One interesting question : given the ROI of it, would you think it would be a good choice to make a loan for creating a masternode? Theoretically you can return the money you lend in less than 1 year right?
Why it wouldn't be a good choice to make a MN with lend money? (for VIVO and for any other coins, in general). Maybe there is a thread for this. If so, could you give me a link of it?
Why it wouldn't be a good choice to make a MN with lend money? (for VIVO and for any other coins, in general). Maybe there is a thread for this. If so, could you give me a link of it?
The thing with lending is that:
1) The lender needs to be confident of your identity and that you won't just disappear with their money - they may also want some kind of security (like how a car loan is linked to the car or a mortgage to a house so that the bank can seize the asset if you don't keep up repayments);
2) They probably would want to get more out of it than they'd get just putting that same amount into a masternode themselves, which then doesn't make economic sense for you as a borrower because you would end up owing more money than you made.
The idea would be to take a loan from a bank. If so, the bank doesn't really care (in my country) for what that loan goes to, as long as I pay it back with the commision fees as well.
Yes but you also have to accept the risk of the coin price dropping below the threshold where the interest on the loan exceeds the revenue generated by the masternode.
Indeed. Maybe this is not the best place to ask this (if not, I'll just delete the message) : some said about Innova coin that it is the new VIVO. Does anyone know why?
