Hashkings Lending,Deposit 1.25% INSURED, ALL PPT ACCOUNTS CLOSING ON 8/19

[bitcoinBull]

[1714466653]

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[1714466653]

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[hashalfahalve]

This is bullshit.

[peasant]

Bitcoin is full of B.S. 

[Soros Shorts]

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.

[peasant]

Your not really spreading risk when you invest insured funds into the high risk uninsured option. When is team ponzi gonna mob this thread? 

[rdponticelli]

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...

[JoelKatz]

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.)

[peasant]

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. 

[BorderBits]

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. 

[peasant]

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.

[JoelKatz]

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. 

To some extent, he's also a victim -- ignoring the warnings that his business model couldn't possibly work just as his investors did.

[chungenhung]

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

[CecilNiosaki]

Selling HKBTCLending account:

269.23~BTC available for 180BTC.

[blazing]

500+ selling for 400 or nearest offer.
PM me

[Buffer Overflow]

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

[Bitcoin Oz]

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.

[blazing]

Well he better start borrowing some US$ now and buying bitcoin while its still cheap.

[heatstroke]

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?  

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!

[bigbeninlondon]

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

Not sure if trolling.

[Soros Shorts]

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?  

Fractional reserve banking?