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Author Topic: Can anyone lend me 0.0820 BTC? 50% interest, pay back within 2 weeks  (Read 1560 times)
Trongersoll
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April 10, 2013, 09:55:50 AM
 #21

basically, loaning BTCs won't be feasable until someone comes up with a way to force repayment. Since everything is pretty much anonymous, there is no way to insure collection. How do you break a guy's legs when you don't know where in the world he is?
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legendster
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April 10, 2013, 08:16:31 PM
 #22

basically, loaning BTCs won't be feasable until someone comes up with a way to force repayment. Since everything is pretty much anonymous, there is no way to insure collection. How do you break a guy's legs when you don't know where in the world he is?

Why do u need to break someone's leg to collect the money ? dude that is SO ancient !


Anyway if anyone were to lend me some coins I'd gladly invite them to my home first & let them check me out first !

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jerethdaminer
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April 10, 2013, 08:38:08 PM
 #23

it all comes down to trust in the end ( and noisy pcs ) but mostly trust

someone could be 100% honest and asking for a small loan to test something out
they could be a scammer they also could be the prince of persia

the entire bitcoin system is based on it i sell a coin i trust ill get $ for it i might not its a risk and one ive yet to take no $ for coins Sad
any thoughts on the whole trust issue
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April 10, 2013, 10:05:15 PM
 #24

People have TRUSTED BFL with their money and pre orders.. so why not a legit guy like me ?

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lazarus
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April 10, 2013, 10:14:38 PM
 #25

I'd love to loan ppl BTC if we had some sort of a site that acted as a middleman. Obviously most ppl on this thread (including me) cant be trusted yet since we're all newbies...

I intend on changing that soon tho =] [=
basically, loaning BTCs won't be feasable until someone comes up with a way to force repayment. Since everything is pretty much anonymous, there is no way to insure collection. How do you break a guy's legs when you don't know where in the world he is?
What you're describing isn't a new problem. Marketplaces have solved it m by having a means for buyers to rate sellers (and vice versa) as well as having an escrow system. A good example is PayPal.
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April 10, 2013, 10:20:15 PM
 #26

bitcoin could do that to if the addresses wernt cryptic and avalable at whim  sure we could open a registrar site but that would only work for goods and trades done on forum i feel a escrow/clearing house is needed even a trustworthy mediator would do

as to the op im sorry if i could help i would,
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