The pirate ponzi fiasco

[Snapman]

Well, time to break out the bubbly, its official.

You guys got ripped off... Same with you pass-throughers, gotta have some real balls to build a pt over a ponzi scheme.

[1715337644]

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[1715337644]

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[cryptoanarchist]

and yet they still haven't given him the scammer tag.  WTF !!!

[Snapman]

Seriously...

If anybody else would have pulled this crap, they would have been stopped after a few days by either admins or the community as a whole, but the greed just took you bastards for a ride...... welcome to hell.

The bitch is, i can see it now, the first thing all the pass through owners will do is point out the section of the "contract" that leaves them 100% non-liable for the losses.

[Sp0tter]

The bitch is, i can see it now, all the pass through owners will point out the section of the "contract" that leaves them 100% non-liable for the losses.

Nobody disputes that the pass through owners are blameless.  They all made it very clear up front that whatever happens happens..

[Snapman]

True, they can always fall back on something. Still though, those poor greedy bastards... (Come on, you got to admit it, 7% weekly?!?! are you shitting me)

Need to make a new label, instead of scammer or member, put "T3h Greed 0wnz Me"

Not just for the passthrough users, but for all bs&t investors.

[theymos]

and yet they still haven't given him the scammer tag.  WTF !!!

There are still some very reasonable people who think he'll pay back most/all of the BTC. If he loses both Matthew's bet and Vandroiy's bet and he hasn't at least started a reasonable repayment plan, I'll give him the scammer tag. (It's only symbolic at this point, anyway -- no one's going to be tricked into trading with someone involved in such a high-profile controversy.)

Passthrough operators will not get scammer tags unless they broke explicit contracts.

[Snapman]

and yet they still haven't given him the scammer tag.   WTF !!!

There are still some very reasonable people who think he'll pay back most/all of the BTC. If he loses both Matthew's bet and Vandroiy's bet and he hasn't at least started a reasonable repayment plan, I'll give him the scammer tag. (It's only symbolic at this point, anyway -- no one's going to be tricked into trading with someone involved in such a high-profile controversy.)

Passthrough operators will not get scammer tags unless they broke explicit contracts.

The key word of your statment.... they "THINK" he will pay back, so far thinking hasn't done much all that good. We all thought pirate was a truthworthy fellow, and we all see how that went.

Thinking doesnt pay the bills (unless your using your ideas for movies like porno), hell it doesnt even mine bitcoin.... Thinking only makes 7% possible for a short period of time

Then in comes the 100% pirate bankers fee....

[proudhon]

Pirate's recent announcement doesn't add any new information to what was already known before he made the announcement.  His declaration that he is in default is more than a week late.  It was already an indisputable fact that he was in default.

[theymos]

BTW, the forum has lots of good IP addresses logged for pirateat40 (he never used Tor) and 4077 PMs to/from him. This should help the investigation. I'd prefer to release this stuff privately to police, though I may release it publicly in a few months if no police officers contact me about it.

[imsaguy]

Hopefully

and yet they still haven't given him the scammer tag.  WTF !!!

There are still some very reasonable people who think he'll pay back most/all of the BTC. If he loses both Matthew's bet and Vandroiy's bet and he hasn't at least started a reasonable repayment plan, I'll give him the scammer tag. (It's only symbolic at this point, anyway -- no one's going to be tricked into trading with someone involved in such a high-profile controversy.)

Passthrough operators will not get scammer tags unless they broke explicit contracts.

happens and then

BTW, the forum has lots of good IP addresses logged for pirateat40 (he never used Tor) and 4077 PMs to/from him. This should help the investigation. I'd prefer to release this stuff privately to police, though I may release it publicly in a few months if no police officers contact me about it.

won't be needed.

[Atheros]

BTW, the forum has lots of good IP addresses logged for pirateat40 (he never used Tor) and 4077 PMs to/from him. This should help the investigation. I'd prefer to release this stuff privately to police, though I may release it publicly in a few months if no police officers contact me about it.

I did expect that you were keeping a curious eye on how he was connecting to the forum. I thought about whether you would alert the forum if he were connecting through Tor; I guess I still don't know if you would have!

[Snapman]

BTW, the forum has lots of good IP addresses logged for pirateat40 (he never used Tor) and 4077 PMs to/from him. This should help the investigation. I'd prefer to release this stuff privately to police, though I may release it publicly in a few months if no police officers contact me about it.

You will get the same run around so many others have been getting, Bitcoins arent under their jurisdiction.

[Fluttershy]

Matthew seems to have gone quiet. Maybe he's realized how much money he's losing on Pirate.

[evolve]

Nah, hes in another thread still taking bets.

[repentance]

BTW, the forum has lots of good IP addresses logged for pirateat40 (he never used Tor) and 4077 PMs to/from him. This should help the investigation. I'd prefer to release this stuff privately to police, though I may release it publicly in a few months if no police officers contact me about it.

You will get the same run around so many others have been getting, Bitcoins arent under their jurisdiction.

I've yet to see a single post from anyone who has contacted their state/country's financial/computer crimes/financial intelligence authority and been told that a Bitcoin scam/theft isn't under anyone's jurisdiction.  At the moment, the question is whether this is a straight up civil issue or whether it's an actual fraud/theft.  If people believe it's a ponzi, then they should be reporting it to whoever handles ponzi investigations in their jurisdiction.

If I was totally convinced I'd never see any of my money and simply wanted to fuck up his shit, I'd be reporting him to FinCEN for probable money laundering, the IRS for probable tax evasion and whoever handles racketeering investigations for probable RICO offences.  

People might use the "but Bitcoin" excuse for not reporting shit to the authorities, but it's likely because in many cases they don't want their own financial dealings put under scrutiny - kind of like people don't go to the police when their drug dealer rips them off.

[Snapman]

Are You Not Entertained?

http://www.youtube.com/watch?v=FsqJFIJ5lLs

If RICO was brought in, they would take out half the users in this forum....

[Bitcoin Oz]

Are You Not Entertained?

http://www.youtube.com/watch?v=FsqJFIJ5lLs

If RICO was brought in, they would take out half the users in this forum....

Yeah they would go further than just this one scam and declare bitcoin itself as a money laundering vehicle.

[repentance]

Are You Not Entertained?

http://www.youtube.com/watch?v=FsqJFIJ5lLs

If RICO was brought in, they would take out half the users in this forum....

Off course.  Those operating large scale scams know damned well that many of their users are evading tax or committing other financial offences and are therefore highly unlikely to go crying to the authorities.  

[swissmate]

I think that being 4 days offline is enough to call him a scammer as he should be at least 24 hours after all this.

[repentance]

I think that being 4 days offline is enough to call him a scammer as he should be at least 24 hours after all this.

He's been online.