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Topic: Bitcoin Loans? - page 2. (Read 2038 times)

legendary
Activity: 1386
Merit: 1097
December 06, 2011, 09:01:36 PM
#2
I'm trying to figure out how loans with bitcoins work.

They don't work.
newbie
Activity: 7
Merit: 0
December 06, 2011, 08:59:49 PM
#1
I'm trying to figure out how loans with bitcoins work.  Say I were to give John a loan, how can I be sure that John will pay me back if bitcoin is essentially anonymous?  I mean, with regular banks and financial institutions you can either get a secured loan or if it's unsecured and you don't pay them back they'll fuck up your credit.  How can loan companies that use bitcoin be confident that they'll get paid back?
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