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Author Topic: Micro loan Service  (Read 195 times)
generatorhd
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April 18, 2018, 12:55:23 PM
 #1

Amount i have currently: 0.00018 btc
Collateral 120% of the total loan amount
Repayment 0-7 days with 10% interest charged at the end, if repayment is later i will charge 0.0001 on top for everyday that is missed.
In the case of a defaulted loan, collateral will be sold or kept by me.
Escrow can be used but you pay the fees
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actmyname
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May 23, 2018, 07:27:57 PM
 #2

Micro is right. That's less than $2. What, I need a loan to buy a pen? The transaction fee is going to be 10% of the loan amount!
Maybe you should start with at least $100?

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May 24, 2018, 04:14:55 AM
Merited by actmyname (1)
 #3

Micro is right. That's less than $2. What, I need a loan to buy a pen? The transaction fee is going to be 10% of the loan amount!
Maybe you should start with at least $100?

As a borderline nerd I would like to play the devil's advocate here and point out that micro(μ) scientifically according to the Système international d'unités's metric prefixes standards for 10−6 of a given unit. Since this is Bitcointalk we can assume that the default "metric" unit can be assumed to be a BTC and thus a μBTC loan would be for loans in and around the range of 0.000001BTC. Thus the lender's service is actually beyond a micro loan and nearly touches the territory of a milli loan service



Obligatory sarcasm note for those who fell for Poe's Law

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