Old US Army Jackets, complete with airborne patch.

Would take like $30 for them?

Post your requests below in the form:

Loan amount required:
120% - 150% Collateral (if you want a sure deal):
Term length:
Interest:

Great Escrow Service! Hell of a guy!

You dont read before you post, thats why your stupid.

If the money from a loan is not returned we sell the borrowers collateral to cover the loss. However at the moment our program needs to be reworked.

vod was kind enough to point out a lot of flaws in my system. So this service will be down until we can fix them. No investments have been sent to us as of this post.

I didn't know that either, I'll ask the Merrill Lynch guy at my branch about it tomorrow and see what he thinks about that article.

Alright I get your point. Its not that great of an Idea I suppose, not so much because of the "I work at bank" thing but mainly because I just realized there really isn't anything I couldn't do to stop you from doing that.

I don't know for sure if the bank would be mad about this? They might take issue with it but considering its not a real bank and bitcoin is not a real currency it might be ok. I should probably check at work about that tomorrow.

I actually hadn't considered that. Do you have an Idea on how I could fix that problem? I guess to do that I would have to do something like cryptsy does, and that seems like way more trouble than its worth.

:/ shit.

I don't know if doing this would get me fired.

Can you also fix the neg feedback? The interest doesn't compound so the 125% rate is completely wrong. Can you fix it to say the actual rate of 80% per year?

Well because getting a loan from an actually bank is a pain in the ass at my age, even though I work for Bank of America.  This just seemed like a reasonable way for me to get enough coin in one place to turn a profit. The investors would make money, I would make some money, and people would have easier access to loans (with proper collateral).

Started this with good intentions :/

Also could you fix where it says 125% per year in the feedback? Its only 80% per year the interest isn't compound so we don't go anywhere close to that number.

Its seriously not a ponzi, we don't only make money from the loans we are also trading coins and stuff.

A ponzi is payments from other investors which is something we would not be doing. Again the rate is not guaranteed only projected.

If you set yourself up with a trading investment account, and we use your .6 btc and buy lets say litecoin at a low price then sell it when its higher, you gain a bit of profit from that. Then if we use some part of your .6btc to issue a loan you gain profit from that as well (once the loan is repaid). I really cannot stress enough how the interest rate is not guaranteed its just the cap for your account.

Edit: So lets say we use your .6btc to make 1.5btc in trades a loans over the course of a year. That means you made 0.504 in BTC for investments that year (again this is not a guaranteed rate) while we make 0.396 BTC. ( 1.5 btc - .6 = .9 btc - .504 - 0.396BTC)

Its not compound interest, the interest is paid into your personal wallet at the end of the month, you only earn interest off of your initial investment. Other wise we would make no money and be far past fucked in a month.

Edit: Example

If you deposit .6 BTC which is the largest amount you can invest with us currently, you can make up to 0.042 per month
(depending on the investment package) that 0.042 will not gain interest.

Its not 125% per year at all. Its a little closer to 80% of initial investment per year.


Edit: Also the rate IS NOT GUARANTEED! Please read the site the fine text at the bottom of the investments page.

Edit:

This Idea had way to many flaws in it for me to continue with it.

Shout out to VOD for pointing them out and saving me a huge pain in the ass.

How so? A ponzi pays investors with other investors money, we are paying with interest from loans we issue with your money, and with profits from trades.

So this started out as an Idea a few of my friends and I started to kick around.

http://www.navismarisgov.com/bank-of-navismaris.html

That is the Bank of Navismaris where you can invest and earn BTC passively!


How will you turn my BTC into more BTC? That part is fairly simple. When you invest your money into bank of Navismaris we will use a portion of your funds to issue loans. We charge interest on these loans and give you a percentage of the profit.

What types of accounts do you offer?


Investment Account (We use your investment for trading )


Interest Account (We use your investment for loans, this account type is the only account that is insured)


Mutual Funds Account (We use half your investment for trading and half for loans)


How much money will I make per month investing with your bank?

The return can be as high as 7% per month!

I kind of want to try this, what is the absolute minimum I can invest?
You can invest as little as .03 btc.

When will I get paid? Your interest will be deposited into your account on the 1st of each month.

How long until I can get my initial investment back?
If you would like us to return your initial investment, your account with us has to be at least one month old. After that you can have your funds returned to you whenever you'd like.

How do I invest?
If your interested in investing you can get in contact with me, via PM or email, and I will do my best to find the account thats right for you. After you have opened your account please reply here with this form filled out.

Username:
Account type:
Investment:

I would rather not post exactly what the Idea is here, so Pm me if your interested. You should have experience in the following

Website design

ActionScript/JavaScript/python

......Just those two I guess actually.

If you like the idea feel free to tip me but you don't have to

Thanks Phil Davis  without you I would be broke as fuck right now! The fight was a little dry but with the money I put on you it was very comforting to watch you take down your opponent over and over while avoiding a large number of his strikes.

Also to everyone who bet on Teixeira tonight, thanks for the money

Loan Amount .13 btc

Interest: 3%

Collateral: $50 skrill