Uncollateralized Gambling Loans

[snailmen]

Giving out 0.01 for you to gamble away or win big. Accepting most trustworthy members who I think will repay. You must repay within 7 days, or I will consider it defaulted. No interest.

Only term is that if you win 0.1+, you owe 20% of profits to me along with the 0.01. If you lose, you can return 0.01 (no interest).

Just post below asking for the loan. If you're accepted I'll PM you. My BTC is on MoneyPot.com so I can tip you there so you can play instantly. Oh yeah, and Vod, I'm not encouraging scamming so plz don't leave a red on me, I'm trying to do something nice and fun.

Approved Members:

1aguar - October 25

[1aguar]

OK, let's play! I have made my account; awaiting your PM. 

[reminesjoseph]

Lets Play!
Moneypot wallet address-1DXh2EYcqDoEcBVGFUcYgkser49p2jmQdd

[snailmen]

How about, let's not play ^^

[reminesjoseph]

crypto-burn!!

[ajrah]

OP maybe you should define clearly what "trustworthy members" is because I see 2 newbie post's already here asking taking advantage of your no collateral loan. But don't get me wrong, there's nothing wrong with what you are offering. Adding to your OP exact forum rank I guess will help. cheers bud!

[marjod]

I'm not sure if this kind of thread belong to the lending section as it involved gambling.

This kind of loan is risky for you because you have absolutely no guarantee that people will play it fair and repays you, even if it is trusted members.
If someone will 0.1 BTC with your "loan", he/she can repays you only 0.01 BTC because you can't prove that the borrower won (maybe I'm mistaken, I don't know how Moneypot works).

[mark coins]

I'm not sure if this kind of thread belong to the lending section as it involved gambling.

This kind of loan is risky for you because you have absolutely no guarantee that people will play it fair and repays you, even if it is trusted members.
If someone will 0.1 BTC with your "loan", he/she can repays you only 0.01 BTC because you can't prove that the borrower won (maybe I'm mistaken, I don't know how Moneypot works).

wrong. if someone borrow .01btc then he will only pay .01btc if he losses in gambling but if the borrower won atleast .1btc then he should pay with atleast 20% of the profit gained

Only term is that if you win 0.1+, you owe 20% of profits to me along with the 0.01. If you lose, you can return 0.01 (no interest).

[marjod]

Maybe I had to precise my thoughts:

Imagine I borrow 0.01 BTC to snailman. Because of a Lucky day, I manage to win 0.1 BTC. And because I'm a greedy bastard and want to keep all the gain for me, I decide to repay only 0.01, the amount of my loan. I tell snailman I won nothing with his loan and only repays him the loan.

I think this is a case of social trust. If you can't prove you won, why bother repays the asked 20% if snailman can't verify this ?
Do this made my point more clear ?

[snailmen]

Maybe I had to precise my thoughts:

Imagine I borrow 0.01 BTC to snailman. Because of a Lucky day, I manage to win 0.1 BTC. And because I'm a greedy bastard and want to keep all the gain for me, I decide to repay only 0.01, the amount of my loan. I tell snailman I won nothing with his loan and only repays him the loan.

I think this is a case of social trust. If you can't prove you won, why bother repays the asked 20% if snailman can't verify this ?
Do this made my point more clear ?

Good point. Guess I'll lock the thread then.