Am I the only one here that thinks this entire thing will end badly?
Hey, troll somewhere else. kthnx
Although hard to believe, I'm being serious. I've seen people in bitcoin throw their money away time and time again and it really feels like everyone is so loaded up on hope (and maybe dope) that they're willing to do anything for a chance of making bitcoin pan out for them. Be realistic afterall, if all I need to do is spend some time and a little bit of money passing money back and forth to get some credibility in order to rob people in a community of tens of thousands of dollars, that doesn't shine well on the community's common sense. I assure you though, if it makes sense to do I'm always involved, and that- not to troll-- is the reason I am here.
Am I the only one here that thinks this entire thing will end badly?
I am truly honored the be trolled by the king of all trolls. I fell like I have gotten to the top somehow. Thanks
In other news I wake to find that the DC where btclending.com is being hosted is under DDoS attacks.
I am not a happy camper.
Atlas is gone. So quiet here.
Have to find new meat to chew on for comedic value.
Am I the only one here that thinks this entire thing will end badly?
There's always a non-zero risk of defaulting in any loan situation. As a compulsive loaner on IRC, pirateat40 was just another borrower to me, and I evaluated him as I do with anyone else and decided it seemed safe enough for me to risk it. His actions since my initial loan to him have reinforced my trust in him, but anyone who assumes you can make big money with no risk is going to get burned eventually.
Personally, I'd be pretty bummed if he disappeared with my money, but I won't have trouble making the rent and will probably keep dealing bitcoins with other people. And on the grand scheme of things, I still think this deal has probably one of the highest reward/risk ratios out there.
So anyway, I think it's a lot more likely to end well than to end badly, but one can never be sure
the only difference between us is that I've dealt with pirateat40 a hell of a lot more than you have. That could either cloud my objectivity or give me more information to form a correct opinion, and I guess time will tell which
tl;dr: yours is a valid concern, and is definitely one that all lenders should be aware of at all times, but I think the risk is low, and I'm risk-tolerant enough to bet a lot of "real money" on that viewpoint
Makes perfect enough sense and thanks for taking the time to explain. I understand risk perfectly and appreciate it far more than many people I know. But as you mention:
the only difference between us is that
I've dealt with pirateat40 a hell of a lot more than you have. That could either cloud my objectivity or
give me more information to form a correct opinion, and I guess time will tell which
And that response is the one I am looking for. Does everyone here know him? Is everyone just hopping on the trust train because one guy trusts him? That's why I'm asking.
To find out.
