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Author Topic: BITCOIN SAVINGS & TRUST - Just when you thought Bitcoin was instant....  (Read 14584 times)
bitlane (OP)
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August 17, 2012, 12:08:04 AM
 #1

Let's be clear about 1 thing first of all:

I have been a strong Pirate Savings & Trust proponent for the last 210 Days.
As with many of you, I have put up with my fair share of FUD being spewed by the masses and added a rebuttal or 2 whenever I saw fit.
I have never invested much, as in, never more than I was willing to lose.... although I felt it was enough to warrant some sort of service.

I have successfully withdrawn a grand total of 2165 BTC over 4 separate transactions, each of those 4 requests being filled within minutes.
(1 of them being a 1900 BTC request)

Today, however....seems to be another story.

As of posting this, we are officially at the 3 hour mark for what is still, an absent withdrawal request of only 114 BTC.

I am not about to jump to any conclusions too quickly, but in my opinion, there are a few things that made First Pirate Savings & Trust great:
- Fast Support.
- Easy Access to Funds.
- Communication.

With the above in mind, BITCOIN SAVINGS & TRUST has much to live up to.

Too Big To Fail - Not just for the USD Markets anymore.

I can only imagine that this post will lead to the forceful closure of my BTCST Account....but I have paid higher prices in the past, for the opportunity to be honest.

With Love,
bitlane

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August 17, 2012, 12:10:50 AM
 #2

He has 24 hours to process withdrawals, does he not?

To make a thread after only three hours is a bit extreme.
bitlane (OP)
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August 17, 2012, 12:13:14 AM
 #3

He has 24 hours to process withdrawals, does he not?

I don't know, does he ?

To make a thread after only three hours is a bit extreme.

As I said, BITCOIN SAVINGS & TRUST has huge shoes to fill, left by FIRST PIRATE SAVINGS & TRUST......


notme
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August 17, 2012, 12:14:03 AM
 #4

He has 24 hours to process withdrawals, does he not?

To make a thread after only three hours is a bit extreme.

+1

The man has a life after all.

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Vladimir
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August 17, 2012, 12:14:44 AM
 #5

The fifth rule of running a ponzi. "You need to continue paying your shills, or they will turn on ya".


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bitlane (OP)
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August 17, 2012, 12:15:40 AM
 #6

The man has a life after all.

His life IS the Millions of Dollars in Bitcoins that he manages.

bitlane (OP)
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August 17, 2012, 12:16:47 AM
 #7

The fifth rule of running a ponzi. "You need to continue paying your shills, or they will turn on ya".

That's uncalled for.

The point being made was THEN vs. NOW...and nothing more.

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August 17, 2012, 12:18:28 AM
 #8

The man has a life after all.

His life IS the Millions of Dollars in Bitcoins that he manages.

Try telling that to his family.

I'm sure you'll get paid, but pirate can't sit at his computer all day if you want him to stay healthy.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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August 17, 2012, 12:18:57 AM
 #9

The fifth rule of running a ponzi. "You need to continue paying your shills, or they will turn on ya".

That's uncalled for.

The point being made was THEN vs. NOW...and nothing more.


is it?

Let's be clear about 1 thing first of all:

I have been a strong Pirate Savings & Trust proponent for the last 210 Days.
As with many of you, I have put up with my fair share of FUD being spewed by the masses and added a rebuttal or 2 whenever I saw fit.
I have never invested much, as in, never more than I was willing to lose.... although I felt it was enough to warrant some sort of service.

I have successfully withdrawn a grand total of 2165 BTC over 4 separate transactions, each of those 4 requests being filled within minutes.
(1 of them being a 1900 BTC request)

Today, however....seems to be another story.

As of posting this, we are officially at the 3 hour mark for what is still, an absent withdrawal request of only 114 BTC.

I am not about to jump to any conclusions too quickly, but in my opinion, there are a few things that made First Pirate Savings & Trust great:
- Fast Support.
- Easy Access to Funds.
- Communication.

With the above in mind, BITCOIN SAVINGS & TRUST has much to live up to.

Too Big To Fail - Not just for the USD Markets anymore.

I can only imagine that this post will lead to the forceful closure of my BTCST Account....but I have paid higher prices in the past, for the opportunity to be honest.

With Love,
bitlane


I've changed emphasis.

And let me break it to you, no it is not too big to fail. There is no too big to fail in Bitcoin. Actually the sooner it fails the better it is for Bitcoin.

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August 17, 2012, 12:20:49 AM
 #10

The man has a life after all.

His life IS the Millions of Dollars in Bitcoins that he manages.

Try telling that to his family.

I'm sure you'll get paid, but pirate can't sit at his computer all day if you want him to stay healthy.
Why aren't withdrawals automated then?
notme
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August 17, 2012, 12:23:45 AM
 #11

The man has a life after all.

His life IS the Millions of Dollars in Bitcoins that he manages.

Try telling that to his family.

I'm sure you'll get paid, but pirate can't sit at his computer all day if you want him to stay healthy.
Why aren't withdrawals automated then?

Because he processes all transactions manually for security reasons.  I would not be invested if he did it otherwise.

https://www.bitcoin.org/bitcoin.pdf
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bitlane (OP)
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August 17, 2012, 12:26:12 AM
 #12

Whatever... I'm done.

In the grand scheme of things, I honestly never thought that $1500 could ruin my day so easily or PISS ME OFF so badly...

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August 17, 2012, 12:27:38 AM
 #13

3 hours is a REALLY LONG TIME!!!  You should probably get angry, start yelling, break your computer, you know...things like that.   Cry
bitlane (OP)
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August 17, 2012, 12:43:13 AM
 #14

Well, smooth sailing had to end sometime....

notme
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August 17, 2012, 12:47:27 AM
 #15

3 hours is a REALLY LONG TIME!!!  You should probably get angry, start yelling, break your computer, you know...things like that.   Cry

lol Roll Eyes

https://www.bitcoin.org/bitcoin.pdf
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Willowbitcoin
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August 17, 2012, 12:49:50 AM
 #16

Were you using a PPT ? If so who with? Your withdrawal is only as fast as your middle man.

You do realize the amount of withdrawals he is facing is rather quite large at the moment.
Any business faced with that amount of withdrawal requests would take some time to unravel.

I'm not saying his legitimate or not, i imagine if he survives the next few weeks its a good indication he was legitimate.

Making a thread after 3 hrs appears to be rather extreme.


( Fwiw, i withdrew cash from bitcoinmax and it was actioned within a couple of hrs )
bitlane (OP)
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August 17, 2012, 12:51:05 AM
 #17

Were you using a PPT ? If so who with? Your withdrawal is only as fast as your middle man.

You do realize the amount of withdrawals he is facing is rather quite large at the moment.
Any business faced with that amount of withdrawal requests would take some time to unravel.

I'm not saying his legitimate or not, i imagine if he survives the next few weeks its a good indication he was legitimate.

Making a thread after 3 hrs appears to be rather extreme.


( Fwiw, i withdrew cash from bitcoinmax and it was actioned within a couple of hrs )


I deal with Pirate directly and always have.

When you get accustomed to a certain level of service that you experience, when Pirate actually WANTS your money......you come to expect the same UNLESS TOLD OTHERWISE.

Willowbitcoin
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August 17, 2012, 01:45:42 AM
 #18

Your 4 requests. Over what time period did you request them ?
What % yield were you enjoying?

Do you think your alarm may have been early considering his withdrawals are manual and he may be sleeping or gone out shopping ?

URSAY
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August 17, 2012, 01:54:51 AM
 #19

Place your bets people...

http://betsofbitco.in/item?id=537
notme
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August 17, 2012, 01:55:02 AM
 #20

Were you using a PPT ? If so who with? Your withdrawal is only as fast as your middle man.

You do realize the amount of withdrawals he is facing is rather quite large at the moment.
Any business faced with that amount of withdrawal requests would take some time to unravel.

I'm not saying his legitimate or not, i imagine if he survives the next few weeks its a good indication he was legitimate.

Making a thread after 3 hrs appears to be rather extreme.


( Fwiw, i withdrew cash from bitcoinmax and it was actioned within a couple of hrs )


I deal with Pirate directly and always have.

When you get accustomed to a certain level of service that you experience, when Pirate actually WANTS your money......you come to expect the same UNLESS TOLD OTHERWISE.

I have made 20ish withdrawals, and while most were very quick, several were more than 3 hours...

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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