Quote from: eroxors on September 08, 2012, 04:53:28 AM

Quote from: JoelKatz on September 08, 2012, 04:31:11 AM

Quote from: eroxors on September 08, 2012, 04:07:47 AM

Joel... you're being an argumentative asshole. Patrick is willing to provide ample personal information to anyone depositing with him which provides plenty of recourse should anything happen. Why not troll some where else?

I'm not being argumentative. I'm only repeating the same argument because I have yet to get any rational response to it. My point has nothing to do with his personal information or recourse. People had Madoff's personal information and he appeared to have large assets that would provide recourse. All of that is just not relevant. People think that someone can't be a criminal just because they know them. Well, guess what, criminals don't live in cement cages they do not leave, at least not before they're caught. Scammers know how to convince people they are ordinary, trustworthy folks. And many criminals don't care to hide their identity -- especially since nobody has yet been prosecuted for a Bitcoin-related theft.

But more importantly, my point is that there is no known explanation for how he could be doing what he claims to be doing other than that it's a scam. And there is no imaginable other explanation for why he would need or want a constantly increasing supply of other people's money at exorbitant interest rates.

There is simply no way a rational businessman would take all this risk and pay such high rates unless he was making a significant profit. And the first thing a rational businessman would do when making a significant profit is pay off his absurdly-high interest debts. And if the risk is high and he nevertheless had the funds to cover losses, the most rational think to do with those funds would be to loan them and thereby get rid of his high-interest debt. No rational person would have $50,000 in a bank account and still borrow the equivalent of $50,000 in BTC at exorbitant rates.

The only known explanation is that it's a scam.

Do you have some kind of response to this argument? Or are you trolling?

What the hell is your problem? Do you think you are intellectually superior to everyone else? Is your life so miserable that you devote pages of ranting to a service you aren't even invested in?

+1