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Poll
Question: BS&T -- Are you staying or leaving?
I'm using a passthrough(s) and will continue to do so
I will make or already have an account which I will keep
I will have a Trust account
I am currently using a passthrough and will be withdrawing all funds from it
I currently have an account and will be withdrawing all funds from it
I am currently using a passthrough and will be withdrawing some funds from it
I currently have an account and will be withdrawing some funds from it
What kind of idiot would trust their money with that guy?
Idk show me what others said.

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.

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Author Topic: BS&T -- Are you staying or leaving?  (Read 22759 times)
Garr255
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What's a GPU?


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July 03, 2012, 06:59:47 AM
 #1

Just a poll...
The interest rates are going to decrease substantially on August 1st.

Hopefully this will give pirate a better idea of what will happen.

Please share your reasoning for the choice you are making as well.


Savings Account - All savings accounts are changing on 08/01/2012. (see below)
Savings accounts are maintained by BS&T directly and pay interest on the average balance.
  • Changes effective 8/01/2012
    • Fixed Interest Rate: 3.9%
    • Minimum: 100 BTC
    • Maximum: 5000 BTC

  • Current Weekly Interest Rates
    • > 100 BTC  4.2%
    • > 500 BTC  5.6%
    • > 2000 BTC  7.0%
      Note: Interest rates are based on a seven day average balance from Monday 12:00am to Sunday 11:59pm CST. Rates are subject to change with notice.

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finkleshnorts
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July 03, 2012, 07:25:26 AM
 #2

I withdrew all funds tonight, because I don't want anyone absconding with my hard-earned principal.
bitdragon
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peace


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July 03, 2012, 07:29:51 AM
 #3

I just added a bit more. It may be the last month at 6.9% weekly with profits reinvested Smiley
And then I will switch to withdrawing interest weekly.
I will open a savings account and maintain my current passthroughs.

Stephen Gornick
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July 03, 2012, 07:53:37 AM
 #4

Just a poll...
The interest rates are going to decrease substantially on August 1st.

I don't have a dog in this fight ... but this post of Vandroiy's was worth reading :

First-Hand telling of an online Ponzi: Eve Online's Currin Trading

 - http://bitcointalk.org/index.php?topic=91214.0

Azelphur
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July 03, 2012, 01:17:09 PM
 #5

Staying, and I'm gonna drop some more money in so I can get the most interest for the longest time possible Smiley
BadBitcoin (James Sutton)
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July 03, 2012, 01:46:22 PM
 #6

Centralized depositing is probably the worst thing we could do as a community, if I remember correctly from a discussion last night on #bitcoin-otc, 1% of the entire bitcoin economy has cash in passthroughs, not even direct trust accounts. BS&T is turning into the DeepBit of the bitcoin banking world, we need to change or else a pirate default could spell the end to bitcoin as we know it.

Take a look at my  machine learning/economics/engineering blog!
www.learningann.wordpress.com
runlinux
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July 03, 2012, 01:54:36 PM
 #7

I am sticking around.

danieldaniel
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July 03, 2012, 01:59:38 PM
 #8

Staying with bitcoinmax.

zerokwel
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July 03, 2012, 02:42:43 PM
 #9

Staying and sticking more into it... Win big or jump off a roof Smiley
Maged
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July 03, 2012, 03:17:39 PM
 #10

Staying and sticking more into it... Win big or jump off a roof Smiley
When the ponzi collapses, I won't feel bad for you at all. If you want to waste your money, fine, just don't invest more than you can lose and still be happy -- because you WILL lose.

zerokwel
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July 03, 2012, 04:26:42 PM
 #11

Staying and sticking more into it... Win big or jump off a roof Smiley
When the ponzi collapses, I won't feel bad for you at all. If you want to waste your money, fine, just don't invest more than you can lose and still be happy -- because you WILL lose.

I am at the point now what ever I put into it has cost me nothing so worst case my losses are covered. Best case I make money. Up to a point

BUT I do agree with Maged any investment/Lending money to friends etc. Don't invest more than you can afford to loose. But not that I am saying that will happen. It might it might not 
hazek
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July 03, 2012, 10:47:05 PM
 #12

The main thread just got locked, hmm?

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
imsaguy
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Don't send me a pm unless you gpg encrypt it.


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July 03, 2012, 10:48:27 PM
 #13

The main thread just got locked, hmm?

Because you trolled it to death with unoriginal comments.

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
hazek
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July 03, 2012, 10:50:32 PM
 #14

The main thread just got locked, hmm?

Because you trolled it to death with unoriginal comments.

If that's what you call a smoking gun I revealed, sure..

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
imsaguy
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July 03, 2012, 10:56:07 PM
 #15

The main thread just got locked, hmm?

Because you trolled it to death with unoriginal comments.

If that's what you call a smoking gun I revealed, sure..

So I guess that means you're willing to call him a liar and a scammer to his face? https://bitcointalk.org/index.php?topic=91252.msg1004534#msg1004534

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
hazek
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July 03, 2012, 11:03:45 PM
 #16

The main thread just got locked, hmm?

Because you trolled it to death with unoriginal comments.

If that's what you call a smoking gun I revealed, sure..

So I guess that means you're willing to call him a liar and a scammer to his face? https://bitcointalk.org/index.php?topic=91252.msg1004534#msg1004534

If you pay for my trip to Vegas, sure.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
Serge
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July 03, 2012, 11:44:24 PM
 #17

The main thread just got locked, hmm?

one point tho from that thread, you are inclining that he said he is at risk when btc value raises; in reality pirate said he is exposed to risk during rapid price increases - and even that probably conditioned with short periods of time when he is on USD side and doesn't apply to being always at risk during fast price increases (and we haven't seen those increases often recently in several month)
hazek
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July 03, 2012, 11:56:06 PM
 #18

You're not making any sense.

Exchange rate is up ~30% in the last 30 days or so, it shot up almost 20% in a mater of 4 days, how is this not the risk event he says he is sacrificing his profits for when hedging by using other people's money instead of his own?

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
Serge
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July 03, 2012, 11:57:54 PM
 #19

You're not making any sense.

Exchange rate is up ~30% in the last 30 days or so, it shot up almost 20% in a mater of 4 days, how is this not the risk event he says he is sacrificing his profits for when hedging by using other people's money instead of his own?

by fast increase i think pirate meant something like 10-20-30% increase withing minutes maybe hours, not days
lomax
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July 04, 2012, 12:11:51 AM
 #20

If you pay for my trip to Vegas, sure.

Where do you live?

I'm willing to contribute towards your travel costs as I'm sure others would if it would help you to shut the fuck up.
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