Quote from: Muhammed Zakir on January 20, 2015, 12:51:26 PM

Quote from: russianptr on January 20, 2015, 11:59:41 AM

Hey guys,

I need a 0.060 BTC Loan.

Terms:

amount: 0.060 BTC
duration: 6 days
interest: 20 %

BTC address: 134wtUKt11PCDVoQwhVbSnzCR9UQ5oGppV

I will buy the BTC to pay you back.
(you only have the counterparty risk of dealing with me,
but no risk if my investment goes belly up, because I´ll buy the
BTC anyway)

If you´ve got any questions, lmk.

What do you mean by "you only have the counterparty risk of dealing with me" ?

~~MZ~~

in a usual loan you have 2 risks:
-the lender disappearing with the BTC
-the lender doesn´t want to disappear with your BTC and is honest, but can´t pay you back anyway because he loses the loan amount

In my loan at least the second risk is eliminated because I am going to buy BTC regardless of what happens with the 60 mBTC I get from you or someone
different.

But of course you still have to trust me regarding the first point, that I´m honest and intend to pay you back.

Hope you understand what I want to say Wink