CoinLenders Script :: Bitcoin Bank (Borrow+Deposit) Software :: Demo Available

[🏰 TradeFortress 🏰]

Try the fully functional demo instance.

Features for borrowers

Apply for a bitcoin loan and set your own interest rate (we choose to fund it or not)

Set your own payment plan and schedule. Pay less interest if you repay early.

Secure credit rating / OTC linking process, all documents are encrypted

Features for depositors

Have at least 1 BTC in your account and earn compound fee rebates every day. Up to 25.75% AFR!

Uses Inputs.io for deposits and withdrawals

2FA (Google Authenticator) withdraw address locking to keep your coins safe.

Try a demo copy:
https://coinlenders.com/

This is a fully functional demo copy populated with real world data. It has been populated with real world data. Try it out!

Purchase the script:
Learn more about purchasing the CoinLenders script

This post was made in the Lending section as it is a lending related script. This post should not be seen as promotion of the demo instance as an investment vehicle. The demo instance is for testing and evaluation purposes only. It is not an investment, and anything you do on the site is entirely virtual.

Previous thread: https://bitcointalk.org/index.php?topic=159359.0

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[001sonkit]

Demo is a version that shows how the site would work, the functionality is exactly the same as the old coinlenders, or the version that you will be receiving if you consider to purchase a copy. It is solely for for evaluation purpose, not invest.

Hope this would clear the FUDs

Due to growing regulatory attention on Bitcoin, CoinLenders regrettably has decided to close it's service. As detailed on the site, everything was fictional.

We're now selling the CoinLenders script and we have a fully functional demo instance available here. It has been filled with real world data, take a look!

* Website Changes
IANAL but the wordings would probably not hold up in court making it a moot point.

Please see SEC v. SG, Ltd., 265 F.3d 42, particularly about how SEC did not challenge the virtual securities but only the specially noted "privileged company" which was noted as a security.

This is pretty standard in the BTC investments world.
btct.co

Welcome to btct.co, the BTC Virtual Stock Exchange*
 * This is a virtual stock exchange using virtual currency. Virtual goods utilized on this site are for entertainment and educational purposes only.

BitFunder

   We (BitFunder) do not accept responsibility for anything.
    WARNING: Use at your own risk.
    You must agree to 1 and 2.

Cryptostocks

No Offer: The information contained in the Platform is just for informational purposes. No information published on Platform website constitutes a solicitation, an offer, or a recommendation to buy or sell into a funding opportunity, to effect any transactions, or to conclude any legal act of any kind whatsoever.

Thats a Big Update. Now i know what your '..' is for. This is really fictional!
59BTC is really a good deal that I cant even afford (but you can get a loan to buy that from CoinLenders' Demo Site!)

BTW: TF perhaps you can do the preparation for the next update with CoinFarm

[cyclops]

So what happens with the old investors, no more fee rebates? I imagine I can withdraw the coins I have in your site right?

[001sonkit]

So what happens with the old investors, no more fee rebates? I imagine I can withdraw the coins I have in your site right?

As he says previously, this is a fictional site. Others shall be determined by your own diligence

[🏰 TradeFortress 🏰]

So what happens with the old investors, no more fee rebates? I imagine I can withdraw the coins I have in your site right?

The old site has shut down however the demo instance has been prefilled with real world data. The demo site functions exactly the same way as the "old site".

It is only a demo, and should not be seen as an investment.

[cyclops]

So I lost my money

EDIT: Wait so this "Demo" works as the old one but to the eyes of everyone is a demo non financial site right?

[Caesium]

Very clever TradeFortress

[Caesium]

So I lost my money?

No, nothing has changed. I have my doubts as to whether the legal position has changed either, but I'm sure TF has received good legal advice on the matter, so what do I know.

[001sonkit]

So I lost my money?

Demo site is a demo, it is a version that runs the script thjat you are going to buy so what works in the bought script will work in the demo script. I do the best concise word to have anyone got doubts cleared

[marcovaldo]

I am confused with the stuff... What happened.
You are trying to sell the website for 59btc?


Why do you say that it is fictionnal? I can access the website from my computer, for real.

[Dougie]

It is only a demo, and should not be seen as an investment.

I hope that the demo is fully functioning. We shall see at 1am.

[🏰 TradeFortress 🏰]

It is only a demo, and should not be seen as an investment.

I hope that the demo is fully functioning. We shall see at 1am.

It is.

[Injust]

Damn, I was just so worried that I would lose my coins And I withdrew them all immediately to my inputs.io
So am I correct in stating that CL will essentially continue to function, but it is now considered a "demo"? So nothing else will change?

[Caesium]

TF, why not just comply with all relevant laws and legislations, instead of jumping through hoops that won't make any difference? Too much like hard work?

At the end of the day, you're still taking deposits from the public which makes you a bank, however you want to word it makes no difference.

In my country (UK), this would subject you to the might of the FSA (good documentary on Channel 4 last year about this, 'Bank of Dave', an individual setup his own bank and had to become FSA approved just like every other big bank).

[🏰 TradeFortress 🏰]

TF, why not just comply with all relevant laws and legislations, instead of jumping through hoops that won't make any difference? Too much like hard work?

Each country (and state) has it's own regulations and legislations. The cost to be licensed worldwide is simply too prohibitive, it's not about "hard work" but rather "impossible for any Bitcoin business existing today". It's precisely what the regulation was designed for - to limit possible competition.

however you want to word it makes no difference.

If "however you want to word it makes no difference" we would not have contracts, terms of conditions, etc.

[GOB]

however you want to word it makes no difference.

If "however you want to word it makes no difference" we would not have contracts, terms of conditions, etc.

I think what he means is for this type of "crime" they look past word games, not that no contracts or legal language are ever valid. For example, if someone were to buy a person, and I say "oh, it's not 'slavery', it's just a lifelong work contract", it won't fly, regardless of the words used.

[001sonkit]

however you want to word it makes no difference.

If "however you want to word it makes no difference" we would not have contracts, terms of conditions, etc.

I think what he means is for this type of "crime" they look past word games, not that no contracts or legal language are ever valid. For example, if someone were to buy a person, and I say "oh, it's not 'slavery', it's just a lifelong work contract", it won't fly, regardless of the words used.

It is better to get a shirt than get naked and off to the war zone, mate. In TF's case, there are grounds for arguement just incase any lawyers are getting bored and finding someone else to sue.

Futhermore, it is the standard for the Bitcoin Community to have disclaimer on their service and it's so far so good. In the worst case, if you were to fall, someone will be willing to give a helping hand as we all are on the same boat thus Bitcoin community have more power to defend ourselves back. And TF is the one who would like to follow the trend to get the service working safe and sound.

[🏰 TradeFortress 🏰]

however you want to word it makes no difference.

If "however you want to word it makes no difference" we would not have contracts, terms of conditions, etc.

I think what he means is for this type of "crime" they look past word games, not that no contracts or legal language are ever valid. For example, if someone were to buy a person, and I say "oh, it's not 'slavery', it's just a lifelong work contract", it won't fly, regardless of the words used.

That's not going to fly because the crime isn't about wording, the crime is about the action. Whereas an investment contract is about how something is worded and presented - there's already a precedent for this. Check my response in the other thread

[Caesium]

Futhermore, it is the standard for the Bitcoin Community to have disclaimer on their service and it's so far so good.

Nobody's saying there shouldn't be a disclaimer, but CL's are starting to border on absurd.

In the worst case, if you were to fall, someone will be willing to give a helping hand as we all are on the same boat thus Bitcoin community have more power to defend ourselves back.

If you say so. Let me be the first to say that if CL were to run into trouble most depositors would have their coins out as quick as their browser would let them, and they'd move it somewhere else with the next best returns, leaving TF to fight his own battles. Sorry.

[001sonkit]

If you say so. Let me be the first to say that if CL were to run into trouble most depositors would have their coins out as quick as their browser would let them, and they'd move it somewhere else with the next best returns, leaving TF to fight his own battles. Sorry.

Meanwhile most sites use similar disclaiminars. Unless they have time to travel all 48 states and get the license. Else other just wont survive as they all are on the same boat. And well you have option to switch to CoinSetter, they are trying to get to the regulatory way. But they are far from launching