BrightAnarchist (OP)
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Activity: 853
Merit: 1000
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May 18, 2012, 08:14:32 PM
Last edit: May 21, 2012, 02:47:49 AM by BrightAnarchist |
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- 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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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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ShadowAlexey
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Activity: 968
Merit: 1002
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May 18, 2012, 08:28:59 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.
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bitlane
Internet detective
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Activity: 462
Merit: 250
I heart thebaron
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May 18, 2012, 08:32:09 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. |
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ShadowAlexey
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Activity: 968
Merit: 1002
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May 18, 2012, 08:37:16 PM
Last edit: May 18, 2012, 08:57:37 PM by ShadowAlexey |
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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) |
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BrightAnarchist (OP)
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Activity: 853
Merit: 1000
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May 18, 2012, 08:44:03 PM
Last edit: May 18, 2012, 09:31:05 PM by BrightAnarchist |
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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.
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BrightAnarchist (OP)
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Activity: 853
Merit: 1000
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May 18, 2012, 11:39:04 PM |
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Bond has been filled, much thanks to my lender!
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brendio
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May 21, 2012, 01:17:22 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?
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BrightAnarchist (OP)
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Activity: 853
Merit: 1000
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May 21, 2012, 02:48:58 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 |
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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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