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Author Topic: 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM  (Read 79162 times)
myrkul
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August 19, 2012, 05:50:12 AM
 #201

Aliens could have used special technology to simply append them to the block chain too. 

You can not always prove a negative, but as no ASIC's have been seen in the wild I doubt that they have been doing 28% of the hashing for 9 months.

You're probably right. Still, if you'd invented a money tree, would you sell the seeds?

Only if selling the seeds got me more money than I could make off the trees.

Sell the seeds, buy gold. ('cause the money's gonna be worthless when that next crop comes in)

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August 19, 2012, 05:57:38 AM
 #202

Aliens could have used special technology to simply append them to the block chain too. 

You can not always prove a negative, but as no ASIC's have been seen in the wild I doubt that they have been doing 28% of the hashing for 9 months.

You're probably right. Still, if you'd invented a money tree, would you sell the seeds?

Only if selling the seeds got me more money than I could make off the trees.

Sell the seeds, buy gold. ('cause the money's gonna be worthless when that next crop comes in)

Which would make even more sense if ASIC devs were the ones now selling coins, before they obliterate the market by releasing them.

I'm bullish, but sometimes I wonder if I should just shut my mouth...

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myrkul
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August 19, 2012, 06:09:27 AM
 #203

Which would make even more sense if ASIC devs were the ones now selling coins, before they obliterate the market by releasing them.

I'm bullish, but sometimes I wonder if I should just shut my mouth...

Relax. Worst case scenario, difficulty goes up. Hardly the end of Bitcoin.

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nazgulnarsil
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August 19, 2012, 06:45:15 AM
 #204

Hey guys I've been away from bitcoin for approx 1 year (was a GPU miner before that).  Is there a thread explaining all this pirate stuff?  I have no idea what's going on.
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August 19, 2012, 06:53:27 AM
 #205

Hey guys I've been away from bitcoin for approx 1 year (was a GPU miner before that).  Is there a thread explaining all this pirate stuff?  I have no idea what's going on.

Pirate used to offer 7% interest / week, now that it's closing down there's not much incentive to buy bitcoin as a way to get 28% interest / month

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myrkul
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August 19, 2012, 06:54:24 AM
 #206

Hey guys I've been away from bitcoin for approx 1 year (was a GPU miner before that).  Is there a thread explaining all this pirate stuff?  I have no idea what's going on.

The details are scattered everywhere, but the basic run down is that Pirateat40 created this thing, that he calls Bitcoin Savings and Trust. He accepts deposits, and was originally offering up to 7% weekly interest. He now has control of a significant percentage of the world's Bitcoin supply, and has announced that starting Monday, he will be shutting down business and returning the investments, along with any owed interest. It is speculated that:

He is (was) running a Ponzi.
He is (was) running a money laundering scheme.
He is (was) running a legit investment scheme to allow big players to enter the market without drastically distorting it.
He will be returning all the money come monday, and everyone will end up happy.
He will be (and indeed may already have started) running off with all the money, and nobody ends up happy.

Among other things. Basically, Grab some popcorn, you've come back at the right time.

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bitfoo
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August 19, 2012, 07:02:46 AM
 #207

Hey guys I've been away from bitcoin for approx 1 year (was a GPU miner before that).  Is there a thread explaining all this pirate stuff?  I have no idea what's going on.

Wow, good luck. These days I find it hard to catch up after even a day of being away.

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August 19, 2012, 07:11:51 AM
 #208

Hey guys I've been away from bitcoin for approx 1 year (was a GPU miner before that).  Is there a thread explaining all this pirate stuff?  I have no idea what's going on.

The details are scattered everywhere, but the basic run down is that Pirateat40 created this thing, that he calls Bitcoin Savings and Trust. He accepts deposits, and was originally offering up to 7% weekly interest. He now has control of a significant percentage of the world's Bitcoin supply, and has announced that starting Monday, he will be shutting down business and returning the investments, along with any owed interest. It is speculated that:

He is (was) running a Ponzi.
He is (was) running a money laundering scheme.
He is (was) running a legit investment scheme to allow big players to enter the market without drastically distorting it.
He will be returning all the money come monday, and everyone will end up happy.
He will be (and indeed may already have started) running off with all the money, and nobody ends up happy.

Among other things. Basically, Grab some popcorn, you've come back at the right time.

Except for Pirate, of course.
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August 19, 2012, 07:13:10 AM
 #209

Hey guys I've been away from bitcoin for approx 1 year (was a GPU miner before that).  Is there a thread explaining all this pirate stuff?  I have no idea what's going on.

The details are scattered everywhere, but the basic run down is that Pirateat40 created this thing, that he calls Bitcoin Savings and Trust. He accepts deposits, and was originally offering up to 7% weekly interest. He now has control of a significant percentage of the world's Bitcoin supply, and has announced that starting Monday, he will be shutting down business and returning the investments, along with any owed interest. It is speculated that:

He is (was) running a Ponzi.
He is (was) running a money laundering scheme.
He is (was) running a legit investment scheme to allow big players to enter the market without drastically distorting it.
He will be returning all the money come monday, and everyone will end up happy.
He will be (and indeed may already have started) running off with all the money, and nobody ends up happy.

Among other things. Basically, Grab some popcorn, you've come back at the right time.

Except for Pirate, of course.

He probably will be paranoid and worried of being caught from stealing that much $, so he may not be happy either lol
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August 19, 2012, 07:13:59 AM
 #210

Hey guys I've been away from bitcoin for approx 1 year (was a GPU miner before that).  Is there a thread explaining all this pirate stuff?  I have no idea what's going on.

The details are scattered everywhere, but the basic run down is that Pirateat40 created this thing, that he calls Bitcoin Savings and Trust. He accepts deposits, and was originally offering up to 7% weekly interest. He now has control of a significant percentage of the world's Bitcoin supply, and has announced that starting Monday, he will be shutting down business and returning the investments, along with any owed interest. It is speculated that:

He is (was) running a Ponzi.
He is (was) running a money laundering scheme.
He is (was) running a legit investment scheme to allow big players to enter the market without drastically distorting it.
He will be returning all the money come monday, and everyone will end up happy.
He will be (and indeed may already have started) running off with all the money, and nobody ends up happy.

Among other things. Basically, Grab some popcorn, you've come back at the right time.


HAHAHAHA oh WOW.  This is indeed funny.  Caveat emptor indeed in the wild west of a new economy. Thanks for taking the time to explain things.
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August 19, 2012, 07:17:39 AM
 #211

Thanks for taking the time to explain things.

He's famous for that. Thanks from me too.
myrkul
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August 19, 2012, 07:19:23 AM
 #212

Hey guys I've been away from bitcoin for approx 1 year (was a GPU miner before that).  Is there a thread explaining all this pirate stuff?  I have no idea what's going on.

The details are scattered everywhere, but the basic run down is that Pirateat40 created this thing, that he calls Bitcoin Savings and Trust. He accepts deposits, and was originally offering up to 7% weekly interest. He now has control of a significant percentage of the world's Bitcoin supply, and has announced that starting Monday, he will be shutting down business and returning the investments, along with any owed interest. It is speculated that:

He is (was) running a Ponzi.
He is (was) running a money laundering scheme.
He is (was) running a legit investment scheme to allow big players to enter the market without drastically distorting it.
He will be returning all the money come monday, and everyone will end up happy.
He will be (and indeed may already have started) running off with all the money, and nobody ends up happy.

Among other things. Basically, Grab some popcorn, you've come back at the right time.

Except for Pirate, of course.

True. I thought about changing that, but by the time I realized, it was too late, so, meh.
(view image for full size)

HAHAHAHA oh WOW.  This is indeed funny.  Caveat emptor indeed in the wild west of a new economy. Thanks for taking the time to explain things.

No problem. Like I said, It's a fun time to be watching from the sidelines.

He's famous for that. Thanks from me too.

Smiley

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Spekulatius
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August 19, 2012, 11:57:39 AM
 #213


(view image for full size)

Wow, awesome pic!
myrkul
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August 19, 2012, 12:06:29 PM
 #214

Can't claim it, got it off the "Putting your money where Pirate's mouth is" thread, but it neatly sums up my estimation of tomorrow's events, so I blatantly stole it for use here. Wink

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runeks
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August 19, 2012, 04:56:36 PM
 #215

Wrong. It costed a big fat zero.
The 0.01022427 value is the change lol
https://blockchain.info/tx-index/16394734/d2f25503cf1ddf56c65635d449b17c72c32e696cd7f4fca1aeb94392675f19ba
Quote
Fees    0 BTC
Or maybe he sent 0.01022427 BTC and 100,000 BTC is the change...
salty
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August 19, 2012, 05:12:05 PM
 #216

Wrong. It costed a big fat zero.
The 0.01022427 value is the change lol
https://blockchain.info/tx-index/16394734/d2f25503cf1ddf56c65635d449b17c72c32e696cd7f4fca1aeb94392675f19ba
Quote
Fees    0 BTC
Or maybe he sent 0.01022427 BTC and 100,000 BTC is the change...

Well that would be a cheap way to try fuelling the dip, wouldn't it!
Jutarul
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August 19, 2012, 05:40:31 PM
 #217

Lol. I guess it was the perfect bluff.

Use 5k BTC to tear down a wall. Then use 100k BTC to scare the shit out of everybody and make them panic sell. He didn't have to spend a single BTC of the 100k.  Grin

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August 19, 2012, 05:45:19 PM
 #218

Lol. I guess it was the perfect bluff.

Use 5k BTC to tear down a wall. Then use 100k BTC to scare the shit out of everybody and make them panic sell. He didn't have to spend a single BTC of the 100k.  Grin

Lol at whoever has this address
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August 19, 2012, 05:50:52 PM
 #219

Is there a way to find out if it was change indeed?
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August 19, 2012, 05:53:52 PM
 #220

Is there a way to find out if it was change indeed?

It was not.


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