So he can't come up with 30-50k btc today.
But on Monday he'll have ~500k btc all ready to distribute to the depositors?
Topic: So now that Pirate is closing BTCST... - page 2. (Read 4904 times)
So I estimate the redemptions that caused pirate to close up to be around 30-50k btc..
So he can't come up with 30-50k btc today.
But on Monday he'll have ~500k btc all ready to distribute to the depositors?
So he can't come up with 30-50k btc today.
But on Monday he'll have ~500k btc all ready to distribute to the depositors?
If pirate is legit and has some extra coins, he should be buying every single pass through selling under face value. Of course, this hasn't happened...
Good call. However, with the volume of BTC Pirate deals with, I'm not sure he'd want to bother with the relative tiny batches being sold below face.
Great! now maybe there will be funding opportunities for real businesses that can't promise such a high return.
You mean shit like REBATE and ZIPCONF? LMAO
...will we get to know what he was really doing?
Apparently.Quote from: #bitcoin-otc
bdcs: pirateat40, will the business's source of income be dramatically revealed?
pirateat40: bdcs, certain things won't be revealed, like names or groups but the general concept and the process will be.
pirateat40: bdcs, certain things won't be revealed, like names or groups but the general concept and the process will be.
If pirate is legit and has some extra coins, he should be buying every single pass through selling under face value. Of course, this hasn't happened...
Would be the perfect zero risk arbitrage. Free coins as it were.
If pirate is legit and has some extra coins, he should be buying every single pass through selling under face value. Of course, this hasn't happened...
Great! now maybe there will be funding opportunities for real businesses that can't promise such a high return.
At least we will know by monday if it was a ponzi or not, thats enough for me 
After he validates that he wasn't running a ponzi he will be able to easily find more stable private funding and continue making profits for a less emotional group of people.
...will we get to know what he was really doing?
Nope!
...will we get to know what he was really doing?
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