♔ RUSTYRYAN's 3.0% Weekly Term Deposits ♔

[RustyRyan]

♔ RustyRyan's 3.0% Weekly Term Deposits ♔
      Low Risk Weekly Term Deposits at  2.5 - 3.0% Interest. No compounding.

  
 
Current Availability: 704 BTC
Available Deposit Amounts: 10 - 200 BTC
Minimum Term Length: 4 Weeks
Deposit Options:

• 4+ Week Term: 2.5% Weekly Interest
  
  
• 8+ Week Term: 3.0% Weekly Interest

The current interest rates will be maintained until further notice.

*Weekly Term starts Monday at 00:00 UTC every week. Payouts are made on Sundays. New Deposits are taken anytime before start of weekly term. If Depositing before, keep in mind you won't start earning interest until the weekly term starts.
To Start:

1) PM me with the following:

• Deposit Amount
• Term Length to lock in deposit
• Repayment Bitcoin Address for your Interest Payments + Deposit Return

2) Send your deposit to the Deposit Address I give you

I reserve the right to return your deposit fully back to you under any circumstance with the appropriate interest for the current week.
What are coins used for?

• Short Term Investments
• Mining Operations
• Private Lending
• Trading

Why should I trust you?

• A current total cap of 2000 BTC is in place in helping to take only as many deposits as I am able to handle.
• Currently have a Credit Rating by PartrickHarnett on WPW (Who Pays What).
• As users receive weekly interest payments I ask of them to please confirm here on the forum as feedback.
• I earn trust one deposit at a time. I reward your trust with rather decent interest. In a few months I hope any doubt will clear.

A 25% reserve for total deposits (pro-rata) is kept protecting depositors against complete failure. Investments are always spread across the board to drastically reduce risk. This is a formality of course, but must be in place for the protection of my depositors. For the same reason, a "dead-man switch" is also in place.
Current Deposits:

Code:

Depositor:       Deposit Amount:      Weekly Interest Rate:      Term Length:      Deposit Return Date:
Eisenberg               200 BTC                       3.0%           8 weeks                 10/28/2012
Anonymous #6            200 BTC                       3.0%           8 weeks                 10/28/2012
LoweryCBS               200 BTC                       3.0%           8 weeks                 11/04/2012  
phantitox               161 BTC                       3.0%           4 weeks                 09/23/2012
Anonymous #3            100 BTC                       3.0%           8 weeks                 10/14/2012   
Anonymous #7             50 BTC                       3.0%          12 weeks                 11/25/2012
Anonymous #4             50 BTC                       3.0%           8 weeks                 10/28/2012
Anonymous #2             50 BTC                       3.0%           8 weeks                 10/14/2012
Anonymous #5             40 BTC                       3.0%           8 weeks                 10/28/2012
area                     40 BTC                       2.5%           4 weeks                 09/30/2012
oneoctet                 30 BTC                       3.0%           8 weeks                 10/28/2012
1Pakis                   30 BTC                       3.0%           4 weeks                 09/23/2012
"Flying Dutchman Fund"   20 BTC                       3.0%           8 weeks                 10/28/2012
Anonymous #8             20 BTC                       3.0%           8 weeks                 10/28/2012
cantor                   15 BTC                       3.0%           8 weeks                 11/04/2012
payb.tc                  10 BTC                       2.5%           4 weeks                 10/07/2012 
janosxj                  10 BTC                       3.0%           8 weeks                 11/04/2012
Soros Shorts             10 BTC                       3.0%           4 weeks                 09/23/2012
warmach                  10 BTC                       3.0%           8 weeks                 10/14/2012
Ocean6                   10 BTC                       3.0%           8 weeks                 10/14/2012
thirdlight               10 BTC                       3.0%           8 weeks                 09/23/2012
PatrickHarnett           10 BTC                       3.0%           8 weeks                 09/23/2012
softwareseller           10 BTC                       3.0%          12 weeks                 11/04/2012
zakariax                 10 BTC                       3.0%           4 weeks                 10/07/2012
-------------------------------------------------------------------------------------------------------
Total Deposits: 1296 BTC

Previous Deposits:

Code:

Depositor:       Deposit Amount:      Weekly Interest Rate:      Term Length:      Deposit Return Date:
Vorksholk               5.2 BTC                       3.0%           1 week                   8/5/2012
Anonymous #1             10 BTC                       3.0%           4 weeks                  9/2/2012
Onichan                  15 BTC                       3.0%           4 weeks                 09/16/2012
MoinCoin                 10 BTC                       3.0%           4 weeks                 09/16/2012  
-------------------------------------------------------------------------------------------------------
Total Deposits Returned (Principal): 40.2 BTC

If you do not want your deposit made public, just let me know.

What is displayed here on the OP is what you are depositing into. Details have and may continue to change as time goes on.

Comment or PM me with any other questions or concerns.

[1714030933]

1714030933

[PatrickHarnett]

Want to disclose the credit metrics for the WPW thread?  Read it first, then get in touch.

[Bitcoin Oz]

All deposits are fully insured by me.

This is the same as saying all deposits are not insured .

What is your collateral 

[Clipse]

I dont mind people starting loans but come on on, 7 posts and you allready go out and offer interest. o_0

[John (John K.)]

Do you have any previous rep/heatware or are you willing to disclose your identity for depositors?

[RustyRyan]

I dont mind people starting loans but come on on, 7 posts and you allready go out and offer interest. o_0

I appreciate the calmness. I am not as new to the forum as you may think. Yes I might have the same reaction towards someone else, but I made the decision to make whatever posts I have towards the future about this service, or actually contributing to the forum instead of attempting to climb to a level to simply satisfy people.

[Willowbitcoin]

I'm bored, Let me help you build trust with your depositors.

What's your full name ?
What country / state do you reside in ?
What's your facebook page ?
Can you post a pic of yourself handing a paper with your btc name on it ?

I imagine if you did the above, it will go along way in people accepting your low post count / new join date.


Or you could just ignore me... I don't mind. Like i said, im just bored. ( working late on a saturday does that )

[nimda]

I'm bored, Let me help you build trust with your depositors.

What's your full name ?
What country / state do you reside in ?
What's your facebook page ?
Can you post a pic of yourself handing a paper with your btc name on it ?

I imagine if you did the above, it will go along way in people accepting your low post count / new join date.


Or you could just ignore me... I don't mind. Like i said, im just bored. ( working late on a saturday does that )

Additionally...
How much Pirate exposure do you have?
Shoe on head?
Have you ever sold or bought anything for BTC and had the other person send first?
#bitcoin-otc rep?

Most important, though, is getting a credit rating from PatrickHarnett.

[RustyRyan]

While my name will probably be known through my ventures here, I'd prefer to not have it posted and searchable on the forum.
I reside in California, USA for those that would like to know.
I don't as of now have #bitcoin-otc or trading rep.
Pirate is not involved in my operation.
I log in with the same ip everyday, and do not plan on going anywhere. This is a reason to why I donated right at the beginning, but that doesn't prove anything/everything, I understand.
I can only provide the warranty the same way other deposit takers do, one deposit at a time. Thanks for stopping by.

-Ryan

[nimda]

Then I wish you good luck, and I highly advise you to visit this thread:

Who Pays What?

Read it over, send PatrickHarnett your details, and you'll be added to "New Deposit Takers." This is great for advertising. Then, send PatrickHarnett the data he needs for the Credit Rating. If you can get a good credit rating from him, I'll deposit with you, because I trust him a lot.

[BadBitcoin (James Sutton)]

Then I wish you good luck, and I highly advise you to visit this thread:

Who Pays What?

Read it over, send PatrickHarnett your details, and you'll be added to "New Deposit Takers." This is great for advertising. Then, send PatrickHarnett the data he needs for the Credit Rating. If you can get a good credit rating from him, I'll deposit with you, because I trust him a lot.

second this, I'm interested in depositing, however without any assurance from patrick that you are a reasonable risk, I'll be going elsewhere.

[PatrickHarnett]

Then I wish you good luck, and I highly advise you to visit this thread:

Who Pays What?

Read it over, send PatrickHarnett your details, and you'll be added to "New Deposit Takers." This is great for advertising. Then, send PatrickHarnett the data he needs for the Credit Rating. If you can get a good credit rating from him, I'll deposit with you, because I trust him a lot.

second this, I'm interested in depositing, however without any assurance from patrick that you are a reasonable risk, I'll be going elsewhere.

I have provided the pro-forma pm and details and Rusty has declined for now.  I have replied to him that it would probably be a good exercise for him to go through it anyway.

There are several others on the WPW list that have not responded, and I keep getting requests for recommendations about which ones I would trust or not.  I think that's a poll I could add to the thread, so will do that shortly.

[RustyRyan]

I have provided the pro-forma pm and details and Rusty has declined for now.  I have replied to him that it would probably be a good exercise for him to go through it anyway.

I've messaged you back regarding CR.

[PatrickHarnett]

I have provided the pro-forma pm and details and Rusty has declined for now.  I have replied to him that it would probably be a good exercise for him to go through it anyway.

I've messaged you back regarding CR.

Information received.  Rusty has provided some extra information that I think he should include in his OP regarding asset backing and BTC income.  Also, at this time, with no deposits or liabilities, the ratios are not useful (it's a chicken and egg situation).

[finkleshnorts]

_______________________________________________________________________________ _________

Why should I trust you?
-While starting up I have set the minimum deposit at only 1 BTC.
-All depositor's coins are 100% guaranteed and will not lose any funds due to any defaults.
-As users receive weekly interest payments I ask of them to please confirm here on the forum as feedback.

What are coins used for?
-Short Term Investments
-Market Arbitrage
-Bitcoin Projects
-Private Loans

Rusty, can you elaborate on this bit?

[RustyRyan]

This means I have set up the service so lenders are not at risk. I will make 3% interest payments for as long as possible. If for some reason I see in the future that I can not take any additional deposits because of risk then I will not, meaning I will not take what I can not handle. I have shared with PatrickHarnett (for Credit Rating) my BTC Reserve and BTC Monthly Income to back the deposit system.

[finkleshnorts]

This means I have set up the service so lenders are not at risk. I will make 3% interest payments for as long as possible. If for some reason I see in the future that I can not take any additional deposits because of risk then I will not, meaning I will not take what I can not handle. I have shared with PatrickHarnett (for Credit Rating) my BTC Reserve and BTC Monthly Income to back the deposit system.

I'm not sure this claim is valid unless you match your deposits in an escrow.

You can't guarantee yourself against your own default unless you have an escrow.

[Willowbitcoin]

Hi Rusty,

Your intentions may be good but if you expect people to invest thousands of dollars in you without even supplying a name / photo / some sort of identification while having such a recent join date then that's just not going to happen. Your short term success in attracting (big) depositors will be an uphill battle IMHO as people will just gamble their money with Pirate for the same risks at a much higher yield.

just trying to help

[RustyRyan]

Honest bob,

Well you asked me to elaborate, what I can tell you is how I will conduct my business, not much more. In the end it is always up to the lender's discretion when dealing with any deposit taker. I should have my credit rating posted by PatrickHarnett shortly on the WPW thread.

[finkleshnorts]

stuff

What you can tell me is how you guarantee your deposits in any meaningful way. Otherwise you will lose at least one potential depositor.

As it stands, your "guarantee" is wholly misleading (except that you're not misleading anyone on this forum).