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Topic: LTCPPT - Litecoin Pirate Pass Through (CLOSED) (Read 12041 times)

hero member
Activity: 518
Merit: 500
Manateeeeeeees
September 05, 2012, 12:49:53 AM
Turn that frown upside down! Cheesy
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
Not yet  Sad
legendary
Activity: 1526
Merit: 1001
Coblee, did you get your coins back from Pirate?
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
Coblee, can you think of any other investing opportunities that can have a positive effect on Litecoin? 

I'm on the tail end of development for the core features of Litecoin Global. (https://www.litecoinglobal.com/)  You could accomplish something similar by setting up a fund.  Trade the shares in LTC, but have the fund invest in BTC assets.  The BTC assets would pay in BTC, which would then have to be converted to LTC to pay dividends.

full member
Activity: 126
Merit: 100
Thanks Coblee,

great service.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Coblee, let us know when you get your coins back from pirate please.

Thanks!
hero member
Activity: 938
Merit: 1000
Coblee, can you think of any other investing opportunities that can have a positive effect on Litecoin? 
sr. member
Activity: 317
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
Thanks Coblee for setting this all up....definitely appreciated it. Smiley
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Good Job Coblee.
sr. member
Activity: 250
Merit: 250
Told you it was a dumb idea. I hope Pirate will indeed refund your coins. Otherwise, no sympathy from me.

No need to be a prick, he has paid everyone back and taken the full financial risk of a hit on his own wallet. That's called integrity in the face of adversity.

Obviously perfect people like you who never make mistakes wouldn't understand this concept..
sr. member
Activity: 266
Merit: 250
LitecoinTalk
Told you it was a dumb idea. I hope Pirate will indeed refund your coins. Otherwise, no sympathy from me.

come one man? the man is doing a good job here.
sr. member
Activity: 294
Merit: 250
Bitcoin today is what the internet was in 1998.
legendary
Activity: 1526
Merit: 1001
Told you it was a dumb idea. I hope Pirate will indeed refund your coins. Otherwise, no sympathy from me.
hero member
Activity: 938
Merit: 1000
Well, all good things must come to an end. LTCPPT is closing due to Pirate closing. I will actually return your deposits before pirate returns them to me. And I will send out the litecoin interests on them today. If Pirate does default, it's my loss and not yours. Thanks for trusting in me.

Wow coblee, that's a huge gesture you are making there. I think everybody knew the risks when they signed up so you did not have to do this at all. Much appreciated and keep us in the loop.
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
Ok, all deposits returned and litecoin interests paid out. Thanks.

Here are some final stats:

Interest received from Pirate: 445.93 BTC
Total litecoins paid out: 103,376 LTC
Average exchange rate: 0.00431367
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
Well, all good things must come to an end. LTCPPT is closing due to Pirate closing. I will actually return your deposits before pirate returns them to me. And I will send out the litecoin interests on them today. If Pirate does default, it's my loss and not yours. Thanks for trusting in me.
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
What are the interest rates going to look like for LTCPPT with pirate's new adjustment?

Assuming payb.tc is paying 4.9% interest, LTCPPT will be paying out 4.5% interest. Thanks.

Also, I think I will stick with just using payb.tc's BitcoinMax for passthrough for now.
legendary
Activity: 1713
Merit: 1029
What are the interest rates going to look like for LTCPPT with pirate's new adjustment?
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
Thanks for working on the different solutions, I'm sure every depositor has a solution that will work for him/her.

Will there be dividends this week because of this change?

Yes dividends being sent out now.
hero member
Activity: 938
Merit: 1000
Thanks for working on the different solutions, I'm sure every depositor has a solution that will work for him/her.

Will there be dividends this week because of this change?
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