Reasons:

• I get requests from people with 1 post wanting an account which means either someone told them or they have a sock puppet account.
• I don't want this to spiral out of control, so adding even this small limitation makes my life much easier to manage.
• I trust my lenders and trust they know who is a good candidate and who isn't.

If I find that I have lenders referring crappy clients to me I'll hold them responsible, close their accounts and go on about my day.  I'm trying to build a core to a much bigger operation here and I think this is the best way to attack it.

maybe someone that doesn't nag him to withdraw 0.12 btc everyday for their bittleships addiction?

Hi,
you posted saying you are a great lender.
how much BTC you have?
We can start by you lending me some BTC, then if you are trustworthy, I will refer you to pirate.
Let me know.

many thanks for the offer but wouldn't you just then be lending them on to Pirate next time he opens a funding window so that I'll carry his risk but for a lower profit as you're the go between which means I carry a double risk from first Pirate & then from yourself, no offense & you're justified in doing this in the circumstances but I would rather wait for Pirate to invite me on board his brigandier himself which he prob won't bother to do in any hurry or at all if I supply him funds indirectly via you, please to excuse me if I have made incorrect assumptions re this & to let me know

good luck with your ventures  

heh, looks like you sir are full of coins! my interest payment was payed out to my local wallet  

 You mean my operating wallet?

EDIT: Your account is not set to reinvest so you get a payment and not a deposit.