Quote from: JoelKatz on August 28, 2012, 01:07:40 PM

Quote from: mrdavis on August 28, 2012, 11:54:08 AM

I have yet to hear from someone who has gambled their bitcoins on Bitcoinmax who is shocked at the current state of affairs.

In other words, everyone associated knew, or should have known, that it was a scam. That means the operators of Bitcoinmax knew, or should have known, that they were participating in a scam.

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There might have been something to be said about trying to warn new folks about the risk. No more new folks are "investing" any longer. Perhaps after one of us clams we need an advocate you can try to assign blame for us, but I think everyone knows the blame lies with himself.

You're missing the point. The point is not what happened to the money he paid Pirate, the point is what he paid Pirate to do. The fact is, he knowingly paid Pirate to transfer funds to him that he knew, or should have known, were obtained from others on fraudulent the promise (credible or not) that they would be legitimately invested, knowing that such a transfer is in no way a legitimate investment.

(Again, I am only using Bitcoinmax as an example. I am not pointing blame at any specific people. I'm just refuting the argument that people who funnel money into Ponzi schemes are blameless for doing so because the blame instead rests with others.)

hi joelkatz

i dont unterstand you reasoning. i've read most of your posts and liked it.

but now you just do rant over rant about pirate. why? its over; please just stop this mess. i did understand your warning about "pirate selling pirate debt" - that was good (maybe a little to often).

payb.tc was VERY clear that he just passes money to pirate. as long as this passthrough existed there where many threads in this forum warning people about pirate - everybody should think for himself.

he was just offering a service for people (like me) which dont want to invest that much money at once but still would like to gain 7% interest. he did a very good job and was very open about it.

he made it clear when and how much he will pay. what's your problem with that?