Bitcoin Forum

Hello,

  I need a loan of 3BTC asap please. This amount will be used to expand my mining services (To buy more Gh/s and maintenance for a rig).

  I can provide a collateral : 180 LTC.

  Payments will be done every 2 weeks ( 0.55BTC/2weeks until payment is done - 12 weeks- ) (start counting immediately after the loan is received. )

  My BTC Address : 1DswmdznL6exZzN6akJpsPUc4ZWRZo9JQc

You need escrow for collateral, silly.  ::)

So no collateral?  ;D

One litecoin is currently BTC0.01586 on btc-e, so 180ltc is only BTC2.8548. If you want the full BTC3, do you have any more collateral to add?

you're collateral should be greater, preferably 110% + higher at current market price.
No collateral?  You'll need escrow or send directly to lender.

I can loan you BTC2.5 for the collateral you have.

200 LTC collateral and rise the loan to 3BTC ?  :)

That covers it, but do you have a little extra? Maybe 220? Just to be safe in case the price fluctuates over the next 3 months and if the litecoin would no longer cover it. If you have it and intend to pay it back, that shouldn't be a problem anyway. We can escrow your litecoin with John K.

Edit: Actually, if you can make a payment every week instead of two weeks, I think that will be a safe defense against price fluctuation. Is that okay?

I can afford a little extra but i still have only a small amount which will be kept in case of problems it will be used to "help" for executing payouts so i prefer keeping my collateral @ 200LTC.

I would prefer to pay every 2 weeks to be sure i have the amount everytime and be more "comfortable" between expenses and payouts of my service .

If it's ok we can do the transactions tonight and make the txids public in this Topic.

Thanks.

Alright, that's good with me. I can send a message to John K, but I don't think he's online right now. Is it okay if we wait until he responds or do you need it by tonight? I can take it myself if you send first, but you might be more comfortable having an escrow hold it. Whichever you prefer.

It's up to you for me it's the same using escrow or publishing the transactions in this topic.

EDIT : Let's make it public

Can you please provide your LTC address

Sending BTC3 to demontn
Return BTC0.55 every 2 weeks for 3 months
Repay to this address: 14JfoTdReMkDjXgwPD4FySYy9AcQVNFrhn
Collateral of 200ltc to be held by austin until loan is fully repaid

If you're okay with these terms, please send 200ltc to: Lfu6NVsxFdrSWrM5vNU9WoEnsuUS7QeZHx

Sent 200LTC to austin (This amount will be hold by austin until i pay him back the loan). Transaction ID : 0478cd1aa531448ac3957f09d5db31354b95cfc27de788e123c17bce04097a36

He loaned me BTC3 and i will be returning BTC0.55 every 2 weeks during 3 months

Please send BTC to this address : 1DswmdznL6exZzN6akJpsPUc4ZWRZo9JQc

Thanks.

It should be there shortly, I just have to get it out of CoinLenders.

Amount received : BTC3 . Transaction ID : 2732c9e5b9e2cc972750043476c7ae39fc80d22911992d3e01321beb92dc185d.

Next Payout : 10/27/2013
Amount to Pay : BTC0.55

thanks.

BTC3.0 sent to: 1DswmdznL6exZzN6akJpsPUc4ZWRZo9JQc
txid: 2732c9e5b9e2cc972750043476c7ae39fc80d22911992d3e01321beb92dc185d

Confirmed :

Amount received : BTC3 . Transaction ID : 2732c9e5b9e2cc972750043476c7ae39fc80d22911992d3e01321beb92dc185d.

Next Payout : 10/27/2013
Amount to Pay : BTC0.55

thanks.

No problem, good luck with your mining!

Thanks  :)

Please return to this address: 14JfoTdReMkDjXgwPD4FySYy9AcQVNFrhn

I've also edited my previous post to add this address.

Ok.

First Payment Sent : Tx ID  62fc71fbbf2c41ca8dbe25df5ab6d5be70450a44fbfef64580f52ed4529d29d2



Next Payout : 11/10/2013
Amount to Pay : BTC0.55

Total Amount Remaining : BTC2.75
Thanks.

Payment confirmed!

Second Payment Sent : Tx ID 2c76855185b066a2c41be4dc22dc4edd4ab6211525b021cc38619dbd902c5fc8

Amount Sent : BTC 0.75


Next Payout : 11/24/2013

Total Amount Remaining : BTC2

Thanks.

Confirmed!

Loan Paid Back,

He sold 168ltc ( = BTC 2) and send me the remaining LTCs (31.83600002 ltc).

TxID: 04490cd2d4aa838b9e79d759e2f9f8ef171b8a773f11da797fb7e4afea9ca03a .

Thanks,

Nice To Do Business with you.

Confirmed. The collateral has been sold to cover the remaining debt and the rest returned to demontn. Thank you for your business!