[ANN] Earn interest on your bitcoins! CoinLenders pays out interest on deposits. - page 3.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on April 10, 2013, 09:00:52 PM

CoinLenders currently pays 0.51% / week compound interest (paid daily, prorated) - that's more than 30% APR on personally insured deposits. Although in case of a massive default I will make every attempt to pay everyone back including from my personal assets, it is not a FDIC insured bank and don't put more coins than you're willing to lose there.

Your coins would be used for funding low risk loans (aka not the typical btcjam crap), and other bitcoin denominated investments.

For more info, see this page!

This is just another Pirateat40 scam!

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

[facepalm]

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on April 10, 2013, 09:00:52 PM

CoinLenders currently pays 0.51% / week compound interest (paid daily, prorated) - that's more than 30% APR on personally insured deposits. Although in case of a massive default I will make every attempt to pay everyone back including from my personal assets, it is not a FDIC insured bank and don't put more coins than you're willing to lose there.

Your coins would be used for funding low risk loans (aka not the typical btcjam crap), and other bitcoin denominated investments.

For more info, see this page!

This is just another Pirateat40 scam. What business experience does he have?

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Update:

New security feature implemented - your password is now also hashed on the client side via JavaScript before it is sent over HTTP. Some guy with WireShack won't be able to sniff the plaintext

Quite late here, I will expand it later to use time specific salts to thwart replay attacks, but now this should do.

starsoccer9

legendary

Activity: 1630

Merit: 1000

okay I didnt mean to stir up trouble I will contact you privitely

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Do you think I won't be asking for ID if you haven't told me about this idea even through I've being doing it since 2012?

If you have an issue with it, please let me know in private, not trying to stir up drama.

dance4x

full member

Activity: 143

Merit: 100

Quote from: starsoccer9 on April 19, 2013, 05:24:15 AM

agreed, it was my fault for having faith or any trust in such a scummy person

who is the scummy person and why are they scummy?

starsoccer9

legendary

Activity: 1630

Merit: 1000

agreed, it was my fault for having faith or any trust in such a scummy person

stephwen

member

Activity: 83

Merit: 10

Quote from: starsoccer9 on April 18, 2013, 05:42:46 AM

deposited 1btc. Guess ill wait and see what happens.

Also I didnt get you thank you for stealing my idea that I told you about

An idea is worth nothing. Execution is everything. Wink

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

BTCJAM already does it, and I've being doing ID checks before you told me about this idea. It's also being a month.

starsoccer9

legendary

Activity: 1630

Merit: 1000

deposited 1btc. Guess ill wait and see what happens.

Also I didnt get you thank you for stealing my idea that I told you about

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Update:
Server issue fixed. Nothing was compromised (user error on my part, viewing control panel for old server), but it's good to be sure

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

If you were having any issues confirming your account (through the link), please try to activate your account again.

Let me know if you have any issues.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: theGECK on April 13, 2013, 04:55:22 PM

I realize you've only been open 3 days now, but have any loans been made yet? When loans are made, are they going to be private, or public (at least on an address basis)?

It has being open for longer (only started paying interest 3 days ago). - check this thread https://bitcointalksearch.org/topic/closed-coinlenders-159359

Quote from: Chris Acheson on April 13, 2013, 01:48:35 PM

Can you tell us more about yourself? Real name, location, picture, etc? Can you give specific examples of what kinds of things you invest in that would justify 30% yearly interest on bitcoin deposits (which already appreciate at a fairly ridiculous rate on their own)?

Yup, please check out btcinvest's reports on how it earns ~30% yearly (even when 1/3 of the coins were tied up in the Bakewell scam).

Putting money in a bank and buying BTCBONDS isn't going to get you a large return, but actual investing/trading (for example, buy ASICMINER at 0.5 which I did limited by my funds, now ~~50%~~ >100% return in a few months).

theGECK

sr. member

Activity: 411

Merit: 250

I realize you've only been open 3 days now, but have any loans been made yet? When loans are made, are they going to be private, or public (at least on an address basis)?

Chris Acheson

sr. member

Activity: 266

Merit: 251

Can you tell us more about yourself? Real name, location, picture, etc? Can you give specific examples of what kinds of things you invest in that would justify 30% yearly interest on bitcoin deposits (which already appreciate at a fairly ridiculous rate on their own)?

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Quote from: 🏰 TradeFortress 🏰 on April 13, 2013, 10:38:38 AM

3. Your style of sig looks familiar Wink

Bingo! *wink*
Yours' are attractive

and we found a loser on SatoshiOption~~

keatonatron

sr. member

Activity: 308

Merit: 250

Jack of oh so many trades.

Quote from: starsoccer9 on April 11, 2013, 06:20:00 AM

By this I mean if 50 users deposit a total of 100coins then you should give escrow 100coins in the case of a defunct.

Good idea in theory, but if he already has the coins why would he need to borrow them from people? The point of letting people invest is that he needs the extra coins to make it work. If he has to put just as many into escrow as he is getting, then his total pool available to work with doesn't increase in size and there's nothing to invest in!

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Hi Casper,

1. Yup! I already do reports for btcinvest twice every month, and for coinlenders I plan on having reports once a month or so. I am not disclosing my own personal financial information, because, well, it's private.
2. No. When our capital grows bigger a smaller portion of it would be taken up by loans, I'd start funding larger projects & invest on a larger scale, along with lowered interest rates offered.

If it ever gets to a point where I am holding a ridiculous amount of coins then I'd keep pushing the interest rate down so I get to pay less interest and have an amount of funds that I can insure.

3. Your style of sig looks familiar Wink

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Hi Glados, nice to meet you again, just a few questions.
1:Will you have financial reports of the system to show the financial status of your site or yourself?
2:Is there a maximum deposit amount?

Casper

Topic: [ANN] Earn interest on your bitcoins! CoinLenders pays out interest on deposits. - page 3. (Read 32935 times)