Topic: Need Bitcoins to Lend? - page 2. (Read 2764 times)

My partner would also ask for collateral from his borrower. And for my part we could use escrow....

wrong, you have 0% risk in this method but this is risky for anyone that would like to borrow money from you to start lending. you are asking for collateral and what could happen once you get the collateral? what is stopping you from selling the collateral and run away?

Stop advertising your own lending service here and calling me scammer when you dont have the brains to understand my proposal.

Sweet Moses, are people really this stupid?


Lemme break it down again:


I have 0% risk with this method.
You have 0% risk with this method.
All risk is contained to the end-borrower.
I take 50% profit because it's my money you are using.

Call it rental or partnership whatever. The point is that we both benefit.

Very valid questions.  First let me state, I am always here to support borrowers.  You do not even have to be my borrower or a lender under me, and I will still support you.  So let me know answer your questions:
1.  Yes, you are still responsible for the 9% fee every month for the loan you are taking from me.  I am assuming that you would not be borrowing that much to lend out to others unless you knew what you were doing.
2.  If you have collateral that was used to secure a loan and that borrower leaves you hanging, I will assist you in getting rid of your collateral.
If you have any other questions, please do not hesitate to ask.  You may want to post on my thread, since this is not my thread, I just had to put a stop to someone trying to put all the risk onto someone else and keep 50% of the profits.

Well, i have to admit that is tempting...
I have though two questions.

1. If you fund someone with 1 BTC and in the whole month have stil 1BTC, no profit - no losses, you still get your %?

2. If someone provides a "good", valid collateral but the borrower / partner of yours dont know how or where to liquid it...Can you help him? You will have any kind of support role?

this is much better explanation and more trusted user to try lending out coins to potential lenders. i will definitely have trust on knighkon instead of someone coming up here saying he will provide coins to lend but taking too much percentage of the income

People are not lazy to understand nothing here.  If they are providing collateral to secure the loan you will be giving, then there is no reason you should be taking 50% of the profits they are making.  They are taking all the risks here, not you, so why should they pay you 50% of profits when they can simply pay someone else a monthly interest rate based on the funding they are seeking??  You might be funding the money, but you are taking no risk here other then your loan not being repaid, which you have security in the form of collateral to recover your losses.

Lets make it simple for all of you who are looking at this scam artists attempt to take 50% of your funding.
I have opened new thread for interested lenders to borrow funds for lending.  The interest rate will be set at 9% per month as long as you have to proper collateral to secure the funding.
Here is the thread link: Knight & Day Commercial Loan Service

Just to break the funding down for you (Please keep in mind this is based on getting enough qualified loans to fund and that they pay you back properly):
 - - The average loan is 7 days.  This allows you to lend out and recover your funding 4 times with in a months basis.
 - - The average interest rate is around 10% per loan.
 - - With 1 BTC, you can loan out 4 times per month as long as you loan to people who pay you back.
 - - This allows you to collect .4 BTC or more per month in interest.

Jacob70 Loan Process - Based on the above calculations:
 - - You collect .4 BTC per month in interest fees
 - - You pay him .2 BTC per month

Knightkon Loan Process - Based on the above calculations:
 - - You collect .4 BTC per month in interest fees
 - - You pay him .09 BTC per month

So if you have the proper collateral to secure loan funding from him, do not bother and come to me, I will not keep 50% of your profits and I will give you a better rate and I have history with this and securing collateral.

I dont think that is easy to "misunderstand" these two words...

They have a clear difference : Worker : http://dictionary.cambridge.org/dictionary/english/worker   Partner : http://dictionary.cambridge.org/dictionary/english/partner

Btw, thank you for choosing to use the word "partners". Its better!

No, it's not a loan, it's a funding.

I pay my partners (to not use worker word anymore because some people misunderstand it) 50% of the profit on the money (invested) they dont have, which I will provide.

It's an investment for both of us.

-----------------------

I really have to draw a diagram of my system because you guys simply are too lazy to read and understand the first post and talk nonsense here.

No, they give me 50% of the profit not the capital lol.

If they have the collateral but the collateral is invested in altcoin, and they need BTC to lend, then my funds are useful.

I will have to draw a diagram because you people still don't understand my proposal!

If someone has the amount of collateral you require they could just sell the collateral and not owe you 50%. This is a horrible buisness model that will NEVER work

Sorry that is not my business model, i cant really give out loans with no guarantees, because of the amount of scammers and account sellers on this forum.


We shall see if my business model has demand, i think it's innovative and we could see some people sign up.

The collaterals are really necessary, the % rates can be adjusted on many factors, but it is an essential part of the logic.

I will agree with Zazarb. Its hard to even found borrowers with 110% collateral and you say 150%. Its almost impossible here atm...

The fact that you will hold any collateral from your workers, its not safe for them. You have no history here, no backround to "trust" you, nothing. To use an escrow with good Trust rating, its better if you continue with this "idea" of yours.

Also, to propose to your potential workers that is for their benefit to work for you because their portofolio will increase with your funding is not entirely true and we all here know that...

P.S. You ask for workers as you said and not for partners. Two words with big difference. 

This made me smile ,
can see that you are not familiar with the local market.
 People who ask such amount usual It has absolutely nothing to offer as collateral except their account.
10-20 loans day that total loans granted during the week  of all lenders in this forum, and most -99% from them with forum account as collateral or without, only with a basis of trust.

and with this rule :
you are not tired at all, because very lucky if you get at least one borrower in in the  quarter or half year.
Other things you not mentioned , that all collateral must be stored by trust escrow.


Anyway Good luck

The collateral could vary depending on many factors, it could be much smaller than 150%, even as low as 105%

Also we can give out good interest rates or other promotional offers to lenders. For example 3-4 time borrower with good track record and good trust rating can give 80-90% collateral.

Certain perks can be given, it is up to my workers.

---

My job is to get some workers, that will lend for me. We can then discuss in PM lending tips and other topics.

Out of the over 80 loan requests I have gotten, 2 had altcoin collateral. Both requests had ~120% worth of the loan amount. One person ended up not taking the loan (partially because I was busy), and the other one came with 1% interest (0.001BTC from a 0.1BTC loan.) Plenty of people now have services that require altcoin collateral, but I don't believe any of those lenders got a valid loan. Also, if you ask for 150%, they are more likely to go to the people who only ask for 110% to 120% (me, and most others). See where your plan is flawed?

Lemme explain again simply.

1) Collateral ratio is probably around 120-150% of the lent amount to incentivize borrowers to repay

2) For example you have 71.09 ETH (1.5BTC) invested  , I give you 1 BTC for that to loan out, but I will guard the ETH as collateral

3) You loan out the 1 BTC, but you also ask for 150% collateral from your borrowers

4) You will have 0 risk because you get the same amount of collateral from your borrowers that I get from you

5) I have 0 risk as well because I also have 150% collateral secured

6) We share 50-50% the profits from interest

7) After we end the deal, I give you back the 71.09 ETH, and you give me back my 1 BTC

That is why you should ask for collateral from your borrower as well.


That is why you should ask for collateral from your borrower as well.


Yes, if you have altcoins invested (which you should have, just from investmend standpoint), that will be good collateral.

I will give your BTC for  that collateral, and I will guard your collateral, then you start lending.

But you should also ask for collateral from your borrowers, so that neither of us will have any risk.

Now i got you, you will act like a bank, lending money to someone who can provide a valid colateral, that should be others altcoins. As already said we will be your workers, we will be using your money to lend others, and we should share our profit, but in the end if the user wich request the loan default and his or her account is the colateral, we will have to repay the ammount those user got, soo for you sure profitable, but we will take the risk instead profit, have to pay you from our pocket, when we wanna the fee just.

I am not sure this will fly here.  Most of us lenders are able to secure BTC whenever they want to in order to supply the loans.  What is the loans come up bad?  Then you keep the lenders collateral?  If you are not taking the same risk I am taking as a lender, I would have no interest in doing anything.  Th only beneficent would be that if you took the same risks.