It's actually kinda strange to me, nowhere in the financial world do we see borrowers specifying the interest rate that they should get. The whole concept is actually counter-intuitive to me. What normally happens is that the lender assesses the risk given the borrower's information and the lender figures out at what interest rate to discount the risk. It seems like the lender should know how to judge the risk better than the borrower. In addition, our system allows the borrower to reject individual offers and to tell the lenders, via comments or the loan description, that there is a maximum interest rate that he/she is willing to pay.

We actually have our own forum: http://forum.bitlendingclub.com/