I am glad to see some final date on all of this,
but I doubt it will be over that easily...
Understood. I am going as fast as I can. I appreciate that its annoying to have to wait, so I offered interest every week.
I am paying you weekly interest (at 4.25% annually), this will make sure I pay you back as soon as possible. The longer it takes me the more I have to pay you
-Charlie
Just my two cents that I think what is fair is paying that interest rate for as long as the debt has been delayed to be repaid. Meaning weeks prior to this should account as well if that was not your plan originally posted earlier today.
I think its fair if we start the day Bracek PM'ed me to ask for the remaining 60 BTC (from the 2 coins) on October 4th. Thats 5 days before this thread was created. That means we are currently 6 weeks in.
According to:
http://www.ginifab.com/feeds/compound_interest_calculator/?p=60&r=4.25&m=52.14&t=1&fv=62.60&rr=4.34So, 60
BTC at 4.25% annual compounding interest.
Year Weeks Starting Value Multiplier Interest Earned End Value
0 1 60.00 0.0815113156885 % 0.05 60.05
0 2 60.05 0.0815113156885 % 0.05 60.10
0 3 60.10 0.0815113156885 % 0.05 60.15
0 4 60.15 0.0815113156885 % 0.05 60.20
0 5 60.20 0.0815113156885 % 0.05 60.24
0 6 60.24 0.0815113156885 % 0.05
60.29Since I have paid back 24.7
BTC out of 60
BTC as of this morning, I currently owe:
60.29
BTC - 24.7
BTC = 35.59
BTC-Charlie
If you are paying interest and it will likely take a long time sell the two coins why don't you just send one of the 25 BTC coins back to braek to cover the majority of the rest of the debt?