P

[Shadow383]

The number is rising. Yep. But your interpretation of the contract is merely a technicality; everyone knows that a better wording might have been "each bond represents 1 BTC of BS&T debt" or whatever. Goat can sell up to 40K and still be able to pay back when pirate does.

Merely a technicality - of course
I'm dying to see if any court would share your opinion.
If pirate does pay out anyone except Goat - oh, it'd just be be such a great show to watch...

I don't think that's a scenario we'll have to worry about in the first place.

Pirate at least still promises to pay back all the deposits, together with up to date 7%/week interest.

Oh well that's okay then.

[Tomatocage]

So I wonder how is he going to calculate the final dividends anyway, since the last ones were 3 seeks ago, to 27k bonds, and since then he sold 10+k more bonds...
Don't you wonder it as well?

I don't wonder at all.  Anything multiplied by 0 is still 0.  Pirate isn't paying back dick.

Sorry - I don't believe in prophets and even if I did, you wouldn't be a one.

Well, I hope you're right for the sake of people who invested with Pirate.

[MrTeal]

Pirate at least still promises to pay back all the deposits, together with up to date 7%/week interest.
And what does Goat promise?
Nothing!
Goat states that Pirate is an evil person, but it doesn't stop him from selling counterfeited bonds, supposedly backed by a BS&T deposit and it's 7%/week interest...

So I wonder how is he going to calculate the final dividends anyway, since the last ones were paid 3 weeks ago, to 27k bonds, and since then he sold 10+k more bonds...
Don't you wonder it as well?
I mean, my BS&T account still gets weekly interests every week - so the bonds you're holding should get theirs as well...
So I wonder where is he going to take the 3+ weeks compounded interests from, for the extra 10+k bonds that he dumped onto the market for pennies, without even depositing those into BS&T.
He obviously must have a better business than Pirate itself, if he can afford to make such kind of commitments 

That's pretty awesome. Have you bought anything cool with the interest you've taken out in the last few weeks?

[piotr_n]

That's pretty awesome. Have you bought anything cool with the interest you've taken out in the last few weeks?

yes, i compunded it back.  turning into an even bigger deposit.
isnt that cool?

[Nefario]

That's pretty awesome. Have you bought anything cool with the interest you've taken out in the last few weeks?

yes, i compunded it back.  turning into an even bigger deposit.
isnt that cool?

It's really strange, you're a smart kid, like you understand the concepts of cryptography really well, you can do some nifty Chrome plugins etc. and yet you think this, I don't understand, is it like a mental blind spot for you?

This is public knowledge. There was massive drama about my not giving Nefario my ID cuz he said he was going to give it to the police.

I think you miss-remembered or miss-interpreted something I had said, it's never been my position to give any ID to anyone outside GLBSE and I've said as much. We've gone to great lengths to make it difficult to impossible for law enforcement to make us do so through the use of cryptography.

Also GLBSE will only have to follow AML rules if we're required to register as a financial institution, which would also mean that other regulations apply. All we need comply with is the 1998 data protection act which prevents us giving out our users information.

[El Cabron]

That's pretty awesome. Have you bought anything cool with the interest you've taken out in the last few weeks?

yes, i compunded it back.  turning into an even bigger deposit.
isnt that cool?

It's really strange, you're a smart kid, like you understand the concepts of cryptography really well, you can do some nifty Chrome plugins etc. and yet you think this, I don't understand, is it like a mental blind spot for you?

This is public knowledge. There was massive drama about my not giving Nefario my ID cuz he said he was going to give it to the police.

I think you miss-remembered or miss-interpreted something I had said, it's never been my position to give any ID to anyone outside GLBSE and I've said as much. We've gone to great lengths to make it difficult to impossible for law enforcement to make us do so through the use of cryptography.

Also GLBSE will only have to follow AML rules if we're required to register as a financial institution, which would also mean that other regulations apply. All we need comply with is the 1998 data protection act which prevents us giving out our users information.

You said at the time you would make my personal info public if you thought I was a scammer. This was when you were trying to shut down my BTCST account because you thought I was a scammer. It's all public record.

So I did not send you the ID :/

I think you panicked and over reacted but I remember this just fine...

[stochastic]

That's pretty awesome. Have you bought anything cool with the interest you've taken out in the last few weeks?

yes, i compunded it back.  turning into an even bigger deposit.
isnt that cool?

It's really strange, you're a smart kid, like you understand the concepts of cryptography really well, you can do some nifty Chrome plugins etc. and yet you think this, I don't understand, is it like a mental blind spot for you?

This is public knowledge. There was massive drama about my not giving Nefario my ID cuz he said he was going to give it to the police.

I think you miss-remembered or miss-interpreted something I had said, it's never been my position to give any ID to anyone outside GLBSE and I've said as much. We've gone to great lengths to make it difficult to impossible for law enforcement to make us do so through the use of cryptography.

Also GLBSE will only have to follow AML rules if we're required to register as a financial institution, which would also mean that other regulations apply. All we need comply with is the 1998 data protection act which prevents us giving out our users information.

You said at the time you would make my personal info public if you thought I was a scammer. This was when you were trying to shut down my BTCST account because you thought I was a scammer. It's all public record.

So I did not send you the ID :/

I think you panicked and over reacted but I remember this just fine...

I don't see what the need is for to store the IDs, even if it is encrypted.  Check the information then destroy the documents.  When I buy a beer they don't keep my ID on file.

[Shadow383]

That's pretty awesome. Have you bought anything cool with the interest you've taken out in the last few weeks?

yes, i compunded it back.  turning into an even bigger deposit.
isnt that cool?

It's really strange, you're a smart kid, like you understand the concepts of cryptography really well, you can do some nifty Chrome plugins etc. and yet you think this, I don't understand, is it like a mental blind spot for you?

This is public knowledge. There was massive drama about my not giving Nefario my ID cuz he said he was going to give it to the police.

I think you miss-remembered or miss-interpreted something I had said, it's never been my position to give any ID to anyone outside GLBSE and I've said as much. We've gone to great lengths to make it difficult to impossible for law enforcement to make us do so through the use of cryptography.

Also GLBSE will only have to follow AML rules if we're required to register as a financial institution, which would also mean that other regulations apply. All we need comply with is the 1998 data protection act which prevents us giving out our users information.

You said at the time you would make my personal info public if you thought I was a scammer. This was when you were trying to shut down my BTCST account because you thought I was a scammer. It's all public record.

So I did not send you the ID :/

I think you panicked and over reacted but I remember this just fine...

I don't see what the need is for to store the IDs, even if it is encrypted.  Check the information then destroy the documents.  When I buy a beer they don't keep my ID on file.

When you buy a beer you're not selling a few hundred grand's worth of bonds, either.

[Bitcoin Oz]

The number is rising. Yep. But your interpretation of the contract is merely a technicality; everyone knows that a better wording might have been "each bond represents 1 BTC of BS&T debt" or whatever. Goat can sell up to 40K and still be able to pay back when pirate does.

Merely a technicality - of course
I'm dying to see if any court would share your opinion.
If pirate does pay out anyone except Goat - oh, it'd just be be such a great show to watch...

Pirate isnt paying anyone back. Hes most likely sitting on a beach sipping pina coladas and laughing at you.

[piotr_n]

I see you have been doing a really great job Goat with countering the bonds - I'm so proud of you!

Unfortunately you have only 1648 left before reaching the 40k roof.
But no worries - I am sure that Nefario can update the database with a simple SQL query, so your number will be able to go even higher.

So I'm looking forward to update my chart further - and don't you both dare disappointing me!

[Tomatocage]

Has there been any word from Pirate at all since the weekend?

[imsaguy]

Has there been any word from Pirate at all since the weekend?

No.

[Tomatocage]

Has there been any word from Pirate at all since the weekend?

No.

Do you know if he's busy trying to pay anybody back, or did he just go "fuck it..." at this point?

[imsaguy]

Has there been any word from Pirate at all since the weekend?

No.

Do you know if he's busy trying to pay anybody back, or did he just go "fuck it..." at this point?

I am in the dark. His irc bouncer disconnected yesterday for a bit but then came back.  AFAIK, he's been idle since Friday.

[DutchBrat]

Has there been any word from Pirate at all since the weekend?

No.

Do you know if he's busy trying to pay anybody back, or did he just go "fuck it..." at this point?

I am in the dark. His irc bouncer disconnected yesterday for a bit but then came back.  AFAIK, he's been idle since Friday.

The man deserves an extended Labour Day Weekend !!! 

[Tomatocage]

He said that his attorneys contact info would be made available Friday.  Has it?

[imsaguy]

Has there been any word from Pirate at all since the weekend?

No.

Do you know if he's busy trying to pay anybody back, or did he just go "fuck it..." at this point?

I am in the dark. His irc bouncer disconnected yesterday for a bit but then came back.  AFAIK, he's been idle since Friday.

The man deserves an extended Labour Day Weekend !!! 

He's American.. Labor :p

[smoothie]

I see you have been doing a really great job Goat with countering the bonds - I'm so proud of you!

Unfortunately you have only 1648 left before reaching the 40k roof.
But no worries - I am sure that Nefario can update the database with a simple SQL query, so your number will be able to go even higher.

So I'm looking forward to update my chart further - and don't you both dare disappointing me!

So Goat is issuing more bonds even after pirate obviously hasn't paid many "investors" back?


Wow

Why would he do this?

[P4man]

So Goat is issuing more bonds even after pirate obviously hasn't paid many "investors" back?


Wow

Why would he do this?

Assuming your conclusion is correct, there is quite a simple explanation. People were (and some still are ) buying pirate debt. For pennies on the dollar, but those newly issued bonds dont even have "a dollar" backing them. Its Goat gambling or knowing pirate wont pay back, so he wont have to buy those bonds back either.

[piotr_n]

Its Goat gambling or knowing pirate wont pay back, so he wont have to buy those bonds back either.

However you'd call this fraud - it it's hugely illegal, as for my knowledge though I'm not even a lawyer.
I mean, if you consider that these are "bonds" traded on a "stock exchange", based on a "contract" an the "IPO"...
These words do have some legal meaning.
So basically Goat is so fucked up - and Nefario as well. But they don't care - they keep selling bonds, as nothing has happened.

Now they need to make up their mind; either by saying that all the "bonds" and "IPO" stuff was just like in farmvillem nothing real - or, if they'd ever like to go to any court, they need to face the punishment for all the financial laws they have broken.

They will not go to any courts - face it.
Where I would advise them going to, is somewhere in Amzaone - just to hide as much as they can, before they can still leave the country