Does anyone know any more details or have experience with this site?
From what I could gather:
Wilkins Chung, Michael Douglas and Euwyn Poon all come from the mobile gaming industry. Granted they received funding through Y Combinator, but that was for those ideas.
Euwyn Poon is a Comp. Sci major and a J.D. and has founded Optask (their site doesn't load), which seems kind of like fiverr.
They all seem fairly young, mid twenties - thirties.
I see that they're incorporated in Hong Kong.
If anyone has any other info to add about service they provide or other information please let me know.
Thanks!
Topic: Delta Financial Offers Interest-Bearing Bitcoin Accounts - page 3. (Read 5012 times)
So. Financial institutions are beginning to take the tack of, "If you can't beat 'em, join 'em." Good, bad, ugly? http://www.coindesk.com/delta-financial-offers-interest-bearing-bitcoin-accounts/
Thats good to hear.
So the Bitcoin Libor Rate must be good right now.... errr.
Interest offered on Btc invariably = Ponzi
Just saying.
be careful.
Since some of you have never seen a Bitcoin site paying interest... there are a few Bitcoin sites like playtin (fixed rate) or mcxnow (variable rate) that really do this.
Delta Financial is a Bitfinex clone. Basically, you provide funds that Delta Financial loans out for margin trading. If the trader goes bust, Delta Financial is supposed to cover it. If Delta Financial goes bust, you lose your coins.
I can see people are taking the pirateat40 model.
For any newbies, pirateat40 had a ponzi scheme, which first started off him trying to day trade the funds to get the 7% he was offering.
For any newbies, pirateat40 had a ponzi scheme, which first started off him trying to day trade the funds to get the 7% he was offering.
That definitely cannot end well. You may as well just start up something similar, and then just play prime dice with everyone's money. You could offer 100% returns in an hour...lol
I can see people are taking the pirateat40 model.
For any newbies, pirateat40 had a ponzi scheme, which first started off him trying to day trade the funds to get the 7% he was offering.
For any newbies, pirateat40 had a ponzi scheme, which first started off him trying to day trade the funds to get the 7% he was offering.
So. Financial institutions are beginning to take the tack of, "If you can't beat 'em, join 'em." Good, bad, ugly? http://www.coindesk.com/delta-financial-offers-interest-bearing-bitcoin-accounts/
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