Quote from: DeathAndTaxes on November 12, 2012, 04:59:29 PM

Quote from: caffeinewriter on November 11, 2012, 08:45:01 AM

Okay, he's definitely going to run off with my 0.2 BTC. Combined, he might scrape together a few Bitcoins, but currently, I think he's legit. Enjoy your thoughts.

Do you understand how a ponzi works? Obviously Pirate didn't run off with the first couple BTC "invested" either and "amazingly" he also paid interest on time. That means he was legit right?

It is called trust building. In a couple weeks when he has 100 or so scammer shills (or honestly stupid patsies) like you, and weeks of profitable "investments" he will announce that due to unprecedented demand the cap will be raised to 10 BTC. Then sometime in the next couple months disappear with a lot more than 1 BTC. The more shills/dupes he can get get early on the larger the base and the more than can be stolen.

So you are either:
a) an idiot
b) a scammer how know it is a ponzi and trying to build it so you can profit at the expense of everyone who comes in later and loses.

Claims of "genuine" are simply a cover for a or b (could be either). So which is it? Idiot or scammer?

Definitely not a scammer. I've put too much work in my account. I'll go with idiot, even though I'm sure this isn't risk-free, I just am choosing to put my trust in him for now. It may be an idiotic move, but I'm not going to force anyone to put their money in there >_> It's everyone's own choice where they invest.