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Question: Which passthrough should I use to keep the 6.5% interest?
Hashking - https://bitcointalk.org/index.php?topic=82574.0 - 1 (3.1%)
payb.tc - https://bitcointalk.org/index.php?topic=83904.0 - 5 (15.6%)
ineededausername - https://bitcointalk.org/index.php?topic=91375.0 - 0 (0%)
Chaang Noi (Goat) - https://bitcointalk.org/index.php?topic=82573.0 - 9 (28.1%)
I don't care - 12 (37.5%)
No passthrough but with a lower 4.5% interest - 5 (15.6%)
Total Voters: 32

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Author Topic: LTCPPT - Litecoin Pirate Pass Through (CLOSED)  (Read 8123 times)
coblee
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August 13, 2012, 05:40:33 PM
 #101

Thanks for working on the different solutions, I'm sure every depositor has a solution that will work for him/her.

Will there be dividends this week because of this change?

Yes dividends being sent out now.

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August 15, 2012, 03:20:56 AM
 #102

What are the interest rates going to look like for LTCPPT with pirate's new adjustment?

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August 15, 2012, 03:28:42 AM
 #103

What are the interest rates going to look like for LTCPPT with pirate's new adjustment?

Assuming payb.tc is paying 4.9% interest, LTCPPT will be paying out 4.5% interest. Thanks.

Also, I think I will stick with just using payb.tc's BitcoinMax for passthrough for now.

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August 18, 2012, 04:18:37 AM
 #104

Well, all good things must come to an end. LTCPPT is closing due to Pirate closing. I will actually return your deposits before pirate returns them to me. And I will send out the litecoin interests on them today. If Pirate does default, it's my loss and not yours. Thanks for trusting in me.

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August 18, 2012, 04:35:31 AM
 #105

Ok, all deposits returned and litecoin interests paid out. Thanks.

Here are some final stats:

Interest received from Pirate: 445.93 BTC
Total litecoins paid out: 103,376 LTC
Average exchange rate: 0.00431367

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August 18, 2012, 07:23:29 AM
 #106

Well, all good things must come to an end. LTCPPT is closing due to Pirate closing. I will actually return your deposits before pirate returns them to me. And I will send out the litecoin interests on them today. If Pirate does default, it's my loss and not yours. Thanks for trusting in me.

Wow coblee, that's a huge gesture you are making there. I think everybody knew the risks when they signed up so you did not have to do this at all. Much appreciated and keep us in the loop.

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August 18, 2012, 09:46:03 AM
 #107

Told you it was a dumb idea. I hope Pirate will indeed refund your coins. Otherwise, no sympathy from me.

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August 18, 2012, 09:51:25 AM
 #108

Told you it was a dumb idea.

Oh please... Roll Eyes

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August 18, 2012, 09:55:31 AM
 #109

Told you it was a dumb idea. I hope Pirate will indeed refund your coins. Otherwise, no sympathy from me.

come one man? the man is doing a good job here.

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August 18, 2012, 10:34:19 AM
 #110

Told you it was a dumb idea. I hope Pirate will indeed refund your coins. Otherwise, no sympathy from me.

No need to be a prick, he has paid everyone back and taken the full financial risk of a hit on his own wallet. That's called integrity in the face of adversity.

Obviously perfect people like you who never make mistakes wouldn't understand this concept..

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August 18, 2012, 07:55:38 PM
 #111

Good Job Coblee.

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August 19, 2012, 06:01:13 AM
 #112

Thanks Coblee for setting this all up....definitely appreciated it. Smiley

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August 19, 2012, 10:35:01 AM
 #113

Coblee, can you think of any other investing opportunities that can have a positive effect on Litecoin? 

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August 20, 2012, 06:45:48 PM
 #114

Coblee, let us know when you get your coins back from pirate please.

Thanks!

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August 21, 2012, 02:57:53 AM
 #115

Thanks Coblee,

great service.
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September 03, 2012, 04:24:49 AM
 #116

Coblee, can you think of any other investing opportunities that can have a positive effect on Litecoin? 

I'm on the tail end of development for the core features of Litecoin Global. (https://www.litecoinglobal.com/)  You could accomplish something similar by setting up a fund.  Trade the shares in LTC, but have the fund invest in BTC assets.  The BTC assets would pay in BTC, which would then have to be converted to LTC to pay dividends.


I'm not a Coinbase fan -- I placed a buy order, they took the funds out of my account, then a week later the price went up and they canceled the buy and closed my account.  You've been warned.  Use a different exchange.
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September 03, 2012, 03:51:34 PM
 #117

Coblee, did you get your coins back from Pirate?

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coblee
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September 03, 2012, 03:56:39 PM
 #118

Not yet  Sad

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September 05, 2012, 05:49:53 AM
 #119

Turn that frown upside down! Cheesy

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