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Question: How would you rate Bitcoin Savings & Trust?
5 - Excellent
4 - Very Good
3 - Good
2 - Fair
1 - Poor
No comment just show me the results.

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: Bitcoin Savings and Trust | Home | Closed  (Read 774182 times)
brendio
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July 04, 2012, 03:59:59 PM
 #1361

Now if only I could a referral...
You won't need one soon!

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finkleshnorts
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July 04, 2012, 04:13:48 PM
 #1362

He won't want one soon, since the passthroughs pay more now... Huh
dog
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July 04, 2012, 04:21:48 PM
 #1363

woof woof!
bulanula
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July 04, 2012, 04:31:25 PM
 #1364

woof woof!

Nice to see YOU again here Mr. Dog.

Someone throw him a bone, please !
humanitee
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July 04, 2012, 04:39:43 PM
 #1365

Disclosure: I pulled all of my money from pirate. I had around $1000 dollars in it, which compared to my income is a large amount. I could no longer ignore the feeling in my gut.

That being said, this situation is getting to the point of ridiculousness. Pirate just keeps assuring people he is legit, without ever really doing anything else besides paying out 7%. He never states what he is doing, he just has some secret where he can pull BTC from some unknown source to give back to investors. It resembles a ponzi, I'm sorry but it does. I've watched the bonds issued by Goat and Foo grow every week as more and more people join in. Pirate can't prove he isn't a ponzi, and if anyone says contrary it just turns into a flame war and gets nowhere.

I don't know if it's legit, I don't know if it's illegitimate. Nobody does. The retarded amount of flaming is a sad state of affairs. I appreciate opposing view points, there is no reason not to. Investing money is serious business, and people deserve all the information they can get their hands on. Unfortunately, there isn't much information to be found. All people see is 7%. Until Pirate comes out and gives a detailed description of what he does, the theories will keep on coming.

Sorry pirate (assuming your legit) but it's inescapable. This is a very high risk investment due to the lack of information. I knew that when I signed up, and I'm sure others do to. You can't be mad when people point out the raging similarities between your operation and a ponzi.

1) No information
2) Nice returns for investors
3) Ever increasing amounts of money thrown your way
4) Capital based incentives (at this point)

You can't escape these claims until more transparency is provided about your operation. You won't. Sorry. Get used to it.

On Pirate's side are people assuring a legitimate operation based solely on returns (up to this point), which investment-wise is a fair point. On the other side are people pointing out the similarities between this operation and a ponzi, also a fair point. Bad news Pirate's side, your assurance is how a ponzi operation works, so it's not really evidence to the contrary.  

Anyone with their head not wedged tightly in their ass could step back and see the merits of the opposing argument. What they are saying DOES make sense, it looks EXACTLY like a ponzi. That doesn't mean it is, and it is up to investors to weigh the pros and cons before investing.

All this being said, since I cannot prove or disprove your legitimacy, I would like to thank you for my returns for 5 weeks. I had GLBSE investments provided by Goat and Foo and never had a problem with either of them.

If you are illegitimate, I'll see you in hell.

pirateat40
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July 04, 2012, 04:42:19 PM
 #1366

FUD

Please post your FUD on one of the other threads.  This thread is not for debating what I do.

finkleshnorts
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July 04, 2012, 04:46:21 PM
 #1367

FUD

Please post your FUD on one of the other threads.  This thread is not for debating what I do.

This is fair.

What exactly is this thread for then, with the new thread for announcements, etc?
humanitee
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July 04, 2012, 04:46:44 PM
 #1368

It's not FUD.

It's logic and reasoning. I'm not accusing you of having a ponzi, I can't prove or disprove it. No need to be arrogant, this is the price you pay for running the operation you do. Get used to it. Have a nice day.
hazek
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July 04, 2012, 04:47:44 PM
 #1369

FUD

Please post your FUD on one of the other threads.  This thread is not for debating what I do.

Wow that's quite an emotional response?? Surely a legitimate business can handle clients discontinuing their participation and voicing their opinion why they made that decision, right?

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
pirateat40
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July 04, 2012, 04:47:49 PM
 #1370

What exactly is this thread for then, with the new thread for announcements, etc?

Check out the second line on the OP.

hazek
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July 04, 2012, 04:53:10 PM
 #1371

What exactly is this thread for then, with the new thread for announcements, etc?

Check out the second line on the OP.

And how is humanitee's post not "general discussion"? He didn't make any claims what you do, he just voiced his opinion and stated the reason for withdrawing.. What could possibly be more general than that?

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
pirateat40
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July 04, 2012, 04:54:09 PM
 #1372

FUD

Please post your FUD on one of the other threads.  This thread is not for debating what I do.

Wow that's quite an emotional response?? Surely a legitimate business can handle clients discontinuing their participation and voicing their opinion why they made that decision, right?

Emotional?  I really think you have a strange view on what you read.  Like the first post after I unlocked the thread states.  There are many places to spread your inspiring information.  

I'll be reporting every post to the mods going forward that doesn't fit in the guidelines of this thread.  If it continues after my attempt to control this thread I'll lock the thread and move everything to IRC where I can.
 

hazek
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July 04, 2012, 05:06:28 PM
 #1373

Disclosure: I pulled all of my money from pirate. I had around $1000 dollars in it, which compared to my income is a large amount. I could no longer ignore the feeling in my gut.

That being said, this situation is getting to the point of ridiculousness. Pirate just keeps assuring people he is legit, without ever really doing anything else besides paying out 7%. He never states what he is doing, he just has some secret where he can pull BTC from some unknown source to give back to investors. It resembles a ponzi, I'm sorry but it does. I've watched the bonds issued by Goat and Foo grow every week as more and more people join in. Pirate can't prove he isn't a ponzi, and if anyone says contrary it just turns into a flame war and gets nowhere.

I don't know if it's legit, I don't know if it's illegitimate. Nobody does. The retarded amount of flaming is a sad state of affairs. I appreciate opposing view points, there is no reason not to. Investing money is serious business, and people deserve all the information they can get their hands on. Unfortunately, there isn't much information to be found. All people see is 7%. Until Pirate comes out and gives a detailed description of what he does, the theories will keep on coming.

Sorry pirate (assuming your legit) but it's inescapable. This is a very high risk investment due to the lack of information. I knew that when I signed up, and I'm sure others do to. You can't be mad when people point out the raging similarities between your operation and a ponzi.

1) No information
2) Nice returns for investors
3) Ever increasing amounts of money thrown your way
4) Capital based incentives (at this point)

You can't escape these claims until more transparency is provided about your operation. You won't. Sorry. Get used to it.

On Pirate's side are people assuring a legitimate operation based solely on returns (up to this point), which investment-wise is a fair point. On the other side are people pointing out the similarities between this operation and a ponzi, also a fair point. Bad news Pirate's side, your assurance is how a ponzi operation works, so it's not really evidence to the contrary.  

Anyone with their head not wedged tightly in their ass could step back and see the merits of the opposing argument. What they are saying DOES make sense, it looks EXACTLY like a ponzi. That doesn't mean it is, and it is up to investors to weigh the pros and cons before investing.

All this being said, since I cannot prove or disprove your legitimacy, I would like to thank you for my returns for 5 weeks. I had GLBSE investments provided by Goat and Foo and never had a problem with either of them.

If you are illegitimate, I'll see you in hell.



Please post your FUD on one of the other threads.  This thread is not for debating what I do.

Wow that's quite an emotional response?? Surely a legitimate business can handle clients discontinuing their participation and voicing their opinion why they made that decision, right?

Emotional?  I really think you have a strange view on what you read.  Like the first post after I unlocked the thread states.  There are many places to spread your inspiring information.  

I'll be reporting every post to the mods going forward that doesn't fit in the guidelines of this thread.  If it continues after my attempt to control this thread I'll lock the thread and move everything to IRC where I can.
 

Well you quoted humanitee but, unlike me, you replaced his post with "FUD", a post which only stated that he withdrew his "investment" and stated his reason why, hardly FUD(fear uncertainty destruction), I mean perhaps fear and uncertainty but certainly not destruction, he didn't even accuse of anything and surely a legitimate business should be able to survive a single client leaving, right?

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
humanitee
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July 04, 2012, 05:07:50 PM
 #1374


Adding to the list:
BTCS&T – Why many people here are massive scammers and suckers
pirateat40
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July 04, 2012, 05:10:29 PM
 #1375


Done

Vandroiy
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July 04, 2012, 05:12:45 PM
 #1376

When a scammer asks you to leave his thread, ignore it.

We're not here to be nice. People are convinced the topic in question here is stealing peoples' money, and trying to stop that discussion by telling people to go away is absurd.

I, for one, am ready to face the consequences if I'm wrong. I wouldn't be doing this if I had any doubt I'm seeing a textbook HYIP scam.
bulanula
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July 04, 2012, 05:13:13 PM
 #1377

Now if only I could a referral...
You won't need one soon!

The referral process ends with the new accounts in August?
I don't see that change anywhere  Huh

Same here.

I asked a while back if you need an invite with these new changes and never got any response ...

Can anyone deposit on the "starter" 100 BTC plan from 1 August ?
pirateat40
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July 04, 2012, 05:15:19 PM
 #1378

Now if only I could a referral...
You won't need one soon!

The referral process ends with the new accounts in August?
I don't see that change anywhere  Huh

Same here.

I asked a while back if you need an invite with these new changes and never got any response ...

Can anyone deposit on the "starter" 100 BTC plan from 1 August ?

It's in the thread somewhere after the initial post on the changes but yes they'll be open to anyone.

humanitee
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July 04, 2012, 05:20:07 PM
 #1379

No it's not.

I stated what I did and stated why he gets the responses he does in this and other threads. You think it's bad now? Just wait. The bigger he gets the more positive and negative responses he'll elicit. Sorry, it's part of a healthy forum. Get used to it.
hazek
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July 04, 2012, 05:21:18 PM
 #1380

It's fear, uncertainty, and doubt.  Not destruction.

Ahh ok, my mistake. The post could be called that although it's not. Regardless, I still don't understand why would FUD mater to a legitimate business. Do you not remember that there was a time when he even had a limit to how many people could deposit? But suddenly if people leave and voice their opinion it's called FUD and ex clients are being told to keep it to themselves? What changed?

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
Pages: « 1 ... 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 [69] 70 71 »
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