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Author Topic: 7-day auction: 1784.38 BTC in Shakaru debt  (Read 5411 times)
payb.tc
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April 01, 2012, 02:19:21 AM
 #1

hi all, i'm finished with this.

my 1784.38 BTC debt obligation will go to the highest bidder in exactly 7 days.

relevant thread:

https://bitcointalk.org/index.php?topic=65989.0

spreadsheet:

https://docs.google.com/spreadsheet/ccc?key=0AnzolfvAaL97dGlQZjZmcFMwTzlmbWJNUHdyZnM4M2c#gid=3

auction ends: 2012-APR-08 02:19:00 UTC
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silverbox
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April 01, 2012, 02:21:19 AM
 #2

1 BTC!!!
payb.tc
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April 01, 2012, 02:28:29 AM
 #3

1 BTC!!!

thank you for your bid.

i should mention that this debt represents approx 39% of the total (i.e. you get about 39% of any funds sent to the repayment address).
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April 01, 2012, 02:35:48 AM
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5 BTC
payb.tc
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April 01, 2012, 02:37:27 AM
 #5

5 BTC

thank you (i was going to quote everyone's bids but then i realised you can't edit posts in this thread anyway Smiley)
Jake
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April 01, 2012, 02:52:46 AM
 #6

6BTC. So do you mean we would recieve 39% of the total BTC?

payb.tc
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April 01, 2012, 02:59:07 AM
 #7

6BTC. So do you mean we would recieve 39% of the total BTC?

thank you.

it means whenever some 'shades/minico' (shakaru) debt is repaid, you'll get about 39% of that repayment distributed to you.

the reason this debt is 1784.38 and not 1800 btc, is because i had 15.62 distributed to me after 40.01 btc was repaid by Shakaru to the repayment address (an address under the control of a 3rd party - imsaguy).

so for example, whenever 100 btc of the debt is repaid, you'd get about 39 btc of that coming to you.
muasktak10
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April 01, 2012, 04:01:08 AM
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why doesn't he just declare bankruptcy I read through that whole thread, and seems like that is what bankruptcy is for, he is suffering physically because of a bad business move.

14PqXrCphtMpASwpeFVusH3VtMv6vHX4sD
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April 01, 2012, 06:32:23 AM
 #9

6BTC. So do you mean we would recieve 39% of the total BTC?

thank you.

it means whenever some 'shades/minico' (shakaru) debt is repaid, you'll get about 39% of that repayment distributed to you.

the reason this debt is 1784.38 and not 1800 btc, is because i had 15.62 distributed to me after 40.01 btc was repaid by Shakaru to the repayment address (an address under the control of a 3rd party - imsaguy).

so for example, whenever 100 btc of the debt is repaid, you'd get about 39 btc of that coming to you.


Thanks for getting back to me. Awesome, sounds great. Let me know if I am outbidded please.

El Cabron
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April 01, 2012, 08:23:45 AM
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following :/

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
payb.tc
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April 01, 2012, 08:34:02 AM
 #11

Let me know if I am outbidded please.

perhaps you can subscribe to the thread, so that you get email notifications.
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April 01, 2012, 01:30:22 PM
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17.8438 BTC

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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April 01, 2012, 01:33:08 PM
 #13

25 BTC.
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April 01, 2012, 01:35:10 PM
 #14

why doesn't he just declare bankruptcy I read through that whole thread, and seems like that is what bankruptcy is for, he is suffering physically because of a bad business move.

What's the bad business move he made? How can someone possibly lend 4000 BTC and lose not part of it, but all? =/

**disclosure: I am completely clueless on what happened**

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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April 01, 2012, 02:40:14 PM
 #15

30 BTC

reeses
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Assholier-than-thou retard magnet


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April 01, 2012, 03:42:39 PM
 #16

Not knowing all the terms of the pooled repayment system that imsaguy worked out with creditors, what leverage is there in terms of collections?

By this I mean purely legal means, not illegal harassment.
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April 01, 2012, 04:01:38 PM
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Not knowing all the terms of the pooled repayment system that imsaguy worked out with creditors, what leverage is there in terms of collections?

By this I mean purely legal means, not illegal harassment.

As with anything BTC related absolutely nothing guarantees it he can walk away from his obligations any time he wants.
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April 01, 2012, 04:21:11 PM
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why doesn't he just declare bankruptcy I read through that whole thread, and seems like that is what bankruptcy is for, he is suffering physically because of a bad business move.

What's the bad business move he made? How can someone possibly lend 4000 BTC and lose not part of it, but all? =/

**disclosure: I am completely clueless on what happened**

One day, you go out for drinks and take a bit money to pay for it, telling yourself you'll put pay it back tomorrow.  Another day, you get evicted, so you take another few thousand BTC out, again telling yourself you'll put it back later.  You can't cover it with your own money, so you ask for more loans, and more loans, do more deals, more businesses, etc.
I doubt skakaru ever went into this planning on losing all the money or scamming people in any way.

S² Capital Management | #bitcoin-otc ratings | 1M5j2g4iz4mSwkngrYkqtcmKNGmyDAQzk2
DILLIGAF
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April 01, 2012, 05:11:39 PM
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I doubt skakaru ever went into this planning on losing all the money or scamming people in any way.

Well they do say the road to hell is paved with good intentions.
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April 01, 2012, 05:59:37 PM
 #20

It would be one of the greatest heists in the bitcoin community if shakaru ends up winning this auction below his original debt Tongue

...In the land of the stale, the man with one share is king... >> Clipse

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