|
salty
|
 |
August 11, 2012, 11:02:00 PM |
|
I hope you mean that your 8 week lock-in rate will drop to 1.25% for new deposits made from 10th August? If not then it's unfair changing the terms of a loan mid-term, wouldn't you agree?
|
|
|
|
|
|
|
|
|
|
|
|
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
Vorksholk
Legendary
 Offline
Activity: 1713
Merit: 1029
|
|
August 11, 2012, 11:15:26 PM |
|
I hope you mean that your 8 week lock-in rate will drop to 1.25% for new deposits made from 10th August? If not then it's unfair changing the terms of a loan mid-term, wouldn't you agree?
They change only for new deposits, old deposits always have the rate they were deposited at.  |
|
|
|
|
hashking (OP)
|
|
August 11, 2012, 11:23:29 PM |
|
I hope you mean that your 8 week lock-in rate will drop to 1.25% for new deposits made from 10th August? If not then it's unfair changing the terms of a loan mid-term, wouldn't you agree?
They change only for new deposits, old deposits always have the rate they were deposited at. Old deposits will keep the same rate. The new rate is for any new deposits. |
|
|
|
|
|
salty
|
|
August 11, 2012, 11:24:30 PM |
|
Thanks for clarifying |
|
|
|
|
|
Tittiez
|
|
August 12, 2012, 02:22:11 AM |
|
10BTC into the 6.91% PPT. Thanks for the service Hash.
|
|
|
|
|
piotr_n
Legendary
Offline
Activity: 2053
Merit: 1354
aka tonikt
|
|
August 12, 2012, 07:52:00 AM |
|
@hashking, would it be impolite to ask you who you are?
are you on OTC?
|
Check out gocoin - my original project of full bitcoin node & cold wallet written in Go.PGP fingerprint: AB9E A551 E262 A87A 13BB 9059 1BE7 B545 CDF3 FD0E
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
August 12, 2012, 10:08:43 AM |
|
Interest rate for the 8 week program has been dropped to 1.25%.
Huge reduction on the locked account interest rate while the non-locked lend amount stayed the same. Any reason for this? Planning on introducing longer term deposits for higher rates or do you no longer need the stability and predictability? (not interested now, but am in 6 weeks when my current term finishes) Repeating because it seems to have been missed. |
|
|
|
|
miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
|
|
August 12, 2012, 08:40:25 PM |
|
Interest rate for the 8 week program has been dropped to 1.25%.
Huge reduction on the locked account interest rate while the non-locked lend amount stayed the same. Any reason for this? Planning on introducing longer term deposits for higher rates or do you no longer need the stability and predictability? (not interested now, but am in 6 weeks when my current term finishes) Repeating because it seems to have been missed. It's the most basic of supply & demand reasoning, so it may not have warranted explaining. If HK's capacity is full at 1.9%, there's no reason to keep the high rate in place to draw funding. |
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
August 12, 2012, 08:41:31 PM |
|
Please re-read my question because you obviously did not comprehend.
|
|
|
|
|
miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
|
|
August 12, 2012, 08:57:55 PM |
|
Please re-read my question because you obviously did not comprehend.
Etiquette. Huge reduction on the locked account interest rate while the non-locked lend amount stayed the same. Any reason for this? Planning on introducing longer term deposits for higher rates or do you no longer need the stability and predictability? (not interested now, but am in 6 weeks when my current term finishes)
It's the most basic of supply & demand reasoning, so it may not have warranted explaining. If HK's capacity is full at 1.9%, there's no reason to keep the high rate in place to draw funding.
What happens if/when capacity opens up? Can that availability be predicted? Apologies accepted at the Bitcoin address in my sig. |
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
August 12, 2012, 09:05:34 PM |
|
Okay let me spell it out for you. He used to have an 8 week term at 1.9% and I am asking 2 things: 1) Why was the rate on the longer term deposit reduced but not that on the short term loans (still 1%)? I would expect both to go down the same percentage unless he no longer needs the stability and predictability. Is this true? 2) Is he planning on introducing longer term (so to spell it out longer than 8 weeks) with higher rates than 1.25%. This would suggest an urge for more stability and predictability. But please, only Hashking can answer these questions and if he chooses not to disclose this that is fine also but I would appreciate him stating he does not wish to disclose this information |
|
|
|
|
|
hashking (OP)
|
|
August 13, 2012, 03:33:37 AM |
|
@hashking, would it be impolite to ask you who you are?
are you on OTC?
I am hashking. I'm not currently listed on the OTC, but I have done alot of different trasnsacitons here on the forum. Please let me know if you need a reference. Thanks. |
|
|
|
|
|
hashking (OP)
|
|
August 13, 2012, 03:39:48 AM |
|
Okay let me spell it out for you. He used to have an 8 week term at 1.9% and I am asking 2 things: 1) Why was the rate on the longer term deposit reduced but not that on the short term loans (still 1%)? I would expect both to go down the same percentage unless he no longer needs the stability and predictability. Is this true? 2) Is he planning on introducing longer term (so to spell it out longer than 8 weeks) with higher rates than 1.25%. This would suggest an urge for more stability and predictability. But please, only Hashking can answer these questions and if he chooses not to disclose this that is fine also but I would appreciate him stating he does not wish to disclose this information I adjust my deposit rates according to the needs of my lending and deposit business. I don't have any plans in the future to increase the rate beyond 1.25% currently. I didn't lower the shorter term rate because I would like to keep that rate competitive with other deposit takers in the forum. |
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
|
|
August 13, 2012, 09:18:07 AM |
|
Thanks |
|
|
|
|
|
hashking (OP)
|
|
August 14, 2012, 09:34:58 PM |
|
Just posting an update due to Pirate lowering interest rates for trust accounts. 4.91% Weekly -- Direct BTCST Pass Through 0% Insurance 1 week lock in New rate will be effective 8/20/12. Existing accounts will be switched over to the new rate on 8/19/12. Thread: https://bitcointalk.org/index.php?topic=82574.0. |
|
|
|
|
Vorksholk
Legendary
Offline
Activity: 1713
Merit: 1029
|
|
August 14, 2012, 11:38:35 PM |
|
Is the 50% insured also going to lower?
|
|
|
|
|
drlatino999
|
|
August 15, 2012, 12:29:38 AM |
|
Is the 50% insured also going to lower?
Yes, it's at 3.91% |
Sappers clear the way
|
|
|
|
hashking (OP)
|
|
August 15, 2012, 01:26:18 AM |
|
Is the 50% insured also going to lower?
Yes, it's at 3.91% This is incorrect. It is currently 3.3%. It will be lowered later this week. It will also take effect on 8/20/12. |
|
|
|
|
|
drlatino999
|
|
August 15, 2012, 02:07:53 AM |
|
Is the 50% insured also going to lower?
Yes, it's at 3.91% This is incorrect. It is currently 3.3%. It will be lowered later this week. It will also take effect on 8/20/12. My bad, I could have swore when I checked today it was only 1% lower than the uninsured rate. |
Sappers clear the way
|
|
|
|
Litt
|
|
August 16, 2012, 05:19:52 PM |
|
I just wanna say how exemplary your service is because you deserve it. With so many people mishandling people's bitcoins of late, having nothing but great things to say about the speed and execution of requests is so refreshing. I've had not a single issue to point out in a negative light thus far and you've certainly earned a great deal a trust from me. I can't speak about the risks of ppt deposits for obvious reasons that are outside Hashking's responsibility, but Hashking deposits and services are good in my book. Thanks Hashking. I will certainly be looking for more opportunity to deposit with you very shortly. |
|
|
|
|
|
