Payment sent!
http://blockchain.info/tx-index/32615274/808fc5748af9ad9eb8b666d511fc21a4e358f08d2fda671642f1af6f142561f6
http://blockchain.info/tx-index/32615274/808fc5748af9ad9eb8b666d511fc21a4e358f08d2fda671642f1af6f142561f6
Received.
Thanks.
Topic: [DONE] Selling Bitcoinica's debt. 35 btc loan. (Read 1936 times)
FYI
Dec. 1st, 2012 18.75 Repayment address.
1LfYYk1oRSw6ig5GC4Udnotqzsj1BvFg4T
do you still want payment to this address?Dec. 1st, 2012 18.75 Repayment address.
1LfYYk1oRSw6ig5GC4Udnotqzsj1BvFg4T
YES.
Thanks.
FYI
Dec. 1st, 2012 18.75 Repayment address.
1LfYYk1oRSw6ig5GC4Udnotqzsj1BvFg4T
do you still want payment to this address? Dec. 1st, 2012 18.75 Repayment address.
1LfYYk1oRSw6ig5GC4Udnotqzsj1BvFg4T
FYI
Dec. 1st, 2012 18.75 Repayment address.
1LfYYk1oRSw6ig5GC4Udnotqzsj1BvFg4T
Dec. 1st, 2012 18.75 Repayment address.
1LfYYk1oRSw6ig5GC4Udnotqzsj1BvFg4T
not crying, solving problems.
i would use bitcoinica again, iff it was not run by the same incompetent people.
i would use bitcoinica again, iff it was not run by the same incompetent people.
https://bitcointalksearch.org/topic/m.670720
Oh the glorious irony.
Oh the glorious irony.
25 BTC Loan
40 BTC Payback
PayBack Schedule
December 1st, 2012 18.75
If Bitcoinica pays back before Dec 1st 2012 PayBack will be 40BTC
If Bitcoinica pays back after Dec 1 st 2012 payback will be 21.25 (ie. 40BTC - 18.75 Paid on Dec. 1st 2012.)
Send me an address.
Deal.40 BTC Payback
PayBack Schedule
December 1st, 2012 18.75
If Bitcoinica pays back before Dec 1st 2012 PayBack will be 40BTC
If Bitcoinica pays back after Dec 1 st 2012 payback will be 21.25 (ie. 40BTC - 18.75 Paid on Dec. 1st 2012.)
Send me an address.
14Ub6uBpPGYHMEbr7deUAr5FxP6L2jdNef
Thank you!
25 BTC Loan
40 BTC Payback
PayBack Schedule
December 1st, 2012 18.75
If Bitcoinica pays back before Dec 1st 2012 PayBack will be 40BTC
If Bitcoinica pays back after Dec 1 st 2012 payback will be 21.25 (ie. 40BTC - 18.75 Paid on Dec. 1st 2012.)
Send me an address.
40 BTC Payback
PayBack Schedule
December 1st, 2012 18.75
If Bitcoinica pays back before Dec 1st 2012 PayBack will be 40BTC
If Bitcoinica pays back after Dec 1 st 2012 payback will be 21.25 (ie. 40BTC - 18.75 Paid on Dec. 1st 2012.)
Send me an address.
If Bitcoinica does part-payback but not 100% payback, does the part-payback go to the lender or to you?
to the lender of course. Anything i get from bitcoinica, related to my claim, will go to the lender.Would they get the partial payback and the 18.75?
example 1:
in december i payback 18.75 btc.
in januar i gets paybacked my 40 btc
i then payback 40-18.75 btc = 21.25btc.
example 2:
in december i payback 18.75 btc.
in januar i gets paybacked a part of my 40 btc, 20 btc
i then payback 20 btc, and have a rest debt of 1.25btc, in case bitcoinica pays me back the other 20btc(or just 1,25btc)
in any case i will maximally only payback 40 btc, but 75% of the loan will be payed back.
If Bitcoinica does part-payback but not 100% payback, does the part-payback go to the lender or to you?
to the lender of course. Anything i get from bitcoinica, related to my claim, will go to the lender.Would they get the partial payback and the 18.75?
If Bitcoinica does part-payback but not 100% payback, does the part-payback go to the lender or to you?
to the lender of course. Anything i get from bitcoinica, related to my claim, will go to the lender. 
If Bitcoinica does part-payback but not 100% payback, does the part-payback go to the lender or to you?
BUMP! edited OP! still looking for lender.
new terms:
25 btc loan.
75% garenteed payback by christmas(18,75 btc).
full 40 btc repayment when/if bitcoinica pays me back.
the math are:
chance*(debt-loan)+(1-chance)*(-loan+payback*loan)
so on a 30% chance that bitcoinica will payback, lender wins.
Fair?
if by "payback" you mean "guaranteed fraction" then the math is correct. However I'm not sure I'd agree that the lender wins. Christmas is a long time away, and you have to take the time value of money into account. Here in the BTC Wild Wild West, 1% weekly is very common. This significantly devalues the "Christmas" part.25 btc loan.
75% garenteed payback by christmas(18,75 btc).
full 40 btc repayment when/if bitcoinica pays me back.
the math are:
chance*(debt-loan)+(1-chance)*(-loan+payback*loan)
so on a 30% chance that bitcoinica will payback, lender wins.
Fair?
its not a 15btc back guarantee, its a 50% back guarantee.
OIC yes but the 50% back doubles that, so 32btc, if you thrust me 100% that im keeping my word.
You got your math wrong
If there is a 40% chance that the 40 BTC are sent back, and a 60% chance that they are not (meaning the lender will receive only 15 BTC), then the expected value is 40*0.4+15*0.6=25. So it would be a bad operation to give you 30 BTC for this.If P is the probability of Bitcoinica money being paid back (between 0, default, and 1, certainty), then people should buy this option for no more than 80*P/(P+1). So, if lenders think that there is a 40% chance that Bitcoinica pays back, they should not pay more than 22.85714286 BTC in any case. And even that would mean a 0% loan for many months in the "mean" case.
With a 10% chance of payback, the maximum that a lender should lend is 7,27272727 BTC.
.1 * 40 + .9 * 15 = 17.5
Obviously, the lender is also losing time value and is the one running the risks. The factor of most importance, in any case, is how much the lender trusts kokjo and Bitcoinica to keep their words.
new terms:
25 btc loan.
75% garenteed payback by christmas(18,75 btc).
full 40 btc repayment when/if bitcoinica pays me back.
the math are:
chance*(debt-loan)+(1-chance)*(-loan+payback*loan)
so on a 30% chance that bitcoinica will payback, lender wins.
Fair?
25 btc loan.
75% garenteed payback by christmas(18,75 btc).
full 40 btc repayment when/if bitcoinica pays me back.
the math are:
chance*(debt-loan)+(1-chance)*(-loan+payback*loan)
so on a 30% chance that bitcoinica will payback, lender wins.
Fair?
yes but the 50% back doubles that, so 32btc, if you thrust me 100% that im keeping my word.
You got your math wrong
If there is a 40% chance that the 40 BTC are sent back, and a 60% chance that they are not (meaning the lender will receive only 15 BTC), then the expected value is 40*0.4+15*0.6=25. So it would be a bad operation to give you 30 BTC for this.If P is the probability of Bitcoinica money being paid back (between 0, default, and 1, certainty), then people should buy this option for no more than 80*P/(P+1). So, if lenders think that there is a 40% chance that Bitcoinica pays back, they should not pay more than 22.85714286 BTC in any case. And even that would mean a 0% loan for many months in the "mean" case.
With a 10% chance of payback, the maximum that a lender should lend is 7,27272727 BTC.
.1 * 40 + .9 * 15 = 17.5
Obviously, the lender is also losing time value and is the one running the risks. The factor of most importance, in any case, is how much the lender trusts kokjo and Bitcoinica to keep their words.
yes but the 50% back doubles that, so 32btc, if you thrust me 100% that im keeping my word.
You got your math wrong
If there is a 40% chance that the 40 BTC are sent back, and a 60% chance that they are not (meaning the lender will receive only 15 BTC), then the expected value is 40*0.4+15*0.6=25. So it would be a bad operation to give you 30 BTC for this.If P is the probability of Bitcoinica money being paid back (between 0, default, and 1, certainty), then people should buy this option for no more than 80*P/(P+1). So, if lenders think that there is a 40% chance that Bitcoinica pays back, they should not pay more than 22.85714286 BTC in any case. And even that would mean a 0% loan for many months in the "mean" case.
With a 10% chance of payback, the maximum that a lender should lend is 7,27272727 BTC.
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