Its Official Pirate Has Defaulted!! - page 24.

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

Quote from: ?? on ??

Hi guys, just posting so everybody knows the financial terms used:

"Default" essentially means a debtor has not paid a debt which he or she is required to have paid.
"Insolvency" is a legal term meaning that a debtor is unable to pay his or her debts.
"Bankruptcy" is a legal finding that imposes court supervision over the financial affairs of those who are insolvent or in default.

Perhaps you should consider offering Legal advise to Trendon Shavers rather than the rest of us.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

I wonder if Vladimir will sack Matthew from bitcoin magazine.

michaelmclees

hero member

Activity: 633

Merit: 500

Quote from: SaltySpitoon on August 28, 2012, 08:48:49 PM

Quote from: forexmasterja on August 28, 2012, 08:00:19 PM

Yup Here it is

Direct from IRC

[19:54] <@pirateat40> As much as I've tried to meet the deadlines within the community, there're conditions beyond my control which have escalated the process to the point it is today.

[19:55] <@pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.

Damn I know I should have bet Matthew

So am I crazy, or would the logical thing to do if he was honest, be return what $ he has left from the fund proportionately back to their owners? If he had 500k BTC, and only has 400K left, why not just pay 4/5th of what you owe? At least that way, people aren't entirely screwed.

It really depends on if he thinks he'll ever be caught in real life. If he thinks he's really anonymous, he may as well keep the coins or sell them and buy a house or something. If he pays, he's still open to civil and criminal penalties AND he doesn't have the coins.

He may promise for years to pay all or partial... My guess is we've basically heard the last of him and no one gets anything more.

Further, I doubt Matthew will pay his bet as he hasn't proved his control over 10k coins. Kiss it goodbye folks.

Fluttershy

sr. member

Activity: 420

Merit: 250

Dear Matthew, you lost, give us are monay!

Hecate

newbie

Activity: 37

Merit: 0

Quote from: kayrice on August 28, 2012, 08:29:23 PM

Does anyone know wtf he means ever by these vague statements? Is he seriously just saying "nobody gettin der money" ?

I was also expecting him to just never ever show up again at some point - why waste the effort and make such statements? That he isnt gonna pay anyone was kinda clear months back.

Quote from: SaltySpitoon on August 28, 2012, 08:48:49 PM

So am I crazy, or would the logical thing to do if he was honest, be return what $ he has left from the fund proportionately back to their owners? If he had 500k BTC, and only has 400K left, why not just pay 4/5th of what you owe? At least that way, people aren't entirely screwed.

There is no chance that he has 4/5. He probably doesnt even have 1/3.

SaltySpitoon

legendary

Activity: 2590

Merit: 2156

Welcome to the SaltySpitoon, how Tough are ya?

Quote from: forexmasterja on August 28, 2012, 08:00:19 PM

Yup Here it is

Direct from IRC

[19:54] <@pirateat40> As much as I've tried to meet the deadlines within the community, there're conditions beyond my control which have escalated the process to the point it is today.

[19:55] <@pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.

Damn I know I should have bet Matthew

So am I crazy, or would the logical thing to do if he was honest, be return what $ he has left from the fund proportionately back to their owners? If he had 500k BTC, and only has 400K left, why not just pay 4/5th of what you owe? At least that way, people aren't entirely screwed.

Coinabul

hero member

Activity: 588

Merit: 500

Coinabul - Gold Unbarred

I know who we need...

Bitcoin Man!

Duderin0

newbie

Activity: 36

Merit: 0

http://www.youtube.com/watch?v=VDW0ZnZxjn4

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

Well as long as he is still an OP in #bitcoin-otc, I guess that's all that matters.

Coinoisseur

sr. member

Activity: 336

Merit: 250

Just for laughs, do not read into this image crazy forum people.

yochdog

legendary

Activity: 2044

Merit: 1000

Quote from: forexmasterja on August 28, 2012, 08:00:19 PM

Yup Here it is

Direct from IRC

[19:54] <@pirateat40> As much as I've tried to meet the deadlines within the community, there're conditions beyond my control which have escalated the process to the point it is today.

[19:55] <@pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.

Damn I know I should have bet Matthew

I am shocked by this. Seriously.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: bitlane on August 28, 2012, 08:33:58 PM

Quote from: 556j on August 28, 2012, 08:21:14 PM

Quote from: bitlane on August 28, 2012, 08:06:54 PM

Quote from: mrSprinkles on August 28, 2012, 08:06:01 PM

I got played. Simple as that.

That's where you are wrong. NOW the playing will officially begin.

yes you will continually play the forums pretending you are something more then an old geezer that jerks off to thai tranny porn and fantasizes to what you think you would do to some anonymous internet identity because you're too stupid to realize it was never a real ID to begin with. Please post mor eabout your intentions to do anything as they will be useful in court when/if something actually does go down.

Trendon, please post from your regular account please.

Its ok I dont think anything will happen to pirate either and Im not a sockie

Thats just the way it goes in bitcoin scams.

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

Quote from: 556j on August 28, 2012, 08:21:14 PM

Quote from: bitlane on August 28, 2012, 08:06:54 PM

Quote from: mrSprinkles on August 28, 2012, 08:06:01 PM

I got played. Simple as that.

That's where you are wrong. NOW the playing will officially begin.

yes you will continually play the forums pretending you are something more then an old geezer that jerks off to thai tranny porn and fantasizes to what you think you would do to some anonymous internet identity because you're too stupid to realize it was never a real ID to begin with. Please post mor eabout your intentions to do anything as they will be useful in court when/if something actually does go down.

Trendon, please post from your regular account please.

Enigma81

full member

Activity: 180

Merit: 100

Quote from: kayrice on August 28, 2012, 08:29:23 PM

Does anyone know wtf he means ever by these vague statements? Is he seriously just saying "nobody gettin der money" ?

Are you seriously asking? Do you hope to one day find a real genie in a bottle?

kayrice

member

Activity: 104

Merit: 11

Does anyone know wtf he means ever by these vague statements? Is he seriously just saying "nobody gettin der money" ?

DanielVG

sr. member

Activity: 266

Merit: 250

I want free lunch, i'm gonna go with this guy.

556j

sr. member

Activity: 252

Merit: 250

Quote from: bitlane on August 28, 2012, 08:06:54 PM

Quote from: mrSprinkles on August 28, 2012, 08:06:01 PM

I got played. Simple as that.

That's where you are wrong. NOW the playing will officially begin.

yes you will continually play the forums pretending you are something more then an old geezer that jerks off to thai tranny porn and fantasizes to what you think you would do to some anonymous internet identity because you're too stupid to realize it was never a real ID to begin with. Please post mor eabout your intentions to do anything as they will be useful in court when/if something actually does go down.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

http://www.youtube.com/watch?v=jrLbY4-Q99A

fcmatt

legendary

Activity: 2072

Merit: 1001

pirate@scammer mentioned one day he will tell his story.
i think i already know it.

"i ran a ponzi".

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

Quote from: mrSprinkles on August 28, 2012, 08:06:01 PM

I got played. Simple as that.

That's where you are wrong. NOW the playing will officially begin.

Topic: Its Official Pirate Has Defaulted!! - page 24. (Read 63508 times)