Topic: Starfish BCB - Loans and Deposits - page 22. (Read 60537 times)

I agree, if at all possible, I'd like to see Patrick continue this operation (even if it's on a smaller scale), but I do understand if he does feel the need to close things out.

I hope not. I have enjoyed the service Patrick has provided: Send a PM and done.
I like the weekly updates that show how my BTC has grown. I also like the updates that show where the entire operation is . I find it interesting how my deposit, along with others and help other people in the form of loans.

So, if I had a choice, I would choose to keep my deposit with Starfish. But I understand that situations arise, and tough decisions need to be made.

Thanks for the update.

So you're planning to gradually wind it up entirely?

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.

I couldn't agree more. And in this case, it was made clear 2,000 bitcoins left the lending pool. He continues to borrow at 1%/week because he continues to earn >1% per week on the borrowed BTC.....

back to ignore you go. My human side had mistakingly hoped you actualy had an informed or intelligent post......

It is always important to ask a guy that claims to have a very profitable business why he continues to borrow money at 1%/wk

just made my first small deposit
tx: 40ce4491769abdb85fdeae2b190fd1cd4b10f64a4e303044d7bedf7b5aa53ab7
payment address: 1sky4vMh7e4FCBf9H3jnq5XkRXknLuq53

thanks

You could always take preorders on an imaginary product and get hundreds of people to give you interest free loans for months at a time. Clearly thats not a scam whereas paying people for using their coins is a scam 

Logic ftw!

If you would like to increase your deposit balance, please pm me.


Disclaimer (the less serious version)
LMFAO - what, you want to deposit?  Do you have permission from the guardians of the forum?  Do you know it might be a scam and I'll steal your money?  Any credit information you've seen could have been made up, falsified and used for a sixth grade economics project about the failure of the US banking system.

Does this mean you have some room for deposits? Would like to add some additional BTC.

Well, that was interesting.  Other than having a few quiet hours without random rubbish being posted, I received a withdrawal request because locking the thread was viewed as being non-transparent.

So I organised about 2200BTC and paid in about an hour of receiving the request (and no I'm not disclosing the transactions, my customer wouldn't like that).

Pirate is hardly "outed" and Micon should certainly not take credit for that.

As mentioned, I'm not going to make everyone happy all the time.  Obviously you have chosen one set of information, and I have another.  The ratings are a regurgitation of what's available rather than "outlandish claims", and I would therefore encourage you to ignore them if that is your view and I actively encourage people to do their own research - including on Starfish and me personally.  That is an issue separate to this thread.  there are 50,000 forum members and so far 49,999 haven't bothered to produce something better (artistic licence with the number, it's 62.9423 members).

I'm yet to have an example given where I am carry the responsibility for someone losing money, and perhaps it is a "scam" system where the people making the claims don't have any first hand experience.  I have had a few complaints over the past year, and I am not immune from making mistakes.  Not aware of anyone I've short-changed.

For Starfish, I pay weekly interest for some, have a nice mining operation, some steady dividend paying investments and a decent loan book with the majority sourced outside of this forum.  It's interesting watching the developments, and there are some negative elements creeping in to.  That is part of theymos's plan for the place and I respect him for providing an interesting place for people to exchange ideas.

I'll make the occasional update post here, but as I've said, anyone that needs to get in touch knows how to do so.

I did??



links please

And I'm sorry, i know a lot of people lost cred because of Pirate but that does not change the fact that a lot of those people were scammed just the same......

Why arn't you in Giga, Copumpkin, Reeses, BitPay, Kluge, Notme threads or stating how much you think they lost cred with you now too for supporting Pirate??

Seeing you be one of the first one's in Micon's threads lost you a lot of credit with me. I really had thought you more capable of being a non biased observer.. :/

You all said the same when Micon outed Pirate and Pirate was the highly respected and trusted "businessman".

Some people never learn.

The more I read about starfish, the more Im leaning towards Micon. And even if its not an outright scam, someone who claims to know pirate personally, vouched for him, gives AAA credit ratings to obvious scams, is not someone I would entrust to manage my funds.

+1

Although I don't like using it, the ignore button works great.

Patrick, forget about Micon, he's clearly pyschotic.   Keep doing what you do best, you have more respect around these parts than he'll ever have.

Implement a competing service. Thats how capitalism works 

I agree; time to lock this thread. Whatever you reply or say, Micon won't agree with you. You'll be better off talking to a brick walk.

His motivations on this forum aren't clear. It's becoming quite obvious it's not to protect BTC from scams, as claimed. Maybe jealously, or maybe something to do with this poker site thing. We'll find out eventually I guess.

Maybe he wants everyone to pull out their funds and start pumping it into poker games with him. LOL. Nice try buster.

Hmmm, well, I've got a domain and a couple of email addresses set up (some weeks ago), and people know how to contact me (and a not very.functional page set up), so it's getting close to the right time to lock this thread.  It's a shame how far downhill things have gone, but I suppose Micon will see that as a victory.  I notified Theymos about it earlier, and it's not worth the effort to deal with one misguided person when I have two hundred other people to look after.

(apparently, 3%/week is abhorrent to a "man of science".  I guess that's why they're poor - it made me laugh when I read it)

and a btw - I was thinking about the "how BS&T could have done it" because I know there are some that would like to know.  I don't want to take away from Trendon (even it is is still uncertain), but I did think about charging for the outline, explaining how the money flows work. 

I think it would be a scam if you took BTC and invested it into a normal bank term deposit because after a little while your clients would lose most of their bitcoin value