i like this idea and i would like to participate
Good to hear.
I want to suggest an alternative proposal. What if people can open their own bitcoinmax account but set the interest address to an address you own. Then after you get the coins on Monday, you spend a few days (or maybe a week) buying the litecoins at the exchange and then send people their coins after taking a small cut for yourself. I think a service like that might be more useful. That way, people only have to trust bitcoinmax and pirate with their principle. What do you think?
Been thinking about this overnight, I see where you are coming from.
- I am considering offering less than 5BTC min - assuming I could automate it picking up deposits, and forwarded it onto the PPT (could easily be scripted).
- Going direct via bitcoinmax may encourage people to change from "invest all" to "compound" irregularly
- Does not let me "buy ahead" stocking up the coin before when the interest is due (cant estimate how much), buying after doesnt feel "right" as interest would be running a week later, and is more susceptible to market booms-crashes.
I do like some of the positives, would remove the work load from myself. Let me have a think / look into both options.