I know what Pirate's doing

[the joint]

I've done some very analytic research, carefully analyzing all of Pirate's projects, posts, and relationships.  I'm 99.9% sure I know exactly what he's doing.

The good news is, it's not illegal, and although it could be considered a ponzi to an extent, it's far more profitable to him for it to not be a ponzi.

I'm not revealing what I believe it is yet, for a number of reasons.

But I also believe that while he could make a good chunk of cash by taking your BTC and running with it, this would also be very stupid of him, and it would be far less profitable for him long-term.

But damn, is it a good idea.

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[Tomatocage]

Oh.. yeah, me too.  And I'm not telling either.  Neener neener.

[Bitcoin Oz]

Competition is always good

[RoloTonyBrownTown]

k

[drakahn]

I have a guess that lines up with what you say, so, okay then.

[humanitee]

Trash thread is trash.

[mollison]

What I want to know is, what is motivating these super-aggressive naysayers? What do they stand to gain by scaring people away from pirate?

I think it's reasonable for people to warn of a potential ponzi, but some people have been super-aggressive about it lately (and suddenly), to the point of extreme rudeness.

[jojo69]

I just wish I could get a referral

[Vandroiy]

Well, sorry for being rude to a scammer.

I really wish we could all be nice to each other, but some people just prefer the money.

It's a good question though, what are we gaining? Hopefully, the respect of people that we put our time and name and nerves on the line to get this place to work better. I don't expect everyone to like this before the scheme runs with the remaining funds. But hopefully, this will look otherwise afterward.

If not, yes, then I've been a total idiot for trying to help people just to get insults for it. Time will tell I guess.

[pirateat40]

Well, sorry for being rude to a scammer.

I really wish we could all be nice to each other, but some people just prefer the money.

It's a good question though, what are we gaining? Hopefully, the respect of people that we put our time and name and nerves on the line to get this place to work better. I don't expect everyone to like this before the scheme runs with the remaining funds. But hopefully, this will look otherwise afterward.

If not, yes, then I've been a total idiot for trying to help people just to get insults for it. Time will tell I guess.

The day it's over all you have to do is use one of your other sock puppet accounts.  It's coming, you better be ready.

[RoloTonyBrownTown]

What I want to know is, what is motivating these super-aggressive naysayers? What do they stand to gain by scaring people away from pirate?

I think it's reasonable for people to warn of a potential ponzi, but some people have been super-aggressive about it lately (and suddenly), to the point of extreme rudeness.

Jealously?   Spite?   Who knows.   Perhaps they're just horrible people, who hate seeing other people making money when they're too cautious to try it themselves.

At the end of the day, who cares what they think.  They're just trashing their own reputations by being generally horrible trolls.

They may end up being right in the end, it's perfectly feasible, but the way they're going about it (and as you mention, their motives) is/are completely screwed.

As I've been saying over and over, we're all adults here (well, not all perhaps) and what we choose to do with our own money is our own business.  I for one don't need some random lecturing me about the risks.  I know the risks, thanks very much.  But as we're just hitting on now, this clearly isn't about them trying to be good people.  They have their own motives.

Forget them, not worth it.

[pekv2]

What's the point of this thread?

I know but not telling. Well, lock your thread and let it die in flames.

[mollison]

They've been demanding BTC/money from Pirate or else they'll threadspam the ponzi meme all over his threads.  I've heard they also tried DDOSing gpumax as well.

Do you have any evidence for this, or is it just speculation?

I have literally been trying to figure out, "How could someone make money by trashing pirate?" But this is the first thing I've hit upon (thanks to you).

Not trying to figure it out because I would do it, but just because these attacks seem to have become strangely programmatic and motivated in the last couple of days.

[bitcoiners]

Not trying to figure it out because I would do it, but just because these attacks seem to have become strangely programmatic and motivated in the last couple of days.

You know what I find amazing.  Asking him flat out what he's doing and having him flat out say he won't say.  And people are okay with this?  I see some of the biggest names on the GLBSE backing him like he's a god.  I'm seriously thinking of pulling all my bitcoin out of the GLBSE.  I just got started here and I don't think I want to be a part of this.  Whatever "this" is.

This is just from someone that has stumbled across the GLBSE within the last couple months.  A person with capital to invest but has a serious issue with how the people he invests with invests their money.

Have you all done lost your minds?

[RoloTonyBrownTown]

Not trying to figure it out because I would do it, but just because these attacks seem to have become strangely programmatic and motivated in the last couple of days.

You know what I find amazing.  Asking him flat out what he's doing and having him flat out say he won't say.  And people are okay with this? 

For the millioneth time, what business is it of yours what other people do with their own money?

You think people are crazy for investing, well whoopdedoo.  Remind me why I should give a shit.

[bitcoiners]

Not trying to figure it out because I would do it, but just because these attacks seem to have become strangely programmatic and motivated in the last couple of days.

You know what I find amazing.  Asking him flat out what he's doing and having him flat out say he won't say.  And people are okay with this? 

For the millioneth time, what business is it of yours what other people do with their own money?

You think people are crazy for investing, well whoopdedoo.  Remind me why I should give a shit.

Are you serious?  I just explained why.

[RoloTonyBrownTown]

Not trying to figure it out because I would do it, but just because these attacks seem to have become strangely programmatic and motivated in the last couple of days.

You know what I find amazing.  Asking him flat out what he's doing and having him flat out say he won't say.  And people are okay with this?  

For the millioneth time, what business is it of yours what other people do with their own money?

You think people are crazy for investing, well whoopdedoo.  Remind me why I should give a shit.

Are you serious?  I just explained why.

Oh, you explained why you're qualified to speak for everyone else and decide for them how they should invest their own cash?  

Again, I couldn't care less what you do with your money, please extend the same courtesy to everyone else.    I don't care what you or anyone else thinks.  We're all grown ups here, we can make our own choices based on the available facts, thanks very much.

If everyone would just mind their own business the trolling today would be almost non-existant.

[bitcoiners]

Not trying to figure it out because I would do it, but just because these attacks seem to have become strangely programmatic and motivated in the last couple of days.

You know what I find amazing.  Asking him flat out what he's doing and having him flat out say he won't say.  And people are okay with this? 

For the millioneth time, what business is it of yours what other people do with their own money?

You think people are crazy for investing, well whoopdedoo.  Remind me why I should give a shit.

Are you serious?  I just explained why.

Oh, you explained why you're qualified to speak for everyone else and decide for them how they should invest their own cash? 

Again, I couldn't care less what you do with your money, please extend the same courtesy to everyone else.    I don't care what you or anyone else thinks.

No, I didn't do that either. 

You need to take some meds or up the dosage or something.

Later

[RoloTonyBrownTown]

Later

Yeah, bye bye.

[vokain]

Later

Yeah, bye bye.

Third party; you're being an ass to Bitcoiners and you miss the point. He already explained he was getting out because a total default would have effects on the entire GLSBE market and Bitcoins overall, not just those invested in Pirate or his PPTs. You should care. This can affect EVERYONE.