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1081  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 11:04:39 PM
Thank payb.tc!

Also, before going off trying to do compounding backflips, how bout https? I think that's a little more important   Lips sealed.

And, FY stats for the acct history page would also be nice (for taxes).

FY is only 5 days old at the moment.

that's a hint that means "i'm not going to cater to all possible countries and tax codes" Cheesy

will think about getting https though.
1082  Economy / Trading Discussion / Re: PHP martingale bot for satoshiDICE on: July 04, 2012, 09:54:56 PM
Could anyone make a guide on how to set this up on windows for a noob like I?

on windows, you might need to make yourself familiar with xampp http://www.apachefriends.org/en/xampp.html
1083  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 09:48:24 PM
Payb.tc, do you think it would be possible to add time periods for the the payout ratio of earnings?

Example:
In the "Auto Re-invest" section, I have the ability to select a time period (in weeks) for my payout ratio of earnings to apply (instead of every week).
So I could choose to "Send me 40% and re-invest 60% of my earnings every 4 weeks" so the payout would build longer than if I did the same payout ratio every single week.

i understand what you mean, it'd be like

0%, 100%
0%, 100%
0%, 100%
40%, 60%
0%, 100%
0%, 100%
0%, 100%
40%, 60%
etc.

i tried to work this out using an example on my calculator and i think that you can achieve exactly the same result doing this:

10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%

(in both cases, investing 10 BTC gives you a balance of 16.18 btc at the end)

edit: second one gives you 16.19 btc at the end... but they are basically the same.
1084  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 09:39:53 PM
following on from the previous post, i just want to make one point clear:

your investment is 100% exposed to BST as soon as you send it to me, regardless of where the outputs of your actual transaction get spent.


whats are your take on to what kind of service BCST is providing to its clients and therefore the risk exposure to your buiseness and that of your lenders?

Cheers Zyk

P.S.  you mean if pirate goes bust you are free of returning principal ?

my take is that it works, so i don't really concern myself with trying to find out why it works. if pirate really wanted us to know, he'd tell us.

and yes i'm free of returning principal: your principal 'amount' is with BST.

an example of that would be let's say to start with i have 200 btc which i keep here:

BST wallet   100   i own 100% of these coins
My wallet   100   i own 100% of these coins

then, a bitcoinmax lender decides to invest 40 btc (sending it to MY wallet), the ownership changes immediately to:

BST wallet   100   i own 60 of these coins, and the bitcoinmax lender owns the other 40
My wallet   140   i own 100% of these coins

then if BST stops paying, i've lost 60 btc, and the bitcoinmax lender has lost 40 btc, even though the actual 40 bitcoins that he sent are still unspent in my own personal wallet.

1085  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 02:51:25 PM
following on from the previous post, i just want to make one point clear:

your investment is 100% exposed to BST as soon as you send it to me, regardless of where the outputs of your actual transaction get spent.
1086  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 02:42:13 PM
although i try to pay out withdrawals as quick as I can, they're always subject to availability and may take up to 24 hours even for small amounts, as i may myself need to make a withdrawal from BST.

What do you mean with "subject to availability"?

He means that if you ask to withdraw 2000BTC and he doesn't have that much lying around, he'll need to organise a withdraw from BS&T first.

...or wait for other lenders' deposits to cover it.

same applies even for small amounts... it just depends how much is in my own wallet when you request the withdrawal.
So the deposit addresses we get from you - they are from your wallet, not from a deposit pool of your BS&T account?

correct

BST account only has 1 deposit address
Then it is generous form you that you start counting right after the first confirmation, just rounded to the next half an hour.
Unless you have some kind of automatic deposit forwarding that is active while you are sleeping...?

no, you're right. it is inevitable that a certain % of the coins will be sitting in my own wallet for a time earning no interest at all.

but this is no worse for me really than keeping some of my own personal coins offline.
1087  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 01:53:25 PM
although i try to pay out withdrawals as quick as I can, they're always subject to availability and may take up to 24 hours even for small amounts, as i may myself need to make a withdrawal from BST.

What do you mean with "subject to availability"?

He means that if you ask to withdraw 2000BTC and he doesn't have that much lying around, he'll need to organise a withdraw from BS&T first.

...or wait for other lenders' deposits to cover it.

same applies even for small amounts... it just depends how much is in my own wallet when you request the withdrawal.
So the deposit addresses we get from you - they are from your wallet, not from a deposit pool of your BS&T account?

correct

BST account only has 1 deposit address
1088  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 09:33:26 AM
although i try to pay out withdrawals as quick as I can, they're always subject to availability and may take up to 24 hours even for small amounts, as i may myself need to make a withdrawal from BST.

What do you mean with "subject to availability"?

He means that if you ask to withdraw 2000BTC and he doesn't have that much lying around, he'll need to organise a withdraw from BS&T first.

...or wait for other lenders' deposits to cover it.

same applies even for small amounts... it just depends how much is in my own wallet when you request the withdrawal.
1089  Other / Alternate cryptocurrencies / Re: LTCPPT - Litecoin Pirate Pass Through on: July 04, 2012, 05:21:17 AM
i just came up with this idea myself today but after a forum search i see that coblee beat me by 2 days Cheesy

it would be good if deposit/withdrawal was in LTC, but you just have to manage the exchange risk somehow.

...and that would all be a lot easier if there was a litcoinica.com for shorting LTC.
1090  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 04:12:52 AM
yes, BST trust accounts start at 5% for balances of 5000 or more.

needless to say, my BST account has a few more than 5000 in it now.

if that ever changes, i'll give lenders advance notice of any change to rates.


I can bump up a few hundreds BTC to my deposit account if you need it, just PM me and give me some time to arrange it.

thanks, good to know!
1091  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 03:57:21 AM
yes, BST trust accounts start at 5% for balances of 5000 or more.

needless to say, my BST account has a few more than 5000 in it now.

if that ever changes, i'll give lenders advance notice of any change to rates.
1092  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 03:11:52 AM
Even though I am no longer depositing with Pirate, bitcoinmax is really an excellent service. At the cut he's taking, this is basically volunteer work (and I'm sure it is a LOT of work). I was always surprised with how dedicated payb.tc has been to his depositors. Very professional and seamless.

+1

Payb.tc customer service is similar to spendbitcoins.

now that's what i call a compliment Cheesy
1093  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 03:08:30 AM
the way i figure it, most guys with huge balances started out small... so if i take care of the 10 BTC'ers, i'm thinking that many of them will re-invest and naturally become large account holders.

going by the ratio of re-investors to payment-takers, that assumption has so far been quite sound.
1094  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 04, 2012, 01:44:50 AM
I'd like to post some feedback on payb.tc:

I started an account with Bitcoin Max a little less two weeks ago and have been through two Monday cycles. Overall I felt uncertain about Pirate--this was my first try at a PPT--but I wanted to take the risk to try to recoup some of my significant mining bond losses. I'm pleased to report that everything went smoothly! Payb.tc responded promptly and professionally to my many pestering PMs. Wink I deposited a quite a few BTC (upper 3 digits) and withdrew most of it (4 digits) today. I also love the level of information the website gives for all aspects of the operation: deposit/interest/withdrawals.

Thanks for the great service! Cool

no problem! thanks for the review.
1095  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 03, 2012, 10:03:58 PM
it's official... the weekly bitcoinmax rate come 1st of August will be:

6.9%


That sucks. I was hoping for 7.5%

Shocked

i was thinking of dropping it to 6.7% since it's taking up quite a bit of time, but in the end decided against it.
1096  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 03, 2012, 06:38:25 PM
it's official... the weekly bitcoinmax rate come 1st of August will be:

6.9%
1097  Economy / Long-term offers / Re: Bitcoin Savings and Trust | Home on: July 03, 2012, 05:18:10 AM
Trust Account
Trust accounts are considered partner accounts, designed for members that manage sub-accounts.  
  • Benefits:
    • Rates Starting At 5%*
    • Unlimited Deposits
    • Create & Manage Sub-Accounts
    • Trusted Account Verification Seal

Starts at 5%?  How high can it go and what determines the rate?

over 9000, and pirate determines the rate Tongue
1098  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 03, 2012, 03:12:51 AM
Hey payb.tc, I would like to ask you a question.  What other activities do you have on this forum or around Bitcoin in general, apart from this PPT?  I believe answering this would be good for your credibility, thanks!

hi cantor, i'm sure my credibility is already fine as it is, but i've done these sites:

http://payb.tc
http://bitnot.es
http://thrucoin.com

i've also done development work on a fair few other bitcoin sites for various entrepreneurs, who would probably rather maintain the illusion that they did everything themselves Wink (and that's totally fine with me)

edit: almost forgot about http://bitcoinclock.com!
1099  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 03, 2012, 01:21:22 AM
it's like a savings account & a checking one

anyone attempting to use bitcoinmax as a checking account or online wallet, will quickly discover it's not suited to that purpose at all.

although i try to pay out withdrawals as quick as I can, they're always subject to availability and may take up to 24 hours even for small amounts, as i may myself need to make a withdrawal from BST.
1100  Other / Beginners & Help / Re: What problem does Bitcoin solve? on: July 02, 2012, 11:34:22 PM
Cannot reverse a transaction unless both parties agrees.

only the receiver has to 'agree' Cheesy
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