[CLOSED] CoinLenders

[zRISC]

only make sure to take the CD between 0:00  and 1:00  UTC, so you don't lose a bit of the proportional daily interest  (unless TradeFortress has changed that).

And having above 1 BTC sitting in there, is good.

Even if in long term is easier take only CDs, and renew them as soon as possible to earn as much possible compound interest as possible... having a BTC or 2 sitting in there, earning daily mili-bitcoins, is really nice as well 

[dandannn]

So you have opened and withdrawn from cd's with no issue?

I am always hearing about how you must keep your coins stored offline and backed up etc for safety. How safe is it to leave your money with coinlenders?

[baloo_kiev]

So you have opened and withdrawn from cd's with no issue?

I am always hearing about how you must keep your coins stored offline and backed up etc for safety. How safe is it to leave your money with coinlenders?

It is less safe than offline, but it generates profit. Profit always means risk!

An essential solution is keeping part of your coins offline and part in different investments, so you never lose all your coins.

[The 4ner]

So you have opened and withdrawn from cd's with no issue?

I am always hearing about how you must keep your coins stored offline and backed up etc for safety. How safe is it to leave your money with coinlenders?

It is less safe than offline, but it generates profit. Profit always means risk!

An essential solution is keeping part of your coins offline and part in different investments, so you never lose all your coins.

+1

[dandannn]

Noted. Thanks guys

[🏰 TradeFortress 🏰]

Profit always means risk!

An essential solution is keeping part of your coins offline and part in different investments, so you never lose all your coins.

Yeah. Investing in bitcoins is not different from investing anywhere else. There are always risks, and currently CoinLenders has more fully secured loans lent out (BTC wise) than unsecured ones. It just comes done to trust - if I will run away with your coins or not, and why would I do that and ruin everything I've built in the bitcoin world when I'm making a nice spread?

Especially since I won't really get much if I choose to run, borrowers can simply not repay their loans.

[zRISC]

definitely.

And honestly... Banks in the real world are far more cheapskates when coming to interest on account balance.
if you find one that gives you 25% yearly on savings.... and accepts deposits from around the world, from normal persons, and not from tax-paradise based companies, please give the contact 

for the time being, coinlenders is the best choice in my opinion, for keeping a large part

and keeping btc offline... well, is kind of hiding them under the mattress  xD! (though I recognize that having a bit available in a machine/hdd that would be seldomly used... like some sort of a physical safe... unless the drive sounds TAC,TAC TAC!, is pretty safe as a storage 

[blo8i]

do you need verification  loan out BTC?

or is it just thoes who want to loan?

[matt4054]

do you need verification  loan out BTC?

or is it just thoes who want to loan?

If you mean verification for deposits, no, you don't need verification, but I guess TradeFortress *might* have some questions if you deposit, for example, 35000 BTC, and that the inputs of these coins have been dormant since, let's say, September 2012...

I love the Free Bitcoin World. May it stay so as long as possible

[starsoccer9]

I had a CD that was supposed to expire on june 6th. its june 7th and I still cant do anything with the balance

[🏰 TradeFortress 🏰]

Done. Without manual intervention, you would have got it 12 hours later, which is unfair. So two interest payments in one day

[slider1978]

I just did about 50 captchas, some of which I know I did right and still can't get logged on. Is there any possible way to not have to do those stupid things?

[🏰 TradeFortress 🏰]

Sorry but the point of the CAPTCHA is to prevent people from brute forcing or guessing a lot of passwords. It works fine here. I am guessing recaptcha is serving you very challenging captchas where they know both solutions to (they do that if you fail a lot of captchas, and it's like catch 22)..

[matt4054]

Sorry but the point of the CAPTCHA is to prevent people from brute forcing or guessing a lot of passwords. It works fine here. I am guessing recaptcha is serving you very challenging captchas where they know both solutions to (they do that if you fail a lot of captchas, and it's like catch 22)..

reCAPTCHAs work fine, but I always found them to be a pain to read: it is probably the most targeted captcha system by spammers/attackers, so they have to fight OCRing with heavy gear. As a result, they are IMO *barely* decipherable by human eye, at least 50% of the time. It adds about 5-6 seconds to the login process everytime. We can all live with it, but what about something like this:

Code:

/* PSEUDO-CODE */

function login_mask () {
  if (has_failed_attempts(user_ip_addr) || is_tor_address(user_ip_addr)) {
    return mask_with_captcha;
  } else {
    return mask_without_captcha;
  }
}

function login (credentials) {
  if check_credentials(credentials) {
    // (...)
  } else {
    set_failed_attempt(user_ip_addr);
    // (...)
  }
}

// Called once every hour or less often if you want
clear_failed_attempts();
(...)

This is of course a security trade-off, especially if the attacker has a whole botnet under his control, but let n be the number of network nodes under attacker's control, they will "only" be able to try n user/pass combos without going through the captchas. It can be further mitigated by tracking the number of failed attempts from *all IPs* in a certain amount of time (let's say 60 sec), and if there are unusually high failed count within delta-t, switch to always-captcha mode.

Notice the Tor protection that would require a captcha everytime, this could be implemented using a DNS-based check for Tor IP addresses, for example.

Just my daily satoshis... (and I hate it too when someone comes with obvious ideas that are just tricky to implement )

[The 4ner]

I'm thinking about depositing some BTC into there wallets and possibly a CD. Has anyone used coinlenders to store btc and gain intrest, any problems?

 I bought a CD that expires in November so I can't tell you about successful withdrawal until then, but I have deposited and withdrawn successfully from the general coin lenders deposit account.

[BigBitz]

I would like to loan 3 BTC, willing to pay back 5 BTC within 2-3 weeks. I am not too sure what to offer as a collateral, please give me suggestions. I am going to buy a casascius 25 btc coin, and my current balance is 23btc ish. 3 more means that I can buy it, then I will redeem it and pay you back 5 btc.

Thanks

Erm. You want to buy a 25BTC Physical Coin for 26BTC and when you receive it you want to redeem it?!

[wachtwoord]

I would like to loan 3 BTC, willing to pay back 5 BTC within 2-3 weeks. I am not too sure what to offer as a collateral, please give me suggestions. I am going to buy a casascius 25 btc coin, and my current balance is 23btc ish. 3 more means that I can buy it, then I will redeem it and pay you back 5 btc.

Thanks

Erm. You want to buy a 25BTC Physical Coin for 26BTC and when you receive it you want to redeem it?!

Maybe the metal is worth 1 BTC? 

[001sonkit]

Sorry but the point of the CAPTCHA is to prevent people from brute forcing or guessing a lot of passwords. It works fine here. I am guessing recaptcha is serving you very challenging captchas where they know both solutions to (they do that if you fail a lot of captchas, and it's like catch 22)..

reCAPTCHAs work fine, but I always found them to be a pain to read: it is probably the most targeted captcha system by spammers/attackers, so they have to fight OCRing with heavy gear. As a result, they are IMO *barely* decipherable by human eye, at least 50% of the time. It adds about 5-6 seconds to the login process everytime. We can all live with it, but what about something like this:

Thats why i always type captcha first to wait for a new code of 2FA. \

BTW, Coinlenders is by far the easiest and best way to keep my hands from gambling. As he is trustworthy enough by far and it is like paper wallet for me to have the same function, only it gives me MOAR BTC. Keep up the good work bro (still curious to who you are lending now)

[wolverine.ks]

BTW, Coinlenders is by far the easiest and best way to keep my hands from gambling.

agreed. I can't tell you how much I've lost because I had access to my own money...

[001sonkit]

Also, the CDs are a good way to lock up your lust