Bitcoin Forum

CANCELED

Note: This person is also known as fontas on CoinChat. (not the same fontas from forum.litecoin)

He briefed me on the idea the day before today and it sounds good, although I didn't give him a loan. This person is not Joey and has given away multiple Bitcoins away on CoinChat, but does not currently have the funds for this.

His gambling site is basically based off of Just-Dice, with a higher house edge and some cool new features which explain the higher house edge.

Disclaimer: I am not the OP and do not take responsibility for the loan, he asked me to post this. As always, pay your due diligence, this isn't some notice that he is guaranteed to not default

And if the site does not become successful how will he pay for this? Diamondcardz we both know he must have collateral especially being a newbie to even get a bitcoin here. Good luck with your idea but honestly if you don't have the funds, offer to sell your idea. Its your best chance of making anything honestly.

https://bitcointalk.org/index.php?topic=119896.0

My view is probably slightly biased, of course - I've seen this person give away hundreds of dollars to people before.

Disclaimer #2: I do not endorse this loan, I was asked to post this as a favor, although the info I gave there is honest info. The OP is a friend of mine on CoinChat.

I would like to say, DO THIS AT YOUR OWN RISK. I've known and chatted with this person, this dice game adds no new features, which on itself is not so bad, but the 5% interest rate a month is nowehere near guaranteed. This person needs this money to pay his developer because he lost 16BTC in gambling on dice sites. Fontas is going to hate me for this but I rather save someone 10 BTC than keep my reputation with him good. Sorry, Fontas.

Disclaimer: This person is not actually Fontas.

EDIT: Also, the only collateral he offers is his rainbow chat colour on coinchat.

I wont hate you for this, but to make people more comfortable the money will not be handled by me. And yes, my only collateral is the rainbow font on CoinChat. I wish I had something else to offer than trust but I don't, Sorry.

Both statements are true, I can confirm both of them.

Who is the holder?

Absolutely not, The escrow holder is not going to be someone such as your "partner"

I agree, it sounded stupid. I guess I will have to think of another solution.

A trusted escrow like John K would work.

Would John K hold the money until I got a a reason to use them? I thought escrows was only for item sales.

I will escrow, if you trust me enough.

Well, depends on the lenders. They want their coins secure.

It's much better using a known escrow with a lot of reputation, I feel my BTC would be much safer there than with DiamondCardz.

Yeah, totally understandable. I'd consider my coins more safe with an escrow such as John K instead of in my control, myself.  ;)

Do John K require fees? What's the minimum amount, is there any thread about his service?

He'd probably take 0.1 or 0.2 BTC.

From the actual loan or up-front?

Either.

No, John is asking for the fee payment before he escrows, or at least did last I used his services.
And he takes a 1.5% for a quick escrow, if he has to hold the coins for a lenghty period, it might be more.

Thanks for the reply, I need a person who can lend me first tho :/

Bump.

I don't get what goes into escrow. You're asking for a loan... If John K holds onto the money then how will you pay your developer? I figure that you would need collateral for this.