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Author Topic: [Closed] 250 BTC loan @ 0.5% interest per day !!!  (Read 2971 times)
terrytibbs
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December 26, 2011, 08:37:38 AM
 #21

Update: You can loan a smaller amount, and be paid the proportional amount in interest.  Just thought I'd make that clear.
So your interest is 0.4% a day?
http://lmgtfy.com/?q=1%2F250
are you retarded? I was just replying to make sure....
Looking at your frustration I'd say you are the retard. Oh well!
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vuce
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December 26, 2011, 08:58:52 AM
 #22

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

In any case, I don't think that once you have an account you can just throw any amount of money into it and expect interests, makes no sense at all.
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December 26, 2011, 09:41:17 AM
 #23

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

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December 26, 2011, 10:31:39 AM
 #24

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.
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December 26, 2011, 11:49:33 AM
 #25

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.
In this case risk is multiplied, for less return.
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December 26, 2011, 11:51:46 AM
 #26

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.
In this case risk is multiplied, for less return.
Yes, this is exactly why I'm against what the op is trying to do here.
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December 26, 2011, 11:54:44 AM
 #27

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.
In this case risk is multiplied, for less return.
Yes, this is exactly why I'm against what the op is trying to do here.
Well, I'm pretty sure he's not the only one.  I'll leave that for others to figure out, not hard BTW.
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December 26, 2011, 01:52:35 PM
 #28

In any case, I don't think that once you have an account you can just throw any amount of money into it and expect interests, makes no sense at all.

Actually, I think that's pretty much it.

It's a matter of time until someone comes here with a proposal like this: I am an early pirateat40's lender so I will rent my account to you at X% interest Grin
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December 26, 2011, 02:37:32 PM
 #29

In any case, I don't think that once you have an account you can just throw any amount of money into it and expect interests, makes no sense at all.

Actually, I think that's pretty much it.

It's a matter of time until someone comes here with a proposal like this: I am an early pirateat40's lender so I will rent my account to you at X% interest Grin


Exactly.  The proposal is fucking obvious.  However, I don't see why you people are objecting to this... there are people asking for much lower interest rates who have gotten loans.  The method I use to pay your interest should be irrelevant Smiley

(BFL)^2 < 0
fred0
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December 26, 2011, 03:13:11 PM
 #30

In any case, I don't think that once you have an account you can just throw any amount of money into it and expect interests, makes no sense at all.

Actually, I think that's pretty much it.

It's a matter of time until someone comes here with a proposal like this: I am an early pirateat40's lender so I will rent my account to you at X% interest Grin


Exactly.  The proposal is fucking obvious.  However, I don't see why you people are objecting to this... there are people asking for much lower interest rates who have gotten loans.  The method I use to pay your interest should be irrelevant Smiley
If you are less of a risk than loaning directly to pirateat40 then what you say is true. However, it is not obvious that you are.

I see that other people have gotten loans so that they can loan to pirateat40, are they less of a risk that lenders should take a haircut in interest payments?


ineededausername
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December 26, 2011, 03:16:43 PM
 #31

In any case, I don't think that once you have an account you can just throw any amount of money into it and expect interests, makes no sense at all.

Actually, I think that's pretty much it.

It's a matter of time until someone comes here with a proposal like this: I am an early pirateat40's lender so I will rent my account to you at X% interest Grin


Exactly.  The proposal is fucking obvious.  However, I don't see why you people are objecting to this... there are people asking for much lower interest rates who have gotten loans.  The method I use to pay your interest should be irrelevant Smiley
If you are less of a risk than loaning directly to pirateat40 then what you say is true. However, it is not obvious that you are.

I see that other people have gotten loans so that they can loan to pirateat40, are they less of a risk that lenders should take a haircut in interest payments?




I am less of a risk, because I have money coming in and because both I and pirate can pay you back.  Essentially, you are diversifying your risk and paying me for the insurance.

You never know whether the other lenders are loaning to pirate or not.  What if ThiagoCMC were lending to pirate?  He'd make a tremendous profit on his 200 BTC loan.  It appears mentioning pirate at all was a mistake.

Look, bottom line is that I'm offering an interest rate second only to pirate, and insuring your loan too.  Are you interested?


---

Ok, I've just updated the interest rate.  Now it's 1.5 BTC a day.  Anyone?
17RiZ1eaAB9e29kuTxTh8UdPyWSiisAyaZ

(BFL)^2 < 0
fred0
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December 26, 2011, 03:30:36 PM
 #32

Look, bottom line is that I'm offering an interest rate second only to pirate, and insuring your loan too.  Are you interested?

---

Ok, I've just updated the interest rate.  Now it's 1.5 BTC a day.  Anyone?
17RiZ1eaAB9e29kuTxTh8UdPyWSiisAyaZ

Not right now, bitcoins are occupied. But thanks for the clarification.
ineededausername
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December 26, 2011, 03:38:41 PM
 #33

Look, bottom line is that I'm offering an interest rate second only to pirate, and insuring your loan too.  Are you interested?

---

Ok, I've just updated the interest rate.  Now it's 1.5 BTC a day.  Anyone?
17RiZ1eaAB9e29kuTxTh8UdPyWSiisAyaZ

Not right now, bitcoins are occupied. But thanks for the clarification.

No problem Smiley

Anyone else have any questions?

(BFL)^2 < 0
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December 26, 2011, 03:42:43 PM
 #34

150 BTC???
ineededausername
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December 26, 2011, 03:48:06 PM
 #35

150 BTC???

huh? if you want to lend 150 BTC, sure.  I can give you 0.9 a day for 150.

(BFL)^2 < 0
ineededausername
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December 26, 2011, 07:00:54 PM
 #36

ok, let's try again. 0.5% daily interest, compounded. anyone? this is my last offer
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kakobrekla
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December 27, 2011, 03:16:42 PM
 #37

Anyone else have any questions?

Edit 2: If you have any outstanding issues/debts with either the forum or IRC don't even think about contacting me to invest.


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December 27, 2011, 04:36:28 PM
 #38

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.
In this case risk is multiplied, for less return.

Well not for the OP.  return is multiplied and risk is reduced to nothing. Smiley
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December 27, 2011, 05:01:19 PM
 #39

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.
In this case risk is multiplied, for less return.

Well not for the OP.  return is multiplied and risk is reduced to nothing. Smiley

Not really. He's both a lender and a borrower, and in this case he's lending more than he actually has, and thus if pirateat40 defaults (sure, unlikely), he'll be in even deeper shit than if he was just lending his own money, because he'll still owe money to his own lender. This borrow->lend business he wants to do is mostly arbitrage, so risk is low, but counterparty risk is still nonzero Smiley
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December 27, 2011, 05:16:34 PM
 #40

This is exactly what is wrong with the society today: too many middle men trying to get rich of others with doing nothing. If this is indeed the case and you can't lend to pirate directly you can lend to me and I'll give you your fair share of the profit. People like this make me sick.

It's only a question of time until someone loses money at 1% daily rates.

well this is how investing works, there can't be profit without risk.
In this case risk is multiplied, for less return.

Well not for the OP.  return is multiplied and risk is reduced to nothing. Smiley

Not really. He's both a lender and a borrower, and in this case he's lending more than he actually has, and thus if pirateat40 defaults (sure, unlikely), he'll be in even deeper shit than if he was just lending his own money, because he'll still owe money to his own lender. This borrow->lend business he wants to do is mostly arbitrage, so risk is low, but counterparty risk is still nonzero Smiley

Well my point is he isn't risking any capital.  If things go south he can (not that he will) simply walk away.  His maximum net loss if walking away is 0.00
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