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TradeFortress,
Something else I just thought about...
Is CoinLenders a one-man show? Or, is there someone ready and able to fill your shoes, manage the assets/accounts, and keep things running smoothly if you were to be incapacitated due to some unfortunate event? For example, if you had a heart attack or were involved in a car accident that required hospitalization for several days/weeks.
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TradeFortress,
As an additional layer of security, is there any chance you could give depositors, when initially setting up their account, the option of allowing funds, when withdrawn, to only be sent back to the address that the deposit came from?
As an example, if my account was hacked into, and the hacker made a 1 BTC deposit, then the only funds that could be withdrawn back to the hacker's BTC address would be the deposit he made from that address and any interest made on that 1 BTC.
I'm working on a feature where you can lock in a withdrawal address in settings, and can only unlock it with a 14 day cooling off period.  Nice. I'll feel comfortable depositing more when that feature is in place. On another note, what fraction of the deposits do you intend to hold on reserve and make unavailable for loans? |
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TradeFortress,
As an additional layer of security, is there any chance you could give depositors, when initially setting up their account, the option of allowing funds, when withdrawn, to only be sent back to the address that the deposit came from?
As an example, if my account was hacked into, and the hacker made a 1 BTC deposit, then the only funds that could be withdrawn back to the hacker's BTC address would be the deposit he made from that address and any interest made on that 1 BTC.
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If I had a bitcoin for every different opinion I've read on them, I'd be rich (even at their current price). Yes, I am aware formal credentials aren't everything, but they obviously are a lot. So, if anyone who posts frequently here or in the "Speculation" thread frequently, I would just be curious of what kind of credentials you have.
Credentials are meaningless. Paul Krugman, for example, has a Nobel prize in economics, but knows nothing about how a free-market economy leads to prosperity. He's been drinking too much of that Keynesian Kool-Aid. If you're unsure about how to "connect the dots", just dig for answers and think things through logically. The light bulb will eventually come on. |
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I'm on my 5th loan with OMGBobMarley and he has always paid as agreed.
Sorry it took me so long to get around to clearing this up.
I invited OMGBobMarley to this site to help document our loans and build him some street credit, not to degrade it.
However, I was busy with work the past couple weeks after getting back from vacation and was unable to defend him when he needed it.
I hope people give him a second chance. You don't have to trust him with a loan, but no need to hail him as a scammer. He's another great asset to the bitcoin community.
And don't worry, I'll be the first to blow the whistle if he doesn't pay me back, haha. I'll keep you posted!
He may have paid back the loans you gave him, but he certainly didn't pay for the 2.14 BTC that I agreed to sell to him and that makes him a scammer. He just used you to establish some credibility in order to take advantage of someone else. Everyone can decide for themselves how, or if, they want to deal with him, but in my opinion he doesn't deserve a second chance until those bitcoins have been paid for in accordance with our agreement. |
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Likewise, it was a pleasure doing business with you, Protagonus. Flawless, quick, and worry-free transaction. Will be happy to transact with you again in the future.
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Code for $200 Moneypak received and successfully loaded. Sending BTC...
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Offer above accepted by: shawshankinmate37927
Going to get Mpak now. Will update
Yes, deal accepted. Awaiting Moneypak code via PM for $200. |
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$300 Moneypak successfully loaded. Smooth transaction. Thanks, WiseOldOwl! Look forward to doing business with you again in the future.
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OK, BTC sent, awaiting confirmations.
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OK, Mt Gox Last is 191.5. $300/191.5 = 1.56657964 BTC. Agreed?
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ahem.. some of us are trying to buy more btc before the fiat bubble bursts!  You better hurry up! When that bubble pops it ain't gonna be pretty for people without bitcoins in their wallet!  |
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Given the small "market cap" reality, I think bitcoin can goes to 100 really without too much resistence, which is indeed the case. But from here on, it may become harder to go up to $1000, simply because now we need some "$10bn market cap" (acutally much less than that, but the trading volume in dollar terms have to go up about ten times of current size, or bigger than that).
I do not agree. I think the first $10m was the hardest. Then $100m was not too hard but it leveled out for a while around $350m. But look how fast it went from $1b to $1.5b. The capital pools are a lot deeper now with a lot more market participants. This may very well be the catalyst that gets us over $10B in very short order: https://bitcointalk.org/index.php?topic=166873.0 |
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If you're looking to sell your BTC to an honest buyer with a solid reputation who can get the cash in your hands within 24 hours, then look no further. Projects has provided me with great service, and I won't hesitate to do business with him again in the future. Thanks again, Projects.
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He's reading and responding to the readers' comments, so I tried to leave the following rhetort in the "Comments" section of the article, but it doesn't appear to be working, so I'm pasting it here: "But Bitcoin does not generate any cash flows."
Likewise, the dollar doesn't generate any cash flows. Why would I convert my bitcoins to dollars if dollars can't generate a cash flow? Bitcoin is cash. Would you rather your cash be of the debt-based fiat variety or one that can't be quantitatively eased, counterfeited, confiscated, redistributed, etc....
Later, I'll try to copy and paste it in the "Comments" section of the article. |
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OP is a piece of shit. Scammed me out of 2.14 BTC! Caveat Emptor!
See ? If anyone is afraid of giving a collateral or scared to submit docs to TradeFortress' site, bingo! Oh My God! Bob Marley, do you have anything to say ? He's went offline, imagine that. Probably logged in under a different name now. |
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OP is a piece of shit. Scammed me out of 2.14 BTC! Caveat Emptor!
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What do you think will stabilizes the price and make bitcoin better/more available?
How, exactly is the price supposed to stabilize when Ben Bernanke is creating 85B new dollars every month? It simply isn't going to happen as long as he's creating the equivalent of 85 Bitcoin economies every month. Then you have to also consider all of the other fiat currencies being debased around the world. If price stability is important to you, you're in the wrong currency. |
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why not just escrow?
Some people prefer to purchase BTC with cash in a face-to-face setting. If there happens to be individuals that fall into this category in my local area, they'll know that I'm willing to accommodate them. |
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