The above quotes were with reference to BS&T, but I don't expect people to bother to differentiate, and I also expect that you did have your moment of happiness when Pirate disappeared.

Yes, I've seen that.  I have no intention of fanning the flames over there.  I find it interesting that one of the replies commending the accusation is someone I've never dealt with.  I did also note that there is a claim that the coins haven't moved, which shows someone doesn't know how to view the block chain.  That account is being paid back on the same basis as everyone else.

Note to BorderBits: Try harder, that's neither an effective troll or humour.  Micon was better.

I have a pm from you and that's it - you provided no details.  I'm not paying an unknown amount to an unknown address from someone that I don't know if they actually purchased any bonds.  On that basis, I could say it's done - but it's not.

That was also helped by the closely interrelated nature of the businesses - cascading collapse.  It remains a significant risk in the world economy currently.

As you note, something similar happened in bitcoin, but rather than simply having a bunch of people lying about what they were doing with coins and loans, there were also those that were simply dishonest, and the diversification into other assets saw a fair share of failures (uncorrelated) and then chronic illiquidity (correlated events).  What has become obvious - in hindsight - is that the average level of honesty just isn't high enough.  That's without the scams, thefts, hacks and other crap that goes on.

Yes, you're happily in that list.

Updated list @ https://bitcointalk.org/index.php?topic=61262.msg981017#msg981017

With GLBSE it's own little fiasco, and having stopped taking on productive loans a couple of months ago, it is no longer sensible or appropriate to accrue interest.  Everyone is on the same payout formula.

Found another borrower indirectly exposed to BS&T and have arranged for their repayment (300BTC) to be delayed another month.
jme621, despite his claim to the contrary, has not made any further contact in the last month
There are still a few good people making their regular scheduled payments, but they remain the minority in BTCland

For the avoidance of doubt, PPT is closed.  The claim process via GLBSE is no longer possible and in excess of 85% of bonds have been paid mostly at full value via market trades, and a lesser amount via the insurance scheme.

Correct - will update it again this week.

I last had contact from Jamie on 29Sept.  Not sure what he's been doing, but sounds like he's not making any progress.

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i am mining, i dont have the rigs i used to so it will take longer, and i am paying back people in order i got the loans from. once i have enough to pay off one person, i will move on to the next. this is and always has been my backup plan as i stated before, if/when pirate should ever payoff, i have enough coins there to cover all loans, but unitl/if that happens, it will be a slow process.

I was being lazy yesterday, and I didn't think that much had happened during the past week, but I'll knock one out this afternoon.

Weekly returns paid: 0.6920% for the week (last week was 0.5979%).

Yes, payments have been processed and sent.

Also, I was not providing advice - the OP was a collection of information and links to save some people the time and effort of sifting through all of the rubbish that was around some months ago.  It was stated again and again that people should do their own research. 

As a related note, I read with interest a recent rating for a local mobile carrier.  The parent company was rated badly (B-), and their US370M of bonds much worse (CCC+ down to CCC).  S&P had no qualms at downgrading something they had previously rated higher.

I did start work on something a while ago, but found the person I was dealing with was a bit dodgy and wasn't actually doing anything.  Then I had to concentrate on some bigger issues so dropped it.

no

If you bothered to read the OP, you'll see that those ratings are months old.  Enron had a good rating, until they crashed and burned.  So do various countries - ratings are (and always have been) a historical view at a point in time.  - and it was a simple 0-6 score, so those that want to compare RaboBank to Bitcoin are equally misguided.  Ziggy and co rated 5 out of 6 in bitcoin means they had reasonable capacity to pay at the time.  However, any half-arsed attempt at looking at what their "high risk" bonds (fonds) were doing would have avoided them for their lower risk offerings - they said they were investing in Pirate to achieve those results.

Table of balances updated at https://bitcointalk.org/index.php?topic=61262.msg981017#msg981017

I'm still curious why people that are recently registered and have little real knowledge continue to scour these threads, unless it is simply for entertainment, or they are a sock-puppet for someone else - there are a few that have turned up.  The usual insults and speculation from the likes of Joel is rather ho-hum.  And the myopia for the last decade of US economics is also a bit tedious, but then reading textbooks is quite a bit different from having your own money at risk.

Although unlikely for most people browsing, I'll go back to being on-topic.

Going off topic, the analysis of the US stock markets that suggest they out perform bank deposits is also massively skewed by the start time.  During the 1920's and 1930's there were some huge movements.  If you started from 1950 (say) you get quite a different result.  Also, you need to really compare those returns against something like treasury bonds to account for the underlying (approximation) of risk free rate.

This link has some interesting observations about the long-flat periods  http://observationsandnotes.blogspot.co.nz/2008/10/100-years-of-stock-market-history.html

Still, holding a bucket of stocks like ArthurAnderson, Enron, MCIWorld would have seen some great paper returns (until the fraud crashed them).  More recently AIG, (insert name)-investment bank, and GM probably should have been left to fail.  Still, there are some other darlings of the markets that are based on niche technology and hype which could fall from grace much faster than their ascendancy.


And, the reference I was looking for earlier: http://articles.marketwatch.com/2012-10-10/investing/34350951_1_fund-managers-active-managers-stock-funds
In the five years through June, the study reported, slightly fewer than one-third of domestic equity funds beat the total return of the Standard & Poor’s 1500 index.

It was a recent article I read and I've hunted for it since I read it because it was so startling - I was surprised it was that terrible (I'll hunt for it again).  I knew most funds made the owners quite wealthy even with a 1% fee, but the after tax (real, not nominal) returns for many people is negative.