Topic: [CLOSED] CoinLenders - page 29. (Read 226445 times)
The risk is really trusting me. There's few ways that this can go bad when more BTC are lent out fully secured, with options bought on the collateral so even if the underlying asset drops it doesn't affect anything.
A lawyer checked the legal situation of so-called
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
When accusing someone of empty claims, not backed up by any evidence, please don't use empty claims, not backed up by any evidence ...
+1 well i ve faced a lot of those. haha
but even if your right, he is giving 18- 25% return, you have to take risk to get that return rate
anyone here interested in an early withdrawal feature attached to the CD's? something along the line of gaining early access to your CD deposit with a fee?
So let me get this straight. I can deposit 1 BTC into the site and after 30 days I will get it back with 25.5% APR?
Yes, if you buy a CD for that 30 days, you will be unable to withdraw the coins before, but you will receive 25,5% APR on them (so it will be slightly higher than 1.852% for a month). 
So let me get this straight. I can deposit 1 BTC into the site and after 30 days I will get it back with 25.5% APR?
According to the rates currently posted at https://www.coinlenders.com/interest
Quote
Yearly APR: 25.009%
Monthly: 1.852%
Weekly: 0.429%
Daily: 0.061%
(They are all the same interest rate)
Monthly: 1.852%
Weekly: 0.429%
Daily: 0.061%
(They are all the same interest rate)
This means if you deposit 1 BTC at CoinLenders, a day later you will be able to withdraw 1.00061 BTC, a week later you will be able to withdraw 1.00429 BTC, a month later you will be able to withdraw 1.01852 BTC, and a year later you will be able to withdraw 1.25009 BTC.
That's right, TradeFortress pays you to let him hold on to your bitcoins and lend them to others. This is actually the way banks used to work. Now of course, you have to pay the banks to let them hold your money with all of the service fees that they charge. (As far as I know, the only fee you pay with CoinLenders is the standard bitcoin transaction fee when you make a withdrawal.) Interest is credited to your account at the same time every day (5pm on the west coast of the US) so it is best to make a withdrawal after that time to maximize the interest that you are paid.
So let me get this straight. I can deposit 1 BTC into the site and after 30 days I will get it back with 25.5% APR?
In their "terms" they explicitly ADMIT what they legally "promise":
"1. We (BitFunder) do not accept responsibility for ANYTHING.
2. WARNING: Use at your own risk.
3. You must agree to 1 and 2."
https://bitfunder.com/terms/
Thats the basis upon which "Coinlenders.com" and their nameless phantoms request our money but hide themselves obstinately behind "TradeFortress" and his "Coms".
No responsibility for anything! - Thats it.
Excluding any legal responsibility.
That's the strategy and philosophy which made THOUSANDS of BTC users to victims of all the criminal incidents of fraud and theft.
"1. We (BitFunder) do not accept responsibility for ANYTHING.
2. WARNING: Use at your own risk.
3. You must agree to 1 and 2."
https://bitfunder.com/terms/
Thats the basis upon which "Coinlenders.com" and their nameless phantoms request our money but hide themselves obstinately behind "TradeFortress" and his "Coms".
No responsibility for anything! - Thats it.
Excluding any legal responsibility.
That's the strategy and philosophy which made THOUSANDS of BTC users to victims of all the criminal incidents of fraud and theft.
Yea because when someone scams a huge group knowing their name saves everything?
I know TF's name. If he scams you feel free to message and I'll tell you what it is.
On that same note, TF isn't from America. So you think if he scam's you for a few hundred dollar's you'll have the funds to track him down in another country?
Rather than blowing smoke up our ass to make paranoid retard's like yourself with nothing better to do than try and ruin a business you have no part in. He tells the truth and survives off his rep. Which is all that matter's and can just as easily be BS.
Or should he go on Silk road, have a few fake ID's made for 100 dollars, scan those and post them for you?
Oh, and it is not my terms, that's BitFunder's terms.
A lawyer checked the legal situation of so-called
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
When accusing someone of empty claims, not backed up by any evidence, please don't use empty claims, not backed up by any evidence ...
I think someone just doesn't like BTC and the freedom of a true free market it represents...which does mean lots of scams could/do happen... The only way to NEVER be scammed is hoarding the money yourself and never investing in anything... that doesn't seem like fun... Anyway I got into BTC for fun so I'll throw it around however I want XD
LOL at LvM. This is the same for practically any Bitcoin investment.
Quote
That's what's great about bitcoin. You don't have to be a company. You can even be completely anonymous.
And still be trustworthy! Based on your past reputation.
And still be trustworthy! Based on your past reputation.
A lawyer checked the legal situation of so-called
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
When accusing someone of empty claims, not backed up by any evidence, please don't use empty claims, not backed up by any evidence ...
+1 well i ve faced a lot of those. haha
In their "terms" they explicitly ADMIT what they legally "promise":
"1. We (BitFunder) do not accept responsibility for ANYTHING.
2. WARNING: Use at your own risk.
3. You must agree to 1 and 2."
https://bitfunder.com/terms/
Thats the basis upon which "Coinlenders.com" and their nameless phantoms request our money but hide themselves obstinately behind "TradeFortress" and his "Coms".
No responsibility for anything! - Thats it.
Excluding any legal responsibility.
That's the strategy and philosophy which made THOUSANDS of BTC users to victims of all the criminal incidents of fraud and theft.
"1. We (BitFunder) do not accept responsibility for ANYTHING.
2. WARNING: Use at your own risk.
3. You must agree to 1 and 2."
https://bitfunder.com/terms/
Thats the basis upon which "Coinlenders.com" and their nameless phantoms request our money but hide themselves obstinately behind "TradeFortress" and his "Coms".
No responsibility for anything! - Thats it.
Excluding any legal responsibility.
That's the strategy and philosophy which made THOUSANDS of BTC users to victims of all the criminal incidents of fraud and theft.
A lawyer checked the legal situation of so-called
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
When accusing someone of empty claims, not backed up by any evidence, please don't use empty claims, not backed up by any evidence ...
A lawyer checked the legal situation of so-called
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
"Coinlenders.com" and "Bitfunder.com" propagated by TradeFortress and his friends.
https://www.coinlenders.com/interest
http://bitfunder.com/asset/btcinvest
Result:
Nothing but legally void promises!
NOTHING of all the promises can be enforced by legal action!
No legal name, no real address, no responsible managing director, NOTHING!
These dubious "companies" seem not even to exist in reality.
TradeFortress' full-bodied boastings with his so called insurencies and guaranties are worth
nothing at all!
We do not even know who received our money in reality !
Looks like the next of all the other incidents of fraud and theft with BTC:
http://en.wikipedia.org/wiki/Bitcoin#Incidents_of_theft
Verluste, Diebstähle, Hacks und Betrugsfälle
http://de.wikipedia.org/wiki/Bitcoin#Verluste.2C_Diebst.C3.A4hle.2C_Hacks_und_Betrugsf.C3.A4lle
WARNING !!
Anybody entrusting his BTC to unidentified phantoms like "Coinlenders.com", "Bitfunder.com"
or their nameless puppet, obstinately hidden behind "TradeFortress" and his friends
must be lunatic.
Anybody entrusting his BTC to unidentified phantoms like "Coinlenders.com", "Bitfunder.com"
or their nameless puppet, obstinately hidden behind "TradeFortress" and his friends
must be lunatic.
I found an error in your calculations. I tryed out the 30-day CD, announced with 25.5% APR. After it mature i only got around 22.92% APR. PM me for further information.
Interest are counted COMPOUNDLY. so if you multiply the added bits and multiply by 12, it isnt the APR
ah. i think i understand the error. thanks.
btw.: what means BGTD?
It's not as simple as it looks.
For example: other lenders may contact the borrowers and compete with me.
Borrowers may demand lower rates if they see what I'm offering to others.
Without those information, the disclosure is pretty much useless.
For example: other lenders may contact the borrowers and compete with me.
Borrowers may demand lower rates if they see what I'm offering to others.
Without those information, the disclosure is pretty much useless.
I don't think this is true. Someone putting their BTC into CL does not need to know what rates you are lending or borrowing at (although we can all see your borrowing rates via your posted and historical CDs and demand deposit rates). What they need to know is simply your liquidity and how well the duration of your assets and liabilities matches up. I am also certainly not asking that you delineate your assets (i.e. show each of your loans individually with terms) like you do with BTCinvest. This is what I meant when I said that would you not, nor should you, need to disclose your P&L and P&L-related metrics. The concern here is not that you are scamming or even making bad loans the risk here, as it was with pre-FDIC banking, is the issue of "borrowing short and lending long" as the slang goes.
The mitigating factor in all this is that because your are a trusted member of the community and have other assets for which you can back-up any shortfalls, disclosure is not as important as in other contexts. I will certainly grant you that.
Opened an account - parking some bitcoins for 30 days! Don't take my BTC pls =)
I found an error in your calculations. I tryed out the 30-day CD, announced with 25.5% APR. After it mature i only got around 22.92% APR. PM me for further information.
1.01885^(365/30) = 1.255 
I found an error in your calculations. I tryed out the 30-day CD, announced with 25.5% APR. After it mature i only got around 22.92% APR. PM me for further information.
Interest are counted COMPOUNDLY. so if you multiply the added bits and multiply by 12, it isnt the APR
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