Topic: Why would people lend BTC without interest? (Read 1150 times)
I lent my brother a large amount, interest free, for 5 years. But he's related to me by blood, so that might be different.
Interesting thread is interesting.
Stunna is a beast with an awesome idea! I hope he receives the support he deserves braving his BTC for us clowns ;p
OP-
Scenario 1:
You have a $20 bill but want 20 $1 bills and then want to take the $1 bills and turn them back into another $20 bill.
Scenario 2:
You are altruistic and like being part of something.
Scenario 3:
Refer back to Scenario 1.
Scenario 1:
You have a $20 bill but want 20 $1 bills and then want to take the $1 bills and turn them back into another $20 bill.
Scenario 2:
You are altruistic and like being part of something.
Scenario 3:
Refer back to Scenario 1.
(unfortunately, I misplaced a check senbon sent over at one point -- it's worth a fair bit now lol)
How much are these worth roughly?I have one or two, just hope they're in good condition!
(unfortunately, I misplaced a check senbon sent over at one point -- it's worth a fair bit now lol)
How much are these worth roughly?I have one or two, just hope they're in good condition!
No one would part with their BTC to make a 1 day loan for regular APR interest.
I've only needed short termers on a few occasions.
And I was more concerned about the "oh shit" moment than I was about the math behind taking the loan.
I've only needed short termers on a few occasions.
And I was more concerned about the "oh shit" moment than I was about the math behind taking the loan.
Two thumbs up for Stunna. It offsets the moronic interest rates people seem to be asking for. Have you seen some of them floating around. I mean really. 
There is a dude asking for 5 percent for 1 day loans. What bloody APR is that. Probably don't want to know.
It's unfair to compare really short time loans to longer loans. But for your reference, 54211841% APR. There is a dude asking for 5 percent for 1 day loans. What bloody APR is that. Probably don't want to know.
Thank you for splitting this discussion to this thread. 
I'll begin with a very simple example, happening at work, after lunch, when it's time to pay.
"- Oh damn, I forgot my wallet in the office! Can anyone lend me 10$, please?
- sure, you'll have to repay 10.1$, though."
Does that sound right to you ?
If you want to go deeper, you need to read this first, or any information source you trust, about this topic.
I understand you might be cautious about wikipedia.
I'll begin with a very simple example, happening at work, after lunch, when it's time to pay.
"- Oh damn, I forgot my wallet in the office! Can anyone lend me 10$, please?
- sure, you'll have to repay 10.1$, though."
Does that sound right to you ?
If you want to go deeper, you need to read this first, or any information source you trust, about this topic.
I understand you might be cautious about wikipedia.
I understand this, I've loaned people I know in real life small amounts of money with 0% interest. However, this is Bitcoin, and as Joey has proven, people will scam you repeatedly for just .1BTC
I suppose it could work if he only lends to trusted members, though.
Thanks for the explanation.
Clearly this man is different. He wants to help the forum users. Unlike most lenders that only wants profit.
Here is a successful 0% successful interest 200BTC loan.
https://bitcointalksearch.org/topic/100-repaid-nasty-mining-200-btc-loan-258099
With mandatory tips, but still.
https://bitcointalksearch.org/topic/100-repaid-nasty-mining-200-btc-loan-258099
With mandatory tips, but still.
Guess this happens in deflationary economies. Although a bit early-adopter style to have any real gains and with such small amounts of time, one or two weeks.
http://en.wikipedia.org/wiki/Altruism
Helping others in spite of knowing your efforts will be sacrificial.
Helping others in spite of knowing your efforts will be sacrificial.
Thank you for splitting this discussion to this thread.
I'll begin with a very simple example, happening at work, after lunch, when it's time to pay.
"- Oh damn, I forgot my wallet in the office! Can anyone lend me 10$, please?
- sure, you'll have to repay 10.1$, though."
Does that sound right to you ?
If you want to go deeper, you need to read this first, or any information source you trust, about this topic.
I understand you might be cautious about wikipedia.
I'll begin with a very simple example, happening at work, after lunch, when it's time to pay.
"- Oh damn, I forgot my wallet in the office! Can anyone lend me 10$, please?
- sure, you'll have to repay 10.1$, though."
Does that sound right to you ?
If you want to go deeper, you need to read this first, or any information source you trust, about this topic.
I understand you might be cautious about wikipedia.
Originally, there was the Islamic Bank of Bitcoin offering 0% loans https://bitcointalksearch.org/topic/islamic-bank-of-bitcoin-21732
IIRC, just the loans (senbon was doing investing in actual projects with funds, too) were profitable from tips. I doubt it could still work given the current state of the forum and users in general, but I guess a new guy took up the reigns.
(unfortunately, I misplaced a check senbon sent over at one point -- it's worth a fair bit now lol)
IIRC, just the loans (senbon was doing investing in actual projects with funds, too) were profitable from tips. I doubt it could still work given the current state of the forum and users in general, but I guess a new guy took up the reigns.
(unfortunately, I misplaced a check senbon sent over at one point -- it's worth a fair bit now lol)
People may tip.
I saw that Stunna is offering 0% interest loans.
Why would you even offer 0% interest loans? You have negative expected value considering you're permanently in the red if just one person defaults.
Why would you even offer 0% interest loans? You have negative expected value considering you're permanently in the red if just one person defaults.
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