[LOAN] Will loan out 160 MT GOX dollars.

[Lemmih]

Hiya,

I have $160 sitting in my MT GOX account doing nothing. I am willing to lend them out to a reputable user for 5% per started 30 day period with an upper limit of 180 days. You can borrow all of the dollars or any fraction of them.
So, to be absolutely clear, if you borrow $100 for 7 days, you will repay me $100*1.05 = $105. If you borrow $100 for 45 days, you will repay me $100*1.05^2 = $110.25

Feel free to bid higher than 5% if you're interested.

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[torbank]

I'll take that deal.

[bitcredit]

Just so we're all clear, this usurer is asking for an APY of 79.5% (1.05^12 - 1). Cash advances on even the most expensive credit cards are cheaper than that. I suppose he's still offering you a better deal than payday loan places though.

[Alex Beckenham]

So, to be absolutely clear, if you borrow $100 for 7 days, you will repay me $100*1.05 = $105. If you borrow $100 for 45 days, you will repay me $100*1.05^2 = $110.25

This isn't clear at all... how much is 8 days?

[Lemmih]

Just so we're all clear, this usurer is asking for an APY of 79.5% (1.05^12 - 1). Cash advances on even the most expensive credit cards are cheaper than that. I suppose he's still offering you a better deal than payday loan places though.

Usury is a favorite past time of mine when I'm not busy clubbing seals or eating babies.

[Lemmih]

I'll take that deal.

Sorry, the Mt Gox dollars have been sold.