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Author Topic: Can anyone lend me 0.0820 BTC? 50% interest, pay back within 2 weeks  (Read 1630 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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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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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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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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