I just wish to trade these for Bitcoins or Litecoins at btc-e .. I applied for a NMC loan because its very low risk for the lender, and that is because this currency is almost considered worthless.

Then trade with them & pay back the buyer.

Who knows if anyone who has a stockpile of 3k NMC & loans me that amount & with me exchanging that on BTC-e I might bring in more circulation to this currency & maybe perhaps rise it's value.

I don't see how this is any lesser risk than lending you the required amount of BTC/LTC directly. You are asking for a 27 BTC worth of loan in here regardless of the actual currency the trade is agreed on.

Would you personally lend that 3000$ for a stranger on the internet?

Good point from both of you.

Point to Note : I have already applied for a 25 BTC loan : https://bt.irlbtc.com/view/172696.0

If get either of these loans it'd work for me.

If you follow that link you'd see my idea of how I plan to use this loan amount has shifted from Buying an ASIC + Trading to simply Trading and THEN buy an Asic AFTER I've repaid the lender.

As to the fact WHY someone should loan any money to anyone well that is a debatable topic. I applied for a loan because I know I can contribute to this community by bringing BTC to my country & increasing the liquidity here I just lack the monetary strength to do it.

I understand the good old supply/demand curve in any kind of trading, I just applied for such a loan because few months ago NMC was considered useless. One such users who had a huge stockpile was literally ready to give away all his NMC to me & that person was a complete stranger, the only reason he didnt do it cuz we were talking in an open chat channel and another guy prompted him that NMC can be exchanged & he said what one of you guys said : "If I can exchange this, why should I give it away for free ?"

The bottom line is, I need help becoming an ACTIVE bitcoin-er, and I cant do it without the community's help. hate me, call me a beggar, call me a scammer, it will piss me off it will disgust me, but it wont deter me or change the way I am or the point of view that I have.



People lent thousands of dollars if not millions to BFL didnt they ? and I am just ONE guy asking for a genuine help to actually expand the horizon of Bitcoins in my country AND make a living out of it. I am an Indian $200 a month and my family's sorted for a month. Well.. If not exactly a 'living' out of it but at least some profit out of it. I cant JUSTIFY the reason as to why anyone should lend me anything, but here I am asking for help & sure as hell would be glad if & when I get that help.

+1

And to the trading, you can start small. If your net income is $200/month then that 3k$ is 15 months net income. Thats a big money for everyone regardless of the actual sum.

Um, I think you missed a little.

BBQcoin is no longer a "sleeper" sitting there being quietly mined in a civilised manner by CPU miners, all co-operating in keeping the difficulty low so they all profit together at the lowest dfficulty that many miners can keep it at.

Admittedly if BBQcoin were on those sites that purport to show relative profitablity, it would have been way way up there in profitability 24 hours ago before I mentioned its actual difficulty and price on a thread that showed one of those sites' profitability tables, but the difficulty doubled very soon after I posted there.

Go ahead and chase the in the limelight "profitable" coins with your GPU farms sure, but the big point was point a CPU core at each of the "sleepers", those are bad to point much power at as you would just drive up the difficulty so it would be a waste of power. A core per "sleeper" for however long they are able to stay "sleeping" works out very well for all the CPU miners lullabying it through its "sleep".

Start raping it with high power and you just force others to also throw more power at it, leading directly back to the same old power-wasting arms-race, in effect waking it up before you have even had many months of quietly accumulating its coins day in and day out, so you come out less well off faster. Aesop wrote about GPU miners and CPU miners, he called GPU miners "the hare" and CPU miners "the tortoise".

-MarkM-

Sounds interesting and definitely Interested.
Pm me more

namecoin.com is BACk. So Bump.