Bitcoin Savings & Trust - Money Returned List (One reported - CLOSED).

[556j]

Uhm where isn't it enough to retire? I will retire when I have amassed far less.

5mil is the bare minimum to retire on in the US after inflation considered. You can expect safe income of about 100k a year. That's not really a lot when you think about it. Unless you live in some awful town.

[Shadow383]

Uhm where isn't it enough to retire? I will retire when I have amassed far less.

5mil is the bare minimum to retire on in the US after inflation considered. You can expect safe income of about 100k a year. That's not really a lot when you think about it. Unless you live in some awful town.

It's a lot more than the majority have at retirement 

[Herodes]

Does anyone actually know Pirate's real life identity ? And is 100% sure, that's his actual real life identity ?

Wow - my mind boogles that a man not disclosing his identity and not telling what he does actually manages to amass a half million bitcoins.

That's actually enough to retire on in many parts of the world.

So, in the event he doesn't pay up. Who are you going to sue this time ?

Yes, he had a meetup at DefCon where he showed up in person. There was a post about it around here somewhere

Okay. So he divulged his name, and told the other dudes enough to make them believe he's the real Pirate ?

Still can't wrap my mind around the fact that people invest with enterprises like his. It seems it's rather easy to fool people if an individual is unscrupulous,
the history is full of examples of this.

[bitcoinbear]

Uhm where isn't it enough to retire? I will retire when I have amassed far less.

5mil is the bare minimum to retire on in the US after inflation considered. You can expect safe income of about 100k a year. That's not really a lot when you think about it. Unless you live in some awful town.

Are you crazy? How do you possibly need a 100k income to retire on? What are you doing, eating steak every night? That is more than twice the median family income in the US.

[dissipate]

Uhm where isn't it enough to retire? I will retire when I have amassed far less.

5mil is the bare minimum to retire on in the US after inflation considered. You can expect safe income of about 100k a year. That's not really a lot when you think about it. Unless you live in some awful town.

Are you crazy? How do you possibly need a 100k income to retire on? What are you doing, eating steak every night? That is more than twice the median family income in the US.

Considering the fact that Medicare and Social Security are going to blow up, seems about right to me. Medical expenses will be through the roof, so a lot of your income will go just to that. In fact, the best investment a young person can make right now is probably their own health.

[Smoovious]

Does anyone actually know Pirate's real life identity ? And is 100% sure, that's his actual real life identity ?

Wow - my mind boogles that a man not disclosing his identity and not telling what he does actually manages to amass a half million bitcoins.

That's actually enough to retire on in many parts of the world.

So, in the event he doesn't pay up. Who are you going to sue this time ?

Yes, he had a meetup at DefCon where he showed up in person. There was a post about it around here somewhere

Sooooo, all we gotta do is round up everyone in that pic and waterboard them then... sounds doable...

-- Smoov

[Piper67]

Does anyone actually know Pirate's real life identity ? And is 100% sure, that's his actual real life identity ?

Wow - my mind boogles that a man not disclosing his identity and not telling what he does actually manages to amass a half million bitcoins.

That's actually enough to retire on in many parts of the world.

So, in the event he doesn't pay up. Who are you going to sue this time ?

Yes, he had a meetup at DefCon where he showed up in person. There was a post about it around here somewhere

Okay. So he divulged his name, and told the other dudes enough to make them believe he's the real Pirate ?

Still can't wrap my mind around the fact that people invest with enterprises like his. It seems it's rather easy to fool people if an individual is unscrupulous,
the history is full of examples of this.

Greed is a powerful force, my friend. So powerful it divorces a man from his brain cells on occasion.

[alexanderanon]

Sooo it's 7pm EST and no payouts yet? hrmm..

[ErebusBat]

Sooo it's 7pm EST and no payouts yet? hrmm..

What does EST have to do with anything?  Pirate is in Texas?

[perlboy]

Sooo it's 7pm EST and no payouts yet? hrmm..

What does EST have to do with anything?  Pirate is in Texas?

That's my understanding (Texas). He did say payouts during this week, no doubt he's waiting to hit certain thresholds before starting releases.. Or, he's booking a ticket to the Bahamas.

Stu

[alexanderanon]

Sooo it's 7pm EST and no payouts yet? hrmm..

What does EST have to do with anything?  Pirate is in Texas?

Well regardless, it is late in the day, on the day he promised to begin repayment. He has to be crazy or suicidal to just run off with so much money when everyone knows his identity..

[Piper67]

Sooo it's 7pm EST and no payouts yet? hrmm..

What does EST have to do with anything?  Pirate is in Texas?

Well regardless, it is late in the day, on the day he promised to begin repayment. He has to be crazy or suicidal to just run off with so much money when everyone knows his identity..

Everyone knew Bernie Madoff as well...

[AndrewBUD]

Well he probably has enough to buy a new identity.... I'll sell him mine for 10%



Now boarding flight 782 from Texas to Toronto

[alexanderanon]

He was 70. Pirate is 30. Also, I generally dislike comparisons to bernie madoff. Madoff promised a measly 10% a year for decades, while pirate offered 7% a WEEK. Mining alone makes much more than 10% a year.

[bittenbob]

That's almost 3x what I make at my full time Job. If you can't live comfortably on 100k, there is something seriously wrong with you.

Uhm where isn't it enough to retire? I will retire when I have amassed far less.

5mil is the bare minimum to retire on in the US after inflation considered. You can expect safe income of about 100k a year. That's not really a lot when you think about it. Unless you live in some awful town.

[alexanderanon]

Unless you live in some awful town.

Bitcoiners who don't live on 7th floor Times Square flat: Proletariat scum!

[wachtwoord]

Uhm where isn't it enough to retire? I will retire when I have amassed far less.

5mil is the bare minimum to retire on in the US after inflation considered. You can expect safe income of about 100k a year. That's not really a lot when you think about it. Unless you live in some awful town.

http://earlyretirementextreme.com $200000-$300000 can be enough.

[Bitcoin Oz]

Its cheaper in Mexico. Pirate lives in Texas so its a short trip over the border.

[AndrewBUD]

Its cheaper in Mexico. Pirate lives in Texas so its a short trip over the border.

Place in Quebec near Chicoutimi that I plan to retire..... to lazy to post pic... will (maybe) update later.

[maaku]

He was 70. Pirate is 30.

I thought he was 40