# this cant be very good... Person2Person lending **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [December 1, 2006, 9:29am UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974 "2006-12-01T09:29:03Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [December 1, 2006, 9:29am UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974/1 "2006-12-01T09:29:03Z")
[http://www.prosper.com/](http://www.prosper.com/) ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 1, 2006, 9:34am UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974/2 "2006-12-01T09:34:58Z")
I don’t even know what to say to that. It’s quite possibly the worst idea ever. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 1, 2006, 9:38am UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974/3 "2006-12-01T09:38:14Z")
> Can you guess when people-to-people lending was invented? Would you believe 300 A.D. in China? But not just in China, in fact, for centuries small groups of people all over the world have been coming together to lend each other money. The names may be different, but the idea is the same. In China it’s called Lun-hui, in Egypt it’s called Gameya, and in Mexico the Spanish word is Tanda. > > Why not use a bank or a credit card? > **Well, banks as we know them are a relatively new thing.** The world’s oldest central bank, Sveriges Riksbank (AKA the Swedish National Bank), wasn’t founded until 1668—almost 1,400 years after the first recorded Lun-hui! Oh. My. God. ---
**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\ **Post date:** [December 1, 2006, 9:45am UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974/4 "2006-12-01T09:45:50Z")
Homeland Security will be all over this. ---
**Author:** ![fbrendan](https://avatars.discourse-cdn.com/v4/letter/f/d26b3c/32.png) [@fbrendan](https://forums.speedlife.net/u/fbrendan)\ **Post date:** [December 1, 2006, 9:47am UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974/5 "2006-12-01T09:47:35Z")
Wow. ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [December 1, 2006, 2:17pm UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974/6 "2006-12-01T14:17:08Z")
as much as you guys want to think this is rediculous etc, it’s pretty popular in other circles… such as [www.creditboard.com](http://www.creditboard.com) generally places you won’t find trolls. :tup: ---
**Author:** ![krunklestilskin](https://avatars.discourse-cdn.com/v4/letter/k/6a8cbe/32.png) [@krunklestilskin](https://forums.speedlife.net/u/krunklestilskin)\ **Post date:** [December 1, 2006, 6:41pm UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974/7 "2006-12-01T18:41:38Z")
Person to person lending rules. It is huge in the house flipping scene. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 1, 2006, 8:13pm UTC](https://forums.speedlife.net/t/this-cant-be-very-good-person2person-lending/20974/8 "2006-12-01T20:13:45Z")
I wouldn’t fucking touch it.