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Author Topic: Choose: Walk The Plank or Keelhaul  (Read 19189 times)
Coinoisseur
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July 24, 2012, 10:34:56 PM
 #21

Seems like he can't be sure how confident the Bitcoin community will be to invest in him when he lifts the referral requirement. There are a lot of gamblers out there, but how many will go direct rather than use a pass through?
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Raoul Duke
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July 24, 2012, 10:37:40 PM
 #22

BS&T was opening to the public on August 1st. It is now opening to the public on August 13th.

In fact the referral requirement was lifted yesterday and you can already open an account.

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July 24, 2012, 10:40:22 PM
 #23

What am I missing here, wasn't the bet slated to end in October?

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July 24, 2012, 10:41:07 PM
 #24

BS&T was opening to the public on August 1st. It is now opening to the public on August 13th.

In fact the referral requirement was lifted yesterday and you can already open an account.

Curiouser and curiouser

1st -> 13th -> apparently yesterday

Funding problems?

Reading his news post: he's lifted the referral requirement but, according to that post, trust (interest payment?) status won't occur until the 13th
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July 24, 2012, 11:12:52 PM
 #25

BS&T was opening to the public on August 1st. It is now opening to the public on August 13th.

In fact the referral requirement was lifted yesterday and you can already open an account.

Curiouser and curiouser

1st -> 13th -> apparently yesterday

Funding problems?


Plank or Keelhaul? I think not. The pirate is hoist with his own petard.

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July 24, 2012, 11:25:16 PM
 #26

Literally the only way Van could "chance the outcome of Aug 14th" is if BS&T is completely shutting down on that date. This seems impossible, given that we've seen no signs of Pirate winding down his business. That leaves us with Pirate defaulting on that date. That being said, if you have funds with Pirate, you really shouldn't wait until then to withdraw, as you might be too late. Get out now.

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July 24, 2012, 11:31:41 PM
 #27

Plank or Keelhaul? I think not. The pirate is hoist with his own petard.

This. And this:

Get out now.

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July 24, 2012, 11:43:23 PM
 #28

Get out now.

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July 25, 2012, 12:52:26 AM
 #29

Well, it's one thing to put money into something I didn't understand. But that thing I didn't understand was paying 7% a week. So I rolled the dice for a while for a not-unsubstantial portion of my BTC holdings.

But now that thing I didn't understand is saying things I don't understand concerning that thing I didn't understand to start with. So in the interest (heh) of a sound night's sleep, I've taken my exposure to BTCST to zero. (Thank you bitcoinmax for an almost instantaneously fulfilled withdrawal request)

It's just not worth it. Hope this all turns out in some manner that doesn't harm bitcoin. If the worst thing that happens is that BTC drops to $3, then I'll take that opportunity to back the truck up.
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July 25, 2012, 01:07:22 AM
 #30

No.

I think the purpose of this thread is to focus attention on the date Aug 14, to make people believe there's still time. The actual topic should be "yesterday's" interest pay-out. It was not a normal, simultaneous pay-out at all. Some coins saw multiple investor addresses on the same day; for example, Bitcoinmax re-investment ended up with the next customer as soon as it returned. Multiple payments look like interest that was sent much later than anticipated.

See as an example transaction c9a38ef5482a24575d9ff38cd76aa524a8ec2f498836a2b98f42e352e30874cf -- two simultaneous payments that look like interest, but 23 hours later?
Raoul Duke
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July 25, 2012, 01:16:28 AM
 #31

No.

I think the purpose of this thread is to focus attention on the date Aug 14, to make people believe there's still time. The actual topic should be "yesterday's" interest pay-out. It was not a normal, simultaneous pay-out at all. Some coins saw multiple investor addresses on the same day; for example, Bitcoinmax re-investment ended up with the next customer as soon as it returned. Multiple payments look like interest that was sent much later than anticipated.

See as an example transaction c9a38ef5482a24575d9ff38cd76aa524a8ec2f498836a2b98f42e352e30874cf -- two simultaneous payments that look like interest, but 23 hours later?

hmmm. Those don't look like interest payments at all. Not with such round numbers, sorry.

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July 25, 2012, 01:16:50 AM
 #32

With more then a year left to go in the bet, I think Vandroiy placed a REALLY GOOD BET so long as the escrow is safe.  There is no point in talking concession now!

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July 25, 2012, 01:19:41 AM
 #33

hmmm. Those don't look like interest payments at all. Not with such round numbers, sorry.

The same round number came one week earlier, on the exact block that paid other accounts. Also, 1400 is 7% of a non-compunding account with 20k paper coins in it, and non-compunding people might just choose round numbers.

Check out Block 189342 and how well that payment was synchronized on all of the accounts in question!
Raoul Duke
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July 25, 2012, 01:32:44 AM
 #34

OK. I checked it and yes, it does look like it.
Now, only the recipient of the delayed funds or pirate can answer why 23hrs late, but I'm not seeing why would they.
You can only guess.

CoinCidental
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July 25, 2012, 02:14:15 AM
 #35

No.

I think the purpose of this thread is to focus attention on the date Aug 14, to make people believe there's still time. The actual topic should be "yesterday's" interest pay-out. It was not a normal, simultaneous pay-out at all. Some coins saw multiple investor addresses on the same day; for example, Bitcoinmax re-investment ended up with the next customer as soon as it returned. Multiple payments look like interest that was sent much later than anticipated.

See as an example transaction c9a38ef5482a24575d9ff38cd76aa524a8ec2f498836a2b98f42e352e30874cf -- two simultaneous payments that look like interest, but 23 hours later?

from what i understand bitcoinmax is not run by pirate himself  so those coins would have went into the personal  wallet of pay.btc first

if someone wants a withdrawl  of 100 BTC at the same time as someone else is investing 100BTC ,it wouldnt make sense for payb.tc to upload the first 100 BTC from the investor  and then download another 100 btc to pay the withdrawl

it makes sense to give 100 coins that just arrived in the personal wallet to the person that wants to take out 100 coins rather than pointlessly run it all through the btcst account just to take it out again immediately ......unless im missing something
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July 25, 2012, 02:45:27 AM
 #36

chance the outcome of Aug 14th.[/b]


Wait, what's happening Aug 14th?   I know you're opening up to the public (or already have), but how does that affect the Oct 2013 end time of the bet?
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July 25, 2012, 02:50:16 AM
 #37

chance the outcome of Aug 14th.
Wait, what's happening Aug 14th? 

https://en.wikipedia.org/wiki/Madoff_investment_scandal#Final_weeks

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simonk83
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July 25, 2012, 02:51:24 AM
 #38


Yeah, that doesn't really answer my question.  I'm not into all this conspiracy theory nonsense.
myrkul
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July 25, 2012, 02:54:09 AM
 #39


Yeah, that doesn't really answer my question.  I'm not into all this conspiracy theory nonsense.

It's not a conspiracy theory to say "It's a ponzi, it's going to fall apart at or shortly after that date."

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simonk83
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July 25, 2012, 02:55:04 AM
 #40


Yeah, that doesn't really answer my question.  I'm not into all this conspiracy theory nonsense.

It's not a conspiracy theory to say "It's a ponzi, it's going to fall apart at or shortly after that date."

Fine, baseless speculation then Cheesy   Perhaps it is, perhaps it isn't, I'm not really interested in getting into that (again).
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