Topic: [CLOSED] ★ VESCUDERO's Risk-free Weekly Term deposits at 1.5% ★ - page 17. (Read 35044 times)

Tomorrow I will pay the interests generated during this week.
Right now, the deposit is open for new investors that want to earn 2% interests next week.

Thank you Maidak and PsychoticBoy.
I have just updated the OP with the lists of your deposits.

Deposited another 20 BTC to my savings account.

Greetz

deposited 5 btc looking forward to this thanks.

I've got payments to make so I would not be able to do next week. It's all good. That should've caught my eye before posting but caught my eye afterwards.

Yes, I'm afraid you missed it, nevertheless you will be able to make a deposit for the week starting at July 8th.

Although you can make the deposit right now, you won't earn any interest before that date, so I think you might better wait a few days and make your deposit later before the deadline (i.e Sunday, 5pm UTC).

Interest payment received, many thanks.

Thanks PsychoticBoy, I confirm the reception of your coins.
I have just updated the list of deposits with yours.

Made a deposit of 5 BTC 

Greetz

Muchas gracias, my wallet made a happy bleep sound an hour ago  

Hi folks,
payments has been sent. Please check your wallets and confirm reception.

As announced payments will be paid a little bit earlier today, expect them about 15:00 UTC.

I confirm the reception of funds from 1PkFr9gUxB, nimda, 1GqbET4cd6, Btc4Domains and 1QDnipe8Fr.
I am updating the first post of this thread right now, so expect to see your deposits listed there in a few minutes.

Hello,

As you may know, the initial 1,000 BTC limit of my deposit was quickly reached even even before starting the operation. I did not planned to increase the capacity of this risk-free deposit for a while. Nevertheless, given the great amount of investors that could not get in during the launch of this deposit, I have decided to increase the limit just a little bit for new small investors.

In order to let small investors participate in my deposit I have decided to remove the minimum limit of 10 btc and I will start accepting small deposits ranging from just 1 btc to a maximum of 50 btc for those of you that could not get in earlier but also that wanted to take advantage of the current 2% weekly interest rate of this risk-free deposit. I am going to offer this increased capacity for current investors as well, so those which right now have deposits under 50 btc will be able to deposit some additional coins until reaching this upper limit of 50 bitcoins. Depositors with larger amounts will be able to maintain or withdraw their current deposits at will.

The deadline for making new deposits will always be on Sundays at 17:00 UTC (i.e 6 PM BST, 7 PM CET, 1 PM PST or 10 AM PDT). As a rule of thumb, depositors should PM me 24 hours before that deadline only in case they wish to withdraw their funds from their deposit so I can pay out not only their weekly interests but also their principal on time. By default, I will assume that everybody is willing to maintain their deposits with me, so please PM if it is not the case.

As this weekend is the first one in which depositors are going to receive their earned interests, I will exceptionally accept withdrawal orders just a few hours before the deadline, but please take this into account for the coming weeks. You can notify me of your choice to withdraw your funds any time during the week, and even at the very moment of funding your deposit.

Interest will always be paid also on Sundays although the exact time will likely vary from one week to another. In fact this week, I will be watching the EURO Cup championship soccer final between Italy and my beloved Spanish Armada, so I will do my best paying out interests/withdrawals a little bit earlier this week.

Edit: Spain finally won the EURO Cup beating Italy 4-0.

Vescudero, will your availability open up weekly, or on a schedule of some sort?

Ahh, thank you for your information

You should also take into account that the interest rate I am offering is not compounding.

I will do the math for you:
  -  1 Year Compounding interest  => 1000*(1 + 0.02)^52=2800 btcs
  -  1 Year Non-Compounding       => 1000*(1+0.02*52) = 2040 btcs

In any case I am not willing to offer this 2% interest rate for such a long time for a risk-free deposit like this one.
I think it is much more realistic to expect a high interest like this one being offered just for a few weeks/months but not years, that's for sure.

Thanks for the info Patrick

The think I was kinda getting at was what the protocol would be or what would happen when an account gets too large to keep.

The same analysis was done with the growth in registered Elvis impersonators some time ago.  Based on some data in the 70's it showed that by 1980, the entire population of the world would be Elvis.

What people fail to get is that things change.  No one is offering compound weekly at a fixed rate for 500 weeks. 

Also, in many systems, you run into saturation issues.  As an example, I reviewed a proposal some years ago for a marketing campaign in Melbourne.  The provider had the capacity to call everyone within a year.  So why would we keep them hammering away at people that had already said "no" - simple, you wouldn't.  Bit of a difference targeting 4M people vs 400.  The same here with BTC.

Just a quick question about this kind of investment.

(I don't have 1000 BTC or anywhere near that, this is purely hypothetical):

If someone with 1000 BTC were to invest in this 2% weekly deposit...
Within one year, they would have ~2800BTC
Within two years, they would have ~7841BTC
Within three years, they would have ~21959BTC
Within five years, that number would now be ~172204BTC
At ten years, the balance would be a whopping almost 30,000,000BTC. (more than will exist at that time)
Am I missing something, or could a deposit like this turn very big relatively quickly?

Just for the lulz:
If you invested a mere 10BTC:
1 yr=28BTC
5 yr=1722BTC
10 yr=296544BTC (around 1/3 of the current Bitcoins in the market today).