BIB Guaranteed Term Deposits (CDs) 4-7% per 32 days [Availability: 0 BTC]

brendio (OP)

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BIB Guaranteed Term Deposits (CDs) 4-7% per 32 days [Availability: 0 BTC]

July 04, 2012, 01:08:47 PM
Last edit: August 07, 2012, 05:19:50 PM by brendio

#1

I am now offering, on a limited availability basis, term deposits (known elsewhere in the world as certificates of deposit, or CDs). My rates are as follows:

Term: 32 days

Minimum Deposit	Rate to maturity (per 32 days)
20 BTC	3 %
100 BTC	3.75 %
500 BTC	4 %
1000 BTC	6 %

Interest payable at maturity.
Availability: 0 BTC

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mollison

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Re: Brendio's Guaranteed Term Deposits (CDs)

July 04, 2012, 03:19:49 PM

#2

How would your CDs be affected by a pirate default?

brendio (OP)

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Re: Brendio's Guaranteed Term Deposits (CDs)

July 04, 2012, 04:10:18 PM

#3

Quote from: mollison on July 04, 2012, 03:19:49 PM

How would your CDs be affected by a pirate default?

They would be unaffected. CD deposits will be used for a range of investment opportunities. Moreover, I have other BTC investments I could liquidate, plus substantial liquid assets in fiat to cover what I am taking on many times over. I will not take on more guaranteed deposits than I am comfortable covering.

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mollison

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Re: Brendio's Guaranteed Term Deposits (CDs)

July 05, 2012, 04:42:34 AM

#4

Quote from: brendio on July 04, 2012, 04:10:18 PM

Quote from: mollison on July 04, 2012, 03:19:49 PM

How would your CDs be affected by a pirate default?

They would be unaffected. CD deposits will be used for a range of investment opportunities. Moreover, I have other BTC investments I could liquidate, plus substantial liquid assets in fiat to cover what I am taking on many times over. I will not take on more guaranteed deposits than I am comfortable covering.

This was a more-than-satisfactory answer to me, and in case anyone is wondering, I did make a deposit.

brendio (OP)

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Re: Brendio's Guaranteed Term Deposits (CDs)

July 09, 2012, 06:56:59 AM

#5

Quote from: mollison on July 05, 2012, 04:42:34 AM

Quote from: brendio on July 04, 2012, 04:10:18 PM

Quote from: mollison on July 04, 2012, 03:19:49 PM

How would your CDs be affected by a pirate default?

They would be unaffected. CD deposits will be used for a range of investment opportunities. Moreover, I have other BTC investments I could liquidate, plus substantial liquid assets in fiat to cover what I am taking on many times over. I will not take on more guaranteed deposits than I am comfortable covering.

This was a more-than-satisfactory answer to me, and in case anyone is wondering, I did make a deposit.

Confirmed. (And bumping. Wink

)

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brendio (OP)

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Re: BIB Guaranteed Term Deposits (CDs) 4-7% per 32 days [Availability: 0 BTC]

July 10, 2012, 12:31:41 AM

#6

I now have enough funds for the next couple of weeks at least. Thanks to those who've invested.

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mollison

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Re: BIB Guaranteed Term Deposits (CDs) 4-7% per 32 days [Availability: 0 BTC]

August 07, 2012, 06:07:51 PM

#7

Just wanted to report that brendio repaid my CD with interest, exactly as agreed. Thank you very much!