Borrowing USD @ 0.03% a day (11.6% APR)

leen93

sr. member

Activity: 616

Merit: 250

Quote from: ajareselde on May 16, 2015, 07:31:56 AM

You still have some terminology errors, which i don't plan to pin point at.
To my understanding; you are planing to both lend and borrow funds, but even if this is your honest plan to act as a bank, there is no guarantee that the users who take loans from you will repay them,
and you would transfer the risk to the ones who are investing in you.
Escrow is still needed to provide safety in this deal, this is not 120% collateralized
Creating multiple threads wont help your business/ponzi attempt

I am only willing to borrow
There is another thread with a 120% collateralized loan with a higher minimum because of the extra work to provide the collateral with the escrow, increase/decrease the collateral if btc price changes etc.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

You still have some terminology errors, which i don't plan to pin point at.
To my understanding; you are planing to both lend and borrow funds, but even if this is your honest plan to act as a bank, there is no guarantee that the users who take loans from you will repay them,
and you would transfer the risk to the ones who are investing in you.
Escrow is still needed to provide safety in this deal, this is not 120% collateralized
Creating multiple threads wont help your business/ponzi attempt

leen93

sr. member

Activity: 616

Merit: 250

Quote from: Neotox on May 16, 2015, 07:16:44 AM

stop creating multiple thread
https://bitcointalk.org/index.php?topic=1062390.new#new

no one willing to give you their money unless you put something as collateral to guarantee that their money is safe

https://bitcointalksearch.org/topic/borrowing-usd-002-a-day-757-apr-120-collateralized-at-all-times-1062397

this is a 120% collateralized loan but since I will have to invest capital myself as collateral which I cannot use the interest rate is slightly lower.

Neotox

legendary

Activity: 1120

Merit: 1000

Free & Fast Neotox Escrow http://bit.ly/1OGVykp

stop creating multiple thread
https://bitcointalk.org/index.php?topic=1062390.new#new

no one willing to give you their money unless you put something as collateral to guarantee that their money is safe

leen93

sr. member

Activity: 616

Merit: 250

I'm willing to borrow USD for 0.03% a day (11.6% APR)
Min. amount per person : 0.01 USD
Max. amount per person : 1000 USD
You get paid the interest (0.03%) daily to your bitcoin address , principal can be asked back at any time (takes max. 24h) (PM)

(USD interest will be converted to BTC using the actual rate on preev.com for calculating the interest and principal to return in BTC)

You can send the bitcoins to : 13T1eoJTe9mCMdNpYaCE26DNKqPjxNZrqu and mention the btc address to return the principal and interest
(BTC will be converted to USD immediately using the preev.com rate)

loans taken :

* THIS IS A LOAN IN USD, PAID AND RETURNED IN BTC, IF THE BTC PRICE RISES THE PRINCIPAL VALUED IN BTC WILL GO DOWN, IF BTC PRICE GOES DOWN THE PRINCIPAL VALUED IN BTC WILL GO UP, THE PRINCIPAL STAYS CONSTANT IN USD VALUE.

Topic: Borrowing USD @ 0.03% a day (11.6% APR) (Read 503 times)