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Author Topic: Buying Pirate Debt at 1-2%  (Read 2345 times)
BinaryMage
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September 16, 2012, 06:25:59 PM
 #1

Title is pretty self-explanatory. Any amount considered. PM me or reply with offers.

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danieldaniel
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September 16, 2012, 08:39:27 PM
 #2

Why are you buying it at all?  Does anyone even think he's paying back anymore?

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September 16, 2012, 09:14:05 PM
 #3

Ahhh, but if pirate was to collect all of his own debt, he can declare that he has not defaulted at all!!

                  ▄▄▄▄▄▀▀▀▀▄▄▄
              ▄▄█∞══$&P▀▀▀▀▀▀▀▀█▀▀▀▄▄▄
           ▄██⌐^"'               "═▄═,▀▀▄
       ▄▀▄█▀                        `ⁿ▀▄\▀▄
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                    ▀▀▀▀▀▀▀▀▀▀▀▀▀
STACK









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k3t3r
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September 16, 2012, 09:16:59 PM
 #4

aha! could be a cunning plan to get other people buying pirate debt!
BinaryMage
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September 17, 2012, 12:08:31 AM
 #5

Why are you buying it at all?  Does anyone even think he's paying back anymore?

I have my reasons.

Ahhh, but if pirate was to collect all of his own debt, he can declare that he has not defaulted at all!!

Clearly, I must be Pirate.

aha! could be a cunning plan to get other people buying pirate debt!

If you discerned it this easily, it wasn't all that cunning, now was it?


For anyone not interested in speculating on my motivation, my offer still stands. Otherwise, let the speculation continue — it's quite entertaining.

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the_thing
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September 17, 2012, 10:54:09 AM
 #6

Hi, Trendon!

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September 17, 2012, 11:21:41 AM
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lol at the n00bs thinking you are pirate Smiley
We all know you are pirate.

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September 17, 2012, 12:40:54 PM
 #8

lol at the n00bs thinking you are pirate Smiley
We all know you are pirate.

Date Registered:    August 19, 2012, 08:20:54 PM
Cheesy
omg what if I'm pirate!  D:

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September 17, 2012, 12:53:06 PM
 #9

Buying pirate debt 2.00001% PM me Tongue

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the_thing
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September 17, 2012, 02:32:49 PM
 #10

lol at the n00bs thinking you are pirate Smiley
We all know you are pirate.

Date Registered:    August 19, 2012, 08:20:54 PM
I am pirate!
(I am Spartacus!)

WorldOfBitcoin
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September 18, 2012, 07:06:25 AM
 #11

Id like to buy a small amount pirate debt. Of a non sueing account. Pm me
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September 18, 2012, 08:03:36 AM
 #12

Anyone selling his pirate debt should negotiate a non trivial % of the debt will be returned to him if indeed pirate "pays out".
Im putting that between quotes as I suspect pirate may be purchasing his own debt via proxies for a few % of its original value, so that he would be able to repay himself "in full".
the_thing
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September 18, 2012, 10:15:57 AM
 #13

pirate may be purchasing his own debt via proxies for a few % of its original value, so that he would be able to repay himself "in full".
That would be an ingenious move!
Hope it's true.

BinaryMage
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September 18, 2012, 04:10:53 PM
 #14

Anyone selling his pirate debt should negotiate a non trivial % of the debt will be returned to him if indeed pirate "pays out".
Im putting that between quotes as I suspect pirate may be purchasing his own debt via proxies for a few % of its original value, so that he would be able to repay himself "in full".

I would be willing to consider this, if you are so worried. Do note that my account was registered a month and a half before Pirate's. Pirate may be intelligent, but somehow I doubt he created proxy accounts before he himself registered and many months before BS&T even started.

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September 18, 2012, 04:57:52 PM
 #15

Im not saying you are pirate. You might sell it back to Pirate or his proxy or agreed to settle for something higher than 2% but far below 100%. It all amounts to the same. As you said "I have my reasons", this could be one.
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September 18, 2012, 05:05:23 PM
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I'm not sure I understand how anyone buying up Pirate deposit accounts are supposed to be able to verify that they actually exist.
BinaryMage
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September 18, 2012, 07:08:50 PM
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Im not saying you are pirate. You might sell it back to Pirate or his proxy or agreed to settle for something higher than 2% but far below 100%. It all amounts to the same. As you said "I have my reasons", this could be one.

Fair enough. I said "I have my reasons" because I wanted to avoid another repetitive Pirate debate, but I cannot disprove your theory.

Admittedly, if any Pirate proxy was settling with people, I think we'd notice it, both on the forums and in the GLBSE PPT bond prices. Many investors would be perfectly willing to settle for less than 100% at this point.

I'm not sure I understand how anyone buying up Pirate deposit accounts are supposed to be able to verify that they actually exist.

I would probably request some rudimentary form of proof, e.g. a screenshot. Not hard to forge, but probably not worth the effort.

And yes, as Goat said quite kindly, trust. At some point, it all boils down to that.

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yochdog
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September 18, 2012, 07:11:19 PM
 #18

I would go 5-10%......but not 1-2.

If that interests you at all, let me know!

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September 18, 2012, 07:25:47 PM
 #19

I would probably request some rudimentary form of proof, e.g. a screenshot. Not hard to forge, but probably not worth the effort.

Say we have an account with 400 bitcoins. 1-2% is 4-8btcs. That's $48-$96 in today's prices (let's say it's $12/btc). Pretty much worth the effort if you ask me.

BinaryMage
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September 18, 2012, 11:29:28 PM
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I would probably request some rudimentary form of proof, e.g. a screenshot. Not hard to forge, but probably not worth the effort.

Say we have an account with 400 bitcoins. 1-2% is 4-8btcs. That's $48-$96 in today's prices (let's say it's $12/btc). Pretty much worth the effort if you ask me.

But you could instead sell a fake videocard for 30 bitcoins instead? Same effort, more return. In either case, I wouldn't buy from anyone with no reputation at all. Yes, there's always a risk. It's just a matter of determining when it is sufficiently minimal.

I would go 5-10%......but not 1-2.

If that interests you at all, let me know!

Not at this time, but thanks for the offer, and I will let you know if things change.

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