Post
Topic
Board Bitcoin Discussion
Re: If Pirate Runs: The Danger of one entity with 500K BTC
by
Timbert33
on 21/08/2012, 18:00:56 UTC
What do you mean if he runs? Actually he won't need to run, he can stay right where he is, drop offline, and retire. There isn't one single f'n thing any of you can do about it either. This is the free market in all its glory. No regulations, no accountability, no recourse when you get fucked in the ass without any lube. Pirate will get away with this scot free. There will be all the hand wringing, all the apologists, and all the blaming of the victims. But in the end, it all comes down to there being zero accountability in this "free" market. If there is no punishment for theft, then there is no deterrent. Nobody has ever been prosecuted for a Bitcoin theft, and they never will be. So thieves and con men will continue to operate and win every single time. Pirate used the core greed that most people on this site have, and he used it to great effect. Nobody ever went broke underestimating the greed of Bitcoiners. In fact, a lot of people have gotten rich off of it.

So, how much have you contributed to Pirate's retirement fund?

$0. Nothing wrong with blaming the victims in this case. They are the fucktards that allowed themselves to be taken advantage of. 7% weekly interest rate is IMPOSSIBLE in any legitimate business no matter what. With the possible exception of a very SHORT TERM loan to sell drugs, or something like that. Regardless, it would not amount to millions of dollars and ridiculous interest rates over an extended period because you would pay back that interest and the loan to get full ownership of your business back ASAP so that you were making all the profit off of it. Thieves and con men won't win if people aren't morons, they'll just waste their time.