Quote from: JoelKatz on September 07, 2012, 05:10:27 PM

Quote from: PatrickHarnett on September 07, 2012, 04:15:47 AM

I'm not a scammer. If you think I am, please find someone I have scammed rather than continuing with your lies.

Was it obvious all along that Pirate would one day have to default and be unable to repay principles deposited with him? If your answer is yes, why is it not equally obvious with you? If your answer is no, why would it matter whether I could or couldn't find someone you scammed? You couldn't find anyone Pirate had scammed until the day he stopped making payments.

Quote from: PatrickHarnett on September 07, 2012, 09:40:43 PM

On that logic, you are a scammer too - the presumption of guilt in the absence of evidence. I find that quite a silly stance to take, and if that is how you view the world, it must be an unhappy place.

Joel does make a good point. And I do appreciate the awareness he is raising on these boards.

However, I truly hate to see Patrick's name being drug through the mud. FWIW, I don't think for a second think he is scamming anybody. I know everybody said the same thing about Pirate, but I believe that 1% a week (R.I.P. Starfish Sad

), as outrageous an IRL rate as it may be, is very manageable given what I've gathered about the lending economy here. For now, at least. Of course it isn't (wasn't) risk-free, but Patrick seems intent on treating his depositors right, even when it costs him.

Why anyone (besides a miner) would borrow bitcoins is beyond me, though. Scary bull market is scary.