Quote from: gweedo on April 05, 2013, 04:02:07 AM

Quote from: laffenlarry on April 05, 2013, 04:00:22 AM

Quote from: rusane on April 05, 2013, 03:57:49 AM

Quote from: laffenlarry on April 05, 2013, 01:06:04 AM

... and you can Earn INTEREST!

I am curious; how do you pay interest without engaging in fractional reserve lending or otherwise debasing the currency through the money multiplier effect? Doesn't this undermine Bitcoin's raison d'etre?

Not at all - ITS PART OF IT'S GREATNESS!

I suppose that I should point out - as we have touched on mining - that this forms part of our Returns Structure; Afterall - When we mine coins it's a little bonus for all of us! (But that's just one very small part - but it is a very real part of the system that allows us to provide interest payments!)

Thanks for your question!

So why you need donations if your mining? You only need 7.407BTC for $10,000

That's right it is - but until we have a dedicated team in place (which requires funding) and we have equipment (which requires funding) and we have a team that can Administrate that function of setting up a few rigs and go hardcore mining - we are only 3 people. Donations help us add: Hardware, Team Members, Software Purchases, Legal Consults, 3rd Party Professional Hires, and a multitude of other required parts to project.

I suppose if someone offered us $10'000.00 worth of TIME that would to just as good!

Thanks for your question!