Bitcoin Forum
December 08, 2016, 12:00:43 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 ... 118 »
  Print  
Author Topic: [BitcoinMax.com] Closed  (Read 178580 times)
zyk
Full Member
***
Offline Offline

Activity: 224


View Profile
July 04, 2012, 08:25:20 PM
 #381

following on from the previous post, i just want to make one point clear:

your investment is 100% exposed to BST as soon as you send it to me, regardless of where the outputs of your actual transaction get spent.


whats are your take on to what kind of service BCST is providing to its clients and therefore the risk exposure to your buiseness and that of your lenders?

Cheers Zyk

P.S.  you mean if pirate goes bust you are free of returning principal ?
1481198443
Hero Member
*
Offline Offline

Posts: 1481198443

View Profile Personal Message (Offline)

Ignore
1481198443
Reply with quote  #2

1481198443
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
July 04, 2012, 09:39:53 PM
 #382

following on from the previous post, i just want to make one point clear:

your investment is 100% exposed to BST as soon as you send it to me, regardless of where the outputs of your actual transaction get spent.


whats are your take on to what kind of service BCST is providing to its clients and therefore the risk exposure to your buiseness and that of your lenders?

Cheers Zyk

P.S.  you mean if pirate goes bust you are free of returning principal ?

my take is that it works, so i don't really concern myself with trying to find out why it works. if pirate really wanted us to know, he'd tell us.

and yes i'm free of returning principal: your principal 'amount' is with BST.

an example of that would be let's say to start with i have 200 btc which i keep here:

BST wallet   100   i own 100% of these coins
My wallet   100   i own 100% of these coins

then, a bitcoinmax lender decides to invest 40 btc (sending it to MY wallet), the ownership changes immediately to:

BST wallet   100   i own 60 of these coins, and the bitcoinmax lender owns the other 40
My wallet   140   i own 100% of these coins

then if BST stops paying, i've lost 60 btc, and the bitcoinmax lender has lost 40 btc, even though the actual 40 bitcoins that he sent are still unspent in my own personal wallet.

payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
July 04, 2012, 09:48:24 PM
 #383

Payb.tc, do you think it would be possible to add time periods for the the payout ratio of earnings?

Example:
In the "Auto Re-invest" section, I have the ability to select a time period (in weeks) for my payout ratio of earnings to apply (instead of every week).
So I could choose to "Send me 40% and re-invest 60% of my earnings every 4 weeks" so the payout would build longer than if I did the same payout ratio every single week.

i understand what you mean, it'd be like

0%, 100%
0%, 100%
0%, 100%
40%, 60%
0%, 100%
0%, 100%
0%, 100%
40%, 60%
etc.

i tried to work this out using an example on my calculator and i think that you can achieve exactly the same result doing this:

10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%

(in both cases, investing 10 BTC gives you a balance of 16.18 btc at the end)

edit: second one gives you 16.19 btc at the end... but they are basically the same.
drakahn
Hero Member
*****
Offline Offline

Activity: 504



View Profile
July 04, 2012, 09:51:40 PM
 #384

Payb.tc, do you think it would be possible to add time periods for the the payout ratio of earnings?

Example:
In the "Auto Re-invest" section, I have the ability to select a time period (in weeks) for my payout ratio of earnings to apply (instead of every week).
So I could choose to "Send me 40% and re-invest 60% of my earnings every 4 weeks" so the payout would build longer than if I did the same payout ratio every single week.

i understand what you mean, it'd be like

0%, 100%
0%, 100%
0%, 100%
40%, 60%
0%, 100%
0%, 100%
0%, 100%
40%, 60%
etc.

i tried to work this out using an example on my calculator and i think that you can achieve exactly the same result doing this:

10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%
10%, 90%

(in both cases, investing 10 BTC gives you a balance of 16.18 btc at the end)


i think he meant more

40%[added to main account], 60%[added to 'secondary' waiting account]
40%[added to main account], 60%[added to 'secondary' waiting account]
40%[added to main account], 60%[added to 'secondary' waiting account]
40%[added to main account], 60%[added to 'secondary' waiting account]
withdraw all of secondary account
40%[added to main account], 60%[added to 'secondary' waiting account]
40%[added to main account], 60%[added to 'secondary' waiting account]
40%[added to main account], 60%[added to 'secondary' waiting account]
40%[added to main account], 60%[added to 'secondary' waiting account]
withdraw all of secondary account



(I added the second account as thats how i would make my own work around to get the same thing, it could all be under the same account just with that effect)

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
Michail1
Hero Member
*****
Offline Offline

Activity: 719


Www.Michail.Com


View Profile WWW
July 04, 2012, 10:08:11 PM
 #385

Payb.tc, do you think it would be possible to add time periods for the the payout ratio of earnings?

Example:
In the "Auto Re-invest" section, I have the ability to select a time period (in weeks) for my payout ratio of earnings to apply (instead of every week).
So I could choose to "Send me 40% and re-invest 60% of my earnings every 4 weeks" so the payout would build longer than if I did the same payout ratio every single week.

You realize it is better to have a compound interest working for you weekly rather than monthly?



Yes, he does... that's why he wants to reinvest monthly rather than weekly

His statement looks more like he wants to simply be paid 40/60 at the end of the month which means his interest was only paid out and 60% reinvested.
He didn't mention a second account or all being reinvested until a 40% payout at the end of the month.

As an investor, I would read it as though he is wanting to give up 3 compounded posibilities.

System is setup to make interest on his interst 4 cycles in that month rather that the 1 cycle it appears he is asking for.

drakahn
Hero Member
*****
Offline Offline

Activity: 504



View Profile
July 04, 2012, 10:10:36 PM
 #386

Payb.tc, do you think it would be possible to add time periods for the the payout ratio of earnings?

Example:
In the "Auto Re-invest" section, I have the ability to select a time period (in weeks) for my payout ratio of earnings to apply (instead of every week).
So I could choose to "Send me 40% and re-invest 60% of my earnings every 4 weeks" so the payout would build longer than if I did the same payout ratio every single week.

You realize it is better to have a compound interest working for you weekly rather than monthly?



Yes, he does... that's why he wants to reinvest monthly rather than weekly

His statement looks more like he wants to simply be paid 40/60 at the end of the month which means his interest was only paid out and 60% reinvested.
He didn't mention a second account or all being reinvested until a 40% payout at the end of the month.

As an investor, I would read it as though he is wanting to give up 3 compounded posibilities.

System is setup to make interest on his interst 4 cycles in that month rather that the 1 cycle it appears he is asking for.
He didn't mention the second account, i did that myself because thats how i understood it, it wouldn't be in a different account in practice

if you only take 40% of each week once a month (so 40% of every week, but paid monthly) you make a bit more

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
Michail1
Hero Member
*****
Offline Offline

Activity: 719


Www.Michail.Com


View Profile WWW
July 04, 2012, 10:13:12 PM
 #387


if you only take 60% of each week once a month (so 60% of every week, but paid monthly) you make a bit more

I agree with that.  Not as he worded it though.
He could do as PayB.tc suggested for the same output.   10/90

zyk
Full Member
***
Offline Offline

Activity: 224


View Profile
July 04, 2012, 10:19:04 PM
 #388

following on from the previous post, i just want to make one point clear:

your investment is 100% exposed to BST as soon as you send it to me, regardless of where the outputs of your actual transaction get spent.


whats are your take on to what kind of service BCST is providing to its clients and therefore the risk exposure to your buiseness and that of your lenders?

Cheers Zyk

P.S.  you mean if pirate goes bust you are free of returning principal ?

my take is that it works, so i don't really concern myself with trying to find out why it works. if pirate really wanted us to know, he'd tell us.

and yes i'm free of returning principal: your principal 'amount' is with BST.

an example of that would be let's say to start with i have 200 btc which i keep here:

BST wallet   100   i own 100% of these coins
My wallet   100   i own 100% of these coins

then, a bitcoinmax lender decides to invest 40 btc (sending it to MY wallet), the ownership changes immediately to:

BST wallet   100   i own 60 of these coins, and the bitcoinmax lender owns the other 40
My wallet   140   i own 100% of these coins

then if BST stops paying, i've lost 60 btc, and the bitcoinmax lender has lost 40 btc, even though the actual 40 bitcoins that he sent are still unspent in my own personal wallet.




Thanks for explaining

if then BST stops paying (stops paying interest or ain´t able to let you withdraw anything at all) ?  -   you of course will know first......will in this case still be 60 % of your

coins in the BST wallet?        2.  Is there any risk that you can go bust even if BST stays open?

Cheers Zyk

        

drakahn
Hero Member
*****
Offline Offline

Activity: 504



View Profile
July 04, 2012, 10:36:12 PM
 #389


if you only take 60% of each week once a month (so 60% of every week, but paid monthly) you make a bit more

I agree with that.  Not as he worded it though.
He could do as PayB.tc suggested for the same output.   10/90

lol, either i was wrong or just tired and mathfailing



100% in   withdraw   earn
10.00000   0.00000   0.69000
10.69000   0.00000   0.73761
11.42761   0.00000   0.78851
12.21612   0.00000   0.84291
13.05903   0.00000   0.90107
13.96010   0.00000   0.96325
14.92335   0.00000   1.02971
15.95306   0.00000   1.10076
17.05382   0.00000   1.17671
      
17.05382   0.00000   17.05382
      
      
60/40   withdraw   earn
10.00000   0.27600   0.41400
10.41400   0.28743   0.43114
10.84514   0.29933   0.44899
11.29413   0.31172   0.46758
11.76171   0.32462   0.48693
12.24864   0.33806   0.50709
12.75573   0.35206   0.52809
13.28382   0.36663   0.54995
13.83377   0.38181   0.57272
      
13.83377   2.93766   16.77143
      
      
90/10   withdraw   earn
10.00000   0.06900   0.62100
10.62100   0.07328   0.65956
11.28056   0.07784   0.70052
11.98109   0.08267   0.74403
12.72511   0.08780   0.79023
13.51534   0.09326   0.83930
14.35464   0.09905   0.89142
15.24607   0.10520   0.94678
16.19285   0.11173   1.00558
      
16.19285   0.79983   16.99267
      
      
60/40 monthly   withdraw   earn
10.00000   0.00000   0.69000
10.69000   0.00000   0.73761
11.42761   0.00000   0.78851
12.21612   1.22361   0.84291
11.83542   0.00000   0.81664
12.65206   0.00000   0.87299
13.52505   0.00000   0.93323
14.45828   1.44819   0.99762
14.00771   0.00000   0.96653
      
14.00771   2.67181   16.67951

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
Haplo
Full Member
***
Offline Offline

Activity: 168



View Profile
July 04, 2012, 10:54:28 PM
 #390

Thank payb.tc!

Also, before going off trying to do compounding backflips, how bout https? I think that's a little more important   Lips sealed.

And, FY stats for the acct history page would also be nice (for taxes).

I'm So Meta, Even This Acronym
RoloTonyBrownTown
Sr. Member
****
Offline Offline

Activity: 350



View Profile
July 04, 2012, 10:57:39 PM
 #391

Well I'm just glad that bloody idiots from the other threads haven't found their way to this one yet :\   

payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
July 04, 2012, 11:04:39 PM
 #392

Thank payb.tc!

Also, before going off trying to do compounding backflips, how bout https? I think that's a little more important   Lips sealed.

And, FY stats for the acct history page would also be nice (for taxes).

FY is only 5 days old at the moment.

that's a hint that means "i'm not going to cater to all possible countries and tax codes" Cheesy

will think about getting https though.
payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
July 04, 2012, 11:07:56 PM
 #393

To put it in simpler terms: I would like to have 70% (example) of my earnings (not my principle) withdrawn once a month.

My reasoning for this is that I don't want my earnings payout every week, I'd prefer to let my earnings compound, then withdraw them at 70% (leaving 30% to re-invest) after they have compounded 4 times over (4 weeks).

whether the examples we've done above are totally accurate or not, the point is you can achieve almost exactly the same result by having a constant % each week... might just need to spend some time on a calculator or spreadsheet first though to work out what that % is for you.
payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
July 04, 2012, 11:11:30 PM
 #394

To put it in simpler terms: I would like to have 70% (example) of my earnings (not my principle) withdrawn once a month.

My reasoning for this is that I don't want my earnings payout every week, I'd prefer to let my earnings compound, then withdraw them at 70% (leaving 30% to re-invest) after they have compounded 4 times over (4 weeks).

whether the examples we've done above are totally accurate or not, the point is you can achieve almost exactly the same result by having a constant % each week... might just need to spend some time on a calculator or spreadsheet first though to work out what that % is for you.


Was hoping for a simple time period to choose but that works, thanks!

i can't think of a practical way to do it at the moment that wouldn't get complicated.

perhaps since it's only once per month you could just set it to 100% re-invest, and then request a withdrawal once per month.
ErebusBat
Hero Member
*****
Offline Offline

Activity: 560

I am the one who knocks


View Profile
July 05, 2012, 12:12:04 AM
 #395

I would willing to donate a few coins to pay for a cert, anyone else?

░▒▓█ Coinroll.it - 1% House Edge Dice Game █▓▒░ • Coinroll Thread • *FREE* 100 BTC Raffle

Signup for CEX.io BitFury exchange and get GHS Instantly!  Don't wait for shipping, mine NOW!
payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
July 05, 2012, 12:14:35 AM
 #396

I would willing to donate a few coins to pay for a cert, anyone else?

the issue is not the cert, it's the extra IP. it'll need to have it's own, rather than sharing with thrucoin, bitcoinclock, etc.
i just need to ask the host about it.

thanks though.
Haplo
Full Member
***
Offline Offline

Activity: 168



View Profile
July 05, 2012, 02:08:33 AM
 #397

FY is only 5 days old at the moment.

Well, calendar year would work fine Tongue.

I'm So Meta, Even This Acronym
ErebusBat
Hero Member
*****
Offline Offline

Activity: 560

I am the one who knocks


View Profile
July 05, 2012, 04:34:04 PM
 #398

payb.tc I have a question:

After talking to pirate on IRC this morning he said that with the new trust structure sub-accounts would be able to access the BS&T site directly.   Is this something you are planning on allowing, or still use bitcoinmax?

░▒▓█ Coinroll.it - 1% House Edge Dice Game █▓▒░ • Coinroll Thread • *FREE* 100 BTC Raffle

Signup for CEX.io BitFury exchange and get GHS Instantly!  Don't wait for shipping, mine NOW!
danieldaniel
Hero Member
*****
Offline Offline

Activity: 854


View Profile
July 05, 2012, 05:03:02 PM
 #399

payb.tc I have a question:

After talking to pirate on IRC this morning he said that with the new trust structure sub-accounts would be able to access the BS&T site directly.   Is this something you are planning on allowing, or still use bitcoinmax?
+1  I want a subaccount, that would be great.

payb.tc
Hero Member
*****
Offline Offline

Activity: 812



View Profile
July 05, 2012, 05:04:09 PM
 #400

payb.tc I have a question:

After talking to pirate on IRC this morning he said that with the new trust structure sub-accounts would be able to access the BS&T site directly.   Is this something you are planning on allowing, or still use bitcoinmax?

not planning on it, given i've already developed the user-interface at bitcoinmax, moving everyone over to BST would be much more work, not less.

and i don't even know what exact facilities would be available on there yet.

not exactly ruling it out though... i'll take a look when the new site is available.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 ... 118 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!