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).
I don't want this to happen again. I want the community to learn the maximum amount possible from this mess. And I see significant efforts to prevent the community from learning a lesson.yes; and i think the same.
but: to prevent a ponzi (i dont call pirate a ponzi for now; we just dont know for sure) we should invent good standards where people can easily compare investments. rants do not help. they do the opposite.
For those who argue the PPT operators did nothing wrong, should they do it again next time?
YES with a big big please
i want to think for myself and i really hate it when other people try to tell me what to do (even if it means that i get burned) - my parents hated me for this
Quote
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.
Again, the issue is what he paid Pirate to do. It has nothing to do with the service he provided or whether he was honest or lied about what he was doing. He knowingly paid Pirate to fraudulently transfer to him money that he knew was obtained from others on the false promise that it would be legitimately invested -- a transfer he knew was not in fact a legitimate investment.again: we still dont know for sure if it was a ponzi or not.
i still think that pirate tried to be honest but failed because of his clients - but i dont know.
what exactly to you want to prevent?
anonymous funds / projects?
ponzis?
i dont see any way to distinguish between them. and one of the reasons i love bitcoins is that i have the chance to keep my businness anon (btw this does not mean it is illegal by any way).