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Author Topic: Want to lend 9 BTC, READ POST  (Read 1309 times)
fabrizziop
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January 30, 2012, 02:20:34 AM
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Hi. I've got 9 BTC sitting around here, doing nothing. I'm an awful currency trader(tried once, lost money), so I want my bitcoins to grow safely, and to be useful to someone and to me. I want to lend 9 BTC to somebody here, but due to the recent scams, the requisites are:

-Have a verifiable Bitcoin-related project with a web page
-More than 250 posts -or- 5 successful trades/loans here.
-Active in the last 6 months in this forum
-Able to provide email address.
I'd prefer people with OTC WOT accounts, for me to build rep.(if that's the case, at least a PM must be signed).
I was scammed already for a PSU, don't want to fall again.

I'd like to loan for 2 weeks max, 0.5% daily NON-Compounded interest(so, 3 days=1.5% interest). I'm new to this, if it isn't that fair post it.

Post if you want, and if you meet the requisites ONLY, don't want any kind of spam here.
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BurtW
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January 30, 2012, 04:45:10 AM
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Hey fabrizziop,

I have seen you around and remember how you got ripped off by quartz92 - %$#$ scammer.  You are a very motivated youngster but what I really like about you is that even at your young age you know how to spell the word "I" (it is capitalized for all of you other youngsters out there - yes I know I am as old as dirt).  This is something that escaped all my nieces and nephews under 20.  They send me shit like this "uncl burt can i borow sum $ asap".

I will borrow the 9 BTC from you at 0.75% per day as a reward for being so well spoken and knowing how to spell the word I.  You can lend it to me for as long as you like and can have it back at any time.  I will give you my personal email and, if you want, I will even give you my cell phone number so you can text me if you need it back in a hurry.

The world needs more youngsters like you!

Burt

BTW this is a one time deal just for fabrizziop because I like his posts.

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!
imsaguy
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January 30, 2012, 04:59:14 AM
 #3

When he's done, I'd like a go at it. Smiley

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

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ZodiacDragon84
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January 30, 2012, 06:07:24 AM
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Hey fabrizziop,

I have seen you around and remember how you got ripped off by quartz92 - %$#$ scammer.  You are a very motivated youngster but what I really like about you is that even at your young age you know how to spell the word "I" (it is capitalized for all of you other youngsters out there - yes I know I am as old as dirt).  This is something that escaped all my nieces and nephews under 20.  They send me shit like this "uncl burt can i borow sum $ asap".

I will borrow the 9 BTC from you at 0.75% per day as a reward for being so well spoken and knowing how to spell the word I.  You can lend it to me for as long as you like and can have it back at any time.  I will give you my personal email and, if you want, I will even give you my cell phone number so you can text me if you need it back in a hurry.

The world needs more youngsters like you!

Burt

BTW this is a one time deal just for fabrizziop because I like his posts.

I want to be your friend, oh Wise One.

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
!
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January 30, 2012, 06:23:40 AM
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Wise no, cranky yes.

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!
terrytibbs
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January 30, 2012, 06:25:52 AM
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Hey fabrizziop,

I have seen you around and remember how you got ripped off by quartz92 - %$#$ scammer.  You are a very motivated youngster but what I really like about you is that even at your young age you know how to spell the word "I" (it is capitalized for all of you other youngsters out there - yes I know I am as old as dirt).  This is something that escaped all my nieces and nephews under 20.  They send me shit like this "uncl burt can i borow sum $ asap".

I will borrow the 9 BTC from you at 0.75% per day as a reward for being so well spoken and knowing how to spell the word I.  You can lend it to me for as long as you like and can have it back at any time.  I will give you my personal email and, if you want, I will even give you my cell phone number so you can text me if you need it back in a hurry.

The world needs more youngsters like you!

Burt

BTW this is a one time deal just for fabrizziop because I like his posts.
May I ask if this is going through the giant machine that is pirate's lending program?
copumpkin
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January 30, 2012, 06:31:50 AM
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May I ask if this is going through the giant machine that is pirate's lending program?

You may indeed, but given that nobody can ever say yes to that and retain their privileges on pirate's system, it seems a bit silly to ask.
PatrickHarnett
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January 30, 2012, 06:50:02 AM
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If it was me, the answer is no (would it end up in Pirate's fund) - deposits at Starfish are separate from my own funds I put there.

Second, I'm too stingy to give that much interest - the project I'm looking to invest in has a 10% payback, not 15%+.
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January 30, 2012, 05:27:24 PM
 #9

You are loaning me 9 BTC.
I will pay you 0.75% interest for each full day the 9 BTC is lent to me.
The interest will not compound.
To minimize book keeping on my end there will be no partial withdraws allowed.
You can leave it on deposit for as long as you want to but I reserve the right to give you back your principal plus accrued full day’s interest at any time after 30 full days on deposit.
When you want it back (or I give it back to you) I will pay you the entire sum, principal plus accrued interest, in one lump sum.

This makes your minimum interest 9 * 0.0075 * 30 = 2.025 if I decide to give it back to you after 30 days.

At this time I do not plan to give it back to you until you want it back.  The 30 day time period is just an escape clause for me so I am not on the hook for the rest of my life.

Your maximum interest is open ended as long as you keep the money in the account and I do not give it back to you after the first 30 days.

You can deposit the money into my public first bits account http://firstbits.com/1BurtW = 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

I will repay to 127i7LwMgT5WQTaxmGmRDtfWb9w2zZVpz1

Please quote this post and post the transaction id of your deposit so we can publicly track the starting date and time.

That should do it!

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!
copumpkin
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January 30, 2012, 05:37:21 PM
 #10

You are loaning me 9 BTC.
I will pay you 0.75% interest for each full day the 9 BTC is lent to me.
The interest will not compound.
To minimize book keeping on my end there will be no partial withdraws allowed.
You can leave it on deposit for as long as you want to but I reserve the right to give you back your principal plus accrued full day’s interest at any time after 30 full days on deposit.
When you want it back (or I give it back to you) I will pay you the entire sum, principal plus accrued interest, in one lump sum.

This makes your minimum interest 9 * 0.0075 * 30 = 2.025 if I decide to give it back to you after 30 days.

At this time I do not plan to give it back to you until you want it back.  The 30 day time period is just an escape clause for me so I am not on the hook for the rest of my life.

Your maximum interest is open ended as long as you keep the money in the account and I do not give it back to you after the first 30 days.

You can deposit the money into my public first bits account http://firstbits.com/1BurtW = 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

I will repay to 127i7LwMgT5WQTaxmGmRDtfWb9w2zZVpz1

Please quote this post and post the transaction id of your deposit so we can publicly track the starting date and time.

That should do it!

I question the wisdom of using sites like firstbits.com or encouraging people to focus on one's vanity address. We don't know much about who runs the site, first of all, which would allow them to change the addresses, or if their security practices are poor, to do that. A vanity address generator can easily generate a new address with the same short prefix as an existing one (such as BurtW), if you expect people to check the firstbits scheme closely enough to notice if there's a completely unrelated address on there.

I expect it's not actually that dangerous, but given how easy it is for me to generate another address starting in BurtW, I think we run the risk of people starting to assume (for no good reason) that if an address is recognizable, it must belong to the person mentioned in the vanity address.
fabrizziop
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January 30, 2012, 05:40:19 PM
 #11

9 BTC sent to 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

TXID: ef402231f6ceec77d57ff04f070e95e1719254260e61afcd99e3d668b78f7722 I think.
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January 30, 2012, 05:49:45 PM
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I guess you are right.  That is why in a contract like this I always include the entire address.  Since I am doing that anyway I can just leave out the firstbits URL all together.  Thanks for the benefit of your doubt!

Notes: 

I am sure you are aware of the fact that if you generate another address that starts with 1BurtW firstbits will not confuse it with mine because mine is in the block chain first.

However your point that fisrtbits themselves might get hacked is a very good one.

There is also the possibility of a mistake in typing in the URL - that can be very bad for example:

http://firstbits.com/1bitcoin is a black hole, BTC never to return
http://firstbits.com/1bitcoins is a valid address owned by deepceleron

Very similar.

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!
fabrizziop
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January 30, 2012, 05:55:29 PM
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Well, I sent directly through Mt.Gox so it may take a while. Sorry about that.
copumpkin
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January 30, 2012, 06:04:38 PM
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I am sure you are aware of the fact that if you generate another address that starts with 1BurtW firstbits will not confuse it with mine because mine is in the block chain first.

However your point that fisrtbits themselves might get hacked is a very good one.

Yeah, I saw that firstbits shouldn't confuse them, but my point was more about the psychology of highlighting a human-readable portion of one's address. It implicitly suggests (to me, at least, but I'm probably more paranoid than most people) that people should look out for that highlighted string as an identifying piece of an address, which is pretty unsafe.

I didn't mean to single you out, and you don't even visually highlight the vanity portion of your address (although I have seen people do that in their signatures), but my basic point stays the same about vanity addresses Smiley Their goal, as far as I can tell, is to put some identifiable information into the address, but as soon as you start talking about even weak forms of identity without talking about securing it, the threat of identity theft appears! Firstbits attempts to address this by proclaiming that whoever had a given address prefix first in the blockchain is in some sense the legitimate owner of the prefix, but I'm very wary of trusting a third party to make such judgments for us. If it becomes established, it could also be subject to prefix squatting.

Anyway, just more rambling from me. I doubt anything bad will happen here, but i just wanted to point out some potential drawbacks Smiley
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January 30, 2012, 06:24:49 PM
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I question the wisdom of using sites like firstbits.com or encouraging people to focus on one's vanity address. We don't know much about who runs the site, first of all, which would allow them to change the addresses, or if their security practices are poor, to do that. A vanity address generator can easily generate a new address with the same short prefix as an existing one (such as BurtW), if you expect people to check the firstbits scheme closely enough to notice if there's a completely unrelated address on there.

I expect it's not actually that dangerous, but given how easy it is for me to generate another address starting in BurtW, I think we run the risk of people starting to assume (for no good reason) that if an address is recognizable, it must belong to the person mentioned in the vanity address.
We know that he has been in this community for over a year and a half, with over 4000 posts. That should count for something. Also, Firstbits follows a deterministic algorithm (with the blockchain as input), 1burtw will always map to 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ. You can have Firstbits clones if you don't want to trust one particular server to do the computation.

I don't think there's danger in that, as long as we make it clear that you need to use the actual firstbits expansion, not just any address with the same prefix.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
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January 30, 2012, 06:41:57 PM
 #16

Back on topic, got the BTC, time stamp is 2012-01-30 17:52:21.  This thread is done for now!

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!
senbonzakura
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January 31, 2012, 04:28:09 AM
 #17

why not invest in something (in glbse.com) ?

or buy this http://www.youtube.com/watch?v=DR_zDrzhPgE so you can save your BTC Smiley

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