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Author Topic: Look at a pirate, eye to eye if you dare.  (Read 57052 times)
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July 30, 2012, 10:38:36 AM
 #181

Pirate's operation is called Bitcoin Savings & Trust.  We're trying to access that trust part.  Some of us don't have the time or money to fly to Vegas to check the guy out.  Would I have gone if I had the opportunity?  Yes, yes I would have.  But that possibility was unrealistic.

Chances are you would not have been invited, just like teflone.

He was the first to answer to this thread, and seemed the most interested user. And then what? Oops, forgotten to call?

Sometimes you just have to try harder if you really want something to happen.

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July 30, 2012, 10:47:30 AM
 #182

I can confirm BurtW did teach us how to play Craps.

It seems that actually pirate "teached" BurtW how to really play craps Cheesy

https://bitcointalk.org/index.php?topic=94900.msg1064624#msg1064624
Certainly, between them they must control what? $300k in coins? More?
More.


Also I'm not quite up to date - what's the situation with the Vegas show Pirate's supposed to be appearing at?
Just got back.  Had a fantastic time.  Met a lot of great guys in person that I had only known through this forum, various IRC and Skype rooms.  Had a long chat with pirateat40 over dinner.  We played craps for hours together.  At one point when we were down a few thousand he made the bet that ALL the other numbers would roll before a 7.  I believe this bet pays 178 for 1 and I tried to talk him out of this "sucker bet".  The very next shooter got on a very hot roll and made pass after pass.  At one point I looked over at the running bet and it turned out that every number had come up (before a 7 out) except the 5.  I asked the shooter to "roll us a 5 please", Pirate offered him $100 to do it on the next roll and I will be damned, he rolled a 5!  We had a fantatic night, Goat saw the whole thing and can verify my story.

Rode the NYNY roller coaster with copumpkin three time in row.  Met Reeses, one of the funniest people I have ever met.  Goat, Gigavps, and several others.

Obviously I am biased since I am one of the six owners of the PPT.x zero coupon bond system (see https://bitcointalk.org/index.php?topic=76594.0 for more details.)  I am still pissed we did not make the list. We were the first to market.  We coined the term PPT for "Pirate Pass Through".  I think we deserve the free advertising just as much of more than any of the other "PPTs".

The point is:  if you are so concerned about all this why the hell didn't you show up and chat with Pirate in person yourself?  Why didn't all the "anti-pirate" crowd not send even one single representative to Vegas?  I got my airline ticket at the last minute and got the flight and hotel for less than 500 bucks.  Surely, between the lot of you anti-pirates you could have scrounged together $500 to send one guy to meet him and report back to your clan.
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July 30, 2012, 11:20:23 AM
 #183

Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?

If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.
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July 30, 2012, 11:59:04 AM
 #184

Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?

If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.

Most of us already know what Pirate does, we have known for months.
Very funny.
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July 30, 2012, 12:19:20 PM
 #185

Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?

If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.

Most of us already know what Pirate does, we have known for months. I did not go to unlocked the secrets of Pirate. He has been very open about what he does.

My personal funds will stay with pirate. I went to Vegas cuz I have never been and thought this would be an epic time to go.

It was legendary:)

Let me just quote you on this for the record so that if it turns out it was stealing or defrauding people, you admitted being an accessory to the crime.

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July 30, 2012, 12:34:41 PM
 #186

Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?

If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.

If they tell you then everyone will begin doing it  Smiley

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July 30, 2012, 12:43:26 PM
 #187

Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?

If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.

If they tell you then everyone will begin doing it  Smiley

Well if 'they' 'know' then whats to stop the from doing it aswell? If they know, and can't/don't want to tell us then say so. Ambiguous comments will just fuel further speculation and accusations.
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July 30, 2012, 01:15:57 PM
 #188

If some of you guys expected anything else from this thread - you are being naive.
Anyone who went there, went to have some fun, meet people and take time off.

Glad you had a blast!
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July 30, 2012, 04:05:33 PM
 #189

Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?

If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.

Most of us already know what Pirate does, we have known for months. I did not go to unlocked the secrets of Pirate. He has been very open about what he does.

LIKE THIS

My personal funds will stay with pirate. I went to Vegas cuz I have never been and thought this would be an epic time to go.

It was legendary:)

Let me just quote you on this for the record so that if it turns out it was stealing or defrauding people, you admitted being an accessory to the crime.

Right, because totally can't edit other people's posts when you quote them.  That will hold up well Roll Eyes.

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notme
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July 30, 2012, 04:10:46 PM
 #190

Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?

If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.

If they tell you then everyone will begin doing it  Smiley

Well if 'they' 'know' then whats to stop the from doing it aswell? If they know, and can't/don't want to tell us then say so. Ambiguous comments will just fuel further speculation and accusations.

Because I've got other shit to do and pirateat40 pays me enough to let him handle it.  Sure, if he were more open he could potentially get more investors, but he would definitely have more competition.  Also, I'm not sure he needs more investors.  OMG, it might not be a ponzi Tongue.  Seriously, if it was a ponzi, don't you think he would take some of the advice about reassuring new investors?

In other words, pirate's sitting pretty and doesn't need to give a shit about all the people with nothing better to do than brainstorm crazy ass theories.

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July 30, 2012, 04:14:38 PM
 #191

Perhaps the pirate is a group of people. Then when the ponzi collapses everyone is looking for a non-existent pirate. Of course I could be wrong.

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July 30, 2012, 04:17:35 PM
 #192

Also, I'm not sure he needs more investors.

Since he is lifting all referral restrictions in August, doesn't it seems like it?

Seriously, if it was a ponzi, don't you think he would take some of the advice about reassuring new investors?

He doesn't need to find new investors himself, he delegated that job to all the passtrough-programs.
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July 30, 2012, 04:29:02 PM
 #193

Also, I'm not sure he needs more investors.

Since he is lifting all referral restrictions in August, doesn't it seems like it?

Meh, seems like he's finally going to have a more robust website that will make the marginal cost of having another lender lower.

Quote

Seriously, if it was a ponzi, don't you think he would take some of the advice about reassuring new investors?

He doesn't need to find new investors himself, he delegated that job to all the passtrough-programs.

Anyone who invests with a pass through without trusting the pirate needs their brain checked.  The pass throughs are honest about where the money is invested.

Quote
Perhaps the pirate is a group of people.

I don't think so, but at least it would explain why gigavps is so consistently talking about *a* pirate.

 Roll Eyes

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July 30, 2012, 04:33:45 PM
 #194

As Goat said, with a little thought I had figured out what he was doing before I went.  

I must be too stupid to figure it out then.

Quick question though: If I would have figured out how to make 10% on a weekly basis with minimal risk I would have leveraged my ass off, halted all my other activities and performed the scheme for a year straight. After this (or may be a bit sooner) I would have handed it over to a friend I completely trust for a fee and spent the rest of my days traveling the globe with my my multi million dollar equivalent of buying power.

You say you know what he does. So why don't you?


Edit:

Sorry about the overall tone of the post. It usually takes a lot to annoy me but everyone has his buttons to press. Calling something which I find complicated I put considerable effort in trying to resolve "simple" is one of my buttons. It's like reading a paper where it says "it is trivial to see"  after which I need several hours to deduce what is so trivial to see. Infuriating  Cheesy

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July 30, 2012, 04:42:57 PM
 #195

Consider how this appears from those outside looking in.  Some of the biggest names in Bitcoin meet with the 'biggest dog' (known, that is) in Bitcoin.  Yet, after this meeting, not much at all is said.

Thanks for your post. I can appreciate you being open and honest about your desire for me to confirm or deny facts. Consider my point of view though. I would like to think that I have a pretty good reputation on the forums because I have always tried to be helpful, share information and be respectful (most of the time). I hope I have earned this respect / trust over the last year and I would like to think that it is worth something.

That said, all of pirate's detractors here on the forums are on a witch hunt. If I confirm or deny ANYTHING, they will twist what I say to fit their point of view and keep the flame war going. So, I am in the unenviable position of "damned if I do, damned if I don't". The hostile environment created here is not conducive to sharing information in a way that is either helpful or respectful.

I have confirmed along with others on the forums that pirateat40 showed up and we had a good time.
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July 30, 2012, 04:47:16 PM
 #196

Well it kinda is insulting as I used the exact same strategy. It could be the insult is justified of course, but that doesn't make it less annoying Wink

Curiosity killed the cat.

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July 30, 2012, 04:47:24 PM
 #197

That said, all of pirate's detractors here on the forums are on a witch hunt. If I confirm or deny ANYTHING, they will twist what I say to fit their point of view and keep the flame war going. So, I am in the unenviable position of "damned if I do, damned if I don't". The hostile environment created here is not conducive to sharing information in a way that is either helpful or respectful.

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July 30, 2012, 05:11:46 PM
 #198

Consider how this appears from those outside looking in.

That said, all of pirate's detractors here on the forums are on a witch hunt. If I confirm or deny ANYTHING, they will twist what I say to fit their point of view and keep the flame war going. So, I am in the unenviable position of "damned if I do, damned if I don't". The hostile environment created here is not conducive to sharing information in a way that is either helpful or respectful.

all publicly disclosed info about pirate's operation quacks like a duck.  ducks are illegal and damaging to almost everyone that goes near, and some people *really* hate them, so they're going to scream every time they hear another quack.

saying you're not a duck doesn't prove anything, and saying you know he's not a duck and that we can trust him—because he pays you (on time!)—doesn't prove anything.  basically, take the heat and enjoy your money imo.
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July 30, 2012, 05:24:42 PM
 #199

...
Consider how this appears from those outside looking in.  Some of the biggest names in Bitcoin meet with the 'biggest dog' (known, that is) in Bitcoin.  Yet, after this meeting, not much at all is said.

For example, nothing is said about...
1)  If Pirate appears as he does in the photos that are believed to be of him
2)  If Pirate discussed his operations or continuing plans for operation with those who attended
3)  If Pirate seems (opinion, of course) as though he is acting in the best interest of his lenders
4)  If Pirate seems (opinion, of course) as though he is acting in the best interest of Bitcoin
...
Here's the thing.  Pirate has said things like "I'm looking to pull one bigger than my Bitcoin."  It's a big mistake for him to say something like this.  As I've said before, I'm almost completely sure about what Pirate does, but when he makes statements like that, it's really quite stupid of him if he wants to be truly successful.  It was solely because of those types of comments that I withdrew my PPT investments.  I don't even think Pirate has even said something along the lines of, "To my lenders -- I have your best interest at heart."  

To people that have a lot of money to begin with (i.e. those that flew to Vegas), it's easy to say "have trust in actions!" and forget the words, but to those without a lot of money, those words cast a large shadow of doubt.

Pirate's operation is called Bitcoin Savings & Trust.  We're trying to access that trust part.  Some of us don't have the time or money to fly to Vegas to check the guy out.  Would I have gone if I had the opportunity?  Yes, yes I would have.  But that possibility was unrealistic.

Now, with regards to you, GigaVPS, we assume that you are a lender, just like us, and are no different than the rest of us in the sense that we assume that you are a simple Pirate investor.  However, vague responses like "I have seen a Pirate, and he looks like a Pirate," while ultimately playful in nature, appear much different to the rest of the community.  It seems as though you are intentionally hiding something, or that Pirate has asked that you not reveal too much about what was discussed, etc.

Given that this forum has been virtually obsessed with Pirate's operation for the last 2 months, you have an opportunity to help relieve some of the community's worries.  Care to help us out a bit?

On a side note, Pirate, if you're reading this, consider what I just said.  You could actually have more investors deposit (more than you do already, thus allowing yourself the opportunity to profit even more) if you yourself alleviated some of these worries rather than displaying your typical brazen attitude.  That attitude might work because you have leverage, and you have the leverage you do because of your wealthiest lenders.  But, there are little guys here too who prefer reassurance rather than brazenness.  
The Joint, that was an eloquent post. It really sums up a lot of things well, and I thoroughly enjoyed reading it. I thought it worth mentioning that.

I sincerely hope at least some of your (and, by extension, many peoples') honest, genuine, and reasonable concerns will eventually be adequately addressed by those with the credibility, integrity, and morality to do so.

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July 30, 2012, 05:46:42 PM
 #200

I will use this window of opportunity and I offer the opportunity to others thought the PPT.x bond system.

since you've never met nefario, did anyone verify that your real-life identity matches the id glbse has on file?

this will be useful since if anyone loses money on ppt.x they can go after you personally.  what you are selling each week is debt.    you are in a partnership that is selling debt.  with a partnership, each partner is jointly and severaly liable for the fully amount of the debt.
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