Post
Topic
Board Service Announcements
Re: [ANN] BTCJam - Peer to Peer Bitcoin Lending
by
yellowdog213
on 11/04/2013, 14:30:17 UTC
It's basically selling debt.

Or at least something like debt.  It is a fixed payment, quasi interest barring debt (actually not interest but fixed cost).



Neither of these explain it to me like I am five years old. Could someone please be very explicit about it? I'm sorry that I don't understand; I am just so naive about anything related to money.
What would it mean if I were to click one of the buttons that says BUY on the Open Sell Orders? What would happen?