Author

Topic: Question (Read 774 times)

hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
August 31, 2013, 06:47:30 PM
#12
One of the things people miss all the time is this:

If your investment fails, how will you pay back the lender?

Because if you have no fallback plan, it's less risky for the lender to make the same investment himself.

umm day job? Roll Eyes

Yeah right. Most of the loans in here cover amounts that should take a day or two of working at minimum wage to obtain, which is less time than BTC -> USD -> BTC takes.
hero member
Activity: 728
Merit: 500
August 31, 2013, 12:02:18 AM
#11
Would it be acceptable to ask for a 0.37BTC loan in order to buy the bit canary saphire erupterJust found out they're out of stock, and pay back 0.42 as soon as its mined? Would it be too long?

Would infinity be too long? Because unless difficulty stops rising the way its doing, against all expectations, a USB Block Erupter isn't going to mine 0.5 BTC over its lifetime.
member
Activity: 109
Merit: 10
August 30, 2013, 11:47:00 PM
#10
One of the things people miss all the time is this:

If your investment fails, how will you pay back the lender?

Because if you have no fallback plan, it's less risky for the lender to make the same investment himself.

umm day job? Roll Eyes
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
August 30, 2013, 11:25:00 PM
#9
One of the things people miss all the time is this:

If your investment fails, how will you pay back the lender?

Because if you have no fallback plan, it's less risky for the lender to make the same investment himself.
member
Activity: 112
Merit: 10
August 30, 2013, 08:23:17 PM
#8
Bitcoin doesn't really count as collateral unless you was asking for something like a Litecoin loan but even there you have pretty much zero Bitcoin. Also your USB Miner will never ROI so it would be impossible to pay back.

It can count lol, 0.42 loan and they send 0.50 BTC to you as collateral Tongue

Haha, I will offer loans like that all day everyday.


Offering 1 BTC loans, only have to send 1.2 BTC collateral.
legendary
Activity: 1736
Merit: 1029
August 30, 2013, 08:21:57 PM
#7
Bitcoin doesn't really count as collateral unless you was asking for something like a Litecoin loan but even there you have pretty much zero Bitcoin. Also your USB Miner will never ROI so it would be impossible to pay back.

It can count lol, 0.42 loan and they send 0.50 BTC to you as collateral Tongue
member
Activity: 112
Merit: 10
August 30, 2013, 06:27:55 PM
#6
Bitcoin doesn't really count as collateral unless you was asking for something like a Litecoin loan but even there you have pretty much zero Bitcoin. Also your USB Miner will never ROI so it would be impossible to pay back.
sr. member
Activity: 350
Merit: 250
August 30, 2013, 05:43:23 PM
#5
Would it be acceptable to ask for a 0.37BTC loan in order to buy the bit canary saphire erupterJust found out they're out of stock, and pay back 0.42 as soon as its mined? Would it be too long? Plus I only have 0.0008356BTC for a collateral  Undecided, that wouldn't quite be enough would it? Just wondering!


Yes, if you were trusted, and had a better account...
legendary
Activity: 1736
Merit: 1029
August 30, 2013, 05:38:22 PM
#4
That's like asking if you could give me $100 and I'll pay you a few pennies.
newbie
Activity: 26
Merit: 0
August 28, 2013, 01:58:16 PM
#3

Generally, if you want a loan for 0.42, you would need to provide at least 0.5btc of something in collateral.
Alright thanks for the info
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
August 28, 2013, 01:12:01 PM
#2
Would it be acceptable to ask for a 0.37BTC loan in order to buy the bit canary saphire erupterJust found out they're out of stock, and pay back 0.42 as soon as its mined? Would it be too long? Plus I only have 0.0008356BTC for a collateral  Undecided, that wouldn't quite be enough would it? Just wondering!

Generally, if you want a loan for 0.42, you would need to provide at least 0.5btc of something in collateral.
newbie
Activity: 26
Merit: 0
August 28, 2013, 11:59:08 AM
#1
Would it be acceptable to ask for a 0.37BTC loan in order to buy the bit canary saphire erupterJust found out they're out of stock, and pay back 0.42 as soon as its mined? Would it be too long? Plus I only have 0.0008356BTC for a collateral  Undecided, that wouldn't quite be enough would it? Just wondering!
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