ah, that's very different.
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trentzb is investor of IBB, can vouch for him
I would have to comment that investing in something doesn't really count for too much. Anyone can buy a share and receive dividends. (I think I have 4 IBB shares, that doesn't mean you can vouch for me.) Anyway, if trentzb would like to reply in this thread and accept that interest on a loan is reasonable approach to lending, I'd look at this again. He can call it a gratuity if he likes, but it will be 180 coins with a repayment with 10 coins of interest. (and as disclosed elsewhere, a portion of profit will be donated to IBB.)
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Burt - more fulsome than my assessment, but along similar lines.
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Here is your problem.
While -1 * -1 = 1.
-1 * √-1 does not equal 1 and can't be substituted. Maybe -1 * -√1. You can't just move the negative inside the sqrt.
+1 (lol - the irony) someone got to this before i did - the representation using the "i" for the answer is sometimes also represented in two dimensions (graphically), hence my earlier comment that 1 <> 1 when you move from simple spaces. (but then I did poorly in first year math)
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If you pay me in bitcoins I will redirect my processing power anywhere you want, but I need at least 1% more than what I get from mining bitcoins.
Maybe you can work out how many bitcoins/day you get per cpu core - I might buy some. There is a competitive aspect to boinc and people have started paying/buying cloud computer resources - some services offer free spare capacity, others not. I wouldn't actually bother buying a set of cpu cores, but would be interested if you did the calculation.
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Something odd going on - obviously someone or ones is targeting lending. Confirmations by pm's recommended. Nice that you were able to cover the debt, but yu shouldn't have had to.
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Hey. Quick idea... Don't short sell!!!
-EP
Better idea, don't panic. I see this all the time in bitcoin - a small (50%) price movement and people get worried. Wait until you start doing forwards (futures).
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I did resist asking this for a while, but have you ever obtained consumer credit, owned a credit card or had a car/house loan? If the answer is yes to any of these, your post should be revised.
Loans cost, and as a lender, I will charge interest.
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in simple dimensions 1 = 1 you should have done psych, philosophy or higher level math/physics to get a different answer where 1 <>1
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Looks like this is one of a set of three. (disused accounts used to steal coins via loans)
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It's a rough way to get experience.
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Read that - mix of sigh and lol.
I mine at deepbit, don't belong to a team (can't see any point - this isn't boinc) and I don't particularly care about the mining programs or squeezing every last bit cent from my GPUs or software. Last time I went to the deepbit site I didn't care to look at any voting stuff (if there is any) - but it tells me my hash speed and earnings.
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I have agreed a consolidation of a few loans with INAU so we have completed three loans early with repayment and interest accrued. New (single) loan until end Feb at 15%/month agreed. By agreement we have set a ceiling on credit.
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How about "inactively thinking about it". One of the early pieces is working out who would want to be in a group that supports such a product. The lending market is still pretty young and small, and experience is building and rates becoming more firm - hence my putting something up for reference in the Starfish thread.
INAU made a suggestion a few days ago about the kujoking default that we are working on, and that might progress to a reasonable outcome, but it's a case of determining what works here for bitcoin.
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Instead of simply, Starfish BCB, could you consider "Chocolate Starfish and the Hot Dog Flavored Water BCB" ? or, at least "Chocolate Starfish BCB" ?
Sorry, no. If I wanted to go down the pop music route I would chose something else. It's named for Patrick Star in honor of the smartest starfish in Bikini Bottom.
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That is developing in the background. (dealing with toxic loans and credit swaps)
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Edit 2 Nov 2012: As mentioned elsewhere, not doing loans or taking deposits - Starfish BCB is collecting outstanding funds and repaying on a pro-rata basis as they are received.
Edit 25 September 2012: Revised deposit rate - currently 0.25%/week. The change was made and advised in the thread, but with many pages of discussion it is not easy to find.
Edit 10 September 2012: Deposits were put on hold a while ago and Starfish is winding out its various loans and investments to repay depositors.
Edit 15 August 2012: New deposits up to 100BTC are still welcome as this is a service I believe should be provided to the community. Deposits from existing customers beyond 500BTC will be permitted based on the age of the account - you will need to contact me.
Edit 30 July 2012: Implementing a limit on deposits of 20,000. Edit 5 July 2012: Revised deposit rate commencing 1 August 2012 - 1.0%/week.
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That activity did not go unnoticed. Not everything gets or needs to be reported on.
As for willingness to give out large loans, you don't see the full picture, and default is considered.
Patrick - Starfish BCB
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Today I extracted a 5970 because the fan is working really hard to spin, so I'll be doing another fan replacement this weekend. All those damn screws.
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