2 week interest, repayments daily, updates daily. Example: 1000 EUR would net you 1100 EUR in 2 weeks (with 50-100 EUR paid daily from generated income).
So now you are promoting ponzis?
He described to me what his plans were for the loan proceeds, and they were not to be used for anything resembling a ponzi.
What he described involved taking advantage of a limited time promotion being offered by a new business. The business would be trusted with the entire 5,000 EUR, and there is a chance the terms may not be met. The value of the cryptocurrencies may also decline below the 5,000 EUR lent and this is another risk.
The business in question is not one that I would trust with 500 EUR, and I am not entirely sure it is an entirely separate entity from marcotheminer. I have never heard of this business prior to me speaking with marcotheminer about this loan.
He claims to be unemployed and does not appear to have the means to repay the loan including interest if one or more of the above risks are realized.
If I completely ignore the fact that his
recent loan history is an indication (he is) intending on eventually () tak(ing) out a large loan and run(ning) away
then I would conclude this is a bad idea to participate in this loan. I do not think it is an acceptable risk to ignore that his loan history indicates he will take the large loan and run away.
tl;dr - not a ponzi, still a
very bad idea to lend to him
That's a huge compliment: I would never be able to create that site. Did you even do your research into it? Let me guess, no, because you weren't serious about it.
I'm about as unemployed as any entrepreneur.
If you are so skeptical don't bother inquiring, I'm making my money - just could be making more with extra capital. For all the reasons I can show.
The very bad idea thought stems from me repaying 2 loans late and with extra interest, mull over that. This is an entirely different income opportunity (not what I was doing with the 0.02-0.05
BTC loans I was taking, some of those were even for personal expenses.)
2 week interest, repayments daily, updates daily. Example: 1000 EUR would net you 1100 EUR in 2 weeks (with 50-100 EUR paid daily from generated income).
So now you are promoting ponzis?
No