IIRC FOO.PPPPT is also managed by you. how is this going?
At the moment it's not really going anywhere. Pirate has not paid and is unresponsive. There's a separate thread for FOO.PPPPT.
Topic: [REOPENED!] Brendio's Private Pirate Pass Through - 6.75 % weekly (Read 7909 times)
September 04, 2012, 05:24:21 AM
At the moment it's not really going anywhere. Pirate has not paid and is unresponsive. There's a separate thread for FOO.PPPPT.
September 03, 2012, 03:12:53 PM
IIRC FOO.PPPPT is also managed by you. how is this going?
September 03, 2012, 12:31:13 PM
did you send info on your PPT clients to pirate as he had asked for?
I sent him a list with your balances as at the last actual interest payment, your regular interest/withdrawal address and a sha256 hash of your forum username. I did not want to release usernames without permission, and really the withdrawal address should be enough should pirate wish to pay directly, but the hash will allow verification should someone later claim not to have been paid. I can't see why else pirate needs my client's usernames.
I have irc PMed pirate and now emailed him twice (on two different known addresses) asking him to confirm whether the information I have supplied is sufficient. So far, like many, I have received no reply from pirate.
Please advise me (via PM) if you are okay with me revealing your username to pirate.
Also, I am still trying to work out what the expected accumulated, unpaid interest on accounts should be. The calculation is not trivial. My initial calculations did not correspond with the balance now showing on my BS&T account. I need to do some more investigation of the formula that should be used and the time periods to which interest should apply.
September 03, 2012, 12:05:16 PM
did you send info on your PPT clients to pirate as he had asked for?
August 07, 2012, 02:11:28 PM
Interest payments went out earlier today.
Also, a bump to highlight that deposits are open at the moment:
Also, a bump to highlight that deposits are open at the moment:
I'm reopening to new depositors. Interest rate shall be 0.25 % below the tier of my account (so currently 6.75 %).
Minimum deposit: 100 BTC
Interest paid: weekly
Insurance: none.
Deadline for deposits: Mondays 12 pm UTC (I'll pay prorata interest, for the number of full 12 h periods, for the next couple of days until the deadline.
Minimum term: no minimum term, but there will be a 1 BTC withdrawal fee if funds are deposited for less than 4 weeks.
PM me for a deposit address and include an address for interest/withdrawals.
Depositors will be eligible for a BS&T Trust Sub-Account when they launch in August.
Minimum deposit: 100 BTC
Interest paid: weekly
Insurance: none.
Deadline for deposits: Mondays 12 pm UTC (I'll pay prorata interest, for the number of full 12 h periods, for the next couple of days until the deadline.
Minimum term: no minimum term, but there will be a 1 BTC withdrawal fee if funds are deposited for less than 4 weeks.
PM me for a deposit address and include an address for interest/withdrawals.
Depositors will be eligible for a BS&T Trust Sub-Account when they launch in August.
July 16, 2012, 12:10:31 PM
This week's interest has gone out.
My offer of BS&T Trust Sub-Accounts is still open.
My offer of BS&T Trust Sub-Accounts is still open.
July 09, 2012, 10:35:23 AM
This week's interest has gone out.
See post above if you want to get in on the action.
See post above if you want to get in on the action.
July 06, 2012, 02:22:30 AM
I'm reopening to new depositors. Interest rate shall be 0.25 % below the tier of my account (so currently 6.75 %).
Minimum deposit: 100 BTC
Interest paid: weekly
Insurance: none.
Deadline for deposits: Mondays 12 pm UTC (I'll pay prorata interest, for the number of full 12 h periods, for the next couple of days until the deadline.
Minimum term: no minimum term, but there will be a 1 BTC withdrawal fee if funds are deposited for less than 4 weeks.
PM me for a deposit address and include an address for interest/withdrawals.
Depositors will be eligible for a BS&T Trust Sub-Account when they launch in August.
Minimum deposit: 100 BTC
Interest paid: weekly
Insurance: none.
Deadline for deposits: Mondays 12 pm UTC (I'll pay prorata interest, for the number of full 12 h periods, for the next couple of days until the deadline.
Minimum term: no minimum term, but there will be a 1 BTC withdrawal fee if funds are deposited for less than 4 weeks.
PM me for a deposit address and include an address for interest/withdrawals.
Depositors will be eligible for a BS&T Trust Sub-Account when they launch in August.
July 04, 2012, 10:06:06 AM
Okay, as a preliminary update, I should be able to keep rates as they are for my private deposits come August. I'm in need of some more funds to stay at that level (on my current balance, rates would drop 1 %), but I am in discussions with investors to bring in the extra funds we need.
I'll announce more information about BS&T Trust Subaccounts in the middle of the month, once the new portal is in live beta and I am comfortable with how it works. If it's all good, I'll migrate investors there and you will better be able to track your investment! I'll probably open things up to new investors then also. In the meantime, if you have 500 BTC plus to invest, PM me.
I'll announce more information about BS&T Trust Subaccounts in the middle of the month, once the new portal is in live beta and I am comfortable with how it works. If it's all good, I'll migrate investors there and you will better be able to track your investment! I'll probably open things up to new investors then also. In the meantime, if you have 500 BTC plus to invest, PM me.
July 03, 2012, 11:42:34 AM
One thing that needs to be clarified is how the security deposit works. For example, does this deposit earn interest or not? If not, then the effective rate of interest on 5000 BTC would drop from 5 % to 4.5 %. I hope to have answers to questions such as these in time.
Yes, how the security deposit is handles will affect things. Fortunately, as you mentioned, there are 4 cycles before the new conditions kick in ... so there's no need to panic, needlessly speculate, or rush anything. July 02, 2012, 11:21:21 PM
Pirate paid earlier than usual this week. Payments sent.
Ideas about new pirate's conditions after August 1st? If you can get trusted account @5% and give to your depositors something like 4.3-4.5% would be nice.The August 01 terms of BS&T are that the Trusted accounts get a MINIMUM of 5%; the top end is not publicly known. For all we know it is still 7%. It means the pass-throughs will compete for interest rate ... and they may very well end up being near what they are offering right now (i.e. 6.75-6.90%). The 3.9% is for those who want to deposit with BS&T directly; it is low (with a high minimum balance) because BS&T wants to discourage many small accounts; they would rather have a very small number of very large accounts, hence the favourable rates given to the Trusted pass-throughs.
I'm hoping the new lending environment will allow pass-through rates to remain near what they are now; i.e. near 6.75%. It all depends on the rate Brendio (and others), as a Trusted account, can get from BS&T.
My take is this: At this time all we know is that they will get AT LEAST 5%, and likely more. A 0.10-0.25% profit for the Trusted account holder is reasonable, so if BS&T is still giving them 7% then our rates should remain at 6.75%.
In the worst case, if BS&T is offering only 5% to the trusted accounts (not likely to be this low, however), then we can expect 4.75% to 4.9%.
July 02, 2012, 10:24:08 PM
Hi all. I will wait until more details are given before I make an announcement. With four weeks until the change, there is no need to rush decisions, but I will do my best to keep depositors in the loop.
Regards,
Brendio.
Regards,
Brendio.
July 02, 2012, 05:31:11 PM
Pirate paid earlier than usual this week. Payments sent.
Ideas about new pirate's conditions after August 1st? If you can get trusted account @5% and give to your depositors something like 4.3-4.5% would be nice.The August 01 terms of BS&T are that the Trusted accounts get a MINIMUM of 5%; the top end is not publicly known. For all we know it is still 7%. It means the pass-throughs will compete for interest rate ... and they may very well end up being near what they are offering right now (i.e. 6.75-6.90%). The 3.9% is for those who want to deposit with BS&T directly; it is low (with a high minimum balance) because BS&T wants to discourage many small accounts; they would rather have a very small number of very large accounts, hence the favourable rates given to the Trusted pass-throughs.
I'm hoping the new lending environment will allow pass-through rates to remain near what they are now; i.e. near 6.75%. It all depends on the rate Brendio (and others), as a Trusted account, can get from BS&T.
My take is this: At this time all we know is that they will get AT LEAST 5%, and likely more. A 0.10-0.25% profit for the Trusted account holder is reasonable, so if BS&T is still giving them 7% then our rates should remain at 6.75%.
In the worst case, if BS&T is offering only 5% to the trusted accounts (not likely to be this low, however), then we can expect 4.75% to 4.9%.
July 02, 2012, 03:43:22 PM
Pirate paid earlier than usual this week. Payments sent.
Thanks
Ideas about new pirate's conditions after August 1st? If you can get trusted account @5% and give to your depositors something like 4.3-4.5% would be nice.
July 02, 2012, 12:02:01 PM
Pirate paid earlier than usual this week. Payments sent.
June 25, 2012, 08:30:37 PM
Payments sent.
June 18, 2012, 09:19:24 PM
This week's payment has been sent out to depositors.
June 11, 2012, 10:22:39 PM
This week's payments sent. The GLBSE issue is waiting for confirmations.
Got it. Thanks again for the speedy payment. June 11, 2012, 07:58:44 PM
This week's payments sent. The GLBSE issue is waiting for confirmations.
June 04, 2012, 10:11:50 AM
I've just sent out this week's payments. Sent within 2 blocks of the interest coming in from BS&T. Don't count on me always being this fast.
Is the payments coming to the GLBSE too? 
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