AT101ET (OP)
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December 12, 2013, 05:32:33 PM Last edit: December 26, 2013, 02:26:41 AM by AT101ET |
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Hi, I've got some BTC that I'm prepared to loan out. I will not lend out more than 0.1 BTC at a time to any one user. Every loan amount must be repaid with a .5 addition to the initial loan. Say 0.01 was borrowed. I expect 0.015 back. Say 0.2 was borrowed, I expect 0.25 back. You get the drift... So if someone borrows 0.1 BTC, the repayment must be 0.15 BTC I add .5 of the next decimal to their order. 0.1 BTC=0.15 BTC 0.01 BTC=0.015 BTC 0.001 BTC=0.0015 BTCThe user must be a trusted member on the forum, and provide a collateral of some sort. (Preferably LTC) If you're interested and fit the criteria, please post below and I'm sure we can arrange something. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Kinderachtig
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December 12, 2013, 06:05:48 PM |
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Why would anyone lone btc if they enough LTC. They can just buy BTC with LTC on websites like BTC-E.com, and save thereselves from paying 0.05 interest.
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AT101ET (OP)
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December 12, 2013, 06:12:51 PM |
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Because perhaps they don't want to spend their LTC? The LTC is only a collateral should the user not be able to repay the loan. If a user needs the BTC desperately and knows that he/she can pay it back then there's no reason why they should sell their LTC for BTC only to later use the BTC and buy back the LTC.
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Kinderachtig
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December 12, 2013, 06:36:50 PM |
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Because perhaps they don't want to spend their LTC? The LTC is only a collateral should the user not be able to repay the loan. If a user needs the BTC desperately and knows that he/she can pay it back then there's no reason why they should sell their LTC for BTC only to later use the BTC and buy back the LTC.
Yes, you are right. Instead of turning my ltc ot btc ill just pay 50 usd interest. I think ill just LTC->BTC, BTC->LTC and buy 2.5 LTC instead instead of pay you interest
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Tomatocage
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brb keeping up with the Kardashians
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December 12, 2013, 08:39:38 PM |
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Why would anyone lone btc if they enough LTC. They can just buy BTC with LTC on websites like BTC-E.com, and save thereselves from paying 0.05 interest. Why would anybody take a loan out against their house when they could just sell their house?
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monbux
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December 12, 2013, 08:55:52 PM |
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Because perhaps they don't want to spend their LTC? The LTC is only a collateral should the user not be able to repay the loan. If a user needs the BTC desperately and knows that he/she can pay it back then there's no reason why they should sell their LTC for BTC only to later use the BTC and buy back the LTC.
Yes, you are right. Instead of turning my ltc ot btc ill just pay 50 usd interest. I think ill just LTC->BTC, BTC->LTC and buy 2.5 LTC instead instead of pay you interest Quote from the discoverer of the golden egg. @OP, you said they must return a 0.5 BTC extra. Also, perhaps specify the interest in percentage. Someone in need of a 0.01 BTC loan is not going to pay 600% of the initial loan.
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AT101ET (OP)
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December 12, 2013, 09:40:39 PM |
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Why would anyone lone btc if they enough LTC. They can just buy BTC with LTC on websites like BTC-E.com, and save thereselves from paying 0.05 interest. Why would anybody take a loan out against their house when they could just sell their house? Great comparison. Thanks. Sometimes its just too difficult to explain these things. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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AT101ET (OP)
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December 12, 2013, 10:12:52 PM |
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Because perhaps they don't want to spend their LTC? The LTC is only a collateral should the user not be able to repay the loan. If a user needs the BTC desperately and knows that he/she can pay it back then there's no reason why they should sell their LTC for BTC only to later use the BTC and buy back the LTC.
Yes, you are right. Instead of turning my ltc ot btc ill just pay 50 usd interest. I think ill just LTC->BTC, BTC->LTC and buy 2.5 LTC instead instead of pay you interest Quote from the discoverer of the golden egg. @OP, you said they must return a 0.5 BTC extra. Also, perhaps specify the interest in percentage. Someone in need of a 0.01 BTC loan is not going to pay 600% of the initial loan. I admit I wasn't clear enough. I've now edited the main post. Thanks
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zolace
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December 13, 2013, 06:57:10 AM |
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I would like this loan can pay in 24 hours, I have loaned and took loans from people on the bitcointalk community. I can offer access to my xbox 60 account with many games purchased. Thats my collateral
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Kinderachtig
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December 13, 2013, 05:45:58 PM |
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Why would anyone lone btc if they enough LTC. They can just buy BTC with LTC on websites like BTC-E.com, and save thereselves from paying 0.05 interest. Why would anybody take a loan out against their house when they could just sell their house? Your comparment is like comparing apples with pears, it is so retarted that I will not discuss with you anymore. Muted
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monbux
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December 13, 2013, 07:07:54 PM |
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Why would anyone lone btc if they enough LTC. They can just buy BTC with LTC on websites like BTC-E.com, and save thereselves from paying 0.05 interest. Why would anybody take a loan out against their house when they could just sell their house? Your comparment is like comparing apples with pears, it is so retarted that I will not discuss with you anymore. Muted lol you asked a question, he answered with a question that any normal human being would have then taken that question to answer their own question. Comparing apples with pears? How is that retarded?
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AT101ET (OP)
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December 14, 2013, 05:43:09 PM |
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I would like this loan can pay in 24 hours, I have loaned and took loans from people on the bitcointalk community. I can offer access to my xbox 60 account with many games purchased. Thats my collateral
Hi, Sounds promising. Can you please elaborate on what your account has to offer? Thanks
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jbab
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December 14, 2013, 07:22:39 PM |
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Im hearing monbux is a scammer. i wouldnt loan to him.
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zolace
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December 14, 2013, 07:57:05 PM |
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I would like this loan can pay in 24 hours, I have loaned and took loans from people on the bitcointalk community. I can offer access to my xbox 60 account with many games purchased. Thats my collateral
Hi, Sounds promising. Can you please elaborate on what your account has to offer? Thanks on y xbox 360 account i have fable, deadisland riptide, supreme commander, dragon ball Z tenkachi. Call of duty ghosts, Dead rising 2. Walking dead by taletell games.
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zolace
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December 14, 2013, 07:58:52 PM |
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Im hearing monbux is a scammer. i wouldnt loan to him.
LOL Jbad
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AT101ET (OP)
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December 14, 2013, 08:31:14 PM |
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I would like this loan can pay in 24 hours, I have loaned and took loans from people on the bitcointalk community. I can offer access to my xbox 60 account with many games purchased. Thats my collateral
Hi, Sounds promising. Can you please elaborate on what your account has to offer? Thanks on y xbox 360 account i have fable, deadisland riptide, supreme commander, dragon ball Z tenkachi. Call of duty ghosts, Dead rising 2. Walking dead by taletell games. Doesn't really seem worth much as a collateral. The collateral should be worth more than the loan. You could easily say your account was hacked. Do you have any LTC/PPC?
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zolace
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December 14, 2013, 08:37:56 PM |
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no but I have a loan that will be paid back to me by next week I hope. The loan is not really important. I have loan to two people on this forum and they can vouch for me. Also known in the primedice community.
Those games cost me about 200 in total.
can take a loan of 0.003 dont have to be a big loan.
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sergiom
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December 26, 2013, 01:20:28 AM |
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Hello
I would apply for a loan 0f 0.08. Payment in up to 7 days.
thanks
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AT101ET (OP)
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December 26, 2013, 01:29:45 AM |
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Hello
I would apply for a loan 0f 0.08. Payment in up to 7 days.
thanks
So, 0.08 BTC loan. Repayment of 0.13 BTC on 2nd Jan 2014. What collateral can you offer?
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sergiom
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December 26, 2013, 02:13:43 AM Last edit: December 26, 2013, 03:46:22 AM by sergiom |
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Say 0.01 was borrowed. I expect 0.015 back.
According to your rules it not should be a Repayment of 0.085 BTC on 2nd Jan 2014? thanks
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