Payb.tc and Scummyfuck.

I am 99.99% convinced Pirate was operating a Ponzi scheme. That is, at least most of the time, interest payments on older deposits were made from newer deposits rather than any actual investment proceeds.

I guess that depends on how generously you want to construe the terms. For example, if the price of Bitcoin drops to $1 in four months and he pays people back the number of Bitcoins owed, does that count as him paying back? If he claims that he has to have copies of driver's licenses to pay back money and the vast majority of his investors are unwilling to do that, and he pays back everyone who submits the precise documentation he demands, does that count as him paying back? If people agree to a 10% payback because that's all it seems like they are likely to get, does that count?

By fair and reasonable criteria, I would put the odds of him paying back at around 1%. The criteria are roughly that his investors don't suffer losses that are significant relative to the amount they invested. The odds that everyone who paid Pirate bitcoins will get at least those bitcoins they deposited back are very, very low.

If he's not going to pay out anything, why give him info? And there's no way Hashking can know this.

7% per week and insolvency. No further evidence is needed.  Claiming something is a ponzi is the same as claiming there is no business model, no profit generator. You cant prove a negative,  its up to those who claimed it was not a ponzi but a legitimate business model that they knew and understood to demonstrate there was indeed one,  or at the very least that there could have been one that explained the 7%.


Quite the opposite. You shouted over and over it wasnt a ponzi, that implies you knew there was a business model behind it that could explain the 7%, but people such as yourself always claimed not to want to reveal it. So reveal it now, because all those posts of you, Imsaguy and tons of other pirate supporters are the only thing that lead to some credibility of pirate's business. Asbent that very vocal support, precious few people would have believed Pirate could possibly generate such returns and this thing would have collapsed a year ago. The onus has always been on Pirate and the Pro pirate team to prove there was a source of revenue for that 7% per week.   Absence of that would automatically mean it was a ponzi.


Im holding my breath.

Note that Sept. 9th is "sometime in September"

Anyone wanna make a bet? 

I was contacted by garr with terms. Garr said he represented op and was asked to find takers for the bet. My acceptance of the offer was rejected and i have no current offer.

I was contacted by garr with terms. Garr said he represented op and was asked to find takers for the bet. My acceptance of the offer was rejected and i have no current offer.

For full repayment? You really have not thought this through

I love these 12 post new members popping up to take bets on already defaulted debt.   

If it is too good to be true...

Pretty sure his "trusted escrow" will be another account of his. lame..

Your a new member, why should anyone take this serious?  We have plenty of people to sidebet with.   You must be an old member making a new account or you would not know enough about this to really bet.