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Topic: Micro loan Service (Read 265 times)

copper member
Activity: 70
Merit: 65
IOS - The secure, scalable blockchain
May 23, 2018, 11:14:55 PM
#3
Micro is right. That's less than $2. What, I need a loan to buy a pen? The transaction fee is going to be 10% of the loan amount!
Maybe you should start with at least $100?

As a borderline nerd I would like to play the devil's advocate here and point out that micro(μ) scientifically according to the Système international d'unités's metric prefixes standards for 10−6 of a given unit. Since this is Bitcointalk we can assume that the default "metric" unit can be assumed to be a BTC and thus a μBTC loan would be for loans in and around the range of 0.000001BTC. Thus the lender's service is actually beyond a micro loan and nearly touches the territory of a milli loan service



Obligatory sarcasm note for those who fell for Poe's Law
copper member
Activity: 2562
Merit: 2510
Spear the bees
May 23, 2018, 02:27:57 PM
#2
Micro is right. That's less than $2. What, I need a loan to buy a pen? The transaction fee is going to be 10% of the loan amount!
Maybe you should start with at least $100?
newbie
Activity: 84
Merit: 0
April 18, 2018, 07:55:23 AM
#1
Amount i have currently: 0.00018 btc
Collateral 120% of the total loan amount
Repayment 0-7 days with 10% interest charged at the end, if repayment is later i will charge 0.0001 on top for everyday that is missed.
In the case of a defaulted loan, collateral will be sold or kept by me.
Escrow can be used but you pay the fees
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