Neoxian's payday loans!

in loans •  8 years ago  (edited)

Greetings my sea friends!
Did you just write an awesome post and bagged yourself 50$? Fantastic! But sadly, you have to wait for another 6 and a half days before you can spend it. Bummer.

Need that money sooner? Fear not! Old Neoxian has got you covered!

Introducing:

Neoxian's payday loans!

I'll offer you a loan using your future payment as collateral. Here are the terms:

  • You must have at least 55 rep.
  • The interest rate for rep 55-60 is 15%
  • The interest rate for reps 61 and above is 10%
  • You must have a pending post that pays out liquid rewards sufficient to pay back the loan plus interest.
  • Loans are for SBD only
  • If your post gets downvoted later, you are still on the hook for the full amount.


(pic by orig02 from deviantart)

** Offer void where prohibited.

Edit: Added bullet point for downvoted posts.

Authors get paid when people like you upvote their post.
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It's possible to downvote? Or is 'downvote' being used interchangeably with 'flagged'?

Yes, flagging and downvoting are exactly the same thing. I use them interchangably myself.

There is a big philosophical debate about whether we should call it downvoting and have a down arrow, or be called flagging with the flag icon.

I much prefer the flag. I think it makes most people stop and think before flagging.

Sorry for commenting on an older post. Hope I didn't annoy you.

Yea I agree. Calling it flagging makes it seem like more of a big deal, and that you should only do it when there is a real problem, like spam or plagairism.

I don't flag posts just because I don't like them.

No problem, I like getting comments on old posts.

I think making it such a big deal is important here. Especially because there's money involved.

May I ask you a potentially annoying question?

Sure ask away.

After seeing the high earnings on your posts I looked in your wallet and was blown away. Do you have any tips for how to be successful here? Even a few dollars here and there would be incredible for me.

(I also found something weird in steemitonline's wallet and made a post about it.)

I've been here for a long time, since last summer, so it's almost been a year now. It may take some time for you to build up a following so have patience.

Tips:

  • Post about things you are passionate about: hobbies, funny stories from your past, words of wisdom.
  • Make thoughtful comments of other people's posts, engage, make friends.
  • Don't forget to have fun.

What happens if somebody's post is downvoted? :)

Heh yea, that's a good point. I could help upvote it. I better put another bullet point up there.

The interest rate of 10% a week is worse than mafia, but I guess it's fair given the risk of not being paid at all.

  ·  8 years ago (edited)

Start writing a rant-post series.

Haha. Please no :)

xD

I was thinking this also!

thats some capitalistic thinking :)

Is my Credentials qualified?
Good as Solidgold

I might make an exception for you.

Thanks @neoxian
You're good as Gold!!! ⭐️⭐️⭐️⭐️⭐️

Super interesting idea man hehe !

Hi @neoxian , you have a good soul, thought we can receive well, I see from the way you move.
I'm here always support you, see you put the picture to complement post and it's very smart for me.

I will Resteem !! So everyone knows.
GOOD JOB

Lol intresting idea , THE FIRST STEEMIT BANK IS HERE !

When they don't pay you back-

What do you do when they don't pay you back? Perma-flag their posts?

I think aggroed and pitterpatter have the right idea.

Better draw up the papers on this puppy
because when payout goes to monthly...
YOU'LL OWN THIS PLACE!
If someone gets downvoted and can't pay?
I believe there's a personal touch added to their loan.
payback.gif

This is a great idea! Did you just start this? If not, has this been useful for others?

Just started it. I'm not sure if I'll get any takers.

Damn good business model if you do. Neoshark!

I am sure you will get some! Resteemed!

Hi, can i borrow at a negative interest rate, like the banks do.

No only the rates listed above.

Start renting out steem power you can delegate it for a week or more depending on your terms. I bet that is something that would be really popular and you get paid up front.

I am hopping offline now, but saw this signing off, this is a great great idea my friend.

See you around the

#SteemitCampfire

this weekend where you can share this idea on that post for sure, thanks for dropping in again today and this weekend!

You'll have a black book soon haha

I don't need a loan.......but I like the way you think. always hustlin