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Author Topic: [ANN] Earn interest on your bitcoins! CoinLenders pays out interest on deposits.  (Read 32861 times)
starsoccer9
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April 19, 2013, 06:08:21 PM
 #21

okay I didnt mean to stir up trouble I will contact you privitely
🏰 TradeFortress 🏰 (OP)
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April 20, 2013, 04:11:16 PM
 #22

Update:

New security feature implemented - your password is now also hashed on the client side via JavaScript before it is sent over HTTP. Some guy with WireShack won't be able to sniff the plaintext Smiley

Quite late here, I will expand it later to use time specific salts to thwart replay attacks, but now this should do.
kslaughter
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April 20, 2013, 04:18:41 PM
 #23

CoinLenders currently pays 0.51% / week compound interest (paid daily, prorated) - that's more than 30% APR on personally insured deposits. Although in case of a massive default I will make every attempt to pay everyone back including from my personal assets, it is not a FDIC insured bank and don't put more coins than you're willing to lose there.

Your coins would be used for funding low risk loans (aka not the typical btcjam crap), and other bitcoin denominated investments.

For more info, see this page!

This is just another Pirateat40 scam.  What business experience does he have?
001sonkit
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April 20, 2013, 04:19:50 PM
 #24

[facepalm]

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kslaughter
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April 20, 2013, 04:23:21 PM
 #25

CoinLenders currently pays 0.51% / week compound interest (paid daily, prorated) - that's more than 30% APR on personally insured deposits. Although in case of a massive default I will make every attempt to pay everyone back including from my personal assets, it is not a FDIC insured bank and don't put more coins than you're willing to lose there.

Your coins would be used for funding low risk loans (aka not the typical btcjam crap), and other bitcoin denominated investments.

For more info, see this page!

This is just another Pirateat40 scam!
001sonkit
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April 20, 2013, 04:25:24 PM
 #26

[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]

Proof it.

From the following reason, your view must not stand.

1: it loans out, acting as competetor of BTCJAM
2: interest are subject to change to balance business
3: you can withdrawl any time

[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]

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btharper
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April 22, 2013, 05:08:34 PM
 #27

[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]

Proof it.

From the following reason, your view must not stand.

1: it loans out, acting as competetor of BTCJAM
2: interest are subject to change to balance business
3: you can withdrawl any time

[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
To be fair, pirate allowed withdrawal at any time until the end, however the interest promised is reasonable, subject to what can actually be provided, reasonable explanation for requesting loans, and there's a business backing it. Pirate was offering daily what is offered every two weeks here.
lampshad3
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April 25, 2013, 01:00:14 AM
 #28

Update, just made my first withdrawal, everything went good, this site seems to be working well, earning me a little extra BTC everyday!

Thanks admin!
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April 25, 2013, 03:10:42 AM
 #29

[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]

Proof it.

From the following reason, your view must not stand.

1: it loans out, acting as competetor of BTCJAM
2: interest are subject to change to balance business
3: you can withdrawl any time

[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
[facepalm][facepalm][facepalm][facepalm][facepalm][facepalm]
To be fair, pirate allowed withdrawal at any time until the end, however the interest promised is reasonable, subject to what can actually be provided, reasonable explanation for requesting loans, and there's a business backing it. Pirate was offering daily what is offered every two weeks here.
A ponzi is a site that uses new deposits to fund withdrawals and interest. CoinLenders on the other hand lends out and invests the coins, which is where the interest comes from. Check out the "how to spot a ponzi" thread and see if this looks like a ponzi.
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April 25, 2013, 03:11:55 AM
 #30

For those who don't know, kslaughter is a bit pissed off at me for revealing their scam asset (now delisted on BitFunder) called AMC.
001sonkit
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April 25, 2013, 05:00:54 AM
 #31

For those who don't know, kslaughter is a bit pissed off at me for revealing their scam asset (now delisted on BitFunder) called AMC.

ohhhhhhh.... Grin

Thanks for the coinchat... would really like to have "transfer coins" to coinlenders.com

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Maged
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April 25, 2013, 05:19:33 AM
 #32

Update:

New security feature implemented - your password is now also hashed on the client side via JavaScript before it is sent over HTTP. Some guy with WireShack won't be able to sniff the plaintext Smiley

Quite late here, I will expand it later to use time specific salts to thwart replay attacks, but now this should do.
HTTPS exists for a reason. I suggest using it.

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April 25, 2013, 05:54:54 AM
 #33

Yeah, but the address lock + 2FA feature means an attacker can't steal your coins. Smiley
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April 26, 2013, 03:13:43 AM
 #34

For those who think this is BTCS&T:

https://bitcointalk.org/index.php?topic=184138.msg1940057#msg1940057
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April 28, 2013, 05:32:28 AM
 #35

Using my daily bump, thanks!
btharper
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April 28, 2013, 06:43:38 PM
 #36

For those who don't know, kslaughter is a bit pissed off at me for revealing their scam asset (now delisted on BitFunder) called AMC.
If he looked sane or it had any substance to it I might be worried. But it's just a business with moderate/high capital needs willing to share the reward with fairly minimal risk to investors. No complaints here
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May 07, 2013, 04:06:27 AM
 #37

Bumpy.
stenkross
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May 07, 2013, 08:35:00 AM
 #38

I really love the compound interest, seeing it increase a liiiitle bit every single day.
+1

I do still would like to see some kind of report of what's going on.
How many loans do you have, have you had any defaults yet? etc.
I know you've said you will create one, but I just want to remind you Smiley
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May 07, 2013, 12:02:18 PM
 #39

Update: Check out CDs Smiley

https://bitcointalk.org/index.php?topic=159359.msg2059134#msg2059134
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May 28, 2013, 10:20:03 AM
 #40

New feature: SSL.
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