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Author Topic: Hashkings Lending,Deposit 1.25% INSURED, ALL PPT ACCOUNTS CLOSING ON 8/19  (Read 93013 times)
chungenhung
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October 02, 2012, 07:17:50 PM
 #741

Just done a quick calculation. If I get my shared amount back everyday. My full balance will be back in 46.87476627 years.
wow.... i'd be dead by then.

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October 02, 2012, 07:51:29 PM
 #742

I have a pending "group repayment" of 0.00058447 BTC from my 10 BTC deposit.
IveBeenBit
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October 02, 2012, 08:00:33 PM
 #743

All of a sudden, I'm really glad that I sold my "guaranteed" debt  (or is that "guaranteed debt?") @ 25% the day after HK announced.
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October 02, 2012, 10:39:15 PM
 #744

More than likely, he is doing just a 1BTC test payment for making sure the system is working correctly before dumping 300 BTC into a system he doesn't know will work right.

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October 02, 2012, 10:48:04 PM
 #745

Code:
Viewing deposit
Deposit of 50 btc.
Deposit made on: 2012-07-13
Weekly interest rate: 0%
Weekly or compound interest: Compound
Current total(deposit + interest earned): 49.99707762 btc

Payments sent
Details Time Address Amount Status
Group Repayment 2012-10-01 22:25:01 1L3qrm...Tbz7jbp 0.00292238 btc Pending

Here's mine.

Edit: deposit #424
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October 02, 2012, 11:55:06 PM
 #746

Deposit 64, 741, and 747 are all pending at this time.

Sappers clear the way
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October 03, 2012, 12:39:08 AM
 #747

More than likely, he is doing just a 1BTC test payment for making sure the system is working correctly before dumping 300 BTC into a system he doesn't know will work right.
Hope not, since a 1BTC test payment implies he still owes 17,109BTC. That's going to take a long time to mine.
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October 03, 2012, 02:48:34 AM
 #748

Just received the first payment.
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October 03, 2012, 02:49:24 AM
 #749

The payment I sent out was a small test payment to everyone to make sure that everything works correctly. 
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October 03, 2012, 05:56:22 AM
 #750

Got it too.

PSYCHOTICBOY IS A THIEF AND A SCAMMER BE WARNED!
https://bitcointalk.org/index.php?topic=129941
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October 03, 2012, 10:05:57 AM
 #751

I see hashking sent the group payment in one transaction with multiple outputs. That means all the withdraw addresses have been revealed, so the total debt can be calculated.

http://blockchain.info/tx/3fa1ce3a403b19226a02223ca120aeca69fa1c535f4b6e41a364be103a09dec4

Of course, one of those outputs might not be a withdraw address and very likely a change address. Probably the 3.43700101 BTC output one.

I don't have time (or the will) to do all the percentages to work out the amount owed on each account. Anyone fancy doing it?

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October 03, 2012, 10:19:06 AM
 #752

I have received the test Payment, thank you Hashking.

Based on the info in the previous post total outstanding debt is ~34k BTC
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October 03, 2012, 10:31:48 AM
 #753

Based on the info in the previous post total outstanding debt is ~34k BTC

34K !!!  Shocked That explains why he kept quiet about it.

To keep within our 3 year target, he needs to payout approx BTC218 per week.

With difficulty about to explode into orbit, if he hasn't got some bad boy ASICs in the pipeline, I think we can all scrub out this 3 year plan. More like 300 years.  Sad

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October 03, 2012, 11:16:19 AM
 #754

34K !!!  Shocked That explains why he kept quiet about it.

To keep within our 3 year target, he needs to payout approx BTC218 per week.

With difficulty about to explode into orbit, if he hasn't got some bad boy ASICs in the pipeline, I think we can all scrub out this 3 year plan. More like 300 years.  Sad

Even with ASICs, it's very hard to do through mining if Bitcoin continues to gain popularity.

One thing that can be done is an option to convert the debt to other currencies. Basically Hash agrees to convert Alice's 100 BTC debt to 1000 EUR. Alice buys 100 BTC with her 1000 EUR today, thereby making her initial 'BTC' investment whole. She then converts every payment she gets from Hash to EUR upon receipt. The obligation ends when Alice has been paid 1000 EUR.

If the payment will be made through mining, this will be the only approach to make it viable. Of course Alice will get more than 100 BTC if EUR/BTC exchange rate goes down, but it doesn't affect Hash because he will also be making more by mining.

The pro rata algorithm can remain based on the conventional "remaining BTC" balance and the converted account can be checked in parallel. This way, converting your account to an inflating currency would be favored.
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October 03, 2012, 11:33:44 AM
 #755

And how exactly did you
Based on the info in the previous post total outstanding debt is ~34k BTC

How exactly did you calculate that number?

PSYCHOTICBOY IS A THIEF AND A SCAMMER BE WARNED!
https://bitcointalk.org/index.php?topic=129941
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October 03, 2012, 11:44:23 AM
 #756

And how exactly did you
Based on the info in the previous post total outstanding debt is ~34k BTC

How exactly did you calculate that number?

Multiply every payout with [his deposit excluding paid out interest]/[his payout]. Exclude the change (3.43700101 BTC).
Total debt excluding interest 34218.52 BTC (might have some rounding error).

Sorry, I can't help you with your lost password.

PGP key: 0x9F31802C79642F25
Jurek
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October 03, 2012, 12:01:16 PM
 #757

Thanks.

Well that looks really bad, but why would he stay and send partial payments if he couldn't pay it? I hope hash knows what he is doing.

PSYCHOTICBOY IS A THIEF AND A SCAMMER BE WARNED!
https://bitcointalk.org/index.php?topic=129941
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October 03, 2012, 12:39:17 PM
 #758

Thanks.

Well that looks really bad, but why would he stay and send partial payments if he couldn't pay it? I hope hash knows what he is doing.

Well, his name and address is known. Also I don't think he's a bad guy. Just fucked up big time that's all.

Also I guess he's waiting for pirate to bail him out. 12th Oct will come and go. Another stall from pirate will materialize. Waiting for pirate is not an option.

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October 03, 2012, 12:46:59 PM
 #759

Also I guess he's waiting for pirate to bail him out. 12th Oct will come and go. Another stall from pirate will materialize. Waiting for pirate is not an option.
I agree.

I wonder though, why do pirate come back and promises to pay back if he can just run? Pirate's identity isn't known.

PSYCHOTICBOY IS A THIEF AND A SCAMMER BE WARNED!
https://bitcointalk.org/index.php?topic=129941
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October 03, 2012, 12:53:37 PM
 #760

Also I guess he's waiting for pirate to bail him out. 12th Oct will come and go. Another stall from pirate will materialize. Waiting for pirate is not an option.
I agree.

I wonder though, why do pirate come back and promises to pay back if he can just run? Pirate's identity isn't known.
Are you kidding me, there are threads that not only list his identity but pictures of him and even people tracking down his family for answers.  If the person they are hunting down is not pirate there is a whole lot of people messing with some guys life in Texas for nothing.  Search for it, it is high drama.   Grin

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