True, and it's not a bad interest rate in "real-world" terms, since the loan is denominated in USD. With the plan outlined above, however, there is no incentive for any lender to go above 2000. For 4000, a lender gets 20% return over two years, and for 2000 the lender gets the same percentage over one year.

Are you sure the costs to incentivizing a loan won't end up exceeding the actual rent you'd be paying without the deposit. As far as lenders here are concerned, currency risk is eliminated (assuming people want USD) by the loan being denominated in USD, but counterparty risk (I don't think you're dishonest, but we don't know how solvent you are, etc.) is still present. Your landlord, on the other hand, has your identity and the full power of Korean law to go after you if something goes wrong, so the risk is actually lower for him/her. Assuming other things equal, that would lead to lower costs for you if you figured something out with the landlord.

Of course, this is all making a lot of assumptions. But naively, I'm not convinced it's in your best interest to take a loan from us, unless it's partially intended as a bitcoin experiment for its own sake.

Edit: also, who would lend to a horse?

Taking advantage of its customers with a secret java miner applet puts this site on my shitlist. Also, the buy links are broken and the list of products is a word document. This site looks like it was thrown together in about three minutes, with about two of them dedicated to embedding the java miner.

It wasn't just about you.

Someone had enough money to move all of mtgox by $2 within a short time window around that period. You can't predict how much bitcoinica hedges, but if you move the mtgox price by $2 (up and down), you can be pretty sure a lot of leveraged positions (in both directions) are going to get fucked hard.

Nice! resorting to implied legal threats against us for mocking you?

It's not illegal for us to disagree with you, and I don't care if you know my identity or not. I don't care how many people you have lined up who dislike bitcoinica; some may have legitimate concerns, but the arguments you've given so far do not indicate that you do.

As far as I'm concerned, you're someone who did something stupid, got burned for it, and are now trying to compensate for your stupidity by suing someone who you are unable to prove did anything wrong. People were remarking on how stupid it was before you got screwed, and people laughed at you after it happened. I'm sorry you lost money, but if you play in a high-risk environment, you have to be prepared for losses.

If your proof for the criminal case is anything like your arguments on the forum, we're in for a good laugh.

Wow, well if this isn't just a limited-time thing, I'm certainly going to get in touch with you at some point, next time I need to travel. Thanks!

Once you're in the inner circle of lenders, as I am, you get access to the StonePirate secret society, which has lodges in 759 cities worldwide and gives you powerful connections in very high places. Also, you get priority checkout at Walmart. The secret is too powerful to entrust to just anyone. And have I told you about Pirate's sister?

Perhaps some people are being offered money by strangers for referrals? Only answer I can think of, anyway.

This looks great, thanks! I don't need anything right now but I'm bookmarking this page. Do you do flights, as well?

wat.

Looks nice, thanks! Amusing to find someone selling a cleveland steamer on there, though.

It was just a joke I just think nobody was expecting anyone to pay that much for Shakaru's debt, is all.

I'm not sure that's an accurate picture to paint, either. If you look back at the beginning of the Shades Minoco thread (and others, before the shit hit the fan), he was acting fairly arrogantly towards prospective investors.

That was uncalled-for. Why does shit devolve into personal insults so quickly on these forums?

Certainly having his consent won't hurt general satisfaction, and it's nice of you to wait for it, but even if he was vehemently against the deal, he shouldn't have a say in it.

Someone wants me to tell you that you're insane.

I don't see why he should have to consent to it, at all. As far as he's concerned, if the debt gets sold, he owes the same amount of money to a different person.

Are we not allowed to be involved in credit markets?

You're right; it is hard to draw profitability conclusions, but for now it'd appear that they aren't raking in huge amounts of cash, which would suggest that for any future expansion of the business, they'd need external investors.

Regarding getting rid of the bitcoins, I don't doubt that it can be done, but it'd be questionable for them to trade on their own exchange, and doing large OTC transactions is possible, but you're less likely to get a good rate for them.