And using BTC as an intermediary opens up the possibility of international investment garnering further potential suitors. It is a world currency.

::Hint:: There is talk of the EUR breaking up. Any EU lenders could protect from that eventuality possibly.

Have you tried getting a SBA loan these days?

Plus this is 36 Months, not 30 Years. Banks love you paying 5% for 10 to 30 years amortized.

All relavent information tends to get worked out for these types of loans.

Seems reasonable given the so far supplied information.

   Bitcoin is an alt currency/community experiment. It is the Wild Wild West of a community currency without boarders. There are the traditional ways of dealing with these imperfections and there will be new ways of dealing with them. If the BitCoin is considered just a currency pegged to a traditional fiat, then relying on the traditional systems will work (and not work).

Freeway,

   There is a reason Business usually pays out 10 - 25 K with minimal interrogatories. Because it is cheaper to pay the litigant than it is your lawyer. If you want a class action against shakaru and evidence including linking the chain transactions, I am sure someone will take you up on it. Or try at least. But, it will cost you a fortune.

This is a new world or old world in finance. The community pretty much relies on letters in a nick, post counts, past deals with other pseudo anonymous nicks, and emailed proof of identity. To me shakaru is just letters in a nick name on a internet forum.

  So, how does one deal with that with any confidence? I would suggest making use of the gpg nicknames to at least ensure that you are dealing with the same person to a reasonable standard. Then that begs to question, why would anyone lend money (BTC) to nothing except a nick name?  Well the reasonable wouldn't. However, if the bar to entry in these transactions is significant, it is entirely possible that it could work. i.e. A credit system that starts at 0 and with time and good history opens up a more traditional system of loaning. However, emphasis must be put on this reputation so it is so hard to gain that one fears losing it. The <nick> essentially must become an alter ego to the person that the person who owns it respects and fears losing its reputation. In essence, you are dealing with just the <nick> and not the alter ego person.

 Of course, there is a meeting of these two spheres because of the need for traditional fiat currencies. At a point, these spheres must touch so there is a mixture of real world systems and virtual systems. The intersection of these spheres is sometimes hard to define. vampire is in one sphere and uses traditional systems for arguments. He seems to me wouldn't invest in shakaru; he would invest in shakaru's real company. This can be done by looking up companies on the various Secretary of State office in our country and their counter parts in other countries. GLBSE and certain threads here are investing in the virtual sphere, relying on <nicks> and promises.

   I am for the creation of the new system. It opens up a world of business denied to millions of people. Why should only the big and powerful get to take advantage of 'loop' holes? If GE and big companies are allowed to do Double Irish and Dutch Sandwiches, why shouldn't you be able to do so also? Typically governments being lobbied by big companies will put pressure on up and coming companies to prevent them from taking a market share. See this is where something went wrong. Build a better 'mouse trap' today and you either get sued, fined, taken over, or imprisoned. Or, you cave to venture capitalist and sell out. Small Businesses here are in a decline and new creation is down. This isn't because that people don't want to try. It is because they fear trying.

  Freeway, you and others have become a failed leg in this experiment. Good will come out of it, hopefully. I've seen the tendency to fall back on traditional systems. But, IMO, you yourself know this won't work. Why?, because if you were going to sue IRL, you wouldn't be here pleading for help. Your lawyer, might be.

In my opinion, this can be turned into something good. A credit system that has a high bar for entry and relies on a system of gpg <nick> identity can be formed. Others are working on a credit system and I am dabbling in one. My system is harsh tho. One failure to pay will significantly hurt the <nick>. This will be an affront to traditional methods of finance and governments. Expect, resistance from 'them.'  They all want to know 'who' and 'where', but in reality it doesn't matter as long as the bills get paid.  When I take $5 out of my bank, I don't tell the teller that I am going to buy a 'Big Mac.'  

I am sorry for yours and others loss here and that I have co-opted your thread for my rant but something here tweaked an interest.

I am however, surprised that shakaru hasn't received some type of 'Tag', maybe not the 'Scammer Tag' but maybe a Defaulter Tag, or something appropriate.

Good Luck,

tl;de      hmm.. does 'to long';'didn't edit' exist?

ah.. Ok. Thanks for the clarification.


lol, another for Bitcoin Firsts. The first online BTC Bankruptcy. Pretty good idea actually. Cheaper than lawyers too...

Has he indeed filed for Chapter 13?


If so, it would seem everybody is out of luck. And anyone bidding on the auction should be made aware of it.

Otherwise this thing will be passed around forevarrrr.


Freeway,

  Don't take offense at attitudes. Your posts seem to have a ring of a kid going: Mommy, mommy, mommy. It causes headaches and people get tired of it.  Other people put time in on your behalf. You can't now complain they aren't doing enough or you want more.

Good Luck.

Yes and No.

   I agree that disclosing the information motivates the service to fix and/or change. However, one doesn't want to start a panic/attack on the service out of the blue. I would suggest that one should initially inform the service of the flaw and disclose the timeframe before the information will be publicly disclosed.

  It's not that a company makes mistakes that determines validity; it's the willingness and effort to fix them.

I bet. Let me know who wins the fight between: Jered and Ben 

Pics please.

I have a big screen. Need another.

Good questions, I would suggest you answer them before 'investing'.

If 'Herding' is natural, then so are Governments.

Ok, Ok, but please don't forget about the sexually frustrated males.

I see you like big logs.


All for you getting more women into bitcoin and informing them. Sex Sells, but I don't see why it can't be done by women.

Go for it.

Personally, I think the tease of sex sells more.

Simple,

It is the easiest to turn off and on. Efficiency over time.

So when, Ideology meets Reality = FAIL

But 'maybe' the OP had 'shorted' the stock of the Solar and Wind power industries. Hmm...

Perhaps I assume to much.

OTC refers to a channel on freenode irc servers known as #bitcoin-otc. There is a bot there named Gribble. Once you have gpg you can authenticate with the bot so others will know that you are the <nick> you represent yourself to be.

So first: Get on Freenode IRC servers, then /j #bitcoin-otc

Follow the wiki previously provided to authenticate with gribble the bot. The wiki is very well written and if you 'read' and follow the instructions, you should be able to get through it. Some help may be provided by others once there.

Best Regards.

Here are the instructions for authenticating with the bot using GPG: http://wiki.bitcoin-otc.com/wiki/GPG_authentication

Little of Topic. Sorry Mods.

This would destroy the community. Imagine having to verify every dollar you spent to insure it wasn't previously stolen. Not to mention, I could send you coins for something and then claim somehow you stole them. It is a mess that is better left alone.

Although, it has been known that a certain exchange has frozen accounts for 'stolen' coins. That is a mess he has to defend. Especially since the person that had coins frozen claimed to buy them from another exchange. So, the unsuspecting customer got the shaft supposedly.

Anyways sorry for your loss.

Sorry for off topic.

If true, they will say you got haxed. Sorry...

There is no BDIC, yet!!!