Looks like he's gone off the deepend... currently owes around 900BTC on his BTCJam loan, or roughly $100,000 at current exchange rate. Then there is all the shares that were sold too, and several trades that fell through on Ziggap where he owes people money.
Thats a lot of debt...
Topic: Either Ryan Schreiber, founder of Ziggap, has gone off the deep end or... (Read 1365 times)
May 07, 2013, 06:28:57 AM
May 01, 2013, 02:26:27 AM
I can't speak to the reddit threads, but several of the notes for the ZIGGAP loans used to start the business have come up for sale on the note trading boards. They're priced to move, but the payments come due today. If he's still making payments on the (very large) loan, I'd say that's a good sign of sanity.
If he throws up his hands and skips his debts, well, that'd be a good sign he goes off the deep end.
Next payment is due within the next 20ish hours.
https://btcjam.com/listings/584
If he throws up his hands and skips his debts, well, that'd be a good sign he goes off the deep end.
Next payment is due within the next 20ish hours.
https://btcjam.com/listings/584
April 28, 2013, 03:13:49 PM
Or someone is trying to make it look like he has. Redditors are currently debating the merits behind a post (purportedly made by ryan) that appeared briefly 7 days ago and was then deleted.
The OP claims that the post was made by /u/ZIGGAP, the reddit account tied to his name. Normally a service like unedditreddit would be able to uncover the details deleted post such as this, but I've been unable to find a working version lately.
Here is the current thread on reddit talking about it:
http://www.reddit.com/r/Bitcoin/comments/1crk44/did_anybody_else_just_see_this_posted_and_quickly/
And of course, Ziggap.com is down, now replaced by a weird "Caliber, Surround yourself with excelent people" text. It came online briefly 8 days ago, and at the same time /u/Ziggap claimed to be coming back online. The account's entire post history can be viewed here http://www.reddit.com/user/ziggap
Seriously though, what's up? We need other competitors to Bitinstant and easy ways to get BTC.
The OP claims that the post was made by /u/ZIGGAP, the reddit account tied to his name. Normally a service like unedditreddit would be able to uncover the details deleted post such as this, but I've been unable to find a working version lately.
Here is the current thread on reddit talking about it:
http://www.reddit.com/r/Bitcoin/comments/1crk44/did_anybody_else_just_see_this_posted_and_quickly/
And of course, Ziggap.com is down, now replaced by a weird "Caliber, Surround yourself with excelent people" text. It came online briefly 8 days ago, and at the same time /u/Ziggap claimed to be coming back online. The account's entire post history can be viewed here http://www.reddit.com/user/ziggap
Seriously though, what's up? We need other competitors to Bitinstant and easy ways to get BTC.
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