Bitcoin Forum

● Do you need more bitcoins to lend out?
● Would you like to start your lending business on this forum but you don't have bitcoins?
● Worry no more, I will give you bitcoins to lend and we will share the profits.

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I have some idle bitcoins, but I am too busy to lend 0.01BTC and small amounts like that is not worth my time. However many of you would like to start a lending business here to make some money, I see dozens of active lenders on this forum, so I am willing to give you bitcoins with which you can lend, and we will share the profits!

How it works:

1) You will give me good collateral like altcoins, that will cover the bitcoins that I give you. I will hold this collateral until our agreement is active. The collateral ratio will always be 120-150% of the lent amount to incentivize you to pay it back.

Ex: You need 0.5 BTC loan to start. You already have 0.7BTC in ETH invested, but you don't want to sell that because you think the price of ETH could go up. You give me the ETH as collateral (it covers the 0.5BTC + the volatility risk), and I give you the 0.5BTC to start loaning. I will guard your ETH, and unless you break the terms, you will get it back at the end of our agreement.

2) I will give you bitcoins that you can lend to other people, at whatever interest rate you choose, your lending business will be your job to manage. You should also ask for 120-150% collateral from your borrowers so that they will too be incentivized to pay it back.

3) Both of us will have 0% risk because both of our collateral covers our potential losses. All the risk is outsourced to your borrowers. If some of your borrowers default, no problem, you just sell their collateral to repay my original BTC that I gave you.

4) You collect the loans from your borrowers, and pay me 50% of the interest for every loan collected.

Ex:  I give you 1 BTC, you lend that out at 10% interest, you collect it, you make 0.05BTC  and you pay me the other 0.05BTC

5) You give out more and more loans to people and we share the interest profit.
6) After we end our agreement, you give me back my bitcoins, and I give you back your collateral.

Why is it good for you:

You literally earn half of the interest on the money you can lend out and I will provide you with plenty of bitcoins, so the more loans you make, the more money you make. We will both make money and it will be good. None of us will lose money, all the risk is shifted to the final borrowers.

Terms & Conditions:

1) If you default, I sell your collateral
2) If your borrower defaults, you should sell his collateral to recover the BTC
3) If you didn't got a collateral from your borrower, then I either sell a part of your collateral, proportional to the money you lost, or I let you recover the money over time, depending on the magnitude of the loss
4) If you are losing money or not making money for long time, we end our agreement, and we swap back your collateral with my BTC (after I deduct the losses, if there are any)
5) If you are unreachable/inactive for 1 month, I will sell your collateral
6) If you pull some shady stuff on me or trying to scam me, I will also sell your collateral.
7) I can modify these terms any time I want without notifying you, you have to be updated with this thread, and you must agree to these 7 terms and my business model if you want to do business with me.

Collateral Requirements:
Altcoin or other good collateral only that covers the btc I give you (no forum account accepted)
The collateral ratio will be 120-150% of the lent out amount because of the volatility of the collateral and your trustworthyness.

Lending to lenders... Interesting idea, but it probably won't work. Your best shot at getting a partnership is probably at Epicscammer and condras's loan thread (https://bitcointalk.org/index.php?topic=1497355.0), but they already are partnered, and probably don't have collateral to give you. Also, you said "would you like to start" - but then ask for lending experience.

Not many lenders with good lending experience who don't have funds. Only 2 active ones with a lot of experience are zarzab, and me. I don't have many altcoins, and zarzab probably does, but he has all the funds he needs (I assume).

Here is my question: What happens if someone defaults, bringing profits to the negatives, and then ends the contract?

It would work, this is how central banks work. You would be essentially lending for me, while I provide you with capital.

Yes you are right, I relaxed the conditions so that more people could participate.


Added explanation of my terms in the first post, please read.

Hello buddy,  I am planning to start a lending business again like I have done when I owned a hero member rank with good rep . I have a good experience of lending business with low default rates.

So if I will get the funds to start of my own lending business,  I can repay my old dues on this forum too . For reference , you can check my old account lending thread .

I'm serious when you open a food business payments every day

rules:

>> amount 1 btc
>> 2 month contract
>> 1 day pay = 0.02  btc
will share the profits ever day


total you received 1.2= 2 month

Look op the concecpt is good you will lend to a lender to get a share from the loans, wouldnt be better to do yourself and you take your own risk? Its insane for me you trust into a third person to offer loans and repay you a portion of it. I had read you got no time, but to lending service you need something like 10 minutes to work out and reply, anyway good luck but i believe the reputable lending people has the funds already and hasnt altcoin as colateral.

Nope. His system is designed for him to have a guaranteed profit, but lending for himself has risk. Originally, I considered using it to reduce my risk, but then he said that if you lose, you pay fully for your losses. This gives Jacob70 no risk at all, other than the value of the collateral's value dropping, and gives the lender the full risk, for half the reward. And he isn't really trusting them, since he requires a collateral. Try reading Doamader/Probably JasonXG. Also, zarzab does altcoin conversions in the currency exchange, and he counts as a "reputable lending person".

I just a share of the profits every day to jacob70
Because i business food

Ok sure ,what is the collateral you can provide?


Sure , what collateral do you provide?


Lending nowadays is small scale, like 0.01 BTC loans. I really dont have time to give out 10-20 loans daily, I have other investments to take care of.

So that is why I would like to outsource my lending business.



Yes, that is true, and also It's passive profit for me.

But if my workers are smart they will also take collateral so they won't have any risk either.

We can outsoruce the risk to the end-user borrower.

I don't see a lot of convenience because who start to offer some loans normally has not problem of cash ;)
and gain only half from an investment (because meanwhile some interest are cut) it's really bad :(

ps in the bad scenario you can sell collateral and lenders doesn't repay ... so there is a double risk + half gain

So maybe you want attract people with lot of collateral (read btc talk account) but I think it's even a risk

I am not sure this will fly here.  Most of us lenders are able to secure BTC whenever they want to in order to supply the loans.  What is the loans come up bad?  Then you keep the lenders collateral?  If you are not taking the same risk I am taking as a lender, I would have no interest in doing anything.  Th only beneficent would be that if you took the same risks.

Now i got you, you will act like a bank, lending money to someone who can provide a valid colateral, that should be others altcoins. As already said we will be your workers, we will be using your money to lend others, and we should share our profit, but in the end if the user wich request the loan default and his or her account is the colateral, we will have to repay the ammount those user got, soo for you sure profitable, but we will take the risk instead profit, have to pay you from our pocket, when we wanna the fee just.

That is why you should ask for collateral from your borrower as well.


That is why you should ask for collateral from your borrower as well.


Yes, if you have altcoins invested (which you should have, just from investmend standpoint), that will be good collateral.

I will give your BTC for  that collateral, and I will guard your collateral, then you start lending.

But you should also ask for collateral from your borrowers, so that neither of us will have any risk.

Lemme explain again simply.

1) Collateral ratio is probably around 120-150% of the lent amount to incentivize borrowers to repay

2) For example you have 71.09 ETH (1.5BTC) invested  , I give you 1 BTC for that to loan out, but I will guard the ETH as collateral

3) You loan out the 1 BTC, but you also ask for 150% collateral from your borrowers

4) You will have 0 risk because you get the same amount of collateral from your borrowers that I get from you

5) I have 0 risk as well because I also have 150% collateral secured

6) We share 50-50% the profits from interest

7) After we end the deal, I give you back the 71.09 ETH, and you give me back my 1 BTC

Out of the over 80 loan requests I have gotten, 2 had altcoin collateral. Both requests had ~120% worth of the loan amount. One person ended up not taking the loan (partially because I was busy), and the other one came with 1% interest (0.001BTC from a 0.1BTC loan.) Plenty of people now have services that require altcoin collateral, but I don't believe any of those lenders got a valid loan. Also, if you ask for 150%, they are more likely to go to the people who only ask for 110% to 120% (me, and most others). See where your plan is flawed?

The collateral could vary depending on many factors, it could be much smaller than 150%, even as low as 105%

Also we can give out good interest rates or other promotional offers to lenders. For example 3-4 time borrower with good track record and good trust rating can give 80-90% collateral.

Certain perks can be given, it is up to my workers.

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My job is to get some workers, that will lend for me. We can then discuss in PM lending tips and other topics.

This made me smile ;D,
can see that you are not familiar with the local market.
 People who ask such amount usual It has absolutely nothing to offer as collateral except their account.
10-20 loans day ??? that total loans granted during the week  of all lenders in this forum, and most -99% from them with forum account as collateral or without, only with a basis of trust.

and with this rule :
you are not tired at all, because very lucky if you get at least one borrower in in the  quarter or half year.
Other things you not mentioned , that all collateral must be stored by trust escrow.


Anyway Good luck :)

I will agree with Zazarb. Its hard to even found borrowers with 110% collateral and you say 150%. Its almost impossible here atm...

The fact that you will hold any collateral from your workers, its not safe for them. You have no history here, no backround to "trust" you, nothing. To use an escrow with good Trust rating, its better if you continue with this "idea" of yours.

Also, to propose to your potential workers that is for their benefit to work for you because their portofolio will increase with your funding is not entirely true and we all here know that...

P.S. You ask for workers as you said and not for partners. Two words with big difference. 

Sorry that is not my business model, i cant really give out loans with no guarantees, because of the amount of scammers and account sellers on this forum.


We shall see if my business model has demand, i think it's innovative and we could see some people sign up.

The collaterals are really necessary, the % rates can be adjusted on many factors, but it is an essential part of the logic.

No, they give me 50% of the profit not the capital lol.

If they have the collateral but the collateral is invested in altcoin, and they need BTC to lend, then my funds are useful.

I will have to draw a diagram because you people still don't understand my proposal!

No, it's not a loan, it's a funding.

I pay my partners (to not use worker word anymore because some people misunderstand it) 50% of the profit on the money (invested) they dont have, which I will provide.

It's an investment for both of us.

-----------------------

I really have to draw a diagram of my system because you guys simply are too lazy to read and understand the first post and talk nonsense here.

I dont think that is easy to "misunderstand" these two words... ::)

They have a clear difference : Worker : http://dictionary.cambridge.org/dictionary/english/worker   Partner : http://dictionary.cambridge.org/dictionary/english/partner

Btw, thank you for choosing to use the word "partners". Its better! :)

People are not lazy to understand nothing here.  If they are providing collateral to secure the loan you will be giving, then there is no reason you should be taking 50% of the profits they are making.  They are taking all the risks here, not you, so why should they pay you 50% of profits when they can simply pay someone else a monthly interest rate based on the funding they are seeking??  You might be funding the money, but you are taking no risk here other then your loan not being repaid, which you have security in the form of collateral to recover your losses.

Lets make it simple for all of you who are looking at this scam artists attempt to take 50% of your funding.
I have opened new thread for interested lenders to borrow funds for lending.  The interest rate will be set at 9% per month as long as you have to proper collateral to secure the funding.
Here is the thread link: Knight & Day Commercial Loan Service (https://bitcointalk.org/index.php?topic=1568930)

Just to break the funding down for you (Please keep in mind this is based on getting enough qualified loans to fund and that they pay you back properly):
 - - The average loan is 7 days.  This allows you to lend out and recover your funding 4 times with in a months basis.
 - - The average interest rate is around 10% per loan.
 - - With 1 BTC, you can loan out 4 times per month as long as you loan to people who pay you back.
 - - This allows you to collect .4 BTC or more per month in interest.

Jacob70 Loan Process - Based on the above calculations:
 - - You collect .4 BTC per month in interest fees
 - - You pay him .2 BTC per month

Knightkon Loan Process - Based on the above calculations:
 - - You collect .4 BTC per month in interest fees
 - - You pay him .09 BTC per month

So if you have the proper collateral to secure loan funding from him, do not bother and come to me, I will not keep 50% of your profits and I will give you a better rate and I have history with this and securing collateral.

this is much better explanation and more trusted user to try lending out coins to potential lenders. i will definitely have trust on knighkon instead of someone coming up here saying he will provide coins to lend but taking too much percentage of the income

Well, i have to admit that is tempting...
I have though two questions.

1. If you fund someone with 1 BTC and in the whole month have stil 1BTC, no profit - no losses, you still get your %?

2. If someone provides a "good", valid collateral but the borrower / partner of yours dont know how or where to liquid it...Can you help him? You will have any kind of support role?

Very valid questions.  First let me state, I am always here to support borrowers.  You do not even have to be my borrower or a lender under me, and I will still support you.  So let me know answer your questions:
1.  Yes, you are still responsible for the 9% fee every month for the loan you are taking from me.  I am assuming that you would not be borrowing that much to lend out to others unless you knew what you were doing.
2.  If you have collateral that was used to secure a loan and that borrower leaves you hanging, I will assist you in getting rid of your collateral.
If you have any other questions, please do not hesitate to ask.  You may want to post on my thread, since this is not my thread, I just had to put a stop to someone trying to put all the risk onto someone else and keep 50% of the profits.

Stop advertising your own lending service here and calling me scammer when you dont have the brains to understand my proposal.

Sweet Moses, are people really this stupid?


Lemme break it down again:


I have 0% risk with this method.
You have 0% risk with this method.
All risk is contained to the end-borrower.
I take 50% profit because it's my money you are using.

Call it rental or partnership whatever. The point is that we both benefit.

wrong, you have 0% risk in this method but this is risky for anyone that would like to borrow money from you to start lending. you are asking for collateral and what could happen once you get the collateral? what is stopping you from selling the collateral and run away?

My partner would also ask for collateral from his borrower. And for my part we could use escrow....

The ease at which 'escrow' accounts can be purchased or proxied/etc. nullifies the use of escrow as a safety measure.  A malicious 'lender' could control or have an accomplice control this trusted user account - this way, someone would send the escrow collateral, which would then end up in your hands - leaving them with nothing, and at a loss. 

Ah c'mon why the fuck is everyone against me, are you antisemitic nazi or what?

How can everyone conspire against the partner, you make no sense man. You can pick the escrow if you want... Is that good enough for you?

correct me , if I'm wrong, if borrower(partner) take loan from you  and will make zero profit within month, you will get also 0+50%=0 ? from which it follows the question, how you will control your partner(he  can grant private loan, publicly invisible).

P.S.
I personally have nothing against your service,  if you agree hold collateral by trust escrow, but I do not think that here will be in demand.
time will tell :)

The concept is to help potencial lenders to give loans, both op and knigh are taking a 0% risk and both collecting a fee for their coins, thats for me a great support to the community, but did you imagined this forum has 200 lenders active and fighting for the comission to be able to roi as well to cover the montly fee?
Im not agaisnt these, sure it may help but i had see zazar thread and he has good costumers and high trusted accounts asking for loans, i believe he is making a good income, and he has some limited funds as all of us, but this offer would maybe force him to raise the fee he takes. Soo in the end who will be really winning would be the person behind the funds. This market has potencial to grow but the risks associated are big, maybe knigh you should charge lets say 5% if the partner didnt make any loan during that month.

If the partner doesnt make profit I also dont make profit, but if he is not making money for long time then we end the partnership and swap back the money.


That is good for borrowers because if drives interest rates down.

from where such information? I have more funds than I can give loans, and I can lend to borrower also(not see difference between commercial an usual loan), long as they can give me appropriate collateral.

other things,  you guys talking about interest rate are cut off from reality, 10% per month, that max what you can get for loan around 1BTC amount and even less for biggest loan.

Ok enough with debates, who wants to sign up for my partnership?

False. Let me break it down for you: What if someone dumps the altcoin, crashing the price below 100% of the loan value? The risk then gets put on you, that the person doesn't repay the loan.

You could easily take his collateral and enjoy a nice 50% profit. You don't have the trust to be able to hold large sums of money here on the forums.

False, because of the reasons I stated above. The lender that you lend to also takes risks, like a large overnight crash of the altcoin you took.

It will work. Just that the chance of someone taking the offer is under 0.1%, since the odds that someone wants to start a lending service, has a large amount of altcoin, doesn't want to sell it, trusts Jacob to not run away, e.t.c is under 0.1%. Knight isn't that trusted either imo.

do you alt of knight?  because clearly misinform. knight example above completely unrealistic,
As I said earlier , at best you can expect, it to lend  1BTC for month with 10% interest, so in knight case you profit will be 10%-9%= 1% or 0.01BTC in OP case 0.1*50%=0.05BTC,
But all this is just a theory, I do not think  that both of you will be able to give away at least one loan.
do not be angry at my pessimistic forecasts :)

I dont take shitcoins, only top altcoins, or more than 100% for lower coins.



Going for all this trouble to take a collateral? That is not my business model. I could have just signed up for signature campaign and earn more, for the time I waste here to explain it to you guys.

No this is longterm business, I'm not here to scam.

So is nobody interested in this offer? Too bad I would have a lot of money to lend out, but i guess i have to invest it elsewhere.

This!
All other things are common sense of business: OP has risk of defaults and devaluation of altcoins, lenders have risk of defaults and devaluation of collaterals, borrowers have risk that both OP and lender run away with collaterals...and so on.

No collateral....no escrow...at your own risk!
~G.

Hello,

if you are thinking about investing small amount of bitcoins for profit, here is your chance. I need to lend 0.01 btc to buy thing I need to repair few smartphones with broken display. I allready have few customers yet I found best deals for btc on those displays so that´s where come you.

So if you are interested, post me a message here or on my bussiness email petrlik142@gmail.com for more informations.


Thanks for your trust, sincerly,

ing. Tomáš Petrlík

I'm also calling Bullshit.  (I don't know how to archive but hell someone hook me up)

I say you are "grooming" your account ::) but time will obviously be the determining factor for that.

Posting don't make sense at all.  You got plenty $? yet:


Even though knightkon, likes to post alot for imo siggy  >:(  I will agree partially with his posting and add.  I'm going to do the work and give you 50% of the profit (if there is any to be had)  Let alone let you use me as the frontman to take the heat.  Don't make for common sense at all.


It's also evident the referrals is bullshit.  If referrals are making $, there is no reason so sell them.  I suspect these refs are bots or obtained under false pretenses to both the person who wants to buy them, and the ref's themselves.  IF which is huge they aren't bots, which I highly suspect.  How the ref's are obtained is a "secret" then why sell the ref's? if they are profitable and not sell the "secret" I will partially agree with the quote below and save my fuckin head and fingers from this bullshit:


So to sum my thinking.  You are fullashit.

This sounds like a perfect time to set up a smart contract.  They are very cool for two person business dealings, but I swear that you could even work the third party into the mix, if they are ready to borrow at the time you get started.  You might even be able to create a side token that can serve to hold the funds in the mean time. 

I know that there are people out there that act as escrow, but that fact is that you are simply trusting those people in the place of trusting the other party and in the end, there is nothing that stops them from leaving with the money.  It has happened more than once.  The blockchain never runs.

No reason to get angry about this. I agree with you completely.  I have posted my commercial lending thread awhile ago to assist with people who are looking for loans for this reason and other commercial reasons and I have had no interested parties.  There are to many real life lending services which will charge less than what both of us will and I know that.  I just did not want to see anyone get caught up with thig guy taking all the risks and this guy gets half of your profit.  Does not make sense to me!  I agree with your comments though.

It's a cool idea. And I see you've based the concept on that if a central bank. The thing is, Banks take people's IDs, so if they default that can track the person down. On this anonymous forum, the best thing you can get is collateral. No one will trust you with IDs, and there are some collateral scams.

I got a lot of offers in PM, i have to go through them one by one and respond, some of them are interesting, but i will need collateral as I cannot trust anonymous people with my money.

You are so wrong, it is you who does not understand much here.
You have 0% risk, because you have collateral backing it up. 
The borrower from you takes all the risk, because the collateral could be bad, the price could drop or the collateral may just not sell for enough to cover the amount loaned out.  If someone does a .1 BTC loan and the loan is not paid back, your borrower sells the collateral.  What if the collateral only sells for .06 because of the market.  That is a .04 loss.  Are you saying that you are going to take 50% of that loss?  Of coarse you are not.  Your borrower is going to eat that loss.  How are they going to eat that loss???  With the collateral you have is they do not pay it back.  Also just FYI!!  In the banking business, if you loan money and take collateral, the money is the property of the person who put up the collateral, so they are using THEIR MONEY, NOT YOURS!!!!!!!