As an update, I will be writing to all of the people that currently have loans from Starfish over the next few days.  The purpose is to determine which loans can be recalled early, and which ones can not and need to run the agreed terms. 

It shouldn't.  The two are accounted for separately.

I personally purchased a few, rather than the fund.  Otherwise that would be a bit weird.

I'll vote for myself - isn't that what I'm supposed to do?

I was thinking about PPT again today while working on something else (related).

Currently there are some bids (bid walls) up for the three outstanding bonds as part of the insurance underwritten by myself.  It occurred to me that, for those people that exercise the insurance option, that reduces the total liabilities of the PPT system and IF (rather than when - I don't know) Pirate releases funds, that will be PPT profits.

At the moment approximately 200 of each of E, A and B have been redeemed.  The implied value per share is roughly  600 * (1.28 - 0.32) / 9000 * P(BS&T repaid) = ??

I had originally assumed that if I paid out the insurance and received the coins back from the BS&T account, I would get to keep it, but under the contract that is wrong - it would get divided up amongst the PPT.DIV holders.

I provide this as information as I believe the market has a right to know and understand (or determine for itself) if this has value.

(Disclaimer: I have a material interest via my own PPT.DIV holdings, but I am choosing not to trade any PPT series assets.)

There is a 300BTC space becoming available.

Newsletter #2 and a 0.5% payment for the past week have been done.

Note, this was advised about a week ago, so it was expected.

On that logic, you are a scammer too - the presumption of guilt in the absence of evidence.  I find that quite a silly stance to take, and if that is how you view the world, it must be an unhappy place.

+1 (finally someone recognises the basics).

For the newbies trolling the lending section, they might be interested to know rates have roughly halved in the past six months.  Personally I've already done one reduction and was planning a second before deciding to change the future direction of StarfishBCB. 

You are incorrect.   My wife is not supporting a scam or scammer, and your behaviour continues to be disrespectful.  Your attitude continues to be a significant negative for anyone considering to use this forum, let alone bitcoin.

I'm not a scammer.  If you think I am, please find someone I have scammed rather than continuing with your lies.

If you keep your eyes closed, you'll continue to avoid the evidence.  Haven't you noticed eight months of lending where people offer to pay superior rates, or the many posts from people confirming that they have paid much higher rates.  And the point I was making was about the cost of capital, rather than the returns.

On straight compounding that'll take a while

I'll add a small comment that I expect to be dismissed or ignored by critics that really don't understand this part of the bitcoin market. 

People pay 1% per week (and higher) on deposits because it their next cheapest source of funding - and that happens to be the market rate in this economy.  They happen to be able to generate higher returns, and thus leverage their positions.

It is a simple matter to observe large companies and banks making huge profits, but they still take more and more in deposits.  For US companies, the rate they pay is currently low, but the arguments in this forum suggest corporates shouldn't have any debt if profitable.  That, however, does not maximise returns.  Also, for those with short memories or a US centric view, around 1980, the standard bank benchmark rate was 15%.  In today's market for start-up companies, equity can cost between 30% and 50% per year and that was the expected level of return demanded by one of the investors in the electricity company I worked on (other investors only needed 20-30%).  Bitcoin is coming down to those levels as expected.

And off-topic for a moment, the arbitrage opportunities I'd play with would use the 10% differential that currently exists.  Those that claim it's not possible are obviously not looking.

Updated balance list https://bitcointalk.org/index.php?topic=61262.msg981017#msg981017
Weekly interest payments for non-compounding accounts issued

Total on deposit @ Starfish = 15,250.

Obviously I will be interested to see your collected assessments of the people in this section then.

Thank you Mosrite.  However, you're also to stupid to understand the rating metrics and grades used in the real world, let alone the ones used as general guidance here.  When you can provide some reasons for your recommendation, then someone might take you more seriously.

I've been thinking about what to do with Starfish for a while.  This partly because of timing over the last few weeks with net withdrawals being high including a net 1700 in the past week.  This is on top of honouring 6000BTC of BS&T payments after Pirate inopportunely froze fund transfers.  I have also been addressing some particular questions about repayment times because many of the Starfish assets are longer term loans or investments.

Options have included forced withdrawals, lowering rates, setting fixed repayment times/delays.  What I intend doing is allow the outstanding loans to be repaid on their current schedule and use the funds to continue to meet withdrawal requests as and when they occur.  As some of these extend three to six months, it is going to take a while as borrowers are not able to magically come up with funds, otherwise they would not have borrowed in the first place.

I have a commitment to return 750BTC at the end of the month for someone already that will be met,  Otherwise, withdrawals will be processed in order with the balance to be paid confirmed at the time the request is made.  I am not accepting new accounts or deposits.

She's entitled to her opinions.

With that, I agree.  I know of at least one scheme where the line was blurred, but was eventually disclosed, and there are others that have had their liquidity screwed by the sudden closing of BS&T.  It is surprising and disappointing, but then perhaps I should not be too surprised.  It helps demonstrate the thin economy and that we're still very early in the bitcoin story.

That's reasonable - like where he explained about the $200 cheque fraud and he worked out how hard it was to sort out the ID theft that occurred at the time?  Or that he used to do forex trading (that's on the net) before he did his IT business ventures.  I think there would be a big difference if someone had said "invest in BS&T, it's safe" because I don't recall ever actually having seen that.  It's always been "warning, stupid high risk you might lose all your money" type of stuff.

I'm not sure who all the PPT operators are, and certainly don't know who some of them are behind their usernames.  I have been asked which PPTs people should use because I wasn't keen on running one (other than the GLBSE bonds which were a bit different), and Payb.tc had a nice operation and paid well, so he was probably most visible, but it should not have been hard for people to find a pass-through, and do whatever research they should have.