Re: [BitcoinMax.com] Closing down

it is very unlikely that i will be sending pirate the details of bitcoinmax accounts.

Do you mean that in the general sense of the complete account list, or even in the individual cases where you've been specifically asked to? Disclaimer: I'd like my BTCMax info passed to pirate ASAP, by the Fri deadline at the very latest.

Quote from: payb.tc on August 30, 2012, 02:20:09 AM

i think this information is totally irrelevant to *my* account at BST.

Do you mean your personal account or the totality of the BTCMax PPT?

Either way, pirate's announcement of default and statement of terms for the ensuing wind-down make that information *very* relevant.

I hope you choose to accept the terms of the wind-down, so we (your customers) don't get left out of whatever settlement may be forthcoming.

One more thing, and this is a biggie. The reason pirate wants to pay us PPT customers directly is to ensure that there is no funny business with the settlements.

Lawyered up or not, at this point it makes sense for him to remove as much counterparty risk as possible, to best minimize chances of further uncertainty/rancor/dissatisfaction/unpaid accounts and ensuing litigation or other negative consequences.

i only have one account at BST. it contains everything.

whether there is any 'funny business' within bitcoinmax is also irrelevant to pirate and my BST account being paid out. if he can prove he sent ~168300 to me (and everyone by now knows my bst withdrawal address - 19kEo3qmuUdAQb1Q7VZhRwahw5v3NSZCeW), then that's as far as his responsibility goes.

Had. Not "have." As in, you "had" one account at BST. That is no longer the case, as we are now in bankruptcy proceedings and whatever BST/PPT corporate veils once existed now require piercing.

As you are aware, BST is in default. That means previously existing arrangements no longer apply and are irrelevant.

You must learn to start using the past tense when referring to your (former) BST account.

Let go of the cherished past and please, for the sake of your customers, start dealing with the pressing demands of the present and potentialities of the future.

Nobody is saying there is any funny business within bitcoinmax, but legal and practical strictures require pirate to act in such a manner as if there is or could be.

Pirate is not going to place himself in any position where the potential exists for a PPT operator to cut and run, leaving him on the hook to settle the accounts twice. It's a smart business move; I would do the same thing in his shoes.

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it's pretty simple... he needs to pay out my BS&T account to my BS&T withdrawal address.

It is NOT that simple, no matter how strenuously you insist it is. When Madoff's Ponzi went bust, the money recovered did NOT go back to his feeder funds for redistribution.