[BitcoinMax.com] Closed

[Clipse]

7910 BTC?

Payb.tc promised "30 withdrawals, some of them large", where's the show? Isn't Bitcoinmax 6-digit? I'd have expected a >20k transaction, not one lower than last week's. Made me wait for just hot air.

You do know that he only request interest/withdrawal values from pirate based on what users request? It makes no sense to receive interest payouts and then simply send it back to pirate cause users wanted to reinvest anyhow.

Most of this withdrawal could just be a panic withdrawal request users made when pirate was away and payb.tc then requested from pirate, not all of this is definitely interest payments either.

[1714231546]

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[Vandroiy]

You do know that he only request interest/withdrawal values from pirate based on what users request? It makes no sense to receive interest payouts and then simply send it back to pirate cause users wanted to reinvest anyhow.

http://blockchain.info/tx-index/13216429/0e67872d84b18c8b97800661da12c2c6e6da6ef158ce1e3ae6c2a4253cfeca64

Eh, nope. Looks like a re-investment on the block chain to me, last week on pay-out.

They could have changed that, of course. But even then, we're left with a puny <5k for the "large amount of withdrawals" if the percentage of auto-payouts is similar to last week's. Calling that "large" would be a total overstatement given Bitcoinmax size.

[Clipse]

You do know that he only request interest/withdrawal values from pirate based on what users request? It makes no sense to receive interest payouts and then simply send it back to pirate cause users wanted to reinvest anyhow.

http://blockchain.info/tx-index/13216429/0e67872d84b18c8b97800661da12c2c6e6da6ef158ce1e3ae6c2a4253cfeca64

Eh, nope. Looks like a re-investment on the block chain to me, last week on pay-out.

They could have changed that, of course. But even then, we're left with a puny <5k for the large amount of withdrawals if the percentage of auto-payout is similar... that would be a total overstatement given Bitcoinmax size.

Before you think you know all the facts, just think for yourself for a second.

He only earns interest on funds that is in BTCST, if there is interest payments being made it makes no sense at all to move funds out of BTCST and then back in.

[Vandroiy]

Before you think you know all the facts, just think for yourself for a second.

He only earns interest on funds that is in BTCST, if there is interest payments being made it makes no sense at all to move funds out of BTCST and then back in.

Well, duh, then what is that address with 129k throughput, payb.tc's personal money circling machine?

Take your own advice and think for a second, plus look at the actual transactions. Comparing with deposits, that looks really consistent.

[Clipse]

Before you think you know all the facts, just think for yourself for a second.

He only earns interest on funds that is in BTCST, if there is interest payments being made it makes no sense at all to move funds out of BTCST and then back in.

Well, duh, then what is that address with 129k throughput, payb.tc's personal money circling machine?

Take your own advice and think for a second, plus look at the actual transactions. Comparing with deposits, that looks really consistent.

Im not going to dispute any of your claims regarding total BTC and frankly I dont care how many BTC is passed through Bitcoinmax. I am just stating the obvious that you wish to ignore, using the payouts on interest day as a set in stone interest payment only is flawed, it will be part interest/part normal withdrawals that is requested by payb.tc to be paid from his BTCST account that pirate must send out.

PS. Total received doesnt mean Total in account, I really hope you knew that. As you can see that specific wallet have ZERO balance. You seem to be back at grabbing at straws again, pity. All that wallet states is that so far payb.tc send a total of 129K to pirate, it doesnt state how much is still part of Bitcoinmax passthru or how much of that 129k amount send to pirate is now withdrawn.

[Scott J]

So, have Bitcoinmax interest payments been made now?

I read the thread and it's not clear and I swear there were more posts.

[zyk]

are interest payments scripted or only done if payb.tc is awake?

[dooglus]

7910 BTC?

Payb.tc promised "30 withdrawals, some of them large", where's the show? Isn't Bitcoinmax 6-digit? I'd have expected a >20k transaction, not one lower than last week's. Made me wait for just hot air.

The payment from BS&T to payb.tc this week is a little less than the weekly interest should be.  I expect they agreed to do the reinvestment off-blockchain this week.

As for "the show", that won't happen until the bitcoinmax payments go out, and only then if you know what addresses to watch.  Since it appears there has been reinvestment of some of this week's interest, I wouldn't be surprised if the weekly interest covers all pending withdrawals.

[dooglus]

are interest payments scripted or only done if payb.tc is awake?

They are scripted, as in a script exists which can make the payments.

And they're manual, as in payb.tc decides whether to run the script or not.  He didn't run it this week because the payment from BS&T hadn't arrived by the time the bitcoinmax payments usually go out.

[Vandroiy]

Clipse: Looking at the deposit/withdraw addresses and assuming interest close to 7% (7.7% maybe?), it seems to look consistent enough. Sure, there are minor fluctuations that can be interpreted one way or another. But given the history, the talk about "large" seems an overstatement for this payment, and that's all I was trying to say.

Probably dooglus is right, re-investment is off the chain now, and "large" withdrawals means "less than the weekly interest".

[ErebusBat]

are interest payments scripted or only done if payb.tc is awake?

Only scripted if it is a planed absence.

In other words we are waiting for him to wake up.

[AndyRossy]

Withdrawal just received, ty!

[Haplo]

Just got my interest payment on the blockchain. The wonderful wizard of Oz must be awake .

[fuxianhui888]

Withdrawal  received
thank,OP

[Grim Death]

I was going to make a withdrawal as I started getting twitchy about everything, but I've decided to stick with BitcoinMax and Pirate. Everyone can have rough periods and it seems that Pirate's was at an incredible unfortunate time with all the talk of Vegas and the like.

Mainly just posting to say thanks for a great service OP.

[payb.tc]

I was going to make a withdrawal as I started getting twitchy about everything, but I've decided to stick with BitcoinMax and Pirate. Everyone can have rough periods and it seems that Pirate's was at an incredible unfortunate time with all the talk of Vegas and the like.

Mainly just posting to say thanks for a great service OP.

thanks everyone, it's almost all sorted, still a few things to work out. 99% of the withdrawals are cleared too.

[payb.tc]

i've now adjusted everyone's "Payment to..." transactions to be 24 hours later, so that noone is missing out on any interest.

I expect they agreed to do the reinvestment off-blockchain this week.

there was absolutely no re-investment (probably because of the panic that the delay caused), in fact, i still need to request more from pirate to cover the 1 remaining (large) withdrawal request i've got outstanding.

[Clipse]

i've now adjusted everyone's "Payment to..." transactions to be 24 hours later, so that noone is missing out on any interest.

I expect they agreed to do the reinvestment off-blockchain this week.

there was absolutely no re-investment (probably because of the panic that the delay caused), in fact, i still need to request more from pirate to cover the 1 remaining (large) withdrawal request i've got outstanding.

So to re-affirm my initial assessment, payouts from BTCST includes interest and normal withdrawal requests. Vandroyi you just have to start accepting that your detective work is in a muddy pool.

[jme621]

Jme wasnt worried, Thanks again.

[phantitox]

Weekly payment receive.  Thanks