It seems to be this thread is full of people arguing about a contact that nobody other than OP and Goat have read.
Isn't that a bit silly? Why don't one of you post a copy of the final signed contract so we can at least see what both parties agreed to?
Topic: Goat owe me 3740.35 BTC - page 17. (Read 22773 times)
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
Because it seems like you owe the guy something.
okay, i will ask you the same thing i asked him a year ago. what do i owe him, and why? he responded with "scammer, ill call fbi" a year later, please do not do the same.
I'm not involved at all and I did not read in-depth, but didn't you technically promise to pay him back 100 BTC per month and didn't do so? Shouldn't that be enough no matter what insults or threats he made later? Especially since you were one of the few who seemed to make good on their contracts even after Pirate defaulted (so did ineedausername, Hashking is a fucking scammer and so are many others).
It's none of my business, so I'll leave it at that, but you haven't convinced me you don't owe him anything.
Did you not read the contract? I said I would try my best to do so, and I did. The value of his bonds and more were lost. If anything he owes me.
Right now you own more than the value of the loan so you obviously did not do your best (you would be able to pay right this instant).
What am I missing here because you seem really convinced you are right
I see your point. But you are right, you are missing details that OP has not yet given out. Keep in mind OP did post he thought he was only owed the fiat value of what he invested from the start. You do not know why he thought this, but the fact that he thought this should clue you in on the fact things are missing from his story.
Anyway, I think I have a solution to all of this but will give some time to think it over and word it correctly.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
Because it seems like you owe the guy something.
okay, i will ask you the same thing i asked him a year ago. what do i owe him, and why? he responded with "scammer, ill call fbi" a year later, please do not do the same.
I'm not involved at all and I did not read in-depth, but didn't you technically promise to pay him back 100 BTC per month and didn't do so? Shouldn't that be enough no matter what insults or threats he made later? Especially since you were one of the few who seemed to make good on their contracts even after Pirate defaulted (so did ineedausername, Hashking is a fucking scammer and so are many others).
It's none of my business, so I'll leave it at that, but you haven't convinced me you don't owe him anything.
Did you not read the contract? I said I would try my best to do so, and I did. The value of his bonds and more were lost. If anything he owes me.
Right now you own more than the value of the loan so you obviously did not do your best (you would be able to pay right this instant).
What am I missing here because you seem really convinced you are right
It doesn't appear he is going to pay OP out of his own free will.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
Because it seems like you owe the guy something.
okay, i will ask you the same thing i asked him a year ago. what do i owe him, and why? he responded with "scammer, ill call fbi" a year later, please do not do the same.
I'm not involved at all and I did not read in-depth, but didn't you technically promise to pay him back 100 BTC per month and didn't do so? Shouldn't that be enough no matter what insults or threats he made later? Especially since you were one of the few who seemed to make good on their contracts even after Pirate defaulted (so did ineedausername, Hashking is a fucking scammer and so are many others).
It's none of my business, so I'll leave it at that, but you haven't convinced me you don't owe him anything.
Did you not read the contract? I said I would try my best to do so, and I did. The value of his bonds and more were lost. If anything he owes me.
Right now you own more than the value of the loan so you obviously did not do your best (you would be able to pay right this instant).
What am I missing here because you seem really convinced you are right
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
Because it seems like you owe the guy something.
okay, i will ask you the same thing i asked him a year ago. what do i owe him, and why? he responded with "scammer, ill call fbi" a year later, please do not do the same.
I'm not involved at all and I did not read in-depth, but didn't you technically promise to pay him back 100 BTC per month and didn't do so? Shouldn't that be enough no matter what insults or threats he made later? Especially since you were one of the few who seemed to make good on their contracts even after Pirate defaulted (so did ineedausername, Hashking is a fucking scammer and so are many others).
It's none of my business, so I'll leave it at that, but you haven't convinced me you don't owe him anything.
Did you not read the contract? I said I would try my best to do so, and I did. The value of his bonds and more were lost. If anything he owes me.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
Because it seems like you owe the guy something.
okay, i will ask you the same thing i asked him a year ago. what do i owe him, and why? he responded with "scammer, ill call fbi" a year later, please do not do the same.
I'm not involved at all and I did not read in-depth, but didn't you technically promise to pay him back 100 BTC per month and didn't do so? Shouldn't that be enough no matter what insults or threats he made later? Especially since you were one of the few who seemed to make good on their contracts even after Pirate defaulted (so did ineedausername, Hashking is a fucking scammer and so are many others).
It's none of my business, so I'll leave it at that, but you haven't convinced me you don't owe him anything.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
I will not call FBI or go to court if you can work to get this solved. I hope I don't "need to" like I wrote. I expect Goat to present a good compensation by free will.
i do not deal well with terrorists.
Question = Extortion = Terrorism = APOCALYPSE lol
Stretch the truth MOAR!
sigh... I want every one to know smoothie is an American and he is being paid by the govt.
i do not deal well with terrorists.
Question = Extortion = Terrorism = APOCALYPSE lol
Stretch the truth MOAR!
So Goat, do I owe bigbitz the illegal loan I was given and was not able to provide back since it was on "good faith"? The community has flagged me as a scammer for it. How are you no different?
i have not read your contract, but it seems your loan was in btc and not bonds. OP here could have taken BTC at the time but did not want to do so. he took a risk and failed. i highly doubt your situation is anything like this, but maybe it is...
Even if I would have traded every weekly payment in USD, one 50 BTC principle payment per week is worth much 2013-2014. This contract is BTC denominated. How can ANYONE loan someone BTC and one, two years later only get USD value for that date.
I know BTC value will rise more in future as well. If someone offered me to loan me 50 BTC and only need to pay back USD value two years later it is almost certain I will only need to perhaps pay back 25 BTC or much less.
I know BTC value will rise more in future as well. If someone offered me to loan me 50 BTC and only need to pay back USD value two years later it is almost certain I will only need to perhaps pay back 25 BTC or much less.
you did not loan me BTC. the contract is not denominated in btc, but is denominated in btc that is invested and is not guaranteed.
by the way, you really need to post the full contract so we can get done talking about the draft.
So Goat, do I owe bigbitz the illegal loan I was given and was not able to provide back since it was on "good faith"? The community has flagged me as a scammer for it. How are you no different?
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
Because it seems like you owe the guy something.
okay, i will ask you the same thing i asked him a year ago. what do i owe him, and why? he responded with "scammer, ill call fbi" a year later, please do not do the same.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
you posted more so ill post again, the amount of coins i lose and laugh at is not the point here. clearly 50 btc is fuck all, that is not the point. just cuz the us govt can pay off many terrorists should they do so? i dont get this line of thought at all.
Even if I would have traded every weekly payment in USD, one 50 BTC principle payment per week is worth much 2013-2014. This contract is BTC denominated. How can ANYONE loan someone BTC and one, two years later only get USD value for that date.
I know BTC value will rise more in future as well. If someone offered me to loan me 50 BTC and only need to pay back USD value two years later it is almost certain I will only need to perhaps pay back 25 BTC or much less.
I know BTC value will rise more in future as well. If someone offered me to loan me 50 BTC and only need to pay back USD value two years later it is almost certain I will only need to perhaps pay back 25 BTC or much less.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
Because it seems like you owe the guy something.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
why? cuz he said he would call the fbi? does that not open me up to all sorts of extortion? i do not deal well with terrorists.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
Since you are a GLBSE owner, how much are his bonds worth?
Keep in mind you said pay the market value of the shares, not what the draft of the contract said we would trade them for.
Theymos has claimed the same yet still remains to explain his reasoning on why he thinks Goat should pay the OP back a portion.
The contract clearly establishes debt:
Quote
With this contract it will be equal to 5762 bitcoin in debt
However, because the contract says "best effort" (and is vague in general), I don't believe that Goat should be required to follow the exact terms of the contract, especially since he clearly had difficulties at the time. But he should pay at least the USD value of the principal (= the market value of the shares) at the time, and probably more because he defaulted on the contract and the BTC is worth much more now.
At the very least I agree here.
The 100 week repayment would have been much more than the USD value of the principal.
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