Topic: Starfish BCB - Loans and Deposits - page 25. (Read 60544 times)
Must be an imposter! Get him!
wtf - that's not me
I think I should respond, but not sure how best to. I'm sure WifeofStarfish will let me know when she gets to your post.
Let's just say I think Starfish BCB is doing a great job (and also that this photo summarises the character of the man I married more eloquently than any words could do...
Let's just say I think Starfish BCB is doing a great job (and also that this photo summarises the character of the man I married more eloquently than any words could do...
I think I should respond, but not sure how best to. I'm sure WifeofStarfish will let me know when she gets to your post.
Lol 
It's just a vote of confidence. Unless you were responding to Quote
Investors beware that every major loss in the history of Bitcoin has involved someone else holding others' coins.
withQuote
it's not like there is 20k BTC sitting on a web site to be hacked.
In which case I'd say that the biggest risk to my coins with you is you defaulting on them, not you getting hacked.
I think I should respond, but not sure how best to. I'm sure WifeofStarfish will let me know when she gets to your post.
I am not 100% sure what is going to happen this week, let alone next month. I am holding things stable, and reserving a small quantity of coins for transactions, and have invested in some short-term opportunities too. I have taken a couple of new/small deposit accounts, and have had offers for some quite large transactions, but buying up BS&T debt, while lucrative, is not in the mandate of the deposit account funds. Similarly, I have chosen not to swap BS&T debt for Starfish deposits as that also doesn't fit with the self imposed rules.
Most of the deposited coins are out actively working to cover the 1%/week that I pay, so it's not like there is 20k BTC sitting on a web site to be hacked. Also, while some people consider the total funds under management to be a lot (approximately 51,981.5BTC), it's not really and some of that is likely to wind out over the next couple of weeks.
I am not 100% sure what is going to happen this week, let alone next month. I am holding things stable, and reserving a small quantity of coins for transactions, and have invested in some short-term opportunities too. I have taken a couple of new/small deposit accounts, and have had offers for some quite large transactions, but buying up BS&T debt, while lucrative, is not in the mandate of the deposit account funds. Similarly, I have chosen not to swap BS&T debt for Starfish deposits as that also doesn't fit with the self imposed rules.
Most of the deposited coins are out actively working to cover the 1%/week that I pay, so it's not like there is 20k BTC sitting on a web site to be hacked. Also, while some people consider the total funds under management to be a lot (approximately 51,981.5BTC), it's not really and some of that is likely to wind out over the next couple of weeks.
My rep can't add much to Patrick's, but I'd like to say this anyways:
When Patrick announced that he would be lowering the interest rate, I PM'ed him saying that I would like to withdraw once the interest rate dropped to 1% weekly. He was perfectly fine with this, but asked that I PM him again when I wanted to withdraw (he announced weeks in advance). That time rolled around, but instead of withdrawing, I ~doubled my investment.
Granted, it's not very much I have with him (I keep the vast majority of my BTC in a secure cold-storage system, and the rest is spread between GLBSE, loose spending money, Patrick, and various other deposit-takers (in descending order)), but I welcome the opportunity he provides acting as a low-risk short-notice interest-accruing money-holder.
Investors beware that every major loss in the history of Bitcoin (Mybitcoin, Bitcoinica, possibly BS&T (don't talk about that here please), various defaulted loans, etc) has involved someone else holding others' coins. I advise that you hold most of your own BTC and use it for transactions. That being said, it is my personal opinion that PatrickHarnett offers the lowest risk Bitcoin investment opportunity, period.
Thanks Patrick for your services, and I hope this post doesn't make me look like a sock-puppet
When Patrick announced that he would be lowering the interest rate, I PM'ed him saying that I would like to withdraw once the interest rate dropped to 1% weekly. He was perfectly fine with this, but asked that I PM him again when I wanted to withdraw (he announced weeks in advance). That time rolled around, but instead of withdrawing, I ~doubled my investment.
Granted, it's not very much I have with him (I keep the vast majority of my BTC in a secure cold-storage system, and the rest is spread between GLBSE, loose spending money, Patrick, and various other deposit-takers (in descending order)), but I welcome the opportunity he provides acting as a low-risk short-notice interest-accruing money-holder.
Investors beware that every major loss in the history of Bitcoin (Mybitcoin, Bitcoinica, possibly BS&T (don't talk about that here please), various defaulted loans, etc) has involved someone else holding others' coins. I advise that you hold most of your own BTC and use it for transactions. That being said, it is my personal opinion that PatrickHarnett offers the lowest risk Bitcoin investment opportunity, period.
Thanks Patrick for your services, and I hope this post doesn't make me look like a sock-puppet
Just sent my first deposit of 1BTC to Patrick, waiting for confirmation.
Received.
Just sent my first deposit of 1BTC to Patrick, waiting for confirmation.
But Mr. Star!!! Who will I deposit all of my BTCs with!?!?!??!
Is there a minimum deposit amount or a minimum balance requirement? I'm guessing not, just based on the balance sheet, but thought I'd ask just in case.
Minimum opening balance is 1.0. Minimum deposit is usually 1.0 but Sen has deposited smaller amounts into the 7Seas fund. For balances less than 10 coins, compounding is default.
Is there a minimum deposit amount or a minimum balance requirement? I'm guessing not, just based on the balance sheet, but thought I'd ask just in case.
Hello Patrick,
I just sent you a deposit BEFORE I read your thread update about deposits. Sorry!!
Will you be lowering your interest rate or anything of that nature? I'm not going to leave you or anything crazy.
Just wondering :0)
I just sent you a deposit BEFORE I read your thread update about deposits. Sorry!!
Will you be lowering your interest rate or anything of that nature? I'm not going to leave you or anything crazy.
Just wondering :0)
[melodrama]
Oh, god, you've deposited the entire BS&T wallet of 500,000BTC!!
[/melodrama]
That's ok. I'm going to let things settle down before making any decisions.
Hello Patrick,
I just sent you a deposit BEFORE I read your thread update about deposits. Sorry!!
Will you be lowering your interest rate or anything of that nature? I'm not going to leave you or anything crazy.
Just wondering :0)
I just sent you a deposit BEFORE I read your thread update about deposits. Sorry!!
Will you be lowering your interest rate or anything of that nature? I'm not going to leave you or anything crazy.
Just wondering :0)
I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
Apparently I was sleep posting, totally meant to be a PM
Patrick has two accounts?or more likely, a troll.
i posted a deposit account request as a thread reply instead of PM, then deleted it once i saw the error
Hi Patrick,
Just wanted to say thanks again for the quick and reliable service. Pleasure doing business with you.
My withdrawal request was in my wallet within a couple of hours, excellent.
Hope to deal with you again in the future.
Thanks,
Lky_Svn
Just wanted to say thanks again for the quick and reliable service. Pleasure doing business with you.
My withdrawal request was in my wallet within a couple of hours, excellent.
Hope to deal with you again in the future.
Thanks,
Lky_Svn
?? I don't think either of those two are likely.
I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
Apparently I was sleep posting, totally meant to be a PM
Patrick has two accounts?or more likely, a troll.
Thanks for the great service, +1
I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
Apparently I was sleep posting, totally meant to be a PM
I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
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