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Author Topic: Lines of Credit?  (Read 737 times)
gregwtmtno
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February 03, 2012, 08:39:49 PM
 #1

Would anyone be interested in doing lines of credit? When I launch my site, BtcBuckets.com, the site will be able to automatically deduct interest payments based on how much money you've borrowed.

I figure this will reduce the need to keep taking out new loans and you only pay interest on what you actually take out. With my site, anyone can be a lender to offer credit.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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SgtSpike
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February 03, 2012, 08:43:56 PM
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I think it's a good idea, but I'm not interested myself.  Never planning on taking out another loan again.  Debt sucks.

FWIW, the only way I would ever lend Bitcoins to anyone is if a) it was a secured loan or b) I could see their credit report/history.
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February 03, 2012, 11:04:24 PM
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Yeah, I think I'll start small. Hopefully I won't be risking too much.
Jonathan Ryan Owens
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February 06, 2012, 08:20:02 AM
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btc_artist
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February 06, 2012, 02:57:30 PM
 #5

meme confusion?

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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