Pirate paying back investors within a week OR two?

[smoothie]

if pirate had 500k btc to pay back as of say August 1st of this month at 7% per week that is 14% for the past two weeks paid out which comes to:

500,000 BTC * 0.14 = 70,000BTC

Let's go back two weeks previous. So the total interest would be 70,000btc x 2 = 140,000 BTC for 4 weeks.

That's 28% of the principal investment not including any new investors that have sent pirate BTC since he lifted the referral requirement (which was a good indicator that things were going to end soon).

These astronomical returns just in the last 4 weeks (not including the current week's interest) is why I believe that pirate will not be able to pay the bitcoins back in full to his investors in the timeline he has given us (1 week or so).

He has paid out 28% (at least) of the overall 500k BTC in four weeks.

My guess is that the majority of the BTC that has been paid out in the past 12 weeks is the majority of the bitcoins that pirate had.

Then again he could have been selling the entire time in this current rally we are in which means he sold bitcoins at $7, $8, $9....


I suspect in the next week or two we will hear from pirate (if we hear from him again) that return of investor bitcoins will be delayed for numerous reasons and this will drag on for possibly months and then he will disappear possibly.

[notme]

Why yet another thread with accusations based on assumptions.  Don't we have enough already.  Can't you just wait a week, or do you have nothing better to do?

[smoothie]

Why yet another thread with accusations based on assumptions.  Don't we have enough already.  Can't you just wait a week, or do you have nothing better to do?

Why are you crying still?

Stop reading the forum for a week then.

Don't like what truth's I have to say?

Yes my thoughts on him not having all the bitcoins is still speculation, but all of the FACTS (interest paid, referral req. lifted, etc.) point to the conclusion that people will not get their money back in the short period pirate has claimed.

[notme]

Why yet another thread with accusations based on assumptions.  Don't we have enough already.  Can't you just wait a week, or do you have nothing better to do?

Why are you crying still?

Stop reading the forum for a week then.

Don't like what truth's I have to say?

Yes my thoughts on him not having all the bitcoins is still speculation, but all of the FACTS (interest paid, referral req. lifted, etc.) point to the conclusion that people will not get their money back in the short period pirate has claimed.

I might have to leave for a while... pirate's already the topic of every fucking thread, yet you insist on making more.

[smoothie]

Why yet another thread with accusations based on assumptions.  Don't we have enough already.  Can't you just wait a week, or do you have nothing better to do?

Why are you crying still?

Stop reading the forum for a week then.

Don't like what truth's I have to say?

Yes my thoughts on him not having all the bitcoins is still speculation, but all of the FACTS (interest paid, referral req. lifted, etc.) point to the conclusion that people will not get their money back in the short period pirate has claimed.

I might have to leave for a while... pirate's already the topic of every fucking thread, yet you insist on making more.

This is my question to you and many others:

What's so fucking irritating about me making another thread on this forum? Seems like people only complain about threads that point people in the direction of them possibly losing their money due to a scam. You are one of them complaining. It's a fucking thread for crying out loud. If you see a title with pirate in it don't read it or if you do don't cry. Just like if you lost money with pirate, don't cry.

[notme]

Why yet another thread with accusations based on assumptions.  Don't we have enough already.  Can't you just wait a week, or do you have nothing better to do?

Why are you crying still?

Stop reading the forum for a week then.

Don't like what truth's I have to say?

Yes my thoughts on him not having all the bitcoins is still speculation, but all of the FACTS (interest paid, referral req. lifted, etc.) point to the conclusion that people will not get their money back in the short period pirate has claimed.

I might have to leave for a while... pirate's already the topic of every fucking thread, yet you insist on making more.

This is my question to you and many others:

What's so fucking irritating about me making another thread on this forum? Seems like people only complain about threads that point people in the direction of them possibly losing their money due to a scam. You are one of them complaining. It's a fucking thread for crying out loud. If you see a title with pirate in it don't read it or if you do don't cry. Just like if you lost money with pirate, don't cry.

It's annoying because there is no longer any other content.  Pirate has consumed these forums.  Other than seeing if Vladimir has anything else to say, I think I will walk away for at least a few days.  Nothing to see here but more pirate speculation.  I miss the other content.

[odolvlobo]

Don't like what truth's I have to say?

What you call "truths" are not truths. They are just speculation. There is a speculation forum here: https://bitcointalk.org/index.php?board=57.0. Why not post there? Why are you cluttering up these forums with this trash?

[Vladimir]

Why yet another thread with accusations based on assumptions.  Don't we have enough already.  Can't you just wait a week, or do you have nothing better to do?

It is not an accusation. It is a prognosis. Quite reasonable one BTW.

[JoelKatz]

So what's happening with Pirate pass throughs? For those who think Pirate will pay everyone back, they should be worth close to face value. For those who think Pirate is a Ponzi, they are worthless. So what does the market think?

[notme]

So what's happening with Pirate pass throughs? For those who think Pirate will pay everyone back, they should be worth close to face value. For those who think Pirate is a Ponzi, they are worthless. So what does the market think?

They are going for very slightly below face value.  For those who invested through me, they have already been repaid in full from my personal funds.

[smoothie]

Don't like what truth's I have to say?

What you call "truths" are not truths. They are just speculation. There is a speculation forum here: https://bitcointalk.org/index.php?board=57.0. Why not post there? Why are you cluttering up these forums with this trash?

The only thing that I said was speculation was if he would return the funds or not.

All of my other comments which is 90% of what I said is fact:

Fact #1 - Pirate had at least 500k btc of investors' funds

Fact #2 - Pirate lifted referral requirement 4 weeks ago

Fact #3- He has paid 28% in interest in the past 4 weeks. Close to 140k BTC.

Fact #4 - He said we will pay all investors plus this weekly interest within a week.

[robocoin]

Why yet another thread with accusations based on assumptions.  Don't we have enough already.  Can't you just wait a week, or do you have nothing better to do?

Why are you crying still?

Stop reading the forum for a week then.

Don't like what truth's I have to say?

Yes my thoughts on him not having all the bitcoins is still speculation, but all of the FACTS (interest paid, referral req. lifted, etc.) point to the conclusion that people will not get their money back in the short period pirate has claimed.

I might have to leave for a while... pirate's already the topic of every fucking thread, yet you insist on making more.

This is my question to you and many others:

What's so fucking irritating about me making another thread on this forum? Seems like people only complain about threads that point people in the direction of them possibly losing their money due to a scam. You are one of them complaining. It's a fucking thread for crying out loud. If you see a title with pirate in it don't read it or if you do don't cry. Just like if you lost money with pirate, don't cry.

Absolutly ok. I enjoy your quality trolling. Posts: 2562 and counting, omg.

[notme]

Don't like what truth's I have to say?

What you call "truths" are not truths. They are just speculation. There is a speculation forum here: https://bitcointalk.org/index.php?board=57.0. Why not post there? Why are you cluttering up these forums with this trash?

The only thing that I said was speculation was if he would return the funds or not.

All of my other comments which is 90% of what I said is fact:

Fact #1 - Pirate had at least 500k btc of investors' funds

Fact #2 - Pirate lifted referral requirement 4 weeks ago

Fact #3- He has paid 28% in interest in the past 4 weeks. Close to 140k BTC.

Fact #4 - He said we will pay all investors plus this weekly interest within a week.

I haven't seen proof for fact 1.  It might be true, but your figure seems a bit high to me.  Can you point me to some evidence for this claim since it is the lynchpin of your thesis?

[smoothie]

Why yet another thread with accusations based on assumptions.  Don't we have enough already.  Can't you just wait a week, or do you have nothing better to do?

Why are you crying still?

Stop reading the forum for a week then.

Don't like what truth's I have to say?

Yes my thoughts on him not having all the bitcoins is still speculation, but all of the FACTS (interest paid, referral req. lifted, etc.) point to the conclusion that people will not get their money back in the short period pirate has claimed.

I might have to leave for a while... pirate's already the topic of every fucking thread, yet you insist on making more.

This is my question to you and many others:

What's so fucking irritating about me making another thread on this forum? Seems like people only complain about threads that point people in the direction of them possibly losing their money due to a scam. You are one of them complaining. It's a fucking thread for crying out loud. If you see a title with pirate in it don't read it or if you do don't cry. Just like if you lost money with pirate, don't cry.

Absolutly ok. I enjoy your quality trolling. Posts: 2562 and counting, omg.

Wow new account created on August 18th....good job creating new accounts lol

[Maged]

Fact #1 - Pirate had at least 500k btc of investors' funds

I haven't seen proof for fact 1.  It might be true, but your figure seems a bit high to me.  Can you point me to some evidence for this claim since it is the lynchpin of your thesis?

Bitcoin-otc:
[2012-08-17 16:17:57] <pirateat40> Azelphur, personally. BST is over 500k BTC
Pirate was identified with both Nickserv and gribble.

Even Team Ponzi just thought that it was around 450k, but you cannot dispute Pirate's own words.

[smoothie]

Fact #1 - Pirate had at least 500k btc of investors' funds

I haven't seen proof for fact 1.  It might be true, but your figure seems a bit high to me.  Can you point me to some evidence for this claim since it is the lynchpin of your thesis?

Bitcoin-otc:
[2012-08-17 16:17:57] <pirateat40> Azelphur, personally. BST is over 500k BTC
Pirate was identified with both Nickserv and gribble.

Even Team Ponzi just thought that it was around 450k, but you cannot dispute Pirate's own words.

Thanks maged. I didn't have a copy of that but I knew I read it.

[smoothie]

My estimates are then in OP is quite reasonable because I used 500k figure and pirate says its over 500k

[tvbcof]

My estimates are then in OP is quite reasonable because I used 500k figure and pirate says its over 500k

A slight issue is that if Pirate is a scammer and is running a scam, he almost certainly would not be above fudging a bit.

In fact a lot of the types of people who would be prone to being scammed in this way would likely have considerable awe in someone wielding the power of {a large number} of coins and it would tend to install CONfidence in them.  They also might feel a strong sense of loyalty since Pirate was using his vast accumulation of power to the collective benefit of the group.

But...if he is fudging his numbers high (and has a fewer number to buy back thus weakening the OP's point) then he is a scammer and there would be very little reason to give anything back at the end of the Ponzi.

[unclescrooge]

So what's happening with Pirate pass throughs? For those who think Pirate will pay everyone back, they should be worth close to face value. For those who think Pirate is a Ponzi, they are worthless. So what does the market think?

Market discounts 20% off passthrough, but it did went to less than 30% of face-value.

Fuck, could have made a killing if I wasn't away from the computer at that time :/

[candoo]

Think he is getting out all bitcoins till friday 24.