I think both of you know what was going on - yes to was a 1% account, yes I carry reserves, no it wasn't a passthrough.

In other news, I am still working through the 17 messages received overnight - I will have the withdrawals done shortly.

I am aiming to provide as much information as soon as practical as there are obviously people with a strong interest in this (not the least myself as I hold around 1/3 of the PPT.DIV shares).

I have 246.6BTC reserved for the dividend on Monday and I believe that should still get paid as the current buy-back will be occurring at UTC00:00 as planned.

Beyond that, the drop in interest rate to zero is going to severely hinder profits.  My initial calculation is that there will be one more dividend totalling approximately 90BTC.

After that - kaput.

With BS&T developments in the last few hours, I'm going to unlock this thread.  If it gets filled with insults, wild accusations and other bullshit, I'll lock it again.

I will be following the contract, and I have not worked out how much this will cost me yet.

(and obviously today's sale is off.)

Contract
In the event that BS&T stops payments and returns the principal and interest to date or changes its terms and conditions so that the intended pass through of interest is either stopped, pays lower interest or at a schedule that does not align with the PPT bonds the bonds will still be redeemed for their full face value on their scheduled redemption date.  PPT and the above mentioned backers will cover any shortfalls from the capital reserves of PPT.

Don't know, nor particularly do I care.  In the local finance market it wasn't the collapse of companies that was worst, it was the simple lack of diversity of investments.  Retired people by their hundreds and thousands put 100% of their money into just one thing.  When they went pop - their retirement was ruined.

The point about interest rates is not one of a normal business or inflationary cycle, but one of moving from an accelerated economy to one that behaves more efficiently.

A lot of bitcoins go that direction.

Two updates:

1st: with 14 registered participants, I'll be limiting this fund to a maximum of 25 and closing it at the end of the month because there is some manual processing that goes with the weekly payments.
2nd: If there is sufficient demand, I will consider a kraken#2, but with a 2% weekly max rather than 2.5%.

paid

65f8df0d52e5c5fcf07b82f74292798d367330c4590bb7f6fbd24948219f0706

no chance - get the right link and don't be lazy

Wendy says post the link

This is what happens on a Friday night - it's costing me money - remember to post a receiving address.

I have a couple of "high-risk" accounts.

Basically there are some people that put a huge amount of effort into bitcoin.  The WPW thread and the work that goes on behind the scenes is one of those, and the tide of people accusing everyone in the lending scene is to a significant detriment to the forum and bitcoin as a whole.  The Starfish deposits system is around break-even and probably gets subsidised from the dividends and mining I do, but I consider it important to have space open for people wanting to park a few coins with low risk.  As for my own situation, personally, the idea of running away with $1M is silly - it's really not enough and I have other objectives.  (I think I'm close to that in my local currency, whatever 60k coins is - and I am well past the point where I have recovered all of my seed money).

I have noticed there are some accounts where the sole purpose is to cry "ponzi" and scam for months and sometime years on end (ages before Micon joined the party late).  This week I have been accused of being a scammer, "shit", a criminal and someone that deserved to be put in jail.  I get off lightly, but others are labelled shills, pirate prostitutes and many other things without proof.  (I still have the pm where I was offered 100BTC for a referral that I turned down.)

Maged, the moderator for this part of the forum, might be justifiably concerned about the impact of BS&T but has landed quite heavily on one side of the debate and this comes through in the treatment of those working to provide a range of services.  I have previously pointed out some basic ID details for him, and others late to the witch-hunt (and I am reminded on Joel's beautiful comment yesterday that is pure "group think" - "don't think outside the box") have not bothered to do their basic homework.  I was, however, pleased to note a quite rational post from Micon so obviously he is learning some stuff about bitcoin along the way.

There are some schemes where I have inside knowledge, provided on a confidential basis.  I also hold information on many users, also provided confidentially.  Myself, if you don't know who I am down the the colour of my house/car/cat you're not even trying (actually the cat could be tricky).  I am not going to "spill the beans", as my approach is more subtle.  That includes BS&T as I know (and have had confirmed) the mechanics that allow such fantastic returns and could implement it on a smaller scale, but there are actually better returns if you know how. 

Months ago I signalled to several people that the interest rates in this economy would fall.  Pirate has done exactly what many other have done and has begun his process, but he's certainly not the first to do that.  They will fall further, as will the rates Starfish and all other legitimate providers.  Bitcoin is a great example of an accelerated economic history, and a great textbook example to learn from.  As such, it is quite interesting working within an economics consultancy where I can discuss the evolving concepts in months rather than years/decades.  As such, I'll have a lot more work to do on this thread over the next year.

So for the detractors: I hope you do not get your wish in killing bitcoin, and I am pleased to provide and protect the intent behind PPT.x and a range of other things you consider criminal.
For the hundreds of people I deal with: I have two weeks away from my day job to work on my website, otherwise, you know how to contact me.

I could send you some, but you might have to wait 181 minutes.  pm if interested

Maybe they think the price will go down?

Maybe they don''t want to incur a $5 cash advance fee for a $1 payment?

Maybe they can't get credit anywhere else?

I have asked and advised borrowers in the past to choose alternative methods as pretty much anything else would be cheaper.

Yes he did.  It wasn't within my current plan, and about 30 minutes before he contacted me I had I wondered how long it might be before someone did a pass through.  Thus I found it quite funny when his pm popped up.  I wish him well.

An interesting week, and with the changes occurring across the PPT landscape, the PPT.x series is no exception.

3000 "bonds" to be sold tomorrow https://glbse.com/asset/view/PPT.C

NOTICE - change in pricing

To reflect the new top tier interest rate, the floor price is set at 1.0BTC and the payment will be 1.20 being four times 5%.

Balance table updated https://bitcointalk.org/index.php?topic=61262.msg981017#msg981017

Transactions (deposits/withdrawals) in the last week: 42 (13 withdrawals, 28 deposits).
Deposits (1% accounts) 16,794BTC

The bulk of the OP contents will be reinstated later today.  This has been a useful exercise demonstrating the bias of particular people against those actively working to improve the Bitcoin economy.

The OP will be restructured and include the following features:

• Only those with business models that are apparent or have been disclosed will be listed.
• To be listed, issuers will need to submit and agree to publication of their financial metrics (the credit rating system).

Thank you for the views expressed - 1.00 and 1.20 seem to be the preferred numbers (and makes things clear).

I will hold off another day before confirming.