Re: History - Bitcoin Savings and Trust and Pirateat40 on Bitcointalk (PONZI)
If it’s clear, then how are your numbers so wildly incorrect? You must be missing quite a bit of information and just filling in the blanks with incorrect assumptions.
Maybe you forgot? I don't know.
Do you remember what happened in June 2012?
That month pirateat paid you BTC753 in interest that month, for the money you collected from other people.
You kept BTC451 for yourself (without risking one satoshi) and added BTC15 to the 'insurance/reserve fund'
The investors chopped up the other BTC287
https://bitcointalk.org/index.php?topic=75843.msg987574#msg987574
Not a fantasy. It's real.