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Are you really comparing people knowingly selling illegal goods to accidents in traffic? If 1 million people sold stolen cars in Turkey should that be tolerated?

Are you really comparing people knowingly selling illegal goods to accidents in traffic? If 1 million people sold stolen cars in Turkey should that be tolerated?

Bitcoin bank? Are we not our own bank anymore

The former CIO of Nike is joining a bitcoin startup

The company, founded in the last six months, transfers deposits of the digital currency bitcoin into other currencies and allows customers to send and receive money anywhere in the world for very low fees. A promo video calls Bitreserve “a next-generation money service built on top of bitcoin,” but goes on to describe the volatility of bitcoin, and says that Bitreserve, “solves bitcoin’s volatility problem by enabling you to hold bitcoin denominated as stable, real-world value.” The site currently offers eight currencies: dollar; euro; pound; franc; yen; yuan; rupee; and peso. It also offers commodities—for now, the metals gold, silver, platinum and palladium.

75.98% is all loans throu all time, in the beginning there probably was <25% repayment rate when there was no verification of anything needed to be able to apply for loans.

Its always bad when that type of thigs happens but the sites statistics is improving over time, back in 2013 it was really bad, during 2014 the avg repayment rate improved a lot and hopefully it will become even better in 2015.
Last time i checked the repayment rate throu all time is up to 75.98% of all loans and is climbing. For loans taken out recent months it has been in the regions of something like 85-90%.