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Question: How would you rate Bitcoin Savings & Trust?
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Author Topic: Bitcoin Savings and Trust | Home | Closed  (Read 774273 times)
mcorlett
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December 18, 2011, 12:59:59 AM
 #101

I'd like to invest, are there any slots free right now and/or can I be signed up at a waiting list?

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ineededausername
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December 18, 2011, 01:03:34 AM
 #102

I'd like to invest, are there any slots free right now and/or can I be signed up at a waiting list?

140 BTC free according to pirateat40

(BFL)^2 < 0
mcorlett
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December 18, 2011, 01:07:26 AM
 #103

I'd like to invest, are there any slots free right now and/or can I be signed up at a waiting list?

140 BTC free according to pirateat40
Oh, great! How do I get started?

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December 18, 2011, 01:13:08 AM
 #104

PM pirate... Available space is always in the first post.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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December 18, 2011, 01:35:52 AM
 #105

a while back we mentioned that getting principal back is far more important than getting the interest payments... so i should mention that last week i successfully withdrew a large chunk of it (600 btc). cheers.
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December 18, 2011, 01:40:29 AM
 #106

a while back we mentioned that getting principle back is far more important than getting the interest payments... so i should mention that last week i successfully withdrew a large chunk of it (600 btc). cheers.


awesome!  My trust for pirate just went up by 100%.

(BFL)^2 < 0
ineededausername
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December 18, 2011, 01:54:23 AM
 #107

a while back we mentioned that getting principle back is far more important than getting the interest payments... so i should mention that last week i successfully withdrew a large chunk of it (600 btc). cheers.


awesome!  My trust for pirate just went up by 100%.

principle -> principal

dammit i swapped the spelling and swapped and swapped again and finally guessed wrong, and now you've quoted me Smiley should have just looked it up in the first place.

haha... common mistake, don't worry Smiley

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pirateat40
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December 18, 2011, 05:16:55 AM
 #108

a while back we mentioned that getting principal back is far more important than getting the interest payments... so i should mention that last week i successfully withdrew a large chunk of it (600 btc). cheers.


Thanks, your coins are always safe.  I just cant be on 24/7.

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December 18, 2011, 06:17:58 AM
 #109

a while back we mentioned that getting principle back is far more important than getting the interest payments... so i should mention that last week i successfully withdrew a large chunk of it (600 btc). cheers.


awesome!  My trust for pirate just went up by 100%.

principle -> principal

dammit i swapped the spelling and swapped and swapped again and finally guessed wrong, and now you've quoted me Smiley should have just looked it up in the first place.

haha... common mistake, don't worry Smiley

Yeah, it's no big deal. It's just the principle of it.

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December 18, 2011, 06:34:06 AM
 #110

i really hope you can have a real time system showing the available BTC storage plan.
Otherwise, what if two guys see you have 100BTC available space, and then both sent in at approximately the same time?

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
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December 18, 2011, 06:36:57 AM
 #111

i really hope you can have a real time system showing the available BTC storage plan.
Otherwise, what if two guys see you have 100BTC available space, and then both sent in at approximately the same time?

Depending on your account "age" (how long you have been a lender) I would send coins back to the newest account(s) to cover the difference.  This gives my early adopters the advantage while keeping my balances in check. Smiley

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December 18, 2011, 11:59:59 AM
 #112

i really hope you can have a real time system showing the available BTC storage plan.
Otherwise, what if two guys see you have 100BTC available space, and then both sent in at approximately the same time?
So, whenever you have storage space, you just send money there Huh Shouldn't we notify you first?

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December 18, 2011, 01:04:56 PM
 #113

i really hope you can have a real time system showing the available BTC storage plan.
Otherwise, what if two guys see you have 100BTC available space, and then both sent in at approximately the same time?
So, whenever you have storage space, you just send money there :? Shouldn't we notify you first?

Good question.

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December 18, 2011, 02:51:45 PM
 #114

i really hope you can have a real time system showing the available BTC storage plan.
Otherwise, what if two guys see you have 100BTC available space, and then both sent in at approximately the same time?

Depending on your account "age" (how long you have been a lender) I would send coins back to the newest account(s) to cover the difference.  This gives my early adopters the advantage while keeping my balances in check. Smiley

i'm saying this as an 'early adopter' but i think it would be fairer to base it on the age of each individual deposit, not the entire account.

if the first account only opened with 50 btc, and then you later accrued 10,000 btc from everyone else, then that very first account holder could just send 10,000 btc whenever he felt like it and force every single other investor out.

or let's say as an example i decided to deposit back that 600 btc i just withdrew... that would pretty much get rid of the last few newbies with only 50 btc on deposit.

awesome for me, but i'm just saying what i think would be fairer even though i'd be worse off.

oh also, if you switched to base it on the age of deposits, this would neatly discourage early adopters from withdrawing capital, because if they want to ever deposit it again, then that chunk of change would be at the back of the line again.



shh! don't give him ideas Smiley

(BFL)^2 < 0
pirateat40
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December 18, 2011, 04:09:42 PM
 #115

Well, if you didn't know, I'm from the great state of Texas.  A state founded on the motto "Go Big or Go Home".  The big fish always eat the little fish, it's how my great country came to being in massive debt and on the verge of collapse.  So, I'm sorry that my idea might not make much sense, i'll do some thinking and let you know. Smiley

 

Raoul Duke
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December 18, 2011, 04:20:58 PM
 #116

Just got my 1st interest payment a while ago.

Thanks pirateat40!

A couple questions:

1- If I wish to reinvest my interest payments do I need to wait for a slot to open?
2- Are all investments to be made in multiples of 50BTC or given the fact that I deposited way more than 50BTC already, can I deposit smaller ammounts, like for instance the 7,5BTC I got from the interest payment?

pirateat40
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December 18, 2011, 04:24:03 PM
 #117

Just got my 1st interest payment a while ago.

Thanks pirateat40!

A couple questions:

1- If I wish to reinvest my interest payments do I need to wait for a slot to open?
2- Are all investments to be made in multiples of 50BTC or given the fact that I deposited way more than 50BTC already, can I deposit smaller ammounts, like for instance the 7,5BTC I got from the interest payment?

I can set it now to have your payments reinvested (which will be a switch on the site soon).  Once your account is created with the min deposit you can add any amount to the account.  I have everything from daily pool deposits to chunks weekly.

Let me know if you need anything else.

ineededausername
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December 18, 2011, 04:24:28 PM
 #118

pirateat40:

If you make this change, I hope you don't make it too suddenly, and that you put it up to a vote.  
Still, it's your business, so feel free to make the decision that seems best to you.

(BFL)^2 < 0
Raoul Duke
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December 18, 2011, 04:51:40 PM
 #119

Just got my 1st interest payment a while ago.

Thanks pirateat40!

A couple questions:

1- If I wish to reinvest my interest payments do I need to wait for a slot to open?
2- Are all investments to be made in multiples of 50BTC or given the fact that I deposited way more than 50BTC already, can I deposit smaller ammounts, like for instance the 7,5BTC I got from the interest payment?

I can set it now to have your payments reinvested (which will be a switch on the site soon).  Once your account is created with the min deposit you can add any amount to the account.  I have everything from daily pool deposits to chunks weekly.

Let me know if you need anything else.

Yes, switch it to auto-reinvest please.
Can I deposit the payment I got now that you have 0BTC of available space left for the storage plan?

pirateat40
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December 18, 2011, 04:53:39 PM
 #120

Just got my 1st interest payment a while ago.

Thanks pirateat40!

A couple questions:

1- If I wish to reinvest my interest payments do I need to wait for a slot to open?
2- Are all investments to be made in multiples of 50BTC or given the fact that I deposited way more than 50BTC already, can I deposit smaller ammounts, like for instance the 7,5BTC I got from the interest payment?

I can set it now to have your payments reinvested (which will be a switch on the site soon).  Once your account is created with the min deposit you can add any amount to the account.  I have everything from daily pool deposits to chunks weekly.

Let me know if you need anything else.

Yes, switch it to auto-reinvest please.
Can I deposit the payment I got now that you have 0BTC of available space left for the storage plan?

Yes, you are fine.

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