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

[chungenhung]

NEWS FLASH:  I didn't expect anything more from someone who blatantly lies to his depositors and steals their interest.  

I will leave your thread alone.  Funny a 16 year old kid was able to pay his debts in full, paying all creditors equally, and making them whole.   You are in a hole and still digging.  

Some people are just garbage and always will be.

Totally agree.
Waiting for OP to prove otherwise.

[chungenhung]

My account size:
195 + 200 + 100 = 495 BTC.

[drrussellshane]

NEWS FLASH:  I didn't expect anything more from someone who blatantly lies to his depositors and steals their interest. 

I am done.  Funny a 16 year old kid was able to pay his debts in full, paying all creditors equally, and making them whole.   You are in a hole and still digging. 

Some people are just garbage and always will be.

I'm only 15 so that is the reason he probably has more sense then me. 

LOL....a fucking 15 year old?

Or maybe he was joking.

Has that occurred to anybody?

[peasant]

I'm pretty sure only the principal is insured. You took a risk compounding, so prepare to give it up. At this point people should be thankful to receive that much considering the climate.

[salty]

I'm pretty sure only the principal is insured. You took a risk compounding, so prepare to give it up. At this point people should be thankful to receive that much considering the climate.

Again, this makes sense.

[mb300sd]

100 + 100 BTC = 200 BTC account

[PsychoticBoy]

Something that is guaranteed is GUARANTEED!
Which letter of GUARANTEED don`t you understand?!?


Greetz

[wachtwoord]

I'm pretty sure only the principal is insured. You took a risk compounding, so prepare to give it up. At this point people should be thankful to receive that much considering the climate.

Again, this makes sense.

No it does not, it is complete and utter bullshit. Even HK agrees on this as he is deducing received interest from non-compounding accounts.

This is all very simple: say I had a non-compounding account and re-invested all received interest manually. Then this would be principal and returned to me (under your weird assumption) while with automatic reinvestment (aka compounding) it would not. The risk of both cases is equal and so is the reward therefore either both (preferably) or neither should be returned.

So please, could people please think before they post here (I'm looking at you Peasant)? Otherwise this thread is going to get as constipated as the other ones. Thank you.

[salty]

I'm pretty sure only the principal is insured. You took a risk compounding, so prepare to give it up. At this point people should be thankful to receive that much considering the climate.

Again, this makes sense.

No it does not, it is complete and utter bullshit. Even HK agrees on this as he is deducing received interest from non-compounding accounts.

This is all very simple: say I had a non-compounding account and re-invested all received interest manually. Then this would be principal and returned to me (under your weird assumption) while with automatic reinvestment (aka compounding) it would not. The risk of both cases is equal and so is the reward therefore either both (preferably) or neither should be returned.

So please, could people please think before they post here (I'm looking at you Peasant)? Otherwise this thread is going to get as constipated as the other ones. Thank you.

No my assumption is this: For compounding accounts, this is simply returned, without interest. For weekly interest payouts any already paid interest would be deducted from the capital, then the remainder returned. This first step, done quickly would satisfy 'Insured' as far as I am concerned. I would then expect Hashking to make good on the interest over time to satisfy 'Fully'.

Now getting back to 'Insured', Hashking, I hope you are looking at slimming your property portfolio if necessary to make good on this.

[JoelKatz]

No my assumption is this: For compounding accounts, this is simply returned, without interest. For weekly interest payouts any already paid interest would be deducted from the capital, then the remainder returned. This first step, done quickly would satisfy 'Insured' as far as I am concerned. I would then expect Hashking to make good on the interest over time to satisfy 'Fully'.

Now getting back to 'Insured', Hashking, I hope you are looking at slimming your property portfolio if necessary to make good on this.

You can't split a semantic unit and satisfy it part by part. If I promise you "lots of money", I can't give you lots of sand to satisfy the "lots" part and then move on to the money part. "Fully insured" means that the insurance will be full. Any lesser doesn't satisfy the "insured" part because the type of insured that part refers to is "fully".

[salty]

No my assumption is this: For compounding accounts, this is simply returned, without interest. For weekly interest payouts any already paid interest would be deducted from the capital, then the remainder returned. This first step, done quickly would satisfy 'Insured' as far as I am concerned. I would then expect Hashking to make good on the interest over time to satisfy 'Fully'.

Now getting back to 'Insured', Hashking, I hope you are looking at slimming your property portfolio if necessary to make good on this.

You can't split a semantic unit and satisfy it part by part. If I promise you "lots of money", I can't give you lots of sand to satisfy the "lots" part and then move on to the money part. "Fully insured" means that the insurance will be full. Any lesser doesn't satisfy the "insured" part because the type of insured that part refers to is "fully".

Lots of sand? Anyway, back on planet Earth....

This is after the fact that Hashking has admitted a fuckup, 'insured' apparently meant 'in pirate@40's wallet', I am not discussing what 'insured' should have meant because we all know that, but what I feel should be done now to remedy the situation, and what can be fairly acheived given there isn't enough money to meet obligations fully.

[zyk]

Something that is guaranteed is GUARANTEED!
Which letter of GUARANTEED don`t you understand?!?

Greetz

Have you ever heard of guaranteed ponzi schemes?

Usually there even is a "fully" guaranteed  chargeback at the end for the early heroadopters.

http://online.wsj.com/article/SB10001424052970203513604577142602812291424.html#articleTabs%3Darticle

Cheers Zyk

[greyhawk]

early heroadopters.

I'm gonna go ahead and steal this phrase for any future appropriate conversations, in case you don't mind.

[JoelKatz]

This is after the fact that Hashking has admitted a fuckup, 'insured' apparently meant 'in pirate@40's wallet', I am not discussing what 'insured' should have meant because we all know that, but what I feel should be done now to remedy the situation, and what can be fairly acheived given there isn't enough money to meet obligations fully.

The problem is that everyone who makes such an argument has an interest in the payoff schedule that pays them the most the quickest. If the payoff is going to be proportional to amount owed, there's no reason to treat interest earned prior to default any different from principles deposited after default. Anyone who earned interest prior to default could have withdrawn it and re-deposited as principle. That should, obviously, have no effect. People who rolled over interest they could have withdrawn trusted him with those funds just as much as people who deposited principle did.

[chungenhung]

Now getting back to 'Insured', Hashking, I hope you are looking at slimming your property portfolio if necessary to make good on this.

That is.... If HK even have a property portfolio. It could be another of his thread trying to ask for loan for non-existing property rentals.
I am happy to be proved wrong though.

[hashking]

I wouldn't sell any of my personal assets to cover any bitcoin losses.  This is a business, it has failed.  When businesses fail they shut down and usually nobody gets anything.   I will continue to make payments from my bitcoin production and buy coins whenever I can.  If people continue at act they way they are acting I will just walk away.  

[JoelKatz]

I wouldn't sell any of my personal assets to cover any bitcoin losses.  This is a business, it has failed.  When businesses fail they shut down and usually nobody gets anything.

Umm, no. That's not true. Declaring your business a failure doesn't absolve you of your debts. You are your business. Your business is you.

I will continue to make payments from my bitcoin production and buy coins whenever I can.  If people continue at act they way they are acting I will just walk away.  

Threatening to renege on a legitimate debt to obtain a business concession is scamming.

[Puppet]

I wouldn't sell any of my personal assets to cover any bitcoin losses.  This is a business, it has failed.

You defrauded it. Big difference.

[hashking]

I wouldn't sell any of my personal assets to cover any bitcoin losses.  This is a business, it has failed.  When businesses fail they shut down and usually nobody gets anything.

Umm, no. That's not true. Declaring your business a failure doesn't absolve you of your debts. You are your business. Your business is you.

I will continue to make payments from my bitcoin production and buy coins whenever I can.  If people continue at act they way they are acting I will just walk away.  

Threatening to renege on a legitimate debt to obtain a business concession is scamming.

Well then sue me.  Lets see what a court will say about bitcoin.  I will just file for a bk and I'm done.

[zyk]

early heroadopters.

I'm gonna go ahead and steal this phrase for any future appropriate conversations, in case you don't mind.

I mind stealing  but heroadopting it, thats fine with me

but beware...using it might get you ignored....watch my counter

Cheers Zyk