CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available - page 56.

Lohoris

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Bitgoblin

Quote from: Raoul Duke on October 14, 2013, 03:49:05 AM

Quote from: 🏰 TradeFortress 🏰 on August 30, 2013, 06:51:03 PM

Thanks for your feedback, armchair lawyers.

The pot calling the kettle black... Interesting...

PSA: OP is paving the way to steal all your coins.

+1.
It's clear as crystal, just read the "contract".
Ooops it's not a contract, it's a demo.
And remember he unilaterally changed it, without any warning.

He's bulshitting you with this "fictional"+"demo" thing, which WON'T protect him from the State, but MIGHT protect him from his gullible users.

If it was really a demo it would be on testnet instead on mainnet. This fact alone should be enough.

001sonkit

hero member

Activity: 784

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Casper - A failed entrepenuer who looks like Zhou

Quote from: SquishySquish on October 14, 2013, 12:52:35 AM

How can you tell between simple interest and compound interest?

Assume you toss $100 to a bank in which it gives you 1% interest a month

SIMPLE
Month What you have
Month 1 [Initial $100]+{ [Interest $1]}
Month 2 [Initial $100]+{ [Interest $1]+ [Interest $1]}
Month 3 [Initial $100]+{ [Interest $1]+ [Interest $1]+ [Interest $1]}
Month 4 [Initial $100]+{ [Interest $1]+ [Interest $1]+ [Interest $1]+ [Interest $1]}
...

Compound
Month 1 {[Initial $100]+[Interest $1]}
Month 2 {[Initial $101]+[Interest $1.01]}
Month 3 {[Initial $102.01]+[Interest $1.0201]}
Month 4 {[Initial $103.0301]+[Interest $1.030301]}
...

Final Words, know what you are doing before you are investing.

Raoul Duke

legendary

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Quote from: 🏰 TradeFortress 🏰 on August 30, 2013, 06:51:03 PM

Thanks for your feedback, armchair lawyers.

The pot calling the kettle black... Interesting...

PSA: OP is paving the way to steal all your coins.

SquishySquish

newbie

Activity: 29

Merit: 0

How can you tell between simple interest and compound interest?

🏰 TradeFortress 🏰

vip

Activity: 1316

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👻

Quote from: Progressive on October 13, 2013, 04:15:37 AM

Quote

Yearly feebate: 22.2252%
Monthly: 1.6632%
Weekly: 0.3856%
Daily: 0.055%
(They are all the same fee rebate rate)

22.2252 / 365 = 0.060890959

Why is the daily feebate 0.055? It should be 0.06089, I think.

That's simple interest. Compound interest works like this:

1.00055^365 = 1.222252

Progressive

full member

Activity: 181

Merit: 100

Quote

Yearly feebate: 22.2252%
Monthly: 1.6632%
Weekly: 0.3856%
Daily: 0.055%
(They are all the same fee rebate rate)

22.2252 / 365 = 0.060890959

Why is the daily feebate 0.055? Why it isn't 0.06089?

420

hero member

Activity: 756

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Quote from: Lohoris on October 09, 2013, 11:04:11 AM

Quote from: C10H15N on October 09, 2013, 10:43:26 AM

Quote from: 420 on September 28, 2013, 01:03:26 AM

has anyone reported their bits were not delivered?

No?

then carry on as normal

This bears repeating. Grin

Then it is also important repeating that with the current "policies" you have no insurance whatsoever, the operator won't guarrantee anymore the deposits with his own funds, and he can run away with the wallet if he feels like.
Not saying he will, but claiming it is "just like before" is a blatant lie.

So he's no longer protecting us from himself?! Oh my god PANIC!

Lohoris

hero member

Activity: 630

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Bitgoblin

Quote from: C10H15N on October 09, 2013, 10:43:26 AM

Quote from: 420 on September 28, 2013, 01:03:26 AM

has anyone reported their bits were not delivered?

No?

then carry on as normal

This bears repeating. Grin

Then it is also important repeating that with the current "policies" you have no insurance whatsoever, the operator won't guarrantee anymore the deposits with his own funds, and he can run away with the wallet if he feels like.
Not saying he will, but claiming it is "just like before" is a blatant lie.

C10H15N

legendary

Activity: 948

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Quote from: 420 on September 28, 2013, 01:03:26 AM

has anyone reported their bits were not delivered?

No?

then carry on as normal

This bears repeating. Grin

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Quote from: wuala on October 09, 2013, 10:34:38 AM

TF I writed you an email about a request made in CL (wuala).

Undecided

I didn't realize this thread and obviously don't know anything about the "demo policies".

Thanks and best regards

In my understanding, demo policies are to protect the site from over regulation by "somebody else". It is a fully working "demo", by fully working, including how the coins shall go and transfer etc.

wuala

full member

Activity: 163

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Luk, soy tu padreeee

TF I writed you an email about a request made in CL (wuala).

Undecided

I didn't realize this thread and obviously don't know anything about the "demo policies".

Thanks and best regards

bitfromit

sr. member

Activity: 329

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on October 02, 2013, 12:11:09 AM

Quote from: bitfromit on October 02, 2013, 12:09:56 AM

Hi TF, it seems you have blocked PMs?

Send me an email - [email protected]

ok will do

🏰 TradeFortress 🏰

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Quote from: bitfromit on October 02, 2013, 12:09:56 AM

Hi TF, it seems you have blocked PMs?

Send me an email - [email protected]

bitfromit

sr. member

Activity: 329

Merit: 250

Hi TF, it seems you have blocked PMs?

420

hero member

Activity: 756

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has anyone reported their bits were not delivered?

No?

then carry on as normal

Polyatomic

sr. member

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Quote from: monbux on September 27, 2013, 07:49:11 PM

Hi TF, I still don't get it. Is this website fully operational?
All deposits and withdrawals are still ongoing?
Why is it in "demo' mode? Because of certain laws?

Place a demo application and see if you get a demo approval.

GOB

member

Activity: 94

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Come on!

Quote from: monbux on September 27, 2013, 07:49:11 PM

Hi TF, I still don't get it. Is this website fully operational?
All deposits and withdrawals are still ongoing?
Why is it in "demo' mode? Because of certain laws?

As far as I can tell, the answers to your questions are, in order:

Yes
Yes
Laws/Yes.

This is only based on my understanding of this thread and another thread where I asked the same questions. I only answer to give TradeFortress plausible deniability as a friendly neighbor, though I hasten to add I have no stake in Coinlenders, do not use it (though I might), and occasionally use inputs.io and only store a couple BTC there. If he'd like to answer your directly, that'd be even better, though I think he said he wouldn't.

(Tradefortress, if you'd like me to delete this post I will--just trying to be helpful)

monbux

legendary

Activity: 1736

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Hi TF, I still don't get it. Is this website fully operational?
All deposits and withdrawals are still ongoing?
Why is it in "demo' mode? Because of certain laws?

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: vasvla on September 24, 2013, 01:46:07 AM

assuming that you have some inverse proxies (like nginx) in front of your servers that keep applications from excessive load.

Just my 2 cents... Good luck.

The DDoS was able to overload nginx and even a very light Node.js proxy server.

vasvla

newbie

Activity: 11

Merit: 0

Quote from: 🏰 TradeFortress 🏰 on September 22, 2013, 08:32:35 PM

CoinLenders called "make a transaction" to Inputs, but Inputs was under DDoS at that time. CoinLenders didn't know if it went through or not, and it's better to be safe than sorry, so a manual processing was required.

Thanks for explanation, TradeFortress. Is there anything like two phase commit protocol implemented between coinlenders and inputs.io nodes? From your description of failure it doesn't seem. I suggest you to use It, although it may decrease performance of both sides, but will increase security for sure. In this case transaction would be rolled back on coinlenders side after some timeout, followed by appropriate message in application like "try again later".

The other thing you may try is not to use the same route from coinlenders <-> inputs.io communication as you use for coinlenders <-> outside traffic and inputs.io <-> outside traffic. This way you would avoid congestion if any of 2 is under DDoS from outside, assuming that you have some inverse proxies (like nginx) in front of your servers that keep applications from excessive load.

Just my 2 cents... Good luck.

Topic: CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available - page 56. (Read 111290 times)