I believe, to the best of my knowledge, that given the absence of any public financial disclosure and an extremely high rate of return that the Bitcoin Savings and Trust is a Ponzi scheme.
I'd like to make this a forum-based petition of bitcointalk users who agree with this. I don't want to do a poll, because I want people to commit their user name to this statement.
I'm interested in seeing how many people agree with me. I'd prefer to have any debate over this issue in a separate thread.
My theory is that if you want to develop community, then you need to figure out who to trust and what is a scam. Bitcoin has suffered from too many scams.
So if you agree, reply and say "I agree".
Well, I'm committing my username to the statement, "Pirate's BTCST is not a Ponzi scheme."
Also, please state your opinion on GPUMAX, a nontrivial piece of work with a nontrivial amount of hashes behind it. Please state your opinion on, as previous posters have mentioned, Pirate's publicly known identity and address.
Have you considered that if Pirate made it clear exactly what he was doing, everyone would be doing it? What financial disclosure, specifically, do you want from him?
Note that even mining gives 10% monthly returns (and more, if you use Pirate's wonderful GPUMAX service). The Bitcoin economy is a high-yield economy.