I bet most of the laughter has already taken place. Maybe left one more week of laughs. Then it will just get quieter.
*crickets.wav*
I'll take that bet! I'm very optimistic that the best laughs are still to come, especially when The Bets are decided. I fear they may not be heard through the thick blanket of quiet sorrow and false hope. |
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Its only theoretically possible to continuously pay at continuously decreasing rates. If you owe more bitcoins than exist, then its not possible to repay it all at once, or to repay it ever. Not possible, not even in theory.
I'm not defending any specific actions of any specific people, but it is possible to repay a loan that is larger than the monetary base if I can convince you to trade some of your bitcoins for my goods in service. I could, for example, pay half of it, then sell you a stack of gold bars to get all the bitcoin back, and then pay you the rest. Thanks. Your example is simple, I was overthinking it. It is possible, I stand corrected. |
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Jsus H. Christ. I feel like i am taking crazy pills. The stupidity on this forum is spreading like the plague.
Was spreading. Its been quarantined and is dying off now. Example: A borrower agreed to a $100,000 mortgage loan. The lender charged 1% for origination and a 1% discount, providing $98,000 of loan proceeds.
Obviously, I was referring to net proceeds or net profit, for the lender (not the borrower). Your idea of "proceeds" is a lender's loss. |
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(yes, a loan does come with proceeds up front)
A loan that comes with proceeds up front? So, like, they give you the loan *and* they give you the profits? OK, I'll take 10 of those. |
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The manipulator took his ask stairway down.
*ahem*, called that. I think we already saw the dump. Now Mr. M is just squeezing the last drops with his thin tiny bids. If/when the sell-drip stops, he'll flip the bids and asks to start pushing it the other way. His intention is to generate trading volume, he doesn't really care what the price is.
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Theoretically you can owe an unlimited number of btc, even more than will ever be in existence, and you still could be able to pay your debt. As long as you have enough backup assets, an some control over the flows, it could be possible...
What you cannot do in such a case is repay ALL your debt at once, but you could start a successful repayment process, because as you start paying, some of the flow of capital you were holding is going to find it's way to the exchanges, in pursuit of realizing a profit. If you're also there, offering the realized profit for other goods, you'll recover some of the bitcoins you just has left, and you can continue the payment process with those same bitcoins...
Now. I'm not saying that pirate will be able to do this. I'm just saying that this is theoretically possible...
Its only theoretically possible to continuously pay at continuously decreasing rates. If you owe more bitcoins than exist, then its not possible to repay it all at once, or to repay it ever. Not possible, not even in theory. |
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I am a partner in an equity management company, and used the proceeds from the large BTC loan to acquire more ownership in my firm.
Large loans come with interest costs, not proceeds. To generate proceeds you'd need an actual business, not "opportunities". Like selling hardware (not buying it). Everything is backwards in these subsections. People can hurt themselves when they try and do things opposite the logical order. |
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bitcoincharts has a percentage scale option, and uses the start date of the chart as 100%. Choosing the same start date where you find 1.0 on a google chart would produce the most accurate comparison.
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it would be very good for bitcoin if scammers and fraudsters would be caught and punished.
Time for serious providers of vengeance on the free black market. anyone who trusted pirate with their coins, is certainly not capable of doing the DD necessary to anonymously contract such services. Without getting scammed, *again*. So arrogant. So full of assumptions. No wonder someone took a 10 000 btc bet against guys like you. There'll sure be some serious laugh coming. How long will you give it? I bet most of the laughter has already taken place. Maybe left one more week of laughs. Then it will just get quieter. *crickets.wav* |
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the search volume index is charted at percentage scale, btw. you're comparing it to bitcoin price in linear scale and log scale.
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Don't worry payday is coming  maybe he pay you back in Litecoins. Or PirateCoins TM with a 500K PC pre-mine. Initial exchange rate 1 PC = 1 BTC. he should start his own blockchain that increases the generation rate by 7% per week, then let the market price it. sounds good to me. |
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it would be very good for bitcoin if scammers and fraudsters would be caught and punished.
Time for serious providers of vengeance on the free black market. anyone who trusted pirate with their coins, is certainly not capable of doing the DD necessary to anonymously contract such services. Without getting scammed, *again*. |
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Don't worry payday is coming maybe he pay you back in Litecoins. |
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Any updates?
*crickets.wav* |
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But if he staves off paying people for 2 whole weeks he will create even more FUD, and be able to buy back all the panic bond sellers for practically nothing! Then he can easily pay all the accounts back and profit even more, and still keep his "see I paid everyone!" reputation.
Buying the panic bonds doesn't help, because thats a third-party taking the haircut. The pass-through operator still expects to get paid in full. yea, and really funny that glbse is down currently. they would probably be doing record bond trading in the next several days. But he can still pay 1 operator fully back at a time, get a large portion of the payment back, then do the next, etc. True, that is a possibility. Easier said than done because others can front-run him and, in any case, he would still fall short long before fully paying the last pass-through (unless he actually generated some profits). |
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Is there any primer on how to read these walls again within the 100+ pages for us eco noobs watching from the sidelines?
I get the walls idea but so what, if there's a huge ask (selling) wall, the price should stay where it's at, right? If there's a huge bid (buying) wall, the price shouldn't move down too much either?
Should the charts be mirroring each other ideally?
Otherwise if the orange line is flat, all the lower priced orders could be bought up sold into so the price crashes?
Different opinions on walls, but you have the right idea. Correction to your terminology, when the bids are thin, they are sold into, crashing the price. When the asks are thin, they are bought up quicker (rally). That's what usually happens in my opinion, so I like trading based on depth (bid depth vs ask depth). Others think its better to ignore, because they are sometimes manipulation attempts ("fake" walls that get removed). |
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But if he staves off paying people for 2 whole weeks he will create even more FUD, and be able to buy back all the panic bond sellers for practically nothing! Then he can easily pay all the accounts back and profit even more, and still keep his "see I paid everyone!" reputation.
Buying the panic bonds doesn't help, because thats a third-party taking the haircut. The pass-through operator still expects to get paid in full. yea, and really funny that glbse is down currently. they would probably be doing record bond trading in the next several days. |
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I say: I love bitcoin, because its free Yoda says: because it is free, i love bitcoin I love Yoda  because free it is, bitcoin i love. |
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Yoda would say it like this: THAT IS WHY FAIL YOU.  |
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