Author

Topic: Chances of a payment default (Read 239 times)

legendary
Activity: 2674
Merit: 2965
Terminated.
March 11, 2017, 06:30:23 AM
#2
Hi I am a newbie here and I want to ask whether it is safe for me to lend bitcoins to others.
There is always a risk of default, that's why you only give out loans when the user can provide adequate collateral.

I have around $0.007 btc earned from faucets,etc.
Are you talking about $0.007 or 0.007 BTC? If the case is with the former, then this amount is economically unspendable due to fees. Even if it is the latter, lending out ~8$ won't get you far.
sr. member
Activity: 306
Merit: 250
March 11, 2017, 06:14:50 AM
#1
Hi I am a newbie here and I want to ask whether it is safe for me to lend bitcoins to others. I have around 0.007 btc earned from faucets,etc.
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