Topic: [CLOSED] ★ VESCUDERO's Risk-free Weekly Term deposits at 1.5% ★ - page 7. (Read 35044 times)

oh sorry,

Loup Garroux apprently can´t be part of the crooks own empire....

Still not all hope is lost

Cheers Zyk

How many coins do you want to put where your mouth is ?

Am happy with otoh as escrow too now, as he is liquid enough for humble opinions.

Am recognizing that treasurys, deposits with Vescudero and bets involve risk exposure, but only in so far as you can trust yourself and  your own perception

to be congruent with reality.

But there are still a lot of forum members, who think, that discounting lies of borrowers and lenders is part of due diligence. I heavily oppose this !

Ready to put up?

Thanks Zyk

You can talk to him even in your native language and in Europe we are registered at ours homes adresses...this is not the land of the scott - free scammmers as your wild - west

seems to be and we are respecting facts not groupthink, which is the most important reason why you fuck over yourselves in ponzis and we match savings and investment.

Got it groupthinkers???


Cheers Zyk

Admittedly, Im not familiar with CAcert, so I dont know how strong proof that is. The link doesnt mean anything to me, perhaps you can elaborate on that? Other than that, there is nothing that proves his ID. Facebook link doesnt even work, and the rest would take a wanna be scammer a few hours tops.

That said, even if we were sure his ID were correct and not stolen, then so what? Its a step up from Pirate perhaps, but when was the last time a bitcoin scammer got convicted in court? Mybitcoin, Bitcoinica, Pirate, .. no one even got in trouble so far.


Now think that through.. if he doesnt have a businessmodel that pays for the 100% APR, then why oh why would he pay 300 euro per month just to get a good rep? Thats precisely what a scammer would do, not someone with a genuine profit model.

Did you notice a pattern in what you wrote? Those guys are anonymous, or are trying to be. Victor is not, and has never tried to be, he in fact posted a lot of information about him while making this offer.

He also explained that he is trying to build trust in the bitcoin world. What he is doing (accepting small deposits from a maximum of people in order to build relationships, rather than taking large deposits from a few people, which would be easier to manage) makes perfect sense: he is now trusted by a lot of people who have faith in his ability to keep his word.

He has not disclosed what he is doing with the funds, and I have not asked him. Maybe he spends some of his own money to pay the interests, after all, for 2.5kBTC that would represent about 300€/month, which could be worth a reputation of reliability. Maybe he is taking a measured risk and placed half of the funds in Patrick Harnett's deposit, which pays back 1% a week, in which case he would have to disburse around 200€/month, and could take a hit of 10k€ if Patrick defaulted fully. What I believe is that he will always pay back his investors.

Note a similarity here? Patrick uses his real name too. And so far, everyone seems happy with his way of doing business. As for Victor, I think Patrick takes measured risks only, and would be ready to liquidate some assets should a catastrophic event cause the loss of some of the funds that were sent to him.

What do you think would happen if Victor scammed people, voluntarily or not? Would he take the risk of having his name slandered? His online reputation is based on trust, he is a CAcert.org assurer (disclaimer: I am one too, even though I haven't assured people for years for lack of availability), and CAcert.org is based on trust into assurers that guarantee a person identity after checking state issued photo ids and have to keep a copy of the documents for years in case of a dispute. Victor can be easily located, we know who he works for in real life, he even gave more detailed information after Micon requested it (Micon, did your friend check that Victor is who he claims to be by looking into the internal directory?). The odds of him scamming people or even of not assuming a loss are extremely small.

Maybe someday we will learn that Victor deposited all or parts of the funds into one of the failed deposit, and covered the loss from his own pocket. I hope (for Victor) that this is not the case, but I would not be totally surprised if it happened.

You can call me naive, stupid or blind, but there is nothing in Victor's behaviour that raised any red flag as far as I am concerned.

Similar things were said (and at that time, probably true) about Pirate, HashKing, INAU, and whoever else has defaulted recently, its hard to keep track.

After all thats happened, if you still invest in a >100% APR undisclosed business model, you will only have yourself to blame.

After hashking defaulted yesterday, though it looks like he intends to make good starting Monday & I hope that he gets plenty of recognition for that if he can do so successfully, I requested a full withdrawal of funds from Vescudero because though I trust him I like many wanted all funds back under my direct control, I requested after the 24 hour notice required & assumed that the funds would be returned the Sunday following this one but Victor kindly agreed to send them back along with this week's interest today, this greatly reassured me & so I asked him to cancel my W/D if possible & keep the funds for the foreseeable future, I also apologized for messing him around & recommended that he deduct any costs these last minute changes had made for him from the interest.

A couple of hours ago I received back my full investment of 304 BTC plus the full weekly interest, I was his largest depositor by far & he returned everything even though he didn't need to at all & in a very professional & courteous way, when/if he opens for new deposits again I shall go out of my way to participate & show support for someone who has behaved above reproach.

I have used this service for 4 weeks. Interest paid as agreed every week. Victor has responded professionally and quickly on all my PMs. I requested to withdraw my deposit along with this weeks pay outs. No hassle, full payment received. All positive experience.

Thanks Victor!

I just got back my principal back along with this week interests, just as expected.

This has been a hassle-free experience, and since I started when the offering was 2%/week, I received all-in-all 13.5% as interests during the course of those 8 weeks. Thanks Victor!

I have just payed out the interests for the running week. Have a happy weekend!

I have no idea what you mean by 'h' & I have no interest in debating with you so there's no need to bother enlightening me, that was why I didn't respond to whatever you were trying to convey in the other thread & I expect that I shall be mostly just skipping your posts if you do respond & it's anyway off topic for this thread.

Sorry otoh,

you try to jump right to step 2 in Ghandi´s theorem, please make you first comfortable with step one.

https://bitcointalk.org/index.php?topic=66802.460     number 467

Thanks Zyk

P.S. When able to follow zykloogish at first sight, happily accept you as an escrow

@zyk lol

I propose these terms if anyone is interested, personally I choose to leave my funds with Victor but choose not to enter in to any bets, but I would be happy to act as an escrow if anyone wished though.

Vescudero will not default  - bet: Agree xxx BTC

Victor Escudero, Vescudero, will not default on the funds lent to him or on the interest due on them within the next 6 months. Funds covered are those listed in & added to his OP & a default is defined as being over 2 weeks late in paying out any interest or funds due.

https://bitcointalk.org/index.php?topic=89122.0;all

He may at any time change the rate of interest payed out &/or return any &/or all funds (with interest to date). He may close his offering at any time & if all funds & interest due has been payed then the bet is then classed as over & won.

Event date 2013 03 10
Bet deadline 2013 03 08

I accept the bet , if we use Victor as escrow


Cheers Zyk

vescudero, will you accept an escrowed bet about your default in the next 6 months?

don't take Gavin's interest in these scams lightly.  This is the lead Bitcoin programmer posting here.  This means that he feels extremely strongly about how detrimental these scams are for the system he devotes a large % of his life to help further.

Do not invest in these scams.  Not even if you think you can get in, then get out before the bust - in any result you are hurting bitcoin.

Come on Lord Micon, keep poker face and don´t loose all your phantasies. Sometimes others got a better hand !

Am with you when asking for the iron broom, but for unfounded accusations there should be guillotines in reserve as well.

Cause a business escapes your perception, doesn´t mean there is none.

Please stick to your sharpness , your trustworthyness is needed.

Thanks Zyk

There are several methods, sign with old payment address, pgp signed message from members that already sent me their withdrawal address signed at the time of their first deposit, withdraw funds to old return address and then resend to the deposit address, ...

In that case at hand, it was much easier than that because I already knew '0xz[.]' even before he decided to invest in my deposit.

I knew him from the Spanish group in Facebook 'Bitcoin España', google+, also we met each other in the 1st Bitcon Party hold in Spain and because I have sold him several hundreds BTCs (nearly 1K) in exchange for cash. I simply contacted him through another channel and ask him to phone me to the number I gave him long time ago.

I guess this is another way of applying the KYC rules (a.k.a 'Know Your Customer')