Well he's risking his reputation if he wishes to keep all the coins and default on the loans.
I can confirm that Honeypot is offering collateral but I won't reveal what it is, as that's what the OP wants.
This is indeed true and a huge red flag, however I'm not commenting on users choices... it is your money and you do what you want with it.  The purpose of my posts here is to make sure everyone understand that what he is offering is not collateral by definition. It is some kind of 'deposit to escrow' which may or may not lose value. If its value rises he is safe since escrow holds the coins and he can redeem them by paying. The breach happens in case the value lowers.... he is no longer financially compelled to uphold his part of the bargain since he will trade a good asset (plus interest) for a losing one. You'll have to believe his word for this.... which makes to whole concept of collateral null and void. The fact that he did not mention partial redeeming is just inexperience, it is a common condition of loans when another currency is used as true collateral not this kind of weird hybridation that OBVIOUSLY favors him despite his weird attempts at denying this. That being said if these conditions are enough for someone to gamble, go ahead! I'm not suggesting that he will not pay... he is just making false advertisement and claims. |
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Questo però è dolo IMHO. Non voglio seminare zizzania visto che non sono coinvolto, mi limito a citare i fatti. Secondo me l'errore di questo management è la testardaggine al proseguire "chiudendosi" in un gruppino segreto invece di aprirsi e confrontarsi con l'intera comunità che, mi spiace dirlo, è più esperta. |
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Apparently you missed the part where the value could rocket and I would not be able to profit because, well it's in a collateral.
I did not, you may want to read more carefully my reply dated November 4. Before borrowing money you should spend some time into reading proper money management techniques: - forbid collateral liquidation ---> no longer collateral - include a partial refund in case of value rise --> professional approach. You also missed the part where the collateral is given to the lender if the payment is not made as per agreement.
That is the purpose of collateral, not something you can add as an extra. |
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What are you even talking about? Collateral is always provided, and has been provided to austin already via maidak holding them as he publicly confirmed.
It is a deposit as he cannot liquidate it in the event the value pummels. He has to TRUST you will honor the deal in such a situation. Very unlikely considering your reactions. Next time you want to be taken seriously, understand the difference between 'insure' and 'hand over the money without escrow and trust someone not to steal your collateral'.
That's childlish. Proper way of dealing business is escrow and liquidable collateral. Your refusal do to this is a huge red flag as it was already pointed out by another savvy user. Serious investors would not be able to comprehend exactly what you are complaining about when you yourself admitted never reading enough to see what I publicly posted and explained.
I did and made my reply showing the inherent dangers of such an agreement with you, along with the scammy title which includes the word "collateral". As I have already told you by PM: childlish behaviour isn't going to win you any friends. This is an investment opportunity and not a secured loan so... wrong section  Let's hear what other users say about this matter |
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Not agreeing to the terms that are in your favor does not make the deal a 'scam'.
Title states collateral will be provided when it is not ---> scammy behaviour. Offered deal is extremely dangerous. The collateral value overtime is not a consideration in whether I pay or not - I must pay, because you are supposed to pay back your loans no matter what. Am I missing something here?
Yes. The purpose of collateral is to insure the lender against the borrower. For more benefit please read here: http://en.wikipedia.org/wiki/Collateral_(finance) To call this standard arrangement a 'scam' because it did not settle in your favor - what a joke. You apparently think loans are supposed to be 100% in your favor and know nothing about how deals like these work. It's a trade off, and 3rd party escrow acting as the insurance against fraud - an option that I favor.
Beginners tend to mix LOAN with INVESTMENT. Is this a loan request or an investment opportunity? Secured loans are supposed to be 100% in the favor of the lender unlike an investment which exposes both parties to risk. Please check it here: http://en.wikipedia.org/wiki/Loan --- under SECURED section. You try to cater serious investors, please act accordingly. |
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Also, liquidating the collateral option is one I rejected and continue to reject, simply because the sheer volatility of crypto currency makes this a very disadvantageous move.
I am at fault for not reading this completely. User here is NOT offering collateral despite scamming attempts to entice users in thinking so. The very definition of collateral counteracts his assumptions. He whises to use lenders like a parachute: if everything goes OK and his collateral gains value he will pay, otherwise good luck with him giving back principal + interest and getting back useless coins  All this weighting on borrowed money. All offers withdrawn, stay away like the plague!! |
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mi hanno informato che non avete gridseed piccoli, ma blade... da 5Mhs l'uno.... quelli su cointellect, con i dovuti accorgimenti producono "solamente" 15€ l'uno al giorno. Ne avete 8, sono 120€ al giorno.
Da un mese e mezzo... beh.. qui moltiplica tu.
120*45 = 5400 € da cui togliere le spese energetiche. |
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Nessuno regala niente al gestore, l'energia prodotta in eccesso viene venduta ad una tariffa (infima). Di solito si cerca di capitalizzare su questa.
Comunque, giusto per curiosità... di quanti KHs di hashing power scrypt stiamo parlando? e a che consumo energetico orario?
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Nel mese di Settembre ero riuscito anche a trovare una società che aveva pannelli fotovoltaici che producevano in eccedenza e per capire come funzionava il mining, mi faceva attaccare tutti gli ASIC ai loro pannelli senza pagare corrente. poi quando si è trattato di chiudere il Deal si sono tirati indietro. Non ho abbanato la pista ma il mio contatto in quella Azienda oggi ha altro da fare e non può seguirmi.Peccato.
Un approccio che è già stato esplorato e considerato decisamente insostenibile a più riprese, se postavi qui ti avrei risparmiato del tempo. Motivo: e' difficilissimo contabilizzare. Il miner per sua natura ha un consumo fisso nominale giorno e notte, i pannelli solari hanno una produzione altalenante non solo relativamente al giorno/notte ma anche alle condizioni atmosferiche. Pertanto sarebbe stato necessario installare dei contatori per totalizzare sia la potenza consumata in regime di "eccesso solare" che di difetto, con relative tariffe differenziate. Inoltre essendo residente in azienda e/o collegato ad impianto solare deve essere 100% conforme CE, oppure se succedono dei problemi le assicurazioni in essere potrebbero fare storie. Troppo sbattimento... lo fanno in America o in Cina le mining farm da 0.1 o 0.2 PHs, sicuramente non piccoli sforzi come quello in oggetto. |
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Posso solo dire "incopetenti" e "menefreghisti" da inizio settembre gli stavo chiedendo il controllo delle macchine o almeno di metterel dove dicevo io ma nessuna risposta, nessuna azione, niente di niente....avremmo già recuperato l'investimento.....
Purtroppo c'è solo da pensare male.....
Se ritieni di esser stato truffato avvisa la Polizia e costituisciti parte civile no? Li paghiamo apposta |
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UP! New conditions posted |
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I could loan a portion of the request to you, but collateral must cover at least 110% of the loan, 120% is better for your safety.
Of course if the altcoin provided rises significantly in value I'm willing to send it back a portion up to the original value coverage... it is not my desire to hamper your trading efforts by devoiding you of liquidity.
PM me if interested.
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Ritengo si deva fare un aggiornamento di questo progetto in questa sede proprio per evitare che altri incauti possano perdere dei soldi come ci avete fatto perdere a tutti noi. Dopo 3 mesi di mining e sulla base di quanto postato in http://bitanimal.forumfree.it/ Il gruppo è chiuso e quindi non si può vedere niente... già questa era una brutta avvisaglia. |
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Please do not associate the name of legit business like Coinsortium with criminals dealing drugs. Our servers are our own, we have a regular contract and we do not use TOR or anything. I am not exactly sure about what are you trying to prove with these weird examples and citations. Before creating our company we paid a business lawyer to check compliance with our laws and that is all that it is required. Stil don't believe me? Well, it is within your rights! I won't discuss this matter further as it is useless on these terms. We have plenty of US investors and our law doesn't allow disclosure of personal information to a random foreign organization, be it governmental or not. |
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If you do the multiplication so that you see, in USD, how much each market is trading, it is easy to see what most people are trading. That is why BTC/USD are automatically returned, and other balances are only returned if necessary.
I'll try to put DRK and LTC and see what happens then, thanks! |
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Hey MJR, care to address the issue I posted earlier about your API?
I think I may have figured this out... Do you have a balance in DRK/LTC/TH1? The call to balances will only return those assets in which you have a balance. Hope that helps Thank you for your prompt response, I do not have any balance yet: 0 BTC, 0 USD, 0 DRK ecc.. so that is not the issue and, if I may, it is wrong and resource-wasteful to not send balance if "there is no balance". This is the answer I am getting right now: [{"type":"deposit","currency":"btc","amount":"0.0","available":"0.0"}, {"type":"deposit","currency":"usd","amount":"0.0","available":"0.0"}, {"type":"trading","currency":"btc","amount":"0.0","available":"0.0"}, {"type":"trading","currency":"usd","amount":"0.0","available":"0.0"}, {"type":"exchange","currency":"btc","amount":"0.0","available":"0.0"}, {"type":"exchange","currency":"usd","amount":"0.0","available":"0.0"}] IMHO you only need to add the appropriate queries to your database for DRK, LBC, TH1 and add the results to the JSON accordingly. |
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I understand your concern with posting tickets here but I was concerned with the legitimacy of your site.
No response in 48 hours for missing coins will make one nervous.
A simple email bot with an assigned ticket number would have gone a long way to alleviate my concerns.
I will say publicly that my problem has been resolved. Thank you
That is our standard procedure but apparently your request appeared late for some reason. I am happy everything ended well |
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Same here, email sent a week ago --> no answer yet
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Guys, apparently Coinsortium.co is suffering the aftermath of a DDOS attack. We are looking into this and it will be solved ASAP. Do not panic, all your funds are safe |
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