Quote from: sal002 on April 11, 2013, 02:39:47 PM

Quote from: yellowdog213 on April 11, 2013, 02:30:17 PM

Quote from: TradeFortress on April 11, 2013, 05:02:14 AM

It's basically selling debt.

Quote from: sal002 on April 11, 2013, 10:12:19 AM

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?

Quite honestly if you are five years old, you shouldn't be using BTCJam. It is basically a way to get a loan from your peers, or a way to offer a loan to your peers.

I fully understand how BTCJam works, as I have invested quite wisely and made a good chunk of change with my investments while it seems like a lot of people have invested poorly and lost a lot. However, this new feature really confuses me and I would like some kind soul to please explain it thoroughly to me. I do not think that is too much to ask.

yellowdog213

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