Quote from: imsaguy on April 21, 2012, 07:42:38 PM

Quote from: Otoh on April 21, 2012, 06:05:56 PM

Quote from: imsaguy on April 21, 2012, 04:31:09 PM

Quote from: Otoh on April 21, 2012, 01:32:29 PM

also I see that you are part of the GLBSE PPT cabal, are any of these OEIO funds being fed through in to Pirate's S&T, or are they completely isolated from any risk there or associated with P's borrowing? In other words do you guarantee the funds lent to you here in the event of a P default?

This OEIO isn't a FPS&T arb. I do retain some holdings at FPS&T but its only for idle coins I don't have in play for other things. THIS OEIO has been used to expand my mining operation (just yesterday purchased another 5GH of gpus), to take advantage of various market arbs, as well as some short term loans to various parties. My exposure to PPT is currently 100 BTC and will always be a measured risk shared with the other 5 parties.

@INAU many thanks, I take it then that you do therefor guarantee these OEIO funds in full in the event of a Pirate default - that's what I was hoping & had assumed when I made my investment therefor I am happy to leave it with you for diversification purposes & to support your mining ops etc

Let's face it, a FPS&T default would have major effects on the economy and it wouldsome effect on my short term liquidity. I keep a local slush for everyday transactions. I keep some funds at fps&t. I keep funds at various markets. I have pending payouts from a multitude of pools.

If everyone asked for a withdrawal at the exact same time, I would have some issues. If I sat on all coins invested with me, I might as well just return them as idle coins make no money other than possible appreciation.

In short, in the case of a fps&t default, I would honor all of my current debts and investments.

With all this talk nowadays about Pirate defaulting, this statement is still true right?