Bitcoin Forum

OK because of a lot of innuendo and out-uendo. I have decided to give out loans to prove I am legitimate to some degree. I understand noobies have a bad rapp, so I am trying to do some justice.

But there are initial steps that need to be taken, first I need to transfer my LR to BTC, I know you guys are weary about paypal so that's right I am using LR. Secondly since you guys like reaching out I am going to need some help. I need you guys to direct me to trusted sites/people to loan BTC to for good returns, as I am a newbie my eyes may not be able to identify a scam that you guys with months of experience can. Last but not least I need to know where I can purchase these BTCs for LR? Trusted people/sites? Looking for an instant transaction as both payments are irreversible.

Ok I am breaking the trend, I am not asking I am now giving. So please show some love and let me know below so I can start lending:

So, you're sending LR to the BTC-e exchange?  They have some good prices for buying sometimes.

(also saw your "interesting" lending thread posts - seeing where this goes)

BTC loans courtesy of Bitcoinica  ;D

I am first looking to exchange LR to BTC. Then I want to lend BTC for a weekly/bi-weekly return. Just to develop some trust.

How does giving out loans prove your trustworthiness?

*Prove
Is that a serious question? Doing exchanges, therefore increasing your trades, hence increasing your familiarity with money sensitive transactions. Think about what you're asking before you ask it. I'm not just giving out loans I am also buying BTC.

Hm, let me say it another words, when you give loans, your are trusting some one, but he doesnt have to trust you, and when you give money it doesnt prove anything.
Trading btc to LR could mean something, but you`ll have to do it on regular basis and with big sums, and again, if you send trust full member LR and he pays you BTC , this doesn't prove anything, because you had no chance to do it wrong way)

Shadow make a good point here. There is no way to scam people by giving out loans (unless you promise to give a loan and don't do it, which is not that significant). You would gain way more trust by taking out loans and repaying them.

Maybe someone should be offering high interest loans so newbs can earn rep.

Yes but no one wants to give me loans. So let me explain the logic I had while offering this. I am first buying Bitcoins so I can familiarize myself with the market. Traders will leave me some rep.

I will be giving out loans primarily for some more familiarity and so people know that I am not just looking to take and run as I have contributed beyond means of my own personal gain. Then once I have established myself with trusted buyers and sellers, I can then go about my business throughout the forum, hopefully without all the crap I've been getting. If people ask where my reputation is, I will be able to say I have already handled XXX amount of money on the forum. If people don't think this is good I may open an official exchange thread. The only problem is that people will come there and slander me on no basis other then the fact that I am new. So I am trying to start somewhere.

Idea about exchange, give some one loan\start deposit, and do exchanges , in case something goes wrong with you people will get money from your deposit)

Hey I appreciate you offer, it means alot. Right now I'm not looking for a loan though. I was asking about the possible benefits/cons to a few ideas I was having. I'm thinking about going into mining but I wanted more info on equipment etc. Otherwise I may just go into stocks and invest for a return.

Are multiple accounts allowed? That's usually an insta-ban on most forums.

What`s wrong with his current account?
Any way, he tried, if he`ll continue then he might try again.

For starters, he is asking for a loan while simultaneously giving out loans.

Absolutely, unless you are a confirmed scammer (you'd know because you would have the scammer tag, and unless the evidence is EXTREMELY overwhelming, we would have also contacted you for your side of the story) or are currently banned on your main account. In fact, the moderation team isn't even allowed to disclose sockpuppet accounts (again, unless a confirmed scam took place).

That being said, you'd be better off just sticking with this account. You won't gain rep any faster with a new account, since I truly don't believe that you've lost any rep here.

I highly suggest that you NOT go into mining at this point in time.  It is so much easier to just buy a bond or a stock in a good mining company than to try to create a profitable mining rig (a LOT harder than it sounds).  Check out this spreadsheet: 

https://docs.google.com/spreadsheet/pub?key=0Ai_uEhrsiYu0dHdObDIwbEFKcXJlX1ZLV3VRSjlycWc&single=true&gid=0&output=html (https://docs.google.com/spreadsheet/pub?key=0Ai_uEhrsiYu0dHdObDIwbEFKcXJlX1ZLV3VRSjlycWc&single=true&gid=0&output=html)

Look in the second column for "Perpetual mining bond" or "Mining operation", there are many of them.  I personally like GIGAMINING and YABMC because I know the guys running them but there are many to choose from.

I, on the other hand, personally like Cognitive and Synergy, because I'm fairly acquainted with the guy running those.

I see what you did there.

I heard that guy never needs to sleep. And that he's half man, half bear, half pig.

Yes, I am a zombie manbearpig. Actually some sleep might be beneficial right now :P  Ha det!