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Author Topic: [FILLED] 3K BTC bond, 1%/week, 100% reserve guarantee, no pirate exposure  (Read 1037 times)
BrightAnarchist
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May 18, 2012, 08:14:32 PM
 #1

  • Need 3K BTC ( of course, doesn't all have to come from a single lender )
  • Pays 1%/week (every Monday)
  • I reserve the right to pay down the loan at any time
  • Zero exposure to pirate
  • 100% reserve guarantee, so default is impossible
  • You may withdraw at any time provided you give me time to find substitute lender
  • Ask FreeMoney, Kluge, Maged, Coinabul... I am very trustworthy. I have also published articles on Bitcoin and have my real identity published.

Any other questions please post below or PM. Thanks!
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ShadowAlexey
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May 18, 2012, 08:28:59 PM
 #2

Em, sorry for stupid question, but why would some one lend you btc, when he can lend 15 times less to some one and still get profit?
This is mathematically not reasonable.
Without a thought about btc price going down, government banning btc, etc.
Even some banks can give a higher rate.

My Bitmessage address: BM-Bc9dpmehK1ihtgHgXKVypTsDwmL4czMx .
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bitlane
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May 18, 2012, 08:32:09 PM
 #3

Em, sorry for stupid question, but why would some one lend you btc, when he can lend 15 times less to some one and still get profit?
This is mathematically not reasonable.
Without a thought about btc price going down, government banning btc, etc.
Even some banks can give a higher rate.

High Amount (better rate to begin, volume).....Low risk, low reward. Finance 101.

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May 18, 2012, 08:37:16 PM
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Em, sorry for stupid question, but why would some one lend you btc, when he can lend 15 times less to some one and still get profit?
This is mathematically not reasonable.
Without a thought about btc price going down, government banning btc, etc.
Even some banks can give a higher rate.

High Amount (better rate to begin, volume).....Low risk, low reward. Finance 101.
I still dont get why not to deposit to other topic stickers and get at least 4 times more?
Or deposit to a pirate a 200btc, and get 280 btc in half a year, instead of lending 2000 and getting 250 a year?
I just think that 1% doesn't cover the risk of BTC default(invention of quantum computer)

My Bitmessage address: BM-Bc9dpmehK1ihtgHgXKVypTsDwmL4czMx .
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BrightAnarchist
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May 18, 2012, 08:44:03 PM
 #5

Upped the loan amount and quadrupled the interest rate ( now pays 1% *weekly* ), thanks

In answer to your question: the reason the rates are a bit lower is because I have a 100% reserve, therefore I am absorbing all the risk.
BrightAnarchist
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May 18, 2012, 11:39:04 PM
 #6

Bond has been filled, much thanks to my lender!
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May 21, 2012, 01:17:22 AM
 #7

Could you please explain how your reserve guarantee works? Why borrow, if you are going to keep it all in reserve?

BrightAnarchist
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May 21, 2012, 02:48:58 AM
 #8

Could you please explain how your reserve guarantee works? Why borrow, if you are going to keep it all in reserve?

It is closed now, sorry

I have explained the details to my current lender

Thanks
terrytibbs
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May 21, 2012, 02:58:55 AM
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Could you please explain how your reserve guarantee works? Why borrow, if you are going to keep it all in reserve?

It is closed now, sorry

I have explained the details to my current lender

Thanks
Why don't you explain to us, right here, right now?
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