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Topic: Putting your money where Pirate's mouth is. - page 9. (Read 73388 times)

hero member
Activity: 560
Merit: 500
I am the one who knocks
What will be interesting now is what he does with what he believes to be profits from an illegal venture.

Note that Sept. 9th is "sometime in September"

Anyone wanna make a bet?  Roll Eyes
What is sept 9?
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
What will be interesting now is what he does with what he believes to be profits from an illegal venture.

Note that Sept. 9th is "sometime in September"

Anyone wanna make a bet?  Roll Eyes
hero member
Activity: 632
Merit: 500
Congratulations for your balls of steel Vandroiy.
legendary
Activity: 1358
Merit: 1002
What will be interesting now is what he does with what he believes to be profits from an illegal venture.

mind

blown
hero member
Activity: 560
Merit: 500
I am the one who knocks
What will be interesting now is what he does with what he believes to be profits from an illegal venture.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
Congratulations Vandroiy!
legendary
Activity: 1904
Merit: 1002
Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

I hereby declare the bet decided, in favor of Vandroiy. A withdrawal request made on August 15 2012, is still outstanding as of today, Aug 30 2012, which triggers default as specified in the contract, via "late by at least 14 calendar days, in disbursing either any regularly-scheduled interest payment, or any withdrawal request, by a valid account holder of BTCST." clause.

In private communication, pirateat40 has agreed with this assessment and conceded the bet.

Since Vandroiy is currently traveling, we have agreed via private communication to set up the 10k BTC disbursement of escrowed funds sometime in September, when he is back.

For your easy reference, link to bet contract:
https://bitcointalksearch.org/topic/m.1013589
-----BEGIN PGP SIGNATURE-----

iEYEARECAAYFAlA/+lMACgkQ5/k4vslVlLJoVgCeP2/oEcVMrA9zLev1l8AMXrgY
srkAn1yX8t8Y0ADJTPrKIFKOBk6e3skx
=fnN2
-----END PGP SIGNATURE-----
legendary
Activity: 1792
Merit: 1000
Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

I hereby declare the bet decided, in favor of Vandroiy. A withdrawal request made on August 15 2012, is still outstanding as of today, Aug 30 2012, which triggers default as specified in the contract, via "late by at least 14 calendar days, in disbursing either any regularly-scheduled interest payment, or any withdrawal request, by a valid account holder of BTCST." clause.

In private communication, pirateat40 has agreed with this assessment and conceded the bet.

Since Vandroiy is currently traveling, we have agreed via private communication to set up the 10k BTC disbursement of escrowed funds sometime in September, when he is back.

For your easy reference, link to bet contract:
https://bitcointalksearch.org/topic/m.1013589
-----BEGIN PGP SIGNATURE-----

iEYEARECAAYFAlA/+lMACgkQ5/k4vslVlLJoVgCeP2/oEcVMrA9zLev1l8AMXrgY
srkAn1yX8t8Y0ADJTPrKIFKOBk6e3skx
=fnN2
-----END PGP SIGNATURE-----
hero member
Activity: 482
Merit: 501
Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

I hereby declare the bet decided, in favor of Vandroiy. A withdrawal request made on August 15 2012, is still outstanding as of today, Aug 30 2012, which triggers default as specified in the contract, via "late by at least 14 calendar days, in disbursing either any regularly-scheduled interest payment, or any withdrawal request, by a valid account holder of BTCST." clause.

In private communication, pirateat40 has agreed with this assessment and conceded the bet.

Since Vandroiy is currently traveling, we have agreed via private communication to set up the 10k BTC disbursement of escrowed funds sometime in September, when he is back.

For your easy reference, link to bet contract:
https://bitcointalksearch.org/topic/m.1013589
-----BEGIN PGP SIGNATURE-----

iEYEARECAAYFAlA/+lMACgkQ5/k4vslVlLJoVgCeP2/oEcVMrA9zLev1l8AMXrgY
srkAn1yX8t8Y0ADJTPrKIFKOBk6e3skx
=fnN2
-----END PGP SIGNATURE-----
legendary
Activity: 1904
Merit: 1002
So, apparently Vandroiy won this one? Or has Pirate actually paid all scheduled interest and withdrawal requests that were due two weeks ago or earlier?

If I understood correctly, he has until Friday. Vandroiy wins on September 1st if Pirate doesn't pay back.

A default will be construed to have occurred, if at any time prior to October 1 2013, 00.01 UTC, BTCST will be late by at least 14 calendar days, in disbursing either any regularly-scheduled interest payment, or any withdrawal request, by a valid account holder of BTCST.

The last regularly-scheduled interest payments went out on Monday 13th August.  So the payments that were due on Monday 20th August are currently 8 days late, and will be 14 days late on Monday 3rd September.

I don't know the date of the earliest unpaid withdrawal request.  Perhaps that's where the date of September 1st comes from.

Right, bitlane asked for a withdrawal a few days before the 20th, then posted 3 hours later that he hadn't received it yet.  Naturally, this caused a cascade of withdrawals because pirate was unplugged for a few hours.  When he came back and needed to pay out a significant portion of his operating funds he said "fuck this, I'm done".  I still expect a partial payout and I believe it could have been a full payout if there had been less of a shitstorm, but herds will be herds.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
A default will be construed to have occurred, if at any time prior to October 1 2013, 00.01 UTC, BTCST will be late by at least 14 calendar days, in disbursing either any regularly-scheduled interest payment, or any withdrawal request, by a valid account holder of BTCST.

The last regularly-scheduled interest payments went out on Monday 13th August.  So the payments that were due on Monday 20th August are currently 8 days late, and will be 14 days late on Monday 3rd September.

I don't know the date of the earliest unpaid withdrawal request.  Perhaps that's where the date of September 1st comes from.

Aye.  Its the first withdrawal that is the earliest deadline.
legendary
Activity: 2940
Merit: 1333
So, apparently Vandroiy won this one? Or has Pirate actually paid all scheduled interest and withdrawal requests that were due two weeks ago or earlier?

If I understood correctly, he has until Friday. Vandroiy wins on September 1st if Pirate doesn't pay back.

A default will be construed to have occurred, if at any time prior to October 1 2013, 00.01 UTC, BTCST will be late by at least 14 calendar days, in disbursing either any regularly-scheduled interest payment, or any withdrawal request, by a valid account holder of BTCST.

The last regularly-scheduled interest payments went out on Monday 13th August.  So the payments that were due on Monday 20th August are currently 8 days late, and will be 14 days late on Monday 3rd September.

I don't know the date of the earliest unpaid withdrawal request.  Perhaps that's where the date of September 1st comes from.
hero member
Activity: 686
Merit: 500
Wat
Im going to setup a BUTTHURT glbse asset and sell shares in it.
hero member
Activity: 695
Merit: 500

Its going to be an interesting weekend whatever happens. Think I need to stock up on popcorn.

+1000

Fuck TV, I'm watching Bitcointalk.org for the next week.  Wink

I think the interesting part is long over. The only remaining interesting question is whether the pirate and his helpers can be caught.

You could be surprised...don't ditch the popcorn yet. Smiley

As much as I like good entertainment, I think what will happen is this.

There will be some irate noise. People whill swear and whine. I hope some will get together and try to catch the thief, which I think is interesting.

Then, after a week or two, the noise will die down. Those who lost most or all of their bitcoins will simply disappear.

There may be a few movements in the market. Perhaps the pirate pulls his loot through the bitcoin market once again for a secondary laundering operation. Perhaps we are seeing this already now. But that will not move the market in any extreme ways. It will pass without much of a trace.

The reputation of bitcoin will suffer again, but it has weathered worse things than an isolated Ponzi operation.

I hope people will remember this episode and learn from it. I hope all the other Ponzi schemes will also burst and get finished, but probably most won't, as there are always some people who never learn.

And the world, including bitcoin, will go on.
hero member
Activity: 501
Merit: 500
So, apparently Vandroiy won this one? Or has Pirate actually paid all scheduled interest and withdrawal requests that were due two weeks ago or earlier?

If I understood correctly, he has until Friday. Vandroiy wins on September 1st if Pirate doesn't pay back.

Oh. Okay. I misremembered the date of the closure announcement.
hero member
Activity: 695
Merit: 500
So, apparently Vandroiy won this one? Or has Pirate actually paid all scheduled interest and withdrawal requests that were due two weeks ago or earlier?

If I understood correctly, he has until Friday. Vandroiy wins on September 1st if Pirate doesn't pay back.

Its going to be an interesting weekend whatever happens. Think I need to stock up on popcorn.

I think the interesting part is long over. The only remaining interesting question is whether the pirate and his helpers can be caught.
hero member
Activity: 686
Merit: 500
Wat
So, apparently Vandroiy won this one? Or has Pirate actually paid all scheduled interest and withdrawal requests that were due two weeks ago or earlier?

If I understood correctly, he has until Friday. Vandroiy wins on September 1st if Pirate doesn't pay back.

Its going to be an interesting weekend whatever happens. Think I need to stock up on popcorn.
hero member
Activity: 501
Merit: 500
So, apparently Vandroiy won this one? Or has Pirate actually paid all scheduled interest and withdrawal requests that were due two weeks ago or earlier?
zyk
full member
Activity: 224
Merit: 101
Telling people to put their money where their mouth is is not pressuring them to gamble, it's pressuring them to stop being a douche.

Matthew, do you still want to bet that pirate will pay back his debt? I can't believe this, but if you really want, I'll bet.

Let's use the Vandroiy bet terms. They are well thought out and have been finely honed over the course of a week, if I remember that correctly. If Vandroiy wins his BTC5,000, then you will pay me. If Vandroiy loses, I will pay you. I think that is a fair offer, and I also think that everybody here will recognize it as one.

How much do you want to enter? Anybody else joining in? Unlikely, but the world (not to mention myself) is probably better off if anybody who believes that the pirate is an honest man loses his money.

I appreciate that some here tried to be protective against pressuring somebody into a bet (thanks!), but in my personal case there is no problem, because I think that bets can be useful tools to either stop people spouting nonsense or uncover that they are not serious and don't really mean what they say.

Would you bet with me? I give you 200BTC if he doesn't pay, and you give me 100BTC if he pays. What do you say?



(i'm dead serious)


I take this one as dead serious and offer the 100 if Vandroi looses........put up or not so serious anymore??


Cheers Zyk

You didn't answer my pm a few days ago. Your bitcoinmax account still on sale?


Hi thanks unclescrooge,

sorry for answering late but i got 2 bids for 8 already---

but if you are "dead serious"  i sell them to you for 5

when letting me in on your seriosity Cool Wink

Cheers Zyk
hero member
Activity: 868
Merit: 1000
Telling people to put their money where their mouth is is not pressuring them to gamble, it's pressuring them to stop being a douche.

Matthew, do you still want to bet that pirate will pay back his debt? I can't believe this, but if you really want, I'll bet.

Let's use the Vandroiy bet terms. They are well thought out and have been finely honed over the course of a week, if I remember that correctly. If Vandroiy wins his BTC5,000, then you will pay me. If Vandroiy loses, I will pay you. I think that is a fair offer, and I also think that everybody here will recognize it as one.

How much do you want to enter? Anybody else joining in? Unlikely, but the world (not to mention myself) is probably better off if anybody who believes that the pirate is an honest man loses his money.

I appreciate that some here tried to be protective against pressuring somebody into a bet (thanks!), but in my personal case there is no problem, because I think that bets can be useful tools to either stop people spouting nonsense or uncover that they are not serious and don't really mean what they say.

Would you bet with me? I give you 200BTC if he doesn't pay, and you give me 100BTC if he pays. What do you say?

(i'm dead serious)


I take this one as dead serious and offer the 100 if Vandroi looses........put up or not so serious anymore??


Cheers Zyk

You didn't answer my pm a few days ago. Your bitcoinmax account still on sale?
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