Post
Topic
Board Lending
Re: Need 0.3 BTC
by
redsn0w
on 28/03/2015, 12:50:43 UTC
I get that point Vod. My point being then it leaves the feedback system as being a broken tool ripe for abuse. Which is exactly what happened.
To me this was more of a social experiment anyways. I was reading a few articles about how easy it was to obtain a bit coin loan. Which as I have found more people want to basically have you give more money than what the loan is worth. Essentially borrowing your own money essentially.
I don't understand why someone who would really need the money would in my example. Trade $130 worth oh say Dogecoin to get $100 worth of bit coin. To then have to pay interest on it to boot. When you could cash out what you need lent of your dogecoin and avoid the interest and what seems to be a slew of scammers along the way.
The only thing I see positive about this forum is if you wish to scam feedback and bully people. This is your place. That's all I have to say about all the matters at hand.

This is how a loan "works". You request money here and you "should" pay back the amount with a little interest (always low than the bank's interest). If you can't give a collateral that it is no sense request a loan here because we are not stupid & you are not a genius. If you have (in your example) the equivalent in dogecoin then you should convert it to bitcoin instead to come here and request a loan (with interest) ... or am I wrong?