[CLOSED] Imsaguy's PPT @ 7%

[imsaguy]

Waiting on the payout from pirate and then I'll disperse the funds.  If you've not given me a payout address yet, please pm it to me.

I am one of the few with a Trust Account.  As a result, I'm going to do what no other passthrough is doing:

I'll give you the full 7% beginning now.

Starting next dividend period, the new max rate from BTCST will be 5%.  As a result, I will be lowering interest rates accordingly.

If you're interested, send me a pm so we can coordinate the transition.


Edit:

Here's the quick and dirty, as suggested:

Deposit Level: 1k+
Interest Rate: 7%
Withdrawls Processed:  Negotiable, preferably monthly
Interest Paid: weekly
Deposits Accepted: Negotiable, preferably monthly
Compounding: allowed
Compounding Period: weekly
Insurance Coverage: Negotiable  This really is hard to price.  I'd suggest you research one of the other offerings if you're concerned about that.

 

[1714950429]

1714950429

[1714950429]

1714950429

[Philj]

Hmmm. Where did I put that extra 1k coins I had laying around.

[imsaguy]

you have my support if this true.

True Story.

[exahash]

That's right.. you can earn a full 7%/week on your coins.  Minimum investment is 1k coins for a period of 1 month.  If you're interested, send me a pm so we can coordinate the transition.

So withdraws are monthly?  Or only locked for the first month?

What about interest payments?  Weekly?  Or are you compounding and that's how you make money paying out 7%?

Is pirate going to have a way to just move coin from a retail account to a trust account?  Or would I have to withdraw, send to you, then you to him?

[ErebusBat]

That's right.. you can earn a full 7%/week on your coins.  Minimum investment is 1k coins for a period of 1 month.  If you're interested, send me a pm so we can coordinate the transition.

So withdraws are monthly?  Or only locked for the first month?

What about interest payments?  Weekly?  Or are you compounding and that's how you make money paying out 7%?

Is pirate going to have a way to just move coin from a retail account to a trust account?  Or would I have to withdraw, send to you, then you to him?

He makes 7% on his coins, but needs yours to get that rate at BST.  It is a pure pass-through.

[imsaguy]

That's right.. you can earn a full 7%/week on your coins.  Minimum investment is 1k coins for a period of 1 month.  If you're interested, send me a pm so we can coordinate the transition.

So withdraws are monthly?  Or only locked for the first month?

What about interest payments?  Weekly?  Or are you compounding and that's how you make money paying out 7%?

Is pirate going to have a way to just move coin from a retail account to a trust account?  Or would I have to withdraw, send to you, then you to him?

Interest payments are just how they are now.. they happen on Mondays.  You can either take the interest or reinvest it.   I'd like to coordinate withdraws with deposits as best as I can.  Its possible for me to get a .5% bonus if I can keep my balance somewhat stable over the course of the month. 

He makes 7% on his coins, but needs yours to get that rate at BST.  It is a pure pass-through.

This is accurate.  Its a pure passthrough and if I can keep the balance stable, I get the .5% bonus. 

[exahash]

That's right.. you can earn a full 7%/week on your coins.  Minimum investment is 1k coins for a period of 1 month.  If you're interested, send me a pm so we can coordinate the transition.

So withdraws are monthly?  Or only locked for the first month?

What about interest payments?  Weekly?  Or are you compounding and that's how you make money paying out 7%?

Is pirate going to have a way to just move coin from a retail account to a trust account?  Or would I have to withdraw, send to you, then you to him?

He makes 7% on his coins, but needs yours to get that rate at BST.  It is a pure pass-through.

Unfortunately it's more complicated than that.

I currently get weekly interest payouts from pirate.  I like that.  Pirate allows withdraws pretty much any time, I like that too.

If I want to continue receiving the 7% rate, I will have to go through guys with trust accounts big enough to get that rate.  The account provider is going to add extra t+c's.

I am asking to know the rest of imsaguy's t+c's.

Perhaps we could come up with a standard format for all the trust providers to disclose their terms.  e.g.

Deposit Level: 1k+
Interest Rate: 7%
Withdrawls Processed: monthly
Interest Paid: ?? (weekly | monthly?)
Deposits Accepted: ?? (daily | weekly | monthly | continuously)
Compounding: ?? (allowed | not allowed | mandatory)
Compounding Period: ?? (weekly | monthly | na)
Insurance Coverage: ?? (none | xx% | 100% )

[R-]

Oh so your helping hold up the Ponzi. That's great!

[imsaguy]

Oh so your helping hold up the Ponzi. That's great!

Please take this elsewhere.  This thread isn't a debate on the validity of pirate's operation.

[exahash]

Here's the quick and dirty, as suggested:

Deposit Level: 1k+
Interest Rate: 7%
Withdrawls Processed:  Negotiable, preferably monthly
Interest Paid: weekly
Deposits Accepted: Negotiable, preferably monthly
Compounding: allowed
Compounding Period: weekly
Insurance Coverage: Negotiable

I'll lend @ 10%/week to those who are short the 1kbtc minimum.

Doing the math, assuming you send me the first weekly payouts, you should recover your debt quickly.

I'm currently thinking of 100btc max per borrower, which you would be able to pay off with the first interest payment and part of the second.  I will charge weekly interest or slightly higher (2%?) per day, compounded daily based on principal minus any payments.  The daily rate will save you money if you have other sources of income or need a float for a day or two to get in, but cost you more over the long term (approx. 14.9%/week).

I will pay directly to imsaguy and we will confirm all contracts, expectations, and transactions with PGP/GPG.

Great idea! 

If you get too much demand and need extra bankroll hit me up.

[R-]

Oh so your helping hold up the Ponzi. That's great!

Please take this elsewhere.  This thread isn't a debate on the validity of pirate's operation.

"validity of pirate's operation."
Oh right, how irrelevant. Apologies.

[imsaguy]

Oh so your helping hold up the Ponzi. That's great!

Please take this elsewhere.  This thread isn't a debate on the validity of pirate's operation.

"validity of pirate's operation."
Oh right, how irrelevant. Apologies.

This thread is for people interested in a pirate pass through.  There are plenty of other threads for you to debate the validity.

[PatrickHarnett]

Oh so your helping hold up the Ponzi. That's great!

https://bitcointalk.org/index.php?topic=84113.0

your history follows you

[imsaguy]

Oh so your helping hold up the Ponzi. That's great!

https://bitcointalk.org/index.php?topic=84113.0

your history follows you

Quoted against edits:

Hello,
 I am aiming to find a member to refer me for an account with the Bitcoin Savings and Trust fund. I have several hundred/thousand BTC to pledge.

Regards.

ONE LAST TIME:  THIS THREAD IS FOR PEOPLE INTERESTED IN PIRATE PASSTHROUGH. 

[publio]

pass through of a pass through, anyone? 

[Jonny Heggheim]

ONE LAST TIME:  THIS THREAD IS FOR PEOPLE INTERESTED IN PIRATE PASSTHROUGH.

Reading these threads became much easier once I added "Vladimir" and "R-" to my ignore list. I have nothing against their view, but to spam each thread with off topic FUD is just annoying.

[Mageant]

How will you handle it if the balance is not stable?

Will you give up the .5% bonus or force withdrawals?

[danieldaniel]

How will you handle it if the balance is not stable?

Will you give up the .5% bonus or force withdrawals?

The .5% bonus is the profit for him, so I don't see why he would have to force withdrawals.  Plus, withdrawals will only make it more unstable.  XD

[imsaguy]

How will you handle it if the balance is not stable?

Will you give up the .5% bonus or force withdrawals?

I'd give up the .5% bonus.

[imsaguy]

If you want in now, I can handle you.  You just won't have access to the subaccount website until midmonth when Pirate makes it available.  PM for a deposit address.