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Author Topic: Bitcoin Loans Pegged to USD  (Read 1003 times)
bombartier357
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January 18, 2012, 02:07:43 PM
 #1

There is a guy I ran into on the internet that gives out loans in bitcoin pegged to the USD.

It is great because if bitcoins skyrocket you can actually pay less bitcoins then you borrowed.

You can email him at badboy97@tormail.net if your interested.
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bitdragon
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January 18, 2012, 02:13:59 PM
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whereabouts did you run into him?

smells like a ponzi scheme...
http://webcache.googleusercontent.com/search?q=cache:fjc1rt7qzw8J:www.reddit.com/r/Bitcoin/comments/o5p64/bitcoin_loaning_pool_program/+&cd=1&hl=en&ct=clnk&lr=lang_en|lang_fr&client=ubuntu

How on earth do you trust the other members in your pool? Chances are the honest ones will be left holding the bag.

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January 18, 2012, 03:28:34 PM
 #3

You don't have to invite people to your pool if you don't want to.  It's entirely up to you.

The way I understand it is that the largest pools will receive the best interest rates, but also have higher risk for defaults.

So if you invite someone to your pool, you are in a sense "cosigning" on their loan.  If you email him, he can send you a list of the pools that are currently running.  I have had a few correspondents back and forth between him.

Ran into him on tor website.  One I would rather not mention.
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