Quote from: Bitsky on October 31, 2012, 11:31:26 PM

Quote from: JoelKatz on October 31, 2012, 11:16:21 PM

Quote from: Bitsky on October 30, 2012, 11:12:32 PM

Also, in another thread someone argued that we can't really be sure if every PPT forwarded all coins to Pirate, or used some/all for their own investment plans.
I'm not saying payb.tc did, but that argument has been going around in my head since then because it would open up another can of worms.

I don't see where this argument goes though. If you pay someone to do something knowing that they have no way to prove whether they did it or not, how can you later complain that they can't prove they did it? And why would it matter anyway since the consequences are the same -- the money is lost -- either way?

What if the PPT decided to invest the coins somewhere else? Most investors left their interest in the PPT.
Now that Pirate defaulted a malicious PPT could keep the coins, knowing that Pirate will be blamed for the loss, and get away relatively easy.

Again, this argument goes nowhere. Suppose this is true. Your damages are $0. So what difference does it make? Yes, if they could somehow have guessed correctly when Pirate would default, they could make a ton of money that way and nobody would have been harmed by it. So what?