RustyRyan (OP)
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Merit: 10
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July 28, 2012, 07:25:01 AM Last edit: September 16, 2012, 08:42:17 PM by RustyRyan |
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♔ RustyRyan's 3.0% Weekly Term Deposits ♔ Low Risk Weekly Term Deposits at 2.5 - 3.0% Interest. No compounding. Current Availability: 704 BTCAvailable Deposit Amounts: 10 - 200 BTCMinimum 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: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: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.
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PatrickHarnett
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July 28, 2012, 07:46:59 AM |
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Want to disclose the credit metrics for the WPW thread? Read it first, then get in touch.
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Bitcoin Oz
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July 28, 2012, 07:53:47 AM |
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All deposits are fully insured by me. This is the same as saying all deposits are not insured . What is your collateral
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Clipse
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July 28, 2012, 07:56:36 AM |
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I dont mind people starting loans but come on on, 7 posts and you allready go out and offer interest. o_0
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...In the land of the stale, the man with one share is king... >> ClipseWe pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
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John (John K.)
Global Troll-buster and
Legendary
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Activity: 1288
Merit: 1227
Away on an extended break
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July 28, 2012, 08:00:18 AM |
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Do you have any previous rep/heatware or are you willing to disclose your identity for depositors?
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RustyRyan (OP)
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Activity: 86
Merit: 10
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July 28, 2012, 08:02:19 AM |
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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.
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Willowbitcoin
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Activity: 114
Merit: 12
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July 28, 2012, 08:54:30 AM |
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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 )
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nimda
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July 28, 2012, 07:15:27 PM |
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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.
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RustyRyan (OP)
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Activity: 86
Merit: 10
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July 28, 2012, 07:54:13 PM Last edit: July 30, 2012, 11:27:17 AM by RustyRyan |
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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
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nimda
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July 28, 2012, 08:19:59 PM |
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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.
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BadBitcoin (James Sutton)
Donator
Sr. Member
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Activity: 452
Merit: 252
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July 28, 2012, 09:01:11 PM |
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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.
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PatrickHarnett
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July 28, 2012, 09:13:10 PM |
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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.
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RustyRyan (OP)
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Merit: 10
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July 28, 2012, 10:03:15 PM |
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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.
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PatrickHarnett
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July 28, 2012, 11:07:27 PM |
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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).
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finkleshnorts
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July 28, 2012, 11:07:55 PM |
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_______________________________________________________________________________ _________
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?
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RustyRyan (OP)
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Merit: 10
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July 29, 2012, 12:06:44 AM |
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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.
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finkleshnorts
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July 29, 2012, 12:09:22 AM |
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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.
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Willowbitcoin
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July 29, 2012, 12:19:48 AM |
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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
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RustyRyan (OP)
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Merit: 10
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July 29, 2012, 12:23:21 AM |
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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.
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finkleshnorts
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July 29, 2012, 12:32:39 AM |
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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).
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