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unclescrooge
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August 17, 2012, 11:58:47 AM
Last edit: August 17, 2012, 03:35:39 PM by unclescrooge |
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I have successfully requested and received a withdrawal yesterday. Thanks Patrick!
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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bitlane
Internet detective
Sr. Member
 Offline
Activity: 462
Merit: 250
I heart thebaron
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August 17, 2012, 03:29:48 PM |
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I have successfully requested and received a withdrawal yesterday. Thanks Patrick!
I waited several hours though, should I ask Bitlane if it was a ponzi after all?
Don't be a fucking retard. I deal DIRECTLY with Pirate. You use Patrick's pass-through and luckily for you, Patrick has coins in reserve. Are you honestly THAT stupid ? DO YOU NOT UNDERSTAND THE DIFFERENCE ? Sorry about the thread Patrick, but this tool needs to drop himself on his head a few more times and get a firmer grasp on the lending climate. |
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unclescrooge
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August 17, 2012, 03:35:21 PM |
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I have successfully requested and received a withdrawal yesterday. Thanks Patrick!
I waited several hours though, should I ask Bitlane if it was a ponzi after all?
Don't be a fucking retard. I deal DIRECTLY with Pirate. You use Patrick's pass-through and luckily for you, Patrick has coins in reserve. Are you honestly THAT stupid ? DO YOU NOT UNDERSTAND THE DIFFERENCE ? Sorry about the thread Patrick, but this tool needs to drop himself on his head a few more times and get a firmer grasp on the lending climate. I'm not talking about the passthrough but about his 1%/week deposit plan. Calm down please. I edited my last post, my irony was misplaced. sorry I was upset by your topic against pirate this morning, but I don't want to fuel the war around here  |
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PatrickHarnett (OP)
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August 17, 2012, 09:39:30 PM |
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I think both of you know what was going on - yes to was a 1% account, yes I carry reserves, no it wasn't a passthrough.
In other news, I am still working through the 17 messages received overnight - I will have the withdrawals done shortly.
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PatrickHarnett (OP)
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August 18, 2012, 07:56:56 AM |
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As a general notice, I have noticed there was a bit of activity today. Other than having to unwind some other business, taking a hit on some investments, and taking advantage of a couple of opportunities that have come my way, StarfishBCB is still operating.
There are a couple of short-term issues that arise.
1: Large (500+) withdrawal requests might be delayed.
2: I am not looking for additional deposits as opportunities that have the correct risk profile are in a state of change. Please check with me first.
3: New account requests will go onto a wait-list. This allows me to better match the needs of different users, particularly when BS&T funds are returned to users.
With respect to #2 above, I do have and have taken opportunities to purchase several bitcoinmax accounts, but that is a prohibited exposure for deposit funds.
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PatrickHarnett (OP)
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August 18, 2012, 10:52:53 PM |
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I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
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Draino
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August 19, 2012, 12:03:32 AM |
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I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
Apparently I was sleep posting, totally meant to be a PM |
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Papina
Newbie
Offline
Activity: 18
Merit: 0
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August 19, 2012, 12:45:41 PM |
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Thanks for the great service, +1
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Bjork
Sr. Member
Offline
Activity: 457
Merit: 250
Look for the bear necessities!!
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August 19, 2012, 08:55:22 PM |
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I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
Apparently I was sleep posting, totally meant to be a PM  Patrick has two accounts? or more likely, a troll. |
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PatrickHarnett (OP)
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August 19, 2012, 09:15:57 PM |
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?? I don't think either of those two are likely.
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lky_svn
Newbie
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Activity: 45
Merit: 0
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August 20, 2012, 08:04:58 AM |
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Hi Patrick,
Just wanted to say thanks again for the quick and reliable service. Pleasure doing business with you.
My withdrawal request was in my wallet within a couple of hours, excellent.
Hope to deal with you again in the future.
Thanks,
Lky_Svn
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Draino
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August 20, 2012, 08:24:32 AM |
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I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
Apparently I was sleep posting, totally meant to be a PM Patrick has two accounts? or more likely, a troll. i posted a deposit account request as a thread reply instead of PM, then deleted it once i saw the error |
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Trance104
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August 21, 2012, 04:33:22 AM |
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Hello Patrick, I just sent you a deposit BEFORE I read your thread update about deposits. Sorry!!  Will you be lowering your interest rate or anything of that nature? I'm not going to leave you or anything crazy. Just wondering :0) |
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PatrickHarnett (OP)
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August 21, 2012, 04:44:40 AM |
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Hello Patrick, I just sent you a deposit BEFORE I read your thread update about deposits. Sorry!! Will you be lowering your interest rate or anything of that nature? I'm not going to leave you or anything crazy. Just wondering :0) [melodrama] Oh, god, you've deposited the entire BS&T wallet of 500,000BTC!! [/melodrama] That's ok. I'm going to let things settle down before making any decisions. |
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sp0rus
Newbie
Offline
Activity: 25
Merit: 0
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August 21, 2012, 05:07:27 AM |
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Is there a minimum deposit amount or a minimum balance requirement? I'm guessing not, just based on the balance sheet, but thought I'd ask just in case.
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PatrickHarnett (OP)
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August 21, 2012, 05:44:28 AM |
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Is there a minimum deposit amount or a minimum balance requirement? I'm guessing not, just based on the balance sheet, but thought I'd ask just in case.
Minimum opening balance is 1.0. Minimum deposit is usually 1.0 but Sen has deposited smaller amounts into the 7Seas fund. For balances less than 10 coins, compounding is default. |
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Trance104
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August 21, 2012, 01:27:41 PM |
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But Mr. Star!!! Who will I deposit all of my BTCs with!?!?!??!
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sp0rus
Newbie
Offline
Activity: 25
Merit: 0
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August 21, 2012, 10:52:16 PM |
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Just sent my first deposit of 1BTC to Patrick, waiting for confirmation.
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PatrickHarnett (OP)
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August 21, 2012, 11:04:34 PM |
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Just sent my first deposit of 1BTC to Patrick, waiting for confirmation.
Received. |
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nimda
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August 21, 2012, 11:05:06 PM |
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My rep can't add much to Patrick's, but I'd like to say this anyways: When Patrick announced that he would be lowering the interest rate, I PM'ed him saying that I would like to withdraw once the interest rate dropped to 1% weekly. He was perfectly fine with this, but asked that I PM him again when I wanted to withdraw (he announced weeks in advance). That time rolled around, but instead of withdrawing, I ~doubled my investment. Granted, it's not very much I have with him (I keep the vast majority of my BTC in a secure cold-storage system, and the rest is spread between GLBSE, loose spending money, Patrick, and various other deposit-takers (in descending order)), but I welcome the opportunity he provides acting as a low-risk short-notice interest-accruing money-holder. Investors beware that every major loss in the history of Bitcoin (Mybitcoin, Bitcoinica, possibly BS&T (don't talk about that here please), various defaulted loans, etc) has involved someone else holding others' coins. I advise that you hold most of your own BTC and use it for transactions. That being said, it is my personal opinion that PatrickHarnett offers the lowest risk Bitcoin investment opportunity, period.Thanks Patrick for your services, and I hope this post doesn't make me look like a sock-puppet  |
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