A day in the life of a pirate.

[pirateat40]

Mods, please move this post if its in the wrong section.  Thanks

Howdy Y'all

So there seems to be an ever-growing list of topics and links regarding information about what exactly I do to pay my lenders.  Most of the information seems to be fabricated by people wearing pointy foil hats.  On the other hand there are a few respected members of the community that seem to have fallen into the FUD world which has become... this forum.  As you can imagine, knowing what I know about what I do, it's been pretty entertaining to watch.  I must admit, I do enjoy the thrill of getting a reaction from some of these nuts, but there does come a time when you have to stop throwing fuel on the fire.

What do I do?  Lots, and you couldn't pay me enough to tell how I do it.  Why?  Cause, as most of you know I've made a lot of money doing this and I'm simply not going to kill a good thing for now.  Currently I don't have to fund any portion of BTCS&T due to my extensive list of lenders and like any professional would tell you... Don't tie up your cash unless you have to.  So if there was enough time-consuming BS going around that drove me to either disclose what I do exactly (and thus kill my profit margins) or fund the operation myself and increase my profit margin, you can imagine which one I'd choose.

At this time, I don't need to make that decision.  I know what I do and have every right to what I disclose about my process.  So, now lets get to the good stuff.

Q - Are you running a drug ring and laundering money for Silk Road?
A - Are you kidding me? I live in the US.  If anything I was doing was illegal, my CPA, attorneys, and scariest... my wife would have my head.  So to make it clear, nothing I'm associated with is illegal.

Q - Are you the mystery Bitcoinica investor?
A - No, although I thought about it early on when I was looking into the different sectors, but coming from forex trading there would be so much I would change that it would be much easier to build it from scratch.

Q - Did you hack Bitcoinica or help to launder the coins?
A - No, as some of you know I have an extensive list of certifications but all of them are networking and datacenter related.  I have business partners that handle all of the coding work and a few friends that fill in the gaps when needed.  Honestly I wouldn't know if stolen coins are being moved in and out of BTCS&T or GPUMAX. We don't have systems in place to check for them nor would I add them, due to the simple fact that I'm not here to police the market, nor do I condone the practice. If someone steals your cash out of your wallet and you have the serial numbers, do you think anyone would care?

Q - Is BTCS&T a Ponzi?
A - Although, theoretically I could have run a Ponzi scheme for a while early on, it just wasn't something I would ever want to be a part of.  If I wanted it to be one, it would have been at much lower rates and I'd be asking for everyone to join.

Q - What's up with the check warrant?
A - Those of you that have contacted me about this knew really early on about it.  The check is for a tiny amount at a Lowe's hardware store in a city I lived in for two years back in 2002-2003.  The check is for some company I have never heard of and haven't been able to find any information about.  My drivers license number was written on the top of the check so it was associated with me.  I didn't hear about this till years later when I was Googling myself and called to find out what it was and attempt to get it fixed.  I just wanted to pay it to clear my record but they required me to confirm some information on the check which I couldn't do and would have to file a police report as well as setup a court date to deal with it.  It just wasn't worth my time and could really care less about it.  If I'm ever out in the desert again and get pulled over, maybe then they'll let me pay it.

I hope this information helps, but I know its not what some of you wanted.  In the end, the only people I care about are my lenders and even then, they don't have to invest with me if they're worried about what I'm doing.

A big thanks to all of my lenders and those that support my projects.  I do sleep sometimes and can't always see everything that is said about me on the forums but I can tell you that it's a breath of fresh air to wake up and see how many of you have my back when I'm not around.  It doesn't go unnoticed and want you to know I'm here and plan to be for a while.

Now, on with the show.

EDIT: There are a couple of people that I know doing the exact same thing I do.  One in the states and one in the UK.  Early on they both contacted me within days of each other asking for some tips on how I handled the process.  Now this was after a very detailed description of what they thought I was doing.  Considering they're not in my area and we'd end up helping each other out, I decided I'd lend a hand in getting them off the ground.  We've keep in contact and to-date (based on how many of you have no idea what's going on) they've kept the information I've told them secret and I can't tell you what that means to me.

Now, I never expect anything in return and this is not a call for them to come forward in the least (they know that).  I simply wanted to mention it and say thanks.

[1713497917]

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[terrytibbs]

Now, on with the show.

You know we can't do that, pirate.

[pirateat40]

Now, on with the show.

You know we can't do that, pirate.

It depends on what show you're referring to.

The "Pirate Show" or the "Ninja Show".  I just wanted to clear up a few things and felt it was time to release a statement.  Believe it or not, either way I couldn't care less. 

[Scott J]

It's good to see you finally deny some of the more serious allegations.

I'll give the PPTs more thought now.

[Matthew N. Wright]

Now, on with the show.

You know we can't do that, pirate.

It depends on what show you're referring to.

The "Pirate Show" or the "Ninja Show".  I just wanted to clear up a few things and felt it was time to release a statement.  Believe it or not, either way I couldn't care less.  

I like Pirate for one, even if he is running a highly illegal and undercover operation for three reasons:

• He makes bank
• He pisses everyone else off in how he does it
• No one can stop him because people follow the money
• He doesn't constantly defend himself on a bullshit unrelated forum

What do they call this in the real world again? Oh yea, professionalism.

[N12]

It is shocking, shocking that an outsized return from an investment with zero transparency is related to major illegal operations.  Who would have thought?

Where is your evidence? You state it like it is a truth.

It shocks me how prone people I would have thought better of are to slander. I don’t have anything against speculation and discussion, but saying someone is a criminal or (knowingly) connected to criminals is a serious accusation you better be able to back up.

So let me ask you, where is your evidence for GPUMAX and/or Bitcoin Savings & Trust being related to "major illegal operations"?

I'm sure I'm not the only one who is withholding revealing and damaging information out of respect to all the members of this forum, especially Pirateat40. You think we all rely on google? Woof, woof.

Put up or shut up.

Speak up now, slanderers. Go and prove him wrong.

Or have the decency to apologize if you cannot.

[Matthew N. Wright]

It is shocking, shocking that an outsized return from an investment with zero transparency is related to major illegal operations.  Who would have thought?

Where is your evidence? You state it like it is a truth.

It shocks me how prone people I would have thought better of are to slander. I don’t have anything against speculation and discussion, but saying someone is a criminal or (knowingly) connected to criminals is a serious accusation you better be able to back up.

So let me ask you, where is your evidence for GPUMAX and/or Bitcoin Savings & Trust being related to "major illegal operations"?

I'm sure I'm not the only one who is withholding revealing and damaging information out of respect to all the members of this forum, especially Pirateat40. You think we all rely on google? Woof, woof.

Put up or shut up.

Speak up now, slanderers. Go and prove him wrong.

Or have the decency to apologize if you cannot.

Wait, aren't you the same person who on IRC was saying that the Bitcoinica hack was an inside job and that Zhou Tong was supposedly a mastermind behind all the hacks/stolen money in Bitcoinica and demanding proof otherwise and yet you're defending pirate without providing anything either?

You are a very talented mental acrobat.

(And if this is not the same person, my apologies).

[N12]

Wait, aren't you the same person who on IRC was saying that the Bitcoinica hack was an inside job and that Zhou Tong was supposedly a mastermind behind all the hacks/stolen money in Bitcoinica and demanding proof otherwise and yet you're defending pirate without providing anything either?

I have never claimed any of these things.

Also, the burden of proof is on the ones making criminal accusations.

[rjk]

Pirateat40 is awesome as usual, also sub.

[teflone]

Just get to making rum already...   
 

[bitdragon]

fascinating.
Something legal in the US, or something that is not clearly illegal, that produces massive returns with lenders spread around the world and traded on an exchange managed by someone in China, using bitcoin as an intermediary.
He goes by the name of a pirate and has a personality too.
You just can't make this stuff up and few dare to believe it is actually possible.

[MrTeal]

I'd buy a bottle or two of a nice dark rum.

[Realpra]

Earning 30% a week or what ever?

Yeah its possible in some instances for a short time, but HIGHLY unlikely to be rooted in the real world.

Investing in something not transparent is just stupid; its worse than gambling as you don't even know what game you are playing or the odds.

Even if pirate is not doing a ponzi scheme the kind of people he attracts are quite likely to fall for other ponzi schemes.


Bitcoin is completely revolutionary and super needed yet its value is only climbing with some 30% a YEAR, that should give you a hint.

To do even that on a regular basis you usually have to be facebook or asset strip companies.


Not revealing his secret formula? There's people on the internet earning money on fruit porn, unless he discovered alchemy I don't buy it.
Sounds SOO much like lehman brothers and the lot "we are so brilliant - two days later - your money is gone, bye!".

[ThomasV]

[Sukrim]

He doesn't have to run a Ponzi on his own - my guess is still that he "invests" in some Ponzi/pyramid game like MMM. If you read carefully, he never denied that, only that he doesn't Ponzi himself.

[bitdragon]

Bitcoin is completely revolutionary and super needed yet its value is only climbing with some 30% a YEAR, that should give you a hint.

What on earth are you talking about? It's been way more than 30% in my world. it's even more than 1000%

[PatrickHarnett]

Thank you Mr P for a nicely considered reply to some of the other threads.

It still amazes me that there are basically two groups of people, people who believe stuff can not be done (normally stupid), and those who go out and do it (a mix of smart and stupid people).  Mr P is in the second category and probably smart - and I have a friend  in the second category who is stupid and has $2M in the bank.

Ha ha ha (arrrgh - subbed)

[Timbo925]

subbing. Good to see some kind of statement

[grubles]

+1 pirateat40

[imsaguy]

Scammer and I have proof. I'm reporting you to the RIAA