Bitcoin Forum

Loan Service:

Firstly, to take on a loan with myself you must meet to following conditions:
   1. You must be over 21. (I personally feel that people younger than this really shouldn't require a loan)
   2. Active in forum on a daily basis.
   3. More than 200 posts. I know posts are not a great indication of trust, but it helps.
   4. Been registered for more than 1 month
   5. Minimum 3 Feedback from forum trades or sales (Small loans are not counted).
   6. Trusted Bitcoin-otc members can skip 5.
   7. You must provide you email, address, phone number and 1 form of identification.

If you have met ALL these requirements, contacts me through PM to request a loan. The terms of the loan will then be details below. You will be asked to reply to confirm publicly that you accept the loan.

Loan Details:
   1. We accept loans of 1-25 Bitcoins.
   2. Interest rate ~10% Weekly (Adjustable)



Deposit Service:

Periods:
   - 5% Monthly
*Interest is added on the 1st of each month. Withdrawals made before this date will only include the previous months interest.
** New deposits are marked and dated. Interest is adjusted as required; adding 20 bitcoins at the end of a month will not give you the full months interest for those 20 coins. You will get the full month of whatever was already in your account.
*** Cut off point for monthly interest is 1 week before the end of the month. Makes it easier to calculate.

   1. Each new depositor will be issued a unique Deposit address.
   2. You must also provide us with a Withdraw Address
   3. To withdraw, contact me with your wallet ID and the date you wish your withdrawal to take place. If we are not contacted, you deposit will remain untouched and gaining interest for 1 Year. At the end of that year the remaining total will be returned to you using your Withdraw address. You may choose to redeposit using your deposit address.
   4. Each deposit will be marked here with date of receiving funds
   5. Interest starts the day after the deposit has been made.
   6. If you request a withdrawal and your funds are immediately available, they will be sent directly to you. Otherwise they will be returned to you, with interest, on the
   7. Home time is GMT
   8. Minimum deposit is 10btc
   9. Maximum deposit is 100btc (This may change eventually)
   9. Depositing amount precision is to the lowest whole. You may deposit 10,11,12, etc bitcoins, but not 10.1, 11.45, etc.

I currently run three small ventures. One which many are aware of on this forum, is my UK buying/selling bitcoin service, the above loan service and I also run a small import/export business with a profit margin of 55% and an Annual net profit of around 2950 BTC . Your deposits will be placed in both businesses which does mean there is an element of risk. I do not see either business failing any time soon and depositors will be contacted at any sign of danger to ask if they wish to withdraw their funds there and then.

Thank you for reading.

PM me if you are interested.

10% per month?

P-P-P-P-PONZI!!!!

I believe that is what you are charged to borrow BTC, the offer portion is 5% monthly.   Another Jr. Member trying to be a bank and lender.  That is why it is so risky.  I love how they keep just popping up and end up right here.   Watching close.

I have already been running a very successful buying/selling service for UK members. Each one of my posts is a sale and to date I have sold over 1,000 bitcoins on this forum to UK members. I am now just trying to extend my business. My post count is low as I focus on my business rather than social discussions.

Why are you expanding into deposit taking and lending from a currency exchange business?   Those are different animals.

Should of opened 9 months ago, you would of done really well. Too late now.

Businesses need to expand to grow. I am just looking for new areas of income. However I have noticed the market seems to have halted on deposits and lending, so I may be sticking to the exchange market a little longer.

As much as I like the look of your exchange service (may actually find myself using it at some point) I do find it rather entertaining that you wouldn't qualify for one of your own loans  ;)
Best of luck with offering loans, I suspect you might find your default rate is prohibitively high, however...

***WARNING***

A scam thread has been opened on the OP here https://bitcointalk.org/index.php?topic=127981.0

+1

I was interested in this guy too, glad i chose MJB instead, i hope its just a simple problem  though and no one loses out on money!

I hope this gets cleared up.  I have a funny feeling about this one.   Trust your gut when in doubt, it is usually correct.