[BitcoinMax.com] Closed

[Shadow383]

Bitcoinmax paid out interest but only accountingwise as nothing went in the blockchain ?

Mine at least has gone but never actually entered any block.

Whats about you guys?

payb.tc paid interest on paper, but not on the blockchain.

pirate paid all his lenders except payb.tc.

payb.tc can't and won't pay his lenders until pirate pays payb.tc.

payb.tc has a lot of coins with pirate, and so gets a lot of interest each week.

Pirate probably needs new investment before he can pay the interest.  10K BTC should cover it.

the first wave of late payments is not a good sign
if i had funds invested  i would bail out now
its pretty obvious that the people on the last couple of levels are not going to get their principal back never mind any interest

Last week bitcoinmax was one of the first to be paid by BS&T.  59% of the interest paid to bitcoinmax was immediately reinvested in BS&T, and that reinvestment was then used to pay the interest on other BS&T accounts.

I wonder why the same scheme wasn't used this week since it worked so well last week.

So Bitcoinmax has exposure equal to >100k BTC?
Hmmm...

[dooglus]

So Bitcoinmax has exposure equal to >100k BTC?
Hmmm...

120k I think.  And that's the whole BS&T account, which is probably bigger than just bitcoinmax.

[DutchBrat]

because maybe this time the re-investments weren't enough to pay the interest on the other BS&T accounts

But bitcoinmax always reinvests something, and a lot of the smaller BS&T lenders don't.  So it would still make sense to pay out bitcoinmax first.

btw... are you now saying this is a ponzi

I personally don't know what it is.  It looks a lot like a ponzi, but maybe there's some magic money-making business going on at BS&T that I don't understand.

Whether BS&T is a ponzi or whether it's putting the borrowed bitcoins to work, it's plausible that it wouldn't have lots of spare coins sitting around waiting to be paid out on Mondays, so the delays in interest payment are explicable whether or not it's a ponzi.

If I had to bet on whether it's a ponzi or not, I'd bet that it is.  But I wouldn't be sure of winning.

usagi states that :"FOO.PPT paid, imsaguy paid, YARR paid!" Guess only payb.tc is missing the payments, but it's only 9.04 at Texas now. Give the man some time. 

Goat hasn't been paid yet either.... Pirate is still asleep after his Vegas partying days 

[dooglus]

Goat hasn't been paid yet either.... Pirate is still asleep after his Vegas partying days 

Source?

[xxaudioxx]

Goat hasn't been paid yet either.... Pirate is still asleep after his Vegas partying days 

Source?

IRC

[22:53] <Clipse-b> Chaaang-Noi : did you get your payment ?
[22:53] <Chaaang-Noi> no, but then again i just now asked
[22:53] <Chaaang-Noi> and pirates not online

[dooglus]

[22:53] <Clipse-b> Chaaang-Noi : did you get your payment ?
[22:53] <Chaaang-Noi> no, but then again i just now asked
[22:53] <Chaaang-Noi> and pirates not online

OK, he requested a withdrawal.  That's different.

It seems that bitcoinmax is the only outstanding interest payment from yesterday.

[layyen]

missing any official info from payb.tc   

[DutchBrat]

Whatever the case... I am sure Payb.tc will get his coins from Pirate soon, and if not... then it has been a wild ride on the seven seas ! 

[dec]

after "waterworks" .......................http://www.youtube.com/watch?v=ZomwVcGt0LE&feature=related

[CoinCidental]

after "waterworks" .......................http://www.youtube.com/watch?v=ZomwVcGt0LE&feature=related

Quality LOL

[John (John K.)]

The payments are going out now according to pirate on IRC. Poor guy's water heater was a mess since the Vegas trip.

[ErebusBat]

Payment just hit: http://blockchain.info/address/19kEo3qmuUdAQb1Q7VZhRwahw5v3NSZCeW

[Dice]

Good news fellas, according to IRC, payments are being sent out now.

[roomservice]

Payment just hit: http://blockchain.info/address/19kEo3qmuUdAQb1Q7VZhRwahw5v3NSZCeW

Thats a bunch of BTC!

[ErebusBat]

Payment just hit: http://blockchain.info/address/19kEo3qmuUdAQb1Q7VZhRwahw5v3NSZCeW

Thats a bunch of BTC!

7% of 113k

[dooglus]

missing any official info from payb.tc   

He said he was waiting for the payment, and he's probably sleeping now.  He's in Australia.

[Michail1]

Woah, 2 pages of FUD, you guys did great today! 

[notme]

Woah, 2 pages of FUD, you guys did great today! 

Lol

[Timbo925]

 

[Vandroiy]

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.