Bitcoin Forum

Other => Archival => Topic started by: --Encrypted-- on April 08, 2015, 10:55:27 PM



Title: DELETE
Post by: --Encrypted-- on April 08, 2015, 10:55:27 PM
Need a 0.1btc Loan
Interest: 5%
Collateral: none at the moment.
Term length: 4 Days.
Address: 1JBSu1L1RpUMNvw21C5zDNQw5jwqahiwnV

and I have a question. how does the signature payment collateral works?


Title: Re: DELETE
Post by: sunstreakeer on April 08, 2015, 11:17:55 PM
Need a 0.1btc Loan
Interest: 5%
Collateral: none at the moment.
Term length: 4 Days.
Address: 1JBSu1L1RpUMNvw21C5zDNQw5jwqahiwnV

and I have a question. how does the signature payment collateral works?

You basically sign a message from your Address for anyone with the phrase and address to check, to make sure you own that address.
But your signature won't be valid collateral for this loan, since you asking for 0.1, and the total money received on your address is only 0.7

I believe your account would make a better collateral, good luck with the loan ^^


Title: Re: DELETE
Post by: --Encrypted-- on April 08, 2015, 11:22:33 PM
Need a 0.1btc Loan
Interest: 5%
Collateral: none at the moment.
Term length: 4 Days.
Address: 1JBSu1L1RpUMNvw21C5zDNQw5jwqahiwnV

and I have a question. how does the signature payment collateral works?

You basically sign a message from your Address for anyone with the phrase and address to check, to make sure you own that address.
But your signature won't be valid collateral for this loan, since you asking for 0.1, and the total money received on your address is only 0.7

I believe your account would make a better collateral, good luck with the loan ^^

that is not what I'm asking. I'm asking about the sig campaign payment collateral.


Title: Re: DELETE
Post by: EcuaMobi on April 08, 2015, 11:28:21 PM
Need a 0.1btc Loan
Interest: 5%
Collateral: none at the moment.
Term length: 4 Days.
Address: 1JBSu1L1RpUMNvw21C5zDNQw5jwqahiwnV

and I have a question. how does the signature payment collateral works?

You basically sign a message from your Address for anyone with the phrase and address to check, to make sure you own that address.
But your signature won't be valid collateral for this loan, since you asking for 0.1, and the total money received on your address is only 0.7

I believe your account would make a better collateral, good luck with the loan ^^

that is not what I'm asking. I'm asking about the sig campaign payment collateral.

You ask the signature runner to pay to the lender any income you have until the loan is fully repaid. Both the person who runs the signature and the lender must agree.
It makes sense for the lender to assign a unique address for the repayment so the signature runner can check whether the repayment was sent. But of course everything is agreeable.



Title: Re: DELETE
Post by: waterpile on April 08, 2015, 11:48:14 PM
Note: This person ran away with some guy reddcoins in a gambling site before.. he says his going to return it but never came back again :(