OT posts in Looking for people to store some of the forum's money

[sublime5447]

This post has been a bizarre post to me. I know I am the new kid, but it freaks me out to see you just taking the forums money and passing it out to your friends. I know you are highly respected but still a problem if you ask me(which I know no one is). The other things that seem to be major problems is talk of not requiring a 100% reserve requirement!? People saying that they would take a holding fee. wtf? I had recommended to the guy who gave out all of my information start a service verifying people who wanted the community to know who they are. I would recommend that anyone who holds community funds should go through a verification process. Name, Address, Line of Work, criminal record,online stores, business, maybe next of kin? basically release all of you information. I have done that to show I am who i say I am and if i f@#$ you over you know where to come to get your money.      

[1713287400]

1713287400

[gweedo]

This post has been a bizarre post to me. I know I am the new kid, but it freaks me out to see you just taking the forums money and passing it out to your friends. I know you are highly respected but still a problem if you ask me(which I know no one is). The other things that seem to be major problems is talk of not requiring a 100% reserve requirement!? People saying that they would take a holding fee. wtf? I had recommended to the guy who gave out all of my information start a service verifying people who wanted the community to know who they are. I would recommend that anyone who holds community funds should go through a verification process. Name, Address, Line of Work, criminal record,online stores, business, maybe next of kin? basically release all of you information. I have done that to show I am who i say I am and if i f@#$ you over you know where to come to get your money.     

But no one wants to come get money, it cost more money to get the money back. And he isn't giving it to his friends if he is being completely transparent about it.

[sublime5447]

You are right no one wants to go get the money, but the threat that you can keeps most people honest. If 500 coins where stolen from me i would go after the guy who took them.   

[greyhawk]

I have done that to show I am who i say I am and if i f@#$ you over you know where to come to get your money.      

No you didn't. You had it done to you involuntary on suspicion of being a scammer and you threw a hissy fit about it.

[gweedo]

Wrong buddy I gave all of my information up, you just though I was a Liar you were wrong. Everything I said was and is true. I told the investigation guy that I would have paid him to tell the community that i was legit, just so i didnt have to go through all of the games you guys play.

Dude your throwing a fit right now since theymos didn't pick you, just own it and move on, there are better able people to handle funds for the forum.

[DeathAndTaxes]

[sublime5447]

I dont want to be picked you would have to be stupid to want to hold that money, unless you are going to use it for something? Just making suggestions about how to store the money in a safe and transparent manor.

[sublime5447]

It is okay people seem to love or hate me I am used to it.

[sublime5447]

I think I might have a good suggestion on what to do with the forums funds. Why not set up a program where there is a communal pool of coins that members can borrow coins from with limits of course. Say you take the funds and do micro loans with a small interest rate available to all members of the community in good standing. Then have the limits raised for members with good credit. I say allow people to borrow the amount that they have contributed to the fund ,but let everyone in at a certain level. For example if you borrowed 10 and paid back 11 (or the equivalent in usd) then your limit would be raised to 11. The forums money can work for everyone. Before you trash my suggestion or say it is not possible ask yourself how it would be possible. Suggestions are welcome

[MPOE-PR]

Does MPEx have a thousand active users each pulling hundreds of db queries and executing php commands on the site at the same time?

Actually, yes. What now, smartass?

[sublime5447]

I think I might have a good suggestion on what to do with the forums funds. Why not set up a program where there is a communal pool of coins that members can borrow coins from with limits of course. Say you take the funds and do micro loans with a small interest rate available to all members of the community in good standing. Then have the limits raised for members with good credit. I say allow people to borrow the amount that they have contributed to the fund ,but let everyone in at a certain level. For example if you borrowed 10 and paid back 11 (or the equivalent in usd) then your limit would be raised to 11. The forums money can work for everyone. Before you trash my suggestion or say it is not possible ask yourself how it would be possible. Suggestions are welcome

No one like this? You are all talking about how much fees you will take ( this is donated right?) This would be the most decentralized solution and the fund would grow not shrink. If you are worried about trust this is the best way to hedge against lost and theft. With no risk. If you only lend what has been paid in if someone walks they can only take what they put in.

[DeathAndTaxes]

Sublime please be quiet the adults are speaking.  Nobody supports loaning the forums assets to a bunch of microloan scammers. 

I swear scammers are so obvious to spot.  As soon as they even smell coins nearby their eyes light up with Bitcoin symbols as they think of all kinds of idiotic schemes to separate people from their coins. 

[sublime5447]

Really, I am the one looking scammy. I dont want the coins, others have been drooling over the idea. I dont care. Why wouldnt he want to lend the coins out to the people who donated the coin in the first place. Why wouldnt he want to make money off the fund not lose it to you crooks. Trying to charge fees to hold the peoples donated money and i am the crook.

[sublime5447]

Give the money back to the donors at 1% they can sell the coins at 4% and make money it would give the forum liquidity and a easy source of fiat to spend on the site. Loans could be called back in at anytime if unexpected expenses arise. It would be completely decentralized and the members who donated could pledge the coins to be owned by the forum. The donaters could make money off the coins they hold for the forum and the forum could grow the pool of coins and cash. If the people who donated the coins get them back they are just holding coins that were theirs to begin with. If they pledge the coins to the forum and then wont return them as funds are needed then they could be blocked from the forum. This is a good idea just needs some refinement. I want to know what the big guy thinks? theymos what do you think?     

[Third Way]

Someone said free coins? i could use them.

[sublime5447]

I think that is why so many people perked up on this one. Someone is passing out coins holy shit. I really have zero interest in holding the forums coins and I would question the motives of anyone who would. I think letting the people hold their own contributions is the way to go even if you dont loan the coins out. I was just thinking of ways to put coins in peoples hand that was low risk and easy and would be good for everyone.