[Closed] 250 BTC loan @ 0.5% interest per day !!!

[terrytibbs]

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!

[vuce]

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.

[Turbor]

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.

[vuce]

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.

[fred0]

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.

[vuce]

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.

[fred0]

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.

[nmat]

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

[ineededausername]

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

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

[fred0]

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

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

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]

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

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

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

[fred0]

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]

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

Anyone else have any questions?

[anatolikostis]

150 BTC???

[ineededausername]

150 BTC???

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

[ineededausername]

ok, let's try again. 0.5% daily interest, compounded. anyone? this is my last offer
17RiZ1eaAB9e29kuTxTh8UdPyWSiisAyaZ

[kakobrekla]

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.

[DeathAndTaxes]

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.

[copumpkin]

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.

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

[DeathAndTaxes]

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.

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

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