centralized post of pirate payouts-It is over. Pirate@scammer admits default

[notme]

Code:

[04:17] <@pirateat40> I'm handling the process as fast as possible.  At no point did I say it would be fast and easy, I said it would be done.  Thanks for your patience, I'm always watching.  Stay tuned.

Amazing how one could just refund the first few lenders as an act of good faith and just shut us all up. Instead... I think he likes the attention. I admit i find it all amusing though so it is a two way street.

That wouldn't shut you up and you know it.  He'll just wait until he's ready because full repayment is the only thing that will silence the peanut gallery.

But wouldn't a slow start help quiet everyone?

He's either asleep or headed there soon.  10 payments then 8 hours of silence will only create a frenzy.

Notme.. Maybe we are nonchalant about this whole thing because most of us do not send btc to strangers. You sound a bit stressed. Maybe pirate should apologize for his dramatics? It is not us, those who sent him nothing, that started this soap opera. Look in the mirror. You are simply reaping what you sowed.

I'm not worried in the least, just annoyed by people talking out their ass.  I didn't invest more than I can afford to lose, and I've taken out more than I put in.  My pass through customers have already been made whole from my personal funds.  I truly believe I will receive the rest of my funds, but if not I'll be just fine.

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[smoothie]

Code:

[04:17] <@pirateat40> I'm handling the process as fast as possible.  At no point did I say it would be fast and easy, I said it would be done.  Thanks for your patience, I'm always watching.  Stay tuned.

Amazing how one could just refund the first few lenders as an act of good faith and just shut us all up. Instead... I think he likes the attention. I admit i find it all amusing though so it is a two way street.

That wouldn't shut you up and you know it.  He'll just wait until he's ready because full repayment is the only thing that will silence the peanut gallery.

But wouldn't a slow start help quiet everyone?

He's either asleep or headed there soon.  10 payments then 8 hours of silence will only create a frenzy.

Notme.. Maybe we are nonchalant about this whole thing because most of us do not send btc to strangers. You sound a bit stressed. Maybe pirate should apologize for his dramatics? It is not us, those who sent him nothing, that started this soap opera. Look in the mirror. You are simply reaping what you sowed.

I'm not worried in the least, just annoyed by people talking out their ass.  I didn't invest more than I can afford to lose, and I've taken out more than I put in.  My pass through customers have already been made whole from my personal funds.  I truly believe I will receive the rest of my funds, but if not I'll be just fine.

Translation: I participated as a proxie to a possible ponzi scheme and am damn proud of it whether i get my bitcoins from pirate or not because I and my customers at least broke even.

[notme]

Code:

[04:17] <@pirateat40> I'm handling the process as fast as possible.  At no point did I say it would be fast and easy, I said it would be done.  Thanks for your patience, I'm always watching.  Stay tuned.

Amazing how one could just refund the first few lenders as an act of good faith and just shut us all up. Instead... I think he likes the attention. I admit i find it all amusing though so it is a two way street.

That wouldn't shut you up and you know it.  He'll just wait until he's ready because full repayment is the only thing that will silence the peanut gallery.

But wouldn't a slow start help quiet everyone?

He's either asleep or headed there soon.  10 payments then 8 hours of silence will only create a frenzy.

Notme.. Maybe we are nonchalant about this whole thing because most of us do not send btc to strangers. You sound a bit stressed. Maybe pirate should apologize for his dramatics? It is not us, those who sent him nothing, that started this soap opera. Look in the mirror. You are simply reaping what you sowed.

I'm not worried in the least, just annoyed by people talking out their ass.  I didn't invest more than I can afford to lose, and I've taken out more than I put in.  My pass through customers have already been made whole from my personal funds.  I truly believe I will receive the rest of my funds, but if not I'll be just fine.

Translation: I participated as a proxie to a possible ponzi scheme and am damn proud of it whether i get my bitcoins from pirate or not because I and my customers at least broke even.

Cumulatively my customers made 89% ROI.  I will have that beat by a mile when pirate pays me, but for now I'm sitting on a small return.  I did my due diligence and I know how he made his profits.  He could still potentially scam us all, but he has the capacity to pay back in full.

[smoothie]

Code:

[04:17] <@pirateat40> I'm handling the process as fast as possible.  At no point did I say it would be fast and easy, I said it would be done.  Thanks for your patience, I'm always watching.  Stay tuned.

Amazing how one could just refund the first few lenders as an act of good faith and just shut us all up. Instead... I think he likes the attention. I admit i find it all amusing though so it is a two way street.

That wouldn't shut you up and you know it.  He'll just wait until he's ready because full repayment is the only thing that will silence the peanut gallery.

But wouldn't a slow start help quiet everyone?

He's either asleep or headed there soon.  10 payments then 8 hours of silence will only create a frenzy.

Notme.. Maybe we are nonchalant about this whole thing because most of us do not send btc to strangers. You sound a bit stressed. Maybe pirate should apologize for his dramatics? It is not us, those who sent him nothing, that started this soap opera. Look in the mirror. You are simply reaping what you sowed.

I'm not worried in the least, just annoyed by people talking out their ass.  I didn't invest more than I can afford to lose, and I've taken out more than I put in.  My pass through customers have already been made whole from my personal funds.  I truly believe I will receive the rest of my funds, but if not I'll be just fine.

Translation: I participated as a proxie to a possible ponzi scheme and am damn proud of it whether i get my bitcoins from pirate or not because I and my customers at least broke even.

Cumulatively my customers made 89% ROI.  I will have that beat by a mile when pirate pays me, but for now I'm sitting on a small return.  I did my due diligence and I know how he made his profits.  He could still potentially scam us all, but he has the capacity to pay back in full.

Translation: I'm okay with my small profits at the expense of others losing in this possibly criminalistic endeavour.

[racerguy]

Code:

[04:17] <@pirateat40> I'm handling the process as fast as possible.  At no point did I say it would be fast and easy, I said it would be done.  Thanks for your patience, I'm always watching.  Stay tuned.

Amazing how one could just refund the first few lenders as an act of good faith and just shut us all up. Instead... I think he likes the attention. I admit i find it all amusing though so it is a two way street.

That wouldn't shut you up and you know it.  He'll just wait until he's ready because full repayment is the only thing that will silence the peanut gallery.

But wouldn't a slow start help quiet everyone?

He's either asleep or headed there soon.  10 payments then 8 hours of silence will only create a frenzy.

Notme.. Maybe we are nonchalant about this whole thing because most of us do not send btc to strangers. You sound a bit stressed. Maybe pirate should apologize for his dramatics? It is not us, those who sent him nothing, that started this soap opera. Look in the mirror. You are simply reaping what you sowed.

I'm not worried in the least, just annoyed by people talking out their ass.  I didn't invest more than I can afford to lose, and I've taken out more than I put in.  My pass through customers have already been made whole from my personal funds.  I truly believe I will receive the rest of my funds, but if not I'll be just fine.

Translation: I participated as a proxie to a possible ponzi scheme and am damn proud of it whether i get my bitcoins from pirate or not because I and my customers at least broke even.

Cumulatively my customers made 89% ROI.  I will have that beat by a mile when pirate pays me, but for now I'm sitting on a small return.  I did my due diligence and I know how he made his profits.  He could still potentially scam us all, but he has the capacity to pay back in full.

Translation: I'm okay with my small profits at the expense of others losing in this possibly criminalistic endeavour.

you're an idiot.
translation: you're an idiot.

[Timbert33]

Code:

[04:17] <@pirateat40> I'm handling the process as fast as possible.  At no point did I say it would be fast and easy, I said it would be done.  Thanks for your patience, I'm always watching.  Stay tuned.

Amazing how one could just refund the first few lenders as an act of good faith and just shut us all up. Instead... I think he likes the attention. I admit i find it all amusing though so it is a two way street.

That wouldn't shut you up and you know it.  He'll just wait until he's ready because full repayment is the only thing that will silence the peanut gallery.

But wouldn't a slow start help quiet everyone?

He's either asleep or headed there soon.  10 payments then 8 hours of silence will only create a frenzy.

Notme.. Maybe we are nonchalant about this whole thing because most of us do not send btc to strangers. You sound a bit stressed. Maybe pirate should apologize for his dramatics? It is not us, those who sent him nothing, that started this soap opera. Look in the mirror. You are simply reaping what you sowed.

I'm not worried in the least, just annoyed by people talking out their ass.  I didn't invest more than I can afford to lose, and I've taken out more than I put in.  My pass through customers have already been made whole from my personal funds.  I truly believe I will receive the rest of my funds, but if not I'll be just fine.

Translation: I participated as a proxie to a possible ponzi scheme and am damn proud of it whether i get my bitcoins from pirate or not because I and my customers at least broke even.

Cumulatively my customers made 89% ROI.  I will have that beat by a mile when pirate pays me, but for now I'm sitting on a small return.  I did my due diligence and I know how he made his profits.  He could still potentially scam us all, but he has the capacity to pay back in full.

A pretty intelligent person pointed out the very obvious to me. He told me that it's almost impossible to have a business (even illegal) return 7% per week to pay that interest back, and if you COULD get that return, you would be paying back interest immediately and not letting it compound, so you would make much more profit in the long run. Why would pirate continue to grow his "fund" (and therefore pay more and more in interest over time) if he had a profitable business and could pay back his investors?

Oh wait... there's no answer for that because all this shit was a scam/ponzi. Derp.

[mobodick]

Everything seems to be in order.

But I found the supply chain. 



Hope it's gonna last this week....

[niko]

I was hoping to learn if folks are getting their funds back or not. Anyone?

[mobodick]

I was hoping to learn if folks are getting their funds back or not. Anyone?

Look deep into your heart and ask your question again.
You'll know the right answer.

[niko]

I was hoping to learn if folks are getting their funds back or not. Anyone?

Look deep into your heart and ask your question again.
You'll know the right answer.

I'd still like to hear it from them 

[ElectricMucus]

I was hoping to learn if folks are getting their funds back or not. Anyone?

Look deep into your heart and ask your question again.
You'll know the right answer.

I'd still like to hear it from them 

If anybody gets it back they'd be bragging all over the forum. Hard to miss.

[Mageant]

People from both sides of the ponzi/no ponzi argument seem so convinced of themselves. One only side can be right though. It's hard to believe they're sharing the same reality.

[Timbert33]

People from both sides of the ponzi/no ponzi argument seem so convinced of themselves. One only side can be right though. It's hard to believe they're sharing the same reality.

And which side are you on? I think the most damning evidence is that no one can name a business that makes sustained profits of greater than 7% weekly (to pay all that interest), and would continue to grow it's principal balance to millions of dollars instead of paying the interest and principal back and keeping all the business profits for themselves.

[drakahn]

People from both sides of the ponzi/no ponzi argument seem so convinced of themselves. One only side can be right though. It's hard to believe they're sharing the same reality.

Schroedinger's ponzi?


also to timbert, "OMG I DON'T KNOW ANYTHING!" is not "damning evidence"

[Timbert33]

People from both sides of the ponzi/no ponzi argument seem so convinced of themselves. One only side can be right though. It's hard to believe they're sharing the same reality.

Schroedinger's ponzi?


also to timbert, "OMG I DON'T KNOW ANYTHING!" is not "damning evidence"

Well, it's impossible to make 7% weekly interest for an extended period, so there's no way he's paying back. If you have some evidence in the history of the world where a business has grown AT LEAST at that rate (it'd have to be higher for him to also profit), then please show me it. This is to the point of fiscal impossibility, and therefore it's pretty damning evidence. I don't think "OMG I DON'T KNOW ANYTHING!" is a good summation of what I've written so far, but good try buddy.

AND to make it even more obvious, he would have paid back his loan and principal to own that business and make more money for himself if it was real.


quick edit: There is the possibility of a business growing at 7% weekly in its infancy, but now that pirate's fund broke 500k btc ($5MM), it's pretty damn unrealistic. Basically the odds are OVERWHELMINGLY in favor of this being a scam, but we'll see for sure in a week.

[Piper67]

People from both sides of the ponzi/no ponzi argument seem so convinced of themselves. One only side can be right though. It's hard to believe they're sharing the same reality.

Schroedinger's ponzi?


also to timbert, "OMG I DON'T KNOW ANYTHING!" is not "damning evidence"

Well, it's impossible to make 7% weekly interest for an extended period, so there's no way he's paying back. If you have some evidence in the history of the world where a business has grown AT LEAST at that rate (it'd have to be higher for him to also profit), then please show me it. This is to the point of fiscal impossibility, and therefore it's pretty damning evidence. I don't think "OMG I DON'T KNOW ANYTHING!" is a good summation of what I've written so far, but good try buddy.

AND to make it even more obvious, he would have paid back his loan and principal to own that business and make more money for himself if it was real.

Forget about business, any system that grows at 7% per cycle will essentially double every 10 cycles. We've known that to be unsustainable since the days of the grains on wheat on the chessboard... that's why I wonder is there's any evidence for pirate holding 500k BTC beyond him saying so. I find it hard to believe that people would fall for this to the tune of a half million BTC.

[Timbert33]

People from both sides of the ponzi/no ponzi argument seem so convinced of themselves. One only side can be right though. It's hard to believe they're sharing the same reality.

Schroedinger's ponzi?


also to timbert, "OMG I DON'T KNOW ANYTHING!" is not "damning evidence"

Well, it's impossible to make 7% weekly interest for an extended period, so there's no way he's paying back. If you have some evidence in the history of the world where a business has grown AT LEAST at that rate (it'd have to be higher for him to also profit), then please show me it. This is to the point of fiscal impossibility, and therefore it's pretty damning evidence. I don't think "OMG I DON'T KNOW ANYTHING!" is a good summation of what I've written so far, but good try buddy.

AND to make it even more obvious, he would have paid back his loan and principal to own that business and make more money for himself if it was real.

Forget about business, any system that grows at 7% per cycle will essentially double every 10 cycles. We've known that to be unsustainable since the days of the grains on wheat on the chessboard... that's why I wonder is there's any evidence for pirate holding 500k BTC beyond him saying so. I find it hard to believe that people would fall for this to the tune of a half million BTC.

Yeah, it's feasible for some illegal businesses in their infancy, but it's not feasible for an extended period, clearly. The 500k BTC wallet was in that thread of the 500 largest BTC holders. It's possible that it did not belong to pirate, though, that may have just been a guess, but it seems to fit together.

[drakahn]

Assumptions and stupidity

You don't know shit so stop talking as if you do.

[Piper67]

People from both sides of the ponzi/no ponzi argument seem so convinced of themselves. One only side can be right though. It's hard to believe they're sharing the same reality.

Schroedinger's ponzi?


also to timbert, "OMG I DON'T KNOW ANYTHING!" is not "damning evidence"

Well, it's impossible to make 7% weekly interest for an extended period, so there's no way he's paying back. If you have some evidence in the history of the world where a business has grown AT LEAST at that rate (it'd have to be higher for him to also profit), then please show me it. This is to the point of fiscal impossibility, and therefore it's pretty damning evidence. I don't think "OMG I DON'T KNOW ANYTHING!" is a good summation of what I've written so far, but good try buddy.

AND to make it even more obvious, he would have paid back his loan and principal to own that business and make more money for himself if it was real.

Forget about business, any system that grows at 7% per cycle will essentially double every 10 cycles. We've known that to be unsustainable since the days of the grains on wheat on the chessboard... that's why I wonder is there's any evidence for pirate holding 500k BTC beyond him saying so. I find it hard to believe that people would fall for this to the tune of a half million BTC.

Yeah, it's feasible for some illegal businesses in their infancy, but it's not feasible for an extended period, clearly. The 500k BTC wallet was in that thread of the 500 largest BTC holders. It's possible that it did not belong to pirate, though, that may have just been a guess, but it seems to fit together.

It would've been a pretty trivial thing for him to prove he controls that wallet, though. There are several other explanations for a 500k BTC wallet around. I think people believing pirate controls half a million BTC is very much part of his plan... my guess, there aren't 500k BTC worth of stupid 

[kentrolla]

maybe pirate is just a really nice guy and he wanted to give away a lot of money.