Will btcmax get an exception to the max-5000 BTC rule? I am guessing he is entrusted with more than 5000 BTC by btcmax.com users.
Some clarification as to how this affects the pass-through schemes would be welcome. 
Topic: Bitcoin Savings and Trust | Home | Closed - page 15. (Read 802102 times)
Will btcmax get an exception to the max-5000 BTC rule? I am guessing he is entrusted with more than 5000 BTC by btcmax.com users.
EDIT: Of course I mean bitcoinmax.com
EDIT: Of course I mean bitcoinmax.com
- Changes effective 8/01/2012
- Fixed Interest Rate: 3.9%
- Minimum: 100 BTC
- Maximum: 5000 BTC
Weekly interest rate right?
Yes
Bitcoin Savings & Trust | www.BTCST.com | Storage Demand: Low
This thread is for general discussion, questions, comments and suggestions. Service alerts and updates are posted on this thread.
Savings Account - All savings accounts are changing on 08/01/2012. (see below)
Savings accounts are maintained by BS&T directly and pay interest on the average balance.
This thread is for general discussion, questions, comments and suggestions. Service alerts and updates are posted on this thread.
Savings Account - All savings accounts are changing on 08/01/2012. (see below)
Savings accounts are maintained by BS&T directly and pay interest on the average balance.
- Changes effective 8/01/2012
- Fixed Interest Rate: 3.9%
- Minimum: 100 BTC
- Maximum: 5000 BTC
Noooooooooo
- Changes effective 8/01/2012
- Fixed Interest Rate: 3.9%
- Minimum: 100 BTC
- Maximum: 5000 BTC
Weekly interest rate right?
NOOOOOOOOO! Not lower rates. Somebody generate extra business for pirate to keep this party rolling!
youch... those are some nasty rate cuts in the OP.
Security Alert
This morning one of my lenders forum account was compromised. The attacker attempted to withdraw coins from his BS&T account, claiming his wallet was stolen and gave me a new address. As most of you know this type of attack doesn't work since you can't just change a withdraw address.
The sharks are swarming, stay safe out there.
-pirate
This morning one of my lenders forum account was compromised. The attacker attempted to withdraw coins from his BS&T account, claiming his wallet was stolen and gave me a new address. As most of you know this type of attack doesn't work since you can't just change a withdraw address.
The sharks are swarming, stay safe out there.
-pirate
Well done!
Any changing of withdrawal address should require multiple levels of authentication. One idea might be to authorize also on btcst.com.
Security Alert
This morning one of my lenders forum account was compromised. The attacker attempted to withdraw coins from his BS&T account, claiming his wallet was stolen and gave me a new address. As most of you know this type of attack doesn't work since you can't just change a withdraw address.
The sharks are swarming, stay safe out there.
-pirate
This morning one of my lenders forum account was compromised. The attacker attempted to withdraw coins from his BS&T account, claiming his wallet was stolen and gave me a new address. As most of you know this type of attack doesn't work since you can't just change a withdraw address.
The sharks are swarming, stay safe out there.
-pirate
Correct me if I'm wrong, pirate.
I believe one of the proper ways to change a withdrawal address is to go on IRC, auth and then request the address change, if you use IRC.
That only works if I've traded or worked with you in the past. New accounts, would require an additional step.
Security Alert
This morning one of my lenders forum account was compromised. The attacker attempted to withdraw coins from his BS&T account, claiming his wallet was stolen and gave me a new address. As most of you know this type of attack doesn't work since you can't just change a withdraw address.
The sharks are swarming, stay safe out there.
-pirate
This morning one of my lenders forum account was compromised. The attacker attempted to withdraw coins from his BS&T account, claiming his wallet was stolen and gave me a new address. As most of you know this type of attack doesn't work since you can't just change a withdraw address.
The sharks are swarming, stay safe out there.
-pirate
Correct me if I'm wrong, pirate.
I believe one of the proper ways to change a withdrawal address is to go on IRC, auth and then request the address change, if you use IRC.
Security Alert
This morning one of my lenders forum account was compromised. The attacker attempted to withdraw coins from his BS&T account, claiming his wallet was stolen and gave me a new address. As most of you know this type of attack doesn't work since you can't just change a withdraw address.
The sharks are swarming, stay safe out there.
-pirate
This morning one of my lenders forum account was compromised. The attacker attempted to withdraw coins from his BS&T account, claiming his wallet was stolen and gave me a new address. As most of you know this type of attack doesn't work since you can't just change a withdraw address.
The sharks are swarming, stay safe out there.
-pirate
Turn, turn !!
No better way to reaffirm that the souvereign central bank of bitcoin is just fine, payouts will be made, nobody jumps ship........long live the captain!! 
Thanks for all the singlefooted balett ... and all the pirouettes to come
Zyk
Are you from the nineteenth century, or am I still groggy from the rum? Thanks for all the singlefooted balett ... and all the pirouettes to come
Zyk
i loled
Do a lot of mouthing about imaginary investment opportunities irl or at the irl/btc interface that somehow magically net you what no business in the ~1000 years of business history ever made and each hyip in the ~10000 years of hyip history always claimed.
Sure, if you want to kill the golden goose. There is movement of capital flow into the Bitcoin system; without that, wealth is confined to an isolated environment and what you describe would be the most likely scenario. The USD is an isolated environment of sorts and therefore instead of wealth transfer from external pools into the USD, the proportion of ownership changes.
In a system as small as Bitcoin's any Ponzi scheme would quickly reach its zenith - in isolation. Even if Pirate is running such a scam, external flows from USD and other sources can keep the game going for a very long time. I would only be concerned if capital inflows into the Bitcoin system remain unchanged or decrease and the rates of return fail to decline somewhat over the next 12-18 months.
Right now, a relatively small amount each week (~$250,000) is necessary to maintain the exchange value of Bitcoin at the current base inflation rate of ~25-30%. There's plenty of room to grow with a global pool in the hundreds of trillions of dollars in search of proportion increase potential.
Pirate, your avatar turned 45 degrees counter-clockwise this week. Is this some kind of countdown and when we see your back we know you sailed north with all our coins? 
You WIN!.
I was waiting for the first person to notice.
50 BTC have been added to your account.
Enjoy,
That was a bit... random.
"Hey, guys! I have so many spare Bitcoins that I'll toss 50 to the lucky winner of the secret-whats-different-about-my-avatar-contest!"
Jelly?
No better way to reaffirm that the souvereign central bank of bitcoin is just fine, payouts will be made, nobody jumps ship........long live the captain!!
Thanks for all the singlefooted balett ... and all the pirouettes to come
Zyk
Are you from the nineteenth century, or am I still groggy from the rum? Thanks for all the singlefooted balett ... and all the pirouettes to come
Zyk
No better way to reaffirm that the souvereign central bank of bitcoin is just fine, payouts will be made, nobody jumps ship........long live the captain!!
Thanks for all the singlefooted balett ... and all the pirouettes to come
Zyk
Thanks for all the singlefooted balett ... and all the pirouettes to come
Zyk
Who said life is fair?
Pirate, your avatar turned 45 degrees counter-clockwise this week. Is this some kind of countdown and when we see your back we know you sailed north with all our coins?
You WIN!.
I was waiting for the first person to notice.
50 BTC have been added to your account.
Enjoy,
That was a bit... random.
"Hey, guys! I have so many spare Bitcoins that I'll toss 50 to the lucky winner of the secret-whats-different-about-my-avatar-contest!"
Ya! Give some to me!
Pirate, your avatar turned 45 degrees counter-clockwise this week. Is this some kind of countdown and when we see your back we know you sailed north with all our coins?
You WIN!.
I was waiting for the first person to notice.
50 BTC have been added to your account.
Enjoy,
That was a bit... random.
"Hey, guys! I have so many spare Bitcoins that I'll toss 50 to the lucky winner of the secret-whats-different-about-my-avatar-contest!"
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