Quote from: Gleb Gamow on December 10, 2015, 03:30:58 AM

Quote from: johnyj on December 10, 2015, 03:22:25 AM

Quote from: TibanneCat on December 09, 2015, 02:25:47 AM

That's quite an interesting read, more detailed than Wired

So apparently Craig sold 1.1 million BTCs back in Sept 2011 for $100,000 and was trying to form a secret Bitcoin trust in the Seychelles
https://www.documentcloud.org/documents/2644014-Tulip-Trust-Redacted.html

It seems the numbers and values of bitcoin at that time did not match: In september 2011, 1 million BTC worth more than 5 million dollar. And you really can not do a lot with 100K dollar in a trust

And by looking at such a contract you will feel sad that no matter how secure bitcoin is, you still can not trust another person without a contract and the protection of law enforcement. Maybe that's why he want to write all these in to blockchain, but then the problem is who is going to enforce it without law enforcement?

Recall, it's a Tulip Trust with $100K in bulbs, so it's when they bloom where the big bucks are made.

I hope there is a liquidation sale. I could use a good deal to fill in some plots around my castle.

mrdavis

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