Topic: Starfish BCB - Loans and Deposits - page 20. (Read 60537 times)
Made a request to pull out a few hundred BTC several days ago. Happy to say that I just received a partial payment amounting to about a third of that. I think that this is a fair way to deal with the situation - in a possible bad case scenario the effects of any loans that could later turn out to be slow/toxic will be distributed pro rata amongst the depositors.
rates will be dropping a nominal 1%/month
You mean dropping to 1%/month, right?
Otherwise in a few of months the rate would be negative!
yes, that sounds more likely (although the other option could be interesting)
rates will be dropping a nominal 1%/month
You mean dropping to 1%/month, right?
Otherwise in a few of months the rate would be negative!
Pull your head in Micon. Patrick is solvent but pirate defaulting/whatever you call it led to a bank run of panicky investors. High School economics students understand how thiat works. Everyone will be paid and I would like to see an apology posted here from you when the process is complete. Patrick, ignore the fucking trolls.
If that happens, I will apologize to both of you.Excellent thank you. You will.
Pull your head in Micon. Patrick is solvent but pirate defaulting/whatever you call it led to a bank run of panicky investors. High School economics students understand how thiat works. Everyone will be paid and I would like to see an apology posted here from you when the process is complete. Patrick, ignore the fucking trolls.
If that happens, I will apologize to both of you. At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.
In light of the slew of scams recently, I've learned a few things:
Again, thanks to PatrickHarnett for being trustworthy.
In light of the slew of scams recently, I've learned a few things:
- Don't do anything with BTC that you wouldn't do with cash
- Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
- Leave most of your money in cold storage
Again, thanks to PatrickHarnett for being trustworthy.
Did you contact him ahead of time? This is not typical (12 hr withdrawal time), as I and others have been waiting for the withdrawals to go through and it is expected to take about a week.
oh boy.
don't like the sound of that. It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam. If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.
Pull your head in Micon. Patrick is solvent but pirate defaulting/whatever you call it led to a bank run of panicky investors. High School economics students understand how thiat works. Everyone will be paid and I would like to see an apology posted here from you when the process is complete. Patrick, ignore the fucking trolls.
oh boy.
don't like the sound of that. It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam. If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.
don't like the sound of that. It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam. If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.
If anyone ever deserved a punch in the mouth, it'd be you.
sounds about right. the culture of stupidity that has infected this forum is mind boggling. This guy wants to punch me in the mouth, when I have screamed to the hilltops to save naive BTC investors coin and to help mitigate the damage done to bitcoin itself on this one - why not direct your rage AT THE GUY WHO STOLE $5M FROM THIS COMMUNITY.
or just punch the messenger / whistle-blower, whatever.
I have 100% faith in Mr. Starr
I don't care if you have faith in the tooth fairy, you're getting rolled son.
I have 100% faith in Mr. Starr
oh boy.
don't like the sound of that. It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam. If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.
don't like the sound of that. It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam. If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.
If anyone ever deserved a punch in the mouth, it'd be you.
No, it would be pirate, MNW, and Patrick. in that order.
oh boy.
don't like the sound of that. It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam. If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.
don't like the sound of that. It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam. If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.
If anyone ever deserved a punch in the mouth, it'd be you.
At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.
In light of the slew of scams recently, I've learned a few things:
Again, thanks to PatrickHarnett for being trustworthy.
In light of the slew of scams recently, I've learned a few things:
- Don't do anything with BTC that you wouldn't do with cash
- Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
- Leave most of your money in cold storage
Again, thanks to PatrickHarnett for being trustworthy.
Did you contact him ahead of time? This is not typical (12 hr withdrawal time), as I and others have been waiting for the withdrawals to go through and it is expected to take about a week.
oh boy.
don't like the sound of that. It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam. If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.
Decisive, positive action. Good work Patrick.
The rates will never return to weekly anyway.
Good luck Patrick, and I'm sorry to be part of this "bank run" :/
That's ok - everyone does what they need to do.
I was just reading about the potential collapse of the euro with an impending decision from Germany, and a related article about a "perfect storm" for the world economy being discussed at the Ambrosetti Forum. Maybe there will be some further bank runs, or at least a significant correction.
I initially proposed a queue for withdrawal requests. However, the past few days has revealed and confirmed a number of issues and a queue would be unfair under the circumstances. Therefore, I will be making repayments on a pro-rata basis.
The wider situation is that we are seeing a simple "bank run". Everyone wants their coins back from everyone else at the same time. I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments. These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC. The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.
Starfish does still have income, and following this week's accumulation rates will be dropping a nominal 1%/month as I consider reducing it to zero to be counter productive.
The wider situation is that we are seeing a simple "bank run". Everyone wants their coins back from everyone else at the same time. I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments. These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC. The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.
Starfish does still have income, and following this week's accumulation rates will be dropping a nominal 1%/month as I consider reducing it to zero to be counter productive.
This seems reasonable. With all the scams etc going on (not Patrick) I'm just glad to have some coins, lol.
I initially proposed a queue for withdrawal requests. However, the past few days has revealed and confirmed a number of issues and a queue would be unfair under the circumstances. Therefore, I will be making repayments on a pro-rata basis.
The wider situation is that we are seeing a simple "bank run". Everyone wants their coins back from everyone else at the same time. I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments. These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC. The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.
Starfish does still have income, and following this week's accumulation rates will be dropping a nominal 1%/month as I consider reducing it to zero to be counter productive.
The wider situation is that we are seeing a simple "bank run". Everyone wants their coins back from everyone else at the same time. I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments. These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC. The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.
Starfish does still have income, and following this week's accumulation rates will be dropping a nominal 1%/month as I consider reducing it to zero to be counter productive.
The rates will never return to weekly anyway.
Good luck Patrick, and I'm sorry to be part of this "bank run" :/
I know he won't run
. He pmed me about his new secret master plan which he will post here shortly (srs).
[/quote]
I wouldn't call it a master plan - the trolls might have some other descriptions for it, and I expect a bunch of angry people too.
I initially proposed a queue for withdrawal requests. However, the past few days has revealed and confirmed a number of issues and a queue would be unfair under the circumstances. Therefore, I will be making repayments on a pro-rata basis.
The wider situation is that we are seeing a simple "bank run". Everyone wants their coins back from everyone else at the same time. I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments. These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC. The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.
Starfish does still have income, and following this week's accumulation rates will be dropping to a nominal 1%/month as I consider reducing it to zero to be counter productive.
The wider situation is that we are seeing a simple "bank run". Everyone wants their coins back from everyone else at the same time. I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments. These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC. The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.
Starfish does still have income, and following this week's accumulation rates will be dropping to a nominal 1%/month as I consider reducing it to zero to be counter productive.
At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.
In light of the slew of scams recently, I've learned a few things:
Again, thanks to PatrickHarnett for being trustworthy.
In light of the slew of scams recently, I've learned a few things:
- Don't do anything with BTC that you wouldn't do with cash
- Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
- Leave most of your money in cold storage
Again, thanks to PatrickHarnett for being trustworthy.
Did you contact him ahead of time? This is not typical (12 hr withdrawal time), as I and others have been waiting for the withdrawals to go through and it is expected to take about a week.
If it's any consolation, though: he's stopped accepting deposits, so why return my BTC before he runs? It could have paid for plenty of plane luggage.
. He pmed me about his new secret master plan which he will post here shortly (srs). Jump to: