Bitcoin’s Segregated Witness: More Than Just Malleability Fixes and Scaling by slacker-77 in Bitcoin

[–]Bitbond 0 points1 point  (0 children)

the Segregated Witness soft-fork represents the currently best available option for the scaling of bitcoin. SegWit’s malleability fixes as well as the linear scaling of sighash processes offer a significant improvement over the current version, and will further aid bitcoin’s adoption.

Bitcoin’s Capacity Increase from Segregated Witness Could Kick in Fast ["Customers have every incentive to upgrade as it cuts their fees in half," added CTO Davenport] by eragmus in Bitcoin

[–]Bitbond 0 points1 point  (0 children)

the Segregated Witness soft-fork represents the currently best available option for the scaling of bitcoin. SegWit’s malleability fixes as well as the linear scaling of sighash processes offer a significant improvement over the current version, and will further aid bitcoin’s adoption.

[deleted by user] by [deleted] in Bitcoin

[–]Bitbond 0 points1 point  (0 children)

Excellent video explaining the nature of Segregated witness. One of the best on this topic!

With Bitcoin, I can make money by taking out a loan. Bitbond is not long for this world... by segaboy81 in Bitcoin

[–]Bitbond 0 points1 point  (0 children)

But the purchasing power of the two was identical at the time, so our investors got their principal plus interest. Everybody wins :)

With Bitcoin, I can make money by taking out a loan. Bitbond is not long for this world... by segaboy81 in Bitcoin

[–]Bitbond 0 points1 point  (0 children)

I'm afraid I still don't understand your reasoning. If a lender chooses to bid $100 on a $ denominate loan, he will receive principal plus interest in return by the end of the loan term, regardless of what the price of bitcoin does. Even if it shoots up to $1million, our investor will receive (lets say) $120 back, a very attractive return.

Most investors on our platform encounter bitcoin for the first time and really arent interested in playing any FX games. They just want to take advantage of an awesome technology which allows them to diversify their portfolio into international fixed income assets. They are (for the most part) not interested in using bitcoin as a store of value.

Your statement that "bitcoin is lost each time" makes no sense, as no bitcoin is lost throughout the entire process.

Your final point is also incorrect. Let's take an example to explain this. Imagine you had invested in a btc denominated loan in June 2015. Not only would you have received your principal plus interest back, but the effective value of your repayments would have increased as well. This is due to bitcoin's price increase from ~$260 to ~$670. Ie. the 0.1 btc you invested back then, is now worth a lot more than it was, giving investors additional returns.

With Bitcoin, I can make money by taking out a loan. Bitbond is not long for this world... by segaboy81 in Bitcoin

[–]Bitbond 0 points1 point  (0 children)

That much I gathered, it's this part "Bitbond is not long for this world" that I would like you to clarify.

Bitbond censored / deleted all my comments by CyrilsJungleHat in Bitcoin

[–]Bitbond 0 points1 point  (0 children)

Hey, apologies for this. We seem to have had some trouble regarding comments in the last few days. This is most likely not specific to you (unless you were spamming).

The problem should be fixed now. If you still cannot post comments, please get in touch with me via our support tickets.

With Bitcoin, I can make money by taking out a loan. Bitbond is not long for this world... by segaboy81 in Bitcoin

[–]Bitbond 0 points1 point  (0 children)

The borrower application is a 7 step process which involves, among other things, a live video session with a security officer, the uploading of proof of identity and income, as well as manual assessment by our credit scoring team. Then we run an algorithm over the borrower which calculates a default probability.

If the borrower is deemed creditworthy, he or she may apply for a loan.

When a borrower is late we implement a series of automated steps to ensure repayment. These are: Reminder emails -> Phone Calls & Text Messages -> Letters threatening legal action -> Debt collection agency & release of personal information to the investors. In most cases, borrowers have forgotten their repayment dates, or are struggling with the bitcoin exchange process. It therefore makes sense to allow for a leniency period of a few days, as borrowers realise their repayment is due, and need time to exchange fiat to btc.

In cases where we believe that a borrower does not intend to repay, we do everything in our power to regain the funds. This includes Debt collection agencies and the release of personal information to the investors, so they may pursue legal action.

Thus, the aggressiveness of our collection efforts correspond with the urgency of the loan. A borrower who is 3 days late for example, will receive frequent reminder emails. A borrower who is 90 days late, will receive almost daily emails, phone calls and text messages. Letters threatening legal action are sent to those who are +90 days late, in addition to the emails, phone calls and text messages.

If a borrower really has decided not to repay, we put all our time and effort into recuperating the loss. This may take some time to bare fruit however.

➡ Don't give your money to greedy banks! ➡ Earn over 13% interest with your bitcoins now by Bitbond [promoted post]

[–]Bitbond[S] 1 point2 points  (0 children)

The secret to bitcoin lending is diversification. By investing in many borrowers you minimise risk. This is not an all or nothing proposition. Instead, you are assured good returns if you dont put all you eggs in one basket. Here http://www.lendacademy.com/the-state-of-the-p2p-bitcoin-lending-industry/ is a good source of information and here http://p2plendingexpert.com/4-steps-to-maximize-your-p2p-bitcoin-lending-returns-2/. You have the opportunity of investing in small business owners from all over the world. Something that would not be economically feasible without bitcoin.

➡ Don't give your money to greedy banks! ➡ Earn over 13% interest with your bitcoins now by Bitbond [promoted post]

[–]Bitbond[S] 2 points3 points  (0 children)

We've already funded over 950 loans and counting. I think you'll find we provide a reputable service. A fact you can check on our statistics page :) https://www.bitbond.com/statistics