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Legendary
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FPV Drone Pilot
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August 25, 2012, 04:58:14 PM |
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I would prefer if this didn't go off topic. Where are the updates?
There are no updates. TADA back on topic. Well there is one update since yesterday: The amount owed by Pirate to his creditors has increased by another 5,000 BTC! If Pirates claim of 500K BTC is accurate that would mean he now owes ~540,000 BTC (minus the value of 11 unconfirmed "small accounts"). Also his interest only obligation is now ~$56,700 per day or $39.38 per minute. That means he needs to pay $56,7000 a day every day not to pay off the "investors", but to avoid the amount he owes from increasing. Yes his debt in in BTC but I am using USD because maybe that makes it more "real". So say today he paid back $25,000. The amount he owed would still be increasing. Even if you still believe he had a legit business which could afford $57,600 a day in interest, he shut it down a week ago. He nows owes about a half million USD more than when he shut it down. And remember, it's "at least" 500k BTC ok so this keeps bothering me: since the shut down, everyone has been monitoring this wallet over in Speculation: https://bitcointalk.org/index.php?topic=94675.0 looks to have acquired 500k+ btc after 2012 started, with a recent 100k shipment before the Gox market tanked from $14-> $7 -> $10 so it seems like he ended the BCST with ~ 500k hard BTC in a wallet. Now remember he paid a shit ton of interest, always depleting principal week after week - so that means he may have collected ~ 700k BTC and paid out ~200k BTC over time and is left with ~500k BTC.
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Grinder
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August 25, 2012, 07:03:48 PM |
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so it seems like he ended the BCST with ~ 500k hard BTC in a wallet. Now remember he paid a shit ton of interest, always depleting principal week after week - so that means he may have collected ~ 700k BTC and paid out ~200k BTC over time and is left with ~500k BTC.
I don't understand why you assume that it belongs to Pirate in the first place? If it does it would mean he actually has about the required amount to pay out, and he made it with pretty much all of the money he collected just sitting there doing nothing. That makes no sense.
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labestiol
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August 25, 2012, 07:07:41 PM |
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so it seems like he ended the BCST with ~ 500k hard BTC in a wallet. Now remember he paid a shit ton of interest, always depleting principal week after week - so that means he may have collected ~ 700k BTC and paid out ~200k BTC over time and is left with ~500k BTC.
I don't understand why you assume that it belongs to Pirate in the first place? If it does it would mean he actually has about the required amount to pay out, and he made it with pretty much all of the money he collected just sitting there doing nothing. That makes no sense. +1, this wallet is most likely mtgox cold wallet
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1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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FPV Drone Pilot
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August 26, 2012, 02:14:20 AM |
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so it seems like he ended the BCST with ~ 500k hard BTC in a wallet. Now remember he paid a shit ton of interest, always depleting principal week after week - so that means he may have collected ~ 700k BTC and paid out ~200k BTC over time and is left with ~500k BTC.
I don't understand why you assume that it belongs to Pirate in the first place? If it does it would mean he actually has about the required amount to pay out, and he made it with pretty much all of the money he collected just sitting there doing nothing. That makes no sense. +1, this wallet is most likely mtgox cold wallet u know that makes a helluvalot more sense? I guess the .01337 + the binary in-wallet spam is just ppl lulzish-ly sending coins to it to spell something? if it's the Gox cold wallet why did it only start accumulating balance this year?
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imsaguy
General failure and former
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Don't send me a pm unless you gpg encrypt it.
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August 26, 2012, 02:35:30 AM |
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u know that makes a helluvalot more sense?
I guess the .01337 + the binary in-wallet spam is just ppl lulzish-ly sending coins to it to spell something? if it's the Gox cold wallet why did it only start accumulating balance this year?
The binary was coming out of the wallet if I'm not mistaken, not going in, which means its most likely not a mtgox storage wallet. If we really want to know for certain, it'd be best to just ask MagicalTux vs everyone speculating on it. There could be many reason why Gox could want to fire up a new storage address. or it could not be them at all. Let's have MTux confirm/deny.
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MrTeal
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August 26, 2012, 02:59:40 AM |
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If the big wallet is Pirate, people are in serious trouble. Hopefully it's Gox's cold storage.
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Grinder
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August 26, 2012, 06:58:08 AM |
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The binary was coming out of the wallet if I'm not mistaken, not going in, which means its most likely not a mtgox storage wallet.
The binary coins are going into the wallet. According to the thread about the address the first part decodes to "So long and thanks for all the fish", and the rest is just an ad for a web site spelled backwards.
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elux
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August 26, 2012, 11:14:20 AM |
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The binary was coming out of the wallet if I'm not mistaken, not going in, which means its most likely not a mtgox storage wallet.
The binary message was going in to the wallet. This could be verified in about a second. Are you purposefully trying to mislead people? so it seems like he ended the BCST with ~ 500k hard BTC in a wallet. Now remember he paid a shit ton of interest, always depleting principal week after week - so that means he may have collected ~ 700k BTC and paid out ~200k BTC over time and is left with ~500k BTC.
I don't understand why you assume that it belongs to Pirate in the first place? If it does it would mean he actually has about the required amount to pay out, and he made it with pretty much all of the money he collected just sitting there doing nothing. That makes no sense. +1, this wallet is most likely mtgox cold wallet u know that makes a helluvalot more sense? Either this is false or MtGox is really, really into laundering their customers money for funds reason. (For obvious reasons this is highly implausible.) Next you're gonna say: It's most likely Silk Road!
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AndrewBUD
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August 26, 2012, 12:39:03 PM |
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Pirate is Silkroad, Duh
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| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
| | | | .'M████▀▀██ ██ W█Ws'V██ ██▄▄███▀▀█ i█████m.~M████▀▀██ ███ d███████Ws'V██ ██████ ****M██████m.~███f~~__mW█ ██▀▀▀████████= Y██▀▀██W ,gm███████ g█████▄▄▄██ █A~`_WW Y█ ██!,████████ g▀▀▀███ ████▀▀`_m████i!████P W███ ██ _███▄▄▄██▀▀▀███Af`_m███ █W ███A ]███ ██ __ ~~~▀▀▀▀▄▄▄█*f_m██████ ██i!██!i███████ Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████ 8█ █▀▀█████.!██ ██████████i! █████ '█ █ █ █W M█▄▄▄██████ ██ !██ !███▄▄█ ██i'██████████ ██ Y███████████.]██████████████ █ ███████b ███ ██████ Y █ █▀▀█i!██ ████ V███ █ █W Y█████ ~~▀███▄▄▄█['███ ~~*██ | | Play | | | | │ │ ███ │ ███ │ ███ │ │ ███ ███ │ ███ ███ ███ ███ │ ███ ███ ███ ███ ███ ███ ███ ███ ███ │ │ ███ ███ │ │ │ │ │ | | Trade | | | | __▄▄████▄▄ __▄▄███████████████▄▄▄ _▄▄█████████▀▀~`,▄████████████▄▄▄ ~▀▀████▀▀~`,_▄▄███████████████▀▀▀ d█~ =▀███████████████▀▀ ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄ ,W█. *████▄▄__ ' __▄▄█████ !██P █████████████████████ W█. - ██████████████████▀ i██[ ~ ▀▀█████████▀▀▀ g███! Y███ | | Learn |
[/tabl
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labestiol
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August 26, 2012, 01:17:34 PM |
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Either this is false or MtGox is really, really into laundering their customers money for funds reason. (For obvious reasons this is highly implausible.)
What do you mean by laundering customers money ?
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1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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stick_theman
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August 26, 2012, 01:22:41 PM |
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No more updates? What's the deadline for Matthew's payout then? This is iiiincredible. I bet some folks are way too shamed to come forward on the number of bitcoins lost in this debacle.
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elux
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August 26, 2012, 01:49:26 PM Last edit: August 26, 2012, 02:18:12 PM by elux |
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Either this is false or MtGox is really, really into laundering their customers money for funds reason. (For obvious reasons this is highly implausible.)
What do you mean by laundering customers money ? As for the observed transactions, it would also make sense if it was mtgox. Someone bought a lot of coins during the drop, and cashed them out, forcing mtgox to refill the hot wallet. The best way to check (without MagicalTux confirmation) would be to correlate it to the ask side of their orderbook (supposing it represent a stable % of all btc deposits, which is not perfect, but should still be ok).
Not so. If so, Mt. Gox is laundering money: It's not Gox.
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AndrewBUD
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August 26, 2012, 01:55:09 PM |
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Please die of rectal cancer where you can watch the tumor grow firsthand.
LOL......
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| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
| | | | .'M████▀▀██ ██ W█Ws'V██ ██▄▄███▀▀█ i█████m.~M████▀▀██ ███ d███████Ws'V██ ██████ ****M██████m.~███f~~__mW█ ██▀▀▀████████= Y██▀▀██W ,gm███████ g█████▄▄▄██ █A~`_WW Y█ ██!,████████ g▀▀▀███ ████▀▀`_m████i!████P W███ ██ _███▄▄▄██▀▀▀███Af`_m███ █W ███A ]███ ██ __ ~~~▀▀▀▀▄▄▄█*f_m██████ ██i!██!i███████ Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████ 8█ █▀▀█████.!██ ██████████i! █████ '█ █ █ █W M█▄▄▄██████ ██ !██ !███▄▄█ ██i'██████████ ██ Y███████████.]██████████████ █ ███████b ███ ██████ Y █ █▀▀█i!██ ████ V███ █ █W Y█████ ~~▀███▄▄▄█['███ ~~*██ | | Play | | | | │ │ ███ │ ███ │ ███ │ │ ███ ███ │ ███ ███ ███ ███ │ ███ ███ ███ ███ ███ ███ ███ ███ ███ │ │ ███ ███ │ │ │ │ │ | | Trade | | | | __▄▄████▄▄ __▄▄███████████████▄▄▄ _▄▄█████████▀▀~`,▄████████████▄▄▄ ~▀▀████▀▀~`,_▄▄███████████████▀▀▀ d█~ =▀███████████████▀▀ ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄ ,W█. *████▄▄__ ' __▄▄█████ !██P █████████████████████ W█. - ██████████████████▀ i██[ ~ ▀▀█████████▀▀▀ g███! Y███ | | Learn |
[/tabl
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imsaguy
General failure and former
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Don't send me a pm unless you gpg encrypt it.
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August 26, 2012, 04:45:21 PM |
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The binary was coming out of the wallet if I'm not mistaken, not going in, which means its most likely not a mtgox storage wallet.
The binary message was going in to the wallet. This could be verified in about a second. Are you purposefully trying to mislead people? No, I was working off memory, I didn't have the address url handy when posting, which is why I put the disclaimer. In the very next statement I said we should ask gox, so relax, I'm after the truth like everyone else.
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elux
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August 26, 2012, 08:53:37 PM |
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A wild steamship appeared: 22:36 -!- pirateat40 is now known as steamship 22:36 <Sp0tter> a drunk crew, sails happy and true! 22:37 <ThomasV> here is mr bipolar again 22:37 <Mqrius> Ohai steamship! Long time no see 22:37 <steamship> Hello 22:37 <ThomasV> steamship: don't say hello, say 'HOW ARE YOU GENTLEMEN' 22:38 <steamship> How are you gentlemen(?) 22:38 <[\\\]> broke! 22:38 <Mqrius> IT IS YOU 22:38 <sharpfocus> good, thanks for asking 22:38 <ThomasV> nah, capitalized 22:38 <steamship> ThomasV: I don't want to get banned for screaming. 22:38 <[\\\]> imsaguy2 doesn't do actions on ops 22:38 <johan-_-> What you say! 22:38 <Sp0tter> Mqrius: reminds me of starwars.. where he says "R2D2 it is you!" 22:39 <Sp0tter> in the jaba transport thing 22:39 <ThomasV> lol. you'll be the last one to be banned from here I guess 22:39 -!- mode/#btcst [-o steamship] by ChanServ 22:39 <runlinux> oh 22:39 <[\\\]> uh oh, now he's imsaguy2 fairgame 22:39 <sharpfocus> steamship, do you 'know'? 22:39 <[\\\]> sharpfocus, do you? 22:40 <[\\\]> if you don't, he doesn't. 22:40 <steamship> sharpfocus: working on it.
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herzmeister
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August 26, 2012, 09:01:25 PM |
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This seems to be one jolly and prosperous chat channel. Does it belong to the bankruptcy assets to be liquidated?
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Ocean6
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August 26, 2012, 09:26:39 PM |
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Life is What you Make it!
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elux
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August 27, 2012, 12:16:40 AM |
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01:56 -!- steamship is now known as pirateat40 01:56 <_matthew_> Howdy pirate 01:56 <[\\\]> he's here! 01:56 -!- mode/#btcst [+o pirateat40] by ChanServ 01:56 <johnthedong> howdy man 01:56 <runlinux> good evening! 01:56 <pirateat40> Hey guys 01:56 <johnthedong> we sure missed ya 01:56 <_matthew_> Or I should say "Ahoy" 01:56 <bitfoo> hey pirate 01:56 <[\\\]> ooh 01:57 * johnthedong hears mah music 01:57 <[\\\]> the ;;seen has been updated 01:57 <Jackmaninov> sup brosauce 01:57 <runlinux> i picked the perfect time to come back! 01:57 <Ignatius-otc> I lost 1 btc, you spoke again:) 01:57 <[\\\]> we can rejoice 01:57 <Blitzboom> hail pirateat40 01:57 <Internet151> hi pirate 01:57 <Gladamas> PIRATE! 01:57 <bitfoo> you just woke up the dead :) 01:57 <Gladamas> All bow down to great pirate 01:57 * _matthew_ sorry 01:57 <_matthew_> Didn't mean to wake up the dead. 01:57 <Jackmaninov> pirateat40: what's good? what's really good? 01:58 <Gladamas> Pirateat40 you know what someone is eventually going to ask... so can you answer it? 01:58 <_matthew_> lol 01:58 <bitfoo> haha 01:58 <patrickharnett> Starfish waves to Pirate 01:58 <johnthedong> pirateat40: we're just bursting from the prospect of new news 01:58 <_matthew_> We're all holding back. 01:58 <johnthedong> spill the beans man 01:58 <_matthew_> ...our raging boners 01:58 * johnthedong swoons 01:58 <[\\\]> I'm not. 01:58 <_matthew_> Rather, boredners 01:58 -!- Blitzboom is now known as frigate 01:58 <sgravina> pirateat40: Hi from me. You made me a small amount of money a while ago. Could you do it again. 01:58 <frigate> we all need to be ships now 01:59 -!- _matthew_ is now known as tugboat 01:59 <Jackmaninov> sgravina: lol 01:59 <frigate> AHOI 01:59 <copumpkin> okay, so I propose a mass fellation 01:59 -!- jimbit is now known as yacht 01:59 -!- tugboat is now known as tug-boat 01:59 <copumpkin> who's first to suck on pirate? 01:59 -!- Forexmasterja is now known as BlackStarliner 01:59 <Jackmaninov> i bet pirate never gets tired of his fanbois :) 01:59 <copumpkin> get in line 01:59 <frigate> copumpkin: i can't hear you over the clashing of the waves 01:59 * tug-boat toooot tooooot 01:59 <Benchvark> Shhht, don't say anything, pirate. 01:59 <copumpkin> alright, frigate can go first 01:59 <[\\\]> Jackmaninov, the passive-aggressiveness does grow old. 02:00 <Chaang-Noi> morning all 02:00 <MoPac> Morning goat 02:00 <johnthedong> morning 02:00 <frigate> hello mortal 02:00 <copumpkin> <pirateat40> if you want your bitcoins, copumpkin has them all. Leave me alone and go bug him! 02:00 * tug-boat hooks himself to Pirateat40 and slowly pulls him into the chatroom 02:00 <frigate> everyone aboard the frigate 02:00 <copumpkin> fuck 02:00 <[\\\]> yay! 02:01 <tug-boat> copumpkin: Wheredeyat? 02:01 * johnthedong boards the frigate. 02:01 <Chaang-Noi> lol copumpkin 02:01 <copumpkin> I'm about to buy the largest bag of weed you've ever seen 02:01 <Gladamas> copumpkin: Gimme gimme gimme 02:01 <copumpkin> on SR 02:01 <johnthedong> frigate bring meh to pirate! 02:01 <frigate> we are about to sail for pirate island 02:01 <Chaang-Noi> i wanta get sooooo high! 02:01 <frigate> with loads of rum and bitcoins 02:01 <copumpkin> and a gallon of acid 02:01 <copumpkin> A GALLON OF ACID 02:01 <timesign> yo ho ho 02:01 <copumpkin> that shit is expensive 02:01 <scottjp> lets just have a holiday! 02:01 <johnthedong> copumpkin: you mean the actual acid or the expensive variant 02:01 <johnthedong> lol 02:02 <Jackmaninov> scottjp: debt jubilee! 02:02 <copumpkin> LSD 02:02 <scottjp> :D 02:02 <johnthedong> lol 02:02 <BTCHero> [[/[. 02:02 <johnthedong> that's the expensive variant. 02:02 <sgravina> With the vinegar in mayonnaise over the course of a few months you could consume a gallon of acid. 02:02 <copumpkin> just a tad 02:02 -!- frigate is now known as submarine 02:03 <pirateat40> I'd just like to say, I never expected all this madness when I shutdown BS&T. It's been a lot more work than I could have even thought and I simply messed up. In hindsight, I shouldn't have stopped things so suddenly. Although it was nice to finally get some sleep, things have been spiraling out of control this week and pushing my personal deadlines. 02:04 <sgravina> The normal human stomach makes about a gallon of Hydrochloric Acid each day. 02:04 -!- submarine is now known as Blitzboom 02:04 -!- mode/#btcst [+o copumpkin] by ChanServ 02:04 -!- mode/#btcst [+m ] by copumpkin 02:04 -!- mode/#btcst [-o copumpkin] by copumpkin 02:05 -!- mode/#btcst [+z ] by [\\\] 02:05 -!- mode/#btcst [+o copumpkin] by ChanServ 02:05 <[\\\]> only ops can see non-voiced messages 02:06 <pirateat40> At this point and in an attempt to stop the bleeding (interest) I'm going to be forced to payout everyone at once, which I'm sure will piss off enough people to counter the lack of payouts but I don't see any other way of handling this. 02:06 -!- mode/#btcst [-z ] by [\\\] 02:06 <[\\\]> that was a mistake 02:06 -!- yacht is now known as jimbit 02:06 -!- tug-boat is now known as _matthew_ 02:07 -!- BlackStarliner is now known as couldntyoujustta 02:07 -!- couldntyoujustta is now known as VeryInterestign 02:08 -!- VeryInterestign was kicked from #btcst by [\\\] [STOP] 02:08 -!- mode/#btcst [+b *!*RastaAssa@108.171.122.220] by midnightmagic 02:09 <Keefe> pirateat40: "payout everyone at once" = wait until you have all the coins available at once, instead of paying out slowly as you can? 02:09 <pirateat40> My concern is not "winning" the bet as much as it is "donating" the winnings. With the events of this week causing delays, 5K worth of coins is a piece of sand compared to the amount of money I'm losing every hour. 02:11 <[\\\]> Pirate: two questions posed to me.. 02:11 <[\\\]> 1) New Timeline? 02:11 <[\\\]> 2) Perhaps clear the PPTs first? 02:13 <Keefe> pirateat40: ""donating" the winnings" refers to deciding who you will give 5k btc to when nanotube decides in your favor? 02:13 <pirateat40> I'm doing everything in my power within the contracts of the "Real World" to get things moving as fast as possible. If, I end up losing the bets and spending everything I worked for to make things right I will. I will not be giving any additional times or dates until I know exactly when things will happen. 02:14 <copumpkin> another question: how screwed is _matthew_? :) 02:15 -!- copumpkin was kicked from #btcst by copumpkin [bad] 02:15 -!- mode/#btcst [+v copumpkin] by [\\\] 02:17 <pirateat40> I know you guys want updates and communication, but I'm somewhat muted by the personal attacks and legalities of whats going on. There is a lot more to this story than just "Send me back my coins." If I had all the coins just sitting around I would've has this wrapped up a long time ago.
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BIGMERVE
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August 27, 2012, 01:30:20 AM |
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I almost feel bad for Pirate. There is so much pressure he must be facing right now. Unless he's already run with the money. In that case life must be great.
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bitcoiners
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August 27, 2012, 01:32:26 AM |
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I almost feel bad for Pirate. There is so much pressure he must be facing right now. Unless he's already run with the money. In that case life must be great.
Lol, oh yeah, Pirate's the victim here.
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