Quote from: imsaguy on July 10, 2012, 12:32:06 AM

Quote from: bitcoinBull on July 10, 2012, 12:11:55 AM

The wall isn't hit until the withdraws start. If the biggest investors aren't compounding, that means there's even less in there since they've been continually pulling their interest. Now its just about who's the first to pull their principal.

No derp. Let me explain it for you.. the largest accounts are taking interest payments, which means the little accounts would have to be depositing like crazy in order to pay for the large accounts. If the little accounts are depositing like crazy, they aren't going to be the little accounts anymore, which means they really AREN'T depositing enough which means pirate is finding the funds elsewhere... like profits, not ponzi. You idiots think the 7%ers are blind, but damn, you guys are failing basic logic now.

Or, the most likely explanation, is that the rate of creation of new accounts is increasing over time at a rate sufficient to cover interest payments (like most Ponzi schemes, until they collapse).

But debating all this is pointless, as pirateat40 divulges no information whatsoever. He does not even publish basic financial information, such as the total amount invested in BTCS&T, or deposits/withdrawals per week, which he could do without revealing his "secret business plan" (but he can't because revealing his books would expose the fraud...)