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Author Topic: [BitcoinMax.com] Closed  (Read 178448 times)
payb.tc
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July 31, 2012, 09:37:40 PM
 #841

there was absolutely no re-investment (probably because of the panic that the delay caused)

Shortly after interest payments stop seems to be slightly too late to be panicking.  Either the scheme has just defaulted, in which case your withdrawal won't go through, or it hasn't, and there was no (more than normal) reason to panic.

not being sarcastic, that's perfect logic.

unfortunately panic and logic don't always go together very well.
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July 31, 2012, 09:44:17 PM
 #842

there was absolutely no re-investment (probably because of the panic that the delay caused)

Shortly after interest payments stop seems to be slightly too late to be panicking.  Either the scheme has just defaulted, in which case your withdrawal won't go through, or it hasn't, and there was no (more than normal) reason to panic.

not being sarcastic, that's perfect logic.

unfortunately panic and logic don't always go together very well.
I'd be interested to know how many withdraws were then re-deposited  Smiley

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July 31, 2012, 09:50:34 PM
 #843

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.

Actually, at least for me, it just happens to be the time of the month for paying bills.





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July 31, 2012, 09:51:37 PM
 #844

Thanks again payb.tc and pirate.. Smiley

+1 smracer, +2 MadSweeney, +1 bitdragon, +1 mimarob, +1 Valalvax, +2 dbox, +100 payb.tc, +1 TheBitMan, +2 gusti, +1 hashking, +1 Xunie, +2 wm-center, +1 Scott J

https://bitcointalk.org/index.php?topic=484.msg962923#msg962923
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July 31, 2012, 10:00:40 PM
 #845

thanks a ton Cheesy
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July 31, 2012, 10:10:04 PM
 #846

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. Wink

I am aware and never said it isn't. That exact point has been discussed in another thread. But statistically, it is not that bad. It seems there is another outstanding withdrawal, so I guess that's what was missing. Smiley

Seeing coins move out for a change is what it's all about. The main reason for worry is that, from what's visible, the debt has been ever-increasing. Not just that, it has also been growing much faster than risk management of investors should allow.

For estimating the paper balance, it's not important whether a payment was labeled "interest" or "withdrawal", they're one and the same in effect.
RoloTonyBrownTown
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July 31, 2012, 10:25:40 PM
 #847

Thanks for the interest payment payb.tc Smiley

payb.tc
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July 31, 2012, 11:13:46 PM
 #848

For estimating the paper balance, it's not important whether a payment was labeled "interest" or "withdrawal", they're one and the same in effect.

well, of course it's important, eg. let's say you see 100 btc transaction and let's say the rate is 5% to make calculating easy:

you assume it's all interest -> balance must be 100 / 0.05 = 2000
you assume it's half interest and half withdrawal -> balance must be 50 / 0.05 - 50 = 950
perhaps in reality it's 10 btc in interest, together with a 90 btc withdrawal -> balance must be 10 / 0.05 - 90 = 110

so balance could be estimated at anywhere from 110 to 2000 under those circumstances <- good luck with that.

i already explained that in another thread where i mentioned withdrawals and interest are sent to me together, not separately. perhaps this is why it's best to ignore your posts, because replying to you doesn't seem to make a difference anyway.
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July 31, 2012, 11:19:03 PM
 #849


Withdrawal completed, thank you.

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July 31, 2012, 11:22:30 PM
 #850

seems like a little bit of panic this week on the part of Pirate... no doubt this is very close to the tipping point.

The question facing Pirate (Bitcoinmax can't really do anything but beg some anonymous guy named pirate to plz pay him each week) each week is:

Will this week's interest payment be < this week's new investments

it's getting extremely close to when it's -EV to keep running.

next week should be fun.  What time is it promised by again?  I want to get my popcorn ready.

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July 31, 2012, 11:25:05 PM
 #851

seems like a little bit of panic this week on the part of Pirate... no doubt this is very close to the tipping point.

The question facing Pirate (Bitcoinmax can't really do anything but beg some anonymous guy named pirate to plz pay him each week) each week is:

Will this week's interest payment be < this week's new investments

it's getting extremely close to when it's -EV to keep running.

next week should be fun.  What time is it promised by again?  I want to get my popcorn ready.
I find it funny that you guys are "trying to warn people" but think it will be funny when they lose everything.

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July 31, 2012, 11:25:34 PM
 #852

seems like a little bit of panic this week on the part of Pirate... no doubt this is very close to the tipping point.

The question facing Pirate (Bitcoinmax can't really do anything but beg some anonymous guy named pirate to plz pay him each week) each week is:

Will this week's interest payment be < this week's new investments

it's getting extremely close to when it's -EV to keep running.

next week should be fun.  What time is it promised by again?  I want to get my popcorn ready.

Please take your FUD to one of the other 10 threads for tinfoil hats.

Oh, and here's a picture of the nonanonymous pirate in Vegas with several other bitcoiners:


I know which one he is... do you?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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July 31, 2012, 11:27:10 PM
 #853

seems like a little bit of panic this week on the part of Pirate... no doubt this is very close to the tipping point.

The question facing Pirate (Bitcoinmax can't really do anything but beg some anonymous guy named pirate to plz pay him each week) each week is:

Will this week's interest payment be < this week's new investments

it's getting extremely close to when it's -EV to keep running.

next week should be fun.  What time is it promised by again?  I want to get my popcorn ready.
I find it funny that you guys are "trying to warn people" but think it will be funny when they lose everything.

They believe we're retards blinded by greed.  Too bad they're assholes blinded by jealousy.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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July 31, 2012, 11:32:39 PM
 #854

Interested in the picture.  When Pirate defaults will u tell me which one?

this is in it's final week or 2. 

the mess will be fun to watch, it's like a train wreck in slow motion / can't look away but at same time feel bad for those in the wreck. 

Duality of man sir.

Chairman SwCPoker.eu Bitcoin Poker 2.0 |  Pro Poker Player  |  blog & podcas DonkDown.com | @BryanMicon | 2015- PGP Key
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July 31, 2012, 11:37:37 PM
 #855

Interested in the picture.  When Pirate defaults will u tell me which one?

this is in it's final week or 2. 

the mess will be fun to watch, it's like a train wreck in slow motion / can't look away but at same time feel bad for those in the wreck. 

Duality of man sir.

Sure, I'll tell you if it explodes.  But my point is that some of us have actually done our due diligence and know his full name, where he lives, what he looks like, and I even know is birthdate.  It's just annoying that the FUD is creeping into every thread.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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payb.tc
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July 31, 2012, 11:42:15 PM
 #856

withdrawals are all cleared... everything back to normal Cheesy on with the show...
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July 31, 2012, 11:43:20 PM
 #857

Interested in the picture.  When Pirate defaults will u tell me which one?

this is in it's final week or 2. 

the mess will be fun to watch, it's like a train wreck in slow motion / can't look away but at same time feel bad for those in the wreck. 

Duality of man sir.

Sure, I'll tell you if it explodes.  But my point is that some of us have actually done our due diligence and know his full name, where he lives, what he looks like, and I even know is birthdate.  It's just annoying that the FUD is creeping into every thread.

ty I can wait a week or 2

Chairman SwCPoker.eu Bitcoin Poker 2.0 |  Pro Poker Player  |  blog & podcas DonkDown.com | @BryanMicon | 2015- PGP Key
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July 31, 2012, 11:47:32 PM
 #858

withdrawals are all cleared... everything back to normal Cheesy on with the show...
Thanks for the great service.

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August 01, 2012, 12:00:43 AM
 #859

Just ignore him.

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August 01, 2012, 12:20:19 AM
 #860

I hear pirate paid out, are we all good here now?

GO BLUE!
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