Bitcoin Forum

I will currently be suspending all interest payments and withdrawals.  
As I receive coins from the various things that I have going on I will start sending people's principal back.  I will also be purchasing coins from my personal
funds.  Interest that has been paid out will be deducted from the current principal.  The reason for this is I would like to get everyone's principal
back before anyone receives anymore interest.  I am not able to give a timeframe on the repayment as there is alot of factors that can effect it.  I know for sure it won't be
weeks or months, but more then likely in the ballpark of 3 years.  

Why did this happen?

Over the last several weeks, I have had alot of depositors request their funds back with no new deposits.  I have been able to process these requests up until now.  I was also buying mining equipment and had some bad luck with some of the new vendors on the forum.  I put in some large orders that I never received the equipment in a timely manner, received equipment that really didn't work up to spec, or was forced to take a refund at a higher BTC price.  Finally I did make a mistake and invest a portion of the funds in BTCST along with with some personal funds.  

I do feel very bad that this has turned out this way.  I will do whatever I can to get everyone paid back.  I am also at a personal loss.  Payments will start going out Monday 9/8/12 9/10/12 EDIT.  This will be a slow process, so please be
patient.  

This is absolutely funny.

3 years? Oh right he is still here...well the same could be said about pirate and his promises.

Also in his thread he mentions being a 15 year old...LOL!

Yup all the PPTs are going to start bending their terms with their investors and possibly running eventually.

I don't see this ever being paid off.

But you can all hope.

Wait, WTF? Didn't he claim in another thread to own several rental properties?

Edit: Here's the thread where he claims to own/buy rental properties https://bitcointalk.org/index.php?topic=75480.msg839088#msg839088

I didn't click. Is that the thread where he is for reasons unknown somehow unable to obtain a bank loan despite owning several rental properties? Because that was a funny thread.