A'ite, bear with me here, cause I'm struggling to follow your business plan. So no fractional reserve lending. Fair enough. Reading through you're other responses I've ascertained you (correct me if I am wrong) intend to pay interest by
- charging fees and returning a portion of that income as interest
- investing a portion of that income in real assets and commodities which you hope will appreciate in value and return some of the capital gains as interest
So to point one, the sum of all fees must exceed the sum of all interest, ergo your clients are net losers if we view point one in isolation. If we include point two, you are making the claim that real assets and commodities will gain value relative to bitcoin. That is another way of saying bitcoin will lose value relative to those assists/commodities.
The above being true, what your are counting on is (through your doing or the pressures of the market place) bitcoin will depreciate relative to goods and services. You will then arbitrage the difference and pay a proportion of that arbitrage to your clients. Meanwhile, your clients will have lost a (necessarily larger) portion in depreciated coin. So at best, you're cushioning the depreciation with interest. At worst, you've some scheme in mind to cause the depreciation. Either-way, it's not clear to me how your clients end up with more value over time, even if they end up with more coin.
I understood him as if he's not touching people's deposits and he's holding people's assets in Bitcoin and paying them out in Bitcoin there is no need to be valuing them in their exchange rate to to other currencies, i.e you deposit 1 BTC you withdraw 1.04 BTC after a years interest regardless of it's exchange rate in another currency.
Either way is really stupid for different reasons, as you've shown but it'd be nice if he'd clarify.
Due to the fluctuation nature of non-real value currency like crypto currency the sentiment posed is inaccurate.
A currency that is not linked to a Tangible Real Value Unit (liek Oil, or Gold, Or Wheat) has no value.
It would also subject our clients to Unknown Losses, which defeats the saving principle. As if the BitCoin devalued to BELOW the Fiat Exchange you chose we'd be happy to pay you less - but we woulndt' feel comfortable doing so.
We provide a way to associate to REAL Value, not Speculative Valuations.
Thanks for your comment!
The only way you can link the value of capital (i.e, your banks deposits) to a bundle of commodities is by investing that capital in those commodities. If you've got £1000000 of deposits it does not matter how much say, gold is worth unless you have bought £1000000 gold. Are you investing peoples deposits in commodities? No, you're investing fees in them.
You are labouring under the misapprehension that you are correct with your theory. And you are entitled to believe that which you have written. You would require knowledge of our structures to make any accurate conclusions. However, as you are not in possession of them, though we appreciate the comment, you are incorrect.
Thank you for your comment!
You are labouring under the misapprehension that you're standing up to even the most basic scrutiny. Deflecting any reasonable criticism or inquiry in the manner you're doing is unprofessional and embarrassing especially when its you who is asking us for money.
Thanks for your continued participation!
I am sorry that my not telling you the internal workings is upsetting you - however, that would strike me as more of a personal issue than associated to the operation of BGMCO.
You are entitled to your opinions, but the fact that we have clients weakens the positing of your sentiment.
The Structures and Foundations are sound - if you have not been able to see how it works and figure it out, I am sorry. I suppose it's beyond your comprehension -but that does not mean it is beyond ours.
Your comments also do not lessen the fact that it works, despite your resistance as to whether it can. We have proven the foundations over the past 12 months, they are valid, the returns are solid and as expected.
Thanks again for your participation!