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Title: PI Post by: El Cabron on August 03, 2012, 08:04:42 PM PI
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Francesco on August 04, 2012, 02:06:50 PM I could create a "100% insured" PPT myself: all I have to do is put face value at 0, and sell at 1... :P
Also, nice try to make what you subtract seem negligible by expressing it in "per one" instead of percent :D Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: sgravina on August 06, 2012, 03:45:30 PM 1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY This is the Public address and has just been funded. This is a 1000 BTC Casascius gold coin. This will be the insurance BTC for the bond. IPO is going live. Thanks:) Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Raize on August 06, 2012, 04:43:10 PM Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? Uhh... That's not how these things work... Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: dust on August 06, 2012, 04:53:32 PM 1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY This is the Public address and has just been funded. This is a 1000 BTC Casascius gold coin. This will be the insurance BTC for the bond. IPO is going live. Thanks:) Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Gladamas on August 06, 2012, 07:16:11 PM 1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY This is the Public address and has just been funded. This is a 1000 BTC Casascius gold coin. This will be the insurance BTC for the bond. IPO is going live. Thanks:) Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? Hahaha, good try though ;) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Rygon on August 06, 2012, 09:58:49 PM 1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY This is the Public address and has just been funded. This is a 1000 BTC Casascius gold coin. This will be the insurance BTC for the bond. IPO is going live. Thanks:) Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? "Shiver me timbers"? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 08, 2012, 01:25:34 AM Got a pic of the coin ? :)
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: smoothie on August 09, 2012, 05:30:38 AM How many left? Are only 500 so far purchased?
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: wirmola on August 10, 2012, 09:58:11 AM we need more of these!! I only got 4 of them.. :-\
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: racerguy on August 10, 2012, 02:23:48 PM I'm confused does the bond pay 5.5% of 1btc or 1.55btc?
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Winterfrost on August 10, 2012, 02:28:42 PM I'm confused does the bond pay 5.5% of 1btc or 1.55btc? It pays on the face value, so 5.5% of 1btc. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: puffn on August 11, 2012, 03:01:11 AM Nice job Goat for monetizing his offline bitcoin. The capitalist in me loves you for it.
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: brendio on August 11, 2012, 10:24:38 PM I will post a pic of the coin soon. More of them are on sale now, Sorry traveling :) Aren't you supposed to be on a mountain somewhere doing goatee things? Greetings from Berlin, by the way. :) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Scott J on August 12, 2012, 12:01:57 PM I am pretty clueless when it comes to GLBSE to please excuse my ignorance here...
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC? Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Winterfrost on August 12, 2012, 12:21:16 PM I am pretty clueless when it comes to GLBSE to please excuse my ignorance here... If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC? Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it. Looking at it that way, I believe the interest calculation would be: (0.055/1.55) = 3.548% And the insurance calculation: (1/1.55) = 64.516% which is the amount insured of your initial payment. I could be totally off though, so maybe someone else can jump in and explain the math better. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Scott J on August 12, 2012, 12:26:42 PM I am pretty clueless when it comes to GLBSE to please excuse my ignorance here... If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC? Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it. Looking at it that way, I believe the interest calculation would be: (0.055/1.55) = 3.548% And the insurance calculation: (1/1.55) = 64.516% which is the amount insured of your initial payment. I could be totally off though, so maybe someone else can jump in and explain the math better. I wish GLBSE assets could be listed in simpler terms :) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: gigantic on August 12, 2012, 06:03:51 PM Can i take 500btc worth of bonds?
Let me know ! ::) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: dust on August 12, 2012, 11:17:40 PM Bond face value is 1 BTC. Does this mean if pirate shuts down his operation and returns everyone's money, you only buy back at 1BTC?If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 12, 2012, 11:20:49 PM Bond face value is 1 BTC. Does this mean if pirate shuts down his operation and returns everyone's money, you only buy back at 1BTC?If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. Yes. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: iron77 on August 13, 2012, 11:08:52 AM Putting his offline coin to work seems to be valid reason.
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: coinft on August 13, 2012, 11:45:06 PM But goat, you have a lot of money. Your default risk is the same as investing directly into pirate, and you make almost 2x as much as insuring it. Why are you doing this, anyway? :) since it can't be due to the high profit margins. With the IPO price he can finance the collateral and with the rest put into pirate he can just barely finance the interest, without touching his own money. By a hair. And only as long as pirate does not default. Goat seems to be very very sure pirate will not default. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: teek on August 14, 2012, 12:17:14 AM damn.. i want me one of those! Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 14, 2012, 12:18:37 AM Whats the difference between simply placing 1btc into cold storage then sending .55 to bitcoinmax versus getting an insured passthrough ?
You are still at risk of losing the .55btc so you may as well get all the benefit if the pirate doesnt default. Maybe I am missing something ? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: teek on August 14, 2012, 12:25:41 AM He makes really good stuff. The best looking coin IMO is the Silver one with the gold B. I bought at least 5 of them:) Ya I finally just made an order for some a week or so ago.. including the silver one with the gold, I am really excited to see that one heh. but the 1000 btc well.. maybe one day 1000 btc coin, maybe one day.. :P Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 14, 2012, 12:40:13 AM Whats the difference between simply placing 1btc into cold storage then sending .55 to bitcoinmax versus getting an insured passthrough ? You are still at risk of losing the .55btc so you may as well get all the benefit if the pirate doesnt default. Maybe I am missing something ? Because I pay significantly more than what sending that .55 BTC to pirate would get. :) Yes I realised that after I posted :) Nice looking coin btw. Thanks for posting the pic. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: dust on August 14, 2012, 04:04:13 AM 1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY This is the Public address and has just been funded. This is a 1000 BTC Casascius gold coin. This will be the insurance BTC for the bond. IPO is going live. Thanks:) +1 to Goat. This is by far the best insurance I have seen. GIPPT take note. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: smoothie on August 14, 2012, 09:03:17 AM 1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY This is the Public address and has just been funded. This is a 1000 BTC Casascius gold coin. This will be the insurance BTC for the bond. IPO is going live. Thanks:) +1 to Goat. This is by far the best insurance I have seen. GIPPT take note. I like your signature. Mega LuLz Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Tomatocage on August 14, 2012, 03:51:29 PM Hey Goat, are you still issuing any new shares at 1.55?
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Tomatocage on August 14, 2012, 04:18:46 PM Awesome! Looking forward to picking some up. Thanks!
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: dust on August 14, 2012, 04:53:33 PM Hey Goat, are you still issuing any new shares at 1.55? I will after I pay out today's dividends. I will do that once Pirate sends the funds and I send them out on GLBSE. Thanks. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Tomatocage on August 14, 2012, 04:57:11 PM He has. See Goat's other thread. Divs are on the way.
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Marco Polo on August 14, 2012, 07:09:25 PM Yey 9 bonds bought xD
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: conspirosphere.tk on August 14, 2012, 07:35:58 PM Does this mean if pirate shuts down his operation and returns everyone's money, you only buy back at 1BTC? Yes. I'm betting Pirate will do just this. So if you are right paying anything for insurance on Pirate is pointless. I tend to agree, for different reasons (a diversified portfolio can be cheaper and pay more) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Tomatocage on August 14, 2012, 09:49:50 PM Will the strike price change if Pirate lowers your rate?
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Otoh on August 14, 2012, 10:03:48 PM Since you bought your coin at LV a couple or so weeks ago the bitcoins in it have gone from about $9,000 to $12,340 & the gold from about $1,620 to $1,600 - over 37% nice :P
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Otoh on August 14, 2012, 10:12:00 PM seriously we should ask Casasius to make a 1,000,000 LTC version, cheaper too at $5,000 to $6,000 & say $1,400 in Platinum perhaps + mark up = approx $8,000 to $9,000 maybe
edit: I just did https://bitcointalk.org/index.php?topic=54845.msg1100259#msg1100259 Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Otoh on August 14, 2012, 10:31:46 PM seriously we should ask Casasius to make a 1,000,000 LTC version, cheaper too at $5,000 to $6,000 & say $1,400 in Platinum perhaps + mark up = approx $8,000 to $9,000 maybe He will will make us a bar. I have already asked. Really I should have him do it. Would be bad ass:) But I think you mean 100k not 1mill. see edit above, ah sry I was priceing them in BTC by mistake, so yep 100k LTC at say $6,000 to $10,000 depending on how much in bulk OTC you could scoop up, actually that's much better too as there aren't enough coins atm to find 1M easily Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ShadowAlexey on August 17, 2012, 07:44:41 PM Well Goat, this was a master peace, congratulate u with all funds acquired in such short period. It lasted less than 2 weeks)
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Rygon on August 17, 2012, 08:35:11 PM Quote from: Chaang Noi (Goat) ช้างน้อย link=topic=98420.msg1108461#msg1108461 date=10.05345234777 Well Goat, this was a master peace, congratulate u with all funds acquired in such short period. It lasted less than 2 weeks) You assume Pirate has paid back, he has not yet:) Either way your bonds are worth 1 BTC I think he was referring to the fact that you sold bonds around 1.5-1.6 BTC, made one payout from BS&T of 0.055, and due to the fortuitous timing of the BS&T wind down, you are buying back at 1.0 BTC. Assuming BS&T winds down correctly, I roughly estimate a 750 BTC gain for you and a 0.4-0.5 BTC/share loss for purchasers of the IPO. We all knew the risks though going into it though... Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: throwaway on August 17, 2012, 09:59:38 PM Mr Chaang Noi, how do we sell these bonds back to you? Do we just put a sell order @1.0 and wait for you to buy them?
Thank you Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: burnside on August 17, 2012, 10:22:27 PM Given the timing of the release of this bond, and assuming Pirate pays you back, I suspect many of us would appreciate it if you'd be willing to buy back at "$IPO minus $firstDividend minus $securityAndTransactionFees minus $pizzaForGoat".
While you would certainly be within the letter of the contract to not do so, you would garner a considerable amount of good faith given the circumstances. Cheers. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: dust on August 17, 2012, 10:28:28 PM Given the timing of the release of this bond, and assuming Pirate pays you back, I suspect many of us would appreciate it if you'd be willing to buy back at "$IPO minus $firstDividend minus $securityAndTransactionFees minus $pizzaForGoat". Goat took a risk. Investors took a risk. Goat deserves to profit if pirate pays back.While you would certainly be within the letter of the contract to not do so, you would garner a considerable amount of good faith given the circumstances. Cheers. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: burnside on August 17, 2012, 10:42:02 PM Fair enough. No ill will here, and never hurts to try. :)
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: mcris444 on August 18, 2012, 12:55:25 AM Want an insured Pirate (BTCST) bond that you know the insurance money is really there and not dependent on bond prices on GLBSE or maybe even loaned to pirate himself? Well now you can! 75% of the insurance money will be stored offline. The address will be made public. IPO will be this Sundayish however the first payment of 5.5% will not be made until August the 14th I will only be selling 1337 of these in the first round. I -might- add more bonds later. IPO price will be 1.55 Contract TYGRR-BOND.PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 100% of the face value of the bond will be insured. 75% of the bonds value will be stored offline. 75% of the insurance money will not be loaned or invested. The weekly rate paid out will be X-.015 X is the rate Pirate pays out on face. Chaang-Noi has the right to buy back the bonds at any time at the weighted weekly price plus 10%. Payments will be made weekly at around 10 PM Tuesdays Thailand time. Please see the forum thread or contact Chaang-Noi directly for updated information. Please give a detailed explination to what you mean when you say Remember that coin is for if Pirate defaults and so far he has not. Thanks. Pirate has announced his closure. The contract you created states my shares are worth 1 btc each. The coin was proof of insurance on that contract value. What happens between you and pirate is your business, I am not involved. I am however a holder of these "insured" bonds that you are not currently taking back. I understand wanting to avoid the pain of peeling the hologram, but alas, this is what that is for. Unless of course you continue to pay interest on the bonds while we wait for your delayed payout in trying to save your coin? I would accept that, you can continue to tie up the money as long as you continue to pay the interest. Yes, Pirate said he will pay interest so yeah, I will pay out interest too just like the contract says. I do not understand why you are so irrational about this. Calm down please. Nothing to worry about lol. If Pirate fails an interest payment then I will buy back at 1 BTC. That would be on Tuesday. You have nothing to cry about until then. If Pirate pays out before then I get to keep my coin. I hope you know they are not cheap, I'm not going to destroy it (and not follow the contract) just cuz you want to rush things along. Take a chill pill and we can all watch how this plays out together. Peace. Its only been a few hours. Calm down. Watch what happens. I for one trust Goat. If I were in his position I wouldn't want to touch that coin and its beauty. He will do what the contract says. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 18, 2012, 01:06:39 AM Goat doesnt have to pay out till Pirate defaults which would be tuesday. It would be a shame to destroy such a nice coin needlessly :)
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Smoovious on August 18, 2012, 03:18:42 AM Goat doesnt have to pay out till Pirate defaults which would be tuesday. It would be a shame to destroy such a nice coin needlessly :) Just because pirate is shutting down doesn't mean he defaulted.He announced the shut down, and if everyone gets back the coin they are owed, then it is a clean shutdown. No default. -- Smoov Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 18, 2012, 03:20:09 AM Goat doesnt have to pay out till Pirate defaults which would be tuesday. It would be a shame to destroy such a nice coin needlessly :) Just because pirate is shutting down doesn't mean he defaulted.He announced the shut down, and if everyone gets back the coin they are owed, then it is a clean shutdown. No default. -- Smoov Of course. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: stochastic on August 18, 2012, 03:34:44 AM Goat doesnt have to pay out till Pirate defaults which would be tuesday. It would be a shame to destroy such a nice coin needlessly :) Just because pirate is shutting down doesn't mean he defaulted.He announced the shut down, and if everyone gets back the coin they are owed, then it is a clean shutdown. No default. -- Smoov ::) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: organofcorti on August 18, 2012, 03:51:17 AM Goat doesnt have to pay out till Pirate defaults which would be tuesday. It would be a shame to destroy such a nice coin needlessly :) from the locked BST thread: (https://bitcointalk.org/index.php?topic=50822.msg605957#msg605957) Quote When will I get my coins? Starting Monday I’ll begin systematically closing and withdrawing accounts as coins are transferred. I don't expect the entire process to last longer than a week. So Goat won't have to pay out until Tuesday week if Pirate defaults. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ShadowAlexey on August 18, 2012, 04:54:06 AM You dont have any plans of investing this funds in other fonds to get interest?)
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: wirmola on August 19, 2012, 12:23:36 PM I guess you knew btcst was shutting down.. Too good timing for making this bond :/
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: btharper on August 19, 2012, 11:20:08 PM I guess you knew btcst was shutting down.. Too good timing for making this bond :/ No, I did not know. Also I'm still not 100% sure Pirate will pay. I won't know until the coins hit my wallet. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: jamesg on August 20, 2012, 12:16:45 AM About the only "secret" info I had was that at some point in the future Pirate would be lowering rates. However I had assumed it was months away. Him closing up shop this quickly I had no idea. Since I don't know if pirate will pay or not I can't count this as a win or a loss. But I will pay out either way and have bought all the bonds at 1 BTC and have placed a small amount of coin there to take extra sales. Good luck! Hi Goat, To be clear, are you purchasing back bonds at 1 BTC each before pirate pays out? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: piotr_n on August 20, 2012, 09:24:23 AM To be clear, are you purchasing back bonds at 1 BTC each before pirate pays out? Yes, because this is an insured bond. The face of 1 BTC is guaranteed no matter what pirate will do. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: piotr_n on August 21, 2012, 04:48:49 PM When can we expect you to begin buying back the shares? A nice bidwall @ 1.0 is what that gold casascius coin was shown off in this thread for. Assurance you would cover. It has been made clear pirate is done. Looking at a bid of 3 @ .5 is insulting. It should not have taken you this long to redeem a code. No word from pirate about the interest and it has been about 4 days since I requested my last withdraw so it looks like a default for this bond. 1 BTC buy wall is going up soon. The BTC are now on the way to GLBSE. Don't buy it people - don't be stupid! Pirate was very specific about the interests: Quote The moment your account is closed you’ll receive your coins plus any interest accrued up to the hour it was sent. https://bitcointalk.org/index.php?topic=50822.0 And moreover, yesterday my BS&T account's balance was increased by the last weeks interest - so I am sure that Goat's account has been increased as well... He's just selling small lies to you, as he always does. That's his business model :) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Gladamas on August 21, 2012, 04:50:34 PM When can we expect you to begin buying back the shares? A nice bidwall @ 1.0 is what that gold casascius coin was shown off in this thread for. Assurance you would cover. It has been made clear pirate is done. Looking at a bid of 3 @ .5 is insulting. It should not have taken you this long to redeem a code. No word from pirate about the interest and it has been about 4 days since I requested my last withdraw so it looks like a default for this bond. 1 BTC buy wall is going up soon. The BTC are now on the way to GLBSE. Thanks. Lying to make a profit? I now accuse you of spreading FUD. This is not acceptable. Pirate clearly stated in IRC and elsewhere that it will take a few days to pay everyone back, and he is doing it as fast as he can. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: dust on August 21, 2012, 04:55:31 PM When can we expect you to begin buying back the shares? A nice bidwall @ 1.0 is what that gold casascius coin was shown off in this thread for. Assurance you would cover. It has been made clear pirate is done. Looking at a bid of 3 @ .5 is insulting. It should not have taken you this long to redeem a code. No word from pirate about the interest and it has been about 4 days since I requested my last withdraw so it looks like a default for this bond. 1 BTC buy wall is going up soon. The BTC are now on the way to GLBSE. Thanks. Lying to make a profit? I now accuse you of spreading FUD. This is not acceptable. Pirate clearly stated in IRC and elsewhere that it will take a few days to pay everyone back, and he is doing it as fast as he can. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: piotr_n on August 21, 2012, 04:57:35 PM You don't have to sell now if you want to wait for interest. I wish Goat was the one who said that :P Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ShadowAlexey on August 21, 2012, 05:47:47 PM So, if he pays interest for this week as well, you wont pay it to us?)
Dont u think that this is smt not very polite? At my opinion if u want to finish this quicker, u should pay interest for this week as dividend and buy back all bonds at 1.055 for interest of previous week. Or again this is not what was said at the contract, but please take into account that u will also may get interest for this week, which should be payed at next Tuesday... Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: burnside on August 21, 2012, 05:58:26 PM Quote Full contract: TYGRR.BOND-PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 100% of the face value of the bond will be insured. 75% of the bonds value will be stored offline. 75% of the insurance money will not be loaned or invested. The weekly rate paid out will be X-.015 X is the rate Pirate pays out on face. Chaang-Noi has the right to buy back the bonds at any time at the weighted weekly price plus 10%. Payments will be made weekly at around 10 PM Tuesdays Thailand time. I believe you are responsible for the last week's 0.055 when Pirate pays out. Pirate is still paying out X. It has been a week since the last dividend, and you are just today announcing the default. Thus IF and when you do receive your withdrawal, you owe 0.055/bond. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ShadowAlexey on August 21, 2012, 06:00:51 PM Em, speaking strictly why is it 0.055 for a bond?
If Pirate will pay for this week to, then this would be actually maybe 10% payout, so 1.5% goes to Goat on his contract and everything else goes to us, isnt it? My IMHO Goat is responsible for any single btc of pirate out, if it is delayed then he should pay us the same way pirate does, only on 5.5%/w rate Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ShadowAlexey on August 21, 2012, 06:16:18 PM Your contract says that u will pays us weekly rate-0.015
Doesnt it mean, that if pirate will payout u will have interest for previous and this week payed out, which means that u also should be paying dividends for that time? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: burnside on August 21, 2012, 06:31:52 PM Quote The weekly rate paid out will be X-.015 X is the rate Pirate pays out on face. You do not state in the contract that a default renders the remaining contract stipulations void. Per the contract if you collect X, then X-0.015 is owed to the bond holders. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: El Cabron on August 21, 2012, 06:34:33 PM Your contract says that u will pays us weekly rate-0.015 Doesnt it mean, that if pirate will payout u will have interest for previous and this week payed out, which means that u also should be paying dividends for that time? Yes, But I will not keep paying after he defaults. That is just silly. Pirate failed to let me take money out of the account within 72 hours or pay interest so I am obligated to buy back the bonds at 1 BTC. He defaulted and I'm forced by contract to buy them back now. I will buy back at 1.055 assuming pirate will pay interest for that week if you want to wait and find out but I am not obligated to do this. The bond is now dead and he has defaulted. I can't keep paying you interest and be forced to have money in GLBSE at the same time to meet my contract obligations. I'm not going to deal with trolls and assholes. If you find this interpretation unfair please start a new scamming accusation thread. Thank you. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: burnside on August 21, 2012, 06:37:50 PM I will buy back at 1.055 assuming pirate will pay interest for that week if you want to wait and find out but I am not obligated to do this. Thank you. Agree to disagree on the obligation part, but that's what I was after. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: burnside on August 21, 2012, 06:59:07 PM I will buy back at 1.055 assuming pirate will pay interest for that week if you want to wait and find out but I am not obligated to do this. Thank you. Agree to disagree on the obligation part, but that's what I was after. How can I collect interest on coin that I am forced by contract to have in GLBSE? It's the insurance company's money that is forced by contract to be in GLBSE. The bond holder's money is still with Pirate, supposedly collecting interest until payout. In this case, you're the insurance company, sorry. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ShadowAlexey on August 21, 2012, 07:09:52 PM First of all, there is no definition of pirate default in your contract, so this should be decided by majority.
Plus, there havnt said anything about not paying out interest if he defaults. Meaning that if he pays interest while we hold the bonds even if we decide that he defaulted u should take your part and pay it to us.Second part is that u may force buyback only on market price avg. +10%.Other stuff should be done only when we chose to do so. And if u get interest for this week, it automatically means that your bonds should be alive till next payout. Dont do double standards, if u wish to flow only the contract then u should do so fully, not only the way u interpret it your self... Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: piotr_n on August 21, 2012, 07:31:08 PM Why cant you just pay them whatever you get back from Pirate, minus your 1.5%?
You sold these bonds couple weeks ago, at 1.50. If Pirate does pay out, wouldn't you be feeling sorry for them? I mean.., I would, at least a bit :) Why to barter about the pity interest? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: piotr_n on August 21, 2012, 07:43:24 PM Why cant you just pay them whatever you get back from Pirate, minus your 1.5%? You sold these bonds couple weeks ago, at 1.50. If Pirate does pay out, wouldn't you be feeling sorry for them? I mean.., I would, at least a bit :) Why to barter about the pity interest? Trolls gonna to troll... Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: piotr_n on August 21, 2012, 08:20:41 PM Why cant you just pay them whatever you get back from Pirate, minus your 1.5%? You sold these bonds couple weeks ago, at 1.50. If Pirate does pay out, wouldn't you be feeling sorry for them? I mean.., I would, at least a bit :) Why to barter about the pity interest? Trolls gonna to troll... Try to read the contract and try to figure out where I am obligated to have the BTC. Then try to figure out what you are asking me to do and see if that would require me to have the BTC in two places at the same time.. This can not be made more clear. Also do not forget your contract was with me, not pirate. If you are asking me why will I not break the contract just because you want me to be nice, well lol you are silly. How about I brak the contract if pirate does not pay me back? You all will be nice right? Oh lol! Am I daring asking you to break the contract? No - not at all. I don't even have one of these shitty bonds. I'm just saying that you are mean. And also that you should feel embarrassed. But you obviously don't. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: piotr_n on August 21, 2012, 08:34:01 PM I am mean.. so yeah you are just trolling.. lol. I am sort of trolling - yes.Thanks buddy... But putting my message to you in public is all that matters to me. Otherwise you wouldn't just read it. So if you want, go to the admin and ask him again to remove my posts, because you care so much about off-topic on the forum. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Littleshop on August 21, 2012, 10:43:13 PM Why cant you just pay them whatever you get back from Pirate, minus your 1.5%? You sold these bonds couple weeks ago, at 1.50. If Pirate does pay out, wouldn't you be feeling sorry for them? I mean.., I would, at least a bit :) Why to barter about the pity interest? Trolls gonna to troll... Try to read the contract and try to figure out where I am obligated to have the BTC. Then try to figure out what you are asking me to do and see if that would require me to have the BTC in two places at the same time.. This can not be made more clear. Also do not forget your contract was with me, not pirate. If you are asking me why will I not break the contract just because you want me to be nice, well lol you are silly. How about I brak the contract if pirate does not pay me back? You all will be nice right? Oh lol! Am I daring asking you to break the contract? No - not at all. I don't even have one of these shitty bonds. I'm just saying that you are mean. And also that you should feel embarrassed. But you obviously don't. I also do not have any of these bonds. But as the insurance paid out as stated I would not call them shitty. I would call them fantastic. I was leery of these 'insured' bonds but obviously Goat has honored his commitment. Other pirate depositors do not have access to their coins at the moment at all and if these holders wanted to cash out they can do it now at a potential advantage. That advantage alone could be worth much more then that interest payment. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Gladamas on August 21, 2012, 10:52:19 PM Why cant you just pay them whatever you get back from Pirate, minus your 1.5%? You sold these bonds couple weeks ago, at 1.50. If Pirate does pay out, wouldn't you be feeling sorry for them? I mean.., I would, at least a bit :) Why to barter about the pity interest? Trolls gonna to troll... This is completely crossing the line. He was NOT trolling; he just wanted a simple question answered. It is fine to respectfully correct people for being misinformed, but calling someone a troll just because you don't agree with their viewpoint is unacceptable. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Vladimir on August 21, 2012, 10:56:46 PM Quote Topic: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Why all the emotions? It is 100% insured, is it not? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 21, 2012, 11:03:37 PM The contract deosnt mention the interest being insured just the 1btc value of the bond. I dont see why Goat would have to pay interest if pirate hasnt paid him, and the only reason he would pay is goodwill which at this point would probably help with the pitchfork mob thats coming :)
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: burnside on August 21, 2012, 11:31:43 PM The contract deosnt mention the interest being insured just the 1btc value of the bond. I dont see why Goat would have to pay interest if pirate hasnt paid him, and the only reason he would pay is goodwill which at this point would probably help with the pitchfork mob thats coming :) I tried to be clear that I only believe Goat is on the hook for the 0.055 ~if~ pirate pays out. At that point he's up ~0.5 BTC/bond anyway, so I don't think he minds paying out the 0.055. :) On the other hand, if pirate does not pay out, life sucks for Goat as much as it does for the rest of us and I certainly would not expect interest on money that has gone *poof*. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 21, 2012, 11:40:28 PM The contract deosnt mention the interest being insured just the 1btc value of the bond. I dont see why Goat would have to pay interest if pirate hasnt paid him, and the only reason he would pay is goodwill which at this point would probably help with the pitchfork mob thats coming :) I tried to be clear that I only believe Goat is on the hook for the 0.055 ~if~ pirate pays out. At that point he's up ~0.5 BTC/bond anyway, so I don't think he minds paying out the 0.055. :) On the other hand, if pirate does not pay out, life sucks for Goat as much as it does for the rest of us and I certainly would not expect interest on money that has gone *poof*. No he shouldnt mind. Thats the "goodwill" part i was talking about :) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ShireSilver on August 22, 2012, 02:03:11 AM I'm buying back for 100% if he fails to send out coin. I'm buying back at 105.5% if he pays out in full with interest. People are crazy cuz I don't know why... How long will we have to wait to know if we're getting 100% or 105.5%? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: mcris444 on August 22, 2012, 02:07:56 AM How long will we have to wait to know if we're getting 100% or 105.5%? I assume the day that goat receives the BTC in his wallet. No sooner than that. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: danster82 on August 22, 2012, 01:32:47 PM Another dirty useless fucking parasite.
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: bitcoinBull on August 22, 2012, 02:21:16 PM The contract deosnt mention the interest being insured just the 1btc value of the bond. I dont see why Goat would have to pay interest if pirate hasnt paid him, and the only reason he would pay is goodwill which at this point would probably help with the pitchfork mob thats coming :) I tried to be clear that I only believe Goat is on the hook for the 0.055 ~if~ pirate pays out. At that point he's up ~0.5 BTC/bond anyway, so I don't think he minds paying out the 0.055. :) On the other hand, if pirate does not pay out, life sucks for Goat as much as it does for the rest of us and I certainly would not expect interest on money that has gone *poof*. No, his life is 33% better than yours either way. He buys the bonds back for 1.0 BTC if pirate defaults or if pirate pays. Either way, he's up 0.445 BTC per bond sold (because none of the 1.5 BTC you paid was ever sent to pirate). You automatically gave him 33% of your principal. gee thanks for the great terms and taking that risk for me ::) lol, the risk he takes is that pirate pays interest for 6 more weeks (33% / 5.5%). Oh wait, no risk for him there since his funds with pirate already covers that. So he's up 33% risk-free and you're out. WOW LET ME GET SUM OF THAT ::) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: organofcorti on August 23, 2012, 08:29:51 AM Another dirty useless fucking parasite. Matthew is that you? lol You are the only one to call me names on the forum, why can't you use your main account? lol No, Goat I don't think that was referring to you. I just think danster82 was just announcing himself to the thread so other forum members would know what kind of person they would be dealing with. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: bitcoinBull on August 24, 2012, 01:02:49 AM You should try working out your maths again... Its your maths, not mine. IPO price will be 1.55 Contract TYGRR-BOND.PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 1 insured BTC for 1.55 BTC. what a deal ::) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 24, 2012, 02:51:18 AM You should try working out your maths again... Its your maths, not mine. IPO price will be 1.55 Contract TYGRR-BOND.PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 1 insured BTC for 1.55 BTC. what a deal ::) This is why GIPPT was a better deal since they cover the whole issue price not just 1btc face value. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: MrTeal on August 25, 2012, 06:36:54 PM You should try working out your maths again... Its your maths, not mine. IPO price will be 1.55 Contract TYGRR-BOND.PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 1 insured BTC for 1.55 BTC. what a deal ::) Goat takes in 1.55BTC per bond. Goat sends 1BTC to Pirate, 0.55BTC is his. Pirate defaults, sends Goat 0BTC. Goat pays out 1BTC. How is Goat making a killing on this bond again? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: bitcoinBull on August 25, 2012, 06:57:30 PM You should try working out your maths again... Its your maths, not mine. IPO price will be 1.55 Contract TYGRR-BOND.PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 1 insured BTC for 1.55 BTC. what a deal ::) Goat takes in 1.55BTC per bond. Goat sends 1BTC to Pirate, 0.55BTC is his. Pirate defaults, sends Goat 0BTC. Goat pays out 1BTC. How is Goat making a killing on this bond again? Like I said, he doesn't send the 1 BTC to pirate. Instead, in the case that pirate doesn't default and continues paying interest, he can pay the interest on your coin with the interest he gets on his own coins. He swapped the risk of a pirate default onto the buyer of these insured bonds, who loses 33% if pirate defaults. He assumed the risk that pirate continues to pay for 6 more weeks. Pirate only paid on 2-3 weeks after the start of the bond, so goat keeps that difference. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: MrTeal on August 25, 2012, 07:06:45 PM Goat takes in 1.55BTC per bond. Goat sends 1BTC to Pirate, 0.55BTC is his. Pirate defaults, sends Goat 0BTC. Goat pays out 1BTC. How is Goat making a killing on this bond again? Like I said, he doesn't send the 1 BTC to pirate. Instead, in the case that pirate doesn't default and continues paying interest, he can pay the interest on your coin with the interest he gets on his own coins. He swapped the risk of a pirate default onto the buyer of these insured bonds, who loses 33% if pirate defaults. He assumed the risk that pirate continues to pay for 6 more weeks. Pirate only paid on 2-3 weeks after the start of the bond, so goat keeps that difference. So your contention is that Goat is lying about this bond, and he never actually sent the 1BTC to Pirate and still has all the funds in his pocket? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: coinft on August 25, 2012, 11:38:49 PM Goat takes in 1.55BTC per bond. Goat sends 1BTC to Pirate, 0.55BTC is his. Pirate defaults, sends Goat 0BTC. Goat pays out 1BTC. How is Goat making a killing on this bond again? Like I said, he doesn't send the 1 BTC to pirate. Instead, in the case that pirate doesn't default and continues paying interest, he can pay the interest on your coin with the interest he gets on his own coins. He swapped the risk of a pirate default onto the buyer of these insured bonds, who loses 33% if pirate defaults. He assumed the risk that pirate continues to pay for 6 more weeks. Pirate only paid on 2-3 weeks after the start of the bond, so goat keeps that difference. So your contention is that Goat is lying about this bond, and he never actually sent the 1BTC to Pirate and still has all the funds in his pocket? Actually the contract doesn't say 1 BTC is sent to pirate. I guess he does it differently, completely backed by the contract: Get 1.55 IPO price. Keep 0.75 for collateral, as promised. Send 0.85 to pirate. Pirate pays 0.85*0.07=0.0595 per week, of which Goat pays 0.055 out as dividends, and keeps 0.0045 as fee. This makes Goat a tiny profit per week, gets him 0.55 per share if pirate winds down orderly, but costs him 0.25 per share if pirate defaults. This fits Goats expectation of pirate not defaulting very well. We'll see if it works out, and hear the wailing of totally surprised investors meanwhile. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: coinft on August 26, 2012, 12:09:08 AM Goat takes in 1.55BTC per bond. Goat sends 1BTC to Pirate, 0.55BTC is his. Pirate defaults, sends Goat 0BTC. Goat pays out 1BTC. How is Goat making a killing on this bond again? Like I said, he doesn't send the 1 BTC to pirate. Instead, in the case that pirate doesn't default and continues paying interest, he can pay the interest on your coin with the interest he gets on his own coins. He swapped the risk of a pirate default onto the buyer of these insured bonds, who loses 33% if pirate defaults. He assumed the risk that pirate continues to pay for 6 more weeks. Pirate only paid on 2-3 weeks after the start of the bond, so goat keeps that difference. So your contention is that Goat is lying about this bond, and he never actually sent the 1BTC to Pirate and still has all the funds in his pocket? Actually the contract doesn't say 1 BTC is sent to pirate. I guess he does it differently, completely backed by the contract: Get 1.55 IPO price. Keep 0.75 for collateral, as promised. Send 0.85 to pirate. Pirate pays 0.85*0.07=0.0595 per week, of which Goat pays 0.055 out as dividends, and keeps 0.0045 as fee. This makes Goat a tiny profit per week, gets him 0.55 per share if pirate winds down orderly, but costs him 0.25 per share if pirate defaults. This fits Goats expectation of pirate not defaulting very well. We'll see if it works out, and hear the wailing of totally surprised investors meanwhile. Some reasonable maths! This is very close to what I did. But yeah I lose if pirate wont pay back. I had no idea he would stop so soon. Yeah I made a typo ... 0.75 + 0.85 is not 1.55 ... Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Smoovious on August 26, 2012, 12:25:31 AM SLUGS ON TOAST! Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Rygon on August 27, 2012, 12:40:40 AM Why is this trading below 1BTC? Are investors betting that both pirateat40 & Chaang Noi are going to default? it is not.. i have a large wall at 1 btc :/ Right now, there is a bidwall at 0.9999999. Can we still sell at 1 btc? Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Mousepotato on August 27, 2012, 05:49:47 PM Yeah, where did the 1.00 bid wall go?
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: MrTeal on August 28, 2012, 02:44:14 AM Yeah, where did the 1.00 bid wall go? It went to .9999999 cuz people are holding the 1.0 spot hostage. Once they leave I will move it up. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Bitcoin Oz on August 28, 2012, 02:46:00 AM Yeah, where did the 1.00 bid wall go? It went to .9999999 cuz people are holding the 1.0 spot hostage. Once they leave I will move it up. lol Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Gladamas on August 28, 2012, 04:32:23 AM Not trying to be an ass here, but I believe Goat is technically violating the contract by buying back bonds at 0.9999999 BTC instead of 1.0 BTC, as he is obligated to do.
Quote from: https://glbse.com/asset/view/TYGRR.BOND-PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 100% of the face value of the bond will be insured. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Gladamas on August 28, 2012, 05:28:25 AM Not trying to be an ass here, but I believe Goat is technically violating the contract by buying back bonds at 0.9999999 BTC instead of 1.0 BTC, as he is obligated to do. Quote from: https://glbse.com/asset/view/TYGRR.BOND-PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 100% of the face value of the bond will be insured. Okay I will take down the wall at .9999999 If you want these bonds bought back at 1 BTC you will need to do the following. PM me on the forum or e-mail and let me know how many bonds you will be sending and a return BTC address. Once I okay that send the bonds to my GLBSE account. Once I have the bonds I will send you the full BTC amount. Thanks Gladamas for helping me see the errors of my ways, I almost got a scammers tag there! Goat, it's no problem, I just thought it was a funny technicality violation... another possibility is to leave the bidwall there and then honor buybacks as mentioned in your post. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: GeoRW on August 28, 2012, 09:16:16 AM Not trying to be an ass here, but I believe Goat is technically violating the contract by buying back bonds at 0.9999999 BTC instead of 1.0 BTC, as he is obligated to do. Quote from: https://glbse.com/asset/view/TYGRR.BOND-PI Bond face value is 1 BTC. If BTCST defaults the bond will be worth 1 BTC. If BTCST does not default the bond will be worth 1 BTC. 100% of the face value of the bond will be insured. Okay I will take down the wall at .9999999 If you want these bonds bought back at 1 BTC you will need to do the following. PM me on the forum or e-mail and let me know how many bonds you will be sending and a return BTC address. Once I okay that send the bonds to my GLBSE account. Once I have the bonds I will send you the full BTC amount. Thanks Gladamas for helping me see the errors of my ways, I almost got a scammers tag there! You can still apply the forced buyback and recall the security (should be without fees AFAIK), but some people may not like it :) Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: wirmola on August 28, 2012, 09:36:39 AM looks like your second week of interest now,
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: piotr_n on August 28, 2012, 09:38:00 AM looks like your second week of interest now, be careful - people who remind him of that end up in his ignore list, with the troll label :)Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: btharper on September 02, 2012, 02:00:37 AM looks like your second week of interest now, Umm no. Go read the contract. I do not think I'm obligated to pay the first week but I will anyway cuz I said I would. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: unclescrooge on September 11, 2012, 12:38:49 PM I don't think people will forget that you're the only fully insured bonds that were reimbursed in time. I know I won't :)
Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: Rygon on September 11, 2012, 12:38:54 PM thank you guys for trusting me with an insured bond, sadly i lost my ass on this but oh well:) peace Thanks for the offering and holding up your end of the bargain, even though it ended up costing you. Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ShadowAlexey on September 11, 2012, 12:42:47 PM Actually all we lost some funds. For Goat it cost 333btc and for buyers it cost 733.
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