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April 17, 2014, 07:46:16 AM *
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1321  Economy / Lending / Re: Lets make a deal on: February 12, 2012, 09:27:11 PM
Ah, I understand your earlier post better now.
1322  Economy / Lending / Re: Lets make a deal on: February 12, 2012, 09:07:01 PM
I think the lending forum is awesome. I want to get involved somehow but i dont think high risk loans for small returns is for me. I might do it for people with good rep but thats about it.

So, low risk loans for high returns?  Sounds good.

So, being part of a syndicate not a good idea?  Coins sit gathering dust until used, then get return, and insured against loss?
1323  Other / Beginners & Help / Re: 220v Help on: February 12, 2012, 08:33:36 PM
Get an electrician.

Even if it works, you might do something wrong and kill someone else.
1324  Economy / Lending / Re: Looking for 100-105 BTC loan for 7970 Purchase on: February 12, 2012, 08:20:43 PM
To keep it simple, I could do it as a declining principal loan at 2.3% per week.  That way if you pay early it's all known up front.  At five coins per week it would take 27 weeks (works out to 10% monthly).
1325  Economy / Lending / Re: Building Credibility on: February 12, 2012, 08:15:39 PM
If they have the coins for a deposit, they don't need a loan.  If they did, and you loaned to them, the net position is that you're still out of pocket.  (Banks have this great system where they lend to people who don't need it, or have security worth more than the loan.  Here we are quite the opposite.)
1326  Economy / Lending / Re: Lets make a deal - syndication on: February 12, 2012, 08:05:21 PM
Evolution in the lending market is progressing quite well.  The newer lenders want to get in, but don't want to get burned and that is entirely fair.  If you have been watching, IMSA, INAU, Burt, Dollar trader and myself have been lending and doing some syndication.  There are a few others around too (sometimes I lose track of names and user IDs).

As a suggestion, if I knew how much people had available to loan, and a target rate (like 10%), then ideally they would share in the profits and have limited downside.  This would normally be done via diversification, but could also be done via a maximum loss of say 20%.

That is, if Film put up 10 coins and it was part of a 100 coin loan that went bad, the most they would be out of pocket is 2 coins.  I'd carry the loss based on any difference between the 10% and the lending rate (which I try to target at 15% currently).  Yes, you miss out on the top rate, but you don't lose your shirt either.
1327  Economy / Lending / Re: Looking for 100-105 BTC loan for 7970 Purchase on: February 12, 2012, 07:46:23 PM
Don't worry - we're still here.  You said the GPU was out of stock so I assumed there was a pause in the plan.

5 coin for 25 weeks works out a little less than I would normally be looking for.  Would a higher weekly payment work, or a slightly longer period work?
1328  Economy / Lending / Re: 400 btc loan on: February 12, 2012, 07:37:34 PM
You have described a 4 month loan at 10-15% per month.  Purchase is for 7Ghash of mining equipment.

Can you list number of computers and GOU cards that comes with this bundle?
How much is the total transaction worth and how much are you putting into it?

For 7Ghash that should be about 5BTC/day = 150 in the first month.  On 400BTC loan @10%, your interest is 40 coins, so would drop the principal to around 300 after one month (ignoring all other costs), so it's doable over a four month payback.  However, this looks like a lot of risk.
1329  Economy / Lending / Re: Help me so I can help you on: February 12, 2012, 12:49:49 AM
Fuck me, I want in. This is better than the scam for a perpetual motion machine.

............

LOL, oddly enough, there may be something to that. Caltech has been working on a alloy that when heat is applied, the alloy creates an electric charge and as result, can spin a motor. This was displayed a few weeks back at a fundraiser for CHULA.

Is this the same one that's fuel is nickel and the by-product is copper? I saw a demo for it and it's seems highly interesting.
People don't realize the potential in other humans, many can do great things but lack the resources to do so.
As an engineer and a scientist I can tell you that no matter how much human potential we tap we will never create a machine that is 500% energy efficient, period.

maybe you should study a bit more Mr. Burt  Wink

Paraipan - you post does you nor this thread any credit.

Rossi's machine (the nickel -> copper one, if it is not the clever fraud that it is likely to be) works, it wouldn't be greater than 100% efficient, as various physical laws would be able to trace the transformation of energy from one form to another.  (unless you are suggesting something as mundane as solar fusion is a >100% efficient reaction).

Perpetual motion machines and other devices that purport to produce usable energy (work) from nothing have never been proven.  History has some clever scam and interesting claims, but none exist (I can add the happy disclaimer of "yet" if you like).
1330  Economy / Lending / Re: Looking for 100-105 BTC loan for 7970 Purchase on: February 12, 2012, 12:29:52 AM
I can only send a small loan to contribute to a large request however this is interest bearing.If interested. I can understand if a small contrubuting loan isn't suitable for your needs.

Hi Film,  for the bitlane loan (filled a short while ago) we arranged three lenders to take up shares.  That might suit, but it would also need to work for Slider.
1331  Economy / Lending / Re: Looking for 100-105 BTC loan for 7970 Purchase on: February 12, 2012, 12:22:31 AM
Interested (have another loan like this in action).  However, I have coins tied up with other loans atm, so would need to be tomorrow before I could advance.

Reflecting a discussion from earlier, a progressive (pay-as-you-go) loan could attract a lower interest rate.  How long do you think to pay back?  (that will affect the rate)
1332  Economy / Lending / Re: Looking for 0.5 BTC Loan. Short term on: February 11, 2012, 03:27:23 AM
He probably means they were due today and there is no sign of repayment.
1333  Bitcoin / Mining / Re: Donate@Home, Bitcoin and shared computing merge on: February 11, 2012, 02:52:40 AM
Do you think BOINC will accept my application for donatetocacoins.org? 
It's for a good cause, I think.

If you set up a credit system on the boinc software, yes.

I posted into the GPUGrid message boards and while they are acknowledging it's an effort to fund a researcher (a person), doesn't look like they've implemented the idea too well (explanation wise).
1334  Economy / Lending / Re: Looking for 100 BTC Loan/Advance on mining proceeds. on: February 11, 2012, 01:30:25 AM
It doesn't prove that they own the account. All you end up with is an address from a hacked PayPal account.

It was easy for me to take over the guy's life who I am pretending to be.

I live in his house, at the same address, have the same telephone number and even sleep with his wife.....lol
(somehow I even get to drive his Skyline GT-R without anyone putting up a fight)....go figure.

As long as you don't actually look like your avatar. and it's a decent gtr (pref 32 or 34 rather), then maybe.  Watching on the sidelines while Burt does the leg work.
1335  Economy / Lending / Re: gurg2.o/kujoking7/westcoastconnect collections thread on: February 10, 2012, 07:42:04 PM
15L3dPcD6hHYoXaqC1xT7WDMhSpu9xGv3b

1336  Economy / Lending / Re: $1000 loan needed, wire me untraceable cash Western Union (why so many suckers?) on: February 10, 2012, 05:12:55 AM
I have to admit I'm confused at this myself.

Hasn't anyone heard of picking up a phone?  Increased anonymity doesn't mean you have to be stupid. 

I'll call you at noon - what's your time zone?  I'll add the international reparation costs to the loan.

Doesn't actually help.  A phone number costs $2 if you know how.
1337  Economy / Goods / Re: Tippmann 98 Custom Pro Paintball marker on: February 10, 2012, 04:04:35 AM
This picture got his real name, I have already posted it in "lending" thread.


Thank you Mr V, I was doing so other hunting, and had not followed all of the links you had posted over in lending.  Smiley
1338  Bitcoin / Mining / Re: Donate@Home, Bitcoin and shared computing merge on: February 10, 2012, 03:37:49 AM
That page looks scammy - if you want to give away to a 100% fee pool, that looks like it.
1339  Economy / Lending / Re: Building Credibility on: February 10, 2012, 03:33:24 AM
Please send me your cat as collateral for a lower interest rate - it might cost you $1000, and there will be six month quarantine.

or accept zero collateral implies higher risk and interest rates
1340  Economy / Lending / Re: Looking to borrow 10BTC for 5 days. on: February 10, 2012, 02:25:24 AM
Sounds like a good plan.  Read lots - there is a lot of information around, and different names appear in different sections of the forum. 

It happens sometimes you get caught in someone else's disaster - the lending section has a couple.
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