[CLOSED] ★ VESCUDERO's Risk-free Weekly Term deposits at 1.5% ★

[Raoul Duke]

WTF is that Micon? Is that him? Did you even bother looking at the photos before saying he wasn't there?
As usual Micon pulls accusations out of his ASS and expects others to do the work for him. Is that the way you play poker also? It would explain the failure...
Stop embarassing yourself, you fool. You wouldn't see an elephant even if it was in front of you blocking your path on a tunnel.

Now for a little more embarassment:
http://itsmf.es/index.php?option=com_content&view=article&id=755:v-curso-de-verano-de-itsmf-espana&catid=79:noticias&Itemid=401

11:30       Panel Expertos: El Gestor del Servicio (Service Manager) pdf Solo-Fans
Modera: Victor M. Fernández / SANITAS
Participan:
- Raul Núñez / GFI
- Víctor Escudero / Altran
- Javier Pérez Pacheco / DMS

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[phantitox]

you tweeted on Jun 29th that you were going to speak in a Panel of Experts.  Did you ever do that?

Victor Escudero ‏@VEscudero
I'm gonna be one of the speakers in the next Panel of Experts organized by itSMF #itsmfes: Role of the Service Manager. http://bit.ly/LFR6li

Yeah, please read the post I wrote at the end of July in the post of this same thread.
Please take a look and search for 'Víctor Escudero' in the page of the event.


odd... you don't appear in any of the pictures from this speaking engagement:

http://itsmf.es/index.php?option=com_phocagallery&view=category&id=71:curso-de-verano-2012&Itemid=439

smart move champ... lol

[StrictlyBusiness]

Deposit sent, I would like my payments to be added to my deposit if poss?

[johnlu]

I can easily prove you are running a scam and your identity if fraudulent:

1)  you have ~2500 BTC on deposit you have borrowed this at 1.5% per week - or about 140 BTC per month in interest owed.  Simply, do you make more or less than 140 BTC per month?

2) https://www.facebook.com/vescudero  is this your personal Facebook account?

Micon, I met vescudero (Víctor Escudero) in Madrid in the first bitcoin party in Spain, he looks like you can see in his profile pic. He's a real person, he signed my CaCert certificate, my gpg footprint and I saw his goverment issued identification card and his Spanish driver license.

I'm totally sure about his identity is real.

[sadpandatech]

My real name is Victor Escudero, I am a CAcert assurer and I have nothing to hide. Reputation and trust are of utmost importance in my day-to-day job as well as in my personal life. If you have any doubt about deposit your money with me, I encourage you to check my GnuPG signatures, see my #bitcoin-otc ratings, check my professional profile at LinkedIn, visit my personal website, Twitter account, Facebook account, bitcoinary profile or simply read my previous posts in the bitcointalk.org forum.[/color]

Hi Vescudero.

Since you have nothing to hide, I see on your LinkedIN profile that you work for Altran.  A friend of mine is a consultant for them.  What division of Altran do you work in?  Where are you stationed?

you tweeted on Jun 29th that you were going to speak in a Panel of Experts.  Did you ever do that?

Victor Escudero ‏@VEscudero
I'm gonna be one of the speakers in the next Panel of Experts organized by itSMF #itsmfes: Role of the Service Manager. http://bit.ly/LFR6li
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11:39 AM - 29 Jun 12 · Details

Since you're too fucking lazy to click the link provided;
"11:30   Panel Expertos: El Gestor del Servicio (Service Manager) Expert Panel: The Service Manager (Service Manager)   
Modera: Victor M. Moderator: Victor M. Fernández / SANITAS Fernandez / SANITAS
Participan: Participants:
- Raul Núñez / GFI - Raul Nunez / GFI
- Víctor Escudero / Altran - Victor Escudero / Altran
 "
and a link to the site in English; http://translate.google.com/translate?hl=en&sl=es&u=http://www.itsmf.es/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D755&prev=/search%3Fq%3Dhttp://itsmf.es/index.php%253Foption%253Dcom_content%2526view%253Darticle%2526id%253D755%26hl%3Den%26biw%3D1363%26bih%3D850%26prmd%3Dimvns&sa=X&ei=CsREUJGYD5H68QSpjoGwDg&ved=0CCUQ7gEwAA

[JoelKatz]

I think they're scams, too. It is impossible to get risk-free 1.5% weekly interest, I don't care how good you are at "playing the market" or "choosing who to lend to."

If the operator is taking 100% of the risk of default, why would he want to settle for a sliver of the profit? It makes no sense. If he had the funds to insure the investors against default, why wouldn't he just lend those? It just doesn't make any sense.

I also find it very strange that he thinks he will be "slowly building [his] reputation here" by operating what looks precisely like a scam. If he's right, that's an incredibly sad commentary on this community.

[memvola]

I think they're scams, too. It is impossible to get risk-free 1.5% weekly interest, I don't care how good you are at "playing the market" or "choosing who to lend to."

If the operator is taking 100% of the risk of default, why would he want to settle for a sliver of the profit? It makes no sense. If he had the funds to insure the investors against default, why wouldn't he just lend those? It just doesn't make any sense.

Depends on the volume. My net worth is probably a few hundred thousand Euros, mostly real estate, and my more liquid assets are also safely invested. If I had decided to test the grounds with an operation worth to the degree of twenty thousand Euros, like Vescudero, it wouldn't make any sense for me to sell my real estate, but I can still safely guarantee the investments. Now, since two complementary things don't make any sense, the universe has to disappear.

I also find it very strange that he thinks he will be "slowly building [his] reputation here" by operating what looks precisely like a scam. If he's right, that's an incredibly sad commentary on this community.

Yeah, not that this scheme smells like a scam to me, but there is a fair point in there I guess.

EDIT: By the way, we are either talking about 78% yearly interest or 117% weekly (assumed cumulative, but I suspect Vescudero doesn't do that?), both of which aren't unheard of in the "typical" financial world. Actually I got more than 100% on my mundane deposits for several years from my bank in the '90's, when the inflation rates were high (admittedly they were twice as high of Bitcoin's). One more reason it doesn't scream scam to me.

[Minor]

VEscudero,
It does seem to me that this high interest deposits offer is not a scam per see, and that your are indeed trying to build up your good reputation in the Bitcoin community.

But are you bleeding BTCs to do it?

Assuming that you do actually fully intend to pay the promised interest, and repay the capital when requested, it seems to me that the only way you will be able to do so is by digging into your own BTC reserves.

So far I have seen two of the investments that you have made with the coins that people have lent to you:
- A 100BTC investment in pyramining that has a claimed (but risky) expected return of about 10% in 11 months, or about 0.2% per week.
- An unknown amount lent at 1.75% per week (but you were paying 2% per week at the time).
Neither of these is generating a positive cash flow when compared to the interests that you have to pay out.

Can you show us (or at least describe) an investment that you made with the borrowed coins that gives you a better than 1.5% return per week?
If you don't, some people will just assume that you are trying to buy yourself a good reputation.
(Should *that* be considered a scam?).

[BadBitcoin (James Sutton)]

I just wanted to comment in this thread because I had an interesting thing happen to me today, I wanted to redeposit 50 BTC with ves, however he denyed my deposit because he considers his current volume large enough. I commend him for this and his foresight in knowing his own limitations. Micron can say whatever he wants, but from this day forward (and beforehand) I believe vescudero to be an honest business man, or at the very least, not a ponzi.

[amgomez]

Mining bonds at GLBSE offer even higher returns than Vescudero deposits, and nobody question them.

I admit perpetual bonds are not the same as deposits, but they probe those returns per week are possible without being a ponzi.

[JoelKatz]

Depends on the volume. My net worth is probably a few hundred thousand Euros, mostly real estate, and my more liquid assets are also safely invested. If I had decided to test the grounds with an operation worth to the degree of twenty thousand Euros, like Vescudero, it wouldn't make any sense for me to sell my real estate, but I can still safely guarantee the investments. Now, since two complementary things don't make any sense, the universe has to disappear.

It still makes more sense to borrow against the real estate and use that. So this translates into, "I make so much money in my genius business plan that I can assume all the risk, keep only a tiny sliver of the profits, and the people I choose to share my bounty with -- those who would invest in something that looks exactly like a Ponzi scheme".

Mining bonds at GLBSE offer even higher returns than Vescudero deposits, and nobody question them.

Show me one that promises over 20% APR and claims no or low risk and I will question it.

[Gladamas]

Mining bonds at GLBSE offer even higher returns than Vescudero deposits, and nobody question them.

Show me one that promises over 20% APR and claims no or low risk and I will question it.

Do you really think that mining bonds are scams?

[nimda]

Depends on the volume. My net worth is probably a few hundred thousand Euros, mostly real estate, and my more liquid assets are also safely invested. If I had decided to test the grounds with an operation worth to the degree of twenty thousand Euros, like Vescudero, it wouldn't make any sense for me to sell my real estate, but I can still safely guarantee the investments. Now, since two complementary things don't make any sense, the universe has to disappear.

It still makes more sense to borrow against the real estate and use that. So this translates into, "I make so much money in my genius business plan that I can assume all the risk, keep only a tiny sliver of the profits, and the people I choose to share my bounty with -- those who would invest in something that looks exactly like a Ponzi scheme".

Mining bonds at GLBSE offer even higher returns than Vescudero deposits, and nobody question them.

Show me one that promises over 20% APR and claims no or low risk and I will question it.

https://glbse.com/asset/view/GIGAMINING ?

[JoelKatz]

Mining bonds at GLBSE offer even higher returns than Vescudero deposits, and nobody question them.

Show me one that promises over 20% APR and claims no or low risk and I will question it.

https://glbse.com/asset/view/GIGAMINING ?

Do you see any claim of low or no risk? It sounds to me like you're fully exposed to the risk that ASICs will shoot the difficulty through the roof.

[Mosrite]

I just wanted to comment in this thread because I had an interesting thing happen to me today, I wanted to redeposit 50 BTC with ves, however he denyed my deposit because he considers his current volume large enough. I commend him for this and his foresight in knowing his own limitations. Micron can say whatever he wants, but from this day forward (and beforehand) I believe vescudero to be an honest business man, or at the very least, not a ponzi.

Straight from the Bernard L. Madoff playbook. "Not accepting new accounts/deposits at this time."

[dust]

Mining bonds at GLBSE offer even higher returns than Vescudero deposits, and nobody question them.

I admit perpetual bonds are not the same as deposits, but they probe those returns per week are possible without being a ponzi.

Mining bonds are expected to decrease in value over time, so this offsets the high interest payments.  They are also exposed to risks like new mining technologies becoming available.

I just wanted to comment in this thread because I had an interesting thing happen to me today, I wanted to redeposit 50 BTC with ves, however he denyed my deposit because he considers his current volume large enough. I commend him for this and his foresight in knowing his own limitations. Micron can say whatever he wants, but from this day forward (and beforehand) I believe vescudero to be an honest business man, or at the very least, not a ponzi.

Pirate did this too.

[flix]

I think they're scams, too. It is impossible to get risk-free 1.5% weekly interest, I don't care how good you are at "playing the market" or "choosing who to lend to."

Not really impossible.. it's just very difficult to do so consistently for more than a few months. I've witnessed first hand much higher rates of return for a 6 month period (then they crashed).

Of course if vescudero stops and returns the funds as soon as his arbitrage opportunity disappears, or his trading strategy stops working, assuming the last batch of losses himself, then this can work well for him as a reputation-building exercise. If he expects to do this indefinitely... then it'll probably end up as a ponzi, especially if he tries to cover any losses with more deposits.


So far I've received interest for 3 weeks,  am quite happy with this and think that it's legit. But caution is always advisable.

[flix]

Of course at 1.5% weekly, you would need this to last 67 weeks to recoup your investment...

[Micon]

I think they're scams, too. It is impossible to get risk-free 1.5% weekly interest, I don't care how good you are at "playing the market" or "choosing who to lend to."

Not really impossible.. it's just very difficult to do so consistently for more than a few months. I've witnessed first hand much higher rates of return for a 6 month period (then they crashed).

Of course if vescudero stops and returns the funds as soon as his arbitrage opportunity disappears, or his trading strategy stops working, assuming the last batch of losses himself, then this can work well for him as a reputation-building exercise. If he expects to do this indefinitely... then it'll probably end up as a ponzi, especially if he tries to cover any losses with more deposits.


So far I've received interest for 3 weeks,  am quite happy with this and think that it's legit. But caution is always advisable.

I have seen this line of thinking before.  It is important to understand there is no underlying business unit here - weekly interest only comes from new investment. 

Veescudero's "arbitrage opportunity" is a myth - think about it guys - there is only 1 exchange of any size.

[Fortega]

weekly interest only comes from new investment. 

Unless you can prove this, you should not use such statements.
Although I appreciate the fact that you are trying to warn people, you should say: 'I think this is a ponzi' or 'I strongly believe this is a ponzi' or 'If this is not a ponzi, I will give you all my money*', but not 'This is a ponzi'

*In case this turns out not to be a ponzi: 1FortegasBd9B255YygTEYTT7GXFjsfqii