"On the take"? Care to back that up? 

Most of us already know what Pirate does, we have known for months. I did not go to unlocked the secrets of Pirate. He has been very open about what he does.

What are you going to do with the share of dank's soul you'll own when he defaults?

if he was a scammer i'm pretty sure he would have taken the bitcoins and went to enjoy life instead of getting flamed on irc and forums 24/7..

I'm mostly curious about what are the "legalities" and "Real world contracts" he mentions?

Also, if somebody could explain me that sentence, I'm not sure if I understand it correctly:
"I'm going to be forced to pay everyone at once"

Does this mean paying everybody as soon as possible? Or does that mean paying everybody in one shot?

If Pirate was going to bail with the money, dude would be long gone by now.

Actually, I "know" what he was doing, and how he could make such profits. Now if on monday he hasn't paid back/post a news, I will explain the general concept. He was not a scammer, and it wasn't a ponzi, that's for sure. That doesn't mean he will be able to repay all of his debt.

And why would wanna legislate on the stupidity of people?

I think the bottleneck in this process is the market prices, no? 

I'm leaning more toward the idea that if Pirate were going to bail, he would be long gone by now.

Yes. But he has incentive to pay ppl back if it's legit bussiness

In my humble opinion, you are being dismissive because you're convinced that it would be best if everyone stopped investing in these schemes. Although I agree with the sentiment, that approach is hopeless. Regarding Vescudero and others, I don't think decreasing limits and lowering interest is typical Ponzi behavior. It could be a long con, and he could be thinking of expanding after gaining enough trust, but that kind of conviction borders on not being able to do any business with anyone remotely.

I think a lot of people think this way, so I don't see people beginning to withdraw because the scheme could be a Ponzi. One could easily make up a business model to collect money if the goal is to run with a measly 2600 BTC. He could come up with an idea like ASICMINER, run with tens of thousands of BTC and claim identity theft.


Might be luck, we don't know, though it's less probable by definition. By the way, if we are talking rationality, why return the funds ever? Either way, the funds are returned, so it's more quantitative proof to the contrary. You could even say that notme and chungenhung (and possibly others) have done a bad thing by being honest.

I don't prove it to people that start out calling me a ponzi.  Had you been an interested investor, it'd have been a different story.

Stupid indeed, eventually greedy and naive but nobody deserves to get robbed.
In the end it would be nice if the community works together to unstealth suspicious service and investments.

Proof?

Nice try, but no.  It has a bunch of hardware behind it.  I've got plenty of people that will attest to that.

Yeah, really, are you pirate or a shill, or are you just deeply invested and deluding yourself? I mean you defend every aspect of his business at every opportunity even though it's clear he's at the very least an irresponsible retard, and at worst a huge scammer. How on EARTH can you think it's possible to have a legitimate business that returns 7% a week for months on end? And if you DID have a business that did that, wouldn't you work on paying your interest and getting the business to belong solely to you as quickly as possible (which wouldn't take long at that growth rate)? Then you would increase your profits greatly, instead of wasting it paying interest.

Nothing about this entire situation makes sense, and I feel kinda bad for anyone retarded enough to believe this shit is legitimate.

Victims don't have a choice.

Pirate's self-imposed deadline was one week, yet Team Ponzi is already screaming scam/stall. It would be one thing if Friday comes and goes without any sign of funds. Then I'd be apt to start raising objections as well.

If you're completely calm and have no direct knowledge of how Pirate's operation works, you might be a little off in the head. If you're not even invested and have the gall to scream scam when there's no direct evidence, you're as confused as statist apologists.

As it stands, there are three more days. Save the pitchforks for the weekend.

Do you have any theories on why he would do this at all? It seems to me that it would make much more sense for him to just disappear with everyone's money. What does stalling buy him?