The pirate speaks

[thebaron]

I am starting to think he does have a lawyer but not to protect him but to help figure out how to run.

If he is a scammer, he would have to be extremely stupid to not have already run off before he announced that he was closing up shop.

[tbcoin]

If he is a scammer, would have already gone and all he has done until now was not necessary.
If he lost all bitcoins in a bad business, we will not recover it with a lawsuit.
If money is frozen for a bad decision, we will not recover faster with a lawsuit.

I would expect the 12, to see what happens.

[the_thing]

If he is a scammer, would have already gone and all he has done until now was not necessary.
If he lost all bitcoins in a bad business, we will not recover it with a lawsuit.
If money is frozen for a bad decision, we will not recover faster with a lawsuit.

I would expect the 12, to see what happens.

It's called denial.
Don't worry, you'll get over it eventually. I think.

[tbcoin]

If he is a scammer, would have already gone and all he has done until now was not necessary.
If he lost all bitcoins in a bad business, we will not recover it with a lawsuit.
If money is frozen for a bad decision, we will not recover faster with a lawsuit.

I would expect the 12, to see what happens.

It's called denial.
Don't worry, you'll get over it eventually. I think.

I have no hurry.

[Nolo]

<@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment.


I would be fascinated to know on what legal ground, he believes this statement is enforceable. 

Let's use a little common sense.  He is essentially taking the position of "I know I breached this contract with you. But if you sue me for breach of contract I will never pay you!" 

Good luck with that. 

[BCMan]

 Burn the bitch!

[yochdog]

<@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment.


I would be fascinated to know on what legal ground, he believes this statement is enforceable. 

Let's use a little common sense.  He is essentially taking the position of "I know I breached this contract with you. But if you sue me for breach of contract I will never pay you!" 

Good luck with that. 

What contract?  Does anyone actually have a signed contract?  A loan document?  Even a promissory note?  

[tbcoin]

<@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment.


I would be fascinated to know on what legal ground, he believes this statement is enforceable. 

Let's use a little common sense.  He is essentially taking the position of "I know I breached this contract with you. But if you sue me for breach of contract I will never pay you!" 

Good luck with that. 

I see it logic from the point of view that if you file a suit against me for unpaid, I can't pay you until the legal process is over.So you're excluded from any payments starting from that date.

[Nolo]

<@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment.


I would be fascinated to know on what legal ground, he believes this statement is enforceable. 

Let's use a little common sense.  He is essentially taking the position of "I know I breached this contract with you. But if you sue me for breach of contract I will never pay you!" 

Good luck with that. 

What contract?  Does anyone actually have a signed contract?  A loan document?  Even a promissory note?  

I was just using the contract statement as an analogy.  I could of used a tort reference.  "I know I hit you with my car.  But if you sue me I won't pay your medical bills!"

But since you brought up the contract thing, a contract doesn't have to be in writing.  There are only a few exceptions to this rule, and this is referred to as the Statute of Frauds.  Namely, contracts for the sale of goods in excess of $500, contracts that cannot be performed within 1 year, and contracts for the sale/purchase of real estate.

So there might be a breach of contract claim based on conduct.  

[Nolo]

<@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment.


I would be fascinated to know on what legal ground, he believes this statement is enforceable. 

Let's use a little common sense.  He is essentially taking the position of "I know I breached this contract with you. But if you sue me for breach of contract I will never pay you!" 

Good luck with that. 

I see it logic from the point of view that if you file a suit against me for unpaid, I can't pay you until the legal process is over.So you're excluded from any payments starting from that date.

Possibly, but that's not how I took it from the context of his statement.  Plus, even if that were the case, if I filed a lawsuit against him I'm free to dismiss it at anytime I want.  So if he started paying people I could always drop the suit. 

He's basically just trying to use a scare tactic to try to keep people from filing suits against him. 

[tbcoin]

<@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment.


I would be fascinated to know on what legal ground, he believes this statement is enforceable. 

Let's use a little common sense.  He is essentially taking the position of "I know I breached this contract with you. But if you sue me for breach of contract I will never pay you!" 

Good luck with that. 

I see it logic from the point of view that if you file a suit against me for unpaid, I can't pay you until the legal process is over.So you're excluded from any payments starting from that date.

Possibly, but that's not how I took it from the context of his statement.  Plus, even if that were the case, if I filed a lawsuit against him I'm free to dismiss it at anytime I want.  So if he started paying people I could always drop the suit. 

He's basically just trying to use a scare tactic to try to keep people from filing suits against him. 

(Obviously I'm a believer  )

If he's trying to pay, do not blame him for try don't have problems with authority.

In addition is possible that there things of questionable legality that a lawsuit ( even if removed ) could uncover, that would be bad for everyone.

[Nolo]

<@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment.


I would be fascinated to know on what legal ground, he believes this statement is enforceable. 

Let's use a little common sense.  He is essentially taking the position of "I know I breached this contract with you. But if you sue me for breach of contract I will never pay you!" 

Good luck with that. 

I see it logic from the point of view that if you file a suit against me for unpaid, I can't pay you until the legal process is over.So you're excluded from any payments starting from that date.

Possibly, but that's not how I took it from the context of his statement.  Plus, even if that were the case, if I filed a lawsuit against him I'm free to dismiss it at anytime I want.  So if he started paying people I could always drop the suit. 

He's basically just trying to use a scare tactic to try to keep people from filing suits against him. 

(Obviously I'm a believer  )

If he's trying to pay, do not blame him for try don't have problems with authority.

In addition is possible that there things of questionable legality that a lawsuit ( even if removed ) could uncover, that would be bad for everyone.

Well I think it's a positive that he hasn't completely disappeared off the face of the Earth yet, never to be heard from again.  So hopefully he does follow through. 

[thebaron]

What contract?  Does anyone actually have a signed contract?  A loan document?  Even a promissory note? 

I'm pretty sure accepting consideration is considered a contract.

[muyuu]

I almost feel bad about having principles and not taking advantage of all these idiots. This guy is playing the Ponzi scam book line by line. This is so easy it's insane.

[repentance]

What contract?  Does anyone actually have a signed contract?  A loan document?  Even a promissory note? 

I'm pretty sure accepting consideration is considered a contract.

Only some people have contracts with pirate, many others have contracts with the PPT operators.  While people can probably prove the elements of offer, acceptance and consideration, there could still be problems with enforcing.  Courts will not enforce contracts for things which are illegal in their jurisdiction, so some (or even all) aspects of the contracts people have with pirate or the PPT operators may be unenforceable.  It is up to the plaintiffs to prove their claims and that means proving that pirate controlled the addresses to which they sent their BTC.

[the_thing]

I almost feel bad about having principles and not taking advantage of all these idiots. This guy is playing the Ponzi scam book line by line. This is so easy it's insane.

You'd have to wait for some time though. Right now the community is in the phase of moral hangover. When the pirate thing finally fades out, they'll be all bullish for ponzi schemes (and other scams) again.

I don't feel bad. I am disgusted, disappointed and ashamed of other people's idiocy. Even NOW there are still people who still trust pirate at least to some extent. I mean... how is that even possible? They must be completely, utterly retarded, for christ's sake! Only the fact that they've lost large sums of money provides me a little satisfaction. Anyway, I'm enraged. I'm trying to laugh it off, but I guess this is just too much for me.

I guess the quote in my sig pretty much sums it up. Fucking greed is in all of you. And you don't know how to control it yet.

/rant

[nebulus]

I almost feel bad about having principles and not taking advantage of all these idiots. This guy is playing the Ponzi scam book line by line. This is so easy it's insane.

Are you suggesting stop trying to get justice?

[notme]

<@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment.


I would be fascinated to know on what legal ground, he believes this statement is enforceable. 

Let's use a little common sense.  He is essentially taking the position of "I know I breached this contract with you. But if you sue me for breach of contract I will never pay you!" 

Good luck with that. 

What contract?  Does anyone actually have a signed contract?  A loan document?  Even a promissory note?  

Does this count?

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Loan - Storage
notme

By investing with pirateat40 (Trendon Shavers) you agree to allow your coins to be traded or sold at anytime to anyone. Your balance will remain unchanged regardless if there are pending transactions conducted by pirateat40. In return you will be paid 1% per day in interest that will be paid out every 3 days starting on your deposit date.  In the event you wish to withdraw your funds you must make a request via IRC or email (trendon@buscog.com).  You will receive the your withdraw within 24 hours, minus any interest earned until the next interest payout date.

Your deposit address is 1RyHc22Ma7UZDjjG1pdQREhA4bbAZPHZG

pirateat40

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[sgravina]

I almost feel bad about having principles and not taking advantage of all these idiots. This guy is playing the Ponzi scam book line by line. This is so easy it's insane.

Go ahead try it.  I think you will fail.  It's not easy.  In fact it looks like it was difficult.  If pirateat40 was running a ponzi I don't think his return on effort was all that much.  And his return gets worse as time passes.

Classic Ponzi schemes have a negative return on effort.

• Bernie Madoff worked for full time for 20 years on his business and recovered nothing.  His son killed himself and he got a 150 year prison sentence.
• Charles Ponzi work full time on his business for 2 years and recovered nothing.  He spent 14 years in prision and was then deported to Italy.  He died in poverty.

[tbcoin]

I almost feel bad about having principles and not taking advantage of all these idiots. This guy is playing the Ponzi scam book line by line. This is so easy it's insane.

You'd have to wait for some time though. Right now the community is in the phase of moral hangover. When the pirate thing finally fades out, they'll be all bullish for ponzi schemes (and other scams) again.

I don't feel bad. I am disgusted, disappointed and ashamed of other people's idiocy. Even NOW there are still people who still trust pirate at least to some extent. I mean... how is that even possible? They must be completely, utterly retarded, for christ's sake! Only the fact that they've lost large sums of money provides me a little satisfaction. Anyway, I'm enraged. I'm trying to laugh it off, but I guess this is just too much for me.

I guess the quote in my sig pretty much sums it up. Fucking greed is in all of you. And you don't know how to control it yet.

/rant

I do not understand people who have nothing to do with pirate and are fucking around these threads, like with bitcoinica, etc.

The whole community is focused on the money ... bitcoin is money and BTCST seemed a good investment, want it back is not greed.