dbox
Member
 Offline
Activity: 86
Merit: 10
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October 05, 2012, 06:22:17 PM |
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This Bitcoin community is too soft, bitcoiners are very easy to be abused with very good results...
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Phraust
Full Member
Offline
Activity: 206
Merit: 100
Mostly Harmless...
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October 06, 2012, 06:20:38 AM |
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Anyone else getting a 500 error when they try to login?  |
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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October 06, 2012, 07:31:36 AM |
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Anyone else getting a 500 error when they try to login? Login is dead for me too. No error here, just a blank page. Ente |
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strello
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October 06, 2012, 09:00:01 AM |
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It is futile to speak of liberty as long as economic slavery exists. My GPG key |
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zaj
Member
Offline
Activity: 103
Merit: 10
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October 12, 2012, 02:30:53 PM |
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soo.. the 12th and nothing happened  surprise |
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lile
Newbie
Offline
Activity: 41
Merit: 0
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October 12, 2012, 03:16:50 PM |
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soo.. the 12th and nothing happened surprise and what exactly was supposed to happen today? |
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jasinlee
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October 12, 2012, 04:05:51 PM |
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soo.. the 12th and nothing happened surprise and what exactly was supposed to happen today? Supposed paybacks by pirate. |
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lile
Newbie
Offline
Activity: 41
Merit: 0
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October 12, 2012, 04:13:35 PM |
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soo.. the 12th and nothing happened surprise and what exactly was supposed to happen today? Supposed paybacks by pirate. A: As of today the earliest estimated time that coins can begin moving is Friday, Oct 12th. I can only keep you updated on this date as I have more information. Don't know about that... |
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jasinlee
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October 12, 2012, 04:27:09 PM |
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soo.. the 12th and nothing happened surprise and what exactly was supposed to happen today? Supposed paybacks by pirate. A: As of today the earliest estimated time that coins can begin moving is Friday, Oct 12th. I can only keep you updated on this date as I have more information. Don't know about that... He is never going to payback so it doesnt even matter. |
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dbox
Member
Offline
Activity: 86
Merit: 10
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October 12, 2012, 04:27:22 PM |
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pirateatourcoins  |
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DutchBrat
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October 13, 2012, 11:36:26 AM |
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There is another Fri, Oct 12 in how many years? ??
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dbox
Member
Offline
Activity: 86
Merit: 10
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October 13, 2012, 11:47:55 AM |
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Is there any possibility that (some of) PPT were actually acomplices in this whole pirate scam thing? I wonder if paybtc got some share of bitcoins. The lack of information and activity regarding this matter is very suspicious.
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hgmichna
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October 13, 2012, 01:12:38 PM |
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Is there any possibility that (some of) PPT were actually acomplices in this whole pirate scam thing? I wonder if paybtc got some share of bitcoins. The lack of information and activity regarding this matter is very suspicious.
Very likely, but difficult to prove. Of course they now all say they didn't know. I personally believe that honest pass-through operators who really had no clue are very few and very far between. Consider that the Ponzi scheme had been exposed early on here in the forums, so actually everybody knew it was a scam. Some "investors" just did not want to know, because the pirate's version fulfilled their wishes so easily. But somebody who is able to establish and operate a feeder fund can hardly be that ignorant. |
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Shadow383
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October 17, 2012, 04:34:10 AM |
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Is there any possibility that (some of) PPT were actually acomplices in this whole pirate scam thing? I wonder if paybtc got some share of bitcoins. The lack of information and activity regarding this matter is very suspicious.
From the info the investigation turned up (and based on things that imsaguy and a few others said at the time) paybtc was getting more than 7%/Week (most likely 7.7%/Week). Ergo, from the size of the fund at collapse (~150k BTC) he was getting ~1k BTC per week of stolen funds from the ponzi scheme. |
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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October 17, 2012, 05:35:22 AM |
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Is there any possibility that (some of) PPT were actually acomplices in this whole pirate scam thing? I wonder if paybtc got some share of bitcoins. The lack of information and activity regarding this matter is very suspicious.
From the info the investigation turned up (and based on things that imsaguy and a few others said at the time) paybtc was getting more than 7%/Week (most likely 7.7%/Week). Ergo, from the size of the fund at collapse (~150k BTC) he was getting ~1k BTC per week of stolen funds from the ponzi scheme. "getting" implying that he would have gotten anything out in the first place. Its not like pirate paid out weeks ago, and payb.tc refused to pass it on or something.. Ente |
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Turbor
Legendary
Offline
Activity: 1022
Merit: 1000
BitMinter
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October 17, 2012, 02:14:20 PM |
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Is there any possibility that (some of) PPT were actually acomplices in this whole pirate scam thing? I wonder if paybtc got some share of bitcoins. The lack of information and activity regarding this matter is very suspicious.
From the info the investigation turned up (and based on things that imsaguy and a few others said at the time) paybtc was getting more than 7%/Week (most likely 7.7%/Week). Ergo, from the size of the fund at collapse (~150k BTC) he was getting ~1k BTC per week of stolen funds from the ponzi scheme. He made some coins with his service, so did others. Does that make him a scammer ? He never made a promise he could not keep. It was very clear that if Pirate defaults all the coins are gone. Simple as that. Edit: Imsa and the "few others" should keep their mouth shut. Some were backing the real scammer long after it was clear that he fucked everybody over. Not to speak about their profit... |
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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October 17, 2012, 03:22:25 PM |
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Is there any possibility that (some of) PPT were actually acomplices in this whole pirate scam thing? I wonder if paybtc got some share of bitcoins. The lack of information and activity regarding this matter is very suspicious.
From the info the investigation turned up (and based on things that imsaguy and a few others said at the time) paybtc was getting more than 7%/Week (most likely 7.7%/Week). Ergo, from the size of the fund at collapse (~150k BTC) he was getting ~1k BTC per week of stolen funds from the ponzi scheme. He made some coins with his service, so did others. Does that make him a scammer ? He never made a promise he could not keep. It was very clear that if Pirate defaults all the coins are gone. Simple as that. Edit: Imsa and the "few others" should keep their mouth shut. Some were backing the real scammer long after it was clear that he fucked everybody over. Not to speak about their profit... He could only have made some coins on withdrawals. From how ponzis and humans in general work, I guess there were not many withdrawals to begin with. How exactly was his cut calculated? - What % interest did he receive from Pirate? 7.7% it was stated? - What % interest did users receive? 7%? --> His profit probably was much lower than the total circulating/paper bitcoins suggest.. Ente |
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IveBeenBit
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October 17, 2012, 03:55:06 PM |
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Payb.tc's profits are irrelevant. He said he would pay 6.9% per week, and if Pirate defaulted, then he would also default. He stuck to his end of the deal. The talk of giving him a scammer tag is ridonkulous. This thread is 120 pages long. The first 90ish pages are post after post of people praising him for his interface and service. When Pirate folded, so did payb.tc, just like he promised.
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JoelKatz
Legendary
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Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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October 17, 2012, 04:15:51 PM |
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Payb.tc's profits are irrelevant. He said he would pay 6.9% per week, and if Pirate defaulted, then he would also default. He stuck to his end of the deal. The talk of giving him a scammer tag is ridonkulous. This thread is 120 pages long. The first 90ish pages are post after post of people praising him for his interface and service. When Pirate folded, so did payb.tc, just like he promised. The talk of giving him a scammer tag is not because he didn't do what he said he would do. The talk of giving him a scammer tag is because he paid Pirate to make his customers the recipient of fraudulent transfers. Essentially, the argument is that he knowingly (or in reckless disregard for the near certainty) paid Pirate to operate a scam. |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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October 17, 2012, 04:43:11 PM |
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Payb.tc's profits are irrelevant. He said he would pay 6.9% per week, and if Pirate defaulted, then he would also default. He stuck to his end of the deal. The talk of giving him a scammer tag is ridonkulous. This thread is 120 pages long. The first 90ish pages are post after post of people praising him for his interface and service. When Pirate folded, so did payb.tc, just like he promised. The talk of giving him a scammer tag is not because he didn't do what he said he would do. The talk of giving him a scammer tag is because he paid Pirate to make his customers the recipient of fraudulent transfers. Essentially, the argument is that he knowingly (or in reckless disregard for the near certainty) paid Pirate to operate a scam. Well.. Who didn't know the risk? You want to argue that payb.tc knew more than the users investing through him? That he knowingly kept things secret? Nah. He was scammed the same as his users. No idea why people are going after him now? Seems pretty ridiculous to me. Ente |
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