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Author Topic: [BitcoinMax.com] Closed  (Read 190155 times)
zyk
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August 31, 2012, 12:08:06 AM
 #1881

Looks like pirate has added a script to IRC:

<@Pirateat40> Total Accounts Repaid:  22/459 (Subject to require information)

Make of that what you will.

Question is: how can there be 459 accounts if there are already close at 300 at BitcoinMax ?

Or will his counter go up if/when the PPT owners give them the "sub"-accounts ?
I'm fairly sure BitcoinMax account are not, strictly speaking, BST accounts. Accounts with Pirate require a much higher amount of BTC. All of us investing with payb.tc act as one account, if I understand correctly.


Yes....one of the accounts he won´t need to level, cause there is "funny buiseness " done, he didn´t knew about.
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zyk
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August 31, 2012, 12:10:31 AM
 #1882

He even asked you to level with him directly.

Cheers Zyk
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August 31, 2012, 12:35:18 AM
 #1883

.....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....)
Quote
...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.

bitlane you are magic, so this is potentially a "fully legal" ponsi, where lender him/herself would break a contract by supplying information about their account/s, and their account would be invalid.  Or am I the only other one that finds this point interesting? Very good!

bitlate do you have original post/link?

It would be easy to show a jury that pirate told his pass-throughs to supply sub-account information, therefore he could not use that as (legal) justification to claim his contract terms were broken.
zyk
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August 31, 2012, 12:56:09 AM
 #1884

lets distance bitcoinmax from a "feeder fund"PPT like those :


http://www.businessweek.com/news/2011-10-17/madoff-feeder-fund-investors-seek-customer-status-in-appeal.html


to a feeder fund PPT like this one:


http://www.investopedia.com/terms/f/feederfund.asp#axzz2553V71nO


its all possible to put in our OP, to be seen by pirates legal advice, he bought with our monies,


but apparently bicoinmax lenders are really all patsys with the captain nailing himself to the steering wheel


Cheers Zyk
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August 31, 2012, 02:19:41 AM
 #1885

He even asked you to level with him directly.

Cheers Zyk

zyk, you're giving me a headache from reading through your posts.
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August 31, 2012, 02:21:31 AM
 #1886

He even asked you to level with him directly.

Cheers Zyk

zyk, you're giving me a headache from reading through your posts.
+1

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IveBeenBit
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August 31, 2012, 02:26:29 AM
 #1887

It would be easy to show a jury that pirate told his pass-throughs to supply sub-account information, therefore he could not use that as (legal) justification to claim his contract terms were broken.

Give it up. BTCST will never be in front of a jury. I will book odds on it if you think that scenario is realistic. Off the top of my head, I'd offer 8:1 or more. Let me know if you want to give me action & how much you'd want to risk.
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August 31, 2012, 04:15:28 AM
 #1888

It would be easy to show a jury that pirate told his pass-throughs to supply sub-account information, therefore he could not use that as (legal) justification to claim his contract terms were broken.

Give it up. BTCST will never be in front of a jury. I will book odds on it if you think that scenario is realistic. Off the top of my head, I'd offer 8:1 or more. Let me know if you want to give me action & how much you'd want to risk.

This might be a good way to pay for court costs.

Are you willing to go as high as $100,000 ?

(That is if by jury you mean a Judge in court)


Cuz the flood please PM me if serious.

LOL...no, I'm not good for $100,000 of action. For that kind of scratch, you could get anything in front of a jury. I will offer 8:1 and put a maximum of 90 BTC at risk that BTCST/Trenton never stands in front of a jury before 12/31/2013.
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August 31, 2012, 04:24:51 AM
 #1889

He even asked you to level with him directly.

Cheers Zyk

zyk, you're giving me a headache from reading through your posts.

Read posts from the bottom up, if the first line you read is "cheers zyk" stop reading and move onto the next post
Matthew N. Wright
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August 31, 2012, 04:24:55 AM
 #1890

It would be easy to show a jury that pirate told his pass-throughs to supply sub-account information, therefore he could not use that as (legal) justification to claim his contract terms were broken.

Give it up. BTCST will never be in front of a jury. I will book odds on it if you think that scenario is realistic. Off the top of my head, I'd offer 8:1 or more. Let me know if you want to give me action & how much you'd want to risk.

This might be a good way to pay for court costs.

Are you willing to go as high as $100,000 ?

(That is if by jury you mean a Judge in court)


Cuz the flood please PM me if serious.

LOL...no, I'm not good for $100,000 of action. For that kind of scratch, you could get anything in front of a jury. I will offer 8:1 and put a maximum of 90 BTC at risk that BTCST/Trenton never stands in front of a jury before 12/31/2013.

If I win my bet, you'd win yours too.

SysRun
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August 31, 2012, 04:34:25 AM
 #1891

Hold on now, who's moving the goal posts here... _matthew_, is that you?

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IveBeenBit
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August 31, 2012, 04:35:06 AM
 #1892

If I win my bet, you'd win yours too.

Yes, you are right. But I have some bad news for you, Matthew.....
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August 31, 2012, 05:14:56 AM
 #1893

I think you will win yours no matter what   Grin

<_matthew_> one thing's for sure, if Goat intentionally not cooperating is the reason why pirate cannot pay, I do not see how I can lose my bet.

Well, you better find a damn solid way to prove that other than 'Pirate said', Matthew.........And I'm in your corner, believe it or not but that would be a sleazy way out.
You know as well as anyone, that it was an unreasonable request, with very short notice.

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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August 31, 2012, 10:52:33 AM
 #1894

I'm struggling to keep up with the "clutteriness" of this thread and the 'discussion' going on about between zyk and bitlane amongst other things...

But I just wanted to confirm that if it helps with the recovery of my deposits and interest of my bitcoinmax account, I'd be happy for payb.tc to pass on my details to pirateat40.

If the bitcoinmax BS&T account is repaid by pirate centrally to payb.tc with a haircut, I would fully expect that the repayment gets paid out to us users proportionally. So for example if 50% of the deposit is paid back to payb.tc from pirate, I'd expect to received back 50% of my deposit. I'm sure that goes for all bitcoinmax users.

Good luck to us all...





Bitsky
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August 31, 2012, 11:33:51 AM
 #1895

@lky_svn:
actually, i have already stated that. sorry this thread is so disorganised. don't really have much time to write an essay in the OP.

i originally wrote the order of the payouts:

- those that requested withdrawals before BST closed.
- principal balance up until bst closed, in order of user id (account age)
- interest accrued after bst closed, in order of user id (account age)

all that pretty much assumed full payout.

if there's a partial payout, and funds are distributed via a %, then it doesn't matter if interest+principal is paid in one tx or two, it'll still add up to the same amount.

I'm missing a little more information about what's going directly from Payb.tc and/or Pirate. Status updates would be really nice because right now it looks like nobody does anything except twiddling thumbs.

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hgmichna
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August 31, 2012, 12:51:58 PM
 #1896

By the way, here is another very simple hypothesis on why the pirate asked for information on each single secondary account.

He gains another couple of days by stating that he has already begun paying out. Since nobody knows whom he has ostensibly paid, it will take another couple of days until people find out that nobody has been paid. Until then apparently many people will have heightened hopes that they will, in due time, be paid.

It is this "due time" he is after. He gets that much more time to cover his tracks and become invisible. He can that more leisurely perform his departure.
hgmichna
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August 31, 2012, 12:54:52 PM
 #1897

I'm missing a little more information about what's going directly from Payb.tc and/or Pirate. Status updates would be really nice because right now it looks like nobody does anything except twiddling thumbs.

You will not get any. The only one who does not twiddle his thumbs is the pirate, but all the pirate ever uttered were lies, and that will not change now.

But you should know pretty well what he is doing now. He is executing his well-planned departure.
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August 31, 2012, 01:03:53 PM
 #1898

hgmichna, we know your opinion, you've stated it 21 million times.   Kindly go away now, you're not helping anything other than your ego.

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August 31, 2012, 01:06:30 PM
 #1899

But I just wanted to confirm that if it helps with the recovery of my deposits and interest of my bitcoinmax account, I'd be happy for payb.tc to pass on my details to pirateat40.
The big question is whether you're happy with him passing on other people's details if it harms your chances of recovery.

Quote
If the bitcoinmax BS&T account is repaid by pirate centrally to payb.tc with a haircut, I would fully expect that the repayment gets paid out to us users proportionally. So for example if 50% of the deposit is paid back to payb.tc from pirate, I'd expect to received back 50% of my deposit. I'm sure that goes for all bitcoinmax users.
Doesn't it seem logical that passing through the information reduces the chances of this? If he was going to repay centrally, why does he want everybody's information?

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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August 31, 2012, 01:43:40 PM
 #1900

By the way, here is another very simple hypothesis on why the pirate asked for information on each single secondary account.

He gains another couple of days by stating that he has already begun paying out. Since nobody knows whom he has ostensibly paid, it will take another couple of days until people find out that nobody has been paid. Until then apparently many people will have heightened hopes that they will, in due time, be paid.

It is this "due time" he is after. He gets that much more time to cover his tracks and become invisible. He can that more leisurely perform his departure.

He must be a really stupid ponzi-scheme operator if he has to plan his exit after his scheme collapses

Most design their ponzi around their exit strategy, not after it collapses !

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