Topic: PPT/Pirate Pass-Through OPs need our support now, more than ever (Read 7686 times)

...grammar and comprehension skills by the poster?

just a thought...

-- Smoov

+1

I guess that is coming in the new software: Soon(tm)

Its a shame that an ignored user will make your 'last updated' link light up.  IMO, those posts should be ignored when considering if you're caught up with a thread.

The battle of Zyk:


On the bitcoinmax thread he has the last three posts.   Ugh

and you could just take a shot at it here:

https://bitcointalksearch.org/topic/for-all-of-those-that-got-scammed-we-need-to-team-up-108892

you are right...the part about your collateral could have been written a bit more fluently and string - tanga -ent

Sorry Zyk

Thats a compliment..is it? cause I wrote the stuff above....

problem is there are still hardly people to find in this "funny" case, who can follow a string of stringent thoughts and thats

what would be needed to understand zykloogish...

Cheers Zyk

You have to admit. This pretty much sums up the better part of your ramblings.
As I have said previously, I enjoy and appreciate your enthusiasm, but I sincerely beg and plead for you to find a new web translator to use.
The Zykooglish joke is old, it was funny for about 5 minutes......yet here we are, STILL.

Of course you know ! That was again me.......i even put it for angloamerican lecturing  !

Cheers Zyk

That should be everyone's stance. Individual lenders have no authority to settle any debt with Pirate because the other lenders own a portion of that debt. The agreement between the lenders and the PPT owner controls how any payments on that shared debt are distributed, and bypassing the PPT owner breaches that agreement.

If two people pool their money to buy a house as an investment, each paying half, with an agreement to split the profits when the house is sold, then each one can certainly sell their interest in the house. But they cannot cut off any 50% portion of the house they choose, sell it, and keep all the money. They don't each own a particular half of the house that is theirs to do what they wish. They each have a one-half interest in the entire house. Selling half the house and keeping the profits deprives the other half-owner of their half of the proceeds from that portion of the house. The proceeds from the house are to be distributed according to their pooling agreement.

It is the same with PPTs. There isn't some specific Pirate debt that corresponds to a single share such that Pirate can pay that share back. Each holder has a pro-rate share of the entire debt with their agreement governing how payments are distributed.

..and good day to you as well, fine Sir
(masturbation counts towards fucking myself.......I am ACTUALLY laughing out loud as I type this...LOL)

Well,

in the words of Gigavps, Go fuck yourself (masterbation counts)

Have a nice day...!

Please don't vote for me. I am trying to make enemies, not friends

You get my vote I think people that give up their details will be very sorry in the near future.....(jail house bum sex sorry)

I am not throwing a fit.
I am rolling the dice with my 'investment'.  It's all the rest of you FUCKING PUSSIES that want to suck Pirate off and give up your details.

I might be a sucker for my original investment.....but you all take the cake and continue to play his games.

You are willing to blow him for 25 BTC in your PPT accounts. I am willing to BURY him publicly with over 2500 BTC at risk.

The only ones I see throwing a fit are bitlane and teamponzi.  Did I miss YAPT?  (Yet Another Pirate THread)

People are mainly upset at themselves, for obvious reasons. However, it's hard to admit that, even to yourself, and much easier to just shout at others.

I can't believe people are actually upset about this. It was obvious he would default at some point. Even after the default there was time to cash out and only lose 20%. Anyone who held on hoping to get all their money plus interest, knew it was no guarantee. I'm not disputing that pirate is as crooked as a barrel of fish hooks, but dragging this out will only hurt bitcoin. Everyone needs to cut their losses and move on.

Cool story

LOL

well thats nice.

When Ponzi schemes collapse it happens like this:


1) Pay off those you think will cause you the most trouble
2) Arrange things so the blame falls on someone else
3) Get the hell out of dodge


I am not sure where "payoff the people who have very little money involved but still believe in you " falls into play

but I am guessing its WAY down the list...

No facts, just gut.  But i also have a very small portion at stake, compared to some.

ahh, the glass is half full is it?


Glad to hear it, I was actually joking around but since you commented on it , mind sharing why you are so optimistic?

Selling my PPT for 115%

buying PPT accounts at -25% PM me now...

no, this is a line in the sad:

sad

According to IRC, Pirate has paid 22/459.

Now imagine he takes over all the PPT accounts, a huge number that probably well under 100BTC in them. For a relatively minor sum, he could pay out 750/1500 or whatever the numbers end up being over the course of months. Progress is being made so people are not happy but not suing, and Pirate can wait until the attention dies off before just going away.

See everyone vs Bitcoinica Consultancy as a reference.

I lol'd

Support hahaha
What I see happened is that pirate did warn that there were no guarantees and there were plenty of others warning of a scam that got ridiculed severely.
Now we have a bunch of greedy people who got screwed over by a scammer whining.
I have not heard any of these victims talk about how this has tarnished the Bitcoin name. Did anyone have any thought into how much time and effort the developers and honest business folk are putting into Bitcoin to make it a better option for humanity and thus all of us in now profiting, just to have a bunch of selfish people taking the limelight once again of which the detractors love to focus on.
There would be far more society uptake of Bitcoin without the got to have it all now greed.
Those who want their BTC value to increase will never know just how much they have missed out on because of all the constant rip offs holding back a much larger populace of users starting the BTC journey.
The only thing to kill Bitcoin will be greed.

It reads like it was written by someone whose first, second and third languages aren't English.

no offence to zyk, but he can hardly string an english sentence together, so i doubt he wrote the above passage.

hence, i still don't know who the author is.

I added some bolding because it gets lost, but basically, he was giving you your statement.

to be clear: i am not the author of the above text, and don't know who is.

I would happily pay double just to see Trendon's ass in jail, after his performance over the past 2 weeks.

Assuming that his aim is to cover his ass to the maximum legal extent possible and that he is actually planning on making some kind of payment and not just stalling, his lawyer would be advising him to make payment directly to the people who are actually owed the money.  Pirate cannot pretend that the PPT operators are the people who are owed the money - there's far too much evidence of him knowing that the PPT operators were investing other people's funds.  Returning the funds directly bypasses the risk of the funds not being returned to the actual investors. 

My guess is that he's expecting this to end up in court at some point and doing everything possible to minimise the chances that any kind of conspiracy between him and the PPT operators could be established.  A court would almost certainly order that he return funds to the investors rather than the PPT operators so it's likely his lawyers are advising him to do just that.  Whether the PPT operators who don't forward the requested information will get thrown under a bus is something we'll have to wait to find out.

I'd be extremely cautious if he's unwilling to disclose the name and contact details of his lawyer, though.  Private information is best sent to someone who is legally obligated to use it only for a specific purpose.

Its called settlement and it occurs all the time without admission of guilt.  There are times where its better to settle than it is to have everything get blown up and the lawyers take an even bigger cut.

This might be a reason, but may as well be a bit far fetcheted, but makes for an interesting thought.

Probably has some fucked up agreement with the IRS to screw a lot of people...

A list of marks is a handy thing to have for a scammer. Or when they refuse then he'll say "Oh well I tried...". He never needed this information to run the business, not sure why he needs it to close down the business.

Or maybe he's a Man in Black sent to take down bitcoin, and they want some names to add to their database. [/tinfoil]

Can someone please tell me why Pirate now needs these details???

GPUMAX owing BTC to Miners - 500 BTC / 3-4 days

BTCST owing to Lenders - 500,000 BTC / 2 weeks


...so it stands to reason why GPUMAX had a payment update from Pirate today in IRC, while the rest of us suckers are still out in the cold.
It's all about priorities, details and responsibility !
Go Pirate Go !

the bargaining is good for the legal position of anybody not bargaining as the bargain is an admission of liability by the bargainer.

Class action against one dude.... That would be some F'ed up shit to deal with.....

Depending on how this goes down, it may be time to find a lawyer who understands bitcoin, and take collective legal action.

Because if you read closely, pirateat40 was telling goat(and just goat) that all communication from goats' lawyer or goat himself to pirateat40s' lawyer would need to be made by certified mail.

https://bitcointalksearch.org/topic/m.1141812

It seems to me you guys already forgot about goats' pissing contests with Nefario and MtGox...
Exactly the same M.O. now with this one.

Here here!  Today is indeed a tough day for everybody who's been accepting money pseudonomysly without any accountability and surely they need our support.  And their vocal alts deserve our support as well.  Those people with silly names who have been legitimately searching for business partners with their ventures which unfortunately seem like amateur copycat email spam from the early 90s.  Our collective hearts go out to them, now more than ever!  

"They need our support."  Seriously!  Why not just pick a funny sounding ticker on GLBSE and send a few coins to help the cause?  Its on the internet right?  We like the internet!  Look there are pictures of hot girls here!      

Especially those operators selling assets with lots of ARRRRRs from boats.  And all those poor operators in the "lending" forum of this highly trusted venue whose names are now ever so slightly tarnished.  Because when I am trying to give my money to a totally unaccountable anonymous person I am thankful when another person can offer to take it first with a further layer of complete zero accountability, this is a valuable service and that some of these folks offered to charge me only a small amount of money for this valuable service my heart goes out to them.

And of course, we have to thank everyone involved who is candid enough to discuss endlessly the sorry exposition of sadly predictable psychology with zero professionalism and without giving any sign that they regret anyone's loss or have learned anything.  Thanks for that!  Stay strong folks, don't give money back to anyone or information to anyone, just continue intense amateurish neurotic posting here with many accounts until this website collapses under the strain.      



      

This exactly...

Because he's not smart enough.....but I'm sure he will if/when reese and gigavps come running to suck him off his rescue, after seeing this post.

Come on... how many goats can there really be in Thailand?

Yeah, how is Pirate going to communicate through certified mail when he doesn't even know where everybody is?

I can't/won't dispute that idea.  I know I would have a harder time with it had a bunch of people opened up 'new' accounts with me, such as is the case with bitcoinmax.  The length and circumstances of my PPT made the decision fairly easy for me.

Well, I hope it all works out in that case, as I really DO see a 'bargaining' about to commence.....for repay as well as legal freedom

I will be complying.  My PPT only ran for ~2 weeks, shortly after the trust account announcement as a way to get/keep 7% on the bit I had invested.  My 'subs' were all internal transfers, so releasing the 'who' isn't damaging in any regard because the information is actually already well known to pirate.  The only thing that changed is some mining income for one or two of my 'subs' which is actually fairly small in the grand scheme of things.  I've spoken with most of my subs already, them having reached out to me, and they've all been ok with my forwarding of information.

1) YES

2) NO PROOF FOR 2 WEEKS AS OF TODAY (failed withdrawal orders)

My guess would be hashking

Which one?

... GET messy? Surely you mean MORE messy, right?

I have this magic machine. On one side you can feed it mess, chaos and drama and popcorn comes out on the other side. Moar popcorn!

So far Brendio didn't reach out to people, I am holding some of BIB.PIRATE.

so he probably doesnt have a lawyer.

but may have to contact one soon the way things are turning out.

Thats how it should be defended by you and payb.tc :



As bitcoinmax always stated, your coins are lost !, as Trendon Shavers shaves us all.

In case the defaulted entity BCST is assuming its liabilities to bitcoinmax or pays out
any amount to bitcoinmax, all principal investments are payed back evenly up to the
amount deposited.  The gained interest of all accounts is put in escrow until further notice.

If bitcoinmax liabilities to you are not fully covered by this proceedure and in case
BCST pays zilch, i payb.tc, will pact with bitlane to recover what is being able to recover
from Trendon Shavers.

The interest which i accrued during operation of bitcoinmax up to date is given back to recover
your principal investments.

As far as it stands, pirate has not option neither right to get your data or information
through my hands.

Seeing forward to provide further investment possibilities to you in the future.

Please comment

Yours sincerely..........

what is meant by sub-accounts in this instance?

are the sub accounts the bond holders of PPT's. these would be private accounts that are not related to the BTCST. is so giving BTCST information relating to private bond holders would be a breach of privacy of those bond holders.

The BTC from BTCST is owed to the account holders. not to the ppt bond holders.

i cant believe such an arrangement is being contemplated. i very much doubt this suggestion has come form a lawyer.

As I replied in the other thread, that's wrong. http://online.wsj.com/article/SB10001424052970203513604577142602812291424.html

As someone pointed out in another thread, when restitution made to investors in recent high profile ponzi cases, it was made directly to the investors and not to the pass-throughs with which they'd placed their funds.  That might give some indication of what a court would regard as the legal way to return funds should this turn out to be an actual ponzi.

bitlane,

am I reading your stance correctly.

1) You wan't to hurt pirate as much as possible(if he can't return all of the money promised), and you don't wont him to settle everything personally without courts?

2) If pirate is really trying to settle this(individually with each "lender") to minimize his legal problems, you don't want to give him that chance?

Which of pirate's "dots" have really been connected? (and for the sake of the topic, let's leave out Jared Leto, Pokemons, the Kennedy's and CIA with Air Knives )

I have yet to see any sign of Pirate quivering with fear while witnessing the community connecting all his dots. But maybe I missed something?

Please do not allow greed to force YOU, a PPT Bond or Account holder to fall victim to Trendon Shavers...AGAIN.

By withholding individual accounts, the PPT OPs are doing this community a favor and are helping to protect it's integrity.

If it's not clear by now, Trendon wants to SETTLE at lower value, while absolving himself in the process, of any legal recourse.

PLEASE READ THE FINE PRINT in his IRC log posted by Goat.
https://bitcointalksearch.org/topic/m.1141812

I will also add a quote from another thread, that I posted a response to:



Now is the time to stick together. DO NOT allow a 'divide & conquer' attack to occur.

It's now time to let your PPT OP 'down from his cross' and allow him/her/it to DEFEND the integrity of this community. PLEASE show your support.


DO NOT ALLOW THIS TO HAPPEN....