Need some dirty fiat to pay a bill or buy bitcoin? Come over to lendasat and take out a loan from me!!
All interest will be repaid to the borrower at the end of the loan!
Loan book is growing.
This is how we defeat usury and fractional reserve banking.
One loan at a time using Bitcoin!
Pretty sure you aren't supposed to pay interest if you are loaning to another believer?
The lendasat platform's lowest option while lending is to charge a 1% fee, but @BlokchainB vouches to pay even this 1% back manually to the borrower upon completion of the loan term. Truly amazing!
yeah lendsat making 1% on all loans is fair. I am sure they have operating costs
What is the incentive for one to offer the loan?
In service to Jesus my Lord.
The Bible talks about lending to others and how those who believe shouldn’t charge interest.
Other believers find passages in the book then they try to justify that even some interest is righteous but I reject this.
I know I am a flawed man and have done many sins and I know everyone is not a believer but one thing I hate with a passion are banks and credit cards and how they completely rob us blind.
Like it blows my mind how the masses fall for the Somali daycare scam but are okay with Wells Fargo paying us 0.01% while they print fake cash out of thin air and charge people interest!!! Talk about stealing!!
So instead of complaining and just buying and holding bitcoin for myself i figured what if I was to build a loan service built on Christian principles.
I think bitcoin is perfect for this because I don’t have risk of not getting repaid which is one of the main reasons this current system is so broken. So many people are irresponsible and given the chance not to pay back they won’t especially a random stranger on the internet.
Hopefully over the years I hope to
grow this loan book to at least 1 BTC before I die.
Amen and God bless you. I think it's amazing what you are doing.
Thanks.
Must be nice to not have to work anymore and try to acquire more sats. One day we'll all be free like Darth!