Quote from: PatrickHarnett on September 02, 2012, 12:40:29 AM

Quote from: Micon on September 02, 2012, 12:36:50 AM

Quote from: JoelKatz on September 02, 2012, 12:15:20 AM

Quote from: TheOtherGuy on September 02, 2012, 12:05:23 AM

So Micon, what else would you have PatrickHarnett disclose to show it is not a ponzi?

Anything sufficient to do these four things would be enough for me:

1) Determine that claimed profits are in fact profits from investments.

Once again JoelKatz nails it.

I will say it plainly: I believe that PatrickHarnett is blatantly making up his statistics on number of loans, repayments, etc. To answer the question he would have to block-chain verify these transactions. When he posts his August stats, let's see some block-chain verified loan repayments & interest payments.

You mean like 6b92e6ad01b05c5a004a8425df2534d7465dcf9d11c78a139cf1813071f1cf15

or this receiving address: 1KSp4tdijUq4ghqWNmHBE9BiddqEGPLmHA

no, like all of these:

Quote from: PatrickHarnett

Total liabilities (Deposits + other commitments) = 13,500
Total assets (cash, BTC, investments) = 29,400
Net assets 15,900BTC

July 2012 activity (updated 1 August 2012)
- 14 loans repaid (approx 7800BTC)
- 32 loans current (approx 8800 BTC)
- 66 deposits (total approx 15400)
- deposits repaid during the month (at call) >3600

Total liabilities (Deposits + other commitments) = 19,700
Total assets (cash, BTC, investments) = 37,100
Net assets 17,400BTC

Also how much cash? BTC? what are "investments" ? can we see some Block chain verification, or real world verification on how this money is used to generate more monies?