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terrytibbs
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January 19, 2012, 09:12:52 PM |
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Fair enough. There's really no way to prove you _aren't_ a ponzi scheme without having everyone withdraw at once, and even then the scammer could just pay out all withdrawals, build confidence by doing so, and then steal money later. Anecdotal withdrawal evidence doesn't show anything, as the withdrawals are easily paid with other deposits.
Given that there's no way someone can be as profitable as pirateat40 while also being transparent, either we can assume he's a scammer and not invest with him, refuse to lend unless he becomes more transparent (thus curbing earning potential if he isn't a scammer), or just deal with the risk and accept the exceptional potential profits for what is certainly a risky business. I choose the last of those three, and so do many other people.
Bitcoin is an economy like we've never seen before. It's volatile, highly (pseudo/ano)nymous, and completely unregulated. This leads to lots of scams, but can also give us crazy profits. But you can't try to force it into standard expectations from real-world companies. Transparency is optional here, and the best you can do if you don't like it is to not invest with him. If you come here preaching at us and telling us it's risky, it just comes across as condescending, as if we haven't thought about this before. I lend a _lot_ of money to pirateat40, and sure, the thought of him running with it does cross my mind. I've decided that the risk is worth it, and lend to him anyway. Perhaps I'm irrational and/or greedy, but I don't think you're going to help with any of that.
Maybe you'll successfully convince some people here to withdraw from him because you've pointed out that there's no free lunch, and that's good because we don't want people naively thinking they can get high profits with no (or even low) risk. But when they pull out and open up more capacity, those of us who are more risk-tolerant and who can afford to play a bit more are just going to jump in.
This is an excellent response, thanks. Seriously, If you want to invest, do your own research. If you're just trolling, GTFO. We're all happy here, and we are well aware of the risks we are taking.
I remember this from somewhere! I take it you ran out of arguments? |
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payb.tc
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January 19, 2012, 09:33:22 PM |
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965 BTC in withdraws for today.
it would probably be helpful if some lenders could help confirm that... although i'm sure most want to remain private. |
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pirateat40 (OP)
Avast Ye!
Sr. Member
 Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 19, 2012, 09:34:58 PM |
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965 BTC in withdraws for today.
it would probably be helpful if some lenders could help confirm that... although i'm sure most want to remain private. Yea, they are welcome to speak for themselves but I was not going to disclose that information. |
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chungenhung
Legendary
Offline
Activity: 1134
Merit: 1005
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January 19, 2012, 09:49:10 PM |
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965 BTC in withdraws for today.
it would probably be helpful if some lenders could help confirm that... although i'm sure most want to remain private. Yea, they are welcome to speak for themselves but I was not going to disclose that information. i withdrew some yesterday |
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Raoul Duke
aka psy
Legendary
Offline
Activity: 1358
Merit: 1002
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January 19, 2012, 10:13:18 PM |
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All I can say is that in every occasion that I requested bitcoin to be withdrawn from my account I got the money in less than 60 sec., yes, that's how efficient he is  |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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January 19, 2012, 10:23:35 PM |
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Seriously, If you want to invest, do your own research. If you're just trolling, GTFO. We're all happy here, and we are well aware of the risks we are taking.
I remember this from somewhere! I take it you ran out of arguments? I use my brain heavily for work. There is only so much I can do in a day, and dealing with trolls isn't the best use of my time. If you're going to repeat the same shit, so am I. |
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 20, 2012, 06:39:52 PM |
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Storage Update
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PatrickHarnett
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January 20, 2012, 07:28:39 PM |
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Parking a few extra coins for the weekend.
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OgNasty
Donator
Legendary
Offline
Activity: 4718
Merit: 4223
Leading Crypto Sports Betting & Casino Platform
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January 20, 2012, 07:32:38 PM |
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A FPS&T Referral Program?  |
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 20, 2012, 07:34:02 PM |
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A FPS&T Referral Program? LOL, You want more money!!! |
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OgNasty
Donator
Legendary
Offline
Activity: 4718
Merit: 4223
Leading Crypto Sports Betting & Casino Platform
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January 20, 2012, 07:39:13 PM
Last edit: January 23, 2012, 05:13:40 PM by OgNasty |
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A FPS&T Referral Program? LOL, You want more money!!! Aye, tis the shine I'm after! |
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ineededausername
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January 20, 2012, 07:41:54 PM |
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A FPS&T Referral Program? LOL, You want more money!!! Aye, tis the shine I'm after and I'll follow me Captain anywhere! I'm signing up! |
(BFL)^2 < 0
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 23, 2012, 05:05:03 PM |
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Storage Updated
New Accounts will be activated using the new (Referral Based) model soon. Ill let everyone know how it works when its ready.
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vuce
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January 23, 2012, 10:13:29 PM |
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Is the site offline?
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 23, 2012, 10:14:20 PM |
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Is the site offline?
Nope, working good. |
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BTCurious
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January 23, 2012, 10:14:25 PM |
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Is the site offline?
Not for me, I can connect fine. |
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vuce
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January 23, 2012, 10:17:08 PM |
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OK, it works now. Just a temporary glitch it seems, sorry  |
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 24, 2012, 11:49:34 PM |
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Storage Updated
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vuce
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January 25, 2012, 12:13:49 AM |
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That was... quick...
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 25, 2012, 12:15:43 AM |
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That was... quick...
pirateat40 loves his lenders. |
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Poll
