[CLOSED] CoinLenders

[thisisgil]

My maths may be wrong here, but I have a question about interest.

I dropped 2 bitcoins in there. On the "Earn Interest" page, it says the daily rate is 0.067%.

I noticed that I have received interest to take my balance up to 2.00080973.

However, if the interest rate is 0.067%, I'd expect that balance to be 2.00134000.

Is this a bug, or horrible maths on my part?

[stenkross]

My maths may be wrong here, but I have a question about interest.

I dropped 2 bitcoins in there. On the "Earn Interest" page, it says the daily rate is 0.067%.

I noticed that I have received interest to take my balance up to 2.00080973.

However, if the interest rate is 0.067%, I'd expect that balance to be 2.00134000.

Is this a bug, or horrible maths on my part?

Was it the first day?
If so you only get a part of 0.067%, since you did not deposit your money full 24 hours.

// Stenkross

[thisisgil]

Was it the first day?
If so you only get a part of 0.067%, since you did not deposit your money full 24 hours.

// Stenkross

Ahha! That makes sense. My bad!

[🏰 TradeFortress 🏰]

Yeah, interest is calculated precisely to how long your coins where deposited. This is to avoid people depositing all their coins 1 min before interest is paid, and taking it out after they get interest

[takagari]

Does removing a coin/ part of one mid day effect the interest on the rest, or is it very precise? if I remove a coin 8 hours into the day do I still get 8 hours of interest on that coin and the full interest on the others?

Thank you again

[btharper]

Does removing a coin/ part of one mid day effect the interest on the rest, or is it very precise? if I remove a coin 8 hours into the day do I still get 8 hours of interest on that coin and the full interest on the others?

Thank you again

I was curious about this, because if this is the case then there's money left over in the account, if not you're shorted some relatively minor amount of money. I imagine if you only withdraw part of the total coin from an account it would be less significant.

As for locked addresses, is it locked for 14 days then unlocked, or does attempting to change the lock address start the 14d counter, or does the counter start when you try to withdrawal to a different address?  I just haven't seen any "unlock" button.

[superbit]

Can you please update your google authenticator code to show the key as well as the QR code?  The blackberry version doesn't allow you to scan a QR code only type it in.

Thanks,

[🏰 TradeFortress 🏰]

Does removing a coin/ part of one mid day effect the interest on the rest, or is it very precise? if I remove a coin 8 hours into the day do I still get 8 hours of interest on that coin and the full interest on the others?

Thank you again

You won't earn the interest on the coins that was removed / withdrawn, but interest is calculated daily so it's a fairly negligible amount.

As for locked addresses, is it locked for 14 days then unlocked, or does attempting to change the lock address start the 14d counter, or does the counter start when you try to withdrawal to a different address?  I just haven't seen any "unlock" button.

14 days before it is unlocked. After it is unlocked, you can withdraw to any address, and you can lock it again.

It's in Settings

Can you please update your google authenticator code to show the key as well as the QR code?  The blackberry version doesn't allow you to scan a QR code only type it in.

Thanks,

Done!

[kokojie]

TradeFortress I'm sorry if this has been asked before, but did you post your verified real world identity somewhere? I think for a service like this, we would need to know.

[🏰 TradeFortress 🏰]

TradeFortress I'm sorry if this has been asked before, but did you post your verified real world identity somewhere? I think for a service like this, we would need to know.

No. If I default, it wouldn't help you much anyways - the identity of pirateat40, ianbakewell, etc are known, but that hasn't achieved much. There's also similar assets like Deprived's fund that people don't seen to be wanting identity from.

I understand that this might turn people away from depositing their coins, but if you don't feel comfortable depositing you're free to not to

[btharper]

As for locked addresses, is it locked for 14 days then unlocked, or does attempting to change the lock address start the 14d counter, or does the counter start when you try to withdrawal to a different address?  I just haven't seen any "unlock" button.

14 days before it is unlocked. After it is unlocked, you can withdraw to any address, and you can lock it again.

It's in Settings

Found the function to lock things, but didn't see the unlock link until visiting the page again. Which is how I had expected it to be setup. Thanks

[zrgf]

Cool service. I'd like to try it out. Two comments, though, and I know you've addressed them to varying degrees in this thread, but I figured I'd add my two bitcents:

1. HTTPS is critical. Client-side password hashing is all well and good, but the universal standard is HTTPS because it is the only real guarantee against man in the middle attacks.

2. You ask your users to provide their legal names. Perhaps you should offer the same back ;-)

[bitbook.biz]

Hey Trade. This looks very cool. Can you share any information on your volume or your biggest loans? Thanks!

[chadqberry]

I would love to see a list like that as well as hear from others here how much they would feel comfortable leaving there.

[Inedible]

Didn't see a reply to this but are you running this all by yourself? (Only curious if you're unavailable for a day or two or you're ill etc.)

[🏰 TradeFortress 🏰]

Didn't see a reply to this but are you running this all by yourself? (Only curious if you're unavailable for a day or two or you're ill etc.)

Yeah, also I've being talking to some of my friends about a dead man's switch but they're not really bitcoin savvy.

You can also transfer your coins to coinchat!

[AndyRossy]

Didn't see a reply to this but are you running this all by yourself? (Only curious if you're unavailable for a day or two or you're ill etc.)

Yeah, also I've being talking to some of my friends about a dead man's switch but they're not really bitcoin savvy.

You can also transfer your coins to coinchat!

coinlenders.com is down?

[Birdy]

Edit: Ok I take that back, site seems to be down. Cannot get past the login.

[bitcoinmike]

I can't get in either.

[BigBitz]

I can login, but, the /account screen is blank.

Any sign of TF?