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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 774209 times)
brendio
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May 30, 2012, 02:40:06 PM
 #901

I'd like to basicly echo this comment, what do i have to do to be able to deposit?
Thanks!

As the OP says you need a referral. I am in the same boat but with a referral and no account. I have a feeling that with the ever increasing popularity of the free pass-through's there is just no need for new accounts at this time. Plenty of BTC is rolling in from existing sources. Why would Pirate want to make more legwork with new accounts when it is not needed, completely understandable. 

You can basically get the same benefits by picking a pass-through. Of course nobody wants to go through 3rd party but it is what it is. Possibly requiring new accounts to start with 500BTC or more would eliminate some of the legwork.
Unless you have 2000 BTC to plonk down, the pass throughs are a better option for most anyway. You need 500 BTC to get even 5.6 %. Most pirate bonds offer more than that if you don't pay too much for it.

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Cobra
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May 30, 2012, 03:18:51 PM
 #902

Unless you have 2000 BTC to plonk down, the pass throughs are a better option for most anyway. You need 500 BTC to get even 5.6 %. Most pirate bonds offer more than that if you don't pay too much for it.

Right, I am aware of that as well. I had planned to get the account open and scale up to 2k in a month (no, not another pass through). Investing a larger Sum with a 3rd party as the go-between just feels a little more risky that's all.  It looks like many members including yourself are completely legit and honest people. For Jr members like myself and others it just takes time reading posts to have that comfort level to trust multiple people (basically strangers) with a decent amount of money. As the rather humorous ponzi thread shows, others share that concern. You can understand why a person would want to try to eliminate as many risks as possible.
miscreanity
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May 30, 2012, 05:00:53 PM
 #903

change = chance... sorry, not my first typo of the night, lol

At least it wasn't a 400BTC typo Smiley
SimBesh
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May 31, 2012, 02:27:36 AM
 #904

ok thanks, just bought some of chaangs bonds!
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June 01, 2012, 07:11:13 AM
 #905

Also if any one's interested i whipped up a basic spreadsheet for keeping track of an investment, just change the white boxes, and file > save to
http://goo.gl/QOKLF

edit: might need that link haha thanks
Otoh
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June 01, 2012, 09:10:15 AM
 #906

Also if any's interested i whipped up a basic spreadsheet for keeping track of an investment, just change the white boxes, and file > save to
FTFY <-----

ps, nice, thanks, I like the Double Principle, Triple, Quadruple, x5 part  Tongue

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rampone
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June 04, 2012, 06:09:30 PM
 #907

As in the first post stated: storage demand: low, is it still posiible to get an invite from somewhere? pirateat40: I am already at your "pool" under "forumuser"@gmail.com.
ty

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payb.tc
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June 04, 2012, 06:15:51 PM
 #908

is it still posiible to get an invite from somewhere?

possible, but possibly unlikely.
ineededausername
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June 04, 2012, 07:10:30 PM
 #909

As in the first post stated: storage demand: low, is it still posiible to get an invite from somewhere? pirateat40: I am already at your "pool" under "forumuser"@gmail.com.
ty

good job reading the rules

(BFL)^2 < 0
Sukrim
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June 04, 2012, 07:28:09 PM
 #910

Also if any one's interested i whipped up a basic spreadsheet for keeping track of an investment, just change the white boxes, and file > save to
http://goo.gl/QOKLF

edit: might need that link haha thanks

If you buy pass-through products on GLBSE, you need to be aware that the weekly paying ones (FOO.PPPP...PPPPPT, TYGRR.BOND-P) do cost more than 1 BTC per BTC deposited and are atomic to ~1 BTC deposits. If you get 0.60 BTC as dividend, you cannot compound.
According to my calculations, the doubling should take place after 12 weeks, I would HIGHLY recommend pulling out your initial investment latest at this point.

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SimBesh
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June 04, 2012, 08:12:02 PM
 #911

Also if any one's interested i whipped up a basic spreadsheet for keeping track of an investment, just change the white boxes, and file > save to
http://goo.gl/QOKLF

edit: might need that link haha thanks

If you buy pass-through products on GLBSE, you need to be aware that the weekly paying ones (FOO.PPPP...PPPPPT, TYGRR.BOND-P) do cost more than 1 BTC per BTC deposited and are atomic to ~1 BTC deposits. If you get 0.60 BTC as dividend, you cannot compound.
According to my calculations, the doubling should take place after 12 weeks, I would HIGHLY recommend pulling out your initial investment latest at this point.

ah yes very true, those double, triple lines will only work with a % rate from 6.5-7%, i've also bought in with someone else outside of glbse with the option to reinvest
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June 08, 2012, 03:38:15 AM
 #912

I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?
brendio
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June 08, 2012, 03:41:14 AM
 #913

I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?
Given that even if you could get a referral, pirate is not taking on new accounts, your best bet is to look into the various pass through programs. There's one in my sig, but there are others also. Check carefully on the terms, because not all offers are alike.

payb.tc
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June 08, 2012, 03:45:22 AM
 #914

I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?
Given that even if you could get a referral, pirate is not taking on new accounts, your best bet is to look into the various pass through programs. There's one in my sig, but there are others also. Check carefully on the terms, because not all offers are alike.

exactly. some offer insurance, others don't.
Raoul Duke
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June 08, 2012, 03:48:56 AM
 #915

I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?

You send those 500 BTC to the address in my signature Grin

imsaguy
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June 08, 2012, 03:52:12 AM
 #916

I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?
Given that even if you could get a referral, pirate is not taking on new accounts, your best bet is to look into the various pass through programs. There's one in my sig, but there are others also. Check carefully on the terms, because not all offers are alike.

Yup, some like the PPT bonds offer "insurance" others like mine (check sig) and Brendio's do not.

I'm digging the quotes... as if its not insurance or something.

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proudhon
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June 08, 2012, 03:56:52 AM
 #917

This all seems even riskier than bitcoinica, no offense.
Raoul Duke
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June 08, 2012, 03:59:21 AM
 #918

This all seems even riskier than bitcoinica, no offense.

Ah, but Pirate doesn't hold your funds hostage. lol

BinaryMage
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June 08, 2012, 04:00:13 AM
 #919

This all seems even riskier than bitcoinica, no offense.

Ah, but Pirate doesn't hold your funds hostage. lol

Notable difference there. Wink

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proudhon
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June 08, 2012, 04:03:22 AM
 #920

This all seems even riskier than bitcoinica, no offense.

Ah, but Pirate doesn't hold your funds hostage. lol

Bitcoinica didn't either...for a while.
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