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Topic: [2015-10-21]Bsave to Launch the Next Generation of Bitcoin Savings (Read 982 times)

newbie
Activity: 45
Merit: 0
Mine is also working fine. Try this URL to login.
https://bsave.io/oauth.php?provider=coinbase
newbie
Activity: 2
Merit: 0
i signed up and threw $25 USD worth of BTC into my account. after my first interest payout of 6 bits... My account is gone... Unable to Sign in, recover forgotten password or recover user name. My account is just gone. * * *

Mine is working fine.  I signed up via Coinbase originally, and if already logged into Coinbase, BSave logs right in. 

If you go to www.bsave.io it gives you access to the website with info to contact them.  They have been pretty responsive to questions and issues. (But, if you go to "bsave.io" without the "www," it takes you to the login page only.)
newbie
Activity: 2
Merit: 0
Interesting, this is something that would interest a lot of people who have coins just sitting around.  A good point mentioned above me is where will the money come for the interest? this will need to be explained before they can be taken seriously as this is a very important point, will sign up for the updates.

I communicated with Jonathan Azeroual, CEO/co-founder at BSave, with many of these questions a few days ago.  I wasn't going to join their early beta without something more than what's in their metatags.

He says they are generating income by margin lending.  That's a fairly safe investment, as I do that already (because margin traders deserve to have others make money off of their lunacy).  I don't yet know what platforms they are lending on.  Funds are basically distributed based amount/time invested.  Of course BSave takes their cut of the income before distribution.  Apparently interest was healthy early this month due to market volatility, but is now around 3%, but projections are near impossible at this stage.

They say they don't have much info online because it's a private beta test and they're looking for first impressions and bug reports by users. (They pay a small bounty reward for bug spotting.)

So I'll be throwing a small amount into the pot and beta test it and call it contributing to the community ... or something.

legendary
Activity: 1442
Merit: 1016
Interesting, this is something that would interest a lot of people who have coins just sitting around.  A good point mentioned above me is where will the money come for the interest? this will need to be explained before they can be taken seriously as this is a very important point, will sign up for the updates.


That's the point. Without any detailed informations how this should work it's not more than just talk.
I think I will sign up to keep updates as well. But for now I'm not expecting that much.Let's see how things develop.
sr. member
Activity: 428
Merit: 250
Any info on where money for paying interest comes from?

No information aobut that. I know Haobtc pays 6-12% interest rate. It has a profitable mining operation. It has 10PH/s hashing power.
legendary
Activity: 1848
Merit: 1000
Interesting, this is something that would interest a lot of people who have coins just sitting around.  A good point mentioned above me is where will the money come for the interest? this will need to be explained before they can be taken seriously as this is a very important point, will sign up for the updates.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
Their business model is not clear at all.
If this scheme was advertised here - daily interest rate payouts, alternate investment strategy, etc., it would receive negative feedback very quickly.  Grin
newbie
Activity: 45
Merit: 0
Any info on where money for paying interest comes from?
sr. member
Activity: 336
Merit: 251
Just checked their site at https://www.bsave.io/lp/ to see if there are any information on the rates they plan to offer but no information available yet, just an option to sign up for updates.

The first thing that comes to mind is security of having all your 'savings' based online. See they will be making use of Coinbase and as far as I know Coinbase does offer insurance so this might be a viable way to earn interest on all those 'parked' coins.

Quote
BSAVE users begin to accrue competitive interest within the first minute of transferring Bitcoins to their BSAVE savings account. At the end of each 24H period, the company is expecting to offer daily interest automatically credited to the users Coinbase wallet. The full amount of Bitcoins will be always available if the user wishes to withdraw funds with no financial penalties.
legendary
Activity: 1596
Merit: 1027
London-based Startup Receives Seed Investment to Launch Next Generation of Bitcoin Savings

BSAVE, a London-based startup is trying to introduce a new platform that enables users to profit directly from their bitcoin holdings. The startup just received a $400k Seed investment to start developing profitable saving solution suitable for both short-term and...

continue to read:

http://www.newsbtc.com/2015/10/21/london-based-startup-receives-seed-investment-to-launch-next-generation-of-bitcoin-savings/
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