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.
whats are your take on to what kind of service BCST is providing to its clients and therefore the risk exposure to your buiseness and that of your lenders?
Cheers Zyk
P.S. you mean if pirate goes bust you are free of returning principal ?
my take is that it works, so i don't really concern myself with trying to find out why it works. if pirate really wanted us to know, he'd tell us.
and yes i'm free of returning principal: your principal 'amount' is with BST.
an example of that would be let's say to start with i have 200 btc which i keep here:
BST wallet 100 i own 100% of these coins
My wallet 100 i own 100% of these coins
then, a bitcoinmax lender decides to invest 40 btc (sending it to MY wallet), the ownership changes immediately to:
BST wallet 100 i own 60 of these coins, and the bitcoinmax lender owns the other 40
My wallet 140 i own 100% of these coins
then if BST stops paying, i've lost 60 btc, and the bitcoinmax lender has lost 40 btc, even though the actual 40 bitcoins that he sent are still unspent in my own personal wallet.