A day in the life of a pirate.

[pirateat40]

Very interesting!

One day I hope to be as successful as you.

All things considered, Bitcoin is a very small market and has tons of room to grow.  Find it before I do and I'll pay you for the idea.

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[bitlane]

It's times like this that I am thankful that BTCS&T Accounts are by referral ONLY.....and you can bet that after many of us have had to sit here and read this bullshit day after day with envious people spreading FUD because they couldn't get on the 'Pirate Train' early on....that NO ONE will be inviting any new people to jump on it now or any time soon.

Pirate, I for one want to say THANKS.

I know I have said it before, but there's no point in me being shy about in this thread.

THANKS for EVERYTHING.
bitlane.

[payb.tc]

THANKS for EVERYTHING.
bitlane.

likewise, thanks, and +1 for weighing in on this:

coins are coins regardless of where they come from

[ineededausername]

i learned a very simple thing: if something guarantees more than 7% per year it is likely not worth looking into it. they all blow up.

that said, i am incredibly eager to learn what your business really is, pirate. i bet it makes a great story..

When I can't make money doing it or just get tired of it, i'll let everyone know.  I promise you there will be a lot of people going "WTF, Damn, why didn't I think of that."

You can't tell me you haven't thought... If I had a Satoshi for every toothpick sold...

WTF, Damn, why didn't I think of making a massive ponzi

Kidding.  Thank you pirate

[Kluge]

I can tell you that GPUMAX alone is used by people in over 80 counties and gamers from all over the world.

That a clue? - Or maybe I misinterpret "gamers" 

[tgmarks]

Another solid response from pirate.  This guy is good at what he does, there is no denying that.

I'm curious about that gamers comment also.

[ArticMine]

...

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.

...

Well I thank you very much for clarifying this. My initial thought remains you are factoring Bitcoin receivables. It is also very likely that you are paying USD for them. This explains the need to hedge the currency risk by borrowing BTC and the need for uneven amounts of BTC. It is a perfectly legitimate and legal business provided that the underlying receivable is for something that is legal. I must admit that because of the very high return Silk Road did come to mind; however given how small the Bitcoin market is and the fact that it is not that easy to short BTC in order to hedge this, I can see how you can pay these high returns even if the underlying receivable is for something that is perfectly legal.

[rdponticelli]

Subscribing, finally, at one of these threads. The only one which isn't pure speculation...

[pirateat40]

It's times like this that I am thankful that BTCS&T Accounts are by referral ONLY.....and you can bet that after many of us have had to sit here and read this bullshit day after day with envious people spreading FUD because they couldn't get on the 'Pirate Train' early on....that NO ONE will be inviting any new people to jump on it now or any time soon.

Pirate, I for one want to say THANKS.

I know I have said it before, but there's no point in me being shy about in this thread.

THANKS for EVERYTHING.
bitlane.

Thank you.

[pirateat40]

I can tell you that GPUMAX alone is used by people in over 80 counties and gamers from all over the world.

That a clue? - Or maybe I misinterpret "gamers" 

Nope sorry, I don't spend time adding in hidden messages to my comments.  You would be surprise at how many users we gained from Twitter postings about GPUMAX that got circulated in the gaming community.  ie. Minecraft, WOW, COD

WHAT you bitcoin people think you're the only ones with nice video cards? 

[rjk]

I can tell you that GPUMAX alone is used by people in over 80 counties and gamers from all over the world.

That a clue? - Or maybe I misinterpret "gamers" 

Nope sorry, I don't spend time adding in hidden messages to my comments.  You would be surprise at how many users we gained from Twitter postings about GPUMAX that got circulated in the gaming community.  ie. Minecraft, WOW, COD

WHAT you bitcoin people think you're the only ones with nice video cards? 

You'd get more gamers if you added a paypal cashout, like EMC.

[Garr255]

Now, on with the show.

Would you consider producing a Bitcoin Savings & Trust branded rum? I think the two would complement each other quite nicely and plenty on these forums would buy it for the novelty value.

xD

[pirateat40]

Can you tell us if your business venture is converting the bitcoin you borrow to fiat or not? I'd like to invest in a PPT type thing but I wouldn't like to invest in a business that uses btc only as a transport mechanism for fiat. I'll understand if you think this would give away to much about your business model.

Well, the only reason Bitcoin is worth anything is due to it's value against fiat currencies.  At this point Bitcoin is a commodity and those that say otherwise have much more to learn.  I hope to be a part of what changes that and look to see Bitcoin as the currency others are based upon.  So to answer your question, I would say Yes, but it really depends on what you think Bitcoin is.

[pirateat40]

I can tell you that GPUMAX alone is used by people in over 80 counties and gamers from all over the world.

That a clue? - Or maybe I misinterpret "gamers" 

Nope sorry, I don't spend time adding in hidden messages to my comments.  You would be surprise at how many users we gained from Twitter postings about GPUMAX that got circulated in the gaming community.  ie. Minecraft, WOW, COD

WHAT you bitcoin people think you're the only ones with nice video cards? 

You'd get more gamers if you added a paypal cashout, like EMC.

Paying out USD is a whole different ballgame, but I know what you mean.

[Garr255]

Paying out USD is a whole different taxable ballgame, but I know what you mean.

[nrd525]

>> Don't tie up your cash unless you have to.

What are you doing with your cash/profits that is earning a greater than 7% return each week?

Do you have another project has an even greater return?  Or do you just like to spend money on consumer items?

I cannot think why you would put more into cash than enough to pay the minimum life essentials, if the alternative was to invest money at 7%/week.  I'd not solicit new funds, pay off the original investors, and use my own money.  

[pirateat40]

>> Don't tie up your cash unless you have to.

What are you doing with your cash/profits that is earning a greater than 7% return each week?

Do you have another project has an even greater return?  Or do you just like to spend money on consumer items?

I cannot think why you would put more into cash than enough to pay the minimum life essentials, if the alternative was to invest money at 7%/week.  I'd not solicit new funds, pay off the original investors, and use my own money.  

I don't know, my CPA should know, he should be making more than me right

No, in honesty.  Vegas, Fast Cars, Private Islands and Parties... what else?

[splatster]

>> Don't tie up your cash unless you have to.

What are you doing with your cash/profits that is earning a greater than 7% return each week?

Do you have another project has an even greater return?  Or do you just like to spend money on consumer items?

I cannot think why you would put more into cash than enough to pay the minimum life essentials, if the alternative was to invest money at 7%/week.  I'd not solicit new funds, pay off the original investors, and use my own money.  

I don't know, my CPA should know, he should be making more than me right??

No, in honesty.  Vegas, Fast Cars, Private Islands and Parties... what else?

Don't forget that you're also going to 51% the network and you are running a money laundering service.

[finkleshnorts]

I want to fully believe in this so bad. After reading this thread I am one step closer. I am so torn. So torn.

[pirateat40]

I want to fully believe in this so bad. After reading this thread I am one step closer. I am so torn. So torn.

It's easier just to watch.  Never trust a ...