[BitcoinMax.com] Closed

[payb.tc]

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.

[1714782391]

1714782391

[piotr_n]

got ya. thanks for clearing this up.

[ErebusBat]

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.

Correct me if I am wrong, but you are operating no different than traditional brick and moarter banks. They don't just keep deposits in their vault to swim around in, they invest it.  Then as people make new deposits they use that to pay others withdrawals.

I think some people get stuck on the idea of 'my' coins rather than the amount of coin.

[Michail1]

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.

Correct me if I am wrong, but you are operating no different than traditional brick and moarter banks. They don't just keep deposits in their vault to swim around in, they invest it.  Then as people make new deposits they use that to pay others withdrawals.

I think some people get stuck on the idea of 'my' coins rather than the amount of coin.

Actually....
Pirate has BST investment.
PayB.TC operates in that he puts our BTC with BST.

So, if BST fails, then all of our coins fails with it.

PayB.TC is basically offering a service in which he makes a little profit from our deposits.  If BST were to open accounts in that we could all equally make a profit, then there would be no need for PayB.TC

BST wants to limit the amount of management of everyone wanting to deposit/withdrawal, etc.   So, PayB.TC is doing them a service by being a middleman (so to speak).

And, when BST does open up accounts again in Aug, it will not make sense to anyone with smaller accounts, because the interest is lower.  So, PayB.TC is again doing even a better service for everyone, because they get a higher rate than anyone trying to deposit directly with BST.  (Even someone depositing 5500BTC still are not getting the rate PayB.TC is offering)   Simply awesome.

And, PayB.TC is just trying to make it clear that everything hinges on BST (namely pirate) staying alive.
(Here's to your health pirate! - May you and BST live forever)
Edit:  And you too PayB.TC :x

[fatigue]

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.

BTCST doesn't work like that...

[drakahn]

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.

BTCST doesn't work like that...

No... but bitcoinmax could if it was built to...

[Michail1]

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?

[Valalvax]

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

[zyk]

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 ?

[payb.tc]

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]

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]

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)

[Michail1]

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]

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

[Michail1]

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]

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]

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

[Haplo]

Thank payb.tc!

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

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

[RoloTonyBrownTown]

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

[payb.tc]

Thank payb.tc!

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

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"

will think about getting https though.