Bitcoin Forum
April 23, 2018, 04:24:07 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  

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 »
  Print  
Author Topic: Starfish BCB - Loans and Deposits  (Read 59869 times)
JoelKatz
Legendary
*
Offline Offline

Activity: 1582
Merit: 1003


Democracy is vulnerable to a 51% attack.


View Profile WWW
September 24, 2012, 02:31:13 AM
 #501

But it does seem that I'm not running a ponzi (after several months of accusations - unless I read that wrong).
From what you've publicly disclosed, it appears you were running a Ponzi and still are.

Previously, people were borrowing money from you to give to Pirate so that Pirate could give them other investor's money back to repay you. There was no evidence of any legitimate investment. Money was just moving from person to person with new investors paying off old investors. A profit was impossible, except at the expense of other investors who lost. So that was a Ponzi. Perhaps you didn't know it at the time, but it was.

Now, people who invest in Kraken are buying your own bad Pirate debt, allowing you to pay off old investors. Using new investment money to pay off old investors is a Ponzi, unless you believe there's a legitimate investment in the chance of a Pirate payback.

So essentially, you're back where you started, getting people to invest in the hopes Pirate will pay off and using money from new investors to pay back old investors.

Please correct me if my understanding is wrong. Details on Kraken are sparse, so all I can do is speculate. It seems that before you were passing on a con (not realizing people were borrowing to invest in Pirate, not realizing Pirate was totally unreliable), but it now seems you are running the con (you know Pirate is totally unreliable and yet you are selling his debt to pay off past investors who you've already defaulted on).

I am an employee of Ripple. Follow me on Twitter @JoelKatz
1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1524500647
Hero Member
*
Offline Offline

Posts: 1524500647

View Profile Personal Message (Offline)

Ignore
1524500647
Reply with quote  #2

1524500647
Report to moderator
Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


Wat


View Profile WWW
September 24, 2012, 02:38:13 AM
 #502

Seems Kraken has failed to pay any interest this week.

wachtwoord
Legendary
*
Offline Offline

Activity: 1680
Merit: 1000


View Profile
September 24, 2012, 06:59:59 AM
 #503

Seems Kraken has failed to pay any interest this week.

Incorrect
bigbox
Jr. Member
*
Offline Offline

Activity: 50
Merit: 0


View Profile
September 24, 2012, 07:26:36 AM
 #504

Seems Kraken has failed to pay any interest this week.

Newsletter has just been sent, and about to do the payments for the week (0.4826%).

Patrick sent out interest less than 2 days ago.  You were the very next person to reply in the Kraken thread after he made the payment statement.
c4n10
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250



View Profile
September 24, 2012, 09:02:35 AM
 #505

Hello,

I was linked here by member Chang Hum who told me you may be able to help me with a 100 BTC loan...

I am willing to provide my name, address, phone number, email, HD color photo of my ID, HD color photo of my Social Security card and references along with video/photo proof that I am the person I am identifying myself to be (i.e. a picture or photo of me holding my identification with a name card proving my forum identity).

Additional details on my loan request are posted here: https://bitcointalk.org/index.php?topic=110905.0

Thank you for your time and consideration!!!
BTCHero
Jr. Member
*
Offline Offline

Activity: 57
Merit: 0


View Profile
September 24, 2012, 08:34:38 PM
 #506

Hello,

I was linked here by member Chang Hum who told me you may be able to help me with a 100 BTC loan...

I am willing to provide my name, address, phone number, email, HD color photo of my ID, HD color photo of my Social Security card and references along with video/photo proof that I am the person I am identifying myself to be (i.e. a picture or photo of me holding my identification with a name card proving my forum identity).

Additional details on my loan request are posted here: https://bitcointalk.org/index.php?topic=110905.0

Thank you for your time and consideration!!!

What's wrong with you

#bitcoin-otc WoT (http://bitcoin-otc.com/viewratingdetail.php?nick=BTChero) | Public GPG key (http://pool.sks-keyservers.net:11371/pks/lookup?op=get&search=0x35255B1C5191C375)
c4n10
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250



View Profile
September 25, 2012, 12:51:08 AM
 #507

Hello,

I was linked here by member Chang Hum who told me you may be able to help me with a 100 BTC loan...

I am willing to provide my name, address, phone number, email, HD color photo of my ID, HD color photo of my Social Security card and references along with video/photo proof that I am the person I am identifying myself to be (i.e. a picture or photo of me holding my identification with a name card proving my forum identity).

Additional details on my loan request are posted here: https://bitcointalk.org/index.php?topic=110905.0

Thank you for your time and consideration!!!

What's wrong with you

Well, when I read the sticky thread at the top of the board (the one labeled "How to Request a Loan" it says to be ready to give my SSN. When trying to borrow money?BTC it is important to be able to establish your identity...
Trance104
Full Member
***
Offline Offline

Activity: 207
Merit: 100


View Profile WWW
September 25, 2012, 03:33:32 AM
 #508

I noticed that you're still paying interest to the accounts.

Perhaps you should consider lowering it to 0.5% weekly as opposed to 1%.

Can't stop the Trance! Dance!! DANCE!!!
www.youtube.com/pixelfixgaming
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
September 25, 2012, 03:34:59 AM
 #509

I noticed that you're still paying interest to the accounts.

Perhaps you should consider lowering it to 0.5% weekly as opposed to 1%.

Currently 0.25% per week.
Haplo
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
September 25, 2012, 08:49:34 AM
 #510

I noticed that you're still paying interest to the accounts.

Perhaps you should consider lowering it to 0.5% weekly as opposed to 1%.

Currently 0.25% per week.

OP still says 1.0%.

I'm So Meta, Even This Acronym
peasant
Sr. Member
****
Offline Offline

Activity: 265
Merit: 250


Bitmaker


View Profile
September 25, 2012, 03:19:51 PM
 #511

Per month.
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
September 25, 2012, 07:47:47 PM
 #512

Per month.

Fixed - the original post is buried somewhere in the preceding pages, and the clarification regarding monthly versus weekly didn't get updated in the OP.
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
September 27, 2012, 10:04:27 PM
 #513

Currently processing payments (and waiting for some confirms) -both the scheduled interest and withdrawal requests.  I am also repaying several small accounts (less than 10 coins).  Balance table will updated shortly (done).
dooglus
Legendary
*
Offline Offline

Activity: 2492
Merit: 1124



View Profile
September 27, 2012, 11:15:11 PM
 #514

Currently processing payments (and waiting for some confirms) -both the scheduled interest and withdrawal requests.  I am also repaying several small accounts (less than 10 coins).  Balance table will updated shortly (done).

Are you still paying interest on outstanding balances?  If so, how often?

Just-Dice                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   Play or Invest                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   1% House Edge
imsaguy
General failure and former
VIP
Hero Member
*
Offline Offline

Activity: 574
Merit: 500

Don't send me a pm unless you gpg encrypt it.


View Profile WWW
September 27, 2012, 11:19:34 PM
 #515

Are you still paying interest on outstanding balances?  If so, how often?

He quite literally just answered this question:

I noticed that you're still paying interest to the accounts.

Perhaps you should consider lowering it to 0.5% weekly as opposed to 1%.

Currently 0.25% per week.

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
September 27, 2012, 11:30:37 PM
 #516

Currently processing payments (and waiting for some confirms) -both the scheduled interest and withdrawal requests.  I am also repaying several small accounts (less than 10 coins).  Balance table will updated shortly (done).

Are you still paying interest on outstanding balances?  If so, how often?

dooglus has a valid point that I will correct for next week - the accounts in the withdrawal pool were not accumulating interest (although I thought that point had been made), but given the greater length of time necessary to recover funds from people, that is unreasonable so I'll change it.
dooglus
Legendary
*
Offline Offline

Activity: 2492
Merit: 1124



View Profile
September 27, 2012, 11:49:05 PM
 #517

Are you still paying interest on outstanding balances?  If so, how often?

He quite literally just answered this question:

I saw that answer, but I've not been getting interest.  Hence my question.

Just-Dice                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   Play or Invest                 ██             
          ██████████         
      ██████████████████     
  ██████████████████████████ 
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
    ██████████████████████   
        ██████████████       
            ██████           
   1% House Edge
Micon
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


FPV Drone Pilot


View Profile WWW
September 28, 2012, 10:28:39 PM
 #518

Patrick - Since you are still crediting Starfish accounts with interest, does this mean you plan to pay back all investors, in full (principle + interest) ?

If so when do you estimate you will complete the process? 

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
jasinlee
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500


Its as easy as 0, 1, 1, 2, 3


View Profile
September 28, 2012, 10:55:15 PM
 #519

Holy crap, did you just see Micon ask a question that was like a non jerk would ask? Someone needs to block his account, it must have been hacked.

BTC 1JASiNZxmAN1WBS4dmGEDoPpzN3GV7dnjX DVC 1CxxZzqcy7YEVXfCn5KvgRxjeWvPpniK3                     Earn Devcoins Devtome.com
Buffer Overflow
Legendary
*
Offline Offline

Activity: 1652
Merit: 1004



View Profile
September 29, 2012, 02:58:14 AM
 #520

Patrick - Since you are still crediting Starfish accounts with interest, does this mean you plan to pay back all investors, in full (principle + interest) ?

If so when do you estimate you will complete the process? 

Translation: "Patrick's still paying interest, that *really* irritates me. I know, I'll ask a innocent looking question so when he replies I can just retort with my same old stuff I've repeated over and over and over and over and over and over again. P.S. I hope it collapses soon. Won't affect me, but the temporary fun will fill a much needed void in my life."

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 »
  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!