memvola
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August 30, 2012, 11:23:43 AM |
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it's pretty simple... he needs to pay out my BS&T account to my BS&T withdrawal address. It is NOT that simple, no matter how strenuously you insist it is. When Madoff's Ponzi went bust, the money recovered did NOT go back to his feeder funds for redistribution. Well put. It's too late in the game to listen to team Ponzi regardless of whether they have been right. You either continue playing or should never have played from the start. I don't find the reasons for not sharing the data very convincing. If this was a delaying tactic and an excuse by pirate to create more confusion, lets try and be smarter than him, just send him all the details, so he dosen't have another excuse to say that all did not comply. This thing needs to taken to its logical conclusion, and as law goes, " not guilty until proven "
Exactly. Why change the arguments all of a sudden? All investors to bitcoinmax without doubt would have invested directly to btcst if he accepted direct deposits anyway. That's why I find the the objection somehow suspicious; no offense.
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CoinCidental
Legendary
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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August 30, 2012, 11:38:10 AM |
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the "FIFO" thing was only a side-effect of ordering by USER ID (a number), but it doesn't mean if only only get 50% back later accounts will miss out... if i only get 50% back, then all accounts will get 50% back.
- when you negotiate with Pirate on our behalf, will you accept the first offer or try to get as much as possible from him? - how will a partial payment (eg 50%) be distributed? Will you simply pay everybody 50% of their current account value, or use the coins to first pay back deposits, taking into account previous withdrawals, to minimize the actual losses of your clients? (SUM(deposits) - SUM(withdrawals) > 0) - will a partial payment be considered a final settlement, or will you keep on trying to get the rest of the entire payment Pirate owes? there is many ways to consider splitting the returned funds IF there are any worth splitting .....
i would think the fair"est " (since there is no 100% fair way to decide who gets a haircut ) way is to return the principals of newest people first .......
(im talking about the people who just invested recently and stand to lose near 100% of their principal dont deserve to be raped like this )
(the people who already have taken out MORE than their principal + the ones who were bragging loudly that they cant lose etc ... should be suspended at the back of the payment line,at least until newer folks have their principal back )
You assume that early investors withdrew instead of keeping interest reinvested. This assumption is often wrong. Your correct ,in those circumstances where no interest has been pulled out then ideally everyone should get their principal back first and then the interest can be fought over
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Coin.Karma
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August 30, 2012, 11:59:35 AM |
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Wasn't it evident from the beginning....Pirate has clearly mentioned in his OP, during the start that " past performance is not a guarantee of future results"...that itself absolves him of any legal action as long as he wasn't using his money for illegal purposes.......so why would what anyone else say about it matter.....lets just get on with taking this episode to a conclusion.
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zyk
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August 30, 2012, 12:01:57 PM |
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As i see it, but unluckily can´t verify cause bitcoinmax is down.....
one of my accounts has a negative balance as you need to substract the accrued interest from the actual balance !!
Please Payb.tc, send me an adress where i can get rid of the loot and where your interest escrow is made !
If still Op is not changed and your mind not able to understand zykloogish, please open bitcoinmax again. that i see
how many coins i need to send to my friend Andie for leveling his principal investment directly.
Thanks Zyk
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flower1024
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August 30, 2012, 12:04:46 PM |
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As i see it, but unluckily can´t verify cause bitcoinmax is down.....
bitcoinmax.com is not down
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Grinder
Legendary
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Activity: 1284
Merit: 1001
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August 30, 2012, 12:13:31 PM |
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If this was a delaying tactic and an excuse by pirate to create more confusion, lets try and be smarter than him, just send him all the details, so he dosen't have another excuse to say that all did not comply.
Giving scammers the information they ask for when you don't even know why they ask is seldom a good idea.
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zyk
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August 30, 2012, 12:24:01 PM |
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As i see it, but unluckily can´t verify cause bitcoinmax is down.....
bitcoinmax.com is not down Ypiehhyeah the first positive notice today on it. sorry, am even too stupid to handle the easiest, most convenient and cutest bank interface of the world Am sure it´ll have a great future Cheers Zyk
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Coin.Karma
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August 30, 2012, 12:32:18 PM |
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If this was a delaying tactic and an excuse by pirate to create more confusion, lets try and be smarter than him, just send him all the details, so he dosen't have another excuse to say that all did not comply.
Giving scammers the information they ask for when you don't even know why they ask is seldom a good idea. If you have an issue, that is your view personally, but I stand by mine, cheers.....what you mentioned is not something relevant in my context of measured options.. " as the law says " not guilty until proven " (not a scam yet)...or you must be judge dredd.......
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zyk
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August 30, 2012, 12:35:48 PM |
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hi Payb.tc...
if you prefer sleeping now......rather to put yourself behind your lenders and bitlane or better at the same level...... in editing the OP for the better.....tomorrow again, it will be
too late , as the first of us will have sent their accounts information directly to pirate........
Me of course not !
Cheers Zyk
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Grinder
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August 30, 2012, 12:38:36 PM |
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If you have an issue, that is your view personally, but I stand by mine, cheers.....what you mentioned is not something relevant in my context of measured options.. " as the law says " not guilty until proven " (not a scam yet)...or you must be judge dredd.......
Sure, but that kind of naivety is what got you into this in the first place.
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payb.tc (OP)
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August 30, 2012, 12:41:22 PM |
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i'd really like to help zyk with his apparent problem, however i have no idea what he's actually asking.
i've already stated how the accounts would be split up, but as rolotonybrowntown says, it's pointless spending day after day discussing it when we don't even know if we'll see any coins anyway.
let's discuss it more *after* pirate pays (if ever).
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flower1024
Legendary
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Merit: 1000
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August 30, 2012, 12:44:46 PM |
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too late , as the first of us will have sent their accounts information directly to pirate........
as pirateat has no way to proof if they have really that amount invested i dont see this as a problem (consider that bitcoinmax allowed address changes too its not verifyable at all). i'd still prefer that we have some kind of checkbox @bitcoinmax.com to decide if we want to share our data with pirateat or not. i want pirate to have my data.
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sadpandatech
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August 30, 2012, 12:48:32 PM |
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Wasn't it evident from the beginning....Pirate has clearly mentioned in his OP, during the start that " past performance is not a guarantee of future results"...that itself absolves him of any legal action as long as he wasn't using his money for illegal purposes.......so why would what anyone else say about it matter.....lets just get on with taking this episode to a conclusion.
That does not obsolve him of any earnings that he had already stated that the accounts had made. That would only remove him from liability of continuing to pay at a rate that was no longer earnable. It does not mean, 'past performance is not a garuntee of future return of your stated deposit' or earnings... The whole thing is bullshit. And there is no bankruptcy filing YET in the pacer system from him, his partners or any assumed name that is known for him.... Fact is, he lead all despositers to believe he was flipping BTC>USD<BTC mutliplte times per week. Which means, if he does not have atleast all the deposit+ earnings up to atleast the point he stated a lesser interest then he is lying and/or was lying the entire time about the state of deposits. He is either commiting, commeted fraud or at the very least is negligent of not informing depositors if at any cycle that the funds were losing BTC....
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If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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bitlane
Internet detective
Sr. Member
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Activity: 462
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I heart thebaron
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August 30, 2012, 01:53:09 PM |
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.....just send him all the details, so he dosen't have another excuse to say that all did not comply.
^ The statement above is in contradiction to one of (pirateat40's) Trendon's ORIGINAL RULES WHEN MANY OF OUR ACCOUNTS WERE SETUP. Loosely quoted (as PIRATE has since deleted all traces of it....)...if you borrow or invest other user's money into my program, I DO NOT WANT TO KNOW ANYTHING ABOUT IT, OR YOU WILL LOSE YOUR ACCOUNT...I ONLY DEAL WITH DIRECT ACCOUNT HOLDERS !
Withholding such information at this point CLEARLY suits the rules and regulations Trendon initially set our accounts up with and the forum administration could very well reach back into page revisions and pull THAT statement out of this were to ever become a legal issue, or his so-called 'grounds' for REFUSING TO RE-PAY LENDERS.
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zyk
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August 30, 2012, 01:54:08 PM |
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i'd really like to help zyk with his apparent problem, however i have no idea what he's actually asking.
i've already stated how the accounts would be split up, but as rolotonybrowntown says, it's pointless spending day after day discussing it when we don't even know if we'll see any coins anyway.
let's discuss it more *after* pirate pays (if ever).
If or if we not see any coins, depends on your stance on bitcoinmax´s payout - rules for bancrupcy proceedings. Is it zykloogish, when i demand an escrow, where i can transfer my ill - gotten interest loot to pay back the principal of others?? If you can´t or won´t be clear on the way bitcoinmax operates, i will count the interest loot myself and will give it completly to the one, i know of being lower in the chain. That doesn´t depend on pirate in no way ....as he doesn´t declare default and pays out everybody........ Bitcoinmax should be saved as an honest entity not victimized by the greed of scammers! Got it? Thanks Zyk
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ErebusBat
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August 30, 2012, 01:56:47 PM |
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I have started a thread where lenders that wish can give their information to pirate. First part of the post from that thread: It has become apparent that there is a divide between bitcoinmax lenders who wish payb.tc to pass along their information to pirate as requested, and those who do not.
I do not think that payb.tc should pass along anyones information who does not want it. On the other hand I think that those of us who wish that the information be passed along should not be denied that right.
Given that I do not think there is a whole lot bad that can happen from pirate having this information I have created a form where you can enter the details that pirate requested and I will share the details with pirate only.
If you want pirate to have your information please go here: https://bitcointalk.org/index.php?topic=104690.0
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Raoul Duke
aka psy
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August 30, 2012, 02:01:50 PM |
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I have started a thread where lenders that wish can give their information to pirate.
What are you getting yourself into?
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ErebusBat
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August 30, 2012, 02:05:01 PM |
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I have started a thread where lenders that wish can give their information to pirate.
What are you getting yourself into? What do you mean?
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Raoul Duke
aka psy
Legendary
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Activity: 1358
Merit: 1002
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August 30, 2012, 02:09:00 PM |
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I have started a thread where lenders that wish can give their information to pirate.
What are you getting yourself into? What do you mean? I mean: why would pirateat40 accept any information regarding bitcoinmax users coming from someone who isn't payb.tc?
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Matthew N. Wright
Untrustworthy
Hero Member
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Hero VIP ultra official trusted super staff puppet
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August 30, 2012, 02:16:45 PM |
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I have started a thread where lenders that wish can give their information to pirate.
What are you getting yourself into? What do you mean? I mean: why would pirateat40 accept any information regarding bitcoinmax users coming from someone who isn't payb.tc? This.
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