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Title: [IDEA] Post by: Electricbees on February 21, 2012, 01:17:52 AM Here's an idea I'm playing with.
Bitcoinica and lenders on the forum here will offer you interest on cash and bitcoins, respectively. My credit card has a $1500 limit, with no interest for six months. Through my bank, I could, say, deposit those funds via dwolla into bitcoinica, and collect interest on it for 5 months, and a few weeks. (Same steps for bitcoins, perhaps. Collect 1% daily?) Remove balance, pay off credit card in full, enjoy delicious profits for nothing. Anyone else considered this before? Am I missing something that makes this not work? Title: Re: [IDEA] Post by: ssaCEO on February 21, 2012, 02:16:33 AM Here's an idea I'm playing with. Bitcoinica and lenders on the forum here will offer you interest on cash and bitcoins, respectively. My credit card has a $1500 limit, with no interest for six months. Through my bank, I could, say, deposit those funds via dwolla into bitcoinica, and collect interest on it for 5 months, and a few weeks. (Same steps for bitcoins, perhaps. Collect 1% daily?) Remove balance, pay off credit card in full, enjoy delicious profits for nothing. Anyone else considered this before? Am I missing something that makes this not work? Other than the fact that anyone who offers you 1% daily is probably a scammer - no. Title: Re: [IDEA] Post by: Electricbees on February 21, 2012, 02:22:12 AM Savings Account - 100 BTC Minimum This plan works as an ongoing commitment. You would send coins anytime to the address provided and you would earn interest on a daily basis. You can withdraw your balance at any time, but I do request that you give me a couple hours to insure I have coverage for the next order. Interest payments are paid out every 3 days until either you withdraw the funds or my local dealings dry up and I can no longer be profitable. This plan pays 1% per day. Just throwing this idea around. Might try it soon here... Title: Re: [IDEA] Post by: ssaCEO on February 21, 2012, 02:24:52 AM Savings Account - 100 BTC Minimum This plan works as an ongoing commitment. You would send coins anytime to the address provided and you would earn interest on a daily basis. You can withdraw your balance at any time, but I do request that you give me a couple hours to insure I have coverage for the next order. Interest payments are paid out every 3 days until either you withdraw the funds or my local dealings dry up and I can no longer be profitable. This plan pays 1% per day. Just throwing this idea around. Might try it soon here... Sounds super reliable... *edit* btw, Ponzis usually say they're full to make you trust them more, it's a common hallmark of the scam. There is no way they're actually paying 1% to people per day. That would make zero sense for them. Don't fall for it. *re-edit* The right way to do what you're talking about is to get a high-yield CD and borrow at a low rate against property, and play the difference between a loan and a locked-in interest rate over the long term. No one legitimate offers compounded interest daily or weekly like what you're talking about. That is always, always a red flag for a scam. You'd be a lot better off just putting your life's savings on Roulette (which as a casino owner, I wouldn't recommend either). Title: Re: [IDEA] Post by: Electricbees on February 21, 2012, 02:33:13 AM I'm damn positive the borrowers who pay out these interest bits ARE just getting 1000+ BTC and shuffling them around for dividends while doing something else with the majority of deposits. I wouldn't care so long as I got my BTC back. (No guarantees to that.)
I have looked at getting High-Yield savings with my banks already, and while appealingly safe, I can't actually afford to throw that much money into a deposit and wait for it to mature. Best option then I suppose, is to carry on normally... Title: Re: [IDEA] Post by: rjk on February 21, 2012, 03:58:31 AM Sounds super reliable... Heh, shows how much you know about pirate's system.*edit* btw, Ponzis usually say they're full to make you trust them more, it's a common hallmark of the scam. There is no way they're actually paying 1% to people per day. That would make zero sense for them. Don't fall for it. *re-edit* The right way to do what you're talking about is to get a high-yield CD and borrow at a low rate against property, and play the difference between a loan and a locked-in interest rate over the long term. No one legitimate offers compounded interest daily or weekly like what you're talking about. That is always, always a red flag for a scam. You'd be a lot better off just putting your life's savings on Roulette (which as a casino owner, I wouldn't recommend either). Title: Re: [IDEA] Post by: Electricbees on February 21, 2012, 04:23:04 AM Sounds super reliable... Heh, shows how much you know about pirate's system.*edit* btw, Ponzis usually say they're full to make you trust them more, it's a common hallmark of the scam. There is no way they're actually paying 1% to people per day. That would make zero sense for them. Don't fall for it. *re-edit* The right way to do what you're talking about is to get a high-yield CD and borrow at a low rate against property, and play the difference between a loan and a locked-in interest rate over the long term. No one legitimate offers compounded interest daily or weekly like what you're talking about. That is always, always a red flag for a scam. You'd be a lot better off just putting your life's savings on Roulette (which as a casino owner, I wouldn't recommend either). Title: Re: [IDEA] Post by: rjk on February 21, 2012, 04:52:11 AM Sounds super reliable... Heh, shows how much you know about pirate's system.*edit* btw, Ponzis usually say they're full to make you trust them more, it's a common hallmark of the scam. There is no way they're actually paying 1% to people per day. That would make zero sense for them. Don't fall for it. *re-edit* The right way to do what you're talking about is to get a high-yield CD and borrow at a low rate against property, and play the difference between a loan and a locked-in interest rate over the long term. No one legitimate offers compounded interest daily or weekly like what you're talking about. That is always, always a red flag for a scam. You'd be a lot better off just putting your life's savings on Roulette (which as a casino owner, I wouldn't recommend either). Also, good luck getting an invite, you might have better luck asking on IRC (maybe). Title: Re: [IDEA] Post by: payb.tc on February 21, 2012, 10:24:45 AM Sounds super reliable... Heh, shows how much you know about pirate's system.*edit* btw, Ponzis usually say they're full to make you trust them more, it's a common hallmark of the scam. There is no way they're actually paying 1% to people per day. That would make zero sense for them. Don't fall for it. *re-edit* The right way to do what you're talking about is to get a high-yield CD and borrow at a low rate against property, and play the difference between a loan and a locked-in interest rate over the long term. No one legitimate offers compounded interest daily or weekly like what you're talking about. That is always, always a red flag for a scam. You'd be a lot better off just putting your life's savings on Roulette (which as a casino owner, I wouldn't recommend either). Also, good luck getting an invite, you might have better luck asking on IRC (maybe). maybe true, but... every ponzi has a back-story. usually it's 'trading' in foreign exchange or something... bit-scalping? :D Title: Re: [IDEA] Post by: Kluge on February 21, 2012, 11:13:45 AM Sounds super reliable... Heh, shows how much you know about pirate's system.*edit* btw, Ponzis usually say they're full to make you trust them more, it's a common hallmark of the scam. There is no way they're actually paying 1% to people per day. That would make zero sense for them. Don't fall for it. *re-edit* The right way to do what you're talking about is to get a high-yield CD and borrow at a low rate against property, and play the difference between a loan and a locked-in interest rate over the long term. No one legitimate offers compounded interest daily or weekly like what you're talking about. That is always, always a red flag for a scam. You'd be a lot better off just putting your life's savings on Roulette (which as a casino owner, I wouldn't recommend either). Also, good luck getting an invite, you might have better luck asking on IRC (maybe). |