No offence to Post Cosmic and I'm not throwing any accusations, however, its generally very dangerous to keep upping loan amount for the lender. I've seen it happen time and time again and ends up being a scam... borrower slowly increases amount, then when it gets sufficiently big elopes with the BTC.
Yea. Makes perfect sense and it's one of my great fears regarding counterparty risks when I myself deal with my funds being in a bitcoin website's hands. It's basically the main reason, in fact, HYIP websites invariably 'disappear' at some point, with people's money - they finally got a large enough deposit by some hopeful sap =/
Makes me feel much better about my own 'risk' profile assessment from this lending here - I can't deny if I did want to run away with
BTC, increasing the amount slowly would be a textbook ploy to do so. Of course I did think about this at first last week, when contemplating my new loan request, it made me hesitate and think maybe this would raise too many red flags senselessly. But for some reason I had forgotten about that by sunday ;p
..And in this case it turned out it would've been more sound to listen to these 'red flags' - as I now reveal that the event yesterday turned out to be a failure for the most part, making the increased amount not only a waste but actually harmful for my own profitability.
However it's still quite helpful for Marco's pockets & for trust-building
- Seeing as how 1] There are still 5 more huge events this week alone to gain from ; 2] The lesson from this is I am now simply forced to consider event failure to be the default outcome beforehand, such as to profit, rather than lose, from it, and therefore gain much less when it does succeed, sadly ; 3] I am
still in the green - Hence not even at the point of having to take further loss out of pocket in order to repay the loan ; Because, last week, was +116%,
after losses on Thursday ^
=TL:DR= I still look forward to next sunday as I have a 99.999% confidence in full repayment capability.
[..]
..borrower slowly increases amount, then when it gets sufficiently big elopes with the BTC.
It's what anshar did to me with 0.03... Shamefully small scam loan amount.
But I'm willing to risk it with Post-Cosmic
Pathetic =/ Hustling away such tiny sums as $15 is what street workers and homeless drug addicts do.
And thanks as always Marco, for your goodwill