Re: History - Bitcoin Savings and Trust and Pirateat40 on Bitcointalk (PONZI)

roflmao.

I know I'm new here but why does this forum support people that run ponzi schemes?

Quote from: OgNasty on April 03, 2014, 10:35:23 PM

Well, common sense has to play a role as well. Is there anyone who thought Patrick Harnett & Pirate were doing honest dealings? I certainly hope not. Pirate came out and said not to trust him several times as well as hinting that he was engaging in illegal activity. Even TradeFortress' lending site didn't pass the sniff test. I also suspected ukyo & graet were trying to get rich playing the spread between their loans and the ones TradeFortress was brokering and thus kept a close eye on them selling off my stake as soon as they became unresponsive.

Mr. Nasty discusses his in-depth knowledge of pirate's scheme above and mentions pirateat40 coming out several times saying not to trust him and hints to engaging in illegal activity, all of which Mr. Nasty was aware of..

He had this knowledge while he was participating -- operating as a passthrough -- and -- encouraging new users to join?

This is the most trusted user here? Shocked

Quote from: OgNasty on April 03, 2014, 07:11:14 PM

For a short time I ran an insured deposit program. Nearly everyone who participated (over 90%) got out with significant gains, but the few who stayed in through the collapse were paid their insured amounts and were quite satisfied, as most of them were already in the green at that point as well. I would say I ran the only one that didn't burn anyone and I was 100% open about the entire thing. There was nothing dishonest about what I did and I'm surprised you would insinuate as much.

roflmao