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Author Topic: A day in the life of a pirate.  (Read 28364 times)
imsaguy
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May 30, 2012, 11:11:14 PM
 #281

Reading posts like this makes me smile.  There're still smart people in this community and it's those people I've learned to surround myself with.

"Surround yourself with like-minded people who want to see you successful." - Robert Kiyosaki

Smiley

Or maybe you just like the feel of a nose placed firmly against your cheeks.

Pot, kettle, black.  Get gigavps in here and you guys can be a little choo-choo train with engine, coal car, and caboose.

Don't be jealous you got discarded like yesterday's deuce.

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pirateat40
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"Yes I am a pirate, 200 years too late."


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May 30, 2012, 11:11:37 PM
 #282

Reading posts like this makes me smile.  There're still smart people in this community and it's those people I've learned to surround myself with.

"Surround yourself with like-minded people who want to see you successful." - Robert Kiyosaki

Smiley

Or maybe you just like the feel of a nose placed firmly against your cheeks.

Pot, kettle, black.  Get gigavps in here and you guys can be a little choo-choo train with engine, coal car, and caboose.

Awww see, now I have to hide from the forums for another week.  GRRRRRR

pirateat40
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May 30, 2012, 11:12:52 PM
 #283

Reading posts like this makes me smile.  There're still smart people in this community and it's those people I've learned to surround myself with.

"Surround yourself with like-minded people who want to see you successful." - Robert Kiyosaki

Smiley

Or maybe you just like the feel of a nose placed firmly against your cheeks.

LOL, if i wanted that.  I'd pay for it. Tongue

I thought pimps don't have to pay?

Ummmm no, that's call embezzling.

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May 30, 2012, 11:18:09 PM
 #284

STOP talking with yourselves. Tongue

Corporations have been enthroned, An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. ~Abe Lincoln 1ApJdWUdSWYw8n8HEATYhHXA9EYoRTy7c4
pirateat40
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May 30, 2012, 11:19:56 PM
 #285

STOP talking with yourselves. Tongue

One sec let me switch to my other identity to respond.

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May 30, 2012, 11:20:35 PM
 #286

  If the pirate's view is to bring everyone along for the ride then that would include glbse dont you think ?

 The pie gets bigger for everyone Smiley


imsaguy
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May 30, 2012, 11:20:41 PM
 #287

STOP talking with yourselves. Tongue

One sec let me switch to my other identity to respond.

ok, is this better?

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

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May 30, 2012, 11:21:31 PM
 #288

Given the track record of the exchanges, online wallets, Bitcoinica, etc, it seems an inevitability that where a lot of people deposit a lot of coin it will eventually fuck up. So far pirate has had less hitches than pretty much every "legit" Bitcoin service out there, which I find rather amusing given how much people like to acuse him of being the scammer.

I'd rather value a business that builds its own credibility than one that strives for an expedient route to legitimacy, or approval from a direction that isn't valid in the first place. Trust is only good if it isn't abused.

I do not think default would be a concern if one had already earn their investment back in interest payments.
Why not?

Plus, how can it compound if you keep your interest payments? Wink

  • Deposit 2000BTC
  • Earn 2000BTC from interest
  • Withdraw 2000 of total 4000BTC

Your initial investment is doubled and returned, and everything from there on out with the remaining 2000BTC is pure pirate profit Smiley

In late 2010, one of my silver trades did very well. So well, in fact, that it gained almost 5,000% (yes, 50x initial capital). Regrettably, on that particular trade, I tripped myself up and lost most of it (still kicking myself - I really wanted that island). What I didn't lose was my initial investment, having pulled that out shortly after doubling. The rest was play money.
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AKA: gigavps


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May 30, 2012, 11:22:16 PM
 #289

STOP talking with yourselves. Tongue

One sec let me switch to my other identity to respond.

ok, is this better?

Or how about this?
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May 30, 2012, 11:22:50 PM
 #290

STOP talking with yourselves. Tongue

One sec let me switch to my other identity to respond.

ok, is this better?

Or how about this?
Me too?

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
imsaguy
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May 30, 2012, 11:24:52 PM
 #291

STOP talking with yourselves. Tongue

One sec let me switch to my other identity to respond.

ok, is this better?

Or how about this?

And you other bumb ditches think I make this shit up.

urmom.

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
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Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
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Bitcoin Oz
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May 30, 2012, 11:25:18 PM
 #292

 If the pirate's view is to bring everyone along for the ride then that would include glbse dont you think ?

 The pie gets bigger for everyone Smiley



Due to the Mann Act, he can't take Nefario across state lines.

I dunno. He might fit in a suitcase.

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May 30, 2012, 11:28:02 PM
 #293


The myth of selling BTC to fools locally is laughable. Nobody is stupid to pay more for BTC than market rate I would believe.

I've done just that, might only have been a few thousand dollars worth, but a 10-20% premium was still worth having.

Did you find a fool, or someone using the coins for illicit means?

For many people actually buying BTC is a huge pain in the ass. If you were only buying a couple hundred dollars worth of BTC it might be worth your time to just pay someone $40 extra to get you the BTC, especially if it also saves you a few bucks in exchange fees.

Actually, I don't think they were a fool, and I tried to get them to use an exchange, pay real prices and basically stop bugging me.  It was just easier for them to send me funds and for me to send them coins.
imsaguy
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May 30, 2012, 11:30:27 PM
 #294


The myth of selling BTC to fools locally is laughable. Nobody is stupid to pay more for BTC than market rate I would believe.

I've done just that, might only have been a few thousand dollars worth, but a 10-20% premium was still worth having.

Did you find a fool, or someone using the coins for illicit means?

For many people actually buying BTC is a huge pain in the ass. If you were only buying a couple hundred dollars worth of BTC it might be worth your time to just pay someone $40 extra to get you the BTC, especially if it also saves you a few bucks in exchange fees.

Actually, I don't think they were a fool, and I tried to get them to use an exchange, pay real prices and basically stop bugging me.  It was just easier for them to send me funds and for me to send them coins.

Clearly you missed the part of this thread where we went off topic.  Catch up already!

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
pirateat40
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"Yes I am a pirate, 200 years too late."


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May 30, 2012, 11:32:09 PM
 #295


The myth of selling BTC to fools locally is laughable. Nobody is stupid to pay more for BTC than market rate I would believe.

I've done just that, might only have been a few thousand dollars worth, but a 10-20% premium was still worth having.

Did you find a fool, or someone using the coins for illicit means?

For many people actually buying BTC is a huge pain in the ass. If you were only buying a couple hundred dollars worth of BTC it might be worth your time to just pay someone $40 extra to get you the BTC, especially if it also saves you a few bucks in exchange fees.

Actually, I don't think they were a fool, and I tried to get them to use an exchange, pay real prices and basically stop bugging me.  It was just easier for them to send me funds and for me to send them coins.

Clearly you missed the part of this thread where we went off topic.  Catch up already!

Shhhhh, me... That's all part of my plan to make the rest think my sock puppets are real people. blah blah

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May 30, 2012, 11:41:48 PM
 #296

blah blah blah

Clearly you missed the part of this thread where we went off topic.  Catch up already!

I was actually doing some day-job work stuff. 

(and some bitcoin business)
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May 31, 2012, 12:01:03 AM
 #297

When you sell trade Bitcoins do you always ask every buyer trader what they are going to use them for?

I don't like those words. Smiley

Pirate, here's a serious question. Even though you are not a corporation like BitInstant or MtGox, doesn't what you do still fall under AML laws? As far as I know, AML laws state that you are not allowed to facilitate the laundering of money. Strictly speaking, converting cash to bitcoins can be a form of money laundering since your clients are converting cash (possibly gained from illegal transactions) to clean bitcoins. As an individual and not a corporation, can you really just say that you are not aware of any illegal activity and that you are just trading bitcoins for profit?

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May 31, 2012, 12:03:52 AM
 #298

When you sell trade Bitcoins do you always ask every buyer trader what they are going to use them for?

I don't like those words. Smiley

Pirate, here's a serious question. Even though you are not a corporation like BitInstant or MtGox, doesn't what you do still fall under AML laws? As far as I know, AML laws state that you are not allowed to facilitate the laundering of money. Strictly speaking, converting cash to bitcoins can be a form of money laundering since your clients are converting cash (possibly gained from illegal transactions) to clean bitcoins. As an individual and not a corporation, can you really just say that you are not aware of any illegal activity and that you are just trading bitcoins for profit?

BitInstant, as far as I know, doesn't exchange BTC for USD but USD for BTC. MTGOX does both. There is a difference and it's big.

Corporations have been enthroned, An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. ~Abe Lincoln 1ApJdWUdSWYw8n8HEATYhHXA9EYoRTy7c4
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May 31, 2012, 12:06:08 AM
 #299

When you sell trade Bitcoins do you always ask every buyer trader what they are going to use them for?

I don't like those words. Smiley

Pirate, here's a serious question. Even though you are not a corporation like BitInstant or MtGox, doesn't what you do still fall under AML laws? As far as I know, AML laws state that you are not allowed to facilitate the laundering of money. Strictly speaking, converting cash to bitcoins can be a form of money laundering since your clients are converting cash (possibly gained from illegal transactions) to clean bitcoins. As an individual and not a corporation, can you really just say that you are not aware of any illegal activity and that you are just trading bitcoins for profit?

BitInstant, as far as I know, doesn't exchange BTC for USD but USD for BTC. MTGOX does both. There is a difference and it's big.

Does BitInstant require you to show ID or can you stop by WalMart (?) with a ton of cash and anonymously convert them to bitcoins with a fee?

pirateat40
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May 31, 2012, 12:07:10 AM
 #300

When you sell trade Bitcoins do you always ask every buyer trader what they are going to use them for?

I don't like those words. Smiley

Pirate, here's a serious question. Even though you are not a corporation like BitInstant or MtGox, doesn't what you do still fall under AML laws? As far as I know, AML laws state that you are not allowed to facilitate the laundering of money. Strictly speaking, converting cash to bitcoins can be a form of money laundering since your clients are converting cash (possibly gained from illegal transactions) to clean bitcoins. As an individual and not a corporation, can you really just say that you are not aware of any illegal activity and that you are just trading bitcoins for profit?

Good question, I deal with very few people unlike the others and everything from the ground up is covered by people paid to make sure of it.  Now, paying interest in USD would change that but right now it's not something I have to worry about since I don't.

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