CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available - page 41.

gweedo

legendary

Activity: 1498

Merit: 1000

Quote from: gaston909 on November 08, 2013, 12:34:42 PM

Quote from: C10H15N on November 08, 2013, 12:20:12 PM

Quote from: ChaosFox on November 08, 2013, 11:32:10 AM

Quote from: C10H15N on November 08, 2013, 11:12:11 AM

In the grand scheme of things, I'm quite happy this happened when it did.
This was always a test of honesty, integrity, and business acumen.
My first and only Coinlenders CD was ~20 days from maturity. Had my mature investment been successfully returned to my wallet, I would have had no hesitation in doubling my next investment. Undecided

The search for a viable and honest bitcoin investment continues...

What about BTCJam? As I read it, the website only sets you up with borrowers but most other things are controlled by you, including ultimately the decision to proceed with the loan. Yes, it's a bit higher risk and more trouble since any borrower could default and then you'd lose your money, but all the risk would be distributed so it's not placing all of your money and trust in a single person. I had considered using this instead of CoinLenders for a while, and I wish I had now.

Feels a bit bad to put up competition for CL like that, but since it's dead... *shrug*

I'm already about as deep into peer-to-peer lending as I want to get (fiat) with Lending Club (steady 14% ROI).
The sad part here is the lost potential. $1.XX million ain't shit compared to what this business could have produced. Sad

Dont underestimate how huge CL is/was based on what people have said on this forum, it has a lot more than 4000 BTC in assets/loaned/invested etc.

I don't think so, I bet it had around 100 BTCs loaned out.

blub

member

Activity: 88

Merit: 10

My Phone with the google auth for Coinlenders broke, is there a way to reset it?

C10H15N

legendary

Activity: 944

Merit: 1026

CL is nothing but an accounting system. It is meaningless without BTC In a wallet to back it up.

herzmeister

legendary

Activity: 1764

Merit: 1007

Quote from: superbit on November 08, 2013, 04:55:37 PM

If so 3.5% is too low, no one will leave coins there

well obviously, he will see to it that people will "leave" their "coins" there for a while. He's easily in the position to do so. Wink

ChaosFox

full member

Activity: 178

Merit: 100

Certified fox posing as a cat posing as a human

Quote from: mccoyspace on November 08, 2013, 04:52:10 PM

Has anyone else noticed that the interest rates on CL have changed since yesterday? No more crazy levels, now a nice mainstream 3.5%. Also CDs are now overnight, 1 day loans. So TF continues to make changes to the site even today. What to make of this? My CD still shows the old higher rates.

*edit: sorry, mis read it. .0365% apr! In other words, nothing!

Beats me why he's just unable to set it to zero. I don't think any of the remaining BTC are generating any worthwhile interest for him.

superbit

hero member

Activity: 763

Merit: 500

Quote from: mccoyspace on November 08, 2013, 04:52:10 PM

Has anyone else noticed that the interest rates on CL have changed since yesterday? No more crazy levels, now a nice mainstream 3.5%. Also CDs are now overnight, 1 day loans. So TF continues to make changes to the site even today. What to make of this? My CD still shows the old higher rates.

Maybe his plan is to keep coinlenders running, lowering return on deposits to use the extra interest to pay back inputs.io depositors? If so 3.5% is too low, no one will leave coins there, not sure anyone would at 20% after seeing he keeps 1 million fiat in a hot wallet??

mccoyspace

full member

Activity: 237

Merit: 101

Has anyone else noticed that the interest rates on CL have changed since yesterday? No more crazy levels, now a nice mainstream 3.5%. Also CDs are now overnight, 1 day loans. So TF continues to make changes to the site even today. What to make of this? My CD still shows the old higher rates.

*edit: sorry, mis read it. .0365% apr! In other words, nothing!

The 4ner

hero member

Activity: 602

Merit: 500

R.I.P Silk Road 1.0

Quote from: C10H15N on November 08, 2013, 11:12:11 AM

In the grand scheme of things, I'm quite happy this happened when it did.
This was always a test of honesty, integrity, and business acumen.
My first and only Coinlenders CD was ~20 days from maturity. Had my mature investment been successfully returned to my wallet, I would have had no hesitation in doubling my next investment. Undecided

The search for a viable and honest bitcoin investment continues...

So true! I was a week away from collecting my interest returns. Cry

jim667

newbie

Activity: 37

Merit: 0

Quote from: gotpetum on November 08, 2013, 01:36:25 PM

I think the people that are asking for government / legal intervention are ruinous to the bitcoin community. If you want to live in a place where there are no risks and progress is slow, why bother to venture into the bitcoin world? Aren't you sufficiently happy with the damage you've done in the real world?

There are a bajillion ways to improve the bitcoin economy to make this less likely in the future. Contribute! If you're only capable of requesting the use of direct, uninitiated force against, then... well.. don't.

What will happen to the integrity of the protocol as the majority of its users think we need a safety net to protect victims of carelessness?

Wise thinking. My respect, sir.

bl4kjaguar

hero member

Activity: 546

Merit: 500

CoinLenders,

I am only accepting discharge/setoff of my existing loan(s) as payment. You are in default to the tune of ~20.4 bitcoins and it is unconscionable for me to continue paying this loan unless the correct amount which is owed to me is deducted.

Please setoff the loan that I owe and I will pay off the remainder.

I also demand the refund and/or discharge of any late fees (since I am also owed interest).

Thanks for your cooperation in this matter.

Sincerely,
YOUR CREDITOR

gotpetum

full member

Activity: 126

Merit: 100

I think the people that are asking for government / legal intervention are ruinous to the bitcoin community. If you want to live in a place where there are no risks and progress is slow, why bother to venture into the bitcoin world? Aren't you sufficiently happy with the damage you've done in the real world?

There are a bajillion ways to improve the bitcoin economy to make this less likely in the future. Contribute! If you're only capable of requesting the use of direct, uninitiated force against, then... well.. don't.

What will happen to the integrity of the protocol as the majority of its users think we need a safety net to protect victims of carelessness?

DumbFruit

sr. member

Activity: 433

Merit: 267

I am putting together a list of user accounts, and collating information here: https://bitcointalksearch.org/topic/coinlenders-inputsio-tradefortress-hack-328053

If anyone has information they want me to add, post there or PM me.

Thanks.

gaston909

sr. member

Activity: 336

Merit: 250

Quote from: C10H15N on November 08, 2013, 12:20:12 PM

Quote from: ChaosFox on November 08, 2013, 11:32:10 AM

Quote from: C10H15N on November 08, 2013, 11:12:11 AM

In the grand scheme of things, I'm quite happy this happened when it did.
This was always a test of honesty, integrity, and business acumen.
My first and only Coinlenders CD was ~20 days from maturity. Had my mature investment been successfully returned to my wallet, I would have had no hesitation in doubling my next investment. Undecided

The search for a viable and honest bitcoin investment continues...

What about BTCJam? As I read it, the website only sets you up with borrowers but most other things are controlled by you, including ultimately the decision to proceed with the loan. Yes, it's a bit higher risk and more trouble since any borrower could default and then you'd lose your money, but all the risk would be distributed so it's not placing all of your money and trust in a single person. I had considered using this instead of CoinLenders for a while, and I wish I had now.

Feels a bit bad to put up competition for CL like that, but since it's dead... *shrug*

I'm already about as deep into peer-to-peer lending as I want to get (fiat) with Lending Club (steady 14% ROI).
The sad part here is the lost potential. $1.XX million ain't shit compared to what this business could have produced. Sad

Dont underestimate how huge CL is/was based on what people have said on this forum, it has a lot more than 4000 BTC in assets/loaned/invested etc.

C10H15N

legendary

Activity: 944

Merit: 1026

Quote from: ChaosFox on November 08, 2013, 11:32:10 AM

Quote from: C10H15N on November 08, 2013, 11:12:11 AM

In the grand scheme of things, I'm quite happy this happened when it did.
This was always a test of honesty, integrity, and business acumen.
My first and only Coinlenders CD was ~20 days from maturity. Had my mature investment been successfully returned to my wallet, I would have had no hesitation in doubling my next investment. Undecided

The search for a viable and honest bitcoin investment continues...

What about BTCJam? As I read it, the website only sets you up with borrowers but most other things are controlled by you, including ultimately the decision to proceed with the loan. Yes, it's a bit higher risk and more trouble since any borrower could default and then you'd lose your money, but all the risk would be distributed so it's not placing all of your money and trust in a single person. I had considered using this instead of CoinLenders for a while, and I wish I had now.

Feels a bit bad to put up competition for CL like that, but since it's dead... *shrug*

I'm already about as deep into peer-to-peer lending as I want to get (fiat) with Lending Club (steady 14% ROI).
The sad part here is the lost potential. $1.XX million ain't shit compared to what this business could have produced. Sad

Raoul Duke

legendary

Activity: 1358

Merit: 1002

Quote from: Lohoris on November 08, 2013, 12:01:29 PM

Quote from: 001sonkit on November 08, 2013, 10:17:20 AM

Yes, before he made Inputs.io , he had already been clear, crystal clear about the risk of having a wallet that private key is shared. aka shared wallet or web wallet.

he advertised it as super-secure...

Worst than that: he was "hacking" other services left and right and berating the owners for knowing squat about security and that he was so much better than them.
Right... Roll Eyes

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: 001sonkit on November 08, 2013, 10:17:20 AM

Yes, before he made Inputs.io , he had already been clear, crystal clear about the risk of having a wallet that private key is shared. aka shared wallet or web wallet.

he advertised it as super-secure...

ChaosFox

full member

Activity: 178

Merit: 100

Certified fox posing as a cat posing as a human

Quote from: 001sonkit on November 08, 2013, 10:34:30 AM

Quote from: DumbFruit on November 08, 2013, 10:32:28 AM

I've sent an email to Sytech.

Judging from their page, i doubt if they even nkow WTF is Bitcoin. I am not a master on this aspect, but this is my first impression on it.

*EDIT You are welcome to consult FBI and raid him like Kim Dotcom or DPR if you would like your (soon will be) coins to end up in damn America Government's hand

This. And again, I'd rather take a haircut than my coins ending up in the feds' hands, as what presumably happened with Silk Road. THEN it'll be truly lost.

Quote from: C10H15N on November 08, 2013, 11:12:11 AM

In the grand scheme of things, I'm quite happy this happened when it did.
This was always a test of honesty, integrity, and business acumen.
My first and only Coinlenders CD was ~20 days from maturity. Had my mature investment been successfully returned to my wallet, I would have had no hesitation in doubling my next investment. Undecided

The search for a viable and honest bitcoin investment continues...

What about BTCJam? As I read it, the website only sets you up with borrowers but most other things are controlled by you, including ultimately the decision to proceed with the loan. Yes, it's a bit higher risk and more trouble since any borrower could default and then you'd lose your money, but all the risk would be distributed so it's not placing all of your money and trust in a single person. I had considered using this instead of CoinLenders for a while, and I wish I had now.

Feels a bit bad to put up competition for CL like that, but since it's dead... *shrug*

C10H15N

legendary

Activity: 944

Merit: 1026

In the grand scheme of things, I'm quite happy this happened when it did.
This was always a test of honesty, integrity, and business acumen.
My first and only Coinlenders CD was ~20 days from maturity. Had my mature investment been successfully returned to my wallet, I would have had no hesitation in doubling my next investment. Undecided

The search for a viable and honest bitcoin investment continues...

gaston909

sr. member

Activity: 336

Merit: 250

Quote from: 001sonkit on November 08, 2013, 10:46:19 AM

Quote from: gaston909 on November 08, 2013, 10:43:30 AM

CL got less Net val than the loaned amt - Can you confirm the post for this etc?

Quote from: 001sonkit on November 07, 2013, 07:01:55 AM

Your requested post

*EDIT
What he says is if the NET value that CL owns can't repay all depositors, he will announce.

Extra data for last post

Quote from: 001sonkit on November 07, 2013, 11:39:17 AM

Sometimes your own instincts is the best to listen to.

Quote from: 🏰 TradeFortress 🏰 on April 10, 2013, 06:28:21 AM

...

I also remembered a post that you removed but i can't find it coz it is full of ***** or symbols. Can't find.
I seems pissing here but really, really if you want your future in Bitcoin to be better. Don't do sth for doing it, blindly. Think of what you are doing, listen to your heart.

Well, based on what has been said there was a lot more than 4000 coins sitting in CL. Some people were heavily heavily invested. So... presuming the assets must be quite significant if they are above this amount, its going to be a long time before all payments come in. Some over the next year or even longer so I dont imagine he will try to start repayments next week unless people WANT to take a haircut. Doesn't make sense otherwise.

C10H15N

legendary

Activity: 944

Merit: 1026

Quote from: 001sonkit on November 08, 2013, 10:34:30 AM

...if you would like your (soon will be) coins to end up in damn America Government's hand

As an American citizen, I am used to them stealing from me.
I would rather a corrupt government have my coin than the scammer/thief who stole them in the first place.

Topic: CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available - page 41. (Read 111193 times)