is very simple, if pirate is smarter to think of something before everyone else, he would be smart enough to cover up as much as he requires....just a thought.
Also for all the people who talk about pirate being a ponzi, just remember that, we as individuals are limited by our own intelligence. It allows us only to 'digest' whatever is within our own limited capacity to understand.....we only have the ability to think within our mind, if someone else is smarter, they just are....like pirate is....