posted on Sep, 26 2012 @ 04:57 AM
This is kind of hilarious, if you know how to read into it.
I love Bitcoin and think it has serious potential, but stories like these show the mass stupidity of people.
Here, people who trust nobody, especially central banking, invest anonymous currency with anonymous person who steals $5 Million dollars through a
Pyramid scheme. Sounds like crime does pay for the smart guy. But not the stupid folks. And the guys who they trusted, get this , his name was
(Pirateat40), ... lol my ass off!
Bitcoin ponzi scheme – investors lose $5 million USD in online hedge fund
An invite-only online hedge fund that promised lucrative returns for investors called the Bitcoin Savings & Trust has shut down, and with it have
disappeared the service’s administrator — a user known in the digital currency community as pirateat40 — as well as millions of dollars’ worth
of the cryptocash, currently valued at around $11 USD per coin.