Uncollateralized Gambling Loans | Bitcointalksearch.org

snailmen

full member

Activity: 224

Merit: 100

My username was chosen by my nephew.

Quote from: marjod on October 25, 2015, 09:39:26 PM

Maybe I had to precise my thoughts:

Imagine I borrow 0.01 BTC to snailman. Because of a Lucky day, I manage to win 0.1 BTC. And because I'm a greedy bastard and want to keep all the gain for me, I decide to repay only 0.01, the amount of my loan. I tell snailman I won nothing with his loan and only repays him the loan.

I think this is a case of social trust. If you can't prove you won, why bother repays the asked 20% if snailman can't verify this ?
Do this made my point more clear ?

Good point. Guess I'll lock the thread then.

marjod

sr. member

Activity: 285

Merit: 250

Maybe I had to precise my thoughts:

Imagine I borrow 0.01 BTC to snailman. Because of a Lucky day, I manage to win 0.1 BTC. And because I'm a greedy bastard and want to keep all the gain for me, I decide to repay only 0.01, the amount of my loan. I tell snailman I won nothing with his loan and only repays him the loan.

I think this is a case of social trust. If you can't prove you won, why bother repays the asked 20% if snailman can't verify this ?
Do this made my point more clear ?

mark coins

hero member

Activity: 910

Merit: 1000

Quote from: marjod on October 25, 2015, 09:13:10 PM

I'm not sure if this kind of thread belong to the lending section as it involved gambling.

This kind of loan is risky for you because you have absolutely no guarantee that people will play it fair and repays you, even if it is trusted members.
If someone will 0.1 BTC with your "loan", he/she can repays you only 0.01 BTC because you can't prove that the borrower won (maybe I'm mistaken, I don't know how Moneypot works).

wrong. if someone borrow .01btc then he will only pay .01btc if he losses in gambling but if the borrower won atleast .1btc then he should pay with atleast 20% of the profit gained

Quote from: snailmen on October 25, 2015, 06:23:39 PM

Only term is that if you win 0.1+, you owe 20% of profits to me along with the 0.01. If you lose, you can return 0.01 (no interest).

marjod

sr. member

Activity: 285

Merit: 250

I'm not sure if this kind of thread belong to the lending section as it involved gambling.

This kind of loan is risky for you because you have absolutely no guarantee that people will play it fair and repays you, even if it is trusted members.
If someone will 0.1 BTC with your "loan", he/she can repays you only 0.01 BTC because you can't prove that the borrower won (maybe I'm mistaken, I don't know how Moneypot works).

ajrah

sr. member

Activity: 350

Merit: 250

OP maybe you should define clearly what "trustworthy members" is because I see 2 newbie post's already here asking taking advantage of your no collateral loan. But don't get me wrong, there's nothing wrong with what you are offering. Adding to your OP exact forum rank I guess will help. cheers bud!

reminesjoseph

newbie

Activity: 27

Merit: 0

crypto-burn!!

snailmen

full member

Activity: 224

Merit: 100

My username was chosen by my nephew.

How about, let's not play ^^

reminesjoseph

newbie

Activity: 27

Merit: 0

Lets Play!
Moneypot wallet address-1DXh2EYcqDoEcBVGFUcYgkser49p2jmQdd

1aguar

full member

Activity: 210

Merit: 100

OK, let's play! I have made my account; awaiting your PM. Kiss

snailmen

full member

Activity: 224

Merit: 100

My username was chosen by my nephew.

Giving out 0.01 for you to gamble away or win big. Accepting most trustworthy members who I think will repay. You must repay within 7 days, or I will consider it defaulted. No interest.

Only term is that if you win 0.1+, you owe 20% of profits to me along with the 0.01. If you lose, you can return 0.01 (no interest).

Just post below asking for the loan. If you're accepted I'll PM you. My BTC is on MoneyPot.com so I can tip you there so you can play instantly. Oh yeah, and Vod, I'm not encouraging scamming so plz don't leave a red on me, I'm trying to do something nice and fun.

Approved Members:

1aguar - October 25

Topic: Uncollateralized Gambling Loans (Read 519 times)