Dank Bank Deposits - dank's soul is claimed! - New music Nov 30th - page 96.

dank

legendary

Activity: 1134

Merit: 1002

You cannot kill love

Quote from: CoinCidental on August 30, 2012, 02:56:33 AM

Quote from: dank on August 29, 2012, 06:22:11 PM

Quote from: AndyRossy on August 29, 2012, 05:59:03 PM

Quote from: finkleshnorts on August 27, 2012, 01:08:50 PM

Transaction:

https://blockchain.info/tx-index/17418838/8816ee4a921249c7a5f7197e2c64d5ce4194e41bc1cb47441c12c8d9af209bdd

(I'm not a dank shill)

Grinder, you are right. We have no way of knowing whether dank (or anyone else) is running a scam. I don't know either way.

But I, for one, am satisfied in my dealings with dank today. Always, use caution whenever sending your bitcoins to anyone.

What worries me, is that the coin for you payout came from the top-up deposit of 75BTC below.

Quote from: dank on August 21, 2012, 10:56:24 AM

Quote from: DeathAndTaxes on August 21, 2012, 10:52:39 AM

Quote from: dank on August 21, 2012, 10:42:11 AM

Deposit/donation, same thing when it's being put to good use. How about refundable donation?

Wait what? Donation implies the person shouldn't expect a return.

How about investment? Both the principal and interest are an obligation not something nice which may or may not happen.

Yes, I know, it was a slight slip of words.

75 additional BTC deposited with Dank Bank.

see https://blockchain.info/address/1CYsWicNjn2t4d7dT11vKvQbMvRt6oNou2 (dank bank deposit address I assume)

Not quite sure if this is worrying, or not, or do I understand the "greyness" that defines a Ponzi; but I would question how you'd repay DeathAndTaxes 75BTC if he requested it prior to any deposits.

I'd be lying if I said I never paid a loan off with another loan ...

This is very reassuring to hear

I don't get it, would you rather I lie so you feel more confident in me? You could at least quote the whole statement, also.

Quote from: bitcoinbear on August 30, 2012, 08:39:52 AM

Dank's idea of risk and the normal business definition of risk do not match. I wonder what would constitute "high risk" to Dank?

My definition of risk is that if I have your money, I'm going to do whatever I can to get it back to you, no matter what. If you don't trust me when I say that, you probably aren't investing in me anyways.

AndyRossy

sr. member

Activity: 448

Merit: 250

Quote from: bitcoinbear on August 30, 2012, 08:39:52 AM

Dank's idea of risk and the normal business definition of risk do not match. I wonder what would constitute "high risk" to Dank?

Make up a random bitcoin address, looking at the first letters of each sentence/number in a news paper, until you have a bitcoind address.

Send all bank funds here.

Hope it's eventually sent back to one of his addresses by someone else applying the same patented algorithm, with >3%weekly interested compounded.

But this isnt even what it looks like he's doing, he just waits for more deposits/loans to pay withdrawals.

Dank dox: http://www.youtube.com/watch?v=zff9hVH3ptY

bitcoinbear

hero member

Activity: 518

Merit: 500

Dank's idea of risk and the normal business definition of risk do not match. I wonder what would constitute "high risk" to Dank?

mrb

legendary

Activity: 1512

Merit: 1028

Quote from: dank on August 30, 2012, 01:20:59 AM

Quote from: mrb on August 30, 2012, 12:52:07 AM

Quote from: dank on August 28, 2012, 09:08:14 PM

Quote from: mrb on August 28, 2012, 08:56:37 PM

Please tell me what differentiates you from a Ponzi scheme? You match almost all red flags established by the U.S. SEC from http://www.sec.gov/answers/ponzi.htm#RedFlags :

High investment returns with little or no risk: Check. You claim it is "low risk" while returning an insane 180-370% yearly (2-3% weekly)
Overly consistent returns: Check.
Secretive and/or complex strategies: Check.
Etc... with the exception of difficulty receiving payment, because your scheme has yet to collapse.

Any intelligent investor should assume that you are a Ponzi.
Therefore I predict that your scheme will eventually collapse and default.
I was right when I predicted this for pirate, I will be right this time again.

I strongly recommend current Dank Bank investors to stress test the scheme by withdrawing all their funds at once on a particular day, this will collapse the scheme immediately.

This is hilarious. I have three investors, I've had five in total. That screams ponzi?

Yes. Again, you match almost all the Ponzi red flags from the above list. A Ponzi scheme can be sustained with even just 1 investor, as long as the rate of his/her withdrawals don't exceed the rate of deposits.

For example, to convince us you are not malicious, you would publish a lot more information about what you invest in. But you don't.

That doesn't mean I'm running a ponzi. [...]

But that's how you look to potential investors: you look very much like a Ponzi with a 95% probability, based on the information you give them.

At best, you are an overly confident man who is wrong to claim to be a "low risk" investment.

But I am not there to argue with you. I am there to warn potential investors/victims.

CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

Quote from: dank on August 29, 2012, 06:22:11 PM

Quote from: AndyRossy on August 29, 2012, 05:59:03 PM

Quote from: finkleshnorts on August 27, 2012, 01:08:50 PM

Transaction:

https://blockchain.info/tx-index/17418838/8816ee4a921249c7a5f7197e2c64d5ce4194e41bc1cb47441c12c8d9af209bdd

(I'm not a dank shill)

Grinder, you are right. We have no way of knowing whether dank (or anyone else) is running a scam. I don't know either way.

But I, for one, am satisfied in my dealings with dank today. Always, use caution whenever sending your bitcoins to anyone.

What worries me, is that the coin for you payout came from the top-up deposit of 75BTC below.

Quote from: dank on August 21, 2012, 10:56:24 AM

Quote from: DeathAndTaxes on August 21, 2012, 10:52:39 AM

Quote from: dank on August 21, 2012, 10:42:11 AM

Deposit/donation, same thing when it's being put to good use. How about refundable donation?

Wait what? Donation implies the person shouldn't expect a return.

How about investment? Both the principal and interest are an obligation not something nice which may or may not happen.

Yes, I know, it was a slight slip of words.

75 additional BTC deposited with Dank Bank.

see https://blockchain.info/address/1CYsWicNjn2t4d7dT11vKvQbMvRt6oNou2 (dank bank deposit address I assume)

Not quite sure if this is worrying, or not, or do I understand the "greyness" that defines a Ponzi; but I would question how you'd repay DeathAndTaxes 75BTC if he requested it prior to any deposits.

I'd be lying if I said I never paid a loan off with another loan ...

This is very reassuring to hear

dank

legendary

Activity: 1134

Merit: 1002

You cannot kill love

That's why you invest in it and speed it up.

repentance

hero member

Activity: 868

Merit: 1000

Quote

extension 1 week

https://bitcointalksearch.org/topic/50-btc-loan-to-dank-101336

I guess the rock star business is slow at the moment.

dank

legendary

Activity: 1134

Merit: 1002

You cannot kill love

Quote from: mrb on August 30, 2012, 12:52:07 AM

Quote from: dank on August 28, 2012, 09:08:14 PM

Quote from: mrb on August 28, 2012, 08:56:37 PM

Please tell me what differentiates you from a Ponzi scheme? You match almost all red flags established by the U.S. SEC from http://www.sec.gov/answers/ponzi.htm#RedFlags :

High investment returns with little or no risk: Check. You claim it is "low risk" while returning an insane 180-370% yearly (2-3% weekly)
Overly consistent returns: Check.
Secretive and/or complex strategies: Check.
Etc... with the exception of difficulty receiving payment, because your scheme has yet to collapse.

Any intelligent investor should assume that you are a Ponzi.
Therefore I predict that your scheme will eventually collapse and default.
I was right when I predicted this for pirate, I will be right this time again.

I strongly recommend current Dank Bank investors to stress test the scheme by withdrawing all their funds at once on a particular day, this will collapse the scheme immediately.

This is hilarious. I have three investors, I've had five in total. That screams ponzi?

Yes. Again, you match almost all the Ponzi red flags from the above list. A Ponzi scheme can be sustained with even just 1 investor, as long as the rate of his/her withdrawals don't exceed the rate of deposits.

For example, to convince us you are not malicious, you would publish a lot more information about what you invest in. But you don't.

That doesn't mean I'm running a ponzi. This is how Dank Bank works, I tell you I'm going to be a famous musician and successful businessman, you either believe it or not. If you have faith in me, you invest in me and help me reach my goals.

I'm telling you straight up I am going to be wealthy and I'm going to share the wealth with those who helped me achieve it. I'm not going to try and comfort you so you can rest better by giving my business away.

It's that simple. If you believe, invest. If you don't, don't.

mrb

legendary

Activity: 1512

Merit: 1028

Quote from: dank on August 28, 2012, 09:08:14 PM

Quote from: mrb on August 28, 2012, 08:56:37 PM

Please tell me what differentiates you from a Ponzi scheme? You match almost all red flags established by the U.S. SEC from http://www.sec.gov/answers/ponzi.htm#RedFlags :

High investment returns with little or no risk: Check. You claim it is "low risk" while returning an insane 180-370% yearly (2-3% weekly)
Overly consistent returns: Check.
Secretive and/or complex strategies: Check.
Etc... with the exception of difficulty receiving payment, because your scheme has yet to collapse.

Any intelligent investor should assume that you are a Ponzi.
Therefore I predict that your scheme will eventually collapse and default.
I was right when I predicted this for pirate, I will be right this time again.

I strongly recommend current Dank Bank investors to stress test the scheme by withdrawing all their funds at once on a particular day, this will collapse the scheme immediately.

This is hilarious. I have three investors, I've had five in total. That screams ponzi?

Yes. Again, you match almost all the Ponzi red flags from the above list. A Ponzi scheme can be sustained with even just 1 investor, as long as the rate of his/her withdrawals don't exceed the rate of deposits.

For example, to convince us you are not malicious, you would publish a lot more information about what you invest in. But you don't.

finkleshnorts

sr. member

Activity: 336

Merit: 250

Quote from: dank on August 29, 2012, 06:43:49 PM

I don't really get what you're suggesting, but I'm not in the proper mind state at the moment so I'm gonna go play guitar and I'll come back later.

lmao.

dank

legendary

Activity: 1134

Merit: 1002

You cannot kill love

I don't really get what you're suggesting, but I'm not in the proper mind state at the moment so I'm gonna go play guitar and I'll come back later.

AndyRossy

sr. member

Activity: 448

Merit: 250

Quote from: dank on August 29, 2012, 06:22:11 PM

Quote from: AndyRossy on August 29, 2012, 05:59:03 PM

Quote from: finkleshnorts on August 27, 2012, 01:08:50 PM

Transaction:

https://blockchain.info/tx-index/17418838/8816ee4a921249c7a5f7197e2c64d5ce4194e41bc1cb47441c12c8d9af209bdd

(I'm not a dank shill)

Grinder, you are right. We have no way of knowing whether dank (or anyone else) is running a scam. I don't know either way.

But I, for one, am satisfied in my dealings with dank today. Always, use caution whenever sending your bitcoins to anyone.

What worries me, is that the coin for you payout came from the top-up deposit of 75BTC below.

Quote from: dank on August 21, 2012, 10:56:24 AM

Quote from: DeathAndTaxes on August 21, 2012, 10:52:39 AM

Quote from: dank on August 21, 2012, 10:42:11 AM

Deposit/donation, same thing when it's being put to good use. How about refundable donation?

Wait what? Donation implies the person shouldn't expect a return.

How about investment? Both the principal and interest are an obligation not something nice which may or may not happen.

Yes, I know, it was a slight slip of words.

75 additional BTC deposited with Dank Bank.

see https://blockchain.info/address/1CYsWicNjn2t4d7dT11vKvQbMvRt6oNou2 (dank bank deposit address I assume)

Not quite sure if this is worrying, or not, or do I understand the "greyness" that defines a Ponzi; but I would question how you'd repay DeathAndTaxes 75BTC if he requested it prior to any deposits.

Well it wasn't DeathAndTaxes who made that deposit, but I give every deposit a minimum duration so I can utilize each deposit and make the principle back before the term is over.

I might as well start a ponzi, if I had the funds pirate did, I would actually do something useful with them and return the principles when it was large enough. Not that I want to take the risk and responsibility of a 7% weekly ponzi. I know I could have handled it better than pirate did though.

I'd be lying if I said I never paid a loan off with another loan (at least partially), but this is a practice I haven't done for a while as I have learned just how slippery of a slope that can be. That's why I invest each loan differently to return profit before the deadline. As novel as it may seem, Dank Bank is just a way to invest in a person or idea even.

It just feels kinda strange that it's on the same date as he said "additional BTC deposited", the same amount, and to your deposit address, and that this was used to pay your last withdrawal.

dank

legendary

Activity: 1134

Merit: 1002

You cannot kill love

Quote from: AndyRossy on August 29, 2012, 05:59:03 PM

Quote from: finkleshnorts on August 27, 2012, 01:08:50 PM

Transaction:

https://blockchain.info/tx-index/17418838/8816ee4a921249c7a5f7197e2c64d5ce4194e41bc1cb47441c12c8d9af209bdd

(I'm not a dank shill)

Grinder, you are right. We have no way of knowing whether dank (or anyone else) is running a scam. I don't know either way.

But I, for one, am satisfied in my dealings with dank today. Always, use caution whenever sending your bitcoins to anyone.

What worries me, is that the coin for you payout came from the top-up deposit of 75BTC below.

Quote from: dank on August 21, 2012, 10:56:24 AM

Quote from: DeathAndTaxes on August 21, 2012, 10:52:39 AM

Quote from: dank on August 21, 2012, 10:42:11 AM

Deposit/donation, same thing when it's being put to good use. How about refundable donation?

Wait what? Donation implies the person shouldn't expect a return.

How about investment? Both the principal and interest are an obligation not something nice which may or may not happen.

Yes, I know, it was a slight slip of words.

75 additional BTC deposited with Dank Bank.

see https://blockchain.info/address/1CYsWicNjn2t4d7dT11vKvQbMvRt6oNou2 (dank bank deposit address I assume)

Not quite sure if this is worrying, or not, or do I understand the "greyness" that defines a Ponzi; but I would question how you'd repay DeathAndTaxes 75BTC if he requested it prior to any deposits.

Well it wasn't DeathAndTaxes who made that deposit, but I give every deposit a minimum duration so I can utilize each deposit and make the principle back before the term is over.

I might as well start a ponzi, if I had the funds pirate did, I would actually do something useful with them and return the principles when it was large enough. Not that I want to take the risk and responsibility of a 7% weekly ponzi. I know I could have handled it better than pirate did though.

I'd be lying if I said I never paid a loan off with another loan (at least partially), but this is a practice I haven't done for a while as I have learned just how slippery of a slope that can be. That's why I invest each loan differently to return profit before the deadline. As novel as it may seem, Dank Bank is just a way to invest in a person or idea even.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Just to make sure there is no confusion, I have no funds on deposit @ Dank Bank.
I was just providing some clarification on terminology (i.e. a debtor shouldn't use the term donation just as a charity shouldn't use the term deposit).

AndyRossy

sr. member

Activity: 448

Merit: 250

Quote from: finkleshnorts on August 27, 2012, 01:08:50 PM

Transaction:

https://blockchain.info/tx-index/17418838/8816ee4a921249c7a5f7197e2c64d5ce4194e41bc1cb47441c12c8d9af209bdd

(I'm not a dank shill)

Grinder, you are right. We have no way of knowing whether dank (or anyone else) is running a scam. I don't know either way.

But I, for one, am satisfied in my dealings with dank today. Always, use caution whenever sending your bitcoins to anyone.

What worries me, is that the coin for you payout came from the top-up deposit of 75BTC below.

Quote from: dank on August 21, 2012, 10:56:24 AM

Quote from: DeathAndTaxes on August 21, 2012, 10:52:39 AM

Quote from: dank on August 21, 2012, 10:42:11 AM

Deposit/donation, same thing when it's being put to good use. How about refundable donation?

Wait what? Donation implies the person shouldn't expect a return.

How about investment? Both the principal and interest are an obligation not something nice which may or may not happen.

Yes, I know, it was a slight slip of words.

75 additional BTC deposited with Dank Bank.

see https://blockchain.info/address/1CYsWicNjn2t4d7dT11vKvQbMvRt6oNou2 (dank bank deposit address I assume)

Not quite sure if this is worrying, or not, or do I understand the "greyness" that defines a Ponzi; but I would question how you'd repay DeathAndTaxes 75BTC if he requested it prior to any deposits.

dank

legendary

Activity: 1134

Merit: 1002

You cannot kill love

Quote from: mrb on August 28, 2012, 08:56:37 PM

Quote from: dank on July 28, 2012, 02:03:29 AM

Dank Bank is structurally not a ponzi scheme.

Please tell me what differentiates you from a Ponzi scheme? You match almost all red flags established by the U.S. SEC from http://www.sec.gov/answers/ponzi.htm#RedFlags :

High investment returns with little or no risk: Check. You claim it is "low risk" while returning an insane 180-370% yearly (2-3% weekly)
Overly consistent returns: Check.
Secretive and/or complex strategies: Check.
Etc... with the exception of difficulty receiving payment, because your scheme has yet to collapse.

Any intelligent investor should assume that you are a Ponzi.
Therefore I predict that your scheme will eventually collapse and default.
I was right when I predicted this for pirate, I will be right this time again.

I strongly recommend current Dank Bank investors to stress test the scheme by withdrawing all their funds at once on a particular day, this will collapse the scheme immediately.

This is hilarious. I have three investors, I've had five in total. That screams ponzi? If I really wanted to make a ponzi, I would make a fake ID, establish myself as I normal person and aim for the most costumers possible. Then I would pull a pirate and buy my debt back at 20% and pay it all off.

But I'm not the kind of person to do that.

mrb

legendary

Activity: 1512

Merit: 1028

Quote from: dank on July 28, 2012, 02:03:29 AM

Dank Bank is structurally not a ponzi scheme.

Please tell me what differentiates you from a Ponzi scheme? You match almost all red flags established by the U.S. SEC from http://www.sec.gov/answers/ponzi.htm#RedFlags :

High investment returns with little or no risk: Check. You claim it is "low risk" while returning an insane 180-370% yearly (2-3% weekly)
Overly consistent returns: Check.
Secretive and/or complex strategies: Check.
Etc... with the exception of difficulty receiving payment, because your scheme has yet to collapse.

Any intelligent investor should assume that you are a Ponzi.
Therefore I predict that your scheme will eventually collapse and default.
I was right when I predicted this for pirate, I will be right this time again.

I strongly recommend current Dank Bank investors to stress test the scheme by withdrawing all their funds at once on a particular day, this will collapse the scheme immediately.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: Matthew N. Wright on August 28, 2012, 02:31:25 AM

Quote from: dank on August 28, 2012, 12:43:20 AM

http://www.2shared.com/audio/E055Z0Cm/Untitled__39_.html

What the fuck is this crap. Are you trying to scare away investors?

It's a proof of concept attack against anyone using a brain wallet. It's not possible to actually recover the coins, but the damage it does removes coins from circulation and increases the value of all other holdings.

dank

legendary

Activity: 1134

Merit: 1002

You cannot kill love