Looking for a 5+ BTC loan, 1-2 days, no interest. EASY OTC rating ;)

[JamezQ]

I'm a fairly new member here, but I know I have worked with some of you, so I must have some rep to give.

Anyway, ++ to nster, gave 40 BTC loan, got repaid in time. He also helped me set up my auth on #bitcoin-otc, (okay, he gave me the links to do it, but he was willing to give me a 30 min tutoring process , so that helps for me trading in the future.

Anyway, this has just been another successful experiment of mine playing with bitcoins, fun stuff.

[nanotube]

good point. I'm not sure how to prove to you that he is not my account, if you have any ideas, I wouldn't mind doing so

Maybe some kind of 6-degrees chart of OTC raters would be good?

the full db of ratings has a nice web interface:
http://bitcoin-otc.com/viewratings.php
and also a cool contributed graph:
http://corrupt.jails.se/~magnetron

the irc command 'gettrust' gives you level1 (direct) and sum of level2 (second degree) ratings. (more levels soon to come).

so in fact... that's pretty much the direction OTC web of trust is leaning in.

[mndrix]

I just sent you 200.46 btc to your sig address... please send it back to me as soon as you read this... 1La3J9TgMzhctSjKrYhHyhs7b5agGynyiZ

doood, I wasn't entirely sure if you were addressing me or OP, but if you sent the 200.46 coins to me, I'll send them back on Monday.  I'll be away from my wallet until then.

[Alex Beckenham]

I just sent you 200.46 btc to your sig address... please send it back to me as soon as you read this... 1La3J9TgMzhctSjKrYhHyhs7b5agGynyiZ

doood, I wasn't entirely sure if you were addressing me or OP, but if you sent the 200.46 coins to me, I'll send them back on Monday.  I'll be away from my wallet until then.

No rush. I do enjoy a good social experiment now and then.

[nanotube]

In my view, trust is gained by declining opportunities for theft.  When one borrows Bitcoins, he can steal those coins by not repaying the loan.  When he repays the loan, he has declined the opportunity to steal and thereby increased his trust.  With larger loan amounts, the reward for stealing is higher and the trust for faithful repayment is proportionally higher.

A Bitcoin lender has no "theft opportunity", so he gains no extra trust from me by participating in a loan.  However, my estimation of the lender's value to the community increases because he's extending a "theft opportunity" to others allowing them to prove their honesty.

Really well said, mndrix.

I just sent you 200.46 btc to your sig address... please send it back to me as soon as you read this... 1La3J9TgMzhctSjKrYhHyhs7b5agGynyiZ

haha, looks like you have just invented a new pastime: spam lending.

[NghtRppr]

I just sent you 200.46 btc to your sig address... please send it back to me as soon as you read this... 1La3J9TgMzhctSjKrYhHyhs7b5agGynyiZ

doood, I wasn't entirely sure if you were addressing me or OP, but if you sent the 200.46 coins to me, I'll send them back on Monday.  I'll be away from my wallet until then.

No rush. I do enjoy a good social experiment now and then.

It's these kinds of interactions that give me hope for humanity. Bravo. *slow clap*

[Alex Beckenham]

and also a cool contributed graph:
http://corrupt.jails.se/~magnetron

Wow, those are some fat pipes connected to Keefe and you nanotube...

[Keefe]

and also a cool contributed graph:
http://corrupt.jails.se/~magnetron

Wow, those are some fat pipes connected to Keefe and you nanotube...

I was only the 6th person after nanotube to join the bitcoin-otc WoT. There are now 222 members. So we've both had about 5 months to do lots of trading with many others.

[nster]

and also a cool contributed graph:
http://corrupt.jails.se/~magnetron

Wow, those are some fat pipes connected to Keefe and you nanotube...

I was only the 6th person after nanotube to join the bitcoin-otc WoT. There are now 222 members. So we've both had about 5 months to do lots of trading with many others.

This guy made python scripts to try to help me bruteforce my passphrase, big props to him I had to INSIST before he'd give me a donation address too, good guy

JamezQ is a good guy too, he was willing to help me out but Keefe was there to help me soooo..... He earned a few btc too

[mndrix]

I just sent you 200.46 btc to your sig address... please send it back to me as soon as you read this... 1La3J9TgMzhctSjKrYhHyhs7b5agGynyiZ

I've returned the funds.  Tx ID 49d118522eaa2884573841217a760520f704ee675699ae757e091ce7a87f1c71 for the curious

[Alex Beckenham]

I just sent you 200.46 btc to your sig address... please send it back to me as soon as you read this... 1La3J9TgMzhctSjKrYhHyhs7b5agGynyiZ

I've returned the funds.  Tx ID 49d118522eaa2884573841217a760520f704ee675699ae757e091ce7a87f1c71 for the curious

Cheers mndrix, I can see it on 0/unconf in my client.

Pleasure doing business with you

[CryptikEnigma]

No interest?

What is the incentive to extend someone a loan then?

I mean when I asked for a loan here (which I'll have paid off tomorrow) of course I promised to pay back extra AKA interest(I'm paying back 10BTC on an 8BTC loan) because:


1. It is an incentive to give the loan in the first place.
2. Loans should not be 'free' IMO. The loaner should make some sort of profit for extending someone money on loan IMO

[nster]

No interest?

What is the incentive to extend someone a loan then?

I mean when I asked for a loan here (which I'll have paid off tomorrow) of course I promised to pay back extra AKA interest(I'm paying back 10BTC on an 8BTC loan) because:


1. It is an incentive to give the loan in the first place.
2. Loans should not be 'free' IMO. The loaner should make some sort of profit for extending someone money on loan IMO

it's a 12 hour symbolic loan, not a practical one. If someone can give me a 40 BTC loan, others can give me 5+ BTC loan for sure. I did tip him 2 BTC

[theymos]

I just sent you 200.46 btc to your sig address... please send it back to me as soon as you read this... 1La3J9TgMzhctSjKrYhHyhs7b5agGynyiZ

I've returned the funds.  Tx ID 49d118522eaa2884573841217a760520f704ee675699ae757e091ce7a87f1c71 for the curious

I would not have returned the funds, since doood did not prove that he was the one who actually sent the coins. Maybe he only observed the transfer on the network. You also had no prior agreement.

[Alex Beckenham]

Thanks theymos, I knew there was a good lesson in it somewhere.

I certainly learned something.