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[LOAN] Will loan out 160 MT GOX dollars.
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Topic: [LOAN] Will loan out 160 MT GOX dollars. (Read 1169 times)
Lemmih
(OP)
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[LOAN] Will loan out 160 MT GOX dollars.
May 10, 2011, 08:56:25 PM
#1
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.
torbank
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Re: [LOAN] Will loan out 160 MT GOX dollars.
May 18, 2011, 04:32:03 AM
#2
I'll take that deal.
bitcredit
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Re: [LOAN] Will loan out 160 MT GOX dollars.
May 18, 2011, 06:58:01 AM
#3
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
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Re: [LOAN] Will loan out 160 MT GOX dollars.
May 18, 2011, 07:07:59 AM
#4
Quote from: Lemmih on May 10, 2011, 08:56:25 PM
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?
http://btcriches.com/images/btcriches468.gif
Need to contact me?
Please read this
.
http://payb.tc/alex
Lemmih
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Re: [LOAN] Will loan out 160 MT GOX dollars.
May 18, 2011, 01:21:46 PM
#5
Quote from: bitcredit on May 18, 2011, 06:58:01 AM
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
(OP)
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Re: [LOAN] Will loan out 160 MT GOX dollars.
May 18, 2011, 01:24:48 PM
#6
Quote from: torbank on May 18, 2011, 04:32:03 AM
I'll take that deal.
Sorry, the Mt Gox dollars have been sold.
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