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Author Topic: I just considered the possibility that....  (Read 1312 times)
vokain
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July 05, 2012, 01:29:41 PM
 #1

I just considered the possibility  that PPTs could just skip Pirate and do the same, I mean who's to know?

How can we know? Does Pirate have a list of verified lenders? Seems like any schmuck can just start a PPT. Discuss.

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Ben Walsh (beamer)
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July 05, 2012, 03:16:10 PM
 #2

Why do you think the PPT.A ... PPT.E asset contract have the following ...

"These bonds will be partially insured and backed by a cartel of some of the most reputable and well known BTC lenders in the lending forums: BurtW, PatrickHarnett, dollartrader, hashking, imsaguy and ineededausername."

In this example, there are a bunch of posts to corroborate the statement in the contracts.

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July 05, 2012, 03:19:06 PM
 #3

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

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Brunic
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July 05, 2012, 03:21:18 PM
 #4

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Just check on the blockchain where the money goes.
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July 05, 2012, 03:23:23 PM
 #5

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Just check on the blockchain where the money goes.

does not work with glbse
Ben Walsh (beamer)
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July 05, 2012, 03:26:07 PM
 #6

I wouldn't touch a PPT based asset without a corroborated link to a user of the forums with a very good reputation.

There are far too many charlatans around.
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July 05, 2012, 03:28:26 PM
 #7

I wouldn't touch a PPT based asset without a corroborated link to a user of the forums with a very good reputation.

There are far too many charlatans around.

They're all going down anyways. The way I picture it: If the ponzi mothership explodes, so do the little ponzi ships.
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July 05, 2012, 03:40:55 PM
 #8

so does everyone that's in the way of them falling  Undecided

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July 05, 2012, 04:09:39 PM
 #9

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Just check on the blockchain where the money goes.

does not work with glbse

Actually it does - pirate seems not to use custom patches to keep his coins seperated, so it's not that hard to link at least large parts of his addresses together. With GLBSE it is the same, then you just need to check when how much money from some GLBSE address flows to some of pirate's addresses.

https://www.coinlend.org <-- automated lending at various exchanges. No fees(!).
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
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July 05, 2012, 04:11:34 PM
 #10

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Just check on the blockchain where the money goes.

does not work with glbse

Actually it does - pirate seems not to use custom patches to keep his coins seperated, so it's not that hard to link at least large parts of his addresses together. With GLBSE it is the same, then you just need to check when how much money from some GLBSE address flows to some of pirate's addresses.

thanks!
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July 05, 2012, 04:29:01 PM
 #11

I just considered the possibility  that PPTs could just skip Pirate and do the same, I mean who's to know?

How can we know? Does Pirate have a list of verified lenders? Seems like any schmuck can just start a PPT. Discuss.

I've thought about this too. In fact, a perfect way to "short" Pirate would be to establish one of these uninsured PPT bonds. Instead of sending the BTC to pirate, keep it in your own wallet and pay out the 6.whatever%. If pirate goes bust, apologize to everyone that their money was lost (after all, it was uninsured...) and keep the balance. If pirate continues longer than you can... well... that's the problem.
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