can't wait till the market takes dump #2.
pirateat40 is a daytrader, he needs a low price to buy back all the coins. at the moment he has not enough coins but fiat money.
You dont know that, and its very unlikely.
I was on IRC and his manner is like a typical daytrader which think he found out the holy grail of trading. I assume it is very likely he is a daytrader with a forex history.
I can also imagine where the figure 7 (percent interest) are coming form. In forex it is possible to earn 1-2% daily interest if you are a very good daytrader. Let us assume he will pay out a interest of 1% per day. Then it is not 5% a week like in forex (So/Mo to Fr), it is 7% a week with bitcoin (Mo to So).