Quote from: ErebusBat on July 04, 2012, 04:18:19 PM

Quote from: payb.tc on July 04, 2012, 02:51:25 PM

following on from the previous post, i just want to make one point clear:

your investment is 100% exposed to BST as soon as you send it to me, regardless of where the outputs of your actual transaction get spent.

Correct me if I am wrong, but you are operating no different than traditional brick and moarter banks. They don't just keep deposits in their vault to swim around in, they invest it. Then as people make new deposits they use that to pay others withdrawals.

I think some people get stuck on the idea of 'my' coins rather than the amount of coin.

Actually....
Pirate has BST investment.
PayB.TC operates in that he puts our BTC with BST.

So, if BST fails, then all of our coins fails with it.

PayB.TC is basically offering a service in which he makes a little profit from our deposits. If BST were to open accounts in that we could all equally make a profit, then there would be no need for PayB.TC

BST wants to limit the amount of management of everyone wanting to deposit/withdrawal, etc. So, PayB.TC is doing them a service by being a middleman (so to speak).

And, when BST does open up accounts again in Aug, it will not make sense to anyone with smaller accounts, because the interest is lower. So, PayB.TC is again doing even a better service for everyone, because they get a higher rate than anyone trying to deposit directly with BST. (Even someone depositing 5500BTC still are not getting the rate PayB.TC is offering) Simply awesome.

And, PayB.TC is just trying to make it clear that everything hinges on BST (namely pirate) staying alive.
(Here's to your health pirate! - May you and BST live forever)
Edit: And you too PayB.TC :x