And before any others jump in with silly "witless" comments, I confirm the terms are as set out.
what about silly comments after the show?
I'd love to post 2 questions
1) why a high interest loan in the first place? 2 % a day seems to be much by any standard. even for high risk transactions it looks like usury (from far away where I observe it).
2) what was his story? gambling?
Happy to answer your questions mila:
The original quote was to discourage a spate of pointless posting activity that didn't add to the content of the thread.
When doing this loan it was apparent that it would cover the other two or three loans that he had outstanding, but not more. That was something I was prepared to fund. It was 2%/day and the rate was one that was suggested and agreed (it was only 5 coins of interest) and there are other loans out there that are similar. Usury perhaps, but in context of the volatility and risks, it is about right just at the moment.
What annoyed me, and annoyed INAU even more was after he got my coins he got more from INAU and didn't pay back the other lenders. At that stage it was a bad loan. I definitely would not have loaned if I suspected he was going to scam extra coin from someone else. His posts to sell stuff did not do much good either.
I don't know if kuJoking7 was a "hardened" scammer having netted a big $100 of coin from me, just an idiot or something else.
Patrick
