Starfish BCB - Loans and Deposits - page 21.

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

Quote from: nimda on September 09, 2012, 02:48:38 PM

Quote from: Bjork on September 09, 2012, 02:05:23 PM

Quote from: nimda on September 09, 2012, 11:47:06 AM

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:

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.

It was small. If you note my post way back in this thread, I keep most of my BTC in cold storage.

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.

I know he won't run

. He pmed me about his new secret master plan which he will post here shortly (srs).

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

Quote from: Bjork on September 09, 2012, 02:05:23 PM

Quote from: nimda on September 09, 2012, 11:47:06 AM

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:

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.

It was small. If you note my post way back in this thread, I keep most of my BTC in cold storage.

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.

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

Quote from: nimda on September 09, 2012, 11:47:06 AM

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:

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.

OneEyed

full member

Activity: 154

Merit: 100

Quote from: nimda on September 09, 2012, 11:47:06 AM

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:

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.

Your second point is important. From what I could see here, the people worth trusting with your BTC are those whose identity is known. I guess being identifiable and easily reachable (e.g., being in a country well represented on this forum, compared to being in South Korea) filters out dishonest people, who would prefer to stay anonymous for obvious reasons.

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

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:

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.

Micon

legendary

Activity: 1232

Merit: 1014

FPV Drone Pilot

Quote from: PatrickHarnett on September 09, 2012, 03:16:01 AM

Thanks for the reminder to update the OP, but deposits have been restricted/disallowed for several weeks now. Otherwise bitcoinbull's post is rather irrelevant.

so again, why would you ever need to take new deposits if you have run such a successful business? start paying back the 1%/wk debt, right?

PatrickHarnett

hero member

Activity: 518

Merit: 500

Thanks for the reminder to update the OP, but deposits have been restricted/disallowed for several weeks now. Otherwise bitcoinbull's post is rather irrelevant.

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: PatrickHarnett on January 26, 2012, 01:45:53 PM

Edit 15 August 2012: New deposits up to 100BTC are still welcome as this is a service I believe should be provided to the community. Deposits from existing customers beyond 500BTC will be permitted based on the age of the account - you will need to contact me.

PatrickHarnett

hero member

Activity: 518

Merit: 500

As an update, I will be writing to all of the people that currently have loans from Starfish over the next few days. The purpose is to determine which loans can be recalled early, and which ones can not and need to run the agreed terms.

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

Just wanted to add that I talked with Pat via PM and everything's peachy.

salty

full member

Activity: 562

Merit: 100

Quote from: Bjork on September 07, 2012, 07:46:43 PM

Quote from: salty on September 07, 2012, 05:41:57 PM

Withdrawal requested and recieved same day, thanks Patrick.

I'm not trying to neg Patrick at all, he does provide a great service. Just wondering how backed up we are so I can have some approximation of when the funds will clear. If it will be a week that is fine by me, I would just like to know when to expect it.

As Patrick said, I notified him last week I would be needing the money this week, I've got a Cairnsmore mining board to collect on monday

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

Quote from: salty on September 07, 2012, 05:41:57 PM

Withdrawal requested and recieved same day, thanks Patrick.

I'm not trying to neg Patrick at all, he does provide a great service. Just wondering how backed up we are so I can have some approximation of when the funds will clear. If it will be a week that is fine by me, I would just like to know when to expect it.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: salty on September 07, 2012, 05:41:57 PM

Withdrawal requested and recieved same day, thanks Patrick.

Note, this was advised about a week ago, so it was expected.

salty

full member

Activity: 562

Merit: 100

Withdrawal requested and recieved same day, thanks Patrick.

Bjork

sr. member

Activity: 457

Merit: 250

Look for the bear necessities!!

Quote from: PatrickHarnett on September 06, 2012, 01:07:42 AM

I've been thinking about what to do with Starfish for a while. This partly because of timing over the last few weeks with net withdrawals being high including a net 1700 in the past week. This is on top of honouring 6000BTC of BS&T payments after Pirate inopportunely froze fund transfers. I have also been addressing some particular questions about repayment times because many of the Starfish assets are longer term loans or investments.

Options have included forced withdrawals, lowering rates, setting fixed repayment times/delays. What I intend doing is allow the outstanding loans to be repaid on their current schedule and use the funds to continue to meet withdrawal requests as and when they occur. As some of these extend three to six months, it is going to take a while as borrowers are not able to magically come up with funds, otherwise they would not have borrowed in the first place.

I have a commitment to return 750BTC at the end of the month for someone already that will be met, Otherwise, withdrawals will be processed in order with the balance to be paid confirmed at the time the request is made. I am not accepting new accounts or deposits.

Curious as to how long it will take for requested withdrawals to be processed? Days, weeks, a month?? It does not seem reasonable to stop paying interest if it is going to take a long time for the withdrawal to go through.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: Trance104 on September 06, 2012, 07:21:13 PM

I hate to see it go! My goal was to reach 100 coins with you! Oh well!

Kiss

On straight compounding that'll take a while

Trance104

full member

Activity: 206

Merit: 100

I hate to see it go! My goal was to reach 100 coins with you! Oh well!

Kiss

PatrickHarnett

hero member

Activity: 518

Merit: 500

Updated balance list https://bitcointalksearch.org/topic/m.981017
Weekly interest payments for non-compounding accounts issued

Total on deposit @ Starfish = 15,250.

Scott J

legendary

Activity: 1792

Merit: 1000

Quote from: geod on September 06, 2012, 02:10:36 PM

Are deposits still being accepted?

Quote from: PatrickHarnett on September 06, 2012, 01:07:42 AM

I am not accepting new accounts or deposits.

geod

newbie

Activity: 18

Merit: 0

Are deposits still being accepted?

Topic: Starfish BCB - Loans and Deposits - page 21. (Read 60537 times)