What I wasn't aware of was OgNasty's involvement in it.
I insured user deposits so they didn't lose all their money when BS&T went belly up. Everyone was happy that was involved. I had no insider information or special relationship with pirate. This necro-bump is the result of another wave of trolling me with lies as payback for my outing
Vod's recent behavior. It probably should be deleted by mods, but who am I to try and stop the endless forum drama that has made this place such an entertaining soap opera.
He created a "penny" fund with the intention of offering that up when the ponzi collapsed. Then he was free to encourage people to deposit as much as possible for as long as possible, maximizing his scam.
LOYALTY REWARDS PROGRAM:
In order to reward larger depositors, I am introducing a Loyalty Rewards Program. Effective immediately, depositors with at least 250 BTC in deposits will automatically be enrolled into the program. For each completed interest rate period, depositors with 250+ BTC in deposits will be rewarded with a 1% interest rate increase per month. Depositors with 500+ BTC in deposits will be rewarded with a 2% interest rate increase per month. See below example.
Example:
250+ BTC deposited in April would receive a base rate interest payment on May 1st, +1% on June 1st, +2% on August 1st, etc.
500+ BTC deposited in April would receive a base rate interest payment on May 1st, +2% on June 1st, +4% on August 1st, etc.
Depositors who fall below the 250 BTC loyalty requirement will forfeit their previously earned rewards.
Depositors who fall below the 500 BTC loyalty requirement will have their previously earned rewards cut in half.
20% maximum monthly interest rate applies.
UPDATE:
Accounts holding 250+ BTC will now receive a flat 2% interest rate reward.