90btc
95 btc
Topic: 7-day auction: 1784.38 BTC in Shakaru debt - page 2. (Read 6320 times)
90btc
85 btc
Woot! Actually got something right for once.
On with the bidding now...
On with the bidding now...
Don't think I quite understand the gravity of the situation. Does it go something like this?
>Shakaru owes payb.tc 1784.38 BTC
>payb.tc doesn't know how long, and if, Shakaru will pay it off
>payb.tc will take the highest bidder from this auction, and Shakaru will owe the winner 1784.38 BTC, instead of payb.tc.
>Bidder wins auction for low price, and might make a profit if everything goes well for him
>Shakaru owes payb.tc 1784.38 BTC
>payb.tc doesn't know how long, and if, Shakaru will pay it off
>payb.tc will take the highest bidder from this auction, and Shakaru will owe the winner 1784.38 BTC, instead of payb.tc.
>Bidder wins auction for low price, and might make a profit if everything goes well for him
+10 You understand
Don't think I quite understand the gravity of the situation. Does it go something like this?
>Shakaru owes payb.tc 1784.38 BTC
>payb.tc doesn't know how long, and if, Shakaru will pay it off
>payb.tc will take the highest bidder from this auction, and Shakaru will owe the winner 1784.38 BTC, instead of payb.tc.
>Bidder wins auction for low price, and might make a profit if everything goes well for him
Yep. >Shakaru owes payb.tc 1784.38 BTC
>payb.tc doesn't know how long, and if, Shakaru will pay it off
>payb.tc will take the highest bidder from this auction, and Shakaru will owe the winner 1784.38 BTC, instead of payb.tc.
>Bidder wins auction for low price, and might make a profit if everything goes well for him
Don't think I quite understand the gravity of the situation. Does it go something like this?
>Shakaru owes payb.tc 1784.38 BTC
>payb.tc doesn't know how long, and if, Shakaru will pay it off
>payb.tc will take the highest bidder from this auction, and Shakaru will owe the winner 1784.38 BTC, instead of payb.tc.
>Bidder wins auction for low price, and might make a profit if everything goes well for him
>Shakaru owes payb.tc 1784.38 BTC
>payb.tc doesn't know how long, and if, Shakaru will pay it off
>payb.tc will take the highest bidder from this auction, and Shakaru will owe the winner 1784.38 BTC, instead of payb.tc.
>Bidder wins auction for low price, and might make a profit if everything goes well for him
again thanks everyone for bumping the thread... i should get this kind of drama going in all my auctions 
blah blah blah
blah blah blah
if you'll ever again auction 1700+ btc for btc 42+- please drop me a PM
and I'm not bidding. just a free bump and thanks for the reading material
Interesting thread. Best of luck to you payb.tc.
thanks! and thanks to amazingrando it just got ~3 btc more valuable: https://bitcointalksearch.org/topic/m.837285
Interesting thread. Best of luck to you payb.tc.
again thanks everyone for bumping the thread... i should get this kind of drama going in all my auctions
blah blah blah
blah blah blah
Posting this summary about the shakaru situation here so everyone has the same info about this debt:
-August 2011 shakaru sold mining contracts for 45+GH/s, for a total of more than $20 0000.
-Shakaru also started the two GLBSE companies SDM and SDM.LEVA, I am not sure how much he got from this, but he never bought the mining equipment the company contracts stated he was supposed to buy. These contracts are very clear and shakaru took the money from the IPOs and used it on personal stuff. Clear theft.
-Only a few of the smaller contracts ever started up, but they did not run for long.
-I had paid extra to be able to log into my mining rig remotely. I tried to do this one day after the rig had not been working for a few days. What I found was the rig mining on shakaru's own deepbit account.
-Shakaru has given various excuses for the problems, often changing his story, blaming it on other people scamming him, blaming it on the electricity company etc. Many of the stories have been totally unrealistic and many of them have been exposed as pure lies. For example, he blamed the forum user mrbashfoo for running of with 4 4U racks of hardware, 15 x 5830 graphic cards and more, but it turned out the only hardware mrbashfoo had gotten from shakaru was some stuff he was going to throw away.
-Trying to get shakaru to pay his debt has been a pure nightmare. Him dodging PMs, e-mails and Skype IMs. Always lying about when he could send you a few coins etc.
-It turns out that in addition to selling the mining contracts he has also been taking loans from various forum members, even when he knew he could not pay them back.
From freeway we have learned:
-Shakaru stole rent money that was given to him, and did not pay the rent resulting in them being evicted.
-He has spent a lot of money at the bar during this period.
-Shakaru bought a lot of very nice Christmas gifts this past Christmas.
-He never had mining equipment that could produce anywhere near the 45GH/s contracts he sold.
-At the moment he does not have anything of value or any mining rigs, he is broke.
All in all shakaru is a theif, pathological liar and a scammer. I do not think anything he says should be trusted. The only way I see him getting hold of any money to pay back his debt is if he runs another big scam here. That is why I am warning everyone about him. I do not like that he is running a trading bot at GLBSE and I think there is a good chance he will just steal all the money put into it.
-August 2011 shakaru sold mining contracts for 45+GH/s, for a total of more than $20 0000.
-Shakaru also started the two GLBSE companies SDM and SDM.LEVA, I am not sure how much he got from this, but he never bought the mining equipment the company contracts stated he was supposed to buy. These contracts are very clear and shakaru took the money from the IPOs and used it on personal stuff. Clear theft.
-Only a few of the smaller contracts ever started up, but they did not run for long.
-I had paid extra to be able to log into my mining rig remotely. I tried to do this one day after the rig had not been working for a few days. What I found was the rig mining on shakaru's own deepbit account.
-Shakaru has given various excuses for the problems, often changing his story, blaming it on other people scamming him, blaming it on the electricity company etc. Many of the stories have been totally unrealistic and many of them have been exposed as pure lies. For example, he blamed the forum user mrbashfoo for running of with 4 4U racks of hardware, 15 x 5830 graphic cards and more, but it turned out the only hardware mrbashfoo had gotten from shakaru was some stuff he was going to throw away.
-Trying to get shakaru to pay his debt has been a pure nightmare. Him dodging PMs, e-mails and Skype IMs. Always lying about when he could send you a few coins etc.
-It turns out that in addition to selling the mining contracts he has also been taking loans from various forum members, even when he knew he could not pay them back.
From freeway we have learned:
-Shakaru stole rent money that was given to him, and did not pay the rent resulting in them being evicted.
-He has spent a lot of money at the bar during this period.
-Shakaru bought a lot of very nice Christmas gifts this past Christmas.
-He never had mining equipment that could produce anywhere near the 45GH/s contracts he sold.
-At the moment he does not have anything of value or any mining rigs, he is broke.
All in all shakaru is a theif, pathological liar and a scammer. I do not think anything he says should be trusted. The only way I see him getting hold of any money to pay back his debt is if he runs another big scam here. That is why I am warning everyone about him. I do not like that he is running a trading bot at GLBSE and I think there is a good chance he will just steal all the money put into it.
7500 mBTC
75 btc
60 btc
I see so much shakarus 
It would be one of the greatest heists in the bitcoin community if shakaru ends up winning this auction below his original debt 
Is he even allowed to bid?
I thought about this, him bidding on his own debt will only push up the amount higher. Assuming he has the money he should let someone else win, then just pay it off. Why keep bidding it up, seems silly:/
People do this often. Shakaru still owes the total original debt and anyone that purchases the debt is entitled for shakaru to pay them all the debt that shakaru now owes the new loan holder. Just because someone buys the debt for any amount below the original debt amount does not mean shakaru can lessen the debt he owes.
In America, people lose their homes if they don't pay their mortgage or property tax bill and the property is auctioned off. The owner is entitled to bid on the house and is usually encouraged to do so by their lawyer.
Yeah. My brain was not working when I said that. I'm normally pretty sharp on this sorta stuff, lol. Sorry for the fail.
To good a deal to pass up at 50 BTC.
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