Quote from: JoelKatz on August 21, 2012, 09:08:40 AM

Quote from: Micon on August 21, 2012, 08:53:04 AM

This should be considered the second stall. Remember, Pirateat40's game now is the infinite stall - from this point forward there will only be vague excuses and very close to zero block-chain verified large payments. There is a small chance of 1 or 2 payouts to a smaller pass throughs to give the appearance of the beginning of payments, but very unlikely.

Do you have any theories on why he would do this at all? It seems to me that it would make much more sense for him to just disappear with everyone's money. What does stalling buy him?

Time.

If he was over-optimistic when he lowered his interest rates, he may not have expected to have to shut down now and may not have been fully prepared.

He may need lots of time to sort everything out. He may have to cover his tracks, wind down positions, sell a few last bitcoins, do a number of international wire transfers, perhaps even open new bank accounts, which takes some time.

If he intended to flee physically, he may have to sell his accommodation, furniture, etc., buy airline or other tickets, but we don't know whether he will do that.

Anyway, these things take time, and he is certainly worried about being caught.