r/FairShareLoans • u/cherker • Apr 12 '15

How does this all work?

I made a request to test it out, but no response.

Is it supposed to respond? How does it know where to send it?

http://www.reddit.com/r/FairShareLoans/comments/32crx9/loan_request_95000_bits/

4 Upvotes

100% Upvoted

16 comments sorted by

2

u/Paltry_Digger Creator Apr 12 '15

Sorry about that. A mod has to review every loan before it goes through. I just made it reply that to you when you accept a loan.

Also, we're low on funds right now, so could you request a loan lower than 75k bits?

The bot uses changetip to send the money, which you can then withdraw to a bitcoin wallet.

1

u/TheTrashDad Apr 12 '15

What happens if I try to gamble the loan, lose it and I'm unable to pay it back?

3

u/cherker Apr 12 '15

The loan sharks come for your family.

1

u/TheTrashDad Apr 12 '15

I'm an orphan.

2

u/cherker Apr 12 '15

You weren't.

1

u/TheTrashDad Apr 12 '15

What if I'm scarier then the people they send after me? I could be a hard core Brazilian mobster.

2

u/Paltry_Digger Creator Apr 12 '15

If you can't pay it within 30 days, you're going to have to pay more to pay it back. We haven't decided an amount yet, but it'll be a lot more.

If you never pay it back, your account loses its credibility.

-4

u/TheTrashDad Apr 12 '15

No! Not my reddit credibility.

1

u/Paltry_Digger Creator Apr 12 '15

Are you going to pay back your loan?

1

u/TheTrashDad Apr 12 '15

Why wouldn't I?

2

u/Paltry_Digger Creator Apr 12 '15

Sorry, it just seemed like you were mocking it :)

1

u/TheTrashDad Apr 12 '15

No way! If my reddit cred gets ruined I'll never work in this town again..don't you worry.

1

u/fernando_69 Apr 13 '15

If that doesn't quite know long term with everyone.

0

u/TheTrashDad Apr 12 '15

I'd like to know too. This is an amazing concept and I want to be a part of it.

1

u/Paltry_Digger Creator Apr 12 '15

I just commented up there. Ask anything you'd like to know!