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Thanks!  That's a relief.
Should be all set now.
Suggestions / Fix the spam bomb that's going on currently in Off Topic?
« Last post by dr.everett on June 23, 2019, 09:38:14 PM »
It's making reading unread topics useless... ::)
Investors - LC / Re: LC loan quality shift April 2019
« Last post by MarinBB on June 22, 2019, 01:49:22 PM »

As a result of this, I've been transferring money out of my LC account.  Does no good to keep it there if I can't invest.

I have loosened my filters a bit, but this has not produced any significant improvement. 

I told LC they are driving retail customers away.  They deny it.  ...but it's true. 

My theory is that as their business shifts to mostly one of selling packaged products to banks, they are intentionally ramping down the note business.

Same story here. I relaxed my criteria about as far as I'm willing to go (tax-equivalent predicted yield roughly equal to muni bond ETF yield), but cash keeps piling up. I've been taking money out too.
Foliofn - LC / Re: Resources to start programming an secondary purchases via API?
« Last post by LiKenun on June 21, 2019, 10:07:00 PM »
I have a similar request, except Iíve already gotten most of my program off the ground: it can buy notes from the secondary market, list notes that Iím already holding, and get my account summary. However, I have not been able to successfully list my open buy/sell transactions. Going by the documentation, Iím supposed to connect to "". I get a 4xx error in my C# program. And when I tried to debug it in JavaScript (because debugging HTTP/JSON responses in C# is a pain in the ass for me), I got back this object:
Code: [Select]
  "errors": [
      "field": null,
      "code": "terms-of-use",
      "message": "Traffic from your IP address appears to be in violation of our terms of use. Your support code is  #####################. If you believe you received this message in error, please contact with your support code."
At first I though I had exceeded some limit, but it turned out I had already considered rate limits in my code. And according to another topic ( there is some secret API that I donít know about that can list these open transactions?
General Lending Club Discussion / Re: FTC Lawsuit update Casenet
« Last post by Casenet on June 13, 2019, 11:21:21 AM »
There were some negative comments that the judge made as well which were the basis to deny the motion to dismiss. She argued that lending club customers are "less sophisticated consumers than someone getting a jumbo mortgage" and that they might just scroll through the contract without reading it fully. source: mo casenet
General P2P Lending Discussion / FastInvest P2P Lending Platform
« Last post by peterk on June 12, 2019, 09:43:12 AM »
If you are interested in signing up with FastInvest they are running a promotion that is expiring tomorrow (13/06/2019). If you invest a minimum of Ä200 during the first 30 days from the registration and keep it invested for 90 days, you will get Ä10. If you are interested in the promotion you can find a referral link in my review of the platform here:
Investing - General (not P2P) / Interview with CBDO of Kriptomat
« Last post by HonestFIRE on June 12, 2019, 05:23:50 AM »
Has anybody heard of Kriptomat? They are running their STO currently.

I am glad that Dejan, one of the founders of Kriptomat, has agreed to share his thoughts with HonestFIRE blog readers. He has recently visited Lithuania and was presenting his company to potential investors.

Letís dig in.

How did you like your stay in Lithuania? 🙂

I live in Slovenia and I somehow felt like home. We both have so much green nature, kind people, passion for basketball and a language no one understands. You have more lakes, while we have mountains.

Your business is really young, you started just over a year ago. Are you happy with the progress so far?

This has been an amazing journey for us. If I was told last year that we will achieve this much, I would not believe it. In a period of just one year, we came from our very first registered user to a business that is almost entirely covering its costs. Weíve done an amazing job and Iím very proud of the results our team has accomplished.

Iím more than happy that we are after our next milestone of 50k registered users. We have a stable and trustworthy platform and all of our KPIs are showing great results.

Is customer support your main strength compared to the competitors (Coinbase or Kraken)?

Kriptomat was designed to bring digital currencies into every household and to enable anyone to buy, sell and use crypto. Kraken is our respected and reliable partner and is one of the leading trading platforms. They are there for people that know how to trade, not for retail-oriented people. If you go and try to buy bitcoin on Kraken or Kriptomat you will see the difference.

Coinbase is the market leader and we love what they are doing and how. We have learned a lot from them. We have things where we think we are different and, as or users say, also better. I believe the basic difference is the local approach we are focused on, while they focus on established markets.

This entire market is still to become an industry and there is enough space for all of us.

How do you expect crypto market fluctuations to affect the growth of Kriptomat? How do you expect next bear market to affect the exchangeís growth and sales?

Our business model is based on buy/sell transactions. Market up or down we still make business. When I see the biggest telecommunication company AT&T announcing they will start accepting cryptocurrencies as a payment method I expect crypto assets will have a much bigger impact in the future and we will not be talking about bear and bull.

But still, 2018 may have been a bear market for cryptocurrencies, but it was a great year for development as the cryptocurrency industry underwent rapid changes in regulation and stabilization. It was also a year of advertising bans and the year that cryptocurrencies made their foray into mainstream financial markets ó exciting yet turbulent times for the industry.

During the year we established the company, acquired licenses, developed a reliable and secure service, and worked on setting up the perfect environment for future growth. It made us productive and look for alternative solutions for the challenges we were facing.

I expect user acquisition and business results to continue with their growth. Once our offering is successful, Iím happy to know that our investors will benefit.

Would your mom or dad be able to buy bitcoin on your platform without your help? 🙂

15 years ago I was describing them what is the internet and how it works. They both said that it is too complicated and that they do not need that in their house. Today they both have smartphones with instant messaging apps, they use social media, they make video calls, they have wi-fi in their house, they watch smart-TV connected to the internet. All innovations face resistance to adoption and the same holds true for cryptocurrencies.

Our oldest user is over 80 years old and the average age of our users is above 40. They feel comfortable and safe using Kriptomat. My parents live in Slovenia and they would be able to open an account and buy bitcoin. There is no regulated all-in-one solution where they could buy it in the Slovenian language. So I believe the answer is yes, as soon as they become aware of its existence.

Part of your marketing, for example, your staff is described as wizards, seem to be aimed at gamers. Are they significant part of your users? Who is your main customer?

Looking at what our team has accomplished in the last 18 months I can easily say they are people with magical powers. We are pivoting in several different verticals and thanks to our strong partnership with the Enjin team, gaming is one of them.

At the moment the main part of our users is crypto newbies, followed by gamers and miners.

Paysera STO has been canceled due to slow funding. Do you see that risk with Kriptomat? Do you have a plan B if initial goal is not reached until June 22? Have you changed anything in the way you run your STO after failure of Paysera?

Iím really sorry Paysera management decided to revoke the issuance of the securities. I wouldnít say slow funding was the reason, but rather a combination of several reasons. Itís hard for me to comment on that.

Doing an STO is really hard and it requires a lot of resources. You can expect only more mature teams and companies taking this path. I personally love what digital securities are bringing to the finance world. Especially the fact that the world which used to be there only for established investors is now becoming available to everybody. I expect this to have a big impact on how people invest their funds and it will surely be a serious game changer. However, at the moment, there is almost no success story in the EU. This is a brand new thing, an innovation, and a lot more can still be done to educate people and will be done.

I see that people from the Crypto sphere find STOs boring, institutional investors think it is too early and waiting for the regulated secondary markets, while retail investors are somehow afraid and waiting what will happen.

We believe this is the right path for us and we are doing our best to make it happen. We will do everything we can to become ďthe ones that made itĒ. That is why we will be publishing some changes in our Offering document this week. Main changes are:

We are prolonging the time of the offering to be able to meet with investors, educate them, answer questions and build credibility on tokenized securities. The new end date will be September 27th, 2019. This means the offering ends once we reach the investment goal or the last day of the offering.
We are publishing audited financial projections and an investment simulator based on those numbers. This way we give our investors a chance to see the potential of their investment and make an educated decision. STOs are a heavily regulated thing, which is why we had to have all the business analytics audited before we were allowed to publish them live.
You distribute dividends to the investors from revenue starting January 2019. The investors take the investment risk as early as May 2018 and there is a gap of half a year. Why has it been chosen to do it this way? Do you think it is fair?

Yes, of course I know that is fair. Transparency and simplicity are two of the core values of our company. We wanted a payouts schedule to be logical, transparent, is good and makes sense for business and covers the ďwhat-ifĒ scenarios. The last two mentioned were the ones we based our decision on.

After the offering is over and we decide to issue the financial instrument it will take some time for us to actually start using the funds we collected. As it looks now, we will actually start using the funds in late October.

We are an experienced team and the ďwhat-ifĒ is something we always take into account. We knew there was a chance that we would need to prolong the offering period because it might take time to start using the funds, regulations might change, we might have other challenges during the offering, etc.

As it looks right now, we were right.

Kriptomat is not the first business you develop. I have personally used Platformax sales system and it was working smoothly. Is running a crypto exchange different to other business?

We have been together for over a decade and we are a great team that combines innovation, experience, freshness, expertise and great management skills.

Setting up a business like Kriptomat is a unique challenge. There are almost no standards to follow and the ecosystem is still being built. There are some operations that require truly special care and as we are handling our usersí value you need to set up operations with a huge responsibility. It is different like everything we did so far, but we love the challenges as we are seeing the results.

What is your short-term and long-term goal with Kriptomat?

Short term is to reach 0,5 million users, long term is to have 5% of the retail-oriented crypto exchange market.

One sentence answer please: why would a retail investor be interested in your project?

I believe itís one of a lifetime opportunity and the right timing to invest in an innovative start-up with an experienced team, working service with a proven business model with one of a kind dividends structure.

Full review can be found on HonestFIRE blog.
Investors - LC / Review of my lending club account
« Last post by JDII on June 11, 2019, 09:18:16 PM »
Hello everyone,

Had some issues with my email and had to create a new account.  The previous thread is located:,4828.0.html

A lot of you guys on here were very kind answering my questions prior to me signing up with Lending Club.  I'll try to give an update monthly or so.

I started buying loans on 09-14-17 and I've been adding several to my account weekly. 

Update as of 06.11.19

My Notes at-a-Glance      479

Not Yet Issued                    5
Issued & Current             387
In Grace Period                   0
Fully Paid                           67
Late 16-30                          0
Late 31-120 Days                6

Charged Off                         14

Adjusted Net Annualized Return   5.68%
Net Annualized Return                 11.66%
Weighted Average Age of Portfolio  10.8 months

My notes by grade are:

A  14.5%
B  65.3%
C  11.6%
D  6.8%
E   1.8%

I've been using LC picks (see other threads in the forum about them if you are unfamiliar) in order to pick which loans to invest in. My LC picks ranking is 69.1/82.

I don't work for LC picks nor am I family member or something.  I just wanted to be transparent about how I make my choices.

Thanks again for all who helped out in the past.
Borrowers - LC / Re: LOAN
« Last post by Jeanne1960 on June 11, 2019, 09:57:04 AM »
You need to make a loan:
Financing real estate loans
Investment loans
Car loan second mortgage
Personal loans
You're plugged banned Bank and you do not have the favor of
banks, or better, you have a project and need financing, a
bad record of credit or need money to pay bills,
Fund to invest in companies.
Our Organization is not a Bank and we need not
many of the documents.
Loan fair and honest and reliable. Then if you need loan
feel free to contact me to learn more about my conditions.
Please contact me directly by Email.
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