Quote from: BitLucky on August 17, 2012, 09:02:39 PM

Quote from: hgmichna on August 17, 2012, 08:53:25 PM

Quote from: BitLucky on August 17, 2012, 06:53:13 PM

Wow, lots of people believe they will see their funds again Undecided

I was going to say.

Stunning, isn't it? After all these very clear and explicit warnings.

By the way, the current bitcoin price drop may have been caused by the pirate selling his last bitcoins. Just speculating.

Yeah I agree, although I think the recent drop in price is due to panic selling. Surely Pirate wouldn't sell the BTC after his announcement?

Because he was hoping to operate his Ponzi scheme for longer, he may still have held some bitcoins for short-term liquidity. Now that he has seen people clamoring for their money, he had to shut down and launder these remaining bitcoins by selling them off.

Needless to say, few "investors" or perhaps nobody will see their bitcoins back. He will now say, I have an unexpected number of withdrawal requests; fulfilling them will take some time, etc. He might even fulfill a few small requests to buy himself some more time. But then it's game over.