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Author Topic: CoinLenders vs PMBs - 100 BTC wager. Double your bitcoins if PMBs outperform CL!  (Read 1568 times)
TradeFortress 🏕
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June 04, 2013, 12:58:15 PM
 #1

Put your money where your mouth is. I'm offering a 100 BTC wager (we both send 50 BTC to an escrow, I prefer John), and I bet on that CoinLenders will outperform any PMB of your choice with sufficient volume (so share prices won't be artificially pumped just to win this wager).

CoinLenders currently pays out up to 27.25% APR for 90 days. Or, 1 BTC will yield 1.06123. How it works:

1) You pick a PMB with enough volume
2) When the bet starts, record the price that PMB.
3) After 90 days, sum up all the dividends from that PMB, and then subtract the capital loss from the decrease in the PMB's price. Find out your return over 90 days for 1 BTC.

If this value is greater than 1.06123, you win the bet and get ~98 BTC (escrow fees). If the value is lower than 1.06123 (I'm pretty sure it's going to be less than 1), I get ~98 BTC (escrow fees).

This is open to everyone.
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TradeFortress 🏕
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June 05, 2013, 07:16:16 AM
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Bump!
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June 05, 2013, 06:46:40 PM
 #3

"up to 27.25%" - what's the average return?
Also, how often do loans default? This rate would be the equivalent to the risk of PMBs going down in value over time.

Anyways, I'm definitely not going to bet on PMBs returning close to 30% APR... Tongue

Interesting and straightforward bet though. Might not be the right forum for that though?

https://www.coinlend.org <-- automated lending at various exchanges. No fees(!).
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
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June 06, 2013, 09:35:25 AM
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"up to 27.25%" - what's the average return?
Also, how often do loans default? This rate would be the equivalent to the risk of PMBs going down in value over time.

Anyways, I'm definitely not going to bet on PMBs returning close to 30% APR... Tongue

Interesting and straightforward bet though. Might not be the right forum for that though?

Up to as in, it depends on your amount and how long. For example, 150+BTC and 60 days is 27.25% APR.

You do not suffer any losses from defaults. You will get 1.06123x after 60 days with 150+BTC, period. In addition, more than half of our loans issued BTC wise are now fully secured.
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June 06, 2013, 10:03:11 AM
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Up to as in, it depends on your amount and how long. For example, 150+BTC and 60 days is 27.25% APR.

You do not suffer any losses from defaults. You will get 1.06123x after 60 days with 150+BTC, period. In addition, more than half of our loans issued BTC wise are now fully secured.
How long has coinlenders been in bussines?
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June 07, 2013, 01:32:40 AM
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CL March, BTCINVEST Jan, I discovered Bitcoin back in 2011.
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