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BCHFTW
replied 2142d
As a token of trust, I can post a picture of 2 oz of gold coins with LEND5 written on a white paper. I have no problems handling debts in the ballpark of 10 BCH.
Calm_down_stupid 15kFCL
replied 2142d
replied 2142d
This is comedy gold, pun intended lol
replied 2142d
He may be suggesting a trust token..
replied 2142d
That isn't trustworthy lol. Don't fall for token scams, especially if they're only backed by individual users on social media
replied 2142d
I just realized its been 5 days
BCHFTW
replied 2142d
No my friend, the LEND5 was sold on the 05th, today is the 09th, that is 4 days.
replied 2142d
This is why we need a constant time clock. The 5th should start the count. Not 5+4=9. It's the 5th, 6th, 7th, 8th, and 9th. .. 5 days
replied 2142d
He might make the first few payouts, but you don't want to have to rely on a single social media user for dividends, or anything really. Better to go with decentralized options
replied 2142d
Now hold on a sec... Because I wouldn't want this same rumor going around Collier Coin... 🤔
replied 2142d
Not a rumor, just objective investment advice. Memo is revolutionary platform, but not immune to token scams. This is crypto, after all
Simon Van Gelder
replied 2142d
Trust in the issuing authority is everything.
replied 2122d
agreed :)
replied 2142d
Ok understood :) thanks for clarifying
BCHFTW
replied 2142d
He calls me a scammer (with no proof) and pretends its objective investment advice... Im not even going to dignify it with an answer
replied 2142d
dix is tough... Like you really have to prove him wrong by showing everyone everything everywhere lol
BCHFTW
replied 2142d
Isn`t that what im doing when I paid you back ? and will keep doing that to you again and others too. I will even list smaller amounts of LEND5 so that the risk is lower for borrowers.
replied 2142d
I'm not complaining...
replied 2142d
I'm not complaining...
replied 2142d
Your approach is more transparent since it's pretty much all onchain, and you'll build up trust over time. But a fixed income crypto lending scheme run by one guy is shady af
BCHFTW
replied 2142d
No, the 5th should not start the count, that is not how it works. Not on crypto loans or in fiat world when it comes to loans.
replied 2142d
Lol no one is gonna want to wait a day for it to take place... Crypto is 24/7
replied 2142d
It should take place at point of sale😉
BCHFTW
replied 2142d
Several lending sites on crypto, like BTCPop, Bitbond, Poloniex to mention a few does it this way. They are not alone, every other lender in the worlds also does it that way.
BCHFTW
replied 2142d
Many crypto lending sites list and fill loans with borrowers who offer no collateral, other than their previous payment reputation. This token is no different.
BCHFTW
replied 2142d
Essentially yes, however each transaction on the blockchain back and forth between lender and borrower of LEND5 is trust building.
replied 2142d
Verified 👍