Anyone selling Pirate debt should make a contract with the buyer that if pirate pays out, they are entitled to (say) 33% of the amount.
Or (in the case of tradeable instruments) just retain 33% of the debt instead of selling it all. Removes some trust issues.
But if pirate really was trying to buy back his own debt, then his recent announcement that gave many renewed hope was a bad move. I don't think there are any clever maneuvers to regain respectability in the pipeline. The gameplan was apparently simple
1) Take money
2) Run
Except that it now appears that step 2 is optional, since apparently none of his "investors" have the balls to do anything about it. The same people who claim to have lost 10k+ coins, and in the very recent past traveled vast distances to have dinner with him in Vegas, can now not be bothered to go knock on his door and ask him what's up, even if only to confirm that he lives where they think he lives.
