do i qualify?
Do you have 300 posts, most with real content that actually contributes to the conversations in the threads? Do I qualify? Should I inbox you? |
|
|
|
http://www.telegraph.co.uk/finance/yourbusiness/9618566/HBOS-whistleblower-becomes-small-firms-lender.htmlPaul Moore, the whistleblower who warned of reckless lending at HBOS, has teamed up with a former Royal Bank of Scotland banker to launch a peer-to-peer lending service for small companies.Mr Moore, who was dismissed from his role as head of group regulatory risk at HBOS in 2004 after warning that the bank was taking excessive risks, has taken a role as chairman of Assetz SME Capital. The venture will combine an online site directly linking savers to small businesses seeking loans with experienced relationship managers to work with companies.
Mr Moore said his involvement is a result of him “giving up” on a four-year campaign for reform of the banking sector and a full public inquiry into the financial crisis.
“The general policy thrust of reform has not held people to account or changed banks for the better, notwithstanding a lot of noise. The Fraud Act applies to [Barclays’ rigging of Libor]. No enforcement equals no deterrent. The vested interests have got it and we have lost.
"I’ve given up on reform to get involved in something that can do some good.”
When HBOS came close to bankruptcy in 2008 and was taken over by Lloyds, Mr Moore broke a settlement not to speak of his warnings.
Assetz has been founded by Andrew Holgate, who left RBS last month after spending seven years in small business banking. He said the site will be similar to existing online lending marketplaces such as Funding Circle, which has lent £53m to small businesses.
“The main area of difference is that we will have a physical relationship with the businesses through relationship managers. You can become a faceless business on the internet – nothing beats giving the tyres a kick.”
Mr Holgate said he hopes to tempt frustrated relationship managers from high street banks as the service grows.
“Lots would kill to take part. The relationship manager isn’t the decision-maker anymore – he’s a tool to extract income from customers. They are glorified salesmen these days. The decision on lending goes to credit committees. We will provide oversight to ensure consistency but we don’t have a hard-and-fast policy – the relationship manager will be able to [provide approval].”
Mr Moore said: “Part of the fundamental problem in the build up to the banking crisis was blindly relying on mathematical formulas which couldn’t be validated. I’d rather lend to someone the computer says no to who I think is honest and will work hard to repay the loan than someone who looks good on paper but doesn’t give a monkey’s about integrity. This is an attempt to find a balance.”
Assetz SME Capital is due to launch at the end of October, and already has pledges from high-net-worth investors of around £25m. Mr Holgate said it would also be available for retail savers. Small businesses can expect to pay between 8pc and 15pc for loans, with Assetz taking 1.5pc and the rest going to savers.
A Bank of England survey published on Thursday found that lending contracted by £2bn in the three months to August. Net lending to small and medium-sized companies has been negative since the second quarter of last year.
Mr Holgate insisted the decline isn’t just down to muted demand. “Banks are tightening lending criteria to the point of not lending – I saw this as a new way of doing things.”
Mr Moore says the risk of lending through the market, which will not be regulated, will be made very clear to users. “The rules are always the same. My motto is 'control, profit, growth’ – in that order.”http://www.telegraph.co.uk/finance/yourbusiness/9618566/HBOS-whistleblower-becomes-small-firms-lender.html
|
|
|
|
Lol trying to sue an illegal securities exchange and actually admitting your part in it to the feds. GLBSE should have been .onion since day 1 with an anonymous yet somewhat trusted operator who had a decent OTC rating but no transactions that could be tied to an identity.
My part in it? I was not aware at all that this was an illegal securities exchange. So now the defrauded person makes part of the fraud because he "supported" it? You can argue that I was stupid by trusting GLBSE, but not that I made part of any fraud system. Ignorance of a law does not make you immune from it. |
|
|
|
I hear it would take at least 150 years for all the bitcoins to be acquired as the internal software has a limit.
I hear people make up random statistics as their tolerance for actual facts has a limit. You can make up statistics to prove anything. 83% of people will tell you that! It's true it will take a very long time to completely stop and if the decimal place kept getting shifted due to rising bitcoin value then mining may happen indefinitely. |
|
|
|
Low profile cards are almost always passively cooled or have an extremely small fan, which just isn't going to work on anything with enough power to really make mining with them worth while.
It's not really for bitcoin mining but for a nettop but I might do a bit of litecoin mining on it for fun.
|
|
|
|
|
[WTS] 2GBx1 PC3 10600S-9-10-B1 SO-DIMM [Ships from UK] for BTC0.5 plus P&P.
|
|
|
|
I run the ex-GLBSE asset RSM - https://bitcointalk.org/index.php?topic=63257.0 - We currently have three BFL-SC-Singles pre-ordered. I would be interested in putting to the other shareholders that we take out a business loan for more ASIC's. They will be held and hosted by Inaba so maybe we could do physical escrow of the board(s). |
|
|
|
There not 'low-profile' cards. I never said they were. I just wanted to help you with single slot mining cards, since I did not find a low profile 77xx! Yeah its got to be 'low-profile' or it wont fit in the nettop's case. |
|
|
|
There not 'low-profile' cards. |
|
|
|
Does anyone know when/if a low profile Radeon HD 7xxx series card will/might be released. It's not really for bitcoin mining but for a nettop but I might do a bit of litecoin mining on it for fun. I'm after a passive cooled one so is not worth waiting for a 7450 and probably should just get the 6450  |
|
|
|
I'm ordering it for you now, pay to 1ECJKKXYiUKjPwFW4BRBKKjiSnjutkZDXe when your ready  Excellent. |
|
|
|
Yeah there basic principles suit bitcoin ideology.
Not really, from what I could tell. Basically they are simply saying why let a private bank run the printing press and pay interest on that money when we could just have the State print money. Which, if that is all the B of E is doing, then that makes sense. The missing component is what limits the amount of money issued? If the issuance (and destruction) of money is the amount necessary to ensure stable prices, then that might work. If it instead is to fund State spending, then this puts a nation on the fast track to becoming Zimbabwe. Yeah but if you read this section - http://www.positivemoney.org.uk/how-banks-create-money/ - without mentioning bitcoin it makes it seem like the best invention since sliced bread. Any group who are educating people about fiat (debt) money are doing good. I've spoken to people and when you question them they still think the gold reserves are backing cash and they have no idea fiat cash is just a virtual debt token. |
|
|
|
http://www.i2p2.de/bounty_btcclientFor a future of I2P and attract more people into I2P this bounty is to create a I2P native Bitcoin client. It should integrate with other client via the I2P network and via gateways to the existant bitcoin network.
Judge is psychonaut who donated the first 30 € to this bounty.
Note: To claim the bounty the author must not be paid by other organizations or teams for this work (e.g. GSoC students are not valid).
Note 2: bounty amounts may be increased by further donations. Do you think these are important? Add in your donation, marking the amount for the BTC I2P native client bounty!http://www.i2p2.de/bounty_btcclientI couldn't find any threads on this and am very interested in the project. Does anyone know anything about its current development or how'd it work? Also does anyone know how you donate directly to this project and not to just the genral I2p donations wallet? I asked in the I2p irc and the ops didn't know how and the person in charge of bounties wasn't about. They just said email about making a direct donation to the I2p native bitcoin client bounty and not just the general I2p bitcoin donations. So I created this - https://propster.me/tipjar/0cf2h05 - tip jar with the main I2p donations op's email so people can easily make anonymous donations. |
|
|
|
http://www.i2p2.de/bounty_btcclientFor a future of I2P and attract more people into I2P this bounty is to create a I2P native Bitcoin client. It should integrate with other client via the I2P network and via gateways to the existant bitcoin network.
Judge is psychonaut who donated the first 30 € to this bounty.
Note: To claim the bounty the author must not be paid by other organizations or teams for this work (e.g. GSoC students are not valid).
Note 2: bounty amounts may be increased by further donations. Do you think these are important? Add in your donation, marking the amount for the BTC I2P native client bounty!http://www.i2p2.de/bounty_btcclientI couldn't find any threads on this and am very interested in the project. Does anyone know anything about its current development or how'd it work? Also does anyone know how you donate directly to this project and not to just the genral I2p donations wallet?
|
|
|
|
I totally agree this reform proposal
Yeah there basic principles suit bitcoin ideology. |
|
|
|
http://www.positivemoney.org.uk/When money drives most of the activity on the planet, it's essential that we understand it. Positive Money believes that the root cause of many of our current social, economic and environmental problems lies in the way that we allow money to be created. We campaign for fundamental reform of a system that is fueling debt, poverty and our economic and environmental crises.http://www.positivemoney.org.uk/ http://www.positivemoney.org.uk/our-proposals/This proposal for reform of the banking system explains, in plain English, how we can prevent commercial banks from being able to create money, and move this power to create money into the hands of a transparent and accountable body. It builds on the work of Irving Fisher in the 1930s, and James Robertson and Joseph Huber in 2000.
Removing the power to create money from the banks would end the instability and boom-and-bust cycles that are caused when banks create far too much money in a short period of time. It would also ensure that banks could be allowed to fail without bailouts from taxpayers. It would ensure that newly-created money is spent into the economy, so that it can reduce the overall debt-burden of the public, rather than being lent into existence as happens currently.
The content in this paper was written in May 2010, and has been occasionally updated since then. In mid-2012 Positive Money will release, as a book, a much more comprehensive guide to these reforms, which will also address some of the common objections and misconceptions about the implications of ‘full-reserve’ banking.http://www.positivemoney.org.uk/our-proposals/ |
|
|
|
|
Show Posts
