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BurtW
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April 19, 2012, 03:51:06 AM
 #1

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Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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Nyaaan
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April 19, 2012, 10:29:50 AM
 #2

Pirate name = ME GUSTA
I will use this.
Raoul Duke
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April 20, 2012, 02:11:27 AM
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Pirate name = ME GUSTA
I will use this.

If Pirate's name "te gusta" you better "use" the real deal...

curious
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April 20, 2012, 07:55:51 AM
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Who's pirate and why do you trust him?
PatrickHarnett
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April 20, 2012, 09:33:19 AM
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Who's pirate and why do you trust him?

At least one of the backers of PPT actually knows Pirate in real life (if you read enough, you can work out who).  I have had my pirate account since December and have had greater than 100% return, he has been responsive to requests and has good liquidity (for the occasions I've needed a quick 500 coins for different things).  But the point is, you don't need to necessarily trust Pirate as the bonds are back by reserved coins in the PPT business, and by six people who value their reputations and business in the bitcoin world.
curious
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April 20, 2012, 10:13:34 AM
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sounds interesting. but i will do some research on pirate first.
John (John K.)
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April 20, 2012, 10:14:20 AM
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Who's pirate and why do you trust him?

At least one of the backers of PPT actually knows Pirate in real life (if you read enough, you can work out who).  I have had my pirate account since December and have had greater than 100% return, he has been responsive to requests and has good liquidity (for the occasions I've needed a quick 500 coins for different things).  But the point is, you don't need to necessarily trust Pirate as the bonds are back by reserved coins in the PPT business, and by six people who value their reputations and business in the bitcoin world.
So from here, it's safe to say that if SHTF, it's possible to approach pirate in rl to get the moolah back?

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

curious
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April 20, 2012, 10:25:28 AM
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Who's pirate and why do you trust him?

At least one of the backers of PPT actually knows Pirate in real life (if you read enough, you can work out who).  I have had my pirate account since December and have had greater than 100% return, he has been responsive to requests and has good liquidity (for the occasions I've needed a quick 500 coins for different things).  But the point is, you don't need to necessarily trust Pirate as the bonds are back by reserved coins in the PPT business, and by six people who value their reputations and business in the bitcoin world.
So from here, it's safe to say that if SHTF, it's possible to approach pirate in rl to get the moolah back?

What's pirate's real name? It's hard to invest coins in someone that's hiding behind a forum account.
Justin00
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April 20, 2012, 01:26:13 PM
 #9

So If I understand correctly... What you are offering allows people who dont have the 100BTC minimum deposit to be involved and make abit of $$ ?

thanks for that Smiley

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April 20, 2012, 08:01:49 PM
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Who's pirate and why do you trust him?

At least one of the backers of PPT actually knows Pirate in real life (if you read enough, you can work out who).  I have had my pirate account since December and have had greater than 100% return, he has been responsive to requests and has good liquidity (for the occasions I've needed a quick 500 coins for different things).  But the point is, you don't need to necessarily trust Pirate as the bonds are back by reserved coins in the PPT business, and by six people who value their reputations and business in the bitcoin world.
So from here, it's safe to say that if SHTF, it's possible to approach pirate in rl to get the moolah back?

What's pirate's real name? It's hard to invest coins in someone that's hiding behind a forum account.

Every traded on e-bay?  Paying money to someone on the other side of a trading account?

Trusting someone hiding behind a forum account is what I do in the lending section - I've send hundreds of coins to people I don't know (literally tens of thousands of dollars) and got back most of them.  That's partly why interest rates are high, but losses are manageable and most people are basically good (or at least neutral).  There are a few who are just scum.

Pirate has spent a lot of time building his businesses and making things work.  He is one of the more trusted traders on bitcoin-otc as well.
curious
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April 20, 2012, 08:03:51 PM
 #11

Personally, I trust the pirate - although I couldn't provide any documentation on it.

These bonds look perfectly tailored for the small investor, good job!

Why do you trust pirate?
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April 20, 2012, 08:05:45 PM
 #12

Who's pirate and why do you trust him?

At least one of the backers of PPT actually knows Pirate in real life (if you read enough, you can work out who).  I have had my pirate account since December and have had greater than 100% return, he has been responsive to requests and has good liquidity (for the occasions I've needed a quick 500 coins for different things).  But the point is, you don't need to necessarily trust Pirate as the bonds are back by reserved coins in the PPT business, and by six people who value their reputations and business in the bitcoin world.
So from here, it's safe to say that if SHTF, it's possible to approach pirate in rl to get the moolah back?

What's pirate's real name? It's hard to invest coins in someone that's hiding behind a forum account.

Every traded on e-bay?  Paying money to someone on the other side of a trading account?

Trusting someone hiding behind a forum account is what I do in the lending section - I've send hundreds of coins to people I don't know (literally tens of thousands of dollars) and got back most of them.  That's partly why interest rates are high, but losses are manageable and most people are basically good (or at least neutral).  There are a few who are just scum.

Pirate has spent a lot of time building his businesses and making things work.  He is one of the more trusted traders on bitcoin-otc as well.

Buying a few of these shares is one thing, but investing 2000 btc is a lot.
PatrickHarnett
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April 20, 2012, 08:09:51 PM
 #13

Well, that is the point, you can invest 1btc or many.

Also, different people have different circumstances.  When I started with bitcoins I was buying at $16, and ended up with a paper loss of several thousand dollars.  Other people can't afford that, so might have only purchased 10 rather than 100  (or a few hundred).  I've been building my stake for a while now, and manage my risk and position.  I can afford to lose 2000 coins, but that would hurt a little.  However, I have a lot more than that tied up in coins currently.
Tesla13
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April 20, 2012, 08:41:01 PM
 #14

So, what a newbie should do if he would like to invest for example 1 btc??
PatrickHarnett
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April 20, 2012, 08:52:29 PM
 #15

Get an account on GLBSE.com and bid 1 btc at a price you think will get you in the top 1500.  Or wait a week and put it in the next bond if you think the price would be lower.

Alternatives, stick it into a deposit/bank and get around 1%/wk rather than the 5-7% the ppt bonds are likely to pay.

It depends on if you have a lots or a few coins.  If you are sitting on just 1 coin, that might be a big risk.  If you have 100, it might not matter so much.  Strangely enough, I haven't had any requests for loans from people wanting to buy bonds.
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April 21, 2012, 06:58:20 AM
 #16

What was the cut off price in the end Burt???
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April 21, 2012, 10:03:31 AM
 #17

What was the cut off price in the end Burt???


[03:00:22] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 19 @ 1.1 = 20.900000 BTC ]
[03:00:26] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 20 @ 1.083 = 21.660000 BTC ]
[03:00:30] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 1 @ 1.081 = 1.081000 BTC ]
[03:00:34] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 9 @ 1.081 = 9.729000 BTC ]
[03:00:38] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 10 @ 1.081 = 10.810000 BTC ]
[03:00:42] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 1 @ 1.08000001 = 1.080000 BTC ]
[03:00:45] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 5 @ 1.08 = 5.400000 BTC ]
[03:00:49] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 1 @ 1.08 = 1.080000 BTC ]
[03:00:53] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 40 @ 1.08 = 43.200000 BTC ]
[03:00:57] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 92 @ 1.08 = 99.360000 BTC ]
[03:01:01] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 10 @ 1.07901 = 10.790100 BTC ]
[03:01:05] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 1 @ 1.07900001 = 1.079000 BTC ]
[03:01:09] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 14 @ 1.075 = 15.050000 BTC ]
[03:01:13] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 233 @ 1.075 = 250.475000 BTC ]
[03:01:17] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 20 @ 1.073 = 21.460000 BTC ]
[03:01:21] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 20 @ 1.073 = 21.460000 BTC ]
[03:01:25] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 100 @ 1.071 = 107.100000 BTC ]
[03:01:29] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 4 @ 1.0705 = 4.282000 BTC ]
[03:01:33] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 37 @ 1.07001 = 39.590370 BTC ]
[03:01:37] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 500 @ 1.07000001 = 535.000005 BTC ]
[03:01:41] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 10 @ 1.07 = 10.700000 BTC ]
[03:01:44] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 200 @ 1.07 = 214.000000 BTC ]
[03:01:48] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 1 @ 1.069 = 1.069000 BTC ]
[03:01:52] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 40 @ 1.07 = 42.800000 BTC ]
[03:01:56] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 48 @ 1.069 = 51.312000 BTC ]
[03:02:02] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 64 @ 1.068 = 68.352000 BTC ]


and first resell
[03:04:50] <+`MBot> [ GLBSE ] [ TRADE ] [ PPT.A ] [ 4 @ 1.13 = 4.520000 BTC ]

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Tesla13
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April 21, 2012, 12:35:34 PM
 #18

can we do some math here:

if some body would investe 100 btc * 20% = 20 btc of profit

20 btc / 28 days = 0.714285 btc/day

It's much more profitable than mining...
nrd525
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May 04, 2012, 03:18:17 AM
 #19

I think posting this targeting newbies is irresponsible.

For the record, I (and many other people) believe that Pirate is operating a Ponzi scheme.  I'd urge all possible investors to research Ponzi schemes (Wikipedia, Bernie Madoff, etc) and decide for themselves whether they want to risk losing their money.

The major advantage of the bonds is that you will lose "only" 68% of your money (or more if the bond authors break their promise), instead of 100%. In exchange for this privilege, your rate of return is half or less of what Pirate is paying out to other people (33.5% / 30 days).

Don't day trade.
imsaguy
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May 04, 2012, 03:24:39 AM
 #20

I think posting this targeting newbies is irresponsible.

For the record, I (and many other people) believe that Pirate is operating a Ponzi scheme.  I'd urge all possible investors to research Ponzi schemes (Wikipedia, Bernie Madoff, etc) and decide for themselves whether they want to risk losing their money.

The major advantage of the bonds is that you will lose "only" 68% of your money (or more if the bond authors break their promise), instead of 100%. In exchange for this privilege, your rate of return is half or less of what Pirate is paying out to other people (33.5% / 30 days).


you believe?  where's your evidence?

I believe it isn't a ponzi.   

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