Post
Topic
Board Service Announcements
Re: [ANN] BTCJam - Peer to Peer Bitcoin Lending
by
Bitcoin-Corporation.com
on 17/10/2015, 02:31:12 UTC
I tried to borrow 1 BTC in btcjam loan duration 1 month
I need to return a total of 1.75 BTC, this is really bad
Interest rate 75 %   1 month   Undecided

http://i.imgur.com/Dee8IIs.jpg

Wow. In some jurisdictions thats probably considered "usery".

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u·su·ry
ˈyo͞oZH(ə)rē
noun
the illegal action or practice of lending money at unreasonably high rates of interest.
interest at unreasonably high rates.
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