125% per year is unsustainable. This is obviously a ponzi.
first you give him positive trust and now you treat him like a scammer?
I will take this from here Martin. Bitcoin-Police is in town!
self appointed bitcoin police
gotta love it lol
Topic: Looking for investors (Decent returns) (Read 1856 times)
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
first you give him positive trust and now you treat him like a scammer?
I will take this from here Martin. Bitcoin-Police is in town!
self appointed bitcoin police
gotta love it lol
125% per year is unsustainable. This is obviously a ponzi.
first you give him positive trust and now you treat him like a scammer?
I will take this from here Martin. Bitcoin-Police is in town!
Take what from here? All you do is run your mouth with your pathetic newb account and leave useless feedback.
Change your diaper, it's full.
Somebody seems a little bit butthurt here?
125% per year is unsustainable. This is obviously a ponzi.
first you give him positive trust and now you treat him like a scammer?
I will take this from here Martin. Bitcoin-Police is in town!
Take what from here? All you do is run your mouth with your pathetic newb account and leave useless feedback.
Change your diaper, it's full.
125% per year is unsustainable. This is obviously a ponzi.
first you give him positive trust and now you treat him like a scammer?
I will take this from here Martin. Bitcoin-Police is in town!
Because first he did something positive, then he did something scammy. Hard to understand?
125% per year is unsustainable. This is obviously a ponzi.
first you give him positive trust and now you treat him like a scammer?
I will take this from here Martin. Bitcoin-Police is in town!
They might take issue with it but considering its not a real bank and bitcoin is not a real currency it might be ok. I should probably check at work about that tomorrow.
You seem clueless about a lot of things.
http://www.inc.com/will-yakowicz/bank-of-america-report-bitcoin-serious-competitor-to-cash.html
I didn't know that either, I'll ask the Merrill Lynch guy at my branch about it tomorrow and see what he thinks about that article.
They might take issue with it but considering its not a real bank and bitcoin is not a real currency it might be ok. I should probably check at work about that tomorrow.
You seem clueless about a lot of things.
http://www.inc.com/will-yakowicz/bank-of-america-report-bitcoin-serious-competitor-to-cash.html
I actually hadn't considered that. Do you have an Idea on how I could fix that problem? I guess to do that I would have to do something like cryptsy does, and that seems like way more trouble than its worth.
:/ shit.
:/ shit.
You can't fix the problem. I can start a group of investors, deposit my money, withdraw my interest, give it to my groupmate who uses it to reinvest in your scheme. It doesn't matter where the money is coming from - you are allowing new investments so you are paying 125% per year.
Go ask the bank you work for if its OK that you are running an unlicensed investment scheme and calling yourself a bank. See what they say.
Alright I get your point. Its not that great of an Idea I suppose, not so much because of the "I work at bank" thing but mainly because I just realized there really isn't anything I couldn't do to stop you from doing that.
I don't know for sure if the bank would be mad about this? They might take issue with it but considering its not a real bank and bitcoin is not a real currency it might be ok. I should probably check at work about that tomorrow.
I actually hadn't considered that. Do you have an Idea on how I could fix that problem? I guess to do that I would have to do something like cryptsy does, and that seems like way more trouble than its worth.
:/ shit.
:/ shit.
You can't fix the problem. I can start a group of investors, deposit my money, withdraw my interest, give it to my groupmate who uses it to reinvest in your scheme. It doesn't matter where the money is coming from - you are allowing new investments so you are paying 125% per year.
Go ask the bank you work for if its OK that you are running an unlicensed investment scheme and calling yourself a bank. See what they say.
Can you also fix the neg feedback? The interest doesn't compound so the 125% rate is completely wrong. Can you fix it to say the actual rate of 80% per year?
How do you stop me from investing twice with two different email addresses?
I actually hadn't considered that. Do you have an Idea on how I could fix that problem? I guess to do that I would have to do something like cryptsy does, and that seems like way more trouble than its worth.
:/ shit.
Can you also fix the neg feedback? The interest doesn't compound so the 125% rate is completely wrong. Can you fix it to say the actual rate of 80% per year?
How do you stop me from investing twice with two different email addresses?
Again the rate is not guaranteed only projected.
Ok, I have included that fact in the feedback.
If you could make that much money, why would you borrow from and pay strangers such unsustainable rates? Get a bank loan, use your own money and keep 125% more profit.
Well because getting a loan from an actually bank is a pain in the ass at my age, even though I work for Bank of America. This just seemed like a reasonable way for me to get enough coin in one place to turn a profit. The investors would make money, I would make some money, and people would have easier access to loans (with proper collateral).
Started this with good intentions :/
You work for the Bank of America and you are running an unlicensed investment scheme? That's a good way to get fired.
I don't know if doing this would get me fired.
Can you also fix the neg feedback? The interest doesn't compound so the 125% rate is completely wrong. Can you fix it to say the actual rate of 80% per year?
Again the rate is not guaranteed only projected.
Ok, I have included that fact in the feedback.
If you could make that much money, why would you borrow from and pay strangers such unsustainable rates? Get a bank loan, use your own money and keep 125% more profit.
Well because getting a loan from an actually bank is a pain in the ass at my age, even though I work for Bank of America. This just seemed like a reasonable way for me to get enough coin in one place to turn a profit. The investors would make money, I would make some money, and people would have easier access to loans (with proper collateral).
Started this with good intentions :/
You work for the Bank of America and you are running an unlicensed investment scheme? That's a good way to get fired.
Again the rate is not guaranteed only projected.
Ok, I have included that fact in the feedback.
If you could make that much money, why would you borrow from and pay strangers such unsustainable rates? Get a bank loan, use your own money and keep 125% more profit.
Well because getting a loan from an actually bank is a pain in the ass at my age, even though I work for Bank of America. This just seemed like a reasonable way for me to get enough coin in one place to turn a profit. The investors would make money, I would make some money, and people would have easier access to loans (with proper collateral).
Started this with good intentions :/
Also could you fix where it says 125% per year in the feedback? Its only 80% per year the interest isn't compound so we don't go anywhere close to that number.
Again the rate is not guaranteed only projected.
Ok, I have included that fact in the feedback.
If you could make that much money, why would you borrow from and pay strangers such unsustainable rates? Get a bank loan, use your own money and keep 125% more profit.
Its not compound interest, the interest is paid into your personal wallet at the end of the month, you only earn interest off of your initial investment. Other wise we would make no money and be far past fucked in a month.
So you vet new deposits to make sure they haven't deposited before?
Sorry man, have to leave you negative trust if you are going to be running a ponzi.
Paying for the privilege of debt never works out.
Its seriously not a ponzi, we don't only make money from the loans we are also trading coins and stuff.
A ponzi is payments from other investors which is something we would not be doing. Again the rate is not guaranteed only projected.
If you set yourself up with a trading investment account, and we use your .6 btc and buy lets say litecoin at a low price then sell it when its higher, you gain a bit of profit from that. Then if we use some part of your .6btc to issue a loan you gain profit from that as well (once the loan is repaid). I really cannot stress enough how the interest rate is not guaranteed its just the cap for your account.
Edit: So lets say we use your .6btc to make 1.5btc in trades a loans over the course of a year. That means you made 0.504 in BTC for investments that year (again this is not a guaranteed rate) while we make 0.396 BTC. ( 1.5 btc - .6 = .9 btc - .504 - 0.396BTC)
Its not compound interest, the interest is paid into your personal wallet at the end of the month, you only earn interest off of your initial investment. Other wise we would make no money and be far past fucked in a month.
So you vet new deposits to make sure they haven't deposited before?
Sorry man, have to leave you negative trust if you are going to be running a ponzi.
Paying for the privilege of debt never works out.
125% per year is unsustainable. This is obviously a ponzi.
Its not 125% per year at all.
Ok, what is it then?
7% per month compound interest is 125% per year.
Its not compound interest, the interest is paid into your personal wallet at the end of the month, you only earn interest off of your initial investment. Other wise we would make no money and be far past fucked in a month.
Edit: Example
If you deposit .6 BTC which is the largest amount you can invest with us currently, you can make up to 0.042 per month
(depending on the investment package) that 0.042 will not gain interest.
125% per year is unsustainable. This is obviously a ponzi.
Its not 125% per year at all.
Ok, what is it then?
7% per month compound interest is 125% per year.
125% per year is unsustainable. This is obviously a ponzi.
Its not 125% per year at all. Its a little closer to 80% of initial investment per year.
Edit: Also the rate IS NOT GUARANTEED! Please read the site the fine text at the bottom of the investments page.
125% per year is unsustainable. This is obviously a ponzi.
Edit:
This Idea had way to many flaws in it for me to continue with it.
Shout out to VOD for pointing them out and saving me a huge pain in the ass.
This Idea had way to many flaws in it for me to continue with it.
Shout out to VOD for pointing them out and saving me a huge pain in the ass.
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