Bitcoin Forum

So this started out as an Idea a few of my friends and I started to kick around.

http://www.navismarisgov.com/bank-of-navismaris.html (http://www.navismarisgov.com/bank-of-navismaris.html)

That is the Bank of Navismaris where you can invest and earn BTC passively!


How will you turn my BTC into more BTC? That part is fairly simple. When you invest your money into bank of Navismaris we will use a portion of your funds to issue loans. We charge interest on these loans and give you a percentage of the profit.

What types of accounts do you offer?


Investment Account (We use your investment for trading )


Interest Account (We use your investment for loans, this account type is the only account that is insured)


Mutual Funds Account (We use half your investment for trading and half for loans)


How much money will I make per month investing with your bank?

The return can be as high as 7% per month!

I kind of want to try this, what is the absolute minimum I can invest?
You can invest as little as .03 btc.

When will I get paid? Your interest will be deposited into your account on the 1st of each month.

How long until I can get my initial investment back?
If you would like us to return your initial investment, your account with us has to be at least one month old. After that you can have your funds returned to you whenever you'd like.

How do I invest?
If your interested in investing you can get in contact with me, via PM or email, and I will do my best to find the account thats right for you. After you have opened your account please reply here with this form filled out.

Username:
Account type:
Investment:

after looking at your programs, it seems like ponzi to me

How so? A ponzi pays investors with other investors money, we are paying with interest from loans we issue with your money, and with profits from trades.

Why would we send our BTC to a junior member, who claims he will use it for loans, when we can register for BTCJam and do the same, while cutting out the middle man?

That's the first question that popped into my mind when I read the OP.

Try using a highly trusted escrow for your trades until you are trusted yourself :)

what happens if a loan is not paid back? or should I ask, what happens if you decide to loan yourself and not pay back? lol

Got this:

The Bank of Navismaris

The Bank of Navismaris will be closed until further notice sorry for the inconvenience.

Well that was quick. Did anyone invest?

I really doubt anyone would have been dumb enough to invest in this.

wtf is wrong with people

vod was kind enough to point out a lot of flaws in my system. So this service will be down until we can fix them. No investments have been sent to us as of this post.

what if the other part do not return the money?

Guess it is better just go to the loan section

Nice program, need time to consider it. ;D

If the money from a loan is not returned we sell the borrowers collateral to cover the loss. However at the moment our program needs to be reworked.

and its gone!  :D

You dont read before you post, thats why your stupid.

Insults aren't going to get you much trust with the community... You should probably try to be more professional if you expect anybody to invest.

How do you expect someone to invest if you don't have a professional behaviour.