Bitcoin Forum

Dear All,

I am the head developer of the alternate crypto currency called Cloudcoin. My small group of developers and I started Cloudcoin with big plans in mind. We want to make the safest, simplest and fastest online global currency that is accepted everywhere.

We are stand for future, and we want to use the power of internet to create the future of online payment. As part of our plan we want to work with companies like amazon, google, apple, and microsoft to create The Online Currency, and also establish our own online stores all over the world.

We started our project in the scene of the mining community. However, now as we have community support, we would like to make the big step and move onto the scene of global economics.

In order to achieve our goal of making the future currency, we need financial back up to start our company.

1, For our first project we are going to need an overall 15 BTC:
        This will include the purchase and maintenance of our own secure network, which will back up all of our programs, and stores for the future.
        The creation of our first two online stores (one in USA, one in EU)
        Stock investment.


2, After the establishment of our network, we will be able to move on to the next step; which is the partnership with online trading sites. For the second part of our project I cannot estimate a financial need yet, because it will depends on the incomes of our programs and stores that will be launched in the first project.

Loans and Interest:

We are accepting loans over 0.3BTC. The guaranteed interest rate on loans is 10% per week. For a month long loan we  ensure an overall 42% interest rate. Please note that these interest are the guaranteed minimum, if we meet our financial requirements and able to start our online stores and sites, revenues can exceed the general ones, but will stays under a monthly 50%.

Loans can be requested for withdrawn before the set time period, but they will not receive interest rate.


Method of Lending:

Name of lender:
Date:
Amount:
Lending Period:

The address for loans is the following: 1JosA688SSfgbPb42MtASsivSDs5f5Asfq

Please do not send prior filling out the form. Thank you

Best,

Kujmandosz
(our temporary website: http://cloudcoin.webs.com)

Why would you want to borrow money at such an outrageously high interest rate? Bluntly, that's the kind of interest rate only an idiot would pay.

If I sent you 1 BTC now (for 30 days), when can I expect the interests to be paid out?

probably never :-)

Because your the head of something it doesn't mean your eligible or trust worthy.

A saying I generally follow. "If it seems too good to be true, it probably is"

Well collateral is always an option  :)

I fully understand your concern, but I know what I am doing. Everything was calculated prior. As we are finishing up the programing, we want to start our first project as soon as possible. For us time is money and we although we overall lose money with the first project, we will obtain much greater revenue later on.

bad rating sighted on OP profile, I really need some rest now.

Trust: -5: -1 / +0(0)
Warning: Trade with extreme caution!

You can check out our temporary official site at cloudcoin.webs.com.
We also already have multiple services such as online wallets, trading site implementations. We are just ready now to go onto the next project, which will require financial support.

We need the money to bring alive the already created programs and trading sites.

We gain much more in the long run than what we lose in tye first couple of weeks.

Please note that this interest rate is only available for the first project. Tye second project will require more money and resources, thus interest will be lower.

This is the only opportunity until financial need meets the 15BTC amount

I don't think you understand my concern at all. If you know what you are doing, then you intentionally made a loan offer that any rational person would think was a Ponzi scheme. So you meant to borrow money only from irrational people?

Only an irrational person would invest in the 'CEO' of a free webs.com site. :-)

+1, how can we get our profit?

lol.

Just to make things clear:


An idiot gave me that yesterday because he found my interest rate to high, he could not comprehend it.

I am still a developer of a coin that has services, has a team behind him, still trust worthy. I just cannot show that if noone is willing to give me at least a chance.

I just want to help you and award you guys with this high interest so that we can actually meet our financial requirements for the first project. ( which will also include our own server, along with two online stores)

Loans are needed asap. We would appreciate two weeks long loans (20% interest).

We really want to start our stores. Everything is on standby, we just need the network and servers.

And you still haven't explained it.

You've been given several chances. You still haven't explained why the interest rate is so high. We're waiting.

A much more rational explanation is that the risk is so absurdly high that only such an absurdly high interest rate would convince anyone to lend you money. You have yet to provide any information by which the risk associated with lending could be assessed. All the evidence you've provided, particularly the interest rate, suggests the risk is outrageous.

I love you JoelKatz. 

You are a fantastic human.

ty for being around.