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Author Topic: Bitcoin Savings and Trust | Home | Closed  (Read 802031 times)
payb.tc
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March 07, 2012, 09:34:49 PM
 #621

Insanely good things never stay insanely good, but they can remain very good Smiley

4+ months was a pretty good run though, right? Cheesy
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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ShadowAlexey
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March 07, 2012, 09:40:41 PM
 #622

What will happen if your system gets compromised and funds will be solen?
pirateat40 (OP)
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March 07, 2012, 09:41:59 PM
 #623

Could some one give me a referral?

Please don't ask for referrals in the thread.  Thanks,

chungenhung
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March 07, 2012, 10:17:54 PM
 #624

What will happen if your system gets compromised and funds will be solen?

I am sure pirate would be smart enough to have multiple wallets, tripple password encryption, storing wallet offline, backups, etc etc
ShadowAlexey
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March 07, 2012, 10:32:41 PM
 #625

What will happen if your system gets compromised and funds will be solen?

I am sure pirate would be smart enough to have multiple wallets, tripple password encryption, storing wallet offline, backups, etc etc
I`m talking about current funds stolen,not all of them, who will take responsibility,users\owner of system?
bitlane
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March 07, 2012, 10:58:05 PM
 #626

What will happen if your system gets compromised and funds will be solen?

I am sure pirate would be smart enough to have multiple wallets, tripple password encryption, storing wallet offline, backups, etc etc
I`m talking about current funds stolen,not all of them, who will take responsibility,users\owner of system?

Judging by your 13 post history, you clearly have no idea just how much of our BTC that Pirate currently 'manages' not to mention, no one else posting any concern in the last 3 months...lol

Welcome to Bitcointalk.org

FredericBastiat
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March 07, 2012, 11:10:39 PM
 #627

Pirate,

You say your demand is low, thus not zero. Does that mean you're accepting or are open for business? Can current accounts members make deposits now either on the old or new program terms?

http://payb.tc/evo or
1F7venVKJa5CLw6qehjARkXBS55DU5YT59
fred0
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March 07, 2012, 11:17:12 PM
 #628

What will happen if your system gets compromised and funds will be solen?
I am sure pirate would be smart enough to have multiple wallets, tripple password encryption, storing wallet offline, backups, etc etc
I thought he used insta-wallet?  Smiley
bitlane
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March 07, 2012, 11:18:53 PM
 #629

What will happen if your system gets compromised and funds will be solen?
I am sure pirate would be smart enough to have multiple wallets, tripple password encryption, storing wallet offline, backups, etc etc
I thought he used insta-wallet?  Smiley

No. Pirate seems like a Linode VPS kinda guy Wink

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March 07, 2012, 11:23:26 PM
 #630

What will happen if your system gets compromised and funds will be solen?

I am sure pirate would be smart enough to have multiple wallets, tripple password encryption, storing wallet offline, backups, etc etc
I`m talking about current funds stolen,not all of them, who will take responsibility,users\owner of system?

Judging by your 13 post history, you clearly have no idea just how much of our BTC that Pirate currently 'manages' not to mention, no one else posting any concern in the last 3 months...lol

Welcome to Bitcointalk.org
I`ve been here since june, just wasn`t interested in such things, but after almost all my farm was returned to the stock and i`ve manage to "lost" half of what i mined, i`m searching other ways of increasing my btc amount.
Well the bigger is the business the bigger is the risk and more it attracts scammers\hackers, so i dont find anything weird in asking such things before something will happen.
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March 07, 2012, 11:29:49 PM
 #631

But... but... he's a Pirate! Aren't you afraid to walk the plank? How dare you, asking about a Pirate's honesty? Roll Eyes
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March 07, 2012, 11:33:21 PM
 #632

There were already several cases when big amounts of coins was stolen from places which we assumed safe,and users lost their funds...
Being a programmer i know that in every system are holes, and some one can crack it, the only thing matters is time\resources it takes...
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March 08, 2012, 12:34:57 AM
 #633

I don't think that pirate needs any online hot wallets or VPS, why should he - his business business after funding is mostly (all) offline, I'd hope/I assume that he holds most all funds in offline cold storage, as in Armory - his web site certainly has no access to any BTC funds because no need to

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pirateat40 (OP)
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March 08, 2012, 12:35:09 AM
 #634

What will happen if your system gets compromised and funds will be solen?


As most everyone knows I back everything I do with my own wallet if something were to happen.  I run multiple wallets as well and numerous backup and encryption systems to insure everything is secure,  cause it's not just your coins, but my money on the line if something were to happen.


pirateat40 (OP)
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March 08, 2012, 12:39:42 AM
 #635

Pirate,

You say your demand is low, thus not zero. Does that mean you're accepting or are open for business? Can current accounts members make deposits now either on the old or new program terms?

The demand rating is merely a way for members to know the risk of depositing and getting them right back.

FredericBastiat
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March 08, 2012, 12:41:39 AM
 #636

As most everyone knows I back everything I do with my own wallet if something were to happen.  I run multiple wallets as well and numerous backup and encryption systems to insure everything is secure,  cause it's not just your coins, but my money on the line if something were to happen.

Are you accepting deposits now? And if so, with the new terms or the old until the 1st of April?

http://payb.tc/evo or
1F7venVKJa5CLw6qehjARkXBS55DU5YT59
pirateat40 (OP)
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March 08, 2012, 12:43:33 AM
 #637

As most everyone knows I back everything I do with my own wallet if something were to happen.  I run multiple wallets as well and numerous backup and encryption systems to insure everything is secure,  cause it's not just your coins, but my money on the line if something were to happen.

Are you accepting deposits now? And if so, with the new terms or the old until the 1st of April?

As always, you can deposit at anytime.  The new payment terms and rates don't go into effect until the 1st.

FredericBastiat
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March 08, 2012, 12:45:09 AM
 #638

As always, you can deposit at anytime.  The new payment terms and rates don't go into effect until the 1st.

Thanks for the update.

http://payb.tc/evo or
1F7venVKJa5CLw6qehjARkXBS55DU5YT59
mb300sd
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March 08, 2012, 02:36:33 AM
 #639

Still the best rate anywhere. Smiley

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pirateat40 (OP)
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March 08, 2012, 06:30:51 PM
 #640

Actually I do have a question, but of course you're free to refuse to answer Smiley

Are the rates altered because:

1) Your margins are declining because the underlying business case is declining
2) You want bigger margins for yourself
3) Both 1) and 2)


Smaller accounts are linked to more movement (deposits/withdraws) which equals more time for me.  I would rather a few large lenders that are stable than lots of small accounts that jump in and out.

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