Bitcoin Forum

My business is being carried out in a very special high yield loan industry. I have gathered an excellent profit in my pocket and I’m now planning an expansion of the business.

I have been observing and investing in bitcoin for a long time. And I think now I should combining two thing together: to help the bitcoin economy by sharing the profit, and to expand my business by raising fund from the community.

I'm going to issuing shares on the GLBSE later for the pass-through program. And now private bulk investors and questions are welcomed, PM, email(Capital.One.Corporation at gmail) or post.

The bulk investors(more than 500 bitcoins) will start to have interest as soon as they invest, and they will receive a 10% plus on their capital account after 30 days of their investment.
Accepting PreIPO orders: the preIPO price is 0.097BTC per share while the IPO price would be 0.1BTC. and it will start to receive interest after 3 days of the payment.

All the private investment can be transformed to be floated shares.

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what I'm offering. It's for the contract of the GLBSE shares, but it apply to the private bulk investors.


The daily interest will be fluctuating according to the business performance and the capital account balance.
The estimated average interest rate will be 1%. It will rarely less than 0.5% if the business is open in that day.
Usually the performance is quite better in the weekend.

This is a low risk pass-through bond. the bond will offer investors an opportunity to share the profit from the business I'm running.

Estimated daily interest rate is 0.2% to 1.2%. This bond will be paying dividend after 3 days of the IPO, and the interest rate of the inital 7 days will be 1.5%. the interest will be caculated based on the capital account balance.

Each bond will have its capital account. the balance of the capital account is the sum of
(1) the face value of the bond(0.1BTC)
(2) interest payable
(3) retained interest
(4) minus BSDs(big special dividend).

The capital account balance will 0.1BTC at the beginning. the balance of the capital account will be published in the bitcointalk.org forum. and the records of the capital account is here:
https://docs.google.com/spreadsheet/pub?key=0AqSbpgeCcm0XdGt3RHdiVDdVanA0d1N5amVnUjdhR1E&output=html

If the capital account balance is lower than the face value, the issuer has the rights to pay interest as low as 0.2% and retain rest of the interest in the capital account until the capital account balance equals the face value.

the interest will be paid on a daily basis.

The bonds can also be partially purchased back by paying BSD.

The issuer can buy back the bond at any time at a price of capital account balance plus 2 days' worth of interest.

Some of the days we have to stop running the business temporarily, and we can make no profit  out of the raised capital and we only pay 0.1% interest rate per day. Usually this kind events last for 2 days and never exceed 4 days in the history.

This bond is a pass-through. I'm quite confident about the safety of the investment. However, there is still risk attached to the business. the profits are not guaranteed, the interest rate may be adjusted with a 5 days notice.

There is no exchange rate risk involved.

The bond is partially insured by the issuer. The risk will distributed between the issuer and the bond investors in such sequence, which means that the event of failure of the entity receiving pass-through investment, these bonds will be repurchased at discount of the capital account balance:

(1) The issuer take the first 20% of the loss occurred in the business; Which will decrease the risk of bond investors.
(2) the bond investor take the rest of the loss up to 80%.


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Notes: we are not related to the US company that is traded on the the New York Stock Exchange with a ticker COF.NYSE

Sounds legit.

Micon its your turn now!

Bullshit.

There is no business behind this but hot air.

Viking theme this time? "What's in your wallet?"

I'm going to assume this is a scam due to the high return and lack of transparency.  What prevents you from shutting down and taking 80% of investors money any time you want?

I will short your bond when the time is right, assuming any idiots buy into this.

 I am literally speechless on this 1. 


Dank may have a competitor...

Q&A session

Is there really any business behind this or just hot air?

Yes, there is. Basically I'm loaning very short term money (12 hours to 2 days, 1 week would be seen as a bad debt in our business and we will be seriously taking some actions) to  people. I'm not the only one who doing the business on the earth. Thousands of organizations operates this kind of business and profit from it, with their own money and money they raise from other people. It's not a pyramid scheme or ponzi scheme or whatever could be call a scheme.  

I need more money to expand my business, but it's not so expansionable. It will never reach as huge as pritae40. In some of your eyes, it will be rather small. And as the profit I get from my own money and raised money is large enough, I will paying back the capital to people and then I will only earn the profit with my own money.

What prevents you from shutting down and taking 80% of investors money any time you want?

I know that it needs time for me to build trust from the community, and I'm also aware of that how the pirate40's default hurt this community. First some people will try to risk their money in this program, and as time pass by, my credit will be built up.

Capital One Corporation is set to be a long term operation. This pass-through is only a small step for me to build this brand among the community.

This business behind the pass-through seems pretty profitable, however lack of scalability. Bitcoin is great idea, there will more investment opportunities in the bitcoin world with the potential to be great. And I believe that most of the bitcoiners participating this movement at this stage will be wealth elite in the very near future, and if I can locate great idea future, I will rather be able to have the creditability to raise money from all of you. If I have this kind of creditability, lots of start ups will be coming to me and ask for money, which will make me expose to more new great idea and entrepreneurs. What I want is far more great than the little amount of bitcoin  I am going to raise.


May I short your bond when time is right?
If you can borrow some bond from the investors when it is floated, you can always do that. But it is always hard for the speculators to chose the right timing, and wish you are the exception. And watch out that may be the buyer and the borrowers all all  myself or my agent. As you a short seller, you have to offer a good interest to borrow it and sell them at a comparably unfavorable condition. I'm seriously preserve the right to try to play against the short sellers when time is right and whether disclose it or not. If there is trading profit, why not take it.

So basically you offer loans to people who cannot qualify for a "payday loan" and break their legs if they don't pay back by the end of a week?

-MarkM-

Serious violence is quite unusual in our business. break the legs won't get the money back. If it is that simple, I guess it will be much more scalable. 

are there any min / max deposit limits?

are there any min / max deposit limits?

Floated shares will be priced 0.1BTC.
private investment should be larger than 50BTC.

No max deposit now but my total capacity is not very high and I will refuse new investors or even return the money if the limits reached. There are factors that  restrict my capacity as I decided to hedge the exchange rate risk. Without considering the exchange risk hedge factor, I will raise around 200k dollars equivalent money.

Do you plan on verifying your identity with GLBSE?

Is Capitol one Credit card Starting up in bitcoins unofficially now?

+1  Im tired of anonymous individuals showing up here and offering unrealistic rates of return then when it goes tits up they run away. I think they should have to hold their ID with an independent third party for some community protection.

Who are you and wtf should we allow you to raise bitcoins without any identification at all ?

You're going to have  a hard time here untill you come up with a solution such as utilising glbse verification.

Planning it, but there is no plan right now. My business is in legal grey area: we break the foreign exchange restriction(we argue bitcoin is not a currency legally, and we won't use the underground money exchange service.);  practice usury to unspecified people(we argue we know them and they are specified); raise money from unspecified people (OK, if I want to argue that I know you investors would be pretty unconvincing)

I guess the most safe argument is that the police don't raid our home and get the evidence.

Show us your Corporate registration since you self proclaimed the term Corporation next to your name.

If its just added there to sound fancy then no one should/would trust you and it all ends there.

Then you wil remain a possible scammer untill further notice.

Good luck finding investors suckers.

Guys, it's cool - he's legit.

I just googled "Capital One Corporation" and they're a huge multi-national multi-billion-dollar lender.

http://www.capitalone.com/about/corporate-information/ (http://www.capitalone.com/about/corporate-information/)

Any plans on doing commercials with Alec Baldwin?   ::)

lol. Im going to send them an email right now congratulating them on their acceptance of bitcoin and particularly pointing out the account of the guy "representing" them.

Im sure a fortune500 company will love their name being used and will be in contact with theymos to "congratulate" him for a well run forum that offers all these above board investment opportunities.


To congratulate them send an email to  webinfo (at) capitalone.com

I have my first investor already. It's a preIPO order.  It will be paying interest 3 days later.
Thanks.

Where are you incorporated?  Who is on your board of directors?  Please link to the state or country website where your corporation is registered?  Are you aware Capital One is a registered trademark and that pre-existing Capital One also happens to be in financial services?  Will investor funds be used to pay litigation costs when you are sued?

Why are your "clients" borrowing at 3000%+ APR?  Are they such bad credit risks that they can't borrow anywhere else for cheaper?  PayDay loans are only on the order of a couple hundred % APR and available to just about anyone with an ID and a job.  How large is your collection team?  How do intend to enforce unlawful contracts?  What is your average loan length, what % of loans default?  What is the historical collection rate on defaulted loans?

(The questions are rhetorical I don't really expect any realistic answer from a ponzi operator).

You're a bit too quick to toss out that "Ponzi" attribute.

There's a number of more accurate labels ("Laughable Scam Attempt", "Weak Effort at Fraud") that are available.

Charles Ponzi worked far too hard to earn his eternal spot in financial history - let's not diminish his accomplishment by offering that title to just anyone.

I don't think you guys understand.  This is just like Chase bank or Citibank because it is called Capital One.  You have his word on this.   ;D

Yeah, this is not going to fly.

1) You're violating the trademark of a huge finance corporation, which would crush me under the sheer weight of the amount of paper their lawyers would send.

2) This is obviously a scam.

Go list on MPex. they need assets.

Even if this guy does have actual victims borrowing at above usurious rates, using the name of a large company is stupid to say the least.

"Capital One Corp.": Can't you come up with an original name, or where you just expecting nobody to notice you are not the actual Capital One that we have all heard of?

OP, you should team up with Obsi as he runs a similar scam, OBSI.HRPT (https://bitcointalk.org/index.php?topic=91646.0), but isn't dumb enough to use the name of a major bank.

Thank you DeathAndTaxes and everyone who has brought this up at this early stage, which saves me lots of legal trouble in the future. I won't risk into the being sued situation. I will change the name.



They are just irrational and in a hurry when they decided to borrow from us. We are 100% sure where the money is going to use. We know whom we will go to if the borrower himself cannot pay back the money(their parents). In my country, the credit card cannot withdraw cash more than 10% of their total credit limits. and where they want to use money only accept cash. So even someone with a good credit record in the bank will borrow money from us in such a special situation.
It is not a 3000%+ APR.(I guess this is a typo, you mean 300%+, right?) It last only for 1 day most of time for 2% per day. it is not a (1+2%)^365 formula. it is not compounded. f you can find one please tell me. the IRR/discount cash flow is most mathematically perfect and realistically foolish theory in the financial industry.
There is no big company provide "payday loan" in my country. we are not a company. i guess I will not use the term "corporation" any more. I'm not misleading anyone. In my country people don't treat "company/corporation" term as seriously as you guys.



About 3%-5% will become a defaulted loan, and about 10% of the defaulted loan will lose part of the principal at last.

I suggest something authoritative sounding, something big, something solid...

How about:     Bank of America Corporation

Anyone who falls for you scam is an idiot but if you # are correct you are thinking to small.  How about aproach some venture capitalists get tens of millions and retire in a few years.

The best debt collection companies recover maybe 10 cents on the dollar.   This is with full legal recourse (SSN, signed contracts, credit reporting, judgements, wage garnishments, colleciton calls, etc).   You have the highest of the high risk clients and only 3% to 5% default.  You don know how silly that sounds right?  The default rate for mortgages in the US traditionally was ~3%.  Currently in closer to 10%.  Among your loans which default 90% result in no loss.  That is litterally the best in the world.  Hell most banks would be happy to have only 20% of defaulted loans result in no loss.

Another way to look at it is if only 4% of loans default and you only lose funds on 10% that do your debtors are so credit worthy that the loans are 99.6% risk free.  Hell people with an 800 FICO aren't that low risk.  So you found the world's lowest risk population of debtors who just happen to not mind paying 137,641% APR?  Awesome!

APR = "Annualized Return".  The length of the loan doesn't matter.  You are paying depositors 107% to 7,678% APR.  Obviously you must get more interest than that from your debtors or you are losing money.  The fact that your debtors borrow for only a day is immaterial.   You are paying depositors continually so as you need 365 single day loans a year to avoid unutilized capital.  I loan for 365 days @ 2% per day or 365 individual loans for 1 day each @ 2%.  Either way it is 137,641% APR.  

I suggest CHASE because people will be chasing you when you steal all their coins.

LOL - I really love this place sometimes!

lol.

I dont always deposit money in HYIP schemes, but when I do, its with people who cant spell "interest".

... and what the hell's a 'yied'?

DeathAndTaxes, you are trolling now. Your mathematics and reasoning ability sucks. You redo your math again and I won't waste my time to tell where you've been wrong. As I said, this business is not scalable and special. not everyone can do this and no one can do it as big as they want. You don't even have the ability to distinguish compound interest rate and uncompound interest rate.

FYI, the COF.NYSE had been treated as a scam on the market years ago, as their reported default rate is unbelievably low. However, they do have their secret tricks and methods to outperform. You would had been the losers who short COF.NYSE at the bottom of its stock price when the troll flying over the Wall Street.

If someone is offering you something for nothing it is a scam, period. And as people have pointed out when something is indistinguishable from a ponzi scheme then for all intents and purposes it is one.

The fact you use "low risk" in your advertising is yet another red flag.

https://bitcointalk.org/index.php?topic=100696.0

Ponzi Indicators
1. High rate of return
Explanation: ponzi schemes typically offer very high rates of return that are not possible.  Anything that is > 50%/year APR is suspicious.  Anything > 500% APR is very suspicious.  Ponzis can offer lower rates as well (see Maddoff - 10% APR), but these are less common.

2.  Provides no evidence of business activity
They refuse to show what they are investing their capital, what products(s) or services they are selling, and who the customers are.  By contrast a mining corporation will be able to provide pictures of hardware and statistics of how many BTC generated per month.

3. Business activity is "speculation"
Speculation doesn't make steady rates of return. In fact the return rate should often be negative.

4. Steady rates of return
When combined with a high rate of return that is greater than the market rate of return this is suspicious.

5. Increasing demand for capital
Unlike a regular business which has its largest demand for capital at the start, the ponzi starts off with a very small amount of capital ("refuses" deposits), and then grows rapidly.  An increasing demand for capital makes sense only if the business can show what the money is being used for.  A ponzi will need to have its capital grow at a standard rate that exceeds the withdrawals, whereas a legitimate business will have a varying rate of investment (and this rate will often hit zero).

6. Operator hides their identity
If the name and identity of the person who runs this project is publicly known, and they live in a jurisdiction where it would be easy to prosecute them then they are less likely to run away with the money.  Though there are exceptions to this (perhaps too many for this to be a good indicator?).

7. A Super Majority of Non-Investors view it as a Ponzi
If a business is only defended as legitimate by those who are invested in it, while the overwhelming majority of individuals who have no money to gain from taking a position see it as a ponzi -- it is likely that the non-investors are more trustworthy in their assessment.

8. They advertise a "Limited Availability"
They have a low demand for funds.  Especially in the early phase.  Ideally they've got people chomping at the bit to be included in the scheme.

9. They have "Pass-Throughs".
Tentatively this seems like a good indicator. I don't think pass-throughs are typically used in regular project funding.  It increases the distance between the investor and the fund-owner and acts as a shield/distraction.  It is more indicative of money laundering.

Your thumb rules will not be always right.

As I will eat the first 20% loss, it is low risk.

No matter how small or big the size is, no matter what the trollers think, whether it is listed or not. this program will start and end.

Yesterday I have received 2 interested PM and a 10 shares preIPO order. even if he is the only one investing, he will be treated well. Thanks.

No it is not. That just means your customers will have a hard time judging the real risk involved in your offering. "low risk" is not 2% returns a week from an anonymous identity on the internet  it is a term deposit at a physical bank backed by insurance, as crappy as that may be.

Your offering is the meaning of "high risk".

Hi ian, your management fee for your mining company is too high compared to other mining stocks. And you placed your BFL orders too late. Investing your mining company will not be profitable. I will post this at your thread.

thanks.

You are not the only one who provide transparency as much as you do. lots of people on GLBSE provide transparency. And they have a much trust worthy face than you have.

Transparency is good, but not a thing to be reliable. some transparent company fell like a disaster.

"Value is subjective."  stop being stupid. price is subjective, but not value.

I'm going to sleep now.

Long-term offers is a small child board. Thanks for all the discussion, quesition, trolling of you, which help me a lot before I move it to security board.

Ian, lower your fee. your IPO is not very successful. it is not my fault.

Very unprofessional to troll other people and thus go off-topic in your own thread.

What country are you located in? That should have been one of the first things you said in your OP.

No, I was NOT trolling at all. I just pointed out a very serious problem for his mining company (though off-topic). I have been researching the securities on GLBSE including Ian's, and never intended to mention it until he trolled in my thread. It's very useful. He stopped.

You might want to go back and reread the thread again. Out of nowhere you just start attacking somebody who is asking questions.

Ive told capital one that he can go ahead with the ipo if he verifies fully.

I've already doxed him. His name is Richard Fairbank:

http://www.capitalone.com/about/corporate-information/leadership/ (http://www.capitalone.com/about/corporate-information/leadership/)

Hello, good sirs,

imma gonna go ahead and give this an AA+ credit rating as well as an official seal of approval.




http://i9.photobucket.com/albums/a76/spyknow/seal-of-approval.jpg

Has anyone ever hired an actor and made a fake ID up for them yet ?

Sorry but I have to say it is quite misleading if you have basic understanding of the English language when you state in the title "High yield & low risk" the title.   If I am correct, the bond investors take an 80% haircut on the losses.   

Am I missing something here?

lol. the moderators of this forum should be embarrassed they allow this crap to go on.

I asked a question that the linked post.  Hopefully I will get an answer.

Hahaha, I just want to say I laughed epically in this thread.

they are open

Did anyone invest in this business or did it end it up being a scam?

Scam