Bitcoin Interest Accounts

[Little Mouse]

SteveSats is offering bitcoin interest account which gives 8.9% interest a year. Here is the quoted message-

I have over 60 Bitcoin interest accounts that have been KYC verified (currently 38 in use). We keep the balance of each account under 10 bitcoin so we can get the highest possible interest rate. Interest on BTC, ETH or GUSD is 8.9% a year, but if balance is rolled over compounding brings each account yield to over 10% a year in interest. Payouts are the first business day of each month. No minimum lockup. If you would like to place more than 10 bitcoin we will splice across multiple accounts for you to ensure a high yield. Get in touch on telegram for more info: @SteveSats

I think DT must tag this person so that no one fall in his scam method. What about creating a flag? Should I create a flag for this?
I see there is a flag created by someone else but it was directing to Steve thread.  That's why I have created new one- https://bitcointalk.org/index.php?action=trust;flag=2092

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[Timelord2067]

If your thread and the other thread relate to the same occurrence of scamming, then your thread (being the later created) is invalid no matter how golly-gosh!! you think you can do a better job creating threads.

[Little Mouse]

If your thread and the other thread relate to the same occurrence of scamming, then your thread (being the later created) is invalid no matter how golly-gosh!! you think you can do a better job creating threads.

The other flag creator have not created any thread. He just used the thread of the original post (quoted above), this thread can be deleted anytime and thus make the flag less trusted. Creating flag must have linked to thread which will not be deleted.

[SFR10]

SteveSats is offering bitcoin interest account which gives 8.9% interest a year.

He/she seems to offer something that's close to what Blockfi does ^{[up to 8.6%]} but at the same time, a big portion of users that try to deal with money and divert conversations away from this forum turned out to be scammers.

I think DT must tag this person so that no one fall in his scam method.

Done.

I see there is a flag created by someone else but it was directing to Steve thread.  That's why I have created new one- https://bitcointalk.org/index.php?action=trust;flag=2092

Supported.

[ChiBitCTy]

Supported flag as well as tagged red.  This is 100% a scam.  It's extremely obvious off the bat, asking to contact them off of forum. Then they provide no information of how they are going to earn this interest as well as if it's "guaranteed" or not.

I can answer both questions, they aren't going to earn this much because it's made up bullshit, and it's not guaranteed because they have no way in guaranteeing your money.

[sujonali1819]

Looks very fishy and suspicious, also the information that the user SteveSats provided is hard to believe. So I also think it must a scam and the user deserved tag and flagged.
I will tag the user and support the flag. Good job Op.

[irfan_pak10]

If my government offers this interest rate, I would have already put all my funds there, even here blockchain is offering 4.5% for BTC and 5% something for ETH interest, No one can afford that much interest rate unless they are going to scam you someday.