HASHKING'S PPT ACCOUNTS IMPORTANT NOTICE (PLEASE DON'T DISREGARD)

[hashking]

Sorry about double posting this here but I need to have this done by Friday 8/31/12/.

If you have a pending PPT account with me please take a screenshot of your account and send me an email at hashking1@gmail.com.  I also need your forum name and withdrawal address you entered in order to verify its your account.  This must come from the email that is registered on the website

[Shadow383]

Sorry about double posting this here but I need to have this done by Friday 8/31/12/.

If you have a pending PPT account with me please take a screenshot of your account and send me an email at hashking1@gmail.com.  I also need your forum name and withdrawal address you entered in order to verify its your account.  This must come from the email that is registered on the website

Aren't you concerned that something seems a bit... off... with pirate asking for all this info?

[JoelKatz]

Sorry about double posting this here but I need to have this done by Friday 8/31/12/.

If you have a pending PPT account with me please take a screenshot of your account and send me an email at hashking1@gmail.com.  I also need your forum name and withdrawal address you entered in order to verify its your account.  This must come from the email that is registered on the website

What happens if people do not do this? What are you going to do with the information?

[BlackBison]

hashking I suggest you have a quick chat with a lawyer before you hand this over

[JoelKatz]

hashking I suggest you have a quick chat with a lawyer before you hand this over

I would consider handing that information over breaching your agreement with your depositors. Payments on that debt from Pirate are supposed to be shared by all depositors. Handing that information over to Pirate would allow Pirate to make direct payments to your depositors, cheating the other depositors out of their share of those payments.

[Micon]

Please, no one give Pirateat40 userlists.  This is a common technique so he can roll them again in the future.  They are pre-qualified for an "I can help you get Pirate just pay me monies" scam

[Bitcoin Oz]

Sorry about double posting this here but I need to have this done by Friday 8/31/12/.

If you have a pending PPT account with me please take a screenshot of your account and send me an email at hashking1@gmail.com.  I also need your forum name and withdrawal address you entered in order to verify its your account.  This must come from the email that is registered on the website

This is crossing the line and unethical. Do not hand over your users details to pirateat40.

[SimBesh]

how about the people who choose to, do, and those who don't want to, don't

[JoelKatz]

how about the people who choose to, do, and those who don't want to, don't

That doesn't work. It breaches the pooling agreement. Say you turn over your details and I don't. That enables Pirate to make a private payment to you, defrauding me out of the share of that payment that I was entitled to under the pooling agreement. (Remember, the original agreement was that payments on all of the debt would be made according to the rules of the pool.) If a pass through operator facilitates this, he's breached the agreement.

Perhaps operators can find some way to ensure this doesn't happen. But until they do, I don't think they can pass anyone's information on to Pirate.

[ribuck]

Don't do it, hashking! It may be a trap. As PPT operator, you might have a legal claim against pirate's assets, but your passthrough holders certainly don't. If pirate is declaring bankruptcy, you may be throwing away a chance to get a share of what's left.

It may serve the interests of your asset-holders better for you to submit one overall claim. If some of your asset-holders prefer to submit individual claims, you should submit a consolidated claim for the remaining funds.

[JoelKatz]

Don't do it, hashking! It may be a trap. As PPT operator, you might have a legal claim against pirate's assets, but your passthrough holders certainly don't. If pirate is declaring bankruptcy, you may be throwing away a chance to get a share of what's left.

That's far from clear. If they're intended third party beneficiaries, then they have a claim against Pirate. This makes legal sense because the arrangement between the PPT operator and his investors doesn't give the PPT operator any incentive to pursue Pirate (because he just has to pass on any money he collects, and it's not even clear if he can deduct things like legal fees). This is a case where equity would require the holders to be able to enforce their indirect debt. (See my other post with the example about the guy who buys a car for his daughter.)

[DeathAndTaxes]

[hashking]

The deadline for submitting the PPT information requested will be Thursday 10pm CDT.  Thanks.

[JoelKatz]

The deadline for submitting the PPT information requested will be Thursday 10pm CDT.  Thanks.

Umm, what happens if you miss the deadline?

[DutchBrat]

how about the people who choose to, do, and those who don't want to, don't

That doesn't work. It breaches the pooling agreement. Say you turn over your details and I don't. That enables Pirate to make a private payment to you, defrauding me out of the share of that payment that I was entitled to under the pooling agreement. (Remember, the original agreement was that payments on all of the debt would be made according to the rules of the pool.) If a pass through operator facilitates this, he's breached the agreement.

Perhaps operators can find some way to ensure this doesn't happen. But until they do, I don't think they can pass anyone's information on to Pirate.

What if Pirate has one-sidedly decided to NOT pay any PPTs

Then under the pooling agreement you are entitled to nothing so no-one is defrauded if Hashking gives out some ones info

To be clear, I have no BTC in Hashkin's passthrough, but I do have BTC with BitcoinMax and we have the same problem there

[evolve]

Lawyer up, dude.

[thebaron]

Pirate has no business knowing the information of your depositors.

[HDSolar]

The deadline for submitting the PPT information requested will be Thursday 10pm CDT.  Thanks.

Umm, what happens if you miss the deadline?

Yes, like by 20 minutes??

[hashking]

Information sent.  Thanks everyone.

[Turbor]

Information sent.  Thanks everyone.

Coward