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nimda

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0xFB0D8D1534241423

Quote from: posormo on August 31, 2013, 12:47:00 AM

Quote from: nimda on August 31, 2013, 12:25:00 AM

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.

Rannasha

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Quote from: Cyt6000 on August 28, 2013, 12:59:08 PM

Would it be acceptable to ask for a 0.37BTC loan in order to buy the ~~bit canary saphire erupter~~_{Just 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.

posormo

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Quote from: nimda on August 31, 2013, 12:25:00 AM

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

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

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.

Magazine

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Activity: 112

Merit: 10

Quote from: monbux on August 30, 2013, 09:21:57 PM

Quote from: Magazine on August 30, 2013, 07:27:55 PM

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.

monbux

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Quote from: Magazine on August 30, 2013, 07:27:55 PM

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

Magazine

member

Activity: 112

Merit: 10

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.

marcovaldo

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Quote from: Cyt6000 on August 28, 2013, 12:59:08 PM

Would it be acceptable to ask for a 0.37BTC loan in order to buy the ~~bit canary saphire erupter~~_{Just 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...

monbux

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That's like asking if you could give me $100 and I'll pay you a few pennies.

Cyt6000

newbie

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Quote from: Vod on August 28, 2013, 02:12:01 PM

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

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Licking my boob since 1970

Quote from: Cyt6000 on August 28, 2013, 12:59:08 PM

Would it be acceptable to ask for a 0.37BTC loan in order to buy the ~~bit canary saphire erupter~~_{Just 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.

Cyt6000

newbie

Activity: 26

Merit: 0

Would it be acceptable to ask for a 0.37BTC loan in order to buy the ~~bit canary saphire erupter~~_{Just 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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