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Author Topic: Starfish BCB - Loans and Deposits  (Read 56222 times)
PatrickHarnett
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September 09, 2012, 08:16:01 AM
 #281

Thanks for the reminder to update the OP, but deposits have been restricted/disallowed for several weeks now.  Otherwise bitcoinbull's post is rather irrelevant.
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September 09, 2012, 11:40:32 AM
 #282

Thanks for the reminder to update the OP, but deposits have been restricted/disallowed for several weeks now.  Otherwise bitcoinbull's post is rather irrelevant.

so again, why would you ever need to take new deposits if you have run such a successful business?  start paying back the 1%/wk debt, right?

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September 09, 2012, 04:47:06 PM
 #283

At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.

In light of the slew of scams recently, I've learned a few things:
  • Don't do anything with BTC that you wouldn't do with cash
  • Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
  • Leave most of your money in cold storage

Again, thanks to PatrickHarnett for being trustworthy.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
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September 09, 2012, 05:08:58 PM
 #284

At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.

In light of the slew of scams recently, I've learned a few things:
  • Don't do anything with BTC that you wouldn't do with cash
  • Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
  • Leave most of your money in cold storage

Again, thanks to PatrickHarnett for being trustworthy.

Your second point is important. From what I could see here, the people worth trusting with your BTC are those whose identity is known. I guess being identifiable and easily reachable (e.g., being in a country well represented on this forum, compared to being in South Korea) filters out dishonest people, who would prefer to stay anonymous for obvious reasons.

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September 09, 2012, 07:05:23 PM
 #285

At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.

In light of the slew of scams recently, I've learned a few things:
  • Don't do anything with BTC that you wouldn't do with cash
  • Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
  • Leave most of your money in cold storage

Again, thanks to PatrickHarnett for being trustworthy.

Did you contact him ahead of time?  This is not typical (12 hr withdrawal time), as I and others have been waiting for the withdrawals to go through and it is expected to take about a week.

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September 09, 2012, 07:48:38 PM
 #286

At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.

In light of the slew of scams recently, I've learned a few things:
  • Don't do anything with BTC that you wouldn't do with cash
  • Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
  • Leave most of your money in cold storage

Again, thanks to PatrickHarnett for being trustworthy.

Did you contact him ahead of time?  This is not typical (12 hr withdrawal time), as I and others have been waiting for the withdrawals to go through and it is expected to take about a week.
It was small. If you note my post way back in this thread, I keep most of my BTC in cold storage.

If it's any consolation, though: he's stopped accepting deposits, so why return my BTC before he runs? It could have paid for plenty of plane luggage.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
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September 09, 2012, 08:27:00 PM
 #287

At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.

In light of the slew of scams recently, I've learned a few things:
  • Don't do anything with BTC that you wouldn't do with cash
  • Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
  • Leave most of your money in cold storage

Again, thanks to PatrickHarnett for being trustworthy.

Did you contact him ahead of time?  This is not typical (12 hr withdrawal time), as I and others have been waiting for the withdrawals to go through and it is expected to take about a week.
It was small. If you note my post way back in this thread, I keep most of my BTC in cold storage.

If it's any consolation, though: he's stopped accepting deposits, so why return my BTC before he runs? It could have paid for plenty of plane luggage.
I know he won't run Smiley.  He pmed me about his new secret master plan which he will post here shortly (srs).

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September 09, 2012, 08:34:57 PM
 #288

At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.

In light of the slew of scams recently, I've learned a few things:
  • Don't do anything with BTC that you wouldn't do with cash
  • Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
  • Leave most of your money in cold storage

Again, thanks to PatrickHarnett for being trustworthy.

Did you contact him ahead of time?  This is not typical (12 hr withdrawal time), as I and others have been waiting for the withdrawals to go through and it is expected to take about a week.
It was small. If you note my post way back in this thread, I keep most of my BTC in cold storage.

If it's any consolation, though: he's stopped accepting deposits, so why return my BTC before he runs? It could have paid for plenty of plane luggage.
I know he won't run Smiley.  He pmed me about his new secret master plan which he will post here shortly (srs).
srs??!! Shocked

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
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September 09, 2012, 08:38:10 PM
 #289

I initially proposed a queue for withdrawal requests.  However, the past few days has revealed and confirmed a number of issues and a queue would be unfair under the circumstances.  Therefore, I will be making repayments on a pro-rata basis.

The wider situation is that we are seeing a simple "bank run".  Everyone wants their coins back from everyone else at the same time.  I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments.  These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC.  The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.  

Starfish does still have income, and following this week's accumulation rates will be dropping to a nominal 1%/month as I consider reducing it to zero to be counter productive.
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September 09, 2012, 08:40:25 PM
 #290


I know he won't run Smiley.  He pmed me about his new secret master plan which he will post here shortly (srs).
srs??!! Shocked
[/quote]

I wouldn't call it a master plan - the trolls might have some other descriptions for it, and I expect a bunch of angry people too.
unclescrooge
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September 09, 2012, 08:49:43 PM
 #291

I initially proposed a queue for withdrawal requests.  However, the past few days has revealed and confirmed a number of issues and a queue would be unfair under the circumstances.  Therefore, I will be making repayments on a pro-rata basis.

The wider situation is that we are seeing a simple "bank run".  Everyone wants their coins back from everyone else at the same time.  I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments.  These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC.  The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.  

Starfish does still have income, and following this week's accumulation rates will be dropping a nominal 1%/month as I consider reducing it to zero to be counter productive.

The rates will never return to weekly anyway.

Good luck Patrick, and I'm sorry to be part of this "bank run" :/

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September 09, 2012, 08:53:30 PM
 #292

I initially proposed a queue for withdrawal requests.  However, the past few days has revealed and confirmed a number of issues and a queue would be unfair under the circumstances.  Therefore, I will be making repayments on a pro-rata basis.

The wider situation is that we are seeing a simple "bank run".  Everyone wants their coins back from everyone else at the same time.  I made inquiries regarding the larger loans and investments that Starfish has made over the past few months, and also taken on board the most recent developments.  These include the ceasing of interest payments from three of the larger blocks and unknown return times for these and two others covering 5000BTC.  The result that will make people unhappy is that it is going to slow things down, and continuing to pay interest when half of the portfolio has ceased making payments makes no sense.  

Starfish does still have income, and following this week's accumulation rates will be dropping a nominal 1%/month as I consider reducing it to zero to be counter productive.

This seems reasonable.  With all the scams etc going on (not Patrick) I'm just glad to have some coins, lol.

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September 09, 2012, 09:13:38 PM
 #293


The rates will never return to weekly anyway.

Good luck Patrick, and I'm sorry to be part of this "bank run" :/

That's ok - everyone does what they need to do. 

I was just reading about the potential collapse of the euro with an impending decision from Germany, and a related article about a "perfect storm" for the world economy being discussed at the Ambrosetti Forum.  Maybe there will be some further bank runs, or at least a significant correction. 
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September 09, 2012, 09:25:11 PM
 #294

Decisive, positive action. Good work Patrick.

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September 10, 2012, 02:51:36 AM
 #295

At this time I would like to sincerely thank PatrickHarnett. He seems to be the only honest person left on these forums. I requested a withdrawal last night and received it in approximately 12 hours.

In light of the slew of scams recently, I've learned a few things:
  • Don't do anything with BTC that you wouldn't do with cash
  • Just because BTC is designed with the possibility of anonymity doesn't mean that all tx's should be anonymous
  • Leave most of your money in cold storage

Again, thanks to PatrickHarnett for being trustworthy.

Did you contact him ahead of time?  This is not typical (12 hr withdrawal time), as I and others have been waiting for the withdrawals to go through and it is expected to take about a week.

oh boy. 

don't like the sound of that.   It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam.  If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.

Chairman SwCPoker.eu Bitcoin Poker 2.0 |  Pro Poker Player  |  blog & podcas DonkDown.com | @BryanMicon | 2015- PGP Key
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September 10, 2012, 02:58:48 AM
 #296

oh boy. 

don't like the sound of that.   It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam.  If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.

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September 10, 2012, 03:00:18 AM
 #297

oh boy. 

don't like the sound of that.   It's about time for this one to end too, and if there are multiple people waiting for withdraws, it's just super likely it's a scam.  If you have been waiting for more than a few days for a Patrick Harnett withdraw, please post so here.

If anyone ever deserved a punch in the mouth, it'd be you.

No, it would be pirate, MNW, and Patrick. in that order.

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September 10, 2012, 04:02:03 AM
 #298

The 3 Stooges slap?  Cheesy

http://youtu.be/u4ZgVRJ-H8U
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September 10, 2012, 04:18:34 AM
 #299

I have 100% faith in Mr. Starr

Can't stop the Trance! Dance!! DANCE!!!
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September 10, 2012, 04:36:58 AM
 #300

I have 100% faith in Mr. Starr

I don't care if you have faith in the tooth fairy, you're getting rolled son.

Chairman SwCPoker.eu Bitcoin Poker 2.0 |  Pro Poker Player  |  blog & podcas DonkDown.com | @BryanMicon | 2015- PGP Key
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