BOUNTY: kingkatari - default on loans - page 2.

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

Four months and seven days (129 days) have gone by without repayment.

I compound the amount owed daily, but at a rate as if it was compounded monthly. The formula I use is:

Code:

31*((1.09^(12/365))^[number of days since 4 August 2012])

As of 11 December 2012, KingKatari owes me 44.67772601 BTC. (This can be paid in USD, as per the original agreement.)

fbastage

full member

Activity: 367

Merit: 100

Another month, another non-payment.

amount owed has increased by 9% (3.9383126919 BTC) and thus bounty has increased (still 25% of owed amount, though that amount is now larger)

12/5/2012 3.9383126919 interest @ 9% 47.6973426019 $13.25
12/10/2012 missed payment. in default. amount due: $60 or 5 btc 47.6973426019 $13.40

mine is just 1 of 3 identical loans we are trying to recover. total bounty for all 3 loans is 35.7730069514BTC

fbastage

full member

Activity: 367

Merit: 100

still no scammer tag?

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

Quote from: fbastage on November 14, 2012, 12:28:26 PM

Quote from: BCB on November 13, 2012, 10:36:31 AM

If someone wants compile info on amounts owed and agreements etc. I might be interested in taking a look at it.

Thanks.

I was one of 3 people that gave him nearly identical loans of 31 (terms may vary slightly), so the amount owed is approximately 3 times what I have listed (star soccer and gladamas, though they may be accruing/calculating interest slightly differently).

Each of us has offered a 25% bounty on amounts recovered.

This is not including amounts he owes Distribution or other people.

Correct, although there may have been other 31 BTC loans from what I remember.

BCB

vip

Activity: 1078

Merit: 1002

BCJ

fbastage,

Nice work

http://pastebin.com/ijFAP2zk

I didn't even see that link. That's good stuff. Post that here in the thread with links. Makes it Googleable.

fbastage

full member

Activity: 367

Merit: 100

Quote from: BCB on November 14, 2012, 12:32:27 PM

Great.

Post or PM the docs.

(PM, email, phone, address, license, etc.)

Thanks

linked above (pastebin)

BCB

vip

Activity: 1078

Merit: 1002

BCJ

Great.

Post or PM the docs.

(PM, email, phone, address, license, etc.)

Thanks

fbastage

full member

Activity: 367

Merit: 100

Quote from: BCB on November 13, 2012, 10:36:31 AM

If someone wants compile info on amounts owed and agreements etc. I might be interested in taking a look at it.

Thanks.

I was one of 3 people that gave him nearly identical loans of 31 (terms may vary slightly), so the amount owed is approximately 3 times what I have listed (star soccer and gladamas, though they may be accruing/calculating interest slightly differently).

Each of us has offered a 25% bounty on amounts recovered.

This is not including amounts he owes Distribution or other people.

fbastage

full member

Activity: 367

Merit: 100

how recent was the video card sent?

Right before he disappeared he was allegedly in the process of moving. that was one of the reasons for needing the loan.

here's the information relating to my loan (log of agreement) and various bits of info I have found: http://pastebin.com/ijFAP2zk

Distribution

hero member

Activity: 711

Merit: 500

Fight fire with photos.

Quote from: jasinlee on November 13, 2012, 10:44:43 AM

Are you certain his information is correct? I can see what I can locate.

That's the same information where I mailed a video card.

jasinlee

hero member

Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Are you certain his information is correct? I can see what I can locate.

BCB

vip

Activity: 1078

Merit: 1002

BCJ

If someone wants compile info on amounts owed and agreements etc. I might be interested in taking a look at it.

Thanks.

Distribution

hero member

Activity: 711

Merit: 500

Fight fire with photos.

What's the total bounty offered on his defaults? He owes me money also.

fbastage

full member

Activity: 367

Merit: 100

bounty has just gone up, as of 11/5

bounty is 25% of this 43.75902991 debt:

date

amount

description

balance (btc)

price of btc

8/5/2012

31

initial balance

31

$10.90

8/5/2012

2.79

interest @ 9%

33.79

$10.90

8/10/2012

missed payment. in default. amount due: $60 or 5.263 btc

33.79

$11.40

9/5/2012

3.0411

interest @ 9%

36.8311

9/10/2012

missed payment. in default. amount due: $60 or 5.381 btc

36.8311

$11.15

10/5/2012

3.314799

interest @ 9%

40.145899

$12.80

10/10/2012

missed payment. in default. amount due: $60 or 5 btc

40.145899

$12.00

11/5/2012

3.61313091

interest @ 9%

43.75902991

$10.83

11/10/2012

missed payment. in default. amount due: $60 equivalent

43.75902991

$10.95

Aahzman

hero member

Activity: 602

Merit: 500

Your *what* is itchy?

Quote from: Phinnaeus Gage on October 18, 2012, 10:03:47 AM

Hit by a truck! Damn, thats gotta hurt. Hopefully he's not a drywaller like I used to be, otherwise he'll never be able to work again.

If yer in the Greater Toronto Area and lookin for some off-the-books work, I might have some stuff needing done at the condo i just bought... you may not be able to work full time/pro any more, but i'm sure you can still swing a screw-gun, trowel and mud float...

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

KingKatari also owes me 31 BTC + 9% interest/month with the same terms as fbastage's loan. I will match fbastage's bounty of 25%.

I got a slightly different number after calculating interest: 39.44126280 BTC owed ( 31*(1.09^2.79452055), the latter number (2.79...) being the number of months since my original loan on August 4, 2012.)

starsoccer9

legendary

Activity: 1630

Merit: 1000

I will also match fbastages bounty with the same money that he owes me

fbastage

full member

Activity: 367

Merit: 100

bounty available: 25% of debt (current total: 40.145899 BTC)

kingkatari owes me 31 BTC principle + 9.145899 BTC in interest (and 9% more each 5th of the month)

I would like to recover 75% of the total debt, 25% is yours.

I believe he has mining equipment that you might be interested in, in lieu of BTC.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: Aahzman on October 18, 2012, 10:09:16 AM

"I used to be a trustworthy bitcoin borrower, but then I took a semi truck to the knee..."

"I used to be a professional truck driver, till the day a drywaller crossed my path..."

Aahzman

hero member

Activity: 602

Merit: 500

Your *what* is itchy?

"I used to be a trustworthy bitcoin borrower, but then I took a semi truck to the knee..."

Topic: BOUNTY: kingkatari - default on loans - page 2. (Read 6360 times)