Quote from: ru0chen on October 21, 2014, 04:03:42 AM

Quote from: thy on October 09, 2014, 01:20:22 AM

Quote from: bigasic on October 03, 2014, 11:07:05 PM

With the price plummeting like it is can only benefit lenders... I think that caused a lot of the issues, the price of btc skyrocketed, could be wrong. I, too have been screwed over by something similar...

I think the original problems for Graet goes back to when his mining pool had some bug in its payoutscript 2013 and they payed out 900? btc to much.

Then his loan on BF for 2 000 btc was as far as i understand partly used to pay back people that first loaned him the 900 btc that he was short and i think a large part of the remaining around 1100 btc was probably invested in btcstocks, when the two bitcoin stock exchanges btct.co and bitfunder had to close business many of his stocks lost a lot of value as i understand it, a 500-600 btc(50/60%) loss i think it was that graet himself mentioned, what happened to the remaining around 500 btc stock values after the initial big drop i have no ide.

His miningpool havent come back to the levels it was at back in the earlier mining days but it was doing pretty good for the months aug and sept this year when avalon pointed 1/2 there miners at his pools but it looks like avalon has left his pool some weeks ago, no ide why that is the case.

The lower price of bitcoin that we have seen recently should of course be a great time for graet to move some IRL assets into BTC if he wants to clear a large part of his btcloan debt, the mentioned 200 000 dollars would have bought around 667 BTC @ 300 usd/btc and if he had a buyorder at btc-e back earlier this year when it dropped down to even lower level he could possibly have BTC assets of well over 1000 btc, maby even over 1500 btc(if he managed to save the remaining 500 btc stockassets from btct.co/Bitfunder) by now, but i guess its a matter on how he have prioriticed things and what actions he has taken to fix his BTC debt problem.

does your meaning is graet is still have ability to repay the debt?

Depending on what actions Graet has taken the last year when it has been very little heard from him, he should at least be in a position to repay a large part of his debts if/when he wants to.

The 200 000$ fiat assets that was mentioned that he had a year ago has on a number of occations when the price has dropped on specific exchanges or in general to the 350/300/250 or even 200 usd/btc level in the last years time, it has been possible to buy between 570 and 1000 btc with.

If he managed to save some of the 500 btc stocks values he had after the stockexchange crashed 2013 or even increase it since then he may have 500-1000 btc more from that.

Recently, in August/September his miningpool had incomes of over 80 btc, as he dident pay out the 1% / <20 btc that he promised to do back then one wounders what else he did with those 80 btc, if he saw the coming drop and moved it to fiat at that 650 usd/BTC level and rebought later at 300/350 usd/btc those 80 btc alone could be doubled to 160 btc by now.

If he actively have been trading on the market or invested his fiat/BTC assets wisely he could of course have profited several hundreds BTC or even in the region of thousend(s) BTC since a year ago to.

So all in all it wouldent be unresonable to think that Graet very well can have btc assets in the regions of 1000-3000 btc by now if he have actively been trying to gain more btc the last year. If that is the case it would then be the equivalent of 51.5% - 154.6% of the 1940,06 btc his debt was almost a year ago when he stopped paying dividends on the Bitfunder platform the stock then was listed at.