Borrowed -15BTC From the Starfish for 2 week loan.
Is that the same as depositing? 
Topic: Starfish BCB - Loans and Deposits - page 27. (Read 60537 times)
Borrowed :15BTC From the Starfish for 2 week loan.
17TzSXgK5eH7up5bg9sDQ4gj2SxodCyA7p
32bab692ab2d645db3f63c2e9db468341c01e66c15a4d63b59e9c4cd9fd0e280
17TzSXgK5eH7up5bg9sDQ4gj2SxodCyA7p
32bab692ab2d645db3f63c2e9db468341c01e66c15a4d63b59e9c4cd9fd0e280
I will be mostly off-line/limited contact for the next 24-36 hours as I have an errand to run out of town.
Balances updated https://bitcointalksearch.org/topic/m.981017
new accounts are also welcome, as is catering for the range of existing customers
I don't understand what that means. Are you simply saying that customers who currently have more than 100 BTC on deposit can keep it on deposit but not increase the amount?
If you have more than 100 BTC already on deposit, you will need to check with PatrickHarnett first.
What they said.
Part of the thinking behind Starfish is that:
1) It provides people wanting to park a few coins somewhere they can do that without too much trouble.
2) It recognises that existing customers are valued and where possible additional large deposits will be taken ahead of new accounts wanting to deposit large sums.
3) Gives a reasonable allowance for people up to the current limit of 2000 coins per account.
Not all of the deposit business is profitable (or not as profitable as I would like), therefore a portion of it is more like a "service" where I don't expect a return.
new accounts are also welcome, as is catering for the range of existing customers
I don't understand what that means. Are you simply saying that customers who currently have more than 100 BTC on deposit can keep it on deposit but not increase the amount?
If you have more than 100 BTC already on deposit, you will need to check with PatrickHarnett first.
new accounts are also welcome, as is catering for the range of existing customers
I don't understand what that means. Are you simply saying that customers who currently have more than 100 BTC on deposit can keep it on deposit but not increase the amount?
Working with patrick is great I just asked to withdraw and it was processed quickly and smoothly,
thank you Patrick for making me some money
thank you Patrick for making me some money
Just as a note, I have been considering the evolution of the bitcoin economics (particularly via this forum) and have decided to set a hard-limit on deposits at 20,000.
This means that those under 100BTC balance are still fine to load their accounts to 100 BTC without pm'ing first, and new accounts are also welcome, as is catering for the range of existing customers. Compounding may take me over the planned max, and that is ok.
Should circumstances change, I will advise.
This means that those under 100BTC balance are still fine to load their accounts to 100 BTC without pm'ing first, and new accounts are also welcome, as is catering for the range of existing customers. Compounding may take me over the planned max, and that is ok.
Should circumstances change, I will advise.
No - I'll be doing them all on the Friday. It's not particularly difficult to change, as the 70-ish accounts simply get the balance on the chosen day converted to the new rate, but with the 15 or so that I pay weekly, it is fairer to pay the higher rate for all accounts for the extra few days (it works out to be an extra 40 coins).
Thank you Patrick, but i do not understand the calculation.I'f im correct we are entitled to 4 days at 1.5 % and 3 days at 1 %?
So: 1.015^(4/7)*1.01^(3/7)=1.012854119...
You grant us 1.015 which means there is a difference of 0.002145881...
And the extra 40 coins divided by the difference
leads to the conclusion that deposits have grown to roughly 18640 BTC?
Sorry for beeing so picky, but I'm slightly confused
Kind regards
I did half a week on 16k at 0.5%.
If I wanted to be picky, "being" only has one "e" (lol) No problem.
some five months later...
(around 1500 coins)...
the loan distance was 18,560 km.
Wow, that's 4.2 billion coin-kilometer-days! Let's see someone beat that.(around 1500 coins)...
the loan distance was 18,560 km.
lol
some five months later...
(around 1500 coins)...
the loan distance was 18,560 km.
Wow, that's 4.2 billion coin-kilometer-days! Let's see someone beat that. (around 1500 coins)...
the loan distance was 18,560 km.
This is a BTW post. While deposit rates are going to drop to 1%/wk, to align with the weekly interest payment cycle it will not actually occur until Friday 3rd.
Will the rates drop on 1 August for compounding accounts?No - I'll be doing them all on the Friday. It's not particularly difficult to change, as the 70-ish accounts simply get the balance on the chosen day converted to the new rate, but with the 15 or so that I pay weekly, it is fairer to pay the higher rate for all accounts for the extra few days (it works out to be an extra 40 coins).
This is a BTW post. While deposit rates are going to drop to 1%/wk, to align with the weekly interest payment cycle it will not actually occur until Friday 3rd.
Will the rates drop on 1 August for compounding accounts?
This is a BTW post. While deposit rates are going to drop to 1%/wk, to align with the weekly interest payment cycle it will not actually occur until Friday 3rd.
Weekly interest paid and updated table of balances at:
https://bitcointalksearch.org/topic/m.981017
Total deposits 16,797. Supporting the 250BTC a week in interest is around 12k in loans, 10k in various assets and asset classes, and 14k of other stuff.
Also, in response to a number of similar questions that I have received, top-ups or additional deposits up to a total balance of 100 BTC does not need prior approval.
https://bitcointalksearch.org/topic/m.981017
Total deposits 16,797. Supporting the 250BTC a week in interest is around 12k in loans, 10k in various assets and asset classes, and 14k of other stuff.
Also, in response to a number of similar questions that I have received, top-ups or additional deposits up to a total balance of 100 BTC does not need prior approval.
Just a note closing off a loan that is worth particular mention.
Back in March I approached wachtwoord to see if he was interested in a loan for something he was looking at. We agreed terms and now, some five months later the agreement is concluded. At the time it was the largest loan I had provided to a single person (around 1500 coins). We adjusted the terms part way through to reflect a slightly quicker repayment plan and to work around some other events that occurred.
And for those interested in a minor piece of trivia, the loan distance was 18,560 km.
Back in March I approached wachtwoord to see if he was interested in a loan for something he was looking at. We agreed terms and now, some five months later the agreement is concluded. At the time it was the largest loan I had provided to a single person (around 1500 coins). We adjusted the terms part way through to reflect a slightly quicker repayment plan and to work around some other events that occurred.
And for those interested in a minor piece of trivia, the loan distance was 18,560 km.
Just posting to confirm the above and thank Patrick again for the loan. He was great to work with and really flexible when I wanted to advance the repayment schedule.
Patrick: thanks for the loan and the trust
(I can imagine lending 1500 BTC to someone 18,560 km away takes a leap of faith)
Just a note closing off a loan that is worth particular mention.
Back in March I approached wachtwoord to see if he was interested in a loan for something he was looking at. We agreed terms and now, some five months later the agreement is concluded. At the time it was the largest loan I had provided to a single person (around 1500 coins). We adjusted the terms part way through to reflect a slightly quicker repayment plan and to work around some other events that occurred.
And for those interested in a minor piece of trivia, the loan distance was 18,560 km.
Back in March I approached wachtwoord to see if he was interested in a loan for something he was looking at. We agreed terms and now, some five months later the agreement is concluded. At the time it was the largest loan I had provided to a single person (around 1500 coins). We adjusted the terms part way through to reflect a slightly quicker repayment plan and to work around some other events that occurred.
And for those interested in a minor piece of trivia, the loan distance was 18,560 km.
I have been asked to confirm the repayment of a loan extended to "theboss" https://bitcointalksearch.org/user/theboss-60693
Loan repayment http://blockchain.info/tx-index/13264951/5549a7e30305c9e0f487209eb4d756d8c9880a08014a3bb505d1726a0abdda98
The agreement worked well - thank you.
Loan repayment http://blockchain.info/tx-index/13264951/5549a7e30305c9e0f487209eb4d756d8c9880a08014a3bb505d1726a0abdda98
The agreement worked well - thank you.
Balance list updated at https://bitcointalksearch.org/topic/m.981017
Currently 15,130 on deposit supported by approximately 14k in loans and 20k in other investments. Loose change is only around 80 coins currently because the loan book has grown 4500 over the past week to 10 days and I've had a few withdrawals.
I'm not currently looking for deposits for anything special, and additional deposits 100 and under is no problem.
Currently 15,130 on deposit supported by approximately 14k in loans and 20k in other investments. Loose change is only around 80 coins currently because the loan book has grown 4500 over the past week to 10 days and I've had a few withdrawals.
I'm not currently looking for deposits for anything special, and additional deposits 100 and under is no problem.
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