You always answer a question with a question?  yes Something to hide? Even pirate could answer the question from his end. What's the problem?  hahaha... whoosh! |
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You always answer a question with a question? yes |
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Q. does everyone think 100% of my BST account belongs to 'bitcoinmax' and has had no other (private) cashflow whatsoever?
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The 5.1% just kicked in  Pretty sure pirate said he was paying old rates. yeah i programmed the 5.1 and 4.9 in a while back when i first mentioned them. once i confirm that pirate is still paying the old rates, i'll adjust those back up to 6.9. |
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1) payb.tc - this is an extremely serious matter at this point. The first of many deadlines, dates, and "just wait" periods have expired. I want to know the total BTC owed to your accounts. I do not want to know any individual information, and debating me on your exact number of accounts is childish and arbitrary. 373, 367, 400 or 350 is about the same, and judging from the people looking to sell their accounts there were a handful of large holdings. I feel we should know how much in total to better gauge the scale of what Pirate would have to be holding in order to make the orderly return of funds as promised. This is very important information at this stage and can help manage the expectations of your clients. Just a total BTC owed to BitcoinMax from Pirate is the number that I think many in this thread, pro or against, would like to know and the total number doesn't violate any client's privacy.
2) If you are owed ~ 50k BTC from Pirateat40 then it can be theorized that BurtW has a similar sized operation with the pass-through bonds. I recently heard today of other large individual investors that did business directly with Pirate. This is adding up to a large amount, and knowing exact figures would put more into perspective what was already paid out in interest and what is currently owed back as principle.
3) Best guess Pirate Debt right now is ~ $2.4M USD - this is only a guess of course, I know numbers like 500k BTC / ~ $5M USD have been tossed around and that's certainly possible but I think Pirate likes to exaggerate a bit. I further wouldn't be surprised if he owes ~ $800k USD and is claiming $5M - but the point here is that Pirate has the largest BTC debt ever owed - and by a very large margin.
if 373, 367, 400 and 350 are all the same to you then to you micon i say i am owed 150,000 bitcoins, no wait, make that 141,000 bitcoins, err actually i'm owed 194,403 btc... all the same right? keep guessing, i don't owe you anything. not coins, nor facts. |
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in order of priority
- pay those that requested withdrawals before BST closed. (2012-08-17 17:58:00 UTC).
- pay last week's principle balance in order of account age, including any deposits made during this week.
- pay this week's interest earnings in order of account age
This is fair. Paying according to account age is not fair. Paying in proportion to account size is fair. I guess it depends on your perspective. I fully expect pirate to live up to this commitment and return 100% of what he promised. I do, however, expect it to come in stages and this, IMO, is a fair means of delivering the funds in a staggered manner. this post hits it spot on... the account age thing is relevant if 100% of the coins are paid, but in stages. micon, i can't believe how you still to this day continue to get your facts wrong... i have never claimed to have '367 accounts'. where do you do your research? |
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some people were wondering what is an old/new bitcoinmax account, relatively speaking, so i put a little message in the login area to show your ID number (out of 373 accounts).
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Thanks. That will be useful. But who in the world uses that sub-forum.. sigh Bitcoin Forum > Economy > Marketplace > Lending > Long-term offers I would not think to go to long term offers to find updates about a scheme that ended on friday. I would go there for new offers that are long term :-| i would never think to go there either. but i always think to go to: Show unread posts since last visit. which makes the forum layout kind of irrelevant. |
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i am curious about several aspects of the business "bit-pay" and rather than ask steve directly, i thought i'd ask the forum to engage in some wild speculation instead: - how much is bit-pay worth as a business if sold today?
- how much would it cost financially to build a 'bit-pay' from scratch?
- how long would it take, to build a 'bit-pay' from scratch?
- how much manual labour (hours per day) is involved in running a 'bit-pay'? - and how much of that could potentially be automated?
and most importantly: - how can i incorporate more bikini models into my own work life?
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so have the payouts from pirate started yet?
nope. i used to get them around 2-4am my time.... it's only just after 9pm at the moment. |
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Your best bet might be to post your resume/CV in the "marketplace" section of this very forum.
yes, i was also going to suggest https://bitcointalk.org |
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Thanx i am still synchronizing with the network itz taking lot of time is der any way to speed it up.................
move to korea or sweden. what country are you in? |
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in order of priority
- pay those that requested withdrawals before BST closed. (2012-08-17 17:58:00 UTC).
- pay last week's principle balance in order of account age, including any deposits made during this week.
- pay this week's interest earnings in order of account age
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exciting day today, waiting for any info about money from pirate  maybe stressful, depending on how many coins you have invested  |
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I consider myself rather nerdy (search function didnt help), but apparently am entirely out of the loop on this term. It seems to be something like trolling... but what exactly does this stand for?  nerd didn't think to type "fud stands for" into google? |
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Sundays at 24:00 UTC
is that the midnight between saturday and sunday, or the midnight between sunday and monday? What it probably should read is Sunday 23:59 UTC. In other words the midnight between Sunday and Monday. I'll clear that up in the OP. in that case, that is Monday 00:00 UTC |
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but then you still have the job of importing them into a wallet, and for the standard client, that will take days. if you use the bulk address generator of bitaddress.org, your best bet after that is to import into an armory wallet. |
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Sundays at 24:00 UTC
is that the midnight between saturday and sunday, or the midnight between sunday and monday? |
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why the need to generate them all at once?
if you're getting 10 customers a day, you just need to generate 11+ addresses a day to keep up and fill your db.
why the need to have them as vanity addresses? how long is the vanity string you have in mind?
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I am a little concerned:
Pirate stated that he had talked this over with his clients but pay.btc seemed very surprised in the IRC.
Did you have direct contact with Pirate since the announcement?
because i'm not a client, i'm a lender. opposite side of the table. |
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