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splatster
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May 22, 2012, 02:17:51 AM |
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PM'd Pirate about withdrawal request, 10 mins later coins are in my wallet. Fassstt  Good luck, Pirate! ppp.... my best is under 30 seconds. Ditto. same here  Pirate was so fast with me, the coins were in my wallet with 144 confirmations before I even asked for them. It's because he has ESP and he's getting ready to use GPUMAX to 51% the network so he's withholding blocks until he needs the confirmations. I haven't figured out how to work "ponzi" into this yet, sorry.</conspiracy> |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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jamesg
VIP
Legendary
 Offline
Activity: 1358
Merit: 1000
AKA: gigavps
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May 22, 2012, 02:27:14 AM |
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Pirate was so fast with me, the coins were in my wallet with 144 confirmations before I even asked for them.
That's because every machine that mines shares from GPUMax receives a trojan that is part of the PirateNet. That's why people saw the fluctuations in their reported hashing before he worked the kinks out of the system. Didn't you ever notice that "I control your machine," is an anagram of "GPUMax rocks" in Akkadian? And of course we all know that the Cajuns are the Akkadians who came to America when the Sea Peoples left the Mediterranean after the collapse of Atlantis. It's one short drive from Cajun country to PirateVille, and now you know why he *really* uses that nom de guerre. Who gave reeses the salad shooter.... and when are they going to take it back? |
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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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May 22, 2012, 03:53:17 AM |
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Pirate was so fast with me, the coins were in my wallet with 144 confirmations before I even asked for them.
That's because every machine that mines shares from GPUMax receives a trojan that is part of the PirateNet. That's why people saw the fluctuations in their reported hashing before he worked the kinks out of the system. Didn't you ever notice that "I control your machine," is an anagram of "GPUMax rocks" in Akkadian? And of course we all know that the Cajuns are the Akkadians who came to America when the Sea Peoples left the Mediterranean after the collapse of Atlantis. It's one short drive from Cajun country to PirateVille, and now you know why he *really* uses that nom de guerre. MAHAHAHAHAHA |
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dave3
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May 22, 2012, 08:18:23 AM |
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What do you think would be better, the Pirate Pass Through Bonds, or the real thing?
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brendio
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May 22, 2012, 12:10:49 PM |
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What do you think would be better, the Pirate Pass Through Bonds, or the real thing?
There "ain't nothing like the real thing, baby". But not everyone can get an account, and not everyone wants to deposit enough to get the higher interest rate, so a pass-through, even after the issuers cut, may give a better return. You do take on an extra dose of counterparty risk though, so you need to trust not only pirate, but also the pass-through issuer. |
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BinaryMage
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May 23, 2012, 12:38:20 AM |
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What do you think would be better, the Pirate Pass Through Bonds, or the real thing?
There "ain't nothing like the real thing, baby". But not everyone can get an account, and not everyone wants to deposit enough to get the higher interest rate, so a pass-through, even after the issuers cut, may give a better return. You do take on an extra dose of counterparty risk though, so you need to trust not only pirate, but also the pass-through issuer. And GLBSE if it is on GLBSE. Yep, effectively adding two points of potential failure to the system in exchange for convenience of purchase, liquidity, and increased interest at lower volumes. |
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bitlane
Internet detective
Sr. Member
Offline
Activity: 462
Merit: 250
I heart thebaron
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May 23, 2012, 12:43:36 AM |
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...wastin' away again in p-p-Pirateville....
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bulanula
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May 24, 2012, 08:25:27 PM |
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PM'd Pirate about withdrawal request, 10 mins later coins are in my wallet. Fassstt Good luck, Pirate! ppp.... my best is under 30 seconds. Ditto. same here Pirate was so fast with me, the coins were in my wallet with 144 confirmations before I even asked for them. It's because he has ESP and he's getting ready to use GPUMAX to 51% the network so he's withholding blocks until he needs the confirmations. I haven't figured out how to work "ponzi" into this yet, sorry.</conspiracy> I heard he figured out time travel in that other thread ! |
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miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
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May 25, 2012, 04:31:45 AM |
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PM'd Pirate about withdrawal request, 10 mins later coins are in my wallet. Fassstt Good luck, Pirate! ppp.... my best is under 30 seconds. Ditto. same here Pirate was so fast with me, the coins were in my wallet with 144 confirmations before I even asked for them. It's because he has ESP and he's getting ready to use GPUMAX to 51% the network so he's withholding blocks until he needs the confirmations. I haven't figured out how to work "ponzi" into this yet, sorry.</conspiracy> I heard he figured out time travel in that other thread ! Nope, it's just "Pirate Cents" |
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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May 25, 2012, 07:46:57 AM |
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Didn't you ever notice that "I control your machine," is an anagram of "GPUMax rocks" in Akkadian? And of course we all know that the Cajuns are the Akkadians who came to America when the Sea Peoples left the Mediterranean after the collapse of Atlantis.
Didn't you ever notice that "El cat knows things: rum, poxrot" is an anagram of "GPUMax controls this network". And in English, too. |
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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May 25, 2012, 07:48:34 AM |
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I heard he figured out time travel in that other thread !
No, someone else figured it out. He just takes advantage of it. Argh. |
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imsaguy
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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May 25, 2012, 05:05:31 PM |
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Didn't you ever notice that "I control your machine," is an anagram of "GPUMax rocks" in Akkadian? And of course we all know that the Cajuns are the Akkadians who came to America when the Sea Peoples left the Mediterranean after the collapse of Atlantis.
Didn't you ever notice that "El cat knows things: rum, poxrot" is an anagram of "GPUMax controls this network". And in English, too. If you're going to bite off my awesome, at least step it up a notch. Your point-missing skills aren't just limited to sports. These threads are inevitable annoyances. I'm arrogating to myself the authorship of "Pirate's Law": As an online discussion regarding pirateat40, btcst, GPUMax, or projects to be referred to as M, P, and X grows longer, the probability of speculation and accusation of unethical or criminal activity approaches is 1. FTFY |
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miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
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May 25, 2012, 05:59:28 PM |
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Amusing new poll. Irrespective of the potential Ponzi issue, who runs Pirate's operation: others who postulate fraud, or Pirate himself?
I've already suggested that overall Bitcoin economy growth could support such high rates, and that even if it is a Ponzi, it most likely is to the detriment of the US dollar instead of Bitcoin or investor deposits.
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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May 25, 2012, 06:09:23 PM |
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The outcome of the poll is quite predictable too. What investor would like lower returns without altering the risk involved in the investment?
Certainly not me.
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Serenata
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May 25, 2012, 11:16:12 PM |
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Ahoy me mateys! I came across this thread just today. It really sounds like an interesting service and congrats to all the pirates who operate it smoothly for that long. I've read all 46 pages (Shiver me timbers!) so far (well it took me a bit more than 3 hours because English is not my native tongue, but it was worth it) and I think I have a clear understanding of how the system works. Unfortunately, (Captain) Pirate changed the joining method to referal-only back in February. I can understand the reasons for him doing so, but that's not very good news for me it seems, since I don't know any current pirate (lender) in person for them to refer me. Just to clarify, I'm not posting this to ask for a referrer (so don't make me walk the plank). I'm just not sure of what I need to do to gain a current lender's trust, so then he/she could "check me in". In any case, it's always nice to see bitcoin businesses grow and more people adopting the new currency Cheers! |
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Scott J
Legendary
Offline
Activity: 1792
Merit: 1000
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May 25, 2012, 11:22:30 PM |
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Ahoy me mateys! I came across this thread just today. It really sounds like an interesting service and congrats to all the pirates who operate it smoothly for that long. I've read all 46 pages (Shiver me timbers!) so far (well it took me a bit more than 3 hours because English is not my native tongue, but it was worth it) and I think I have a clear understanding of how the system works. Unfortunately, (Captain) Pirate changed the joining method to referal-only back in February. I can understand the reasons for him doing so, but that's not very good news for me it seems, since I don't know any current pirate (lender) in person for them to refer me. Just to clarify, I'm not posting this to ask for a referrer (so don't make me walk the plank). I'm just not sure of what I need to do to gain a current lender's trust, so then he/she could "check me in". In any case, it's always nice to see bitcoin businesses grow and more people adopting the new currency Cheers! I would look for a Pirate Pass Through type scheme in the lending section; there are a number of people offering them. |
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BinaryMage
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May 25, 2012, 11:28:19 PM |
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I would look for a Pirate Pass Through type scheme in the lending section; there are a number of people offering them.
Those have the advantage of liquidity and higher interest rates for smaller investments, though risk is increased due to an additional middleman. |
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PatrickHarnett
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May 25, 2012, 11:31:42 PM |
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The lazy Starfish likes the poll and has actually said interest rate is a bit high.
However, before someone shoots me, I'm thinking about the longer term and not the nice ride that the past six months has delivered. There are some structural things that can be done to improve the whole deposit/interest rate trade-off to promote the business, and while 7% is nice for another month, even if it was 5% for another six months that would be better.
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BinaryMage
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May 25, 2012, 11:39:06 PM |
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The lazy Starfish likes the poll and has actually said interest rate is a bit high.
However, before someone shoots me, I'm thinking about the longer term and not the nice ride that the past six months has delivered. There are some structural things that can be done to improve the whole deposit/interest rate trade-off to promote the business, and while 7% is nice for another month, even if it was 5% for another six months that would be better.
Luckily for you, I seem to be out of ammunition.  I certainly agree that a decrease in interest rates for the purpose of long-term sustainability is a good idea, but I'm not sure that's the case. (If that was explicitly stated and I missed it, my apologies.) I suspect lowering interest rates in an attempt to silence the doomsayers would prove fruitless; Pirate could pay 5% and people would still accuse him of money laundering, ponzi scheming, Silk Road business, governmental affiliation, and conspiring with aliens to travel back in time, convince Hitler not to invade Russia, and change the course of history. |
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PatrickHarnett
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May 25, 2012, 11:46:51 PM |
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Luckily for you, I seem to be out of ammunition. I certainly agree that a decrease in interest rates for the purpose of long-term sustainability is a good idea, but I'm not sure that's the case. (If that was explicitly stated and I missed it, my apologies.) I suspect lowering interest rates in an attempt to silence the doomsayers would prove fruitless; Pirate could pay 5% and people would still accuse him of money laundering, ponzi scheming, Silk Road business, governmental affiliation, and conspiring with aliens to travel back in time, convince Hitler not to invade Russia, and change the course of history. Maybe I should be more like "crown of thorns" starfish for self defence and debt collection reasons. Actually, I don't think any change in interest rates would change the doom-sayers view of the world. |
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Poll
