Bitcoin Forum
December 07, 2016, 10:39:28 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: How would you rate Bitcoin Savings & Trust?
5 - Excellent
4 - Very Good
3 - Good
2 - Fair
1 - Poor
No comment just show me the results.

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 ... 71 »
  Print  
Author Topic: Bitcoin Savings and Trust | Home | Closed  (Read 774260 times)
copumpkin
Donator
Sr. Member
*
Offline Offline

Activity: 266


I'm actually a pineapple


View Profile
January 08, 2012, 06:23:03 PM
 #321

Sounds like good collateral Wink

Oh, you have no idea
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481150368
Hero Member
*
Offline Offline

Posts: 1481150368

View Profile Personal Message (Offline)

Ignore
1481150368
Reply with quote  #2

1481150368
Report to moderator
1481150368
Hero Member
*
Offline Offline

Posts: 1481150368

View Profile Personal Message (Offline)

Ignore
1481150368
Reply with quote  #2

1481150368
Report to moderator
1481150368
Hero Member
*
Offline Offline

Posts: 1481150368

View Profile Personal Message (Offline)

Ignore
1481150368
Reply with quote  #2

1481150368
Report to moderator
vuce
Sr. Member
****
Offline Offline

Activity: 476


View Profile
January 08, 2012, 07:14:52 PM
 #322

http://btclending.com/ is down? Can't connect

working again.
Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588


Hero VIP ultra official trusted super staff puppet


View Profile
January 08, 2012, 07:30:56 PM
 #323

Am I the only one here that thinks this entire thing will end badly?

Hey, troll somewhere else. kthnx

Although hard to believe, I'm being serious. I've seen people in bitcoin throw their money away time and time again and it really feels like everyone is so loaded up on hope (and maybe dope) that they're willing to do anything for a chance of making bitcoin pan out for them. Be realistic afterall, if all I need to do is spend some time and a little bit of money passing money back and forth to get some credibility in order to rob people in a community of tens of thousands of dollars, that doesn't shine well on the community's common sense. I assure you though, if it makes sense to do I'm always involved, and that- not to troll-- is the reason I am here.

Am I the only one here that thinks this entire thing will end badly?

I am truly honored the be trolled by the king of all trolls.  I fell like I have gotten to the top somehow.  Thanks

In other news I wake to find that the DC where btclending.com is being hosted is under DDoS attacks.

I am not a happy camper.  Angry

Atlas is gone. So quiet here.  Cry

Have to find new meat to chew on for comedic value.


Am I the only one here that thinks this entire thing will end badly?

There's always a non-zero risk of defaulting in any loan situation. As a compulsive loaner on IRC, pirateat40 was just another borrower to me, and I evaluated him as I do with anyone else and decided it seemed safe enough for me to risk it. His actions since my initial loan to him have reinforced my trust in him, but anyone who assumes you can make big money with no risk is going to get burned eventually.

Personally, I'd be pretty bummed if he disappeared with my money, but I won't have trouble making the rent and will probably keep dealing bitcoins with other people. And on the grand scheme of things, I still think this deal has probably one of the highest reward/risk ratios out there.

So anyway, I think it's a lot more likely to end well than to end badly, but one can never be sure Smiley the only difference between us is that I've dealt with pirateat40 a hell of a lot more than you have. That could either cloud my objectivity or give me more information to form a correct opinion, and I guess time will tell which Tongue

tl;dr: yours is a valid concern, and is definitely one that all lenders should be aware of at all times, but I think the risk is low, and I'm risk-tolerant enough to bet a lot of "real money" on that viewpoint


Makes perfect enough sense and thanks for taking the time to explain. I understand risk perfectly and appreciate it far more than many people I know. But as you mention:

Quote
the only difference between us is that I've dealt with pirateat40 a hell of a lot more than you have. That could either cloud my objectivity or give me more information to form a correct opinion, and I guess time will tell which Tongue

And that response is the one I am looking for. Does everyone here know him? Is everyone just hopping on the trust train because one guy trusts him? That's why I'm asking. To find out.

pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


"Yes I am a pirate, 200 years too late."


View Profile WWW
January 08, 2012, 07:46:54 PM
 #324

Storage Updated

PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
January 08, 2012, 07:53:10 PM
 #325

Thank you Mathew for your perspective.  Yes, this might all end badly and I have considered the risks if this particular investment, hence I have not poured everything I have into it, just some and incrementally (thanks Pirate - taking up some of the updated storage).

I didn't consider your post a "troll" at all, but I do need to check the bitcoin awards to see who got the 2011 prize.
Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588


Hero VIP ultra official trusted super staff puppet


View Profile
January 08, 2012, 07:55:29 PM
 #326

Thank you Mathew for your perspective.  Yes, this might all end badly and I have considered the risks if this particular investment, hence I have not poured everything I have into it, just some and incrementally (thanks Pirate - taking up some of the updated storage).

I didn't consider your post a "troll" at all, but I do need to check the bitcoin awards to see who got the 2011 prize.

I don't think "Worst Troll" made it into the final awards, but I do think "Atlas getting banned" made the best community effort lolz

PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
January 08, 2012, 08:06:05 PM
 #327

Thank you Mathew for your perspective.  Yes, this might all end badly and I have considered the risks if this particular investment, hence I have not poured everything I have into it, just some and incrementally (thanks Pirate - taking up some of the updated storage).

I didn't consider your post a "troll" at all, but I do need to check the bitcoin awards to see who got the 2011 prize.

I don't think "Worst Troll" made it into the final awards, but I do think "Atlas getting banned" made the best community effort lolz

I just checked the results - I see you got #2 spot behind Phinnaeus  Smiley   
grubles
Full Member
***
Offline Offline

Activity: 181


mistaken for gribble since 2011


View Profile
January 08, 2012, 08:10:31 PM
 #328

Pirateat40 is legit. I have full confidence in his ability to manage any coins I may present to him.

BM-NBi5PcH8BBqDVp7WSJe2pNgqEVvTjd6T
copumpkin
Donator
Sr. Member
*
Offline Offline

Activity: 266


I'm actually a pineapple


View Profile
January 08, 2012, 08:46:04 PM
 #329


And that response is the one I am looking for. Does everyone here know him? Is everyone just hopping on the trust train because one guy trusts him? That's why I'm asking. To find out.


I don't know about all his lenders, but a significant number of us know him from the #bitcoin-otc IRC channel, where he's active and friendly and also happens to be a channel operator. I guess the quality of his character doesn't say much about his solvency, but it seems a bit much to ask for someone's financial history here.

What we do know is that he's put a lot of time and effort into bitcoin-related work and has two thriving businesses (the other being the new GPUMAX), so either it would go down as the biggest scam in our history, or he's just heavily invested in bitcoin and the community Smiley I obviously think that it's most likely the latter.
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
January 08, 2012, 08:48:37 PM
 #330

What we do know is that he's put a lot of time and effort into bitcoin-related work and has two thriving businesses (the other being the new GPUMAX), so either it would go down as the biggest scam in our history, or he's just heavily invested in bitcoin and the community Smiley I obviously think that it's most likely the latter.

Playing devil's advocate here, Tom Williams was also heavily invested in Bitcoin, and definitely put a lot of time into Mybitcoin.

(BFL)^2 < 0
pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


"Yes I am a pirate, 200 years too late."


View Profile WWW
January 08, 2012, 08:50:41 PM
 #331

What we do know is that he's put a lot of time and effort into bitcoin-related work and has two thriving businesses (the other being the new GPUMAX), so either it would go down as the biggest scam in our history, or he's just heavily invested in bitcoin and the community Smiley I obviously think that it's most likely the latter.

Playing devil's advocate here, Tom Williams was also heavily invested in Bitcoin, and definitely put a lot of time into Mybitcoin.

I lost half my coins to this scam/hack. Sad

Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1442



View Profile
January 08, 2012, 08:53:53 PM
 #332

What we do know is that he's put a lot of time and effort into bitcoin-related work and has two thriving businesses (the other being the new GPUMAX), so either it would go down as the biggest scam in our history, or he's just heavily invested in bitcoin and the community Smiley I obviously think that it's most likely the latter.

Playing devil's advocate here, Tom Williams was also heavily invested in Bitcoin, and definitely put a lot of time into Mybitcoin.

I lost half my coins to this scam/hack. Sad

Now you are scaring me  Shocked

Well... hope you learnt the lesson on how to take care of your(our) Bitcoins Wink

pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


"Yes I am a pirate, 200 years too late."


View Profile WWW
January 08, 2012, 09:04:52 PM
 #333

All said and done, I have nothing against anyone that questions my trustworthiness. Being in an industry like this even the most trusted can go MIA.  As I have said in the past, it's trust at the core that made me successful in this endeavor and will continue to be the core of my very existence.  Those that know me know I'm always available and spare no expense in making things right.  The great thing about my service is at any point you feel uncomfortable you can withdraw your coins and put them back under your mattress.

Until then I'll continue to manage and secure (personally) the coins I hold for my lenders until the time comes when I can no longer be profitable. When that time comes my storage would have dropped enough that most of my lenders would have had all of their coins returned anyway.

It's good to have these talks every 50 posts or so.  Smiley

On with the show...

pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


"Yes I am a pirate, 200 years too late."


View Profile WWW
January 08, 2012, 09:07:00 PM
 #334

What we do know is that he's put a lot of time and effort into bitcoin-related work and has two thriving businesses (the other being the new GPUMAX), so either it would go down as the biggest scam in our history, or he's just heavily invested in bitcoin and the community Smiley I obviously think that it's most likely the latter.

Playing devil's advocate here, Tom Williams was also heavily invested in Bitcoin, and definitely put a lot of time into Mybitcoin.

I lost half my coins to this scam/hack. Sad

Now you are scaring me  Shocked

Well... hope you learnt the lesson on how to take care of your(our) Bitcoins Wink

When this happened I was still new to bitcoin and didn't trust my wallet on my pc. LULZ  Anyway, lessons were learned and now protecting these bits of data are like breathing for me.

pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


"Yes I am a pirate, 200 years too late."


View Profile WWW
January 08, 2012, 09:10:29 PM
 #335

Hey I just went to your website, how do I create an account?

Thanks!


PM for info

BurtW
Legendary
*
Offline Offline

Activity: 1792

All paid signature campaigns should be banned.


View Profile WWW
January 09, 2012, 08:21:46 PM
 #336

Wow, P@40 is fast (at responding to PM requests).  A+++ customer service.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


"Yes I am a pirate, 200 years too late."


View Profile WWW
January 10, 2012, 07:08:19 PM
 #337

Storage Updated

Hunterbunter
Hero Member
*****
Offline Offline

Activity: 980


View Profile
January 11, 2012, 02:46:45 PM
 #338

lol damn that filled fast
BurtW
Legendary
*
Offline Offline

Activity: 1792

All paid signature campaigns should be banned.


View Profile WWW
January 11, 2012, 03:02:59 PM
 #339

I totally missed it.  How long did it take to fill?

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
vuce
Sr. Member
****
Offline Offline

Activity: 476


View Profile
January 11, 2012, 03:07:08 PM
 #340

I totally missed it.  How long did it take to fill?
10 minutes, as far as I can remember Smiley
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 ... 71 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!