In any case, since Bitcoinmax is the largest PPT by far, it should ask a better treatment from Pirate IMHO.
4.9% a week is still insanely great. I think we should be happy and not be sniveling over ~5% a week. 
Topic: [BitcoinMax.com] Closed - page 65. (Read 190275 times)
Oh look, lower interest rates. This should shut those ponzi folks up... the ones yammering about 7% not going to last for one year. It sure didn't, but pirate still isn't running a ponzi 
In any case, since Bitcoinmax is the largest PPT by far, it should ask a better treatment from Pirate IMHO.
While I agree that 7% wasn't sustainable, giving his larger passthru's the option of more interest for only withdrawing once a week would give him stability, and let people keep their higher return. It looks like his problem was stability, if bitcoinmax can offer that, why not keep it at the current rate? Deposits at bitcoinmax would skyrocket.
Not nessecariy... I prefer the ability to get at my coins. Iwoulld almost certainly withdraw if that change were made. I can see this as well. What if the price of coins fell through the floor, etc? So, I guess I would say that "some" would want that for the interest/greed position. Others would want more liquidity, such as you suggest. I'm on the fence, but 4.9% is pretty good too.
Who knows, maybe pirate wants to scale down his operation as well
This way he doesn't have to force people to withdraw as he did in the past, but instead let nature take it's course
While I agree that 7% wasn't sustainable, giving his larger passthru's the option of more interest for only withdrawing once a week would give him stability, and let people keep their higher return. It looks like his problem was stability, if bitcoinmax can offer that, why not keep it at the current rate? Deposits at bitcoinmax would skyrocket.
Not nessecariy... I prefer the ability to get at my coins. Iwoulld almost certainly withdraw if that change were made. I can see this as well. What if the price of coins fell through the floor, etc? So, I guess I would say that "some" would want that for the interest/greed position. Others would want more liquidity, such as you suggest. I'm on the fence, but 4.9% is pretty good too.
While I agree that 7% wasn't sustainable, giving his larger passthru's the option of more interest for only withdrawing once a week would give him stability, and let people keep their higher return. It looks like his problem was stability, if bitcoinmax can offer that, why not keep it at the current rate? Deposits at bitcoinmax would skyrocket.
Not nessecariy... I prefer the ability to get at my coins. Iwoulld almost certainly withdraw if that change were made.
While I agree that 7% wasn't sustainable, giving his larger passthru's the option of more interest for only withdrawing once a week would give him stability, and let people keep their higher return. It looks like his problem was stability, if bitcoinmax can offer that, why not keep it at the current rate? Deposits at bitcoinmax would skyrocket.
Or just be happy with the 5% a WEEK that is on offer.....
7% was never sustainable.... 5% isn't either, so be prepared for lower rates in the future
Just thought this deserved more attention. Even pirate himself said that his business wouldn't work forever.... Be happy with what you have. 7% was never sustainable.... 5% isn't either, so be prepared for lower rates in the future
Or just be happy with the 5% a WEEK that is on offer.....
7% was never sustainable.... 5% isn't either, so be prepared for lower rates in the future
7% was never sustainable.... 5% isn't either, so be prepared for lower rates in the future
you should offer pirate to only withdraw together with interest payments in return for a special rate 
Thanks payb.tc. Work your magic!
hi everyone, i'm not one of those that live on IRC (even though i probably should), so i haven't had a chance to confirm yet.
i'll try and give as much notice as i can though if there has to be a change.
i'll try and give as much notice as i can though if there has to be a change.
we have to wait for official info from payb.tc 
speculating cant help 
speculating cant help I'm assuming we're at 5%.
As to speculating it's the lifeblood of this place.
we have to wait for official info from payb.tc speculating cant help
speculating cant help Plus, that doesn't mean all the passtrough will get lower rate
yes, most likely the pass throughs will indeed be affected.The highest trust account listed (25k+) is listed @ 5%
Sure, but 5% is already very very good. Plus, that doesn't mean all the passtrough will get lower rate
Ha, well, I don't want to be on the losing end of that deal, especially since I never make any withdrawals that aren't interest
. I'm just starting to make good money now. Those rate changes were posted back in July, originally intended to take effect August 1st. I see nothing changed other than it got pushed back twice (once from Aug 1 -> 14, now from Aug 14 -> 20). Back in July paybt.c confirmed that BitcoinMax would remain 6.9% though. Interested to hear if something has changed behind the scenes though (like pirate no longer offering premium rates to the older & larger passthroughs).
No the rates were just revised lower today.
For those of you who do not live on IRC, here is an excerpt from the man himself:
Quote
[11:42:38] Why the short notice Pirate
[11:44:47] <@pirateat40> hashking, I tried to hold off thinking the operating wallets would balance out but they haven't fast enough so Im having to hold more reserves which is eating into my profit margin.
[11:46:23] <@pirateat40> Its a stability thing, its getting harder and harder to predict when coins will come in and go out.
[11:46:49] i see
[11:46:51] <@pirateat40> So I'll have times when im holding too many coins in op wallets and move some over and then get a flood of withdraws.
[11:47:12] could you just lock it so we can only take out on mondays or someting?
[11:47:34] <@pirateat40> Yea, but i hate limiting people moving funds.
[11:44:47] <@pirateat40> hashking, I tried to hold off thinking the operating wallets would balance out but they haven't fast enough so Im having to hold more reserves which is eating into my profit margin.
[11:46:23] <@pirateat40> Its a stability thing, its getting harder and harder to predict when coins will come in and go out.
[11:46:49]
[11:46:51] <@pirateat40> So I'll have times when im holding too many coins in op wallets and move some over and then get a flood of withdraws.
[11:47:12]
[11:47:34] <@pirateat40> Yea, but i hate limiting people moving funds.
Shit. I really wish he'd just limit withdrawals to mondays, or else offer CDs for set terms. I'd bet I'm not the only one willing to trade liquidity for interest, either.
Sure, but 5% is already very very good. Plus, that doesn't mean all the passtrough will get lower rate
Those rate changes were posted back in July, originally intended to take effect August 1st. I see nothing changed other than it got pushed back twice (once from Aug 1 -> 14, now from Aug 14 -> 20). Back in July paybt.c confirmed that BitcoinMax would remain 6.9% though. Interested to hear if something has changed behind the scenes though (like pirate no longer offering premium rates to the older & larger passthroughs).
No the rates were just revised lower today.
For those of you who do not live on IRC, here is an excerpt from the man himself:
Quote
[11:42:38] Why the short notice Pirate
[11:44:47] <@pirateat40> hashking, I tried to hold off thinking the operating wallets would balance out but they haven't fast enough so Im having to hold more reserves which is eating into my profit margin.
[11:46:23] <@pirateat40> Its a stability thing, its getting harder and harder to predict when coins will come in and go out.
[11:46:49] i see
[11:46:51] <@pirateat40> So I'll have times when im holding too many coins in op wallets and move some over and then get a flood of withdraws.
[11:47:12] could you just lock it so we can only take out on mondays or someting?
[11:47:34] <@pirateat40> Yea, but i hate limiting people moving funds.
[11:44:47] <@pirateat40> hashking, I tried to hold off thinking the operating wallets would balance out but they haven't fast enough so Im having to hold more reserves which is eating into my profit margin.
[11:46:23] <@pirateat40> Its a stability thing, its getting harder and harder to predict when coins will come in and go out.
[11:46:49]
[11:46:51] <@pirateat40> So I'll have times when im holding too many coins in op wallets and move some over and then get a flood of withdraws.
[11:47:12]
[11:47:34] <@pirateat40> Yea, but i hate limiting people moving funds.
Shit. I really wish he'd just limit withdrawals to mondays, or else offer CDs for set terms. I'd bet I'm not the only one willing to trade liquidity for interest, either.
Those rate changes were posted back in July, originally intended to take effect August 1st. I see nothing changed other than it got pushed back twice (once from Aug 1 -> 14, now from Aug 14 -> 20). Back in July paybt.c confirmed that BitcoinMax would remain 6.9% though. Interested to hear if something has changed behind the scenes though (like pirate no longer offering premium rates to the older & larger passthroughs).
No the rates were just revised lower today.
For those of you who do not live on IRC, here is an excerpt from the man himself:
Quote
[11:42:38] Why the short notice Pirate
[11:44:47] <@pirateat40> hashking, I tried to hold off thinking the operating wallets would balance out but they haven't fast enough so Im having to hold more reserves which is eating into my profit margin.
[11:46:23] <@pirateat40> Its a stability thing, its getting harder and harder to predict when coins will come in and go out.
[11:46:49] i see
[11:46:51] <@pirateat40> So I'll have times when im holding too many coins in op wallets and move some over and then get a flood of withdraws.
[11:47:12] could you just lock it so we can only take out on mondays or someting?
[11:47:34] <@pirateat40> Yea, but i hate limiting people moving funds.
[11:44:47] <@pirateat40> hashking, I tried to hold off thinking the operating wallets would balance out but they haven't fast enough so Im having to hold more reserves which is eating into my profit margin.
[11:46:23] <@pirateat40> Its a stability thing, its getting harder and harder to predict when coins will come in and go out.
[11:46:49]
[11:46:51] <@pirateat40> So I'll have times when im holding too many coins in op wallets and move some over and then get a flood of withdraws.
[11:47:12]
[11:47:34] <@pirateat40> Yea, but i hate limiting people moving funds.
Those rate changes were posted back in July, originally intended to take effect August 1st. I see nothing changed other than it got pushed back twice (once from Aug 1 -> 14, now from Aug 14 -> 20). Back in July paybt.c confirmed that BitcoinMax would remain 6.9% though. Interested to hear if something has changed behind the scenes though (like pirate no longer offering premium rates to the older & larger passthroughs).
No the rates were just revised lower today.
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