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Author Topic: Hashkings Lending,Deposit 1.25% INSURED, ALL PPT ACCOUNTS CLOSING ON 8/19  (Read 93216 times)
terrytibbs
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September 08, 2012, 10:57:53 PM
 #421

Finally I did make a mistake and invest a portion of the funds in BTCST along with with some personal funds.
HOW MUCH???
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September 09, 2012, 12:20:46 AM
 #422


College of Bucking Bulls Knowledge
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September 09, 2012, 12:41:38 AM
 #423

This is bullshit.
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September 09, 2012, 12:47:37 AM
 #424

Bitcoin is full of B.S.  Cheesy
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September 09, 2012, 12:48:18 AM
 #425

I wonder how intertwined are the various long-term deposit takers? Spreading out deposits in an attempt to spread risk could turn out to have been a big waste of time.
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September 09, 2012, 12:52:56 AM
 #426

Your not really spreading risk when you invest insured funds into the high risk uninsured option. When is team ponzi gonna mob this thread?  Cheesy
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September 09, 2012, 01:02:07 AM
 #427

I wonder how intertwined are the various long-term deposit takers? Spreading out deposits in an attempt to spread risk could turn out to have been a big waste of time.

Under these circumstances, it seems that it was plain impossible any diversification. Unlimited greed drove everything to the same place: the big black btc hole...
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September 09, 2012, 01:15:22 AM
 #428

To be honest I am quite angry at this. By investing the funds with BS&T yo were essentially defrauding your lenders. I would have preferred investing it with Pirate for 7% instead of the 1.9% I got now (at the same risk!) for my locked in period of 8 weeks which would expire in 1.5 week (in fact I could have better invested in your PSTs). I invested with you to spread my risk which I appearently havent done thus far.
Unfortunately, this is going to look like another "I told you so", but:

1) Many people pointed out that diversification wouldn't work because even lenders who had no direct BS&T holdings themselves may well have lent money to people who put it in BS&T and thus the loans would go bad if BS&T collapsed.

2) Many people pointed out that the business model was basically "Lend me $50,000. I'll go to Vegas, and if I win, we'll split the profits."

Yes, you were defrauded. But only because you closed your eyes, stuck your fingers in your ears, and shouted "LALALALALALALALA!".

(Not that this at all excuses the people who defrauded you, of course. If you walk through a bad neighborhood at night with $100 bills sticking out of your pockets and get robbed, you're an idiot for doing that. But a robber who robs people who do stupid things is no better than any other kind of robber.)

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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September 09, 2012, 01:23:50 AM
 #429

At least Hashking fessed up, and is trying to make things right. Most people in that situation would just disappear. Now lets see if he follows through. This should probably be the que for everyone to pull out all funds from other programs, and start the bank run domino effect.  Cheesy
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September 09, 2012, 01:38:39 AM
 #430

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If you walk through a bad neighborhood at night with $100 bills sticking out of your pockets and get robbed, you're an idiot for doing that. But a robber who robs people who do stupid things is no better than any other kind of robber.)


But they walk through the neighborhood every night; they get robbed every night.  Eventually, you just have to conclude that they want to be robbed. 
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September 09, 2012, 01:46:29 AM
 #431

If the people in power at this website want to be extra protective, they shouldn't allow certain claims. I don't agree with it, but they should ban anyone from claiming insured, guaranteed, low risk, and using the name bank in there thread info. They should also change the category to high risk unregulated investments. Then maybe people will think twice. I don't think it will change anything and i think it's overdoing it, but maybe it will satisfy the extremists.
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September 09, 2012, 01:47:22 AM
 #432

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If you walk through a bad neighborhood at night with $100 bills sticking out of your pockets and get robbed, you're an idiot for doing that. But a robber who robs people who do stupid things is no better than any other kind of robber.)

But they walk through the neighborhood every night; they get robbed every night.  Eventually, you just have to conclude that they want to be robbed.
I agree, and then to some extent it's their fault there's all these robbers around. But the robbers can't use that excuse. That's my point. "How can you expect us not to be robbers, how can you blame us for robbing, when there's all these easy marks around?" That doesn't fly.

At least Hashking fessed up, and is trying to make things right. Most people in that situation would just disappear. Now lets see if he follows through. This should probably be the que for everyone to pull out all funds from other programs, and start the bank run domino effect.  Cheesy
To some extent, he's also a victim -- ignoring the warnings that his business model couldn't possibly work just as his investors did.

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September 09, 2012, 02:12:30 AM
 #433

coincidence? or planned together?
Both imsaguy and hashking say it will take 3 years to repay.

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
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September 09, 2012, 02:15:18 AM
 #434

Selling HKBTCLending account:

269.23~BTC available for 180BTC.
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September 09, 2012, 02:28:48 AM
 #435

500+ selling for 400 or nearest offer.
PM me
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September 09, 2012, 02:51:19 AM
 #436

Hashking, will you be mining most of the coins or buying on the open market?

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September 09, 2012, 02:59:52 AM
 #437

If the people in power at this website want to be extra protective, they shouldn't allow certain claims. I don't agree with it, but they should ban anyone from claiming insured, guaranteed, low risk, and using the name bank in there thread info. They should also change the category to high risk unregulated investments. Then maybe people will think twice. I don't think it will change anything and i think it's overdoing it, but maybe it will satisfy the extremists.

No they should move the lending stuff to a whole new TLD. This forum should be about the bitcoin project not high interest investments that may or may not be scams.



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September 09, 2012, 03:03:32 AM
 #438

Well he better start borrowing some US$ now and buying bitcoin while its still cheap.
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September 09, 2012, 03:04:29 AM
 #439

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I have had alot of depositors request their funds back with no new deposits.

What's it called when you use deposits from new investors to pay the early investors, and the whole thing collapses when there's no new depositors?  Roll Eyes

If the people in power at this website want to be extra protective, they shouldn't allow certain claims. I don't agree with it, but they should ban anyone from claiming insured, guaranteed, low risk, and using the name bank in there thread info. They should also change the category to high risk unregulated investments. Then maybe people will think twice. I don't think it will change anything and i think it's overdoing it, but maybe it will satisfy the extremists.

But that would be regulation, and regulation is BAD for the FREE MARKET!
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September 09, 2012, 03:24:26 AM
 #440

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But that would be regulation, and regulation is BAD for the FREE MARKET!

Not sure if trolling.
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