Michael's Loans (+Loan Management Service)

[michaeladair]

I am loaning out bitcoin to those who need it... I will not accept request from Noobies so please don't even try. I will not be needing collateral* but a small background check will be done on your account to make sure that all is okay.

Post all requests in this forum thread, PM requests will not be acknowledged.

(I've decided to also start a new service in which I mange people's BTC and loan them out to people... I'll kinda be like a bank of sorts where you can give me the money but you get to specify what type of people you want it loaned out to. I will be charging a 10% profit cut on loans made with other's money...

If you would like to join this service please state the date of withdraw, so that I do not loan out past when you want your money back. This service is great for those who would like to hold onto their bitcoin while also accumulating some "interest". )

Current BTC Loaning Fund: 0.0

Current BTC Loans Out: 0.0999 BTC
Red: Past Due
Blue: In Progress
Green: Completed
          oscarftw: 0.1089BTC Loan/Due 12-11-14 @ 4:30 (Early Payment)

Total BTC Loaned: 0.0999 BTC

Please do not ask for a loan that is more than what I have in my fund jar... that is just stupid.

*From Member++

Thank you,
           Come Again.

[michaeladair]

Need 0.099 %10 rate for 7 days.

Accepted, please post BTC address...

[michaeladair]

Need 0.099 %10 rate for 7 days.

Accepted, please post BTC address...

1HSAG6x6tDc22fRVU7tG4UqmRxWTixq2yr

TXID: https://blockchain.info/address/1HSAG6x6tDc22fRVU7tG4UqmRxWTixq2yr
BTC Amount Due: 0.1089
Day Due: 12/11/14 4:30 PM EST

[leen93]

https://bitcointalk.org/index.php?topic=877426.0

might be interesting for you if you don't want any risk

[michaeladair]

I've decided to also start a new service in which I mange people's BTC and loan them out to people... I'll kinda be like a bank of sorts where you can give me the money but you get to specify what type of people you want it loaned out to. I will be charging a 10% profit cut on loans made with other's money...

If you would like to join this service please state the date of withdraw, so that I do not loan out past when you want your money back. This service is great for those who would like to hold onto their bitcoin while also accumulating some "interest".

[onewiseguy]

Current BTC Loaning Fund: 0.0  ?

[michaeladair]

Current BTC Loaning Fund: 0.0  ?

Lol I just gave out all my BTC in one loan, .099... But you can see that I am starting a loan management service. I'll be acting as a bank of sorts.

[michaeladair]

Anyone want to test out my Money Management Service?

[Argwai96]

Anyone want to test out my Money Management Service?

I don't think many people will end up "testing" this service.

Anyone that would potentially use this service would not only need to trust that you not run away with their money but also trust that you will make good judgment calls when deciding on who to lend to.

You have not yet shown that you are able to be either trusted or that you have good judgment.

[michaeladair]

Anyone want to test out my Money Management Service?

I don't think many people will end up "testing" this service.

Anyone that would potentially use this service would not only need to trust that you not run away with their money but also trust that you will make good judgment calls when deciding on who to lend to.

You have not yet shown that you are able to be either trusted or that you have good judgment.

Yeah, I can see that... It's just an idea as of now.

[Just Magicmann]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

Loan amount required: .33 BTC
Term length: One Month
Interest: 15%

Just started a new job and need to supplement my money a bit until I start getting checks.
-----BEGIN PGP SIGNATURE-----
Version: Keybase OpenPGP v1.1.6
Comment: https://keybase.io/crypto

wsBcBAABCgAGBQJUgTTvAAoJEEzDrVcDAGo85UkIAMAnNKDlfouu/YITTSJDvmGY
uAw/9fe2403xX4x4rxMz9up5zMdQHrCsxMio6p1LWmpFpYYnfs4eYcRUWikq9MR5
W9FKsbqIh8U4aO1PCk6X2NPuTJWta3QWHQfIWPTdCGO3/7hKaetzNUeGxy62ueTw
ma/rOrXvl/3qtn/UHNJupcOBu6eHc4JpGfGw2HhKIK9o7gjVs5dUsgNvkHoaEyJ1
b8QFx0UV/qnnaO/FfBxq/h2GUQbI5rhG8KODmU9+NgBys1P0dFoNqvArLQRgIzV5
S+HL5/ElMWDJy/wR2w/nuTUQWvsjhxzbk/OdRwql766WXqMff+rFEdmPtTXyusI=
=ZzJG
-----END PGP SIGNATURE-----

[opossum]

@Just Magicmann - the OP says that he does not have any bitcoin to lend out. Plus confirming the identity of someone that is untrusted is kind of a moot point as their identity does not really matter, what matters is if they can offer any collateral to secure their loan (in this threads case via an escrow).

[Just Magicmann]

@Just Magicmann - the OP says that he does not have any bitcoin to lend out. Plus confirming the identity of someone that is untrusted is kind of a moot point as their identity does not really matter, what matters is if they can offer any collateral to secure their loan (in this threads case via an escrow).

Oh yea, I didn't notice the lack of funds.

Well, that's your opinion, but I will continue to do it anyways. Everywhere I do business online, I always make my PGP key known that way someone can easily request a verification.

[michaeladair]

I will be out of funds for a week lol, I just loaned out all my btc... Also, he's right. I would not have accepted you due to the lack of Trust and the newness of your account. The Bank of Michael does not give out to just anyone...

[marcotheminer]

Not much of a bank if you only had 0.10BTC in funds.

You have nothing to loan out now.

[michaeladair]

Not much of a bank if you only had 0.10BTC in funds.

You have nothing to loan out now.

Lol I realize that... Im poor ATM.

[enryk]

Not much of a bank if you only had 0.10BTC in funds.

You have nothing to loan out now.

Lol I realize that... Im poor ATM.

offering a loan without any collateral is risky. How did you decide on giving your first loan?

[RiverBoatBTC]

Not much of a bank if you only had 0.10BTC in funds.

You have nothing to loan out now.

Lol I realize that... Im poor ATM.

Yea 1 bad loan and you toast lol

[michaeladair]

Not much of a bank if you only had 0.10BTC in funds.

You have nothing to loan out now.

Lol I realize that... Im poor ATM.

offering a loan without any collateral is risky. How did you decide on giving your first loan?

He seemed reputable cause he got a loan from marco I believe... Without previous trust I probably wouldn't have accepted him

Not much of a bank if you only had 0.10BTC in funds.

You have nothing to loan out now.

Lol I realize that... Im poor ATM.

Yea 1 bad loan and you toast lol

I have a limit to the most money I'll give as a loan. It's just not written... It's a case to case basis.

[michaeladair]

I would love for someone to test out my service... Also any suggestions for a money loss system in case of a bad loan would be nice. I'd be willing to supply some money in case that happens, which it really shouldn't because I generally have good judgement.

Any ideas? Thanks...