Folks,
I'm a newbie & just learning about BTCjam/Bitcoins. I'm looking to be an investor/lender in BTCjam.
Couple of questions:
-- How do we differentiate a Flat Linked loan & BTC loan based on the loan listings in BTCjam's web page ?
a fiat based loan is one that you borrow a specific dollar amount and repay in terms of dollars. This is best if your income is in dollars and/or if what you will invest the loan in is in dollars. The amount of bitcoin that you repay will depend on the exchange rate at the time of payment. A BTC based loan is when you borrow a specific amount of bitcoin and you repay in terms of bitcoin regardless of what the exchange rate of bitcoin is when you repay.
-- What does the type "BitStamp USD" mean which is present as an option for "Filters" ?
Thanks in advance!
I believe this is to filter fiat based loans.
