Will you reinvest in BS&T if pirate returns your deposit next week?

[pauljr8]

You're kidding right? With hundreds of people doing nothing but hoping for a word from the anointed one that doesn't come while the value of their investments rise and fall out of their control I think not. Furthermore with no evidence that any promised payouts commenced 3 days after freezing our coins, what are we to do but speculate especially since the only word coming from pirate was to tell us that we don't know how hard it is to do the payouts. No pirateat40 has lost all credibility in his ability to deliver whether being in over his head or just a common thief.

[Rockefoten]

I don't think we will see another run of BS&T, but if we do I won't reinvest. Pirate sure gave a great return, but after closing up I have gotten the impression that he doesn't care about trying to reassure lenders. If he intends to return the money it wouldn't have taken too much of his time to give more frequent updates to lenders to try and reassure them that things are proceeding with payouts.
As others have mentioned, it's as if he is trying to create a sense of panic among lenders in order to buy up the cheap debt...
In the future, if I invest, it will be with people who at least try to appear to care about their investors/lenders.

[Timbert33]

Why is this??  He has Millions of dollars of coin.  Why doesn't he have a staff or assistants??

BFL has probably taken in less BTC then Pirate, they have staff..  The bitcoin magazine definately has taken in less, they have staff..

Oh right.  BFL.. they have staff and still can't answer emails.  They have staff and it still only takes 6-8 weeks to get stuff out the door.  They have staff and they still haven't updated the news on their wordpress website.

Oh right. Bitcoin magazine.. how many times was it delayed now?

Pirate's been much more responsive than both your examples put together.  Some people just need something to bitch about it seems.

Yeah, really, are you pirate or a shill, or are you just deeply invested and deluding yourself? I mean you defend every aspect of his business at every opportunity even though it's clear he's at the very least an irresponsible retard, and at worst a huge scammer. How on EARTH can you think it's possible to have a legitimate business that returns 7% a week for months on end? And if you DID have a business that did that, wouldn't you work on paying your interest and getting the business to belong solely to you as quickly as possible (which wouldn't take long at that growth rate)? Then you would increase your profits greatly, instead of wasting it paying interest.

Nothing about this entire situation makes sense, and I feel kinda bad for anyone retarded enough to believe this shit is legitimate.

[imsaguy]

Yeah, really, are you pirate or a shill, or are you just deeply invested and deluding yourself? I mean you defend every aspect of his business at every opportunity even though it's clear he's at the very least an irresponsible retard, and at worst a huge scammer. How on EARTH can you think it's possible to have a legitimate business that returns 7% a week for months on end? And if you DID have a business that did that, wouldn't you work on paying your interest and getting the business to belong solely to you as quickly as possible (which wouldn't take long at that growth rate)? Then you would increase your profits greatly, instead of wasting it paying interest.

Nothing about this entire situation makes sense, and I feel kinda bad for anyone retarded enough to believe this shit is legitimate.

I'm not nor have I ever claimed pirate is without fault.  I am not pirate and many people who have met me in person can at least verify.  I don't live anywhere near Texas nor do I claim to be.

[Timbert33]

Yeah, really, are you pirate or a shill, or are you just deeply invested and deluding yourself? I mean you defend every aspect of his business at every opportunity even though it's clear he's at the very least an irresponsible retard, and at worst a huge scammer. How on EARTH can you think it's possible to have a legitimate business that returns 7% a week for months on end? And if you DID have a business that did that, wouldn't you work on paying your interest and getting the business to belong solely to you as quickly as possible (which wouldn't take long at that growth rate)? Then you would increase your profits greatly, instead of wasting it paying interest.

Nothing about this entire situation makes sense, and I feel kinda bad for anyone retarded enough to believe this shit is legitimate.

I'm not nor have I ever claimed pirate is without fault.  I am not pirate and many people who have met me in person can at least verify.  I don't live anywhere near Texas nor do I claim to be.

Ahh, I apologize then. Just seems like I've seen a lot of your posts defending his actions, but they are usually kind of side points, not DIRECTLY defending him. But yeah, I don't understand how this whole situation got to this point lol. Guess that's what happens when you combine greed with business naivete, which appear to be qualities that many bitcoin users have plenty of each of.

[imsaguy]

Ahh, I apologize then. Just seems like I've seen a lot of your posts defending his actions, but they are usually kind of side points, not DIRECTLY defending him. But yeah, I don't understand how this whole situation got to this point lol. Guess that's what happens when you combine greed with business naivete, which appear to be qualities that many bitcoin users have plenty of each of.

I recognize there are similarities between what has happened with pirate versus what has happened with other scams, but it pisses me off when people outright lie and otherwise trash people without anything legitimate to back up what they say. 

[Bascule]

Yeah, really, are you pirate or a shill, or are you just deeply invested and deluding yourself? I mean you defend every aspect of his business at every opportunity even though it's clear he's at the very least an irresponsible retard, and at worst a huge scammer. How on EARTH can you think it's possible to have a legitimate business that returns 7% a week for months on end? And if you DID have a business that did that, wouldn't you work on paying your interest and getting the business to belong solely to you as quickly as possible (which wouldn't take long at that growth rate)? Then you would increase your profits greatly, instead of wasting it paying interest.

Nothing about this entire situation makes sense, and I feel kinda bad for anyone retarded enough to believe this shit is legitimate.

Imsaguy is running his own ponzi.

[imsaguy]

Yeah, really, are you pirate or a shill, or are you just deeply invested and deluding yourself? I mean you defend every aspect of his business at every opportunity even though it's clear he's at the very least an irresponsible retard, and at worst a huge scammer. How on EARTH can you think it's possible to have a legitimate business that returns 7% a week for months on end? And if you DID have a business that did that, wouldn't you work on paying your interest and getting the business to belong solely to you as quickly as possible (which wouldn't take long at that growth rate)? Then you would increase your profits greatly, instead of wasting it paying interest.

Nothing about this entire situation makes sense, and I feel kinda bad for anyone retarded enough to believe this shit is legitimate.

Imsaguy is running his own ponzi.

Nice try, but no.  It has a bunch of hardware behind it.  I've got plenty of people that will attest to that.

[Bascule]

Yeah, really, are you pirate or a shill, or are you just deeply invested and deluding yourself? I mean you defend every aspect of his business at every opportunity even though it's clear he's at the very least an irresponsible retard, and at worst a huge scammer. How on EARTH can you think it's possible to have a legitimate business that returns 7% a week for months on end? And if you DID have a business that did that, wouldn't you work on paying your interest and getting the business to belong solely to you as quickly as possible (which wouldn't take long at that growth rate)? Then you would increase your profits greatly, instead of wasting it paying interest.

Nothing about this entire situation makes sense, and I feel kinda bad for anyone retarded enough to believe this shit is legitimate.

Imsaguy is running his own ponzi.

Nice try, but no.  It has a bunch of hardware behind it.  I've got plenty of people that will attest to that.

You might have some hardware, but your enormously interesting opportunity is an enormously interesting Ponzi scheme.

[imsaguy]

You might have some hardware, but your enormously interesting opportunity is an enormously interesting Ponzi scheme.

Proof?

[Bascule]

You might have some hardware, but your enormously interesting opportunity is an enormously interesting Ponzi scheme.

Proof?

The proof needs to come from you, you're the one soliciting money.

[imsaguy]

You might have some hardware, but your enormously interesting opportunity is an enormously interesting Ponzi scheme.

Proof?

The proof needs to come from you, you're the one soliciting money.

I don't prove it to people that start out calling me a ponzi.  Had you been an interested investor, it'd have been a different story.

[CoinCidental]

Don't be delirious, pirate will not return your coins, instead he will sell those 500K coins, which will bring the exchange rate to 0.15-0.20 range, according to MtGox depth table.

as if he would sell them all at  once

he could hold them for years if he does it right and make millions

[Bascule]

You might have some hardware, but your enormously interesting opportunity is an enormously interesting Ponzi scheme.

Proof?

The proof needs to come from you, you're the one soliciting money.

I don't prove it to people that start out calling me a ponzi.  Had you been an interested investor, it'd have been a different story.

Of course it would. Love the term investor BTW, it sounds so much more professional than sucker.

[CoinCidental]

You might have some hardware, but your enormously interesting opportunity is an enormously interesting Ponzi scheme.

Proof?

The proof needs to come from you, you're the one soliciting money.

I don't prove it to people that start out calling me a ponzi.  Had you been an interested investor, it'd have been a different story.

Of course it would. Love the term investor BTW, it sounds so much more professional than sucker.

How about the term "Professional Sucker" ?

[Serenata]

I've run companies larger than BST as CEO (not in finance) and honestly if I made those kinds of moves without telling the client base formally and correctly what they could expect from my changed business operations I'm quite sure the board would have canned me without the golden parachute attached.

He's a one man shop.  He doesn't have a staff.  He doesn't have a board.  Its just him.  With tons of people expecting 24x7 availability.  You're comparing apples to oranges.

Why is this??  He has Millions of dollars of coin.  Why doesn't he have a staff or assistants??

BFL has probably taken in less BTC then Pirate, they have staff..  The bitcoin magazine definately has taken in less, they have staff..

It depends on what his business is and how he wants to run it.

To answer the OP...
I think Pirate has made one mistake, he let his operation grow without setting some restrictions. This has led to BS&T taking too much of his time. I wouldn't mind re-investing again my profit (not my capital), if things turn out OK.

[CoinCidental]

I've run companies larger than BST as CEO (not in finance) and honestly if I made those kinds of moves without telling the client base formally and correctly what they could expect from my changed business operations I'm quite sure the board would have canned me without the golden parachute attached.

He's a one man shop.  He doesn't have a staff.  He doesn't have a board.  Its just him.  With tons of people expecting 24x7 availability.  You're comparing apples to oranges.

Why is this??  He has Millions of dollars of coin.  Why doesn't he have a staff or assistants??

BFL has probably taken in less BTC then Pirate, they have staff..  The bitcoin magazine definately has taken in less, they have staff..

It depends on what his business is and how he wants to run it.

If it opens again its likely to be similar as last time
i will invest the coins but i cant tell you where or how etc ............or else i couldnt do what i do

[Bitcoin Oz]

You might have some hardware, but your enormously interesting opportunity is an enormously interesting Ponzi scheme.

Proof?

The proof needs to come from you, you're the one soliciting money.

Its called mining.