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Author Topic: Who Pays What?  (Read 36735 times)
PatrickHarnett (OP)
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May 16, 2012, 09:10:40 PM
 #21

Don't forget my Loyalty Rewards Program.   Wink

Maybe I deliberately avoided it - it was complicated when I looked at it last time.  But, yes, nice loyalty rewards.

I can see how it could be complicated to a guy running a bank.   Tongue

Actually, I meant that it would be complicated to condense into one line.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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OgNasty
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May 16, 2012, 09:19:29 PM
 #22

Actually, I meant that it would be complicated to condense into one line.

No worries.  I was just giving you a hard time.  Keep up the great work.

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May 22, 2012, 04:45:52 AM
 #23

As per this thread here https://bitcointalk.org/index.php?topic=82772.0, here is my current offer.

Code:
Who	          Rate per Week	Rate per month	Deposits since  BS&T  Exposure  Guarantee on BS&T Default   Notes
Brendio            5.6 %    24.3%          Nov 2011             Yes            no                     20 min. One month min. term. Potential to increase up to 7.0%.

Rate will change as funds flow in. Eventually, it will probably be (if I don't close it to new investors):

Code:
Who	          Rate per Week	Rate per month	Deposits since  BS&T  Exposure  Guarantee on BS&T Default   Notes
Brendio            6.75 %    29.9%          Nov 2011             Yes            no                     50 min. One month min. term.

It looks like I used a different calculation to determine rate per month. I've just listed compounded for 4 weeks, rather than allow for different length months.

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May 22, 2012, 04:51:31 AM
 #24

As per this thread here https://bitcointalk.org/index.php?topic=82772.0, here is my current offer.

It looks like I used a different calculation to determine rate per month. I've just listed compounded for 4 weeks, rather than allow for different length months.

Can you provide a link to the Nov2011 taking of deposits?
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May 22, 2012, 05:14:33 AM
 #25

As per this thread here https://bitcointalk.org/index.php?topic=82772.0, here is my current offer.

It looks like I used a different calculation to determine rate per month. I've just listed compounded for 4 weeks, rather than allow for different length months.

Can you provide a link to the Nov2011 taking of deposits?
Ah, whoops. I misread that as age of deposit with Pirate for some reason.

I've been taking deposits since yesterday, so May 2012.

PatrickHarnett (OP)
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May 22, 2012, 07:00:00 AM
 #26

As per this thread here https://bitcointalk.org/index.php?topic=82772.0, here is my current offer.

It looks like I used a different calculation to determine rate per month. I've just listed compounded for 4 weeks, rather than allow for different length months.

Can you provide a link to the Nov2011 taking of deposits?
Ah, whoops. I misread that as age of deposit with Pirate for some reason.

I've been taking deposits since yesterday, so May 2012.

No problem, I added it as May so should be correct - if not, let me know.
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June 12, 2012, 03:18:58 AM
 #27

i'm paying 6.9% per week... link is in my sig.

minimum account size: 10 btc
no minimum term
PatrickHarnett (OP)
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June 12, 2012, 03:40:07 AM
 #28

i'm paying 6.9% per week... link is in my sig.

minimum account size: 10 btc
no minimum term


added the minimum in notes
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June 14, 2012, 08:08:17 PM
 #29

Thanks, excellent overview!
Looks like you need to improve your rates though Wink - last place (even of the non-BS&T depositors)??
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June 14, 2012, 08:14:41 PM
 #30

Thanks, excellent overview!
Looks like you need to improve your rates though Wink - last place (even of the non-BS&T depositors)??
I'd like to echo this - only because I consider Patrick the most trustworthy and I would love to not be tempted by others higher rates!
PatrickHarnett (OP)
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June 14, 2012, 08:33:15 PM
 #31

Thanks, excellent overview!
Looks like you need to improve your rates though Wink - last place (even of the non-BS&T depositors)??

Thank you for the feedback, but being in last place wasn't my intention.  The flip side is that I'm paying "lousy" rates to support some lower cost lending so borrowers can get funds at 2% per week and people investing/depositing can have a high measure of confidence that their funds are secure.  I'm aiming for sustainability and longevity.

I'm not about to ask the other deposit takers to drop their rates though, but I might keep the 1.5% rate running past the end of June (undecided).
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June 15, 2012, 04:12:09 PM
 #32

hasking's changed his rates lately, btw

1.0% weekly interest rate(No commitment required)
4 Week deposit pays 1.15% Weekly
8 Week deposit pays 1.25% Weekly
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June 15, 2012, 09:02:27 PM
 #33

Updated with the HK 1.15% rate (as it's closest to 1 month).  Removed the 14 week special.  Thanks for pointing out the change.
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June 18, 2012, 03:30:37 AM
 #34

I thought hashking's 1.15%/wk deposits are not exposed to BTCST.
PatrickHarnett (OP)
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June 18, 2012, 04:17:26 AM
 #35

I thought hashking's 1.15%/wk deposits are not exposed to BTCST.

He runs different deposits for different people (most people do).  He does have BS&T exposure that he directly passes onto customers for that service.  For the lower rate stuff, that may have exposure to BS&T, but you can clarify (when I asked him originally, the answer was "yes", but that doesn't mean the structure hasn't changed.)
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June 18, 2012, 04:50:38 AM
 #36

Ok, thanks for the clarification. I must've misread his thread.
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June 18, 2012, 06:33:24 AM
 #37

Could a mod please sticky this thread? It is very useful.

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Scott J
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June 18, 2012, 10:02:52 PM
 #38

Could a mod please sticky this thread? It is very useful.
+1
nimda
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June 18, 2012, 10:32:03 PM
 #39

Could a mod please sticky this thread? It is very useful.
+1
+1
John (John K.)
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June 19, 2012, 12:38:05 AM
 #40

+1. Important resource for those who're new to the lending subforum.
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