P

[tbcoin]

Why people still buying TYGRR.BOND-P??? Already have more capilal than GIGAMINING.
Should not freeze this?

[organofcorti]

Why people still buying TYGRR.BOND-P??? Already have more capilal than GIGAMINING.
Should not freeze this?

TYGRR.BOND-P is a pirate pass through, not a mining bond.

[tbcoin]

Why people still buying TYGRR.BOND-P??? Already have more capilal than GIGAMINING.
Should not freeze this?

TYGRR.BOND-P is a pirate pass through, not a mining bond.

¿?
I did not say otherwise ... BTCST is closed, TYGRR.BOND-P is worthless.

[Rockefoten]

Why people still buying TYGRR.BOND-P??? Already have more capilal than GIGAMINING.
Should not freeze this?

TYGRR.BOND-P is a pirate pass through, not a mining bond.

¿?
I did not say otherwise ... BTCST is closed, TYGRR.BOND-P is worthless.

If pirate pays depositors back, bonds are worth 1 btc. Buyers are hoping to profit from this by buying at lower than 1.

[tbcoin]

Why people still buying TYGRR.BOND-P??? Already have more capilal than GIGAMINING.
Should not freeze this?

TYGRR.BOND-P is a pirate pass through, not a mining bond.

¿?
I did not say otherwise ... BTCST is closed, TYGRR.BOND-P is worthless.

If pirate pays depositors back, bonds are worth 1 btc. Buyers are hoping to profit from this by buying at lower than 1.

In the contract does not say that anywhere, all the benefits of the new purchases are not deposited in BTCST, nor will generate no interest if Chaang Noi repurchase at 1btc he would lose money.

This is a pass through bond to BTCST.

This bond will pay 5% weekly.

The rate will adjust if BTCST adjust their rates.

This bond is in no way insured. The money gained from the selling of these bonds will go to BTCST. This bond is not guaranteed but will be honored at best effort.

Payments will be made on Tuesday around 4 to 6 PM Thailand time.

The bond will not be bought back unless BTCST refunds the deposit.

Thank you.

[herzmeister]

The pass through bonds are now essentially bets if pirate will pay back or not... it's a pretty equilibrium, interesting...

[piotr_n]

In the contract does not say that anywhere, all the benefits of the new purchases are not deposited in BTCST, nor will generate no interest if Chaang Noi repurchase at 1btc he would lose money.

What you see being traded are just bonds which already are deposited in BTCST.
They are just changing owners - some people obviously dont want to wait for BTCST and then the PPT to close down next week.

[Rockefoten]

In the contract does not say that anywhere, all the benefits of the new purchases are not deposited in BTCST, nor will generate no interest if Chaang Noi repurchase at 1btc he would lose money.

What you see being traded are just bonds which already are deposited in BTCST.
They are just changing owners - some people obviously dont want to wait for BTCST and then the PPT to close down next week.

If Pirate pays everyone back and bonds are bought back at 1 there is a huge profit to be made on these bonds atm.
Of course, if Pirate runs away there is a huge amount to be lost on these bonds atm.

With trades around 0.7 at the moment, I'd say no one out there is entirely convinced Pirate will pay everyone back.

[tbcoin]

In the contract does not say that anywhere, all the benefits of the new purchases are not deposited in BTCST, nor will generate no interest if Chaang Noi repurchase at 1btc he would lose money.

What you see being traded are just bonds which already are deposited in BTCST.
They are just changing owners - some people obviously dont want to wait for BTCST and then the PPT to close down next week.

Makes sense ...
Then to invest in extra high risk!!!

[Bitcoin Oz]

The pass through bonds are now essentially bets if pirate will pay back or not... it's a pretty equilibrium, interesting...

If pirate knows hes going to pay back he should buy every single bond out there for massive profits 

[piotr_n]

The pass through bonds are now essentially bets if pirate will pay back or not... it's a pretty equilibrium, interesting...

If pirate knows hes going to pay back he should buy every single bond out there for massive profits 

He doesn't have GLBSE account

[Mousepotato]

The pass through bonds are now essentially bets if pirate will pay back or not... it's a pretty equilibrium, interesting...

If pirate knows hes going to pay back he should buy every single bond out there for massive profits 

There's around 1500 shares of BOND-P with an ask price of below 1.00 and they have an average price of ~.95 BTC.  So he could make a profit of about .05 BTC per share, minus fees, or about 73 BTC.  Not even worth his time, IMHO.

[piotr_n]

I don't know why everybody says that the bonds will be worth 1.0 next Tuesday

According to my knowledge, if Pirate keeps the promise, each bond is worth at least 1.068 BTC on Tuesday.
Pirate said that he is still paying the 7% interests - so why are you talking about 1.0?

People have waited one week, their money was (and still is) exposed at BS&T default - they earned the weekly dividends and there is no reason why they should give them to Goat.
He earns anyway 0.02 BTC from every bond he issued, plus almost 3% from all the interests the bonds pay - and all this has been risk free for him.

So mind your business people, because for me talking about 1.0 today is like shouting out: "Goat, we love you, please screw us more by taking the last 1900+ BTC of interest entirely for youself!"

And there are currently 5917 asks at 1.066 BTC or less - so Pirat could actually get some risk free money on it, if he only wasn't so reluctant to open a GLBSE account

[unclescrooge]

The pass through bonds are now essentially bets if pirate will pay back or not... it's a pretty equilibrium, interesting...

Yes, can be some last chances high profit

[Rockefoten]

I don't know why everybody says that the bonds will be worth 1.0 next Tuesday

According to my knowledge, if Pirate keeps the promise, each bond is worth at least 1.068 BTC on Tuesday.
Pirate said that he is still paying the 7% interests - so why are you talking about 1.0?

People have waited one week, their money was (and still is) exposed at BS&T default - they earned the weekly dividends and there is no reason why they should give them to Goat.
He earns anyway 0.02 BTC from every bond he issued, plus almost 3% from all the interests the bonds pay - and all this has been risk free for him.

So mind your business people, because for me talking about 1.0 today is like shouting out: "Goat, we love you, please screw us more by taking the last 1900+ BTC of interest entirely for youself!"

I agree, 1 btc was a bit inaccurate. Though I have to admit, I'm more concerned about whether he'll pay out anything at all than whether he'll pay divs for this last week. :-)

[Mousepotato]

Goat, can you keep us updated on the status of the Pirate payouts?  Thanks

[szuetam]

I would like to join to that request.

[Mousepotato]

Hi Goat,

Pirate has said that he will pay out the old 7% rate for the final payout (https://bitcointalk.org/index.php?topic=101339.0 line [2012-08-17 16:24:27]).  Will you be passing this on to your pass-through accounts?  Thanks!

[REF]

Hi Goat,

Pirate has said that he will pay out the old 7% rate for the final payout (https://bitcointalk.org/index.php?topic=101339.0 line [2012-08-17 16:24:27]).  Will you be passing this on to your pass-through accounts?  Thanks!

Yeah, I would guess I would buy back at 1.068 for the last time if he pays out the interest. Seems fair.

thanks for the info and buying back at 1.068 when the time comes.

[SaintFlow]

At the moment I really feel like a person with Asbergers.
 
I just cannot tell anymore who is sarcastic and who isn't.