Quote from OP: "They have good income and good social networks, but in a certain very special situation, they will like to borrow money from us with a 2% daily interest"
I am still trying to get my head around this. What sort of person meets the above description but need a daily loan at 2%? If they had the income, they wouldn't need the loan at such a sharky rate?
With Bitcoin being a fixed asset (that is in the issuing phase still), I have trouble with these long-term interest lending and dividend paying operations? Help us understand please.
Thanks,
D
it last only typically for 1 day. Maybe it more likely a fee but not a debt. It's very special, that's only I can tell the investors.
I don't get your 2nd question quite well. But I can have a try. The business are carrying out in fiat currency. Most of the bitcoin is to be restricted so that WIT will be able to borrow money in fiat. The bitcoin is restricted as collateral. At the early stage, it is not need collateral at all as the personal credit of our own is enough. But as I'm intended to expand the operation, a collateral is needed.
First off, thank you for posting a response.
If I use my imagination I can actually imagine a situation that is "could" work. To be fair, lets assume you have this "special" clientele for the sake of evaluating this investment. I might even swing you some BTC to see if this actually works.
Question: Now I am being hung up on why you need Bitcoins? If you are doing these short-term (1 day or two), how are you getting the fiat (cash) in your hand to carry out this operation in a timely manner to make it useful to your business and meet your obligations to your investors?
