Topic: [OPEN] Offering relatively large, short loans at 1.5% interest per day (Read 9984 times)
June 08, 2012, 04:13:23 PM
I will no longer be needing this loan it has been provided already.
June 08, 2012, 01:53:45 AM
Hello if possible I would like a 55 BTC loan. I don't meet all those criteria in first post but will list stuff I think makes me worthy.
1. Been a member for almost 2 years.
2. Not quite hero member but have some 450ish posts
3. WOT rating once again not 20 but all have been positive
http://bitcoin-otc.com/viewratingdetail.php?nick=Demonofelru&sign=ANY&type=RECV
4. My biggest transactions were with Ian Maxwell where I sold him call and put options where he ended up being pretty greatly in the money IIRC. I also did not large transactions but quite a few 8 to 10 IIRC to jackrabiit I sold him steam games. Again not big but I bought a game from staff member Bitlex. Also sold a couple games to staff member bitcoin2cash. Loaned Atlas 90 or so BTC a while ago, also a lot of other transactions primarily selling steam games to other members but most of them are low post count and/or long inactive.
Well let me know if you need/want any more information or if I'm approved or declined off the bat or if 55 would be too much.
1. Been a member for almost 2 years.
2. Not quite hero member but have some 450ish posts
3. WOT rating once again not 20 but all have been positive
http://bitcoin-otc.com/viewratingdetail.php?nick=Demonofelru&sign=ANY&type=RECV
4. My biggest transactions were with Ian Maxwell where I sold him call and put options where he ended up being pretty greatly in the money IIRC. I also did not large transactions but quite a few 8 to 10 IIRC to jackrabiit I sold him steam games. Again not big but I bought a game from staff member Bitlex. Also sold a couple games to staff member bitcoin2cash. Loaned Atlas 90 or so BTC a while ago, also a lot of other transactions primarily selling steam games to other members but most of them are low post count and/or long inactive.
Well let me know if you need/want any more information or if I'm approved or declined off the bat or if 55 would be too much.
April 14, 2012, 10:37:47 AM
I'm here to request a 1-day, 30 BTC loan.
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
Scammer.
Out of curiosity, what did you want the loan for anyway?
(and while it might look like it, we're not all sharks, but we've collectively lost a lot of money to fraud, and some people like to bash new user loan requests)
April 13, 2012, 11:55:45 PM
I'm here to request a 1-day, 30 BTC loan.
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
Scammer.
Out of curiosity, what did you want the loan for anyway?
(and while it might look like it, we're not all sharks, but we've collectively lost a lot of money to fraud, and some people like to bash new user loan requests)
April 13, 2012, 10:08:19 PM
I'm here to request a 1-day, 30 BTC loan.
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
Scammer.
April 13, 2012, 12:55:43 PM
I'm here to request a 1-day, 30 BTC loan.
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
Scammer.
April 12, 2012, 09:53:51 AM
I'm here to request a 1-day, 30 BTC loan.
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
12QcUPyHNqdB4xJNiXBa6r9qVovMpfuZKP
January 26, 2012, 08:36:38 PM
I request 23 Bitcoins.
I pay 2 bitcoins a Day starting tomorrow.
15 bitcoins on february 1st.
If i am late on any of the 2 btc a day thing - Interest is 0.5000 btc per day im late.
If i added this right = your profit = 2 bitcoins out of the loan for 5 days and can get higher if i am late.
I pay 2 bitcoins a Day starting tomorrow.
15 bitcoins on february 1st.
If i am late on any of the 2 btc a day thing - Interest is 0.5000 btc per day im late.
If i added this right = your profit = 2 bitcoins out of the loan for 5 days and can get higher if i am late.
Confirmed, sent 23 BTC.
January 26, 2012, 04:24:40 PM
My pm is working again, sent ya another message you might like :-D
January 26, 2012, 03:46:14 PM
I cant reply to pm's :-(
Got the 10 messages per hour block :-(, so i can only respond here now
Got the 10 messages per hour block :-(, so i can only respond here now
Oh, didn't see this.
I'll send your loan by 7 PM EST if I decide to go through with it.
Sounds good - my address:
1HdN2E6H55bUVc3g3qdQMqQfHJrSYfKVCm
Thanks - going to the store -i be back
January 26, 2012, 03:43:57 PM
I cant reply to pm's :-(
Got the 10 messages per hour block :-(, so i can only respond here now
Got the 10 messages per hour block :-(, so i can only respond here now
Oh, didn't see this.
I'll send your loan by 7 PM EST if I decide to go through with it.
January 26, 2012, 03:38:52 PM
I cant reply to pm's :-(
Got the 10 messages per hour block :-(, so i can only respond here now
Got the 10 messages per hour block :-(, so i can only respond here now
January 21, 2012, 05:12:17 PM
how many times you said you will stop ? each time you are asking for bigger loans ....
are you not interested in the project anymore ?
are you not interested in the project anymore ?
He declined the 30 btc loan - so just asking for 10 btc on a new thread.
I can confirm that I declined the loan... rexcoin is not trying to start a Ponzi, folks
January 21, 2012, 05:08:22 PM
how many times you said you will stop ? each time you are asking for bigger loans ....
are you not interested in the project anymore ?
are you not interested in the project anymore ?
He declined the 30 btc loan - so just asking for 10 btc on a new thread.
January 21, 2012, 04:55:31 PM
January 21, 2012, 04:34:40 PM
O.k, I know im new - but i have done 4 loans already or more and i paid them all back with a nice chunk of interest.
If you dont want to do this i am totally fine with it. As i am new and dont have alot of rep.
So in any case, i would love to borrow 30 btc from you. i can pay interest daily, no problem at all. Since this is the BIGGEST loan i have taken to date, I am willing to pay it back daily, you can specify how much a day, most likely i can pay it back by/on the 1st.
Let me know if you can do it, i will keep my word.
Thanks also for offering to lend people, we need more like you!
If you dont want to do this i am totally fine with it. As i am new and dont have alot of rep.
So in any case, i would love to borrow 30 btc from you. i can pay interest daily, no problem at all. Since this is the BIGGEST loan i have taken to date, I am willing to pay it back daily, you can specify how much a day, most likely i can pay it back by/on the 1st.
Let me know if you can do it, i will keep my word.
Thanks also for offering to lend people, we need more like you!
January 18, 2012, 10:50:40 PM
Technically his loan percentage is capped at 7.5%, since he mentions nothing about accruing, compounding, late fees, etc....
Which seems reasonable for a short term loan. Especially since market swings of 7.5% per week is a norm around here.
I would hope if he endeavors into long term loans with the above mentioned terms that his interest rate would come down.
Which seems reasonable for a short term loan. Especially since market swings of 7.5% per week is a norm around here.
I would hope if he endeavors into long term loans with the above mentioned terms that his interest rate would come down.
January 06, 2012, 02:27:01 PM
"I don't see this as profiting from you. This is a rather legitimate"
I was just joking.(#21)
"I''m really curious to understand the logic behind lending at 0%"
we follow Islamic law (similar rules exist in bible/torah) no interest on loans. we do accept gratuity, so if you are asking whats in it for us (from these loans) we dont get anything out of it , except the occasional gratuity. IBB is here to support BTC community, from the lending section you can see many people asking for loans, each has their own reason for their requests of loans, we have BTC available and we are happy to help.
I was just joking.(#21)
"I''m really curious to understand the logic behind lending at 0%"
we follow Islamic law (similar rules exist in bible/torah) no interest on loans. we do accept gratuity, so if you are asking whats in it for us (from these loans) we dont get anything out of it , except the occasional gratuity. IBB is here to support BTC community, from the lending section you can see many people asking for loans, each has their own reason for their requests of loans, we have BTC available and we are happy to help.
January 06, 2012, 02:20:47 PM
ah everyone profiting from me, I cleared the lending section from scammers so now you are all free to lend at interest since the scammers ran away!
but dont worry interest free loans will win in the end !
but dont worry interest free loans will win in the end !
I don't see this as profiting from you. This is a rather legitimate
business practice: borrow from large lenders and re-loan retail
at higher rates. What's weird in your case is the rate at which
you loan BTCs ... I'm really curious to understand the logic
behind lending at 0%.
http://en.wikipedia.org/wiki/Islamic_banking
"Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees (known as Riba or usury) for loans of money"
January 05, 2012, 09:42:25 PM
ah everyone profiting from me, I cleared the lending section from scammers so now you are all free to lend at interest since the scammers ran away!
but dont worry interest free loans will win in the end !
but dont worry interest free loans will win in the end !
January 05, 2012, 05:37:11 PM
As per...
As I said earlier, as long as the IBB is pretty much the only game in town, this will remain stickied. When that changes, this will either be unstickied or the other group's post will be stickied. I haven't quite decided which way to do it yet.
...I am stickying this topic.Well, that's awfully convenient
January 05, 2012, 05:20:28 PM
As per...
As I said earlier, as long as the IBB is pretty much the only game in town, this will remain stickied. When that changes, this will either be unstickied or the other group's post will be stickied. I haven't quite decided which way to do it yet.
...I am stickying this topic. January 02, 2012, 03:03:00 PM
Just to play with the numbers, can we have a loan of 50,000 coins for a year - that should require a repayment larger than the total number of coins that will exist on 31 Dec 2012.
30-100 coins, max repayment term is 1 week.
January 02, 2012, 03:01:11 PM
Just to play with the numbers, can we have a loan of 50,000 coins for a year - that should require a repayment larger than the total number of coins that will exist on 31 Dec 2012.
I can see a use for these short term loans - might also be useful to have short term funds in other exchange currencies as well. I missed a $0.98/coin arb waiting for funds to move from one exchange to the other over new-year.
I can see a use for these short term loans - might also be useful to have short term funds in other exchange currencies as well. I missed a $0.98/coin arb waiting for funds to move from one exchange to the other over new-year.
January 02, 2012, 01:22:18 AM
OP is rather smart. Borrow for 0.5% and lend for 1.5%.
It's like bank of america on a smaller scale.
Wow, I didnt see that before. You've got some good eyes.It's like bank of america on a smaller scale.
To OP: N!CE work, Do i qualify?
Also, How "set in stone" is your minimum? Would intrest rates be subject to potential change if i were to attempt to activly loan Less than the minimum?
You definitely qualify
I'd be willing to give you a lower rate of 1.2% for small loans below 30. Minimum for the smaller loans is 10btc.
I stole it from the Elitist Jerks LTC mining pool, who stole it from the intarwebz. You aren't alone in your sentiment
January 02, 2012, 12:51:37 AM
OP is rather smart. Borrow for 0.5% and lend for 1.5%.
It's like bank of america on a smaller scale.
Wow, I didnt see that before. You've got some good eyes.It's like bank of america on a smaller scale.
To OP: N!CE work, Do i qualify?
Also, How "set in stone" is your minimum? Would intrest rates be subject to potential change if i were to attempt to activly loan Less than the minimum?
You definitely qualify
I'd be willing to give you a lower rate of 1.2% for small loans below 30. Minimum for the smaller loans is 10btc.
January 02, 2012, 12:06:22 AM
The mob has a much more established, uh, "collections infrastructure"
LOL 
now we just need a bitcoin mob... December 30, 2011, 02:13:42 PM
OP is rather smart. Borrow for 0.5% and lend for 1.5%.
It's like bank of america on a smaller scale.
It's like bank of america on a smaller scale.
December 30, 2011, 01:05:11 PM
Just a note. If you borrow 1BTC and pay back in one year.... your payment would be 229BTC when compounded daily.
OP did not state whether the 1.5% per day is compounded or not.
OP did not state whether the 1.5% per day is compounded or not.
Um it is bad but not that bad. I think you forgot a decimal point.
Nope, he didn't... 1.015^356 = 229.1
Ouch math fail on my part. So roughly 23,000% APR. Wow I think the mob has better rates and they don't care about your credit worthiness.
The mob has a much more established, uh, "collections infrastructure"
December 30, 2011, 10:20:48 AM
Just a note. If you borrow 1BTC and pay back in one year.... your payment would be 229BTC when compounded daily.
OP did not state whether the 1.5% per day is compounded or not.
OP did not state whether the 1.5% per day is compounded or not.
Um it is bad but not that bad. I think you forgot a decimal point.
Nope, he didn't... 1.015^356 = 229.1
Ouch math fail on my part. So roughly 23,000% APR. Wow I think the mob has better rates and they don't care about your credit worthiness.
December 30, 2011, 10:04:15 AM
Just a note. If you borrow 1BTC and pay back in one year.... your payment would be 229BTC when compounded daily.
OP did not state whether the 1.5% per day is compounded or not.
OP did not state whether the 1.5% per day is compounded or not.
Um it is bad but not that bad. I think you forgot a decimal point.
Nope, he didn't... 1.015^356 = 229.1
December 30, 2011, 10:01:14 AM
Just a note. If you borrow 1BTC and pay back in one year.... your payment would be 229BTC when compounded daily.
OP did not state whether the 1.5% per day is compounded or not.
OP did not state whether the 1.5% per day is compounded or not.
Um it is bad but not that bad. I think you forgot a decimal point.
December 30, 2011, 10:00:15 AM
Just a note. If you borrow 1BTC and pay back in one year.... your payment would be 229BTC when compounded daily.
OP did not state whether the 1.5% per day is compounded or not.
OP did not state whether the 1.5% per day is compounded or not.
It's compounded
December 30, 2011, 09:49:15 AM
Just a note. If you borrow 1BTC and pay back in one year.... your payment would be 229BTC when compounded daily.
OP did not state whether the 1.5% per day is compounded or not.
OP did not state whether the 1.5% per day is compounded or not.
December 29, 2011, 03:58:49 PM
Generous of you to offer 300%+ APR loans for those with good credit.
xD
Such is the state of bitcoin lending
December 29, 2011, 03:36:32 PM
Generous of you to offer 300%+ 23,000% APR loans for those with good credit.
December 29, 2011, 03:25:58 PM
I am offering short-term (1 day to 5 days) loans of 30-50 BTC to trustworthy members at 1.5% interest per day. These loans are always available if the thread is marked "OPEN." You can submit a request via PM or posting in this thread, and I will check it 3 times a day.
Measures of trustworthiness
The following guarantee you a loan within 12 hours (I will not refuse a loan if you satisfy these conditions unless a significant complaint with evidence against you is posted in this forum)
> If you run (or ran) a reasonably popular website that people trust
> If you have done >=3 large deals on this forum (video cards, deals of >30 BTC)
> If you have an OTC rating of >20 with no negative ratings and have dealt on this forum before
> If someone I've dealt with in the past recommends you
> If I've dealt successfully with you in the past
> If you have asked for loans on this forum before and have repaid timely or generously every time (the latter applies to zer0! ) for at least 5 times
> If you are part of the board administration
> If you are an active developer working on Bitcoin and have >50 posts in the Development subforum
It helps if
> You are a long-time member, although that won't get you all the way
> You are a Hero Member
Measures of trustworthiness
The following guarantee you a loan within 12 hours (I will not refuse a loan if you satisfy these conditions unless a significant complaint with evidence against you is posted in this forum)
> If you run (or ran) a reasonably popular website that people trust
> If you have done >=3 large deals on this forum (video cards, deals of >30 BTC)
> If you have an OTC rating of >20 with no negative ratings and have dealt on this forum before
> If someone I've dealt with in the past recommends you
> If I've dealt successfully with you in the past
> If you have asked for loans on this forum before and have repaid timely or generously every time (the latter applies to zer0!
) for at least 5 times> If you are part of the board administration
> If you are an active developer working on Bitcoin and have >50 posts in the Development subforum
It helps if
> You are a long-time member, although that won't get you all the way
> You are a Hero Member
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