Closed

[jonsi]

Updates AND repayments would be made daily

This kind of promise is not worth anything because it relies on the lender first sending money to you, just as a loan without this promise.

@OP: In the event that you "get hit by a bus", how would the lender be able to recoup his loaned ammount?

This problem is not unique to this loan request. As is the case with all other no collateral loans, the lender would not be repaid.

The lender could file a claim against the estate however if collateral cannot be offered, there is a good chance the estate would be unable to pay. Also for the amount involved, going after the estate is probably not cost efficient.

I know that this is not unique to this loan request and can be disregarded for non collateral microloans, but this is not the case here (3000 - 5000 EUR is not a microloan).

So again, OP can you please explain how would the lender recoup his loaned amount if this situation would be to occur?

[Vod]

2 week interest, repayments daily, updates daily. Example: 1000 EUR would net you 1100 EUR in 2 weeks (with 50-100 EUR paid daily from generated income).

So now you are promoting ponzis? 

[PrimeNumber7]

2 week interest, repayments daily, updates daily. Example: 1000 EUR would net you 1100 EUR in 2 weeks (with 50-100 EUR paid daily from generated income).

So now you are promoting ponzis? 

He described to me what his plans were for the loan proceeds, and they were not to be used for anything resembling a ponzi.

What he described involved taking advantage of a limited time promotion being offered by a new business. The business would be trusted with the entire 5,000 EUR, and there is a chance the terms may not be met. The value of the cryptocurrencies may also decline below the 5,000 EUR lent and this is another risk.

The business in question is not one that I would trust with 500 EUR, and I am not entirely sure it is an entirely separate entity from marcotheminer. I have never heard of this business prior to me speaking with marcotheminer about this loan.

He claims to be unemployed and does not appear to have the means to repay the loan including interest if one or more of the above risks are realized.
If I completely ignore the fact that his

recent loan history is an indication (he is) intending on eventually () tak(ing) out a large loan and run(ning) away

then I would conclude this is a bad idea to participate in this loan. I do not think it is an acceptable risk to ignore that his loan history indicates he will take the large loan and run away.

tl;dr - not a ponzi, still a very bad idea to lend to him

[marcotheminer]

2 week interest, repayments daily, updates daily. Example: 1000 EUR would net you 1100 EUR in 2 weeks (with 50-100 EUR paid daily from generated income).

So now you are promoting ponzis?  

He described to me what his plans were for the loan proceeds, and they were not to be used for anything resembling a ponzi.

What he described involved taking advantage of a limited time promotion being offered by a new business. The business would be trusted with the entire 5,000 EUR, and there is a chance the terms may not be met. The value of the cryptocurrencies may also decline below the 5,000 EUR lent and this is another risk.

The business in question is not one that I would trust with 500 EUR, and I am not entirely sure it is an entirely separate entity from marcotheminer. I have never heard of this business prior to me speaking with marcotheminer about this loan.

He claims to be unemployed and does not appear to have the means to repay the loan including interest if one or more of the above risks are realized.
If I completely ignore the fact that his

recent loan history is an indication (he is) intending on eventually () tak(ing) out a large loan and run(ning) away

then I would conclude this is a bad idea to participate in this loan. I do not think it is an acceptable risk to ignore that his loan history indicates he will take the large loan and run away.

tl;dr - not a ponzi, still a very bad idea to lend to him

That's a huge compliment: I would never be able to create that site. Did you even do your research into it? Let me guess, no, because you weren't serious about it.

I'm about as unemployed as any entrepreneur.

If you are so skeptical don't bother inquiring, I'm making my money - just could be making more with extra capital. For all the reasons I can show.

The very bad idea thought stems from me repaying 2 loans late and with extra interest, mull over that. This is an entirely different income opportunity (not what I was doing with the 0.02-0.05BTC loans I was taking, some of those were even for personal expenses.)

2 week interest, repayments daily, updates daily. Example: 1000 EUR would net you 1100 EUR in 2 weeks (with 50-100 EUR paid daily from generated income).

So now you are promoting ponzis?  

No

[PrimeNumber7]

I'm about as unemployed as any entrepreneur.

Do you have a job? Do you have any income besides your anticipated income from this venture?

I would also want to know why you trusted me with the details of your plan. You don't know me, except that you asked me to promise to keep the details of your plan confidential.

[marcotheminer]

I'm about as unemployed as any entrepreneur.

Do you have a job? Do you have any income besides your anticipated income from this venture?

I would also want to know why you trusted me with the details of your plan. You don't know me, except that you asked me to promise to keep the details of your plan confidential.

I trust people, at least try to if there's a hint of confidence to be found.

[PrimeNumber7]

I'm about as unemployed as any entrepreneur.

Do you have a job? Do you have any income besides your anticipated income from this venture?

I would like to repeat this question. Thanks.

[marcotheminer]

I'm about as unemployed as any entrepreneur.

Do you have a job? Do you have any income besides your anticipated income from this venture?

I would like to repeat this question. Thanks.

What's next, full autopsy?

[codehtcmail]

I see you're asking for a serious lender, I have to ask you, do you consider yourself a serious borrower, as in have you been making steady and prompt repayments on your previous loans to ask for a "big" loan of 3,000 to 5,000 EUR ?

[suchmoon]

I'm about as unemployed as any entrepreneur.

Do you have a job? Do you have any income besides your anticipated income from this venture?

I would like to repeat this question. Thanks.

What's next, full autopsy?

Borrower's income is quite important for evaluating the risk although in this case it's not gonna change a thing. C- for not lying at least.

We can't really do an autopsy unless you're dead. Are you dead? That also would affect the risk.

[jonsi]

I'm about as unemployed as any entrepreneur.

Do you have a job? Do you have any income besides your anticipated income from this venture?

I would like to repeat this question. Thanks.

What's next, full autopsy?

Borrower's income is quite important for evaluating the risk although in this case it's not gonna change a thing. C- for not lying at least.

We can't really do an autopsy unless you're dead. Are you dead? That also would affect the risk.

Don't bother to explain. OP is deliberately ignoring legit questions. Mine also was ignored twice.

If the loan would be legit, OP would engage in discussion and answer questions to prove his credibility.

Based on his shady behaviour I think that OP is atempting an exit scam. I would advice everyone to stay away from this.

[marcotheminer]

I'm about as unemployed as any entrepreneur.

Do you have a job? Do you have any income besides your anticipated income from this venture?

I would like to repeat this question. Thanks.

What's next, full autopsy?

Borrower's income is quite important for evaluating the risk although in this case it's not gonna change a thing. C- for not lying at least.

We can't really do an autopsy unless you're dead. Are you dead? That also would affect the risk.

Don't bother to explain. OP is deliberately ignoring legit questions. Mine also was ignored twice.

If the loan would be legit, OP would engage in discussion and answer questions to prove his credibility.

Based on his shady behaviour I think that OP is atempting an exit scam. I would advice everyone to stay away from this.

I haven't seen any post of yours. I'll find it now.

[LFC_Bitcoin]

@OP: In the event that you "get hit by a bus", how would the lender be able to recoup his loaned ammount?

If I disappear with the money, people either track me down or yeah the money is gone. That's the same situation with 99% of loans here.

Lots of loans here the borrower provides collateral so the lender doesn’t have to chase the borrower if he disappears. You don’t provide collateral so it isn’t the same situation as 99% of loans here.

[marcotheminer]

@OP: In the event that you "get hit by a bus", how would the lender be able to recoup his loaned ammount?

If I disappear with the money, people either track me down or yeah the money is gone. That's the same situation with 99% of loans here.

Lots of loans here the borrower provides collateral so the lender doesn’t have to chase the borrower if he disappears. You don’t provide collateral so it isn’t the same situation as 99% of loans here.

I see where you're coming from. Anyway, if I had something to put up for collateral I would convert it to liquid.

[PrimeNumber7]

I'm about as unemployed as any entrepreneur.

Do you have a job? Do you have any income besides your anticipated income from this venture?

I would like to repeat this question. Thanks.

What's next, full autopsy?

Answering this very basic question should address at least one part of my above concerns.

As it stands right now, even if one were to operate under the assumption that you are an upstanding person with impeccable and unimpeachable reputation, this loan would be a very bad idea to participate in as a lender. I am giving you the opportunity to try to change that.

I believe the comment made by codehtcmail is very interesting. I do not believe you are acting like a serious borrower when responding to enquries.

[marcotheminer]

Closed.