I was saying that he wouldn't put a one-sided limit on withdrawals in writing. Has he?  I would think that would be a big red flag event to the credulous.

Hence it's a bonus for maintain the same amount (while still letting in new money).  Same effect, no red flag.

Yes. It might make sense to "prove" you're legit early on if the out-of-pocket is just a few hundred dollars (and I imagine some smaller-scale scamers do that with regular BTC loans). The risk-reward situation is different if you presuppose Pirate is already rich (while writing bad $500 checks for some reason, and having to scrounge for investors on a freaking web forum). I'm skeptical he was rich; if he paid everyone off, I'd probably drop the Ponzi talk.

He's penalizing deposits as well as withdrawals.  How many times do I have to say this before you actually acknowledge it?

Just say it a couple more times. Nobody in his right mind will believe it anyway.

There are so many obvious ways to lodge new deposits that your intention is equally obvious, just one of them being that he can bend his own rules. This had already been mentioned in this thread.

Why isn't everyone creating The Next Big Thing^TM? Wealth has little to do with the ability to understand an idea. There's a perspective shift required to make use of a situation, especially when it comes to new technologies. It's summed up well by the phrase:

"Why didn't I think of that?"

If everything Pirate is doing were confined exclusively to the Bitcoin economy, there would be no chance of perpetual operation; it would've been over almost three months ago. Instead, I think churn at the margins is being capitalized on. As long as that continues, there will be profit potential.

As I've suggested - gold and silver market management is extremely profitable for the entities involved, and it continues to be profitable for them even as the USD price rises. The same applies to Bitcoin on a smaller scale (for now). To understand how this is possible, that perspective shift is necessary. There are perhaps a few dozen prominent individuals with this view regarding gold, and they're mostly labelled as the fringe. Gold and silver continue to defy the skeptics, who happen to be the vast majority and many of whom are very wealthy.

How many big, wealthy household names understand Bitcoin (not that [m]any are even aware)? Does that make them right and us wrong, or do we share a unique perspective that they haven't been able to grasp?

miscreanity is spouting vague salesman-type Ponzi gibberish like its his job

lmao

nothing he says makes any sense

"churn at the margins is being capitalized upon"

Where is that irrefutable proof?
Didn't you start researching 2 months ago or around that time? Still no conclusion?

I wish that they would, but I'm not authorized to.

The rules don't take effect until the middle of the month...

cool list, just discovered this.

what's up with BDT (Bitdaytrade). nefario has locked the asset. anyone have any info? Why is it on the list here?