Nowhere does it say the period of the rates, e.g., annual.
Just bellow the rate box you will see "You will pay this rate at every payment cycle" So, if you choose a payment cycle o 30 days with a rate of 1% it means you will be paying 1% per month of interest. The methodology is better explained here: http://en.wikipedia.org/wiki/Fixed-rate_mortgage#Pricing Okay, fair enough. I would still make it clearer. You have more need for capital than loans, so I would cater to investors as much as possible. Such as making "loan amount" and "rate" their own headers and sort by value, not alphabetically. I would also standardize the loan rate with APR, etc. 1%/wk is the same as 4.06%/month, for example. In this listing, it says the debtor pays out on the 1st of the month, but the term is 30 days. If the loan is distributed on the 25th, when is payment? This is a great site that could really take off, but I think the ambiguity and cosmetic blemishes will scare investors away. streblo, We implemented the sorting for all relevant fields, the modification is online now. As for the APR, we are working on that. EDIT: The payments calendar is online now too, to help people keep track of payments. Fantastic: the calendar is really nice!! |
|
|
|
Good read, thanks. 3-5 years if banks are going to open up, I think that is a good time frame. Could it be bad that banks open up to bitcoins? I feel it would be more regulated, and I feel the price increase/decrease will change depending on what the banks want to do. Could be a bad thing too. I think the same  Is good that bitcoin has a fixed ratio inflaction and that a bank can't control the wast amount of bitcoin, but is easy (or at least quite easy) for a bank to take over the network (investing 10-20Milion of $ in ASIC for a medium bank is not a big problem) |
|
|
|
|
'I want to link my Bitcointalk name with BTCJam's. Verification code: 143d3c61-ee3e-4140-af6e-e87f5f80b0e7'
|
|
|
|
|
1 second is really to low: latency of the network is in some case comparable to that. But a 30second block can teoretically works.
It can fill the gap that makes bitcoin not so usable in brick and mortar shop: 20 or 30 minutes of wait in bitcoin network to have a couple of confirm of the payment will be too long to wait but in quickcoin is faster than POS payment in a lot of case.
|
|
|
|
SO how would you guess what would be avarage speed of BTC value increase in next 20 yoears? 40%/year?
And my question is, will it be more or less linear, or will it have some more fancy curve?
40 years is really too far away to made a guess. Even 20 is a long time in new branch of economy like crypthocurrency. But as long as there will be 1 or at least 2 levels of market the average velocity of circulation will be really low. You have to build a system in which goods can be bought and sold with bitcoin both for the customers and the shopkeeper. At the moment only selfmade products will be sold that way. At the moment the velocity is near 2,5-3 with trading that make a velocity of 2 alone, and a lot of bitcoin stuck in few people wallets. The curve will be probably quite linear but with a low gradient (in the 0,01-0,1) for a couple of years than if bitcoin continue to be used we can see a slightly increase in the slope with a total velocity near 5-6 in 10-15 years but non much more. |
|
|
|
Assuming that BTC is going to become world currency, it wil have to get value of some part at least of World Econymy. Example math: Data: [WE] = 61*10^12 USD World Economy - http://en.wikipedia.org/wiki/World_economy[BTCN] = ~21*10^6 BTC available Assumptions: [P] = 10% - part of World Economy that some of us suspect BTC will be used for ( [P] * [WE] ) / [BTCN] = [USD/BTC RATIO] ( 10% * 61*10^12 ) / 21*10^6 = ~6,1*10^6 With current growth speed doubling BTC value each year it will get this level in about twenty years. So Do you think that we can get stable increase of BTC value and get 10% of economy in twenty years (~2032) Or we will get some boom and get there much faster? If bitcoin will be still there they will increase for sure value in next years, but I don't think it will reach more than 0,01% of the world economy in next 20years putting a more realistic 10.000$/BTC value. How I get that number? The 90% of the World economy is from industrial and financial groups,military and gov exepenses that is really unlikely that switch to bitcoins. The remaining 10% is made by "normal" people. Nowaday there are about 1 Million BTC users out of 7billion with half of that 7billion living in the third world with a salary below 2$, so 1 user over 3500ppl, even if we increase by 10 the number of users and we can use BTC for 5% of our expenses (it's really a high value, near 3050$ of GDP per capita in bitcoin economy) we are at about 0.05%. To obtain your 10% even if bitcoin will be used by 100 milion of ppl they have to spend 61.000$ p.c. in bitcoin economy: really unlike to be possible in a 20 year future. |
|
|
|
|
I want 5 BTC: PM me the details for payment pls
|
|
|
|
vendo bitcoin a 7 euro ..sono sul sito italiano bitcoin italia
feedbak 99 % accetto postepay paypal o bonifico.
ho 400 bitcoin. saluti.
Ciao: su quale sito bitcoin italia sei? |
|
|
|
If you have an accont avaible I need another one  PM me if these are still available. I need atleast 1
Thank you! PMs Sent Accounts left: 6Bitcoin sent  Thanks Account received: fast and secure thanks  |
|
|
|
If you have an accont avaible I need another one PM me if these are still available. I need atleast 1
Thank you! PMs Sent Accounts left: 6Bitcoin sent Thanks |
|
|
|
If you have an accont avaible I need another one |
|
|
|
Mi spiace: avrei voluto esserci ma stasera ho una riunione improrogabile  |
|
|
|
Fast and smooth transaction. |
|
|
|
Per ora no (e ho fatto sia trading che acquisti/vendita di beni materiali). Sto valutando un ASIC ma non vorrei prendere proprio li la prima fregatura e pure bella grossa . |
|
|
|
|
Non si č pių fatto sentire.
|
|
|
|
|
In the payments section there is no record of the received payments: if you have only 2 or 3 investment maybe you can remember who is that have payed you, but if you have more is not so simple.
It should be possible to leave the payed investments in the list with the "Payed" status?
|
|
|
|
Another bug (maybe): a listing with 100% of funding reached is still in "funding in progress"? I try to lend some other money but the residual amount is obviously 0. ( https://btcjam.com/listings/58) |
|
|
|
|
Saved some, invested other and bought honey, tea, dropbox space, various objects on bitmit and here on the forum, Bitcoin Magazine,
|
|
|
|
|
Show Posts
