Silk Road forums
Discussion => Newbie discussion => Topic started by: thedankbankeraliveandwell on June 13, 2013, 09:57 am
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i'm thinking about changing the game by offering btc loans to trusted buyers
or even fronting zips of top shelf tree for 7 days for an additional cost.
Does anyone think this will be a good idea? I know i could possibly get scammed but i'm hoping the GOOD in man will prevail. interested to see feed back.
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Hm it's an interesting business model. Well I mean there are entire industries built on the concept of loaning money, that sounds sort of like a 'payday loan'. I think it could work if there is enough demand; you'd have to build in enough extra profit to offset the additional risk / non repayment. Someone can as well intentioned as they want but if at the end they still don't have the BTC for whatever reason.
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I believe there is definitely room for BTC loans, but as you said it would be easy for people to scam you. If you did it for people that you could really trust then i think its a good idea!