How much for a loan (600BTC)?

[capn noe]

In my experience you have to go through this with almost every loan request.

While I can understand people wanting to call out actual scammers, it's usually the people who aren't involved in lending who shout the loudest.

Yeah, I wonder if some of these comments aren't copy/pasted from a file.

Seriously though, a scam accusation thread for each post would be pretty awesome. Trollish subforums for offtopics, doxxing, mocking, and the like with little or no moderation is a great way to make sure people with VERY IMPORTANT POINTS TO MAKE can make them. The 'trolls' here are responsible for more investigation than any Bitcoin Police ever were, and that service shouldn't be disregarded.

Scammers Are Pieces Of Shit would be a good name for that subforum.

[BurtW]

But I don't think you find a competitive loan here. Bitcoiners are still used to ridiculous rates from various scams.

2) I lend out my BTC and get back LESS of them.  I end up with LESS BTC at the higher value.

Not if you just use BTC as transfer medium of value as I proposed.

Meaning

• 1. The Lender buy bitcoin worth 6000$ and transfers them
• 2. The reciever sells them, as he need $
• 3. To payback he buy bitcoin worth of 6000$ + interest
• 4. Lender has made a profit

This way both partys are protected from voltarity.

The point is that if I am long BTC then I expect to make more money in your example by doing the following:

• 1. The Lender buys bitcoin worth 6000$ and keeps them

AND I do not have to worry about a default!

[ElectricMucus]

Yeah, I wonder if some of these comments aren't copy/pasted from a file.

Oh wow this is becoming more entertaining than I initially thought.  


Protip: If this were a genuine effort you would have responded to the issues about volatility over the lending period, which you didn't.

[capn noe]

Oh wow this is becoming more entertaining than I initially thought.  


Protip: If this were a genuine effort you would have responded to the issues about volatility over the lending period, which you didn't.

This post would be representative of genuine effort if it recognized the ongoing discussion about loan volatility going on already in this thread.

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[ElectricMucus]

So, tell me, were you a parrot in your past life?

[Akka]

ElectricMucus, capn noe is one of the few people offering real world products for BTC.

If you would look in his thread you see that he is someone who just resently dicoffered Bitcoin and is already hooked.

If you look in the thread in the sig. You can see pics and the homepage of his real world company which has already sold products ordered through this forum.

The worth of this company is definitely worth more than 6000$, so there is at least reason to believe it legit.

The matter of safety and scam probability should be discussed before actually giving a loan, but just attacking anyone on sight isn't helping.

[BurtW]

capn noe,

Since you are new you may not know about the "ignore" button.  Right below Electic Mucus you will see a little yellow "ignore" bar.  If you click on it then you won't have to read anything more from him.  The more people that have placed someone on ignore the more yellow the bar.  His bar is very yellow because you are not the only one that is annoyed by him.  Ignore him and forget him.

[ElectricMucus]

Cool thanks I consider it an honor if some ignorant hasshat puts me on ignore.

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