Quote from: heatstroke on October 17, 2012, 04:37:06 AM

Quote from: TradeFortress on September 22, 2012, 01:25:33 AM

A very sincere thanks to all of the investors and savings holders! Your investment is fully insured - we will put an equal amount of your principal into a cold storage.

Insured by pirate debt

Now I'm off to plunder some loot from uniquely generate timely intellectual capital!

--vikingat40

You're doing it wrong. Having Insurance just means saying you'll never default Roll Eyes

Nonononono.

If you want the insurance, you have to send an amount equal to 20% of your weekly balance to me, every Sunday night. If V@40 defaults, then I will pay you some BTC, less my administrative fees, etc.

I am also offering insurance on the insurance. Just send me 20% of 20% of your weekly balance to me every Saturday night. If I default on the insurance payout if V@40 defaults, then the insurance insurance might be available to pay you, less my administrative fees, etc.

Feel free to ask about insurance insurance insurance, which covers you in the extremely unlikely case of a triple default. Really, what are the chances of that? Just put the rest of your funds in my ~~Bitcoinica~~ ~~Intersango~~ Mt.Gox account every Friday night, and if V@40 defaults, AND my first level insurance fails, AND my second level insurance fails, then you may meet with me in Belize or Argentina to discuss repayment.

I am also accepting bets regarding the likelihood of my default. I will be acting as the escrow agent. If you would like to bet that I am going to default, send me BTC in the amount of your bet. If I default on my other obligations, I will pay you 10x whatever you sent me. This is a good choice for young people who feel like insurance is for old people, or people of any age who enjoy the thrill of gambling.