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241  Economy / Goods / Ecdysterone 95% and Ephedrine HCL on: March 29, 2013, 08:58:20 PM
Up for sale

Ecdy 95 is $5 each and same for Eph HCL
242  Other / Beginners & Help / Re: TORONTO CANADA on: March 29, 2013, 07:51:15 PM
its not exactly the greatest board but it has the most support, kind of reminds you of canada eh
243  Other / Beginners & Help / Re: Can the government shut down BitCoin? on: March 29, 2013, 05:29:58 PM
any... blacklisting at the Internet service provider is very possible
244  Bitcoin / Hardware / Re: March 30th BFL ASIC update on: March 29, 2013, 05:21:26 PM
its not march 30 yet
245  Other / Beginners & Help / Re: Can the government shut down BitCoin? on: March 29, 2013, 05:14:17 PM
they can block the ip addresses
246  Other / Beginners & Help / TORONTO CANADA on: March 29, 2013, 05:11:40 PM
CAN ALL OF US GET IN HERE FOR A SECOND....

I KNOW THE BOARD IS BASED IN TORONTO
247  Other / Beginners & Help / Re: FREE (Bitcoin) POKER CHIPS FOR NEW PLAYERS !!! on: March 28, 2013, 10:03:37 PM
whats the monetary value of the 50 chips
248  Economy / Lending / Re: 10 btc loan for bitcoin hardware on: March 28, 2013, 09:39:36 PM
get lost wankers go fuck your mamas
249  Economy / Lending / $700 Loan for BFL Single on: March 28, 2013, 09:37:14 PM
Will pay back 10% interest
250  Economy / Lending / 10 btc loan for bitcoin hardware on: March 24, 2013, 11:27:04 AM
need a loan, set the rate
251  Economy / Lending / Re: risk takers anyone? 60 btc on: January 16, 2013, 12:00:19 AM
so? it's not my fault you people are poor bitches
252  Economy / Lending / risk takers anyone? 60 btc on: January 15, 2013, 09:51:36 PM
anyone?
253  Economy / Currency exchange / Re: Have some Bitcoins to sell for Canadian dollars via Interac e-mail transfer on: January 15, 2013, 09:49:03 PM
can we do an exchange by mail please?
254  Economy / Lending / Re: 70 btc loan on: November 10, 2012, 06:54:50 PM
paid back my last loan 1 month ahead of schedule, total duration was 2 months
255  Economy / Lending / Re: Bitcoin Scholarship on: November 10, 2012, 06:13:09 PM
very possible, but it would be hard to find a benefactor right now
256  Economy / Lending / Re: 70 btc loan on: November 10, 2012, 06:11:15 PM
my last loan was 40%
257  Economy / Lending / 70 btc loan on: November 10, 2012, 05:30:48 PM
made it to 1 little single, need another 70 btc to upgrade to 1 single 60 gh
258  Economy / Lending / Re: §§§ Bitcoin Lending Thread - Currently 250 BTC available. on: November 10, 2012, 01:00:16 AM
That is a good suggestion. I might add that to my requirements list.


*EDIT

I've done some reading, and it seems getting a document notarized is nice, not absolutely necessary. Lawyers do it, but they will charge for it. A non-notarized promissory note carries legal weight as well. And for the relatively small amounts I'm dealing with, I'm going to forgo the notarization.

In that case, I suggest seeing a lawyer to see if your promisory note will hold up in court. There might be necessary information needed to make it bulletproof
259  Economy / Lending / Re: Trying to make sense of things here on: November 04, 2012, 09:09:44 PM
Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.

It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral.

Most of the loans offered or accepted here are usarous.  You can't have a legally binding illegal contract. Wink  Likewise credit ratings, telephone #, and other banking info is useless when attempting to enforce an illegal contract.  Collateral is only collateral if you have legal right to collect it in a default which you won't if the contract is deemed illegal to begin with.  

The sad irony is that there is no federal Usary limit in the United States, only state limits (which vary from ~6% to 25% annually).  Almost all banks in the US are federally chartered and thus immune to state limits on Usury.  With no federally Usury limits a bank could offer a 3000% APR credit card but an individual lender (without a federal banking charter) can't.

most of the rates stated here are cheap, not usarous

most credit cards charge 19 to 28.8 percent per annum

my last loan was 5 btc, paid back as 7 btc(or equivalent at the then current rate), so that's 40% on top

Your own rate just contradicted your claim that most loans here are "cheap".  40% would be above the usary rate in every single state and I am assuming your loan was for 1 month? if so then it wasn't 40% APR (already usurious) but more like 5,669% APR.   Had you decided to not repay the loan there is no legal collection you could persue.  Collecting all the info and signing all those illegal contracts would be useless unless your lender was willing to engage in some mob style collection procedures. 

TL/DR.  Anything above the usary limit (on an annualized basis) for the state the borrower resides in can't have a legal contract.  An illegal contract isn't worth a whole lot.


lol you should have first stated which country you're from

i'm certainly not american so i thought you meant usarous as excessive
260  Economy / Lending / Re: Trying to make sense of things here on: November 04, 2012, 09:07:35 PM
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral.

To do what with? Burn in effigy?

LAUGH MY FUCKING ASS OFF

If people can't be taken to court, or I can't harass people by having their credit ratings lowered then this is all moot
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