misterbigg (OP)
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Activity: 1064
Merit: 1001
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September 18, 2012, 04:56:37 AM |
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I wandered into #btcst and it seems people are still clinging to the illusion that Pirate will pay?
Will pirate pay? Let's speculate.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 18, 2012, 05:10:03 AM |
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 I KNOW HE WILL PAY AND I WILL BET 21,000,000BTC
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dust
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September 18, 2012, 05:14:16 AM |
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Everyone who believes in him must be out of money because the market still only values pirate debt at 5% face value.
... Which is probably too high.
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greyhawk
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September 18, 2012, 07:53:21 AM |
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Oh boy. Pirate is going to pay and MNW will win his bet. This is going to be awkward.
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Puppet
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Activity: 980
Merit: 1040
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September 18, 2012, 07:58:45 AM |
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Its not impossible, but only if he manages to buy up most of his debt through sock puppets at a few cents on the dollar, and then "repays" himself in full.
Anyone selling Pirate debt should make a contract with the buyer that if pirate pays out, they are entitled to (say) 33% of the amount.
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greyhawk
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September 18, 2012, 08:06:45 AM |
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Oh boy. Pirate is going to pay and MNW will win his bet. This is going to be awkward.
time machines seem to make things awkward. Linear time is sorely overrated. |
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zby
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Activity: 1592
Merit: 1001
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September 18, 2012, 09:20:14 AM |
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Its not impossible, but only if he manages to buy up most of his debt through sock puppets at a few cents on the dollar, and then "repays" himself in full.
Maybe that was his plan from the beginning? |
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SysRun
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September 18, 2012, 01:19:20 PM |
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Perhaps he's dependent on gpumax revenue to buy up cheap debt.
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hannesnaude
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Activity: 169
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Firstbits : 1Hannes
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September 18, 2012, 01:53:06 PM |
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Anyone selling Pirate debt should make a contract with the buyer that if pirate pays out, they are entitled to (say) 33% of the amount.
Or (in the case of tradeable instruments) just retain 33% of the debt instead of selling it all. Removes some trust issues. But if pirate really was trying to buy back his own debt, then his recent announcement that gave many renewed hope was a bad move. I don't think there are any clever maneuvers to regain respectability in the pipeline. The gameplan was apparently simple 1) Take money 2) Run Except that it now appears that step 2 is optional, since apparently none of his "investors" have the balls to do anything about it. The same people who claim to have lost 10k+ coins, and in the very recent past traveled vast distances to have dinner with him in Vegas, can now not be bothered to go knock on his door and ask him what's up, even if only to confirm that he lives where they think he lives.  |
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jl2012
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Activity: 1792
Merit: 1092
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September 18, 2012, 04:21:13 PM |
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Its not impossible, but only if he manages to buy up most of his debt through sock puppets at a few cents on the dollar, and then "repays" himself in full.
Anyone selling Pirate debt should make a contract with the buyer that if pirate pays out, they are entitled to (say) 33% of the amount.
In that case, the buyer will only pay 67% Why not simply sell only 67% of the debt? That's just equivalent |
Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC)
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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Haplo
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September 18, 2012, 06:32:03 PM |
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Apparently you haven't heard. On October, 12, 2012, the Mayan god Quetzlcoatl is going to return to earth and defeat the Norse god Thor, thereby returning the Frost Giants to their rightful place as the rulers of Earth. Anyone still worshipping Thor will be fed to the giant turtles which hold up the Earth, to be recycled as turtle shit for the rest of eternity. Also, if you sacrifice your first born child to Quetzlcoatl now, you'll get 100 virgins delivered to your door by the Frost Giants as a token of their gratitude. Those who wait patiently for the second coming will be well rewarded! Mark my words!
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I'm So Meta, Even This Acronym
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Puppet
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Merit: 1040
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September 18, 2012, 09:13:23 PM |
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Its not impossible, but only if he manages to buy up most of his debt through sock puppets at a few cents on the dollar, and then "repays" himself in full.
Anyone selling Pirate debt should make a contract with the buyer that if pirate pays out, they are entitled to (say) 33% of the amount.
In that case, the buyer will only pay 67% Why not simply sell only 67% of the debt? That's just equivalent Yeah obviously its same thing, but Im not sure you can transfer 67% of a locked account. |
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AndrewBUD
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September 18, 2012, 11:53:00 PM |
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I thought anonx was pirate buying his debt back @ 1%
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Phinnaeus Gage
Legendary
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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September 19, 2012, 12:57:48 AM |
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Apparently you haven't heard. On October, 12, 2012, the Mayan god Quetzlcoatl is going to return to earth and defeat the Norse god Thor, thereby returning the Frost Giants to their rightful place as the rulers of Earth. Anyone still worshipping Thor will be fed to the giant turtles which hold up the Earth, to be recycled as turtle shit for the rest of eternity. Also, if you sacrifice your first born child to Quetzlcoatl now, you'll get 100 virgins delivered to your door by the Frost Giants as a token of their gratitude. Those who wait patiently for the second coming will be well rewarded! Mark my words!
Atlas Shrugged Part II Trailer! Release Date October 12, 2012Upon viewing the trailer, I can't help but muse if the last part of the trilogy will be about Bitcoin. Her: Satoshi Nakamoto. Is he even a man?
Him: Or an idea. |
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Haplo
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September 19, 2012, 02:04:02 AM |
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I'm So Meta, Even This Acronym
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sgravina
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September 19, 2012, 02:45:00 AM |
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There never was a pirateat40. People just believed what they wanted to believe.
There are no missing bitcoins. There never were any bitcoins.
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bitcon
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Activity: 2212
Merit: 1008
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September 19, 2012, 03:14:53 AM |
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so are you saying no one did anything wrong?
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sgravina
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September 19, 2012, 12:01:46 PM |
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There never was a pirateat40. People just believed what they wanted to believe.
There are no missing bitcoins. There never were any bitcoins.
If you deny this your meta physics are lacking You don't really mean that. |
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