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Author Topic: [REOPENED!] Brendio's Private Pirate Pass Through - 6.75 % weekly  (Read 7465 times)
brendio
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May 21, 2012, 09:37:28 AM
 #1

Open to new depositors!

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Cross-posting from here: https://bitcointalk.org/index.php?topic=82572.msg911809#msg911809

For the first 1700 BTC, you get exactly what you'd get if you deposit with Pirate.

Okay, I'll jump on the bandwagon. Here's my offer:

My account is very old - within a day of the first public BS&T offer. I'm under the limit for the full interest. I'll accept co-deposits for no fee for the first 1700 BTC. You'll get exactly the same rate I get in interest.

So, currently 4.2% until I get 300 BTC, then 5.6 % until I get 1700 BTC and then we all get 7%. All I get out of these deposits in increased interest on my holding. No insurance. If pirate defaults, you lose and I lose.

Minimum term 1 month. Minimum deposit 20 BTC. Interest paid weekly. After I get the first 1700 BTC, I'll pay out 6.75% on further deposits.

EDIT 24/5/12: I now have 2000 BTC in deposits with BS&T so those who have already deposited will receive 7 % per week (less the first week because I didn't have a full week at over 2000 BTC). Further deposits will now receive 6.75 % interest. Also, the minimum deposit is now 50 BTC.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.17 (MingW32)

iQEcBAEBAgAGBQJPvnAAAAoJELlDeJJBw5c+4w8IAI3KRBq3YJvYvE/yDbvPwCv0
z9DKTtpn+SZ0VYVuSvTJhRF9OnMeRNtGmW3nN0/r/twYoayOYqIf+OapLSTG8sIp
cHp3MFnBUcQPq6qc4eyXaPi1zSy28hZW5Gw3bfy39U5b4GJbR1c/+kz1WJjZtvvb
StSe+2jYnUqgO5IcK8f1vJIGawQpQpARRVTFwJvg+C/ws/xucL0OsxT4I0MXWMhD
aSGQBiA4ewrGZtJQtZWf9gl7R6FeNxF4ne3dgJG3/cPIQnnN65KC8rpIaeat5/5w
165llNBvNKFxtRBgSXJq4Uu5Q8MISq3bWoV2UvNcDutj6+aPfzN3ov1NQWfpsFI=
=X2Y+
-----END PGP SIGNATURE-----


EDIT 25/5/12: Closed to new depositors. GLBSE listing coming soon for smaller investors.

EDIT 6/7/12: Open again: https://bitcointalk.org/index.php?topic=82772.msg1012247#msg1012247 Minimum deposit: 100 BTC.

Quote
I'm reopening to new depositors. Interest rate shall be 0.25 % below the tier of my account (so currently 6.75 %).

Minimum deposit: 100 BTC
Interest paid: weekly
Insurance: none.
Deadline for deposits: Mondays 12 pm UTC (I'll pay prorata interest, for the number of full 12 h periods, for the next couple of days until the deadline.
Minimum term: no minimum term, but there will be a 1 BTC withdrawal fee if funds are deposited for less than 4 weeks.

PM me for a deposit address and include an address for interest/withdrawals.

Depositors will be eligible for a BS&T Trust Sub-Account when they launch in August.

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bitdragon
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May 21, 2012, 09:41:06 AM
 #2

when would the cycle begin ?

brendio
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May 21, 2012, 09:45:39 AM
 #3

when would the cycle begin ?

From now until next Monday, I will process deposits as of 12 pm UTC, then I'll do it weekly on Mondays from then. Interest to be paid within 48 hours of Pirate paying. I'll pro-rata payments for this week, and then only pay whole weeks from then on.

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May 21, 2012, 05:33:38 PM
 #4

Can u create a tally of how this is going? I would like to know what intest rate level u are getting if I was to invest in this.

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May 22, 2012, 12:34:06 AM
 #5

Sent 60BTC.
http://blockchain.info/address/1MwKBUZ7UEWV3Ub9XrgzCSE8bZfJCzkHZ8

Address for payments 1PmDRxc5hV9t2d5mcfx7333iUJUNrb46qN.

Thank you.

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May 22, 2012, 12:35:26 AM
 #6

This sounds awesome, very interested.

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May 22, 2012, 01:03:36 AM
 #7

Can u create a tally of how this is going? I would like to know what intest rate level u are getting if I was to invest in this.
We are up to tier 2.

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May 22, 2012, 01:22:11 AM
 #8

Some points of clarification: My offer is technically only fee-free until I get up to 2000 BTC. After that, the interest reduces to 6.75%, so there will be an effective 0.25% fee for late-comers. I reserve the right to further decrease the rate of interest paid paid once I have full capacity, depending on how many users I get, but you will always get the interest rate current at the time of your deposit for that deposit. I will not make retroactive changes. I will probably also increase the minimum deposit amount once we have full capacity.

If you are concerned about the privacy of PMs or that it may be compromised in the future, you may use my public PGP key to encrypt messages, and also supply your own public key or contact me through a authed OTC nick so that I can respond to withdrawal request outside of bitcointalk. You may also require that I only respond to instructions signed by your key.

If the above step is not taken, I will respond to instructions in this thread or by PM and bear no responsibility or liability should your bitcointalk account be compromised and used to issue instructions.

See also this thread by Sukrim: https://bitcointalk.org/index.php?topic=82784.0 and post or PM your interest or ideas. It's not a forgone conclusion yet, and I'm already getting a bit of demand here anyway. We may be able to have an option for current private depositors to migrate to the GLBSE offering should they wish.

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May 22, 2012, 09:01:07 AM
 #9

I'm in for 200BTC.
Can you confirm with deposit address?

Is it correct that this by default gets reinvested and that interest could be withdrawn without affecting my good standing and top interest rate earned in the future?

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May 22, 2012, 12:26:24 PM
 #10

I'm in for 200BTC.
Can you confirm with deposit address?

Is it correct that this by default gets reinvested and that interest could be withdrawn without affecting my good standing and top interest rate earned in the future?

Deposit address: 1HXNBVyXeB4jdbZ5oLRV2GKLECSc85sDcC

No, I get my interest paid out each week. I find it a good indicator that things are still in order with Pirate. I don't think I could get partial interest reinvestment with Pirate, so I will pay out all interest to depositors. They may redeposit it, subject to the minimum deposit amount at the time, and it will be treated as a new deposit with regards to the applicable interest rate.

Please supply an address for interest payment and withdrawals.

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May 22, 2012, 12:38:00 PM
 #11

I'm also in with 30BTC, interest to be paid @ 1KkPJazq5E4xYfpaLX2EtM1yj2N7yxL2MV
Can you provide a deposit address?

Donations are accepted @: 19Uk8zVhdgfrRo5Z6wH9yghWxZUtdiNtX9
OTC: http://bitcoin-otc.com/viewgpg.php?nick=kronosvl
bitdragon
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May 22, 2012, 12:38:40 PM
 #12

I'm in for 200BTC.
Can you confirm with deposit address?

Is it correct that this by default gets reinvested and that interest could be withdrawn without affecting my good standing and top interest rate earned in the future?

Deposit address: 1HXNBVyXeB4jdbZ5oLRV2GKLECSc85sDcC

No, I get my interest paid out each week. I find it a good indicator that things are still in order with Pirate. I don't think I could get partial interest reinvestment with Pirate, so I will pay out all interest to depositors. They may redeposit it, subject to the minimum deposit amount at the time, and it will be treated as a new deposit with regards to the applicable interest rate.

Please supply an address for interest payment and withdrawals.

very clear, thanks.
My deposit and interest as follows:
16Zfse91oGbg4Rv56hUipEN3pmbuinUk2x

Will get round to depositing later tonight.

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May 22, 2012, 01:04:01 PM
 #13

I'm also in with 30BTC, interest to be paid @ 1KkPJazq5E4xYfpaLX2EtM1yj2N7yxL2MV
Can you provide a deposit address?

19xr9vmCeUtRtwL8NXD4Txn9emYLvBgjRv

brendio
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May 22, 2012, 01:10:13 PM
 #14

I'm also in with 30BTC, interest to be paid @ 1KkPJazq5E4xYfpaLX2EtM1yj2N7yxL2MV
Can you provide a deposit address?

19xr9vmCeUtRtwL8NXD4Txn9emYLvBgjRv
Received.

brendio
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May 22, 2012, 01:13:04 PM
 #15

Sent 60BTC.
http://blockchain.info/address/1MwKBUZ7UEWV3Ub9XrgzCSE8bZfJCzkHZ8

Address for payments 1PmDRxc5hV9t2d5mcfx7333iUJUNrb46qN.

Thank you.
Acknowledged and quoted.

I'm in for 200BTC.
Can you confirm with deposit address?

Is it correct that this by default gets reinvested and that interest could be withdrawn without affecting my good standing and top interest rate earned in the future?

Deposit address: 1HXNBVyXeB4jdbZ5oLRV2GKLECSc85sDcC

No, I get my interest paid out each week. I find it a good indicator that things are still in order with Pirate. I don't think I could get partial interest reinvestment with Pirate, so I will pay out all interest to depositors. They may redeposit it, subject to the minimum deposit amount at the time, and it will be treated as a new deposit with regards to the applicable interest rate.

Please supply an address for interest payment and withdrawals.

very clear, thanks.
My deposit and interest as follows:
16Zfse91oGbg4Rv56hUipEN3pmbuinUk2x

Will get round to depositing later tonight.

Quoted for posterity. Will keep an eye out for it.

kronosvl
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May 22, 2012, 01:14:09 PM
 #16

sent: https://blockchain.info/tx-index/6479229/ab109976ea2c2f666401da0a0af8a949495ac1be923d4fb508cc75209b7505b2
I'm also in with 30BTC, interest to be paid @ 1KkPJazq5E4xYfpaLX2EtM1yj2N7yxL2MV
Can you provide a deposit address?

19xr9vmCeUtRtwL8NXD4Txn9emYLvBgjRv

Donations are accepted @: 19Uk8zVhdgfrRo5Z6wH9yghWxZUtdiNtX9
OTC: http://bitcoin-otc.com/viewgpg.php?nick=kronosvl
brendio
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May 22, 2012, 01:17:27 PM
 #17

sent: https://blockchain.info/tx-index/6479229/ab109976ea2c2f666401da0a0af8a949495ac1be923d4fb508cc75209b7505b2
I'm also in with 30BTC, interest to be paid @ 1KkPJazq5E4xYfpaLX2EtM1yj2N7yxL2MV
Can you provide a deposit address?

19xr9vmCeUtRtwL8NXD4Txn9emYLvBgjRv

I'm also in with 30BTC, interest to be paid @ 1KkPJazq5E4xYfpaLX2EtM1yj2N7yxL2MV
Can you provide a deposit address?

19xr9vmCeUtRtwL8NXD4Txn9emYLvBgjRv
Received.

brendio
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May 22, 2012, 02:46:57 PM
 #18

Just under 1000 BTC left fee-free.

Jonny Heggheim
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May 22, 2012, 07:58:47 PM
 #19

I'm in with ***BTC, my payback/interest address is ***
Can you provide me a deposit address?
brendio
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May 23, 2012, 02:48:30 AM
 #20

I'm in with 70BTC, my payback/interest address is 196euMP3NmPu3Ri4FThRj17fNiXS9q7gzb
Can you provide me a deposit address?

1zEeDhVcMq6na4brG41Aw6FQSkDyPXk6g

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