I wasn't referring to what he is doing with the money he borrows, just why he pays more interest then he should.
As you guys know more then me about the pirate, may I ask, why is he paying so much in interest?
People here will run to lend him money even at 10%. It doesn't make business sense to me.
I personally think that he runs a high priced Coyote Service, seeing as he is in Texas....and it seems to have the best guarded border in the South.
He most likely uses the Bitcoins to fund a Border crossing (drinks, snacks, USA shirts & hats, bribes, transportation etc) then once paid the enormous fee for his service from his Mexi-Friends, he passes along the profits to the rest of us.
Again, this is just speculation.
Keep an eye on him. If he changes his nick to 'Coyoteat40
' you will know for sure.