runlinux
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February 05, 2012, 08:19:13 PM |
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wow, that filled up fast yeah, lucky you.
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pirateat40 (OP)
Avast Ye!
Sr. Member
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Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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February 05, 2012, 08:50:59 PM |
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Indeed, and it was 1300 BTC. New order or a lot of cash outs?
I needed a new JetSki.
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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February 05, 2012, 08:54:27 PM |
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Come on, you can find cheaper jet ski's
Not one you can bolt a cannon to.
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imsaguy
General failure and former
VIP
Hero Member
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Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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February 05, 2012, 09:49:09 PM |
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Indeed, and it was 1300 BTC. New order or a lot of cash outs?
I needed a new JetSki. I didn't know you could operate a JetSki in sand.
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runlinux
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February 06, 2012, 06:29:36 PM |
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Thanks for all your help pirate! I really do appreciate it!
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runlinux
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February 06, 2012, 08:22:20 PM |
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awesome post is awesome.
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mcorlett
Donator
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Activity: 308
Merit: 250
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February 07, 2012, 05:57:57 PM |
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I still haven't received my payment. Am I missing something?
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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February 07, 2012, 06:04:59 PM |
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I still haven't received my payment. Am I missing something?
? PM me
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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February 07, 2012, 06:05:21 PM |
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Current Status - Referral Based Only Opening an account with FPT&S now requires you to have a current lender refer you. Lenders are not paid for referrals so they have nothing to gain from me but this model allows me to limit the new accounts from unknown, new or untrustworthy members.
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terrytibbs
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February 07, 2012, 06:11:51 PM |
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Current Status - Referral Based Only Opening an account with FPT&S now requires you to have a current lender refer you. Lenders are not paid for referrals so they have nothing to gain from me but this model allows me to limit the new accounts from unknown, new or untrustworthy members.
I'd make a policy prohibiting members from selling invitations. I know of *cough*ineededausername*cough* someone who surely wouldn't mind selling them for a bitcoin or two.
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Otoh
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Activity: 3066
Merit: 1165
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February 07, 2012, 06:13:51 PM Last edit: February 07, 2012, 06:32:41 PM by Otoh |
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ineededausername
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February 07, 2012, 06:15:08 PM |
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Well, nobody needs a referral right now because storage is still 0 BTC
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(BFL)^2 < 0
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ineededausername
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February 07, 2012, 06:16:46 PM |
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Current Status - Referral Based Only Opening an account with FPT&S now requires you to have a current lender refer you. Lenders are not paid for referrals so they have nothing to gain from me but this model allows me to limit the new accounts from unknown, new or untrustworthy members.
I'd make a policy prohibiting members from selling invitations. I know of *cough*ineededausername*cough* someone who surely wouldn't mind selling them for a bitcoin or two. Here's my official line on this: I will not sell referrals to members whom I wouldn't personally trust with at least 100 BTC.
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(BFL)^2 < 0
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Hunterbunter
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February 07, 2012, 10:47:04 PM |
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I don't really understand the referral concept.
Since they're sending you their BTCs, why do you need to trust them?
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imsaguy
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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February 07, 2012, 10:48:22 PM |
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I don't really understand the referral concept.
Since they're sending you their BTCs, why do you need to trust them?
The same way you need to trust the bank you get your mortgage from.
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BurtW
Legendary
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Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
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February 07, 2012, 11:45:34 PM |
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I don't think he want to have to deal with a lot of movement in and out.
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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!
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Hunterbunter
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February 08, 2012, 01:56:34 AM |
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I don't really understand the referral concept.
Since they're sending you their BTCs, why do you need to trust them?
The same way you need to trust the bank you get your mortgage from. No, it's more like the bank needing to trust you for accepting money you deposit with them. They're taking your money and paying you interest on it in the same way as pirateat40 is...the depositor is taking the risk that the bank pays interest and doesn't run off with the capital. In your scenario, you're the one taking the loan, so the bank needs to trust you, not the other way around, and the more they trust you, the more they'll lend you / lower your interest rate. I don't think he want to have to deal with a lot of movement in and out.
Yeah that's fair enough, it's just that referrals in the guise of security doesn't make much sense: "this model allows me to limit the new accounts from unknown, new or untrustworthy members." I understand not wanting to deal with 10000 withdrawals/deposits all the time, and pirateat40 has said as much before, but a referral system will create exactly that. The only thing faster than wildfire is word of mouth.
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pirateat40 (OP)
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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February 08, 2012, 02:09:34 AM |
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I don't really understand the referral concept.
Since they're sending you their BTCs, why do you need to trust them?
The same way you need to trust the bank you get your mortgage from. No, it's more like the bank needing to trust you for accepting money you deposit with them. They're taking your money and paying you interest on it in the same way as pirateat40 is...the depositor is taking the risk that the bank pays interest and doesn't run off with the capital. In your scenario, you're the one taking the loan, so the bank needs to trust you, not the other way around, and the more they trust you, the more they'll lend you / lower your interest rate. I don't think he want to have to deal with a lot of movement in and out.
Yeah that's fair enough, it's just that referrals in the guise of security doesn't make much sense: "this model allows me to limit the new accounts from unknown, new or untrustworthy members." I understand not wanting to deal with 10000 withdrawals/deposits all the time, and pirateat40 has said as much before, but a referral system will create exactly that. The only thing faster than wildfire is word of mouth. Reasons: - I get requests from people with 1 post wanting an account which means either someone told them or they have a sock puppet account.
- I don't want this to spiral out of control, so adding even this small limitation makes my life much easier to manage.
- I trust my lenders and trust they know who is a good candidate and who isn't.
If I find that I have lenders referring crappy clients to me I'll hold them responsible, close their accounts and go on about my day. I'm trying to build a core to a much bigger operation here and I think this is the best way to attack it.
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PatrickHarnett
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February 08, 2012, 02:19:06 AM |
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And to compliment the jet-ski, he wants a snow-mobile with flame throwers for when he's carousing in snowy parts.
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