Bitcoin Forum
October 23, 2017, 05:42:40 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   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 68 69 70 71 »
  Print  
Author Topic: Bitcoin Savings and Trust | Home | Closed  (Read 796659 times)
Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1456



View Profile
April 17, 2012, 10:23:35 AM
 #781


Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508780560
Hero Member
*
Offline Offline

Posts: 1508780560

View Profile Personal Message (Offline)

Ignore
1508780560
Reply with quote  #2

1508780560
Report to moderator
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
April 17, 2012, 12:28:18 PM
 #782

Quote
In 2010, the Financial Industry Regulatory Authority (FINRA) warned that "[t]he con artists behind HYIPs are experts at using social media — including YouTube, Twitter and Facebook — to lure investors and create the illusion of social consensus that these investments are legitimate."
[...]
Some HYIP operators opened their own digital currency companies that eventually folded; these companies include Standard Reserve, OSGold, INTGold, EvoCash, and V-Money.
[...]
The largest documented HYIP scam was OSGold, founded as an e-gold imitation in 2001 by David Reed. OSGold folded in 2002. According to a lawsuit filed in U.S. District Court in early 2005, the operators of OSGold may have made off with USD $250 million. CNet reported that "at the height of its popularity, the OSGold currency boasted more than 60,000 accounts created by people drawn to promises of "high yield" investments that would provide guaranteed monthly returns of 30 percent to 45 percent."
[...]
The second largest documented HYIP was PIPS (People in Profit System or Pure Investors). The investment scheme was started by Bryan Marsden in early 2004 and spanned more than 20 countries. PIPS was investigated by Bank Negara Malaysia in 2005 which resulted in Marsden and his wife being charged in a Malaysian court with 97 counts of money laundering more than 77 million RM, equivalent to $20 million. Even after these charges were brought forth, many of Marsden's followers and investors continued to support him and believe they would see their money in the future.

There is no 7% a week. Deal with it.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


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


View Profile WWW
April 17, 2012, 01:53:40 PM
 #783

Update

All accounts have been corrected that were affected by the payment script.

If you have any questions feel free to contact me.

Thanks,

copumpkin
Donator
Sr. Member
*
Offline Offline

Activity: 266


I'm actually a pineapple


View Profile
April 17, 2012, 01:57:01 PM
 #784

Quote
In 2010, the Financial Industry Regulatory Authority (FINRA) warned that "[t]he con artists behind HYIPs are experts at using social media — including YouTube, Twitter and Facebook — to lure investors and create the illusion of social consensus that these investments are legitimate."
[...]
Some HYIP operators opened their own digital currency companies that eventually folded; these companies include Standard Reserve, OSGold, INTGold, EvoCash, and V-Money.
[...]
The largest documented HYIP scam was OSGold, founded as an e-gold imitation in 2001 by David Reed. OSGold folded in 2002. According to a lawsuit filed in U.S. District Court in early 2005, the operators of OSGold may have made off with USD $250 million. CNet reported that "at the height of its popularity, the OSGold currency boasted more than 60,000 accounts created by people drawn to promises of "high yield" investments that would provide guaranteed monthly returns of 30 percent to 45 percent."
[...]
The second largest documented HYIP was PIPS (People in Profit System or Pure Investors). The investment scheme was started by Bryan Marsden in early 2004 and spanned more than 20 countries. PIPS was investigated by Bank Negara Malaysia in 2005 which resulted in Marsden and his wife being charged in a Malaysian court with 97 counts of money laundering more than 77 million RM, equivalent to $20 million. Even after these charges were brought forth, many of Marsden's followers and investors continued to support him and believe they would see their money in the future.

There is no 7% a week. Deal with it.

I have a feeling you're not a PR account. Or if you are, you're doing a pretty bad job Smiley
farfiman
Legendary
*
Offline Offline

Activity: 1446



View Profile
April 17, 2012, 02:13:03 PM
 #785

Update

All accounts have been corrected that were affected by the payment script.

If you have any questions feel free to contact me.

Thanks,

The guy has mud thrown at him from all directions and his next message is about fixing an accounting error of 0.xx percent.
Is he cool or not ? Smiley


"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1456



View Profile
April 17, 2012, 05:50:26 PM
 #786

I have a feeling you're not a PR account. Or if you are, you're doing a pretty bad job Smiley

Only the fact the HE pretends being a female is telling...

BCX, is that you? lol

ShadowAlexey
Donator
Legendary
*
Offline Offline

Activity: 973



View Profile
April 17, 2012, 07:13:42 PM
 #787

Another scenario.
You have 1M btc.
You want to be a millonare. You cant sell them,because its price will be less than a dollar.So you get Aprox 1mln$.
You lend money from people at very good percent, you pay them for it. You get price growth to very high value(20$), you spend about 250k btc for it. Now BTC you can sell your BTC and you get 7.5mln $.
Profit. $)
That`s all are average values, but i think that you got the point Smiley.

My Bitmessage address: BM-Bc9dpmehK1ihtgHgXKVypTsDwmL4czMx .
฿: 1ShadowAM654zohrsjeso5pf9Sr4x4uYd Ł: LShadowAUpAy4r3yb2skZDe4vWFrLMNGtT ₪: 4ShadowA3DqkGv5zjLukcm88wSzvhbatsk
Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1456



View Profile
April 17, 2012, 07:16:25 PM
 #788

Pirate, I got a small ammount on my withdrawal address, Net amount: +0.00000001 BTC

I see that there is no withdrawal registered on the site, yet there is one 0.00000001 BTC deposit.

Did you just deposited it and sent it to me at the same time? Or is it a bug?

miscreanity
Legendary
*
Offline Offline

Activity: 1260


View Profile
April 17, 2012, 08:12:36 PM
 #789

Do a lot of mouthing about imaginary investment opportunities irl or at the irl/btc interface that somehow magically net you what no business in the ~1000 years of business history ever made and each hyip in the ~10000 years of hyip history always claimed.

Sure, if you want to kill the golden goose. There is movement of capital flow into the Bitcoin system; without that, wealth is confined to an isolated environment and what you describe would be the most likely scenario. The USD is an isolated environment of sorts and therefore instead of wealth transfer from external pools into the USD, the proportion of ownership changes.

In a system as small as Bitcoin's any Ponzi scheme would quickly reach its zenith - in isolation. Even if Pirate is running such a scam, external flows from USD and other sources can keep the game going for a very long time. I would only be concerned if capital inflows into the Bitcoin system remain unchanged or decrease and the rates of return fail to decline somewhat over the next 12-18 months.

Right now, a relatively small amount each week (~$250,000) is necessary to maintain the exchange value of Bitcoin at the current base inflation rate of ~25-30%. There's plenty of room to grow with a global pool in the hundreds of trillions of dollars in search of proportion increase potential.
beaups
Jr. Member
*
Offline Offline

Activity: 35


View Profile
April 18, 2012, 02:33:32 AM
 #790

Pirate, I got a small ammount on my withdrawal address, Net amount: +0.00000001 BTC

I see that there is no withdrawal registered on the site, yet there is one 0.00000001 BTC deposit.

Did you just deposited it and sent it to me at the same time? Or is it a bug?

Yes, pirate - you credited accounts AND sent a payment to the withdrawal address on file.
chungenhung
Legendary
*
Offline Offline

Activity: 1134


View Profile
April 18, 2012, 02:39:18 AM
 #791

Pirate, I got a small ammount on my withdrawal address, Net amount: +0.00000001 BTC

I see that there is no withdrawal registered on the site, yet there is one 0.00000001 BTC deposit.

Did you just deposited it and sent it to me at the same time? Or is it a bug?

Yes, pirate - you credited accounts AND sent a payment to the withdrawal address on file.
that's what happened on mine too.

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

Activity: 378


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


View Profile WWW
April 18, 2012, 04:06:08 AM
 #792

Reinvested accounts got the single Satoshi that was an accounting fix in the system.

Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1456



View Profile
April 18, 2012, 04:21:17 AM
 #793

Reinvested accounts got the single Satoshi that was an accounting fix in the system.

Got the single satoshi reinvested and paid to their withdrawal address lol

JWU42
Legendary
*
Offline Offline

Activity: 1610


View Profile
April 23, 2012, 04:41:25 PM
 #794

Happy Monday!

Thanks P  Grin

GPG PubKey | THREEMA | OTC | HeatWare | 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
mb300sd
Legendary
*
Offline Offline

Activity: 1260

Drunk Posts


View Profile WWW
April 23, 2012, 05:27:29 PM
 #795

 Grin

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
bitlane
Internet detective
Sr. Member
****
Offline Offline

Activity: 462


I heart thebaron


View Profile
April 25, 2012, 01:28:09 AM
 #796


The new website is up!

First Pirate Savings & Trust is now Bitcoin Savings & Trust

Since www.btclending.com will be used for a separate service, there is a new URL as well.  For now, the old URL will redirect to the new site but it won't be for long.  Check out the new site at www.btcst.com.

The new site includes a whole new backend along with a few new features including:

  • SSL Encrypted - Coming shortly.
  • Two-Step Authentication via Google Authenticator - Coming shortly.
  • Request Withdraws - Coming shortly.
  • Account Changes - Limited based on authentication.
  • Transfer Codes - Coming shortly.
  • Much more to come...

Note: Payments paid yesterday where added to your account (regardless if you are reinvested) just for record purposes while we switched over.  They'll be removed so don't go spending them. Smiley

I know it's been a while and I'd like to thank you all for being patient. There are a lot of things in the works which will be released in the coming months that integrate with Bitcoin Savings & Trust.

As always, please feel free to contact me if you have any comments, suggestions or issues with the site.

Enjoy,

pirate@40


Any chance for an update on the new features ?
It's been a while since we have heard from you. How are things proceeding ?
bitlane.

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

Activity: 378


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


View Profile WWW
April 25, 2012, 03:54:06 PM
 #797

Any chance for an update on the new features ?
It's been a while since we have heard from you. How are things proceeding ?
bitlane.

Yea, we got SSL up a while back but the rest it coming this week and then more the following week.

mb300sd
Legendary
*
Offline Offline

Activity: 1260

Drunk Posts


View Profile WWW
April 30, 2012, 10:32:44 PM
 #798

only one reason to like mondays... Smiley

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
April 30, 2012, 11:03:55 PM
 #799

only one reason to like mondays... Smiley

i still hate mondays.

aussies get pirate-pay on tuesday mornings Smiley
JWU42
Legendary
*
Offline Offline

Activity: 1610


View Profile
April 30, 2012, 11:40:48 PM
 #800

Here here to good Mondays...

GPG PubKey | THREEMA | OTC | HeatWare | 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
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 68 69 70 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!