[Closed] 250 BTC loan @ 0.5% interest per day !!! - page 2.

fred0

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Activity: 349

Merit: 250

Quote from: vuce on December 26, 2011, 05:31:39 AM

Quote from: Turbor on December 26, 2011, 04:41:17 AM

Quote from: vuce on December 26, 2011, 03:58:52 AM

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.

In this case risk is multiplied, for less return.

vuce

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Activity: 476

Merit: 250

Quote from: Turbor on December 26, 2011, 04:41:17 AM

Quote from: vuce on December 26, 2011, 03:58:52 AM

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.

Turbor

legendary

Activity: 1022

Merit: 1000

BitMinter

Quote from: vuce on December 26, 2011, 03:58:52 AM

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

vuce

sr. member

Activity: 476

Merit: 250

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

In any case, I don't think that once you have an account you can just throw any amount of money into it and expect interests, makes no sense at all.

terrytibbs

hero member

Activity: 560

Merit: 501

Quote from: chungenhung on December 26, 2011, 03:36:18 AM

Quote from: terrytibbs on December 26, 2011, 02:44:59 AM

Quote from: chungenhung on December 26, 2011, 02:41:57 AM

Quote from: ineededausername on December 25, 2011, 11:12:55 PM

Update: You can loan a smaller amount, and be paid the proportional amount in interest. Just thought I'd make that clear.

So your interest is 0.4% a day?

http://lmgtfy.com/?q=1%2F250

are you retarded? I was just replying to make sure....

Looking at your frustration I'd say you are the retard. Oh well!

chungenhung

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Activity: 1134

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Quote from: terrytibbs on December 26, 2011, 02:44:59 AM

Quote from: chungenhung on December 26, 2011, 02:41:57 AM

Quote from: ineededausername on December 25, 2011, 11:12:55 PM

Update: You can loan a smaller amount, and be paid the proportional amount in interest. Just thought I'd make that clear.

So your interest is 0.4% a day?

http://lmgtfy.com/?q=1%2F250

are you retarded? I was just replying to make sure....

terrytibbs

hero member

Activity: 560

Merit: 501

Quote from: chungenhung on December 26, 2011, 02:41:57 AM

Quote from: ineededausername on December 25, 2011, 11:12:55 PM

Update: You can loan a smaller amount, and be paid the proportional amount in interest. Just thought I'd make that clear.

So your interest is 0.4% a day?

http://lmgtfy.com/?q=1%2F250

chungenhung

legendary

Activity: 1134

Merit: 1005

Quote from: ineededausername on December 25, 2011, 11:12:55 PM

Update: You can loan a smaller amount, and be paid the proportional amount in interest. Just thought I'd make that clear.

So your interest is 0.4% a day?

chungenhung

legendary

Activity: 1134

Merit: 1005

Quote from: ineededausername on December 25, 2011, 11:12:55 PM

Update: You can loan a smaller amount, and be paid the proportional amount in interest. Just thought I'd make that clear.

your reputation?

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Update: You can loan a smaller amount, and be paid the proportional amount in interest. Just thought I'd make that clear.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: terrytibbs on December 25, 2011, 10:58:55 PM

So, basically, by lending you the coins, you're indirectly kicking someone out of pirate's program?

That makes no sense.

Sorry you feel that way. But according to the current rules, it's fine with pirate and definitely beneficial for people who want to deposit right now, so whatever. It's sort of a tradeoff... lower interest rates for guaranteed room in the program.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: ineededausername on December 25, 2011, 10:55:33 PM

Quote from: jamesg on December 25, 2011, 10:54:27 PM

I appreciate you helping me in my complete lack of understand of his lending program. Sorry to derail your thread.

Aww, thought I had a lender Sad

I too thought you might have had a lender too until the mention of early adopters being able to keep depositing into the program.

terrytibbs

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Activity: 560

Merit: 501

So, basically, by lending you the coins, you're indirectly kicking someone out of pirate's program?

That makes no sense.

ineededausername

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Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: jamesg on December 25, 2011, 10:54:27 PM

Quote from: ineededausername on December 25, 2011, 10:48:58 PM

Quote from: jamesg on December 25, 2011, 10:46:01 PM

Hmmmm. These details are not in his original post. Can you point me to the location of this disclosure?

Quote from: pirateat40 on November 17, 2011, 10:17:29 AM

Also, in the event that I exceed my threshold of coins on incoming deposits I'll be manually making withdraws of principal and interest based on the age of your account. Seniority rules and those accounts with a shorter age date will be liquidated first.

There you go

I appreciate you helping me in my complete lack of understand of his lending program. Sorry to derail your thread.

Aww, thought I had a lender Sad

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: ineededausername on December 25, 2011, 10:48:58 PM

Quote from: jamesg on December 25, 2011, 10:46:01 PM

Hmmmm. These details are not in his original post. Can you point me to the location of this disclosure?

Quote from: pirateat40 on November 17, 2011, 10:17:29 AM

Also, in the event that I exceed my threshold of coins on incoming deposits I'll be manually making withdraws of principal and interest based on the age of your account. Seniority rules and those accounts with a shorter age date will be liquidated first.

There you go

I appreciate you helping me in my complete lack of understand of his lending program. Sorry to derail your thread.

ineededausername

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Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: jamesg on December 25, 2011, 10:46:01 PM

Quote from: ineededausername on December 25, 2011, 10:35:43 PM

Quote from: jamesg on December 25, 2011, 10:34:36 PM

To be clear, you are implying that you have some type of special relationship with pirateat40 that is not advertised on his thread to get these coins into his program?

I am an earlier depositor. Earlier depositors push out later ones when they deposit.

Hmmmm. These details are not in his original post. Can you point me to the location of this disclosure?

Quote from: pirateat40 on November 17, 2011, 10:17:29 AM

Also, in the event that I exceed my threshold of coins on incoming deposits I'll be manually making withdraws of principal and interest based on the age of your account. Seniority rules and those accounts with a shorter age date will be liquidated first.

There you go

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: ineededausername on December 25, 2011, 10:35:43 PM

Quote from: jamesg on December 25, 2011, 10:34:36 PM

To be clear, you are implying that you have some type of special relationship with pirateat40 that is not advertised on his thread to get these coins into his program?

I am an earlier depositor. Earlier depositors push out later ones when they deposit.

Hmmmm. These details are not in his original post. Can you point me to the location of this disclosure?

terrytibbs

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Activity: 560

Merit: 501

That's pretty lame...

ineededausername

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bitcoin hundred-aire

Quote from: jamesg on December 25, 2011, 10:34:36 PM

Quote from: ineededausername on December 25, 2011, 10:30:17 PM

Quote from: jamesg on December 25, 2011, 10:24:49 PM

I apologize in advance if there is an obvious obvious answer to my question.

Why would someone loan you 250 btc to get paid 1 btc per day in interest when they can loan the funds directly to pirateat40 and make 2.5 btc per day?

Because pirate has 0 BTC storage available.

To be clear, you are implying that you have some type of special relationship with pirateat40 that is not advertised on his thread to get these coins into his program?

I am an earlier depositor. Earlier depositors push out later ones when they deposit.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: ineededausername on December 25, 2011, 10:30:17 PM

Quote from: jamesg on December 25, 2011, 10:24:49 PM

I apologize in advance if there is an obvious obvious answer to my question.

Why would someone loan you 250 btc to get paid 1 btc per day in interest when they can loan the funds directly to pirateat40 and make 2.5 btc per day?

Because pirate has 0 BTC storage available.

To be clear, you are implying that you have some type of special relationship with pirateat40 that is not advertised on his thread to get these coins into his program?

Topic: [Closed] 250 BTC loan @ 0.5% interest per day !!! - page 2. (Read 3313 times)