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.
BGTD
Topic: [CLOSED] CoinLenders - page 30. (Read 226433 times)
BGTD
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.
if you don't like TF's business practices you can either not use this service, compete with something better, or complain about... which one do you think those people who do like this service would prefer that you do?
i guessi see ur point. Keeping the competitiveness of our interest rate here for being a lender. Havent think of that.
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.
Would it be possible for CL to begin providing some disclosure?
Obviously we don't need the P&L, but some basic B/S stuff would be great. Something like
Current Assets (loans to be paid back in under 3 months)
XXXXX
Long Term Assets (loans to be paid back in excess of 3 months)
YYYYYYY
Current Liabilities (all non-CD deposits and CDs with expiry < 90 days)
ZZZZZZZ
Long Term Liabilities (all CDs expiring in > 90 days)
WWWWW
And then some relevant metrics (i.e. weighted age of loans, delinquency rate, weighted age of CDs, etc). Note: I am not asking, nor should you provide, P&L information such as what your spreads are. Just strictly information that allows people to assess the liquidity of the "bank".
Obviously we don't need the P&L, but some basic B/S stuff would be great. Something like
Current Assets (loans to be paid back in under 3 months)
XXXXX
Long Term Assets (loans to be paid back in excess of 3 months)
YYYYYYY
Current Liabilities (all non-CD deposits and CDs with expiry < 90 days)
ZZZZZZZ
Long Term Liabilities (all CDs expiring in > 90 days)
WWWWW
And then some relevant metrics (i.e. weighted age of loans, delinquency rate, weighted age of CDs, etc). Note: I am not asking, nor should you provide, P&L information such as what your spreads are. Just strictly information that allows people to assess the liquidity of the "bank".
+1
How long has deprived fund being going for?
Also, plenty of people know who I am. I'm not posting it publicly because been associated with Bitcoin may not be a good thing in the future.
Also, plenty of people know who I am. I'm not posting it publicly because been associated with Bitcoin may not be a good thing in the future.
TradeFortress, I know you've said in this thread that you have no desire to make your identity known.
Would it interest you at all to provide your identity to John K, to his satisfaction, for our depositors peace of mind? You may well find that with this your deposits would grow substantially? I'm certainly a little bit nervy of putting in any more than I already have. There really is literally nothing to stop you running off with it right now.
Would it interest you at all to provide your identity to John K, to his satisfaction, for our depositors peace of mind? You may well find that with this your deposits would grow substantially? I'm certainly a little bit nervy of putting in any more than I already have. There really is literally nothing to stop you running off with it right now.
And lets be honest, please do tell what knowing his name will honestly do?
He skips country with a million bucks. what's his name going to do?
I think it would be great, if TF would confirm the identy to John K and it would certainly help his business.
If you're worried, review the history of my investment fund, my lending history here, threads like this, or talk to me on IRC when I'm online (same nick), or message admin on coinchat.
A person not disclosing its legal identity to its customers is'nt trustworthy at all !!
I'd also welcome a little bit more transparency. Just a little bit.
Would it be possible for CL to begin providing some disclosure?
Obviously we don't need the P&L, but some basic B/S stuff would be great. Something like
Current Assets (loans to be paid back in under 3 months)
XXXXX
Long Term Assets (loans to be paid back in excess of 3 months)
YYYYYYY
Current Liabilities (all non-CD deposits and CDs with expiry < 90 days)
ZZZZZZZ
Long Term Liabilities (all CDs expiring in > 90 days)
WWWWW
And then some relevant metrics (i.e. weighted age of loans, delinquency rate, weighted age of CDs, etc). Note: I am not asking, nor should you provide, P&L information such as what your spreads are. Just strictly information that allows people to assess the liquidity of the "bank".
Obviously we don't need the P&L, but some basic B/S stuff would be great. Something like
Current Assets (loans to be paid back in under 3 months)
XXXXX
Long Term Assets (loans to be paid back in excess of 3 months)
YYYYYYY
Current Liabilities (all non-CD deposits and CDs with expiry < 90 days)
ZZZZZZZ
Long Term Liabilities (all CDs expiring in > 90 days)
WWWWW
And then some relevant metrics (i.e. weighted age of loans, delinquency rate, weighted age of CDs, etc). Note: I am not asking, nor should you provide, P&L information such as what your spreads are. Just strictly information that allows people to assess the liquidity of the "bank".
+1
Would it be possible for CL to begin providing some disclosure?
Obviously we don't need the P&L, but some basic B/S stuff would be great. Something like
Current Assets (loans to be paid back in under 3 months)
XXXXX
Long Term Assets (loans to be paid back in excess of 3 months)
YYYYYYY
Current Liabilities (all non-CD deposits and CDs with expiry < 90 days)
ZZZZZZZ
Long Term Liabilities (all CDs expiring in > 90 days)
WWWWW
And then some relevant metrics (i.e. weighted age of loans, delinquency rate, weighted age of CDs, etc). Note: I am not asking, nor should you provide, P&L information such as what your spreads are. Just strictly information that allows people to assess the liquidity of the "bank".
Obviously we don't need the P&L, but some basic B/S stuff would be great. Something like
Current Assets (loans to be paid back in under 3 months)
XXXXX
Long Term Assets (loans to be paid back in excess of 3 months)
YYYYYYY
Current Liabilities (all non-CD deposits and CDs with expiry < 90 days)
ZZZZZZZ
Long Term Liabilities (all CDs expiring in > 90 days)
WWWWW
And then some relevant metrics (i.e. weighted age of loans, delinquency rate, weighted age of CDs, etc). Note: I am not asking, nor should you provide, P&L information such as what your spreads are. Just strictly information that allows people to assess the liquidity of the "bank".
Bitcoin 
And its beautiful, where else do you get ~25% on a checking account 
Thanks for this great service
Thanks for this great service
I will most likely be depositing some of my Bitcoins soon. It seems this is less risk than to just loan out, maybe not as profitable in the end. But, if I have no risk to lose Bitcoins I guess that over weights the profit margin.
That's pretty much the niche Coinlenders operates in. TF assumes greater risk and leverages other people's loaned BTC to increase his own profits, and then shares a portion with depositors. 
OK, understood and successfully executed.
Perfect!
This is my new funding address to coinlenders, 15gm3FDAMcdGfVhTQ9NAUpEBXAVjd6YGjh
Just in case somebody wants to fund my projects, lol
Perfect!
This is my new funding address to coinlenders, 15gm3FDAMcdGfVhTQ9NAUpEBXAVjd6YGjh
Just in case somebody wants to fund my projects, lol
how to earn interest?
just deposit and wait?
Yup. just deposit and wait?
how to earn interest?
just deposit and wait?
just deposit and wait?
I will most likely be depositing some of my Bitcoins soon. It seems this is less risk than to just loan out, maybe not as profitable in the end. But, if I have no risk to lose Bitcoins I guess that over weights the profit margin.
I've got 2,500 LTC I'd like to loan but it looks this website only does bitcoin? That's unfortunate maybe I can find a similar service.
Tradefortress, I just wanted to say thank you for doing a great job running Coinlenders and BTCInvest.
I just hope it will always stay profitable enough for you to keep the temptation at bay to make a run for it
I just hope it will always stay profitable enough for you to keep the temptation at bay to make a run for it
I know someone will open a Bitcoin Bank in N.Zealand and Malaysia.
Will be nice to see more companies giving out loans in BTC.
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