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piotr_n
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September 04, 2012, 05:33:01 PM
 #681

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 Smiley
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... Cheesy

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.
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  Wink

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Tomatocage
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September 04, 2012, 05:39:59 PM
 #682

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.

THIS SPOT FOR RENT* | GPG ID: 4880D85C | 1% Escrow | 8% IPO/ICO Escrow services Temporarily Closed | Bitcointalk is the ONLY place where I use this name (No Skype/IRC/YIM/AIM/etc) | 13CsmTqGNwvFXb7tD9yFvJcEYCDTB8wQTS | Beware of these SCAM sites! | *Sponsored Link
Shadow383
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September 04, 2012, 06:09:32 PM
 #683

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 Smiley
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... Cheesy

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
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September 04, 2012, 06:17:52 PM
 #684

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.

THIS SPOT FOR RENT* | GPG ID: 4880D85C | 1% Escrow | 8% IPO/ICO Escrow services Temporarily Closed | Bitcointalk is the ONLY place where I use this name (No Skype/IRC/YIM/AIM/etc) | 13CsmTqGNwvFXb7tD9yFvJcEYCDTB8wQTS | Beware of these SCAM sites! | *Sponsored Link
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September 04, 2012, 08:49:55 PM
 #685

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  Wink

That's pretty awesome. Have you bought anything cool with the interest you've taken out in the last few weeks?
piotr_n
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September 04, 2012, 09:14:25 PM
 #686

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? Cheesy

Check out gocoin - my original project of a bitcoin client written in Go, with some unique features.
PGP fingerprint: AB9E A551 E262 A87A 13BB  9059 1BE7 B545 CDF3 FD0E
Nefario
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September 04, 2012, 11:44:23 PM
 #687

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? Cheesy

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.

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El Cabron
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September 04, 2012, 11:55:22 PM
 #688

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? Cheesy

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...


Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
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https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
stochastic
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September 05, 2012, 12:49:14 AM
 #689

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? Cheesy

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.

Introducing constraints to the economy only serves to limit what can be economical.
Shadow383
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September 05, 2012, 01:00:55 AM
 #690

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? Cheesy

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
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September 05, 2012, 01:01:28 AM
 #691

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 Smiley
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... Cheesy

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

piotr_n
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September 05, 2012, 12:51:49 PM
 #692

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. Sad
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! Cheesy


Check out gocoin - my original project of a bitcoin client written in Go, with some unique features.
PGP fingerprint: AB9E A551 E262 A87A 13BB  9059 1BE7 B545 CDF3 FD0E
Tomatocage
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September 05, 2012, 04:27:56 PM
 #693

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

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imsaguy
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September 05, 2012, 04:48:29 PM
 #694

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

No.

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Tomatocage
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September 05, 2012, 04:50:22 PM
 #695

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?

THIS SPOT FOR RENT* | GPG ID: 4880D85C | 1% Escrow | 8% IPO/ICO Escrow services Temporarily Closed | Bitcointalk is the ONLY place where I use this name (No Skype/IRC/YIM/AIM/etc) | 13CsmTqGNwvFXb7tD9yFvJcEYCDTB8wQTS | Beware of these SCAM sites! | *Sponsored Link
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September 05, 2012, 04:55:44 PM
 #696

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.

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
DutchBrat
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September 05, 2012, 05:16:18 PM
 #697

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 !!!  Wink
Tomatocage
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September 05, 2012, 05:38:04 PM
 #698

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

THIS SPOT FOR RENT* | GPG ID: 4880D85C | 1% Escrow | 8% IPO/ICO Escrow services Temporarily Closed | Bitcointalk is the ONLY place where I use this name (No Skype/IRC/YIM/AIM/etc) | 13CsmTqGNwvFXb7tD9yFvJcEYCDTB8wQTS | Beware of these SCAM sites! | *Sponsored Link
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September 05, 2012, 05:42:46 PM
 #699

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 !!!  Wink

He's American.. Labor :p

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
smoothie
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September 05, 2012, 05:46:17 PM
 #700

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. Sad
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! Cheesy




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


Wow

Why would he do this?

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