There really is no reasoning with you because you flat out see it as a ponzi because of one or many of the following assumptions/premises, even though they may/may not by faulty:
- No business can earn 7%+ a week over the course of a long term.
- No business would borrow at 7% a week over the course of the long term.
- No business would continue to borrow at 7% over the course of the long term, instead opting to use their own funds/profits.
- Pirate has an insatiable appetite for more coins.
- Pirate won't reveal his day to day business operations.
Have I missed something?
That's a pretty comprehensive list, I think you covered all the bases.
Ok, now that we established the reasons you think its a ponzi, it is much simpler to talk about. Saying 'ponzi ponzi ponzi' doesn't make it one and its hard to rebut.
Now please explain how those items make pirate a ponzi. Don't pull in other stuff, use those items. You said it was a comprehensive list.
Right off the bat, I see items 1,2, and 5 as being patently false and not ponzi behavior, which leaves only 3 and 4, both of which need citation/documentation.