I think it only depends on if the lenders knew what the underlying business was. If I set up a pass through to buy Apple stock with my own e-trade account, and Apple takes a huge nose dive, it seems like I should only be responsible for my group's loss if I never told them or misled them about where their money was going. The people running the PPT's were honest about it.
The difference here is that we know Apple's business model much better than BTCST. Your analogy and what has happened here are worlds apart. I don't see how that is relevant. The only thing that matters is whether or not the people running the passthroughs were dishonest about what they were doing. If they were, they're responsible; if not, they were doing the consumer a favor. That the user of the passthrough wound up losing isn't the fault of the passthrough operator, it is the fault of the underlying scheme, and the user knew full well that his money was ultimately going to that scheme, whatever it might entail. |
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I think it only depends on if the lenders knew what the underlying business was. If I set up a pass through to buy Apple stock with my own e-trade account, and Apple takes a huge nose dive, it seems like I should only be responsible for my group's loss if I never told them or misled them about where their money was going. The people running the PPT's were honest about it.
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So November now!
Pretty sure it was always late October. |
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You guys even got satisfied when he moved 10k or 20k BTC from one address to other, despite that being no guarantee of payment.
When did that happen? |
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LOL  Organize an escrow with someone serious, and you have a bet  Sorry but using an escrow just reduces the opportunity for people to bet on whether or not I'll pay should I lose the bet. Is anyone asking for that? |
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Why the crap are you still taking bet increases Matthew?
He doesn't plan on paying. |
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I leave the thread for 1 day and this is what I come back to?
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Why don't you guys just pull together 50 bucks and hire a process server to find all the Trendon Shavers in Texas?
People have had a lot of information about Trendon Shavers (including his address) for a while. The question was whether pirate was actually Trendon Shavers or whether pirate had hijacked the identity of the real life Trendon Shavers. The evidence that pirate actually is Trendon Shavers is pretty overwhelming at this point. The next step is establishing whether or not he's done a skip (which should not be difficult). Ok then, why don't you put together whatever small amount of money it takes to establish that a person actually lives at that address. After that, you can attempt to find out if the resident is Trendon Shavers. All I'm saying is, this stuff is cheap next to the amount of money lost, and no one seems to be putting it out. |
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Also, don't be so certain that the order number increases by 1 each order.
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People are idiots, and I wouldn't be surprised if he somehow pulls a second hiest.
You're right about that. If Pirate came on made a plea for some last minute Bitcoins, only about 50,000 BTC or so, because he has to balance his books to make the BTC S&T automated payments come through (system security you know ), he'd quickly get it. People throw good money after bad all the time. |
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Why don't you guys just pull together 50 bucks and hire a process server to find all the Trendon Shavers in Texas?
If you get an address and it leads to a $100,000 house with a Lamborghini in the driveway with a license plate that says "PR8AT40", you'll be on to something. Barring that, you'll be stuck trying to make these online connections such as this one, which are spider-silk thin, at best.
$100k house with a Lambo in front of it ? Where do you live ? I wanna move THERE....lol My house is $400k and it's a dump ....and I only have an old Skyline GT-R parked at it....LOL I was implying that whoever lived there would be spending his ill-gotten gains on new money paraphernalia. |
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Why don't you guys just pull together 50 bucks and hire a process server to find all the Trendon Shavers in Texas?
If you get an address and it leads to a $100,000 house with a Lamborghini in the driveway with a license plate that says "PR8AT40", you'll be on to something. Barring that, you'll be stuck trying to make these online connections such as this one, which are spider-silk thin, at best.
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Date Paid: 29 August 2012
Order Number: 6637
Trade-In (Y/N): N
Qty SC Jalapeno: 2
Qty SC Single: -
Qty SC Mini Rig: -
Date Paid: 30 August 2012
Order Number: 6714
Trade-In (Y/N): N
Qty SC Jalapeno: 2
Qty SC Single: -
Qty SC Mini Rig: -
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some group but i dont think he would tarnish his own rep by being a representative for something dishonest like BTC market manipulation
Never. It's just a forum bet. There is nothing seedy or sinister involved. Sept 9 will bring smiles to most. I predict that Matthew knew all along that everyone got totally scammed by pirate and this is his way of giving back money to the people who lost it. Out of his own damn pocket. If you look at this as a bet, The man would have to be on drugs. Since he does not do drugs, The man is a philanthropist. Good Onya Matthew. I for one, do not take Matt at his word. Not when nearly $400,000 has been promised in payouts should he lose the bet. He hasn't proved his ability to pay. |
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Free market brings natural selection
Nothing "Free Market" about fraud. |
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People are still using GPUMax. WHAT IS WRONG WITH YOU?!?!?
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Yup Here it is
Direct from IRC
[19:54] <@pirateat40> As much as I've tried to meet the deadlines within the community, there're conditions beyond my control which have escalated the process to the point it is today.
[19:55] <@pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.
Damn I know I should have bet Matthew
So am I crazy, or would the logical thing to do if he was honest, be return what $ he has left from the fund proportionately back to their owners? If he had 500k BTC, and only has 400K left, why not just pay 4/5th of what you owe? At least that way, people aren't entirely screwed. It really depends on if he thinks he'll ever be caught in real life. If he thinks he's really anonymous, he may as well keep the coins or sell them and buy a house or something. If he pays, he's still open to civil and criminal penalties AND he doesn't have the coins. He may promise for years to pay all or partial... My guess is we've basically heard the last of him and no one gets anything more. Further, I doubt Matthew will pay his bet as he hasn't proved his control over 10k coins. Kiss it goodbye folks. |
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