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Title: [BTCjam] Peg some payments to mtgoxusd. [ 5.21 BTC ] (5x13) 65% APR Post by: weenfan on March 27, 2013, 09:15:50 AM <EDIT> Upped the interest rate to 5%. 65% APR.. 2 BTC interest for 5.21</EDIT>
https://btcjam.com/listings/2957 I Just need to lock in the difference between payments to and from me on BTCjam to the mtgoxusd rate. :) Sorry for the mess with loan postings here .. This seems to be a more realistic goal. :) Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: weenfan on March 28, 2013, 11:00:49 AM I need this funded .. BTC is going sky high .. need help locking my BTCjam folder down .. :)!
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: weenfan on March 29, 2013, 09:30:24 PM https://btcjam.uservoice.com/forums/175861-general/suggestions/3796718-provide-a-way-to-convert-to-mtgoxusd-mode-after-lo
This should help things :) Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: weenfan on March 30, 2013, 02:46:19 AM I hope to get this funded before $100 hits!
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: 🏰 TradeFortress 🏰 on March 30, 2013, 03:51:42 AM Are you seriously going to try this forever?
Nobody sane is going to loan it at this interest rate, Bitfinex's current USD interest rate is 168.3%/year. Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: astanix on March 30, 2013, 04:05:36 AM Such a terrible interest rate to offer, especially tied to mtgox.
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: weenfan on March 30, 2013, 08:25:56 AM That's why we need ..
https://btcjam.uservoice.com/forums/175861-general/suggestions/3796718-provide-a-way-to-convert-to-mtgoxusd-mode-after-lo I keep lowering the amount .. what interest rate do you suggest for the 5.32 BTC ?? Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: 🏰 TradeFortress 🏰 on March 30, 2013, 11:19:39 AM That's why we need .. That is not what we need, lenders agreed on a repayment amount, and that is in BTC.https://btcjam.uservoice.com/forums/175861-general/suggestions/3796718-provide-a-way-to-convert-to-mtgoxusd-mode-after-lo I keep lowering the amount .. what interest rate do you suggest for the 5.32 BTC ?? Try buying some mpoe calls on CoinBr. Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: weenfan on March 30, 2013, 12:10:59 PM In that feature I included a vote so the lenders can decide if they want to let the borrower off the hook. I know it was naive of me to expect BTC to remain in the $10-$30 range. I'm just turning through options here. All my BTCjam listings are backed only by my own personal income which made sense in the $10-$30 range of BTC. What happens if BTC goes to $1000? .. where is that fine print at? I'm an individual not an HYIP and I never made the claim to be.
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: weenfan on March 30, 2013, 12:44:29 PM https://btct.co/security/S.MPOE-PT It's here too ..
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: weenfan on March 30, 2013, 01:12:00 PM So looking back the point of getting BTC lent to me was to use them to make more BTC and outpace the payments. I get it now.
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.21 BTC ] 65% apy Post by: weenfan on March 30, 2013, 08:29:43 PM I raised the interest rate to 5% per monthly payment. This should make it more attractive to lenders.
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: astanix on March 30, 2013, 08:50:13 PM In that feature I included a vote so the lenders can decide if they want to let the borrower off the hook. I know it was naive of me to expect BTC to remain in the $10-$30 range. I'm just turning through options here. All my BTCjam listings are backed only by my own personal income which made sense in the $10-$30 range of BTC. What happens if BTC goes to $1000? .. where is that fine print at? I'm an individual not an HYIP and I never made the claim to be. So as a borrower if you borrow 10 btc at $30 and it goes up to $90 and you didn't peg it to MTGOXUSD, you claim to be getting fucked. As a lender if I loan you 10 btc at $90 and it drops and you repay it at $30 I'm fucked either way. This is the perils of the btcjam system, there definitely shouldn't be a way to change the loan AFTER it is funded. I loan BTC out on btcjam in the hopes that it will rise, if the value falls, it's pointless to me. Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.32 BTC ] Post by: Vod on March 30, 2013, 08:52:28 PM In that feature I included a vote so the lenders can decide if they want to let the borrower off the hook. I know it was naive of me to expect BTC to remain in the $10-$30 range. I'm just turning through options here. All my BTCjam listings are backed only by my own personal income which made sense in the $10-$30 range of BTC. What happens if BTC goes to $1000? .. where is that fine print at? I'm an individual not an HYIP and I never made the claim to be. Well, the obvious question is why did you borrow BTC if you actually wanted cash? Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.21 BTC ] (5x13) 65% APR Post by: weenfan on April 11, 2013, 03:33:00 AM Because I'm incredibly stupid .. :)
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.21 BTC ] (5x13) 65% APR Post by: weenfan on April 11, 2013, 06:02:56 PM Now would be a good time for this .. if any .. :) .. trying to keep my BTCjam fort up .. heh
Title: Re: [BTCjam] Peg some payments to mtgoxusd. [ 5.21 BTC ] (5x13) 65% APR Post by: weenfan on April 12, 2013, 09:25:46 PM Well guys .. the notes feature is exactly what I'm looking for .. I can get this done that way .. :)
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