The pirate and the SEC - Alleged e-mails.

[fbastage]

I think there's far too much going on in modern times for people to know much of anything.  All that, AND the glut of entertainment and luxury that we live in.  It's disappointing sometimes, but makes a lot of sense.

That's my excuse, anyway.

(and I feel bad for getting into this AIG thing and getting off topic of the thread's original purpose)

[danieldaniel]

People who did not get the joke, buy and read The Big Short before posting again.

I only read, like, the first half of it and I get it.

* danieldaniel laughs

Yeah, but someone must have spoiled the ending for you.

Nope.  I just know that they were insuring peoples mortgages who ended up not paying them back.

You didn't notice that whole housing bubble, recession, bank crash thing in the news?

I was so young!  I didn't really care back then.  All I cared about is whether I could get that new iPride.

[danieldaniel]

Its sad to see there's people that still have the response that danieldaniel had, ignorance is bliss am i right?

Im not attacking you personally daniel, im just stating that your conditioning from living within the states is showing.

No offense taken, and I completely understand.  However, I wouldn't consider myself ignorant on what happened.  I was more trolling when I laughed than anything.

I do, mostly, understand what happened.  Banks were making really shitty loans to people who wouldn't pay back, then AIG insured everything (I know this isn't everything; trying to be concise).

And I lied about the no offense taken, I was offended, I just understand that from what you read I may have appeared ignorant on the situation.  Also, if you don't believe that I was trolling, take a look at the #bitcoin-otc logs... I troll.  A lot.

[BitcoinINV]

I am a Marine "once a Marine always a Marine" I got my booklet from Marine Federal Credit Union today they issue once every 4 months. I open it up and behold Zeek Rewards scheme lexington NC lol. Just thought it was funny and would share that fact.

[Raoul Duke]

I got exactly the same email an hour ago...
Here is the full copy: http://pastie.org/4791945

- Anyone know what is this about?
- How did they got my email address?

I didn't invest with Pirate, so I honestly don't know why I am receiving this anyways.

Did you give him a rating on OTC?  It seems that everyone getting it so far has rated Pirate on OTC.

I have received this email, from a legitimate .gov address. AFAIK they got my address from OTC somehow... I rated him -10 for "defaulted on large loan."

Not sure if I agree with you. I also rated him -10 and my email can be found on my public key(just like yours) and I didn't get any email.

[nimda]

I got exactly the same email an hour ago...
Here is the full copy: http://pastie.org/4791945

- Anyone know what is this about?
- How did they got my email address?

I didn't invest with Pirate, so I honestly don't know why I am receiving this anyways.

Did you give him a rating on OTC?  It seems that everyone getting it so far has rated Pirate on OTC.

I have received this email, from a legitimate .gov address. AFAIK they got my address from OTC somehow... I rated him -10 for "defaulted on large loan."

Not sure if I agree with you. I also rated him -10 and my email can be found on my public key(just like yours) and I didn't get any email.

Don't know what to tell you :/

[onesalt]

Don't ask for a bitcoin economy which isn't regulated or enforced by anyone or anything then expect the government of the united states of america (who all of you apparently detest with a vengeance) to bail you out.

Just saying it's extremely hypocritical and makes libertarians look even more like a bunch of whiners.

[reeses]

Don't ask for a bitcoin economy which isn't regulated or enforced by anyone or anything then expect the government of the united states of america (who all of you apparently detest with a vengeance) to bail you out.

Just saying it's extremely hypocritical and makes libertarians look even more like a bunch of whiners.

There are no libertarians.

People get upset about the government (of any country, but the USA > rest of solar system) but it's just a bunch of people.  Believing that many people with their own motives and incentives are "aligned" with any single agenda is kind of silly and juvenile.  Of course they're going to be whiners.

The government is just emergent behavior.

[LoupGaroux]

A little gasoline for this fire?

Anybody remember when the wheels were coming off this pirate thing how he was demanding all investor's details through his secret group of Pass Through Pimps on OTC? Remember seeing those logs where he demand individual contact and account details?

Anybody want to take a guess why those might have been important now? Think maybe somebody was already selling his ass to the SEC? Think maybe pirate has a relationship with the SEC and/or the DEA since he has ties with SR?

[Tomatocage]

A little gasoline for this fire?

Anybody remember when the wheels were coming off this pirate thing how he was demanding all investor's details through his secret group of Pass Through Pimps on OTC? Remember seeing those logs where he demand individual contact and account details?

Anybody want to take a guess why those might have been important now? Think maybe somebody was already selling his ass to the SEC? Think maybe pirate has a relationship with the SEC and/or the DEA since he has ties with SR?

Yup.  It was pretty much apparent he was working with the feds at that point.  There was absolutely no reason why he would have needed that info for anything else.  If he really wanted to pay people back, he could have just put up a 1.00 BTC bid wall for the pass-through securities.  It was painfully apparent that he had no intention of paying anything back.

[ArticMine]

A little gasoline for this fire?

Anybody remember when the wheels were coming off this pirate thing how he was demanding all investor's details through his secret group of Pass Through Pimps on OTC? Remember seeing those logs where he demand individual contact and account details?

Anybody want to take a guess why those might have been important now? Think maybe somebody was already selling his ass to the SEC? Think maybe pirate has a relationship with the SEC and/or the DEA since he has ties with SR?

The amount of information pirateat40 was requesting was just enough for him to pay the investors directly and fell far short of what the IRS routinely requires a payer in the United States to collect. My conclusions were that pirateat40's motivation here although sinister had little to do with any US government agency.

By the way the SEC not withstanding I do not believe we have heard the last of pirateat40 and his attempted manipulations of the Bitcoin market.

[chris200x9]

And here I thought these forums were caveat emptor.  The moment you lose, though, you run crying to the Big Government you hate so much to clean up your mess for you.  I guess you'll start paying taxes on your bitcoin earnings now that you're defending them with federal socialized resources.

This. Bitcoin is not a government backed currency, that's cool and all, but then why should the government give a flip about it? I mean no one is really paying taxes on bitcoin. I'm not here to talk about the inherent value fiat currency or anything, fiat currency and bitcoins are equally worthless. The government is backing their fiat currency however, so they can apply whatever rules they want to it, bitcoin has no backer and thus no rules.

This whole situation reminds me of the simpsons episode where homer is sent out to hide as a missionary. When trying to get out of becoming a missionary he says "but I don't even believe in Jebus" but the reverend shoves him on the plane anyway, as the plane is taking off homer yells "HELP ME JEBUS!"

[fbastage]

bitcoin has no backer and thus no rules.

bitcoin, like anything of value, has some inherent 'rules' (even if they're not RULES, still expectations, and laws that apply to it).  If you steal, you're breaking one of those rules.

and governments are charged with maintaining law and order, and should do so whether or not they benefit from taxation of a certain resource.  imo.

[chris200x9]

bitcoin has no backer and thus no rules.

bitcoin, like anything of value, has some inherent 'rules' (even if they're not RULES, still expectations, and laws that apply to it).  If you steal, you're breaking one of those rules.

and governments are charged with maintaining law and order, and should do so whether or not they benefit from taxation of a certain resource.  imo.

fair enough, still why is it the SEC? This is on par with defrauding people of millions of pokemon cards.

[fbastage]

fair enough, still why is it the SEC? This is on par with defrauding people of millions of pokemon cards.

I guess that's up to the SEC to decide or argue that it's in their jurisdiction.  It seems they may have initiated this on their side.  I think it could very well apply, though I imagine the community of bitcoiners won't all agree on if it's a good precedent.  That's a whole other story, though.

[MrTeal]

bitcoin has no backer and thus no rules.

bitcoin, like anything of value, has some inherent 'rules' (even if they're not RULES, still expectations, and laws that apply to it).  If you steal, you're breaking one of those rules.

and governments are charged with maintaining law and order, and should do so whether or not they benefit from taxation of a certain resource.  imo.

fair enough, still why is it the SEC? This is on par with defrauding people of millions of pokemon cards.

Defrauding people millions of pokemon cards - Not SEC
Setting up unregistered pokemon card securities and selling them to unsophisticated investors - Possibly SEC.

[repentance]

For those who don't follow the mining forums.

Per the #gpumax channel topic on freenode:

<pirateat40> GPUMAX will be down on 10/08 at 12:00 AM CST.  The system may or may not come back up depending on the new owners.

Screenshot from reddit

https://i.imgur.com/yJV70.png

[smoothie]

For those who don't follow the mining forums.

Per the #gpumax channel topic on freenode:

<pirateat40> GPUMAX will be down on 10/08 at 12:00 AM CST.  The system may or may not come back up depending on the new owners.

Screenshot from reddit

https://i.imgur.com/yJV70.png

So the owners of GPUMAX are selling?

Wow...lol what bullshit....both entities were linked through financial means for sure.

[Bitcoin Oz]

And here I thought these forums were caveat emptor.  The moment you lose, though, you run crying to the Big Government you hate so much to clean up your mess for you.  I guess you'll start paying taxes on your bitcoin earnings now that you're defending them with federal socialized resources.

This. Bitcoin is not a government backed currency, that's cool and all, but then why should the government give a flip about it? I mean no one is really paying taxes on bitcoin. I'm not here to talk about the inherent value fiat currency or anything, fiat currency and bitcoins are equally worthless. The government is backing their fiat currency however, so they can apply whatever rules they want to it, bitcoin has no backer and thus no rules.

This whole situation reminds me of the simpsons episode where homer is sent out to hide as a missionary. When trying to get out of becoming a missionary he says "but I don't even believe in Jebus" but the reverend shoves him on the plane anyway, as the plane is taking off homer yells "HELP ME JEBUS!"

Do you really want people killing each other because there is no other way to get justice ? Governments are supposed to exist to provide a justice system at least so people dont resort to pulling guns on each other. Absent this check and balance you get warlordism and "natural justice", eye for an eye kind of thing. You cant  tell people not to do that sort of justice if at the same time you wont let them use the government...

[Bitcoin Oz]

bitcoin has no backer and thus no rules.

bitcoin, like anything of value, has some inherent 'rules' (even if they're not RULES, still expectations, and laws that apply to it).  If you steal, you're breaking one of those rules.

and governments are charged with maintaining law and order, and should do so whether or not they benefit from taxation of a certain resource.  imo.

fair enough, still why is it the SEC? This is on par with defrauding people of millions of pokemon cards.

Defrauding people millions of pokemon cards - Not SEC
Setting up unregistered pokemon card securities and selling them to unsophisticated investors - Possibly SEC.

Ironically if the SEC shuts down glbse and prevents the remaining securities from managing their shareholders that will cause a greater loss than pirate