Bitcoin Forum

~snip~

I would like to apply for a 0.02 BTC loan. I've already sent you the reason for my loan request.

I signed a message with 1HcASsLuZKr6Uk3AFXtQHz9cXiUsA54NVg. It was posted on 7th January
https://bitcointalk.org/index.php?topic=1310101.msg13476744#msg13476744

I signed this message
Signature for this message ist

Please sent the loan to 1HcASsLuZKr6Uk3AFXtQHz9cXiUsA54NVg

Repayment of 0.025 BTC will be on 17th March (six day from now).

A heads up, OP; I would avoid loaning to PIP. He has had intentions of farming trust as seen here (https://bitcointalk.org/index.php?topic=1394872.0), following the example of a lot of loaners around here.

EDIT: Never mind, looks like wording got a bit confused. Link. (https://bitcointalk.org/index.php?topic=1394872.msg14170099#msg14170099)

Thanks for making me aware for this complaint of Fishbones78.

I responded to the "compaint". He got me totally wrong. I wanted to receive positive feedback whether he wants to fill my loan request. Nothing more. I think this is very different than asking for positive trust.

I'm still trying to work this out. If this user though that the other user was farming for positive trust, why not give them negative trust?

Asking for positive trust is very different from forcefully demanding it. Trust is also revokable.


Once you send me the account and give me a signed message stating ownership is transferred to me, you will get your Bitcoins in a few hours max.

I gotta ask a newb question: what is the goal of the borrower to borrow such small sums?  Is it to aggregate it into a larger sum to pay off a ....utility bill or something like that?  I just don't understand why someone would want/need to borrow a couple of bucks

If you think this is small loan,people ask loan requests for a few pennies ,almost worthless in any real life scenarios.The reasons could be any,doubt people reveal real reasons in most of the cases.Gambling/Sports Betting/Investor Based Games could be a few reasons but mentioned them will void the chances of you getting the loan.People literally scam for few pennies here.Welcome to bitcoin. :)

You didn't answer his question.

Here's my answer to it: it's because most of the people getting loans here are people who don't have opportunities to make the couple bucks, or convert dollars into bitcoin fast enough for what they need it for. Reasons include their age (being young), where they live, conditions, etc.

But some of them look to farm trust by getting loans (and again, an apology to PIP for falsely calling you out on Fishbones's accusation).

OK, so it seems as though it is more a quick gamble/bet or a scam thing.  Or...a few bucks to me is worth a lot to someone else.  I forgot to take into account that these loans are probably worldwide.

I am familiar only with your typical bitcoin arbitrage.  I'm on LBC a lot.

I have also been a lurker on this forum, decided to full commitment sign up, trying to learn as much as possible.

Loan funded for one user who requested.

Information can be found below:
loan taken: 12th March 2016
repayment due: 18th March 2016
loan amount: 0.02BTC
loan repayment: 0.025BTC
colateral: his account
txid for start loan payment (from me): 4b62b8a296aac877e2be40b1f8af6080de5466e06ec502f168a45577996d2f8f

Loan Amount          : 0.005
Reason for Loan      :private
Amount to be repaid: 0.006
Repayment Date     : 4 days
Type of Collateral   :  My Account
Bitcoin Address      : 1F68t6hL9XVRSQ35XdcXMhsKvmZa1KT5d4

Yep, that's fine.
Please sign a message from that address and I you will receive your funds shortly (once I or an escrow posess your account).

Thank you for your application.

pm sent.

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is bvadi146 from bitcointalk.org and today is March 14, 2016. I am giving the account bvadi146 as collateral to jackg for a loan of 0.005BTC. I will repay the loan 0.006BTC by March 18, 2016. If I fail to repay on time, the account bvadi146 will belong to jackg.
-----BEGIN SIGNATURE-----
1C6imgRzNtKufck9YfxVzFkCtdfmLkWGgZ
HyQ3Z+duHuQJUhC2AZYqxtxMCKu9I2chxoJq0tZ9F42n1N8OepA4T1RIq/2aElAOG5Fnmf0bUhnathcf5ujdWCI=
-----END BITCOIN SIGNED MESSAGE-----

I've noted this information and will test it once Bitcoin Core loads.

Verification scessful.

Loan Amount          : 0.005
Reason for Loan      : TRADING
Amount to be repaid: 0.006
Repayment Date     : 3 days MARCH 19, 2016
Type of Collateral    :  My Account
Bitcoin Address       : 39AC38QbqXqWMmViW289SRK7LNR8yfKWNi

This user is requesting different amounts on different lending threads and offering his account collateral.

Be careful when lending to this user.

Reference 1: https://bitcointalk.org/index.php?topic=1390973.msg14208655#msg14208655
Reference 2: https://bitcointalk.org/index.php?topic=1358931.msg14208782#msg14208782
Reference 3: https://bitcointalk.org/index.php?topic=1399592.msg14208863#msg14208863

Denied.

You asked for a loan on 4 or more differfent threads, mainly with different amounts and interest rates.

Therea re actually 5 threads that he s requrested loans from.

He really thinks that I don't check recent posts?

If he had just applied for mine, i would have acepted.

Loan Amount          : 0.005
Reason for Loan      : private
Amount to be repaid: 0.0056
Repayment Date     : 3 days
Type of Collateral   :  My Account
Bitcoin Address      : 1FMvFPHriF24V7k58hiJBiq8i81jGp12jz

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is danswer42 from bitcointalk.org and today is March 15, 2016. I am giving account danswer42 as collateral to jackg for a loan of 0.005BTC. I will repay the loan 0.0056BTC by March 18, 2016. If I fail to repay on time, account danswer42 will belong to jackg.
-----BEGIN SIGNATURE-----
1FMvFPHriF24V7k58hiJBiq8i81jGp12jz
H1PVSAXPEqE3DDpMX0VXtUs29lLrujUxCiHigrXnUlt/LQZJRrbnzt7ldN0Q+x7DZzaxu5lxJ2oJberpd0TRkGs=
-----END BITCOIN SIGNED MESSAGE-----

posst edited, please check jackg

Loan Amount          : 0.005
Reason for Loan      : private
Amount to be repaid: 0.006
Repayment Date     : 4 days March 19, 2016
Type of Collateral    :  My Account
Bitcoin Address       : 1B6BNQU5WDamhTTxwnSiFDANE2zrkrXCn1

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is bolean785 from bitcointalk.org and today is March 15, 2016. I am giving account bolean785 as collateral to jackg for a loan of 0.005BTC. I will repay the loan 0.006BTC by March 19, 2016. If I fail to repay on time, this account will belong to jackg.
-----BEGIN SIGNATURE-----
1B6BNQU5WDamhTTxwnSiFDANE2zrkrXCn1
IMkeuPzzuN/NnC53bFUp8CKfqgZXAyyFEU4ENvNlMmccHyoOKj4uqvNl8/LDQW85Sze9/2Os3485+sSwPSBH/LE=
-----END BITCOIN SIGNED MESSAGE-----

You can check here : http://coinig.com/

I tried that and it gives me an error when i copy and paste the corrosponding text. It states something about only a 256 characterset volume I obviously know what thismeans but don't know why I get the error. .

I already deleted..
And i was trying to fix to remove the post regarding my applications..
Im pretty sorry for that...
Thankyou

Coinig is pretty broken (as f*), especially when it comes to messages with linebreaks etc.
You should use other verification tools (core, electrum,...).
If it has to be a website/online tool, go with a copy of brainwallet (http://wallet-2sx53n.sakurity.com/#verify).