Bitcoin Forum
September 16, 2019, 01:28:18 PM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 »  All
  Print  
Author Topic: [ANN] Bantam [BNT] The world's first Crypto Collateral System | BTC Loans  (Read 32356 times)
BantamSystems
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
December 23, 2015, 01:07:23 PM
Last edit: February 19, 2017, 04:50:13 PM by BantamSystems
 #1

The Bantam Mission

Personal cryptographic collateral

Since the dawn of the banking age the ability to obtain a personal loan has been tied to the credit worthyness of the individual seeking the loan and for the most part, the calculus that goes into computing a “credit score” for individuals has been hidden from the public which has made it tremendously difficult for the average person to obtain loans from the traditional banking sector.

Bantam is the worlds first dedicated cryptographic collateral network that acts just like a traditional banking firm, but with a slight difference. Unlike like traditional banks, Bantam seeks to furnish personal BTC loans based on it’s own publicly available blockchain based database that tracks credit worthiness of individuals based, not on socioeconomic standing, but on a publicly verifiable track record of loan repayments, or the lack thereof and the amount of publicly verifiable BNT holdings of individuals that are seeking loans. In this way, Bantam becomes the worlds first dedicated, cryptographic representation of digital collateral.



http://i.imgur.com/a9vIz8V.png
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
BantamSystems
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
December 23, 2015, 01:08:26 PM
Last edit: February 19, 2017, 04:50:00 PM by BantamSystems
 #2

http://i.imgur.com/d21SPP2.png


BY PARTICIPATING IN THE BANTAM PROJECT, YOU AGREE TO BE BOUND BY THESE TERMS AND ALL OTHER TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE TO ALL OF THESE TERMS, DO NOT USE OUR SERVICES.




The Bantam Project reserves the right to change or modify terms. If changes are made, notice will be provided by way of public announcement.  You are encouraged to frequently review terms to maintain an up to date understanding of the terms that apply to your participation in the Bantam Project.




http://i.imgur.com/a9vIz8V.png
bathrobehero
Legendary
*
Offline Offline

Activity: 1764
Merit: 1029


ICO? Not even once.


View Profile
December 23, 2015, 01:11:42 PM
 #3

"blocks" : 122,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 0.06548870,
"proof-of-stake" : 0.00024414,
"search-interval" : 1
},
"blockvalue" : 4500000000,
"netmhashps" : 0.23092925,
"netstakeweight" : 0.00000000,

Avoid centralized, closed source, custodial crypto wallets and exchanges at all costs!
kcanup
Legendary
*
Offline Offline

Activity: 1456
Merit: 1000


View Profile
December 23, 2015, 01:18:01 PM
 #4

Need pool....
ocminer
Legendary
*
Offline Offline

Activity: 2408
Merit: 1233



View Profile WWW
December 23, 2015, 01:31:06 PM
 #5

https://bnt.suprnova.cc is up !

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
BantamSystems
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
December 23, 2015, 01:38:48 PM
 #6


Thanks for supporting the project. Adding to the main post Smiley
kcanup
Legendary
*
Offline Offline

Activity: 1456
Merit: 1000


View Profile
December 23, 2015, 01:39:52 PM
 #7


Thanks OC  Wink
samspaces
Legendary
*
Offline Offline

Activity: 1346
Merit: 1000


View Profile
December 23, 2015, 01:57:14 PM
 #8

Yes, ok.

    int64_t nSubsidy = 45 * COIN;
   
    if (pindexBest->nHeight+1 == 1)
    {
      nSubsidy = 9945000 * COIN;
      return nSubsidy + nFees;

Meh.
BuWICK
Newbie
*
Offline Offline

Activity: 41
Merit: 0


View Profile
December 23, 2015, 02:44:19 PM
 #9

We may, at our discretion, refuse loan applications if ability to repay is deemed to be uncertain. We will refuse applications if the applicant posts a loan request from a bitcointalk.org forum account that is ranked lower than “Jr. Member.” Loan requests will be refused if the borrower does not have any verifiable Bantam (BNT) holdings.

i want to be clear on this since i have newbie account does this mean that i will not be able to secure a loan from you guys even if i have the collateral?
Godson_Mansa
Hero Member
*****
Offline Offline

Activity: 616
Merit: 501


@Mansa_Godson


View Profile
December 23, 2015, 02:51:37 PM
 #10

Yes, ok.

    int64_t nSubsidy = 45 * COIN;
   
    if (pindexBest->nHeight+1 == 1)
    {
      nSubsidy = 9945000 * COIN;
      return nSubsidy + nFees;

Meh.

i think thats for the reserve

http://MutualCapitalCrypto.com

Bitrated user: AltcoinGodson.
BantamSystems
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
December 23, 2015, 02:58:31 PM
Last edit: December 23, 2015, 03:49:44 PM by BantamSystems
 #11

We may, at our discretion, refuse loan applications if ability to repay is deemed to be uncertain. We will refuse applications if the applicant posts a loan request from a bitcointalk.org forum account that is ranked lower than “Jr. Member.” Loan requests will be refused if the borrower does not have any verifiable Bantam (BNT) holdings.

i want to be clear on this since i have newbie account does this mean that i will not be able to secure a loan from you guys even if i have the collateral?

Borrowers with posting history on the forum will be deemed as lower risk than someone with a newbie account.

Sufficient posting history will also assist us in assessing likelihood that BTC loans will be repaid.

Overall, it's about assisting individuals to build a credible arsenal of records and digital assets that will create publicly verifiable credit worthiness. This is very important as it will allow individuals to receive loans not only from The Bantam Project, but from a wide variety of sources.

BNT as collateral, encourages people to maintain a solid history of 'niche' transactions in and out of 'one' particular address. They can then use this address as a dedicated means of proving, or disproving, credit worthiness.

So to answer your question, users that aren't ranked 'Jr. Member' or higher, are not be eligible to engage with the Bantam Loans Project, but are free to engage with trading BNT once it hits the exchanges

jimlite
Legendary
*
Offline Offline

Activity: 1806
Merit: 1018


View Profile WWW
December 23, 2015, 03:11:09 PM
 #12

Can you post coin mining statistics please.

15-35% off anything on Amazon + .01 free BTC with Purse/Amazon https://t.co/ui0FEgypOX
Want a set and forget cpu and/or gpu mining app? Easier and better than Nicehasminer Try https://honeyminer.com/referred/58rie
NEED TO RENT A RIG? All algos at http://www.miningrigrentals.com/register?ref=627
Binance, hottest/largest alt exchange, 2BTC daily no verification. https://www.binance.com/?ref=13309371
NEED TO RENT A RIG? All algos at http://www.miningrigrentals.com/register?ref=627
If you own ANY #Bitcoin #BTC $BTC you should really follow this link and get in on the biggest #FREE airdrop in history. #BitcoinHex coming in 4 weeks at http://bitcoinhex.com/?r=0x9b1C28A29E13435AbCB1dAe4A31F9B5209D9Ec2C
Want a set and forget cpu and/or gpu mining app? Easier and better than Nicehasminer Try https://honeyminer.com/referred/58rie
Need to rent Big Hash https://www.nicehash.com/?refby=1393
TREZOR HARDWARE BTC SAFE WALLET http://tinyurl.com/olw2qe3
https://rawx.io Secure alt exchange that PAYS you interest!
BTC dice and FREE bitcoin faucet with only 1% edge https://t.co/blurpfa3Q4

  ✵ Super FAST block times      ✵ Block Explorer right in the wallet!     ✵ Stealth Addresses     ✵ PoW/PoS hybrid  
██
██
██
██
██
██
██
██
██
██
██
Ancient Money
for a New World
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
Join the conversation!
██
██
██
██
██
██
██
██
██
██
██

                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀

TWITTER


samspaces
Legendary
*
Offline Offline

Activity: 1346
Merit: 1000


View Profile
December 23, 2015, 03:14:17 PM
 #13

Yes, ok.

    int64_t nSubsidy = 45 * COIN;
   
    if (pindexBest->nHeight+1 == 1)
    {
      nSubsidy = 9945000 * COIN;
      return nSubsidy + nFees;

Meh.

i think thats for the reserve

Or a slow dump.
"The Bantam Reserve will gradually be exchanged for bitcoins over a period of 12 months"
bathrobehero
Legendary
*
Offline Offline

Activity: 1764
Merit: 1029


ICO? Not even once.


View Profile
December 23, 2015, 03:24:52 PM
 #14

Can you post coin mining statistics please.

Do you mean this?
{
"blocks" : 317,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 50.89078037,
"proof-of-stake" : 0.00024414,
"search-interval" : 1
},
"blockvalue" : 4500000000,
"netmhashps" : 4967.59630314,
"netstakeweight" : 0.00000000,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 0,
"maximum" : 0,
"combined" : 0
},
"stakeinterest" : 3000000,
"testnet" : false
}

Avoid centralized, closed source, custodial crypto wallets and exchanges at all costs!
BantamSystems
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
December 23, 2015, 03:31:16 PM
 #15

Can you post coin mining statistics please.

Sure, The Bantam Project highly suggests mining only with a known and trusted pool such as Suprnova: BNT @ Suprnova

Currently their stats are

Pool Hashrate: 3,146.47 MH/s
Pool Workers: 22
Net Hashrate: 4,857.20 MH/s

Aside from that, Bantam has a total of 76,500,000 coins
Uses the X11 hashing algo
9,945,000 coins in the BNT reserve
Hybrid proof of work and stake
PoW until block 1576800
45 BNT block reward

RPC Port: 21771
P2P Port: 21772

addnode=45.63.19.129

Yes, ok.

    int64_t nSubsidy = 45 * COIN;
    
    if (pindexBest->nHeight+1 == 1)
    {
      nSubsidy = 9945000 * COIN;
      return nSubsidy + nFees;

Meh.

i think thats for the reserve

Or a slow dump.
"The Bantam Reserve will gradually be exchanged for bitcoins over a period of 12 months"

The Bantam Reserve will gradually be exchanged for bitcoins over a period of 12 months, after which point funds will be used to furnish loans to BNT holders and to preserve market activity for each 24 month period.

Our goal is to disperse up to 50 BTC worth of loans over each 24 month period. Of course after each 24 month period the cap will expand, allowing us to increase the BTC amount that we loan out.

The Bantam Project will only ever furnish up to a maximum of 1BTC per individual, and the rate of interest on loan repayments will vary from person to person. The amount of BNT Collateral pledged to back a BTC loan will effect the overall interest rate


techmanuk
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile WWW
December 23, 2015, 04:05:11 PM
 #16

How do I get a BNTCoin address?

I want to mine and checked SuprNova, but feel like I am missing something...?
samspaces
Legendary
*
Offline Offline

Activity: 1346
Merit: 1000


View Profile
December 23, 2015, 04:17:09 PM
 #17

How do I get a BNTCoin address?

I want to mine and checked SuprNova, but feel like I am missing something...?

You don't need a wallet to mine at Suprnova, you do need an address to transfer coins from the mining pool though. For that, you need the wallet. Or perhaps it will be listed on Yobit by then, in which case it will be cheaper just to buy the coins.
BantamSystems
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
December 23, 2015, 04:42:15 PM
 #18

How do I get a BNTCoin address?

You can download the windows wallet here: https://drive.google.com/file/d/0B6NIxf1QjONiRFN4aFhjTEpsMUE/view

The block explorer is due to be live within a day or two, exchange listing is also imminent, so you can expect there to be a variety of online wallets shortly.
Rago
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
December 23, 2015, 04:59:01 PM
 #19

Hola what will happen if 1000 bnt coins holder unable to repay a 1 btc loan?
Acidx
Sr. Member
****
Offline Offline

Activity: 357
Merit: 250



View Profile
December 23, 2015, 05:03:23 PM
 #20

Seems interesting, may give this a go. Just invested 0.02 into mining this for 24hours on a rent a rig site.

Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!