When I posted the bad news about Ginko, I did not expected to post again on this topic so soon... but Ginko again announced a reduction of the daily interest rates on the savings accounts, which do now pay 0.01% daily. This is 10 times less than three days ago, and 13 times less than one week ago !
Apparently the process is speeding up...
Showing posts with label troubles. Show all posts
Showing posts with label troubles. Show all posts
Friday, August 3, 2007
Thursday, August 2, 2007
Bad news from Ginko again - Oops
The following text is an extract from the Ginko website.
"Please be aware, your withdrawal limit will show as L$0 if there isn't enough available to withdraw. Alternately, it will show you how much you can withdraw given the current reserve available, up to L$5,000 per day. This is a temporary implementation."
Not enough available to withdraw ?
How bad is that ? Ok, they give you tons of warnings when you open your account, and they state there are no guarantees, and so on. Anyway, that sounds bad, especially as this morning, the ATM said my limit is zero !
The website also mentions robots being used to withdraw, which is illegal. But if people was their money back so madly, that's not exactly good sign.
To be able to follow the story, here are present values from the Ginko statistics:
Total in savings deposits: L$154,962,383
Total in term deposits: L$35,223,381
Accounts created in the last 7 days: 322
We will see in the next days if there will be a Ginko collapse or if they will survive. So a few questions to you now. Do you think Ginko will go bankrupt ? Do you use them, and if yes, what is your plan ? Withdraw as much as you can, or do you maintain your trust ?
"Please be aware, your withdrawal limit will show as L$0 if there isn't enough available to withdraw. Alternately, it will show you how much you can withdraw given the current reserve available, up to L$5,000 per day. This is a temporary implementation."
Not enough available to withdraw ?
How bad is that ? Ok, they give you tons of warnings when you open your account, and they state there are no guarantees, and so on. Anyway, that sounds bad, especially as this morning, the ATM said my limit is zero !
The website also mentions robots being used to withdraw, which is illegal. But if people was their money back so madly, that's not exactly good sign.
To be able to follow the story, here are present values from the Ginko statistics:
Total in savings deposits: L$154,962,383
Total in term deposits: L$35,223,381
Accounts created in the last 7 days: 322
We will see in the next days if there will be a Ginko collapse or if they will survive. So a few questions to you now. Do you think Ginko will go bankrupt ? Do you use them, and if yes, what is your plan ? Withdraw as much as you can, or do you maintain your trust ?
Monday, July 30, 2007
No camping today
SecondLife is still experiencing major troubles, apparently related to the last update and the introduction of the voice client. The official SL blog is permanently announcing trouble, but not a lot of problems solved.
Today I had problems with money transfer, making camping useless, and teleport did not worked, so I could not go anywhere. The mood of the group was quite bad, as we are all facing the same problems. Some even filled problem reports to LindenLab.
I will make a new attempt later on, but for the time being, there is nothing to be done.
Today I had problems with money transfer, making camping useless, and teleport did not worked, so I could not go anywhere. The mood of the group was quite bad, as we are all facing the same problems. Some even filled problem reports to LindenLab.
I will make a new attempt later on, but for the time being, there is nothing to be done.
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