I should have dumbed down the post.
Please do so! Meanwhile, although I usually don't tag Newbies asking for no collateral loans, allow me to do what Vod usually does:Quote
Newbie wants a no collateral 0.1 BTC loan to use as collateral to take a 0.8 BTC loan to establish a reputation. Did I interpret this sorcery correctly?
It's a nice touch to call $376 a "microloan", but it won't work.
I am looking for a micro loan of .10; I am going to use this as collateral to get a loan on a mainstream bitloan lender
Loan Amount:0.8 Reason for Taking out a Loan: To establish rep, exchange
Nice try 