it resembles the value. Lets see how the dividend behaves. One more reason to wait until jumping into a share.

Reality check; Diablo talks of investing $250K for energy supply alone, the datacenter he dreams of costs many times more.   If he sold all his company's assets, he could not even raise 1000BTC anymore, and by the time he will pay your next dividend, probably not half that. No one is going to be insane enough to purchase new shares at 1BTC either when they are being sold for 0.05.  Where will the money come from?

One  might debate whether Diablo is just the most incompetent bitcoin CEO ever, a scammer,  or if he is delusional,  but if you are going to take this serious, I got a bridge to sell. If it helps, I will convert the bridge in to in MH for valuation.
246  Economy / Securities / Re: Weekly loss of N% guaranteed - Enjoy perpetual loss with fixed Mh/s mining turds on: August 31, 2012, 08:19:02 PM
I intended to start something like that here:
https://bitcointalk.org/index.php?topic=88496.0

Imagine my profits if I had done it back then, but Brendio promised an easier solution, that Ive yet to see materialize.
And now,  I dont think the new GLSBE rules would allow it.
247  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: August 31, 2012, 08:08:17 PM
For fuck sake, even PPT's have managed to hold value better than DMC in August. This is not funny!

Isnt it? I have to admit I do find that quite hilarious.
248  Economy / Securities / Re: Weekly loss of N% guaranteed - Enjoy perpetual loss with fixed Mh/s mining turds on: August 31, 2012, 08:03:36 PM
Let me put my money where my mouth is. Anyone owning these bonds, lend them to me so I can short them. I will pay you all dividends +10% bonus. Minimum duration 3 months, after that Im free to return them whenever I want, or you want. PM me when interested.
249  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: August 31, 2012, 05:44:18 PM
The only conclusion I can come to is that DMC is one horrible clusterfuck intentionally designed to defraud shareholders - Or that you are an incompetent person with a penchant for lying

Pfew. At last, some other people are beginning to realize.
250  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: August 31, 2012, 04:04:53 PM
but the short of it is theres 20909 shares out and we hold 134920 mhash in assets,

I call bullshit.  You keep converting anything and everything  into a fixed MH mining bond, even though you hold shares that arent fixed MH bonds. WHy dont you stop making up  numbers and just publish exactly what you hold? The only way to come up with such inflated number is by lying through your teeth and turning projected possible (and extremely uncertain)  future ASICs companies output in to imaginary fixed bonds. You may well deserve a scammer tag more than Pirate does.

No, I approximate mh. This is the number people currently care about to compare the mining assets DMC holds.

Having a few 100 shares in asicminer doesnt mean you have a few dozen GH in fixed mining bonds. This is plain deceit and laughing at your share holders.
251  Other / Off-topic / Re: ITS A DUCK! (and other pirate memes). 1 BTC per day contest - 14 BTC total on: August 31, 2012, 03:49:05 PM
252  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: August 31, 2012, 03:21:30 PM
but the short of it is theres 20909 shares out and we hold 134920 mhash in assets,

I call bullshit.  You keep converting anything and everything  into a fixed MH mining bond, even though you hold shares that arent fixed MH bonds. WHy dont you stop making up  numbers and just publish exactly what you hold? The only way to come up with such inflated number is by lying through your teeth and turning projected possible (and extremely uncertain)  future ASICs companies output in to imaginary fixed bonds. You may well deserve a scammer tag more than Pirate does.
253  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: August 31, 2012, 02:38:10 PM
Why should it be Diablos doing that the price for the share went down? He still is offering them for 1BTC. The only thing that drives the prices down are shareholders that sell their shares below the 1BTC. There is no other way. So how could this be Diablos doing?

You must have missed the post where Diablo said only a small minority of the shares were sold at 1BTC. He has been swapping the other shares for who knows what, but clearly for something worth a lot less than 1BTC.

Moreover, the fact his company shares have lost >90% of their value, is something people tend to hold a CEO accountable for. Particularly when the value loss is quite warranted and the CEO is unwilling and/or unable to explain what happened to the investments he was entrusted with. (and lets not even mention the fact he hadnt even noticed and thought his shares traded for 10x what they actually did).
254  Economy / Service Discussion / Re: How did people fall for this Pirate scam? on: August 31, 2012, 11:53:24 AM
He's just willing to spend a great deal of cash to shut people up for a little bit

He isnt going pay. I was going to offer a bet, but I see there is one already:
http://betsofbitco.in/item?id=588

255  Economy / Service Discussion / Re: Pirate wants to settle with individuals for less. Don't let him do it. on: August 31, 2012, 08:10:01 AM
This is interesting. Where is the alternative explanation from pirateat40?

I just can't make sense of it. Why does pirate want to handle it this way?

Wild guess? He is going to pay a small amount of PPT holders directly, and blame the PPT operators for not refunding everyone else, possibly claiming he paid them back. Divide and conquer.  It would be interesting to have a breakdown of sums owed directly and indirectly to see how/if this could work though.
256  Economy / Service Discussion / Re: How did people fall for this Pirate scam? on: August 31, 2012, 07:54:08 AM
I guess it can work the same way you could make a profit on satoshidice. I wouldnt call it a business model tho.
257  Economy / Service Discussion / Re: How did people fall for this Pirate scam? on: August 31, 2012, 07:38:03 AM
Had it worked, The potential pirate business model I posited above would have easily netted a nice big chunk of change.

I dont think so. Your model is essentially trying to crash the price by selling a ton of BTC, and then buying back cheaply.  Its been posted a million times, but that just doesnt work. If you have enough BTC, you can crash the price allright, but you cant possibly buy back a (much) bigger amount of BTC later without increasing the price well above where it was before you crashed it, because you will never be the only one buying up those cheap coins.

IF there was any way for something similar to be possible, you would need a very different mechanism to influence the price. Selling coins for cheap wont make it work.
258  Economy / Service Discussion / Re: How did people fall for this Pirate scam? on: August 31, 2012, 07:24:48 AM
He got conned - or made a bad investment, the end result is the same, so the difference is moot - and he knows it. He accepts that, and is taking it quite well, considering how little lube was used.

No need to rub salt in the wound.

I have no desire to rub in any salt, but Brunic still seems convinced its possible, that makes him vulnerable to another scammer exploiting that. Also, if there really is such a business model that would allow him or me to earn 100's of 1000s of BTC, it certainly would be worth discussing Smiley.
259  Economy / Scam Accusations / Re: Scammer: Pirateat40 on: August 31, 2012, 07:20:25 AM
I would like to know who was on the inside of pirates operation and come out with proof, or hell, even some evidence that it was a ponzi.

7% per week and insolvency. No further evidence is needed.  Claiming something is a ponzi is the same as claiming there is no business model, no profit generator. You cant prove a negative,  its up to those who claimed it was not a ponzi but a legitimate business model that they knew and understood to demonstrate there was indeed one,  or at the very least that there could have been one that explained the 7%.

Quote
People like you who just yell ponzi are not whistle blowers... That is more like trolling since you have no evidence at all.

Quite the opposite. You shouted over and over it wasnt a ponzi, that implies you knew there was a business model behind it that could explain the 7%, but people such as yourself always claimed not to want to reveal it. So reveal it now, because all those posts of you, Imsaguy and tons of other pirate supporters are the only thing that lead to some credibility of pirate's business. Asbent that very vocal support, precious few people would have believed Pirate could possibly generate such returns and this thing would have collapsed a year ago. The onus has always been on Pirate and the Pro pirate team to prove there was a source of revenue for that 7% per week.   Absence of that would automatically mean it was a ponzi.

Quote
BTW there are claims pirate is paying out on IRC. I have not personally verified that to be true but some people I trust have said they have.

Im holding my breath.
260  Economy / Service Discussion / Re: How did people fall for this Pirate scam? on: August 31, 2012, 06:52:44 AM
Yeah, but he don't have to give back the BTC immediately. Buying 111k BTC in 1 day or getting them back over a longer period is different.

Granted; but  do ask yourself: why would the "real estate guy" not want to wait 30 hours in order to make his purchase, rather than paying Pirate some insane premium to get them right away? And this wouldnt be happening once, this would have to be happening constantly, and at an ever increasing volume.

Quote
. Pirate only took those coins at 10.50$, made a big bundle of them, and sold them at 12$ each to some big investor.

You mean to some big idiot. Who else would pay 20% over market price for such volumes to get his investment faster? And again, this wouldnt be happening once, but constantly at an ever increasing volume.

The thing to focus on here is that if you assume your theory is correct, the "investor" would be losing whatever the lenders are earning. And they were earning  incredulous numbers. That means the Pirate needed an endless supply of very rich and very stupid investors. Doesnt seem likely to me. Those investors, if for some reason they didnt want to buy from MtGox, would have reached out and tried to find sellers that would for for less than 20% markup. It wouldnt be hard to find people with large BTC holdings willing to settle for a lot less.

Moreover, if pirate could indeed sell at (say) 20% markup, he would have to be earning a ton and I see no reason for him to give almost all his profit to his lenders. He would have started acquiring more and more own capital and be less and less dependant on his extremely expensive lenders. By now you would expect he needed none. The opposite was true, he needed ever more lenders. It doesnt compute.

Quote
With this, I'm not interested in replying anymore. I've answered to you because you're a cool guy P4Man. But I'm sick of the personal attacks like 556j did. It seems I'm not worthy of having respect around here because I'm trying to explain a business model and how you could make money using it.

Im trying to explain the logical fallacy.  If nothing else, if you would come up with some workable miracle business model, ask yourself why no one else would have adopted it. Remember Pirate started small, much smaller than a lot of other BTC holders.
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