If its any consolation pirate probably has very little money left as it would all be invested.....
Yes, and he probably paid out those 23 accounts with his zeek passthru percentage cut, which was left over. My guess is that pirate is now broke.
Topic: Hashkings Lending,Deposit 1.25% INSURED, ALL PPT ACCOUNTS CLOSING ON 8/19 - page 33. (Read 93792 times)
September 07, 2012, 04:47:14 AM
Yes, and he probably paid out those 23 accounts with his zeek passthru percentage cut, which was left over. My guess is that pirate is now broke.
September 07, 2012, 04:39:41 AM
If you mean the PPT, you can pretty much write that one off. It's becoming suspiciously clear that pirate was putting all the money in the 'ZeekRewards' ponzi. It could take months/years for pirate to claim back any money which would be in USD. He then would have to buy bitcoins with it to pay us. The price of bitcoins could be anything then.
If its any consolation pirate probably has very little money left as it would all be invested.....
September 07, 2012, 03:44:26 AM
If you mean the PPT, you can pretty much write that one off. It's becoming suspiciously clear that pirate was putting all the money in the 'ZeekRewards' ponzi. It could take months/years for pirate to claim back any money which would be in USD. He then would have to buy bitcoins with it to pay us. The price of bitcoins could be anything then.
September 07, 2012, 02:54:46 AM
I am currently waiting 2 weeks on interest and a withdraw :/
Do you mean for the PPT or for the insured deposit?
September 07, 2012, 12:59:46 AM
I am currently waiting 2 weeks on interest and a withdraw :/
September 05, 2012, 06:03:36 AM
Hashking: can you please answer my PM?
September 04, 2012, 05:41:55 PM
My non-PPT withdraw has now taken over 24 hrs. Can you take a look please?
Dude, we just had a big holiday weekend. Even my bank was closed yesterday. Give the guy some slack.
September 04, 2012, 05:40:30 PM
How long should I expect a withdrawal to take?
Thanks,
A
Thanks,
A
Payment sent. Thanks.
My non-PPT withdraw has now taken over 24 hrs. Can you take a look please?
September 03, 2012, 03:03:16 PM
How long should I expect a withdrawal to take?
Thanks,
A
Thanks,
A
Payment sent. Thanks.
Received
September 03, 2012, 04:59:04 AM
How long should I expect a withdrawal to take?
Thanks,
A
Thanks,
A
Payment sent. Thanks.
Hashking:
Does this mean the accounts held with you will receive btc withdrawals that are pending now?
EDIT: Just realized this was a response to the insured GIPPT. Nevermind, disregard my question, cheers.
September 02, 2012, 09:48:20 PM
How long should I expect a withdrawal to take?
Thanks,
A
Thanks,
A
Payment sent. Thanks.
September 01, 2012, 03:00:47 PM
All information has been sent. Thanks.
Does this mean we are getting paid and in full soon
September 01, 2012, 02:59:39 PM
How long should I expect a withdrawal to take?
Thanks,
A
Thanks,
A
August 30, 2012, 11:40:14 PM
All information has been sent. Thanks.
August 30, 2012, 01:39:24 PM
Hello GIPPT investors.
I have been using illiquid assets to back GIPPT. Do not try to get hashking to expedite the process, it will not work. I have an 8 week deposit with him and once it is repaid, you will be repaid fully. There is no reason to believe you won't be getting your money.
The reason for the long wait is that it would not even be profitable to hold coins in liquid escrow, as I could do better by directly depositing those coins with Pirate. GIPPT's model was the best way to make 100% insured PPT possible for regular investors. I'm sorry for any inconvenience this may cause.
Thanks,
INAU
I have been using illiquid assets to back GIPPT. Do not try to get hashking to expedite the process, it will not work. I have an 8 week deposit with him and once it is repaid, you will be repaid fully. There is no reason to believe you won't be getting your money.
The reason for the long wait is that it would not even be profitable to hold coins in liquid escrow, as I could do better by directly depositing those coins with Pirate. GIPPT's model was the best way to make 100% insured PPT possible for regular investors. I'm sorry for any inconvenience this may cause.
Thanks,
INAU
August 30, 2012, 12:43:10 PM
I have a skype log of this transaction. INAU never said anything about escrow. So if he doesn't clear it up I will have to release it.
EDIT: I have asked INAU to come in this thread and clear this mess up.
EDIT: I have asked INAU to come in this thread and clear this mess up.
August 30, 2012, 12:28:08 PM
Okay, not wishing to spread rumours about you hashking, but just read this and understanding twitchy about all my deposits at moment, with all this pirate stuff going on.
August 30, 2012, 12:11:53 PM
3. HashKing. Supposedly holds the INSURED coins from IneededAUserName. Now that pirate defaulted, HashKing is UNWILLING to pay out the deposits INAU have with him directly to me. Saying the deposit is a regular deposit, and thus the deposit will be returned to INAU. At that point, what if INAU just decides to run with the coins?
This statement isn't true. INAU deposited the coins in a 8 week lock program. He never stated to me that they would be used for escrow. They were setup as a regular deposit. So this would need to be taken up with INAU.
This statement isn't true. INAU deposited the coins in a 8 week lock program. He never stated to me that they would be used for escrow. They were setup as a regular deposit. So this would need to be taken up with INAU.
August 30, 2012, 12:08:37 PM
August 30, 2012, 12:04:57 PM
This is somewhat related to pirateat40 BTCST mess.
Many deposit takers on this forum state that the deposits are NOT invested in BTCST. They gather people to deposit with them, and simply turn around and put it with pirate. Sure, receiving 7% weekly from pirate and paying 2% out is very profitable.
I hate to be blunt here, but so far, a few "INSURED" or "GUARANTEED" deposits have went bust.
Here's the list:
1. Nckrazze. https://bitcointalksearch.org/topic/nckrazzes-deposits-low-risk-deposits-with-guaranteed-payback-weekly-25-w-81927
He stated the deposits are NOT placed in BTCST funds. But due to BTCST default, now he is UNABLE to pay back.
If the funds are not placed in BTCST, then what does BTCST default have anything to do with his ability to pay back?
He also stated a 35% reserve fund. If the fund is really reserved, then why can't he pay back 35% of the deposits?
In my opinion, he is lying.
2. IneededAUserName (INAU). https://bitcointalksearch.org/topic/insured-ppt-0-btc-available-91375
He stated that the pirate deposit is FULLY insured. Now BTCST has annouced default, but INAU still haven't paid back the "INSURED" deposits.
I was told to wait over a month to get my deposits back.
3. HashKing. Supposedly holds the INSURED coins from IneededAUserName. Now that pirate defaulted, HashKing is UNWILLING to pay out the deposits INAU have with him directly to me. Saying the deposit is a regular deposit, and thus the deposit will be returned to INAU. At that point, what if INAU just decides to run with the coins?
You are welcome to post what you think, and why I am wrong.
This post is not to create a war, but rather let people know what "INSURED" and "GUARANTEED" usually means nothing.
So far, these deposit takers are NOT affected by BTCST default. Perhaps these are the REAL INSURED and GUARANTEED.
1. Myself. At one point, I have over 4000BTC deposits with me. When word came out that BTCST is ceasing operations, I had no problem returning ALL funds to my depositors that were made prior to BTCST annoucement.
2. PatrickHarnett. I don't have any deposits with him during the BTCST bust. But I did borrow some BTCs from him, and he seems fairly liquid.
Many deposit takers on this forum state that the deposits are NOT invested in BTCST. They gather people to deposit with them, and simply turn around and put it with pirate. Sure, receiving 7% weekly from pirate and paying 2% out is very profitable.
I hate to be blunt here, but so far, a few "INSURED" or "GUARANTEED" deposits have went bust.
Here's the list:
1. Nckrazze. https://bitcointalksearch.org/topic/nckrazzes-deposits-low-risk-deposits-with-guaranteed-payback-weekly-25-w-81927
He stated the deposits are NOT placed in BTCST funds. But due to BTCST default, now he is UNABLE to pay back.
If the funds are not placed in BTCST, then what does BTCST default have anything to do with his ability to pay back?
He also stated a 35% reserve fund. If the fund is really reserved, then why can't he pay back 35% of the deposits?
In my opinion, he is lying.
2. IneededAUserName (INAU). https://bitcointalksearch.org/topic/insured-ppt-0-btc-available-91375
He stated that the pirate deposit is FULLY insured. Now BTCST has annouced default, but INAU still haven't paid back the "INSURED" deposits.
I was told to wait over a month to get my deposits back.
3. HashKing. Supposedly holds the INSURED coins from IneededAUserName. Now that pirate defaulted, HashKing is UNWILLING to pay out the deposits INAU have with him directly to me. Saying the deposit is a regular deposit, and thus the deposit will be returned to INAU. At that point, what if INAU just decides to run with the coins?
You are welcome to post what you think, and why I am wrong.
This post is not to create a war, but rather let people know what "INSURED" and "GUARANTEED" usually means nothing.
So far, these deposit takers are NOT affected by BTCST default. Perhaps these are the REAL INSURED and GUARANTEED.
1. Myself. At one point, I have over 4000BTC deposits with me. When word came out that BTCST is ceasing operations, I had no problem returning ALL funds to my depositors that were made prior to BTCST annoucement.
2. PatrickHarnett. I don't have any deposits with him during the BTCST bust. But I did borrow some BTCs from him, and he seems fairly liquid.
Errm this is worrying, what is this all about? I hope your "1.25% Weekly -- Guaranteed Fully Insured 8 week lock in" accounts were not with BTCST.
Jump to: