I know it's a small thing but if you want people to invest trust you cannot have spelling mistakes.
Topic: Bitcoin Credit Union (Read 9390 times)
"BCCU is a community driven bank that runs itself, secures your finances, pays you for keeping a balance and gives everyone the oppertunity opportunity to be the Board Director of their very own bank."
I know it's a small thing but if you want people to invest trust you cannot have spelling mistakes.
I know it's a small thing but if you want people to invest trust you cannot have spelling mistakes.
So Sentry.... did you run off with all our funds? I can't get to bitcoincu.org or the original url. Hopefully you're just working on something. Please give us a status update.
so that was the last of it? a few promises followed but the current status sounds like there were deposits made but then not returned?
Tried a few loans to test it, and improve my rating, just a few bitcents.
did a loan, and once I had paid enough, the ability to take out a loan opened up again.
took out a larger loan, and I think i've over paid it, but I still cant take out a new loan.
would be nice to see the loan/investment balance on that page.
did a loan, and once I had paid enough, the ability to take out a loan opened up again.
took out a larger loan, and I think i've over paid it, but I still cant take out a new loan.
would be nice to see the loan/investment balance on that page.
How you will make people pay back the loan?
The key (which has been an underlying principle of the CU movement for over a century) is that the members are connected by a common bond. Thus, if you default on a loan from an institution that you and the peers whose respect you value cooperatively own, you will be forced to deal with the stigma of essentially stiffing your friends/co-workers/project collaborators, etc. Thus, a member of a credit union with a tight common bond can often be expected to go above and beyond in attempting to pay off their debts in order to avoid the judgment of others...
Also, loans are distributed among members who choose to invest in the loan so that it is less of a risk to everyone. This, with a trust system built into the site let others know your trust rating, giving the investors an idea of the risk they are taking when they invest in a loan.
How you will make people pay back the loan?
The key (which has been an underlying principle of the CU movement for over a century) is that the members are connected by a common bond. Thus, if you default on a loan from an institution that you and the peers whose respect you value cooperatively own, you will be forced to deal with the stigma of essentially stiffing your friends/co-workers/project collaborators, etc. Thus, a member of a credit union with a tight common bond can often be expected to go above and beyond in attempting to pay off their debts in order to avoid the judgment of others...
How you will make people pay back the loan?
I think most people are thinking of the site in terms of as it is now, instead of how it will be when it goes live. Most suggestions I hear is get a domain and SSL, well I have both but I am working on the site continuouslly and have it locally for development reasons. It's much easier just to save a file and reload the page rather than having to upload to a server constantly. So yes, a domain is coming and actually already works (http://bitcoincu.org), SSL is on hold untill I move to a permanent server.
My question about the forums is meant to be for the site in general, do the members want to have any kind of community between themselves or should it be a blind system. Ignore the fact that I have no reputation, and people dont know if the union is going anywhere, to me it seems like a moot point.
My question about the forums is meant to be for the site in general, do the members want to have any kind of community between themselves or should it be a blind system. Ignore the fact that I have no reputation, and people dont know if the union is going anywhere, to me it seems like a moot point.
I think most people would prefer to keep communication here until the union is well established, and any reputation questions are worked out.
Something I have been thinking about, should the credit union have its own forums for members to communicate?
It's a wonderful idea. However, Here are 2 suggestions:
1)get a domain name. This will establish more trust in the union and
2)get HTTPS certified.
judging by the site, it looks promising. It still has some ways to go. I hope it will work out very well.
1)get a domain name. This will establish more trust in the union and
2)get HTTPS certified.
judging by the site, it looks promising. It still has some ways to go. I hope it will work out very well.
I am just about to launch an options market which will help with some of this. I'm updating my thread daily right now, it may launch today even (! Fingers crossed!)
Finally!
I am just about to launch an options market which will help with some of this. I'm updating my thread daily right now, it may launch today even (! Fingers crossed!)
I really like your project, but seemly it is not working.
What we need to do to make it work properly?
What we need to do to make it work properly?
Time. I'm doing this in my free time between work and family life, don't worry though I have no intentions of giving up on this.
Heres an update, earlier I fixed a bug with the account transfers and I discovered an issue loan payments. Working on that currently. Also, I've created a twitter account to let you guys know whats happening.
http://twitter.com/#!/BitcoinCU
Make a successful futures market so that people can pay insure their loans against currency fluctuations...
I really like your project, but seemly it is not working.
What we need to do to make it work properly?
What we need to do to make it work properly?
How much was invested into this project so far, anyone know?
By me, or the users? Its not too much, the wallet is at 11.50.
How much was invested into this project so far, anyone know?
No, everything is fine. Real world events has cause me to move to a different state. Getting the site back up has been my priority and I'm also sorry you guys had no warning but I didn't really have any warning myself. My move is still going on so the site may be up and down. I'm sorry if I've lost trust because of all this but the best I can do is tell you I would never just take your money and run, financially it makes more sense to see this through as I also have an idea for my next project which ties into the savings accounts.
Anyway, sorry for the panic.
Anyway, sorry for the panic.
So Sentry.... did you run off with all our funds? I can't get to bitcoincu.org or the original url. Hopefully you're just working on something. Please give us a status update.
Bitcoin is coming closer and closer to Eve Online every day.
This is why I wasn't going to put coins into there: Sentry didn't have a good enough reputation to trust him. Additionally, I haven't seen any contact information.
-Garrett
-Garrett
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