Best way to make btc?

[Blazr]

removed

[repentance]

Finally, a decent thread in this forum.  Looks like you've put some thought into how to mitigate your risk which is great to see.   Maybe add a minimum registration period to the minimum post requirement - lots of people rack up 150 posts in their first week or two.

Good luck with this venture.

[Akka]

When will you start accepting "inverstors" (just kidding)

Nice attempt and hell about time that someone starts inflating this ridiculous high interest expectations here (5-10% is still high, though).

[🏰 TradeFortress 🏰]

Nice attempt and hell about time that someone starts inflating this ridiculous high interest expectations here (5-10% is still high, though).

5-10% isn't really a high interest rate. The best rate most people can get from a traditional bank for a loan with no collateral is around 2.25% monthly, and thats usually only for longer period loans.

Check out this company:
https://www.wonga.com/

Representative APR 4214%

They offer exactly what I offer except they deal in fiat money. In the scale of things, 5-10% isn't really that bad for a 30 day loan.

Agreed. It depends on the duration, amount, and most importantly the risk.

[bowen151]

Loan from Blazr

Amount: 10BTC
Due Date: 31st/01/13
Repayment amount: 10.5BTC
Late fees: 2%/day
Funding address:  1N8hrdssnmRMwzmkFcDZasnxkWSiaD1FDz

Loan to be repaid to 1LHGZ68XFkHb3phaBNwNqtz14fKoESMvHK

[bowen151]

Loan from Blazr

Amount: 10BTC
Due Date: 31st/01/13
Repayment amount: 10.5BTC
Late fees: 2%/day
Funding address:  1N8hrdssnmRMwzmkFcDZasnxkWSiaD1FDz

Loan to be repaid to 1LHGZ68XFkHb3phaBNwNqtz14fKoESMvHK

Sent.
https://blockchain.info/tx/b364a005e69f9c08525b5b3ad342d57b0a6fcbc4d5b61486331895b08bb6ff21

Repaid:

https://blockchain.info/tx/8e4b8ff165ceed8763794769990a9e7dd31b5a961f87bee9e8558309538efa45

[21after2]

I don't need a loan, so this is simply out of curiosity: do you only lend to miners? I see that you look for verification of mining income, but not any other source of income.

[21after2]

I don't need a loan, so this is simply out of curiosity: do you only lend to miners? I see that you look for verification of mining income, but not any other source of income.

I'll lend to anyone I feel will repay on time (including miners & non-miners). Those verification steps are optional.

I gotcha. Do you ever ask for income statements from other borrowers (or recommend they have them), like pay stubs or something? I could see those adding assurance that the borrower can pay their debt.

[bowen151]

Loan from Blazr

Amount: 15BTC
Due Date: 16/02/13
Repayment amount: 16.5BTC
Late fees: 1%/day
Funding address:  19o9VkNNdNRC9X4Uwg3Xq84nYvdGa6mabB

Loan to be repaid to 1LHGZ68XFkHb3phaBNwNqtz14fKoESMvHK

[notig]

Just curious but what is the typical usage case for someone receiving one of these loans?

[🏰 TradeFortress 🏰]

Just curious but what is the typical usage case for someone receiving one of these loans?

The same use for credit cards? 

[bowen151]

I have begun to accumulate coins once again so repayment should commence as planned

Just for future reference though: do you have any terms regarding BTC value fluctuations? If there is a percentage threshold it goes over, can we lock it down to a dollar amount (example BTC value goes up 20%, loan rate gets frozen at an agreed upon $ rate)?

Or would you prefer it to be free floating and not pegged to a USD worth?

With the volatile nature of BTC it could be worth a thought or two maybe.

Cheers.

[bowen151]

Thanks Blazr, thats exactly what I needed to know.

On a related note, I have made the repayment today, heres the txid:

https://blockchain.info/tx/3db5bd94a93e0672f95fb6f3f74545bf11750a7b2f83b5ad4bb9b08df893c6eb

[segabtc]

whats rate for 20 btc for 30 days?

[Scott J]

Loan to Scott Jr

Loan amount: $400
Monthly interest: 6%
Min. payment: $130

Loan to be funded and repaid using Gox codes

Confirmed.

Thank you

[legendster]

You *probably know me. I have *probably spoken to you. Let me know if I am eligible

[Projects]

From PM:

Hi,

Yeah I can do that. If you still need the loan please quote this PM and reply with "I agree to these terms" and include your BTC address.

Loan of 5BTC, with repayment of 5.125BTC on or before 18th/June to <snip>

I agree to these terms

My address is <snip>


Thanks Blazr

Repaid a few days early , thanks alot!