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Author Topic: Dank Bank Deposits - dank's soul is claimed! - New music Nov 30th  (Read 112117 times)
AndrewBUD
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I will Squirt you with this sprinkler :)


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August 19, 2012, 05:32:00 PM
 #161

That would be cool... Senbonzakura does a great service.... Smiley
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Matthew N. Wright
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August 19, 2012, 06:44:45 PM
 #162

Dank, what are your thoughts on pirate? Do you think it's a ponzi?

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August 19, 2012, 07:00:48 PM
 #163

Dank, what are your thoughts on pirate? Do you think it's a ponzi?
I think it's possible, I can't say yes or no since it's not mine. It's also possible he found a profitable venture, like I did.

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Dankmusic - Hear the impossible, feel the impossible, be the impossible dankmusic.org dankcoin.org
AndrewBUD
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August 20, 2012, 12:22:06 AM
 #164

Like Silkroad?


IMO he is DPR (Dread Pirate Roberts) Tongue



I am partially mental though, I even have a certificate Cheesy j/k
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August 20, 2012, 04:58:39 AM
 #165

Like Silkroad?


IMO he is DPR (Dread Pirate Roberts) Tongue



I am partially mental though, I even have a certificate Cheesy j/k
I wouldn't doubt it. I think I would be able to invest a few million dollars of deposits better though.

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Dankmusic - Hear the impossible, feel the impossible, be the impossible dankmusic.org dankcoin.org
mindphlux
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August 21, 2012, 07:05:48 AM
 #166

I thought maybe I should share this. This 3-4.2% got my highly suspicous and I wanted to find out what the deal is, and how he can talk abut fully insured when he has no insurance nor collateral at all.

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Dear Dank,

I saw your announcements in the Lending subforum and might be interested in a 1000+ BTC deposit.

Please explain how you can sustain such high interest.

Please also explain to me how you guarantee the principal from your own default and please outline how much reserves you provide as collateral at some trusted community member.

Also, a written contract would be a must have for me.

Best Regards
mindphlux

Quote
Hey there, I'm glad you're interested in investing.  The interest is sustainable because I know how much and how fast I can grow in size.  I may lower the interest for new deposits one day, or stop taking new investments alltogether. I can't guarantee I will be able to sustain it forever, but I would make my best attempt to pay out interest for as long as possible.  I think the plans of mine should allow for payments over a decade and probably further.  If for any reason I am unable to continue interest payments, without cutting into the reserve funds, I would return the principle in full.

I prefer not to explain explicityly how I generate the profit I do, but I can tell you I have many ideas for expansion that will allow for evergrowing revenue, upwards to 10 million dollars+.  I'm sure by that point I will have thought of new concepts to bring in higher amounts.

The current investments I make offer extremely high return rates, upwards of 500-1000%. It wouldn't take me long to come up with a reserve covering all of my investors, perhaps two to three months or so.  Due to the fact I manage all of my investments myself, I foresee no way I could end up defaulting, I'm going to grow until I burst (in a good sense, of course).

Would you like to write the contract or shall I?  If you have anymore questions, feel free to ask.

Thank you again in your interest to support my ventures,
Dank

Quote
Hi,

You have not answered my questions.

It is not enough that you don't think you will default, but you need to provide a way for the deposit to be covered in case you do. Either via a collateral at some trusted community member (perhaps Patrick or Ineededausername?) or yourself insured at CPA.

This is the only way I would invest substantial amounts into your "bank". Every other deposit taker that is handling larger amounts is doing that.

Best regards
mindphlux

Quote
To be honest, it does not bother me if you don't want to invest. I have given you my word that you won't lose your principle and it's up to you to trust me or not.

If you feel more comfortable starting with a lower deposit, that's fine as well.

Regards,
Dank

Sounds a little fishy to me. Won't answer my questions and can't provide details on his "insurance", hence I suspect there's none. Would definitely try to avoid it.

-mindphlux
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August 21, 2012, 07:20:33 AM
 #167

What is insurance other than something to help comfort you?  If my word is not enough insurance, very well, try someone who offers something more comforting to you.  The fact is, no matter who says what, you don't know if they're even who they say they are.  If you can trust other members with collateral but not a man who gives you his word, perhaps you have problems with trust.

Dank Bank is fully insured in the sense that it will not default, period.  You can take your 1000 BTC elsewhere for a lower rate or you can try having faith in someone for once.

Oh, and at least I don't post private conversations on a public forum.

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Dankmusic - Hear the impossible, feel the impossible, be the impossible dankmusic.org dankcoin.org
Matthew N. Wright
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August 21, 2012, 07:21:33 AM
 #168

What is insurance other than something to help comfort you?  If my word is not enough insurance, very well, try someone who offers something more comforting to you.  The fact is, no matter who says what, you don't know if they're even who they say they are.  If you can trust other members with collateral but not a man who gives you his word, perhaps you have problems with trust.

Dank Bank is fully insured in the sense that it will not default, period.  You can take your 1000 BTC elsewhere for a lower rate or you can try having faith in someone for once.

Wait, so you're advertising yourself as being full insured but what you mean is you promises nots to steals teh moneys? You've got to be kidding me.

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August 21, 2012, 07:25:19 AM
 #169

No, I believe someone who is trustworthy is a lot better than someone who says they'll rely on others to prove their worthiness of trust.

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Currently seeking plot of land to host 1,000,000+ person music festival
Dankmusic - Hear the impossible, feel the impossible, be the impossible dankmusic.org dankcoin.org
Matthew N. Wright
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August 21, 2012, 07:26:24 AM
 #170

What is insurance other than something to help comfort you?  If my word is not enough insurance, very well, try someone who offers something more comforting to you.  The fact is, no matter who says what, you don't know if they're even who they say they are.  If you can trust other members with collateral but not a man who gives you his word, perhaps you have problems with trust.

Dank Bank is fully insured in the sense that it will not default, period.  You can take your 1000 BTC elsewhere for a lower rate or you can try having faith in someone for once.

Wait, so you're advertising yourself as being fully insured but what you mean is you promises nots to steals teh moneys? You've got to be kidding me.

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August 21, 2012, 07:42:05 AM
 #171

Shockingly, I think you're missing the point. It doesn't matter if you don't steal people's money. You're claiming that your deposits are 100% insured, but you don't actually have any insurance. Your "insurance" is that you're too awesome to fail at whatever it is you're doing, and that people should just trust you. What you do (whatever that is) is your normal business activity, the insurance is there to protect investors in case you lose money. Saying that you won't lose money simply isn't insurance.

BTW - Are your vocal and guitar skills as awesome as Nickleback yet? I'm looking forward to my new house.
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August 21, 2012, 08:02:09 AM
 #172

Shockingly, I think you're missing the point. It doesn't matter if you don't steal people's money. You're claiming that your deposits are 100% insured, but you don't actually have any insurance. Your "insurance" is that you're too awesome to fail at whatever it is you're doing, and that people should just trust you. What you do (whatever that is) is your normal business activity, the insurance is there to protect investors in case you lose money. Saying that you won't lose money simply isn't insurance.

BTW - Are your vocal and guitar skills as awesome as Nickleback yet? I'm looking forward to my new house.
My voice is better than Nickleback's. Guitar skill is increasing now that I have one to play.

13oZY8zzWEp48XZpEEi8zSkYJF5AWR2vXc DMhYmNzMnU2Avgu7sF3GSDybHumj8XH8V8
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markm
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August 21, 2012, 08:07:20 AM
 #173

Our private message conversation made it clear to me that it isn't even about trusting you to pay your debts when your grand plans fail, it is about your grand plans being impractical.

For example the massively lucrative hosting business. I have created an ISP in the past, I have run an ISP from my home. If as you claimed a 5% budget for marketing should bring in enough customers then how are you doing so far as an affiliate selling hosting to prove you can in fact do the marketing end of things? Actually if you check out the online marketing forums (NetMarketingForum dot com for example) you will soon see how awesomely lucrative online marketing can be, so hey if in fact you are as capable as you claim or imagine yourself to be you should have no problem raising your startup capital for anything actually requiring startup capital just by doing affiliate marketing.

You need not even limit yourself to marketing hosting either, as you build your "list" you can market anything to them, plus if you take the approach of convincing marketers that effective marketing requires a website you can recruit marketers under you, selling them hosting and mailing-list offers, which is just part of how the bigwig marketing guys do it.

So... our conversation was long ago now. How much stuff have you managed to sell so far?

If you can't sell stuff, your grand plans are pretty much dead on arrival...

-MarkM-

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unclescrooge
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August 21, 2012, 08:14:28 AM
 #174

Thanks for the laugh Dank, I love your thread.

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August 21, 2012, 08:27:10 AM
 #175

Our private message conversation made it clear to me that it isn't even about trusting you to pay your debts when your grand plans fail, it is about your grand plans being impractical.

For example the massively lucrative hosting business. I have created an ISP in the past, I have run an ISP from my home. If as you claimed a 5% budget for marketing should bring in enough customers then how are you doing so far as an affiliate selling hosting to prove you can in fact do the marketing end of things? Actually if you check out the online marketing forums (NetMarketingForum dot com for example) you will soon see how awesomely lucrative online marketing can be, so hey if in fact you are as capable as you claim or imagine yourself to be you should have no problem raising your startup capital for anything actually requiring startup capital just by doing affiliate marketing.

You need not even limit yourself to marketing hosting either, as you build your "list" you can market anything to them, plus if you take the approach of convincing marketers that effective marketing requires a website you can recruit marketers under you, selling them hosting and mailing-list offers, which is just part of how the bigwig marketing guys do it.

So... our conversation was long ago now. How much stuff have you managed to sell so far?

If you can't sell stuff, your grand plans are pretty much dead on arrival...

-MarkM-

The thing about marketing is that I prefer to tell the truth while most consumers want to hear what they want to here.

Regardless, Dank Bank has fulfilled it's purpose and I could care less if I don't add anymore depositors to the list.

13oZY8zzWEp48XZpEEi8zSkYJF5AWR2vXc DMhYmNzMnU2Avgu7sF3GSDybHumj8XH8V8
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Dankmusic - Hear the impossible, feel the impossible, be the impossible dankmusic.org dankcoin.org
Ocean6
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August 21, 2012, 12:23:59 PM
 #176

This get's more and more comical, and more and more tragic as time goes on.

Has anyone reached out to this boy's parents to let them know what he is doing?

If (when) this goes down, if he is a minor, they will be responsible for his financial mistakes.

Life is What you Make it!
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August 21, 2012, 12:28:03 PM
 #177

Our private message conversation made it clear to me that it isn't even about trusting you to pay your debts when your grand plans fail, it is about your grand plans being impractical.

For example the massively lucrative hosting business. I have created an ISP in the past, I have run an ISP from my home. If as you claimed a 5% budget for marketing should bring in enough customers then how are you doing so far as an affiliate selling hosting to prove you can in fact do the marketing end of things? Actually if you check out the online marketing forums (NetMarketingForum dot com for example) you will soon see how awesomely lucrative online marketing can be, so hey if in fact you are as capable as you claim or imagine yourself to be you should have no problem raising your startup capital for anything actually requiring startup capital just by doing affiliate marketing.

You need not even limit yourself to marketing hosting either, as you build your "list" you can market anything to them, plus if you take the approach of convincing marketers that effective marketing requires a website you can recruit marketers under you, selling them hosting and mailing-list offers, which is just part of how the bigwig marketing guys do it.

So... our conversation was long ago now. How much stuff have you managed to sell so far?

If you can't sell stuff, your grand plans are pretty much dead on arrival...

-MarkM-

The thing about marketing is that I prefer to tell the truth while most consumers want to hear what they want to here.

Regardless, Dank Bank has fulfilled it's purpose and I could care less if I don't add anymore depositors to the list.

Grow up son, you are NOT telling the truth!

Life is What you Make it!
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August 21, 2012, 01:01:12 PM
 #178

Why the double standard against dank?  Many PPT offered "insured" payouts.  SHOCKING REVALATION: they weren't insured.  

Now I am not endorsing dank I just think it is funny this is the first time people realize that "insured" in HYIP doesn't really mean anything.  It never has.  Not a single "insured" offering on this forum has any insurance.

Hell I personally signed as a guarantor for my company debt as it offers less risk for lenders.  The can collect from the company, a registered LLC or from me personally, which is far better "insurance" than anything offered by an "insured" borrower.  However I didn't call it insurance because it isn't insurance.  It is a guarantor nothing more. 
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August 21, 2012, 01:56:30 PM
 #179

Insurance question apply to all kinds of deposits, but the main thing is that some one shares the risk with person, and that cant be the person to who u deposit, because he should be insuring persons funds by default, thats the main thing of depositing...
In case of pirate, goat is buying back, but we payed very high price for it and in case pirate pays back he`ll almost double his investments.

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August 21, 2012, 03:24:52 PM
 #180

This get's more and more comical, and more and more tragic as time goes on.

Has anyone reached out to this boy's parents to let them know what he is doing?

If (when) this goes down, if he is a minor, they will be responsible for his financial mistakes.
Yeah, except it's not. I've made the amount I needed, the rest is frosting on the cake.

Thanks senbon, and DeathAndTaxes, that was what I was going for.

If you want to donate for a good cause, invest in Dank Bank. You don't know what I'm doing with you're money now, but one day you will. Otherwise, don't.

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Currently seeking plot of land to host 1,000,000+ person music festival
Dankmusic - Hear the impossible, feel the impossible, be the impossible dankmusic.org dankcoin.org
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