I suggest any investment program which refuses to reveal their business model that promises high yield returns be placed there.
I am agnostic on the pirate-related investment schemes but the lending forum is starting to resemble talkgold.com
I am agnostic on the pirate-related investment schemes but the lending forum is starting to resemble talkgold.com
I like this Idea as well, Think the securities and lending forum need to be tightened up. The whole pirate thing is choice of investor, if you feel good handing someone money over the internet to go do what they want with, that's your choice. Me I like to see what exactly there doing with it, for all we know it could be funding al-Qaeda lol.
I dont care what people do with their own money I just dont think this forum should legitimise shady investment schemes, especially ones sucking so many coins out of the productive economy
The "productive economy" - hmmm, that's an interesting statement.
For the majority of 2012 I had 1000 coins invested in a venture paying 3%/week. I knew what the business model was, who was doing it and that it wasn't a fraud. The income allowed me to further the bitcoin economy.
I would happily point out that lending rates were (and sometimes still are) 15% per month and my default rate is 2.5%/week with weekly payments. On the metrics discussed here and elsewhere, this would be labelled a scam and illegal and I would be subject of personal abuse and slander. When are the "holier than thou" people going to grow up and realise this happens to be the market that bitcoin actually encourages (on a risk adjusted basis). Over time the economy will mature and that is why the deposit rates are declining (and lending rates too).
I find it annoying as someone doing a large volume of business that this forum is divided along the lines of nay-sayers and a growing group of customers that appreciate what I and other people do ( my customer list is around 200 individuals not counting the people that simply seek advice).
(yes, a grumpy Starfish)
