Well... on 18th there will be a BBQ in Sheffield and the Chief will accept BTC tips.

8%

Yes, but only if you go through someone else, because I cannot change the rules mid-game like this or I'd never hear the end of it. I should have thought of a better method in the beginning. My bad.

Okay I think I am retarded, I bet 1 BTC..... If pirate@40 doesn't pay out everyone by whatever date.... then I get 200% more BTC?

At this point (imo) paying out does not make this enterprize anything short of a ponzi. Prove me wrong, please.

err, what?
In a ponzi "payout" is impossible
If you mean because he is using the funds FOR WHAT HE BORROWED THEM FOR... no, no that is not a ponzi

If he's been operating a ponzi for 8 months and paying out interest from the deposits, where would he make up the short fall from in order to return the funds?

Under normal circumstances, that would be true, however given the large amount of money we're talking about that he has collected, it would be quite impossible for him to pay out his rates and still be considered a ponzi. Anyway, this is not a discussion thread for more people to share "opinions". There are plenty of those elsewhere. This is a thread for wolf cryers to pay the tax for spamming their baseless accusations, and Pirate is still the only one who can prove you wrong.

On that note, if you're positive he is a ponzi, you'd be silly not to make some easy money off of me by betting. If you're neutral on it, good for you. That's where you should be.

No, because he is not collecting the bets, if someone bets 1btc and wins, he sends 1btc, that person now has 2btc, 200%)

Title changed to: "I'm giving 100%(x2) away to anyone who thinks pirate is a fraud".

I think that explains enough for both sides.