LTCPPT - Litecoin Pirate Pass Through (CLOSED)

[coblee]

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.

[1713569300]

1713569300

[Vorksholk]

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

[coblee]

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.

[coblee]

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.

[coblee]

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

[Tachikoma]

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.

[disclaimer201]

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

[Gladamas]

Told you it was a dumb idea.

Oh please...

[Greedi]

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.

[BlackBison]

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..

[smoothie]

Good Job Coblee.

[AMD FTW]

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

[Tachikoma]

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

[smoothie]

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

Thanks!

[Litecoin]

Thanks Coblee,

great service.

[burnside]

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.

[disclaimer201]

Coblee, did you get your coins back from Pirate?

[coblee]

Not yet 

[ralree]

Turn that frown upside down!