Peer to Peer Bitcoin lending

you can give me bitcoin. i promise i'll pay it back ;)
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>Mcbutterpants

Go back to leddif with your PG-13 memes

>LOL BOAT GOT NAMED BOATY MCBOAT xD

or bitfinex

pajeet pls!

so i haven't got my answer, can i use this site to hedge my investments in bitcoin against loss or take advantage of extreme price climb or not?

anyone can tell me more about how much it costs to loan bitcoins?

*borrow bitcoin
sorry

For all of its fancy lending terminology it seems to be more of an exchange. Basically selling bitcoin at 15% markup - pay comes to your PayPal - risk must be charge back potential. Guess you could hedge your shekels but 20% (fees) would cut into any moon shot.

and how about a good chargeback scam?
what complications can you run into?

what i have in mind is i get a throwaway credit card pay with it (get like 10 btc) report it stolen and ask for a chargeback, simply burn it. keep btc.

i read the faq or something it seems to me you need to pay back the dollar value equivalent of the loan.

so basically the only way from a borrower to profit from this is if bitcoin price rises and he pays back the loan in bitcoin and gets to keep the difference.

in the event of bitcoin price fall i don't see how the borrower can get out of this well.

1. chargeback scam - if I wanted to break the law I would go back to selling bags of oregano to 7th graders.
2. No way out of that loan fee well unless BC goes moonshot.
3. I think the only way to make this work is to churn like a bitch - rinse and repeat. Probably easier to day trade.