Thanks for your comments dance4life, I feel much the same way.I see for instance that the Pirate Derivative "B" is offering a return of 6.75% per week. It's been ticking over nicely for the past three weeks but if you think about it, it would have to keep on paying out for at least ten before you see any return on your investment.I have no doubt Frog means well - I see that other people on GLBSE also like to get users to invest in their own portfolio as a way of hedging some of the risk but I really don't understand how some of the numbers are supposed to work - as I said my own manager (who incidentally is my Mentor and introduced me to the Bitcoin) is the most successful Hedge Fund Manager I know and even being based offshore with every investment mechanism known to man at his fingertips he hasn't pulled in this much.In any case I've decided to take a few Bitcoins from some of my more stable ventures on GLBSE (Hot tip : Rare Earth Metals) and sink them into some of the more dubious schemes. I'd rather risk a few of my Bitcoins then see you all lose your hard earned cash in some elaborate Ponzi scheme. I'll let you all know how it goes but frankly if you want to see the truth just cross your arms and hold off on investing for a few months.V.Quote from: dance4life on June 21, 2012, 04:18 pmUghh..I hate to do this to anyone in the community, but this is simply wrong. Not only that, but if you want a derivative of Pirate's bond's there are other derivatives of pirates bonds paying more than 5% on the GBLSE that are listed on the exchange.Frog, you must understand that essentially you MAY be ripping people off with your savings account. What will happen when/if Pirate defaults and then your money + investors money is gone? Then it will be time for a new screen name and identity on this website because you essentially will be hated and no better than a Tony or GummyStars.I would advise you not to follow through with this scheme. Or if you do, at least call it what it is. A high risk derivative of a bond that will most likely not pay out sometime in the future given these current interest rates. I promise if you take some finance classes at school you will realize there is a definite reason Pirate is paying 7% per week. Either it is straight through drug laundering, which has an expiration date on longevity, or it is a pyramid scheme which may/may not have a shorter shelf life span than laundering.It doesn't really matter what he is doing. Just don't be an idiot and get burnt on this b/c there are plenty of other good opportunities on the GBLSE. Good luck.