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Topic: [Closed] 250 BTC loan @ 0.5% interest per day !!! - page 3. (Read 3313 times)

hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Basically, someone owes me around $1k, and I will repay you when I get paid the $1k (within the next month).  In the meantime, I will be earning some interest in pirate's lending program to "hedge" against BTC price growth (well, it's not the most direct hedge, but whatever), and will pay you part of that interest (about half).

I apologize in advance if there is an obvious obvious answer to my question.

Why would someone loan you 250 btc to get paid 1 btc per day in interest when they can loan the funds directly to pirateat40 and make 2.5 btc per day?

Because pirate has 0 BTC storage available.
edit: Also, even if he had storage available, when the earlier depositors put in their money, you'd get squeezed out.  In addition to this, diversification of risk is good: I hereby give pirateat40 full permission to pay out the money from my BTC lending account if I disappear, try to scam people, etc. and do not pay back the money and interest.
Smiley
vip
Activity: 1358
Merit: 1000
AKA: gigavps
Basically, someone owes me around $1k, and I will repay you when I get paid the $1k (within the next month).  In the meantime, I will be earning some interest in pirate's lending program to "hedge" against BTC price growth (well, it's not the most direct hedge, but whatever), and will pay you part of that interest (about half).

I apologize in advance if there is an obvious obvious answer to my question.

Why would someone loan you 250 btc to get paid 1 btc per day in interest when they can loan the funds directly to pirateat40 and make 2.5 btc per day?
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
I need this loan because someone owes me some money but I want to earn interest on it in pirate's program. Smiley

wuh?

Basically, someone owes me around $1k, and I will repay you when I get paid the $1k (within the next month).  In the meantime, I will be earning some interest in pirate's lending program to "hedge" against BTC price growth (well, it's not the most direct hedge, but whatever), and will pay you part of that interest (about half).
sr. member
Activity: 396
Merit: 250
Send correspondance to GPG key A372E7C6
I need this loan because someone owes me some money but I want to earn interest on it in pirate's program. Smiley

wuh?
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Hi everyone, I need a 250 BTC loan.  I will pay you 1.5 BTC a day in interest I will pay 0.5% interest daily, compounded, but I will pay the entire sum I owe you back to you within a month of when you make the loan (meaning that you don't get the interest until I pay it to you, and I will pay the interest together with the principal).
I haven't done many deals in the past, but I have handled sums of money as large as 200-300 BTC before on Bitcoinduit when I was running it (from October to mid-November) and have never stolen any (just ask any of my happy players who have always gotten paid instantly Smiley ).  Also, pirateat40 can vouch for my integrity (I bought BTC from him, Paypal froze my account based on BS, and I returned the BTC when he requested it).
Pay here: 17RiZ1eaAB9e29kuTxTh8UdPyWSiisAyaZ

I need this loan because someone owes me some money but I want to earn interest on it in pirate's program. Smiley
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