Disclosure: I pulled all of my money from pirate. I had around $1000 dollars in it, which compared to my income is a large amount. I could no longer ignore the feeling in my gut.

That being said, this situation is getting to the point of ridiculousness. Pirate just keeps assuring people he is legit, without ever really doing anything else besides paying out 7%. He never states what he is doing, he just has some secret where he can pull BTC from some unknown source to give back to investors. It resembles a ponzi, I'm sorry but it does. I've watched the bonds issued by Goat and Foo grow every week as more and more people join in. Pirate can't prove he isn't a ponzi, and if anyone says contrary it just turns into a flame war and gets nowhere.

I don't know if it's legit, I don't know if it's illegitimate. Nobody does. The retarded amount of flaming is a sad state of affairs. I appreciate opposing view points, there is no reason not to. Investing money is serious business, and people deserve all the information they can get their hands on. Unfortunately, there isn't much information to be found. All people see is 7%. Until Pirate comes out and gives a detailed description of what he does, the theories will keep on coming.

Sorry pirate (assuming your legit) but it's inescapable. This is a very high risk investment due to the lack of information. I knew that when I signed up, and I'm sure others do to. You can't be mad when people point out the raging similarities between your operation and a ponzi.

1) No information
2) Nice returns for investors
3) Ever increasing amounts of money thrown your way
4) Capital based incentives (at this point)

You can't escape these claims until more transparency is provided about your operation. You won't. Sorry. Get used to it.

On Pirate's side are people assuring a legitimate operation based solely on returns (up to this point), which investment-wise is a fair point. On the other side are people pointing out the similarities between this operation and a ponzi, also a fair point. Bad news Pirate's side, your assurance is how a ponzi operation works, so it's not really evidence to the contrary.  

Anyone with their head not wedged tightly in their ass could step back and see the merits of the opposing argument. What they are saying DOES make sense, it looks EXACTLY like a ponzi. That doesn't mean it is, and it is up to investors to weigh the pros and cons before investing.

All this being said, since I cannot prove or disprove your legitimacy, I would like to thank you for my returns for 5 weeks. I had GLBSE investments provided by Goat and Foo and never had a problem with either of them.

If you are illegitimate, I'll see you in hell.

This is fair.

What exactly is this thread for then, with the new thread for announcements, etc?

Wow that's quite an emotional response?? Surely a legitimate business can handle clients discontinuing their participation and voicing their opinion why they made that decision, right?

And how is humanitee's post not "general discussion"? He didn't make any claims what you do, he just voiced his opinion and stated the reason for withdrawing.. What could possibly be more general than that?

Well you quoted humanitee but, unlike me, you replaced his post with "FUD", a post which only stated that he withdrew his "investment" and stated his reason why, hardly FUD(fear uncertainty destruction), I mean perhaps fear and uncertainty but certainly not destruction, he didn't even accuse of anything and surely a legitimate business should be able to survive a single client leaving, right?

Done

Same here.

I asked a while back if you need an invite with these new changes and never got any response ...

Can anyone deposit on the "starter" 100 BTC plan from 1 August ?

No it's not.

I stated what I did and stated why he gets the responses he does in this and other threads. You think it's bad now? Just wait. The bigger he gets the more positive and negative responses he'll elicit. Sorry, it's part of a healthy forum. Get used to it.

Here's my view on all this.  I personally don't think he is a scam/ponzi.  I am not saying that I don't have any doubts, because I have self-debated about the topic many times.  I don't have many BTC with him anymore, just enough to make a reasonable profit. 

What I think is bad, however, is what Blitz stated in https://bt.irlbtc.com/view/91552.0.
Summary of his thread:
Let's say that pirate is running a legit operation, it's still indistinguishable from a Ponzi.  What's to stop people from defending a real ponzi?

So.. there appears to be a whole lot of lenders, but no sign of borrowers paying the interest?

Have any pirate investors seen any episode of a show called American Greed? weeknights at 10pm on CNBC.