As you are aware, BST is in default. That means previously existing arrangements no longer apply and are irrelevant.
No, it doesn't. BST and BitcoinMax are two different entities, and Bitcoinmax's customers claims have to go to Payb.tc, not Pirate. When Bitcoinmax defaults because BST did that is Payb.tc's problem. http://online.wsj.com/article/SB10001424052970203513604577142602812291424.html 
Topic: [BitcoinMax.com] Closed - page 29. (Read 190168 times)
just for the record:
i am also fine with my details being forwarded.
i am also fine with my details being forwarded.
Yes, you and all of the other 50 BTC-worth accounts, play right into Trendon's plan and settle personally for 50%.
The guys with 5000 BTC accounts want NOTHING to do with him, so you will be over ruled, I am certain.
Withholding individual user info is the ONLY way everyone has a chance. Fuck Trendon and his plans of 'divide and conquer'.
Good job, BitcoinMax. Customer protection and integrity will atleast see you have a future....not so much for Trendon Shavers.
Nobody needs to settle personally with the pirate if you won´t.......and put your illgotten interest in escrow as well.......
provided the OP is ASAP completed by how bankrupcy proceedings will be carried out at bitcoinmax !!!
Cheers Zyk
The guys with 5000 BTC accounts want NOTHING to do with him, so you will be over ruled, I am certain.
You don't want any of your coins back then? As I mentioned earlier, he's got us all by the balls. Not good.He has NO ONE by the balls. HIS balls (Trendon's) shrunk up a few days ago once people began to PUBLICLY connect all of his 'dots'..
As I said before, it's far easier for him to offer a 25 BTC payout to a 50 BTC account holder (less USD value at stake) than it is for a 5000 BTC account holder to even consider accepting a 2500 BTC offer to close out.
If you notice Trendon's IRC offer, you MISSED 1 MAIN KEY POINT....
Quote
Payments will be processed directly by Bitcoin Savings & Trust to Pirate Pass-Thru sub-accounts upon verification and cleared of any outstanding conditions.
Please READ THE FINE PRINT.
The guys with 5000 BTC accounts want NOTHING to do with him, so you will be over ruled, I am certain.
You don't want any of your coins back then? As I mentioned earlier, he's got us all by the balls. Not good. just for the record:
i am also fine with my details being forwarded.
i am also fine with my details being forwarded.
Yes, you and all of the other 50 BTC-worth accounts, play right into Trendon's plan and settle personally for 50%.
The guys with 5000 BTC accounts want NOTHING to do with him, so you will be over ruled, I am certain.
Withholding individual user info is the ONLY way everyone has a chance. Fuck Trendon and his plans of 'divide and conquer'.
Good job, BitcoinMax. Customer protection and integrity will atleast see you have a future....not so much for Trendon Shavers.
if he pays out all the accounts he has info for, then he'll be paying payb.tc 168300+ btc.
he has info for me, and my account.
he has info for me, and my account.
Exactly what I wanted to hear. Thank you.
Please proceed to the queu where you can leave your finger prints
Thanks Zyk
can't we just skip ahead a few weeks to when pirate posts up he was about to pay but got hacked ?
Please don´t even think of deleting or changing your databases besides uniting the ill gotten interest in escrow.
As that would be the conclusive end to any proposed panic - hoarding
Thanks Zyk
As that would be the conclusive end to any proposed panic - hoarding
Thanks Zyk
just for the record:
i am also fine with my details being forwarded.
i am also fine with my details being forwarded.
It will be time to look forward, ( if coins are coming back or not).
I would be happy to see Bitcoinmax providing, in the near future , the same kind of services. Please propose a new xPT, with a steady revenue flow, and I will be your "customer" again.
I would be happy to see Bitcoinmax providing, in the near future , the same kind of services. Please propose a new xPT, with a steady revenue flow, and I will be your "customer" again.
Yep that would be the way you can generate your next paycheck and make up for failing to extrapolate the future this time !!!
but before that : for the sake of your customers, start dealing with the pressing demands of the present
And if you finally please get your sleepy head around this:......it is foremost your objective to enter in just!!! not selfish bancrupcy distribution
as if leaving the OP like that means you will be forced by your investors to hand over the data.......zykloogish?
Please heed my advice this time as nobody wants to see you teared and feathered in the end...... I love Bitcoinmax
Cheers Zyk
Sorry to tell you but please distance yourself now from " funny buiseness" and fix it in the OP, how you´d exactly distribute any payment from pirate!?
That's a great point zyk.
Given that partial settlement of accounts is very likely, it is not reasonable for the liable party (pirate) to allow PPT operators any discretion in distribution of returned funds.
That would make pirate responsible for PPT operator actions he has no control over. Ain't gonna happen!
Everyone who has lent to pirate, via PPT or directly, has to be treated equally.
Or else more whining, lawsuits, etc. That's why pirate needs the PPT account info.
Zyk and I can't be the only people here (besides St. Satoshi) who realize this, right?
and Lord Micon:)
It's been clear from the beginning that Bitcoinmax was nothing but a passthrough service only, with no insurance, liability or anything, completely dependant of Pirate. Having said that I'm a bit surprised that suddenly there's a "pay all or nothing" approach, instead of letting Pirate, who caused all this, sort things out directly without another middleman.
If there's any funny business going on within Bitcoinmax, this sudden "pay all or nothing" approach is it.
Sorry to tell you but please distance yourself now from " funny buiseness" and fix it in the OP, how you´d exactly distribute any payment from pirate!?
That's a great point zyk.
Given that partial settlement of accounts is very likely, it is not reasonable for the liable party (pirate) to allow PPT operators any discretion in distribution of returned funds.
That would make pirate responsible for PPT operator actions he has no control over. Ain't gonna happen!
Everyone who has lent to pirate, via PPT or directly, has to be treated equally.
Or else more whining, lawsuits, etc. That's why pirate needs the PPT account info.
Zyk and I can't be the only people here (besides St. Satoshi) who realize this, right?
I allow for my account details to be passed on to pirateat40
I'm fine with my info being send to Pirate too as I want this to be resolved as soon as possible and get over with it.
It's been clear from the beginning that Bitcoinmax was nothing but a passthrough service only, with no insurance, liability or anything, completely dependant of Pirate. Having said that I'm a bit surprised that suddenly there's a "pay all or nothing" approach, instead of letting Pirate, who caused all this, sort things out directly without another middleman.
It's been clear from the beginning that Bitcoinmax was nothing but a passthrough service only, with no insurance, liability or anything, completely dependant of Pirate. Having said that I'm a bit surprised that suddenly there's a "pay all or nothing" approach, instead of letting Pirate, who caused all this, sort things out directly without another middleman.
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Legally, if somebody has a contract with payb.tc or with anybody else, nobody outside that contract has any right to demand anything. The only sensible procedure is that your contract is fulfilled and the other contract, for example between payb.tc and the pirate, is none of your business.
That is true, but only up to the point of default. Which we have passed.
So those (now unenforceable) contracts are moot and worthless.
As a point of reference, please familiarize yourself with the aftermath of the Madoff implosion.
You will find that the Madoff feeder funds, AKA Ponzi passthroughs, unsurprisingly did NOT receive any money clawed back in the bankruptcy proceedings for redistribution to their FORMER customers.
it is very unlikely that i will be sending pirate the details of bitcoinmax accounts.
Do you mean that in the general sense of the complete account list, or even in the individual cases where you've been specifically asked to? Disclaimer: I'd like my BTCMax info passed to pirate ASAP, by the Fri deadline at the very latest.
i think this information is totally irrelevant to *my* account at BST.
Do you mean your personal account or the totality of the BTCMax PPT?
Either way, pirate's announcement of default and statement of terms for the ensuing wind-down make that information *very* relevant.
I hope you choose to accept the terms of the wind-down, so we (your customers) don't get left out of whatever settlement may be forthcoming.
One more thing, and this is a biggie. The reason pirate wants to pay us PPT customers directly is to ensure that there is no funny business with the settlements.
Lawyered up or not, at this point it makes sense for him to remove as much counterparty risk as possible, to best minimize chances of further uncertainty/rancor/dissatisfaction/unpaid accounts and ensuing litigation or other negative consequences.
i only have one account at BST. it contains everything.
whether there is any 'funny business' within bitcoinmax is also irrelevant to pirate and my BST account being paid out. if he can prove he sent ~168300 to me (and everyone by now knows my bst withdrawal address - 19kEo3qmuUdAQb1Q7VZhRwahw5v3NSZCeW), then that's as far as his responsibility goes.
As long as you do "funny buiseness" at bitcoinmax of course bitlane is first and your "investors" get zilch......
Sorry to tell you but please distance yourself now from " funny buiseness" and fix it in the OP, how you´d exactly distribute any payment from pirate!?
Would be silly if you yourself had an account at bitcoinmax...is it? I see , that the bitcoinmax site is down, so no data accessible right now for us.......
Please keep it safe.....as bitcoinmax was and still is the best service and bank interface in bitcoinworld !!.....many thanks for you payb.tc for all your efforts!
Its just that one can´t ignore asking a borrower about his buiseness model before laying out principal of your investors to him --- and if having done so....
you force him to disclose it on the way....or you yourself are responsible for the lost principle.....especially if you mix your coins , your investment in Bcst , the incoming
coins of account holders and your privat wallets the way you disclosed it to me.
Thanks Zyk
my guess is:
pirateat asked for that information to let all ppt owners think that he would only pay out principal.
as (most) of the ppt-owners have old accounts their principal is not very big compaired to their gained interest -> that makes them fear that if they disclose this information they get only a very small cut.
which results in what we see now: ppt-account holders try to convince ppt-owners to tell their info to pirate - and they dont want to. which basically means he could blame the ppt-owners now why it takes longer.
it just seems to be a "buy-time" tactic. and another good thing for him: many people thinks ppt-owners are scammers. with a little fud not all the dirt is thrown at him.
pirateat asked for that information to let all ppt owners think that he would only pay out principal.
as (most) of the ppt-owners have old accounts their principal is not very big compa
which results in what we see now: ppt-account holders try to convince ppt-owners to tell their info to pirate - and they dont want to. which basically means he could blame the ppt-owners now why it takes longer.
it just seems to be a "buy-time" tactic. and another good thing for him: many people thinks ppt-owners are scammers. with a little fud not all the dirt is thrown at him.
Sounds possible.
I'm sure the pirate cannot get away with this and keep his citizen's rights. There are only two possibilities:
- He has managed to keep his identity perfectly secret. Seems a bit unlikely to me, but is possible.
- He moves, or has already moved, to a country where he can safely hide.
it is very unlikely that i will be sending pirate the details of bitcoinmax accounts.
Do you mean that in the general sense of the complete account list, or even in the individual cases where you've been specifically asked to? Disclaimer: I'd like my BTCMax info passed to pirate ASAP, by the Fri deadline at the very latest.
i think this information is totally irrelevant to *my* account at BST.
Do you mean your personal account or the totality of the BTCMax PPT?
Either way, pirate's announcement of default and statement of terms for the ensuing wind-down make that information *very* relevant.
I hope you choose to accept the terms of the wind-down, so we (your customers) don't get left out of whatever settlement may be forthcoming.
One more thing, and this is a biggie. The reason pirate wants to pay us PPT customers directly is to ensure that there is no funny business with the settlements.
Lawyered up or not, at this point it makes sense for him to remove as much counterparty risk as possible, to best minimize chances of further uncertainty/rancor/dissatisfaction/unpaid accounts and ensuing litigation or other negative consequences.
i only have one account at BST. it contains everything.
whether there is any 'funny business' within bitcoinmax is also irrelevant to pirate and my BST account being paid out. if he can prove he sent ~168300 to me (and everyone by now knows my bst withdrawal address - 19kEo3qmuUdAQb1Q7VZhRwahw5v3NSZCeW), then that's as far as his responsibility goes.
Had. Not "have." As in, you "had" one account at BST. That is no longer the case, as we are now in bankruptcy proceedings and whatever BST/PPT corporate veils once existed now require piercing.
As you are aware, BST is in default. That means previously existing arrangements no longer apply and are irrelevant.
You must learn to start using the past tense when referring to your (former) BST account.
Let go of the cherished past and please, for the sake of your customers, start dealing with the pressing demands of the present and potentialities of the future.
Nobody is saying there is any funny business within bitcoinmax, but legal and practical strictures require pirate to act in such a manner as if there is or could be.
Pirate is not going to place himself in any position where the potential exists for a PPT operator to cut and run, leaving him on the hook to settle the accounts twice. It's a smart business move; I would do the same thing in his shoes.
Quote
it's pretty simple... he needs to pay out my BS&T account to my BS&T withdrawal address.
It is NOT that simple, no matter how strenuously you insist it is. When Madoff's Ponzi went bust, the money recovered did NOT go back to his feeder funds for redistribution.
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