Bitcoin Forum

Loan Amount: 0.0015 btc
Loan Purpose: Personal
Loan Repay Amount: 0.002 btc
Loan Repay Date: August 12
Type of Collateral: Tron or Doge
Btc address: 3N8E1EpzwNh7fV6PZirHipBizWSpsqbGo5

Curiously, Coinmarketcap (https://coinmarketcap.com/) is suggesting both DOGE and TRON are 0.00000297 at the moment.

BTC 0.001 of each would be approx 335.  So, rule of thumb, 125% of amount borrowed/risk would be approx 421 of each you would be offering as collateral.

No problem , send me wallet

Just for the record, you forgot to include transaction fees for 2 transactions that burden the borrower... :P
Anyway, if PalermoMoon wants to proceed with this loan request, I can cover it if Timelord2067 doesn't want to.

It's okay , send trx address please

I prefer to send/ use DOGE as collateral. If you can only do Tron, I'm sorry but I can't help you out.

Ok send me Doge wallet

@condoras or @Timelord2067 help with the loan

Send me DOGE wallet

The collateral amount that you have to send is 632.5 DOGE. Confirm the amount and then I provide you with the address.

Confirmed

Address

DOGE address: D5WPKHNroxJUXHmGYUrkjBxeEFrWAsHSHy
After I confirm that I receive them, I will send you 0.0015BTC.

https://dogechain.info/tx/dbc5164e8a57b4625f7e01c257ace4f453ee009468a411c6ce1f49538ef2f3f4

Please post your BTC address to send you the funds.

bc1q5f8uj53kt6y666c4gc36n2k574skxmf69xejv6

Nicely executed. Borrowers: this is how collateral is used (if you trust the lender to send first, as was the case here). I would encourage one stipulation re: how is collateral managed if its value drops below loan value, or perhaps increases substantially.

Hash of a comment I'm making, just not yet revealing .. af65d29... nevermind, I rest my case

Amount of Loan : 0.0015 BTC- Sent (waiting confirmations)
Amount of Repayment : 0.002BTC
Date of  Full Repayment : 12/08/2022

Please when it will be the time for your repayment, on or before 12/08/2022, let me know so I provide you that time the repayment address. Thank you.

Thank you

Out of curiosity: why not use an instant exchange instead? Fixedfloat would have given you 0.0015 Bitcoin for 520 Doge. Then, 2 days from now, you can swap 0.002 Bitcoin back for about 650 Doge. Unless you expect Doge to drop more than 20% in 2 days, that would have been a better deal.

In addition to that the interest given in this trade is insanly high (32% for only 2 days).

This whole thing is just weird..

I went to bed after making the first post, so I missed doing the trade.  I probably would have stipulated 48 hours from when the funds were provided,


I would assume the borrower and lender each covers their TX fees unless otherwise factored in, but given as RikandMorty1 points out:


The repayment amount would cover any nominal TX fees in this instance.


It certainly is.

Excuse me, but that is what I can offer to lenders, each one has their own criteria and the important thing is that I comply with the rules to obtain a loan

Help me with the wallet to repay the loan

Repayment address sent by PM. I will confirm when I will get the BTC.

BTC received. Please, post your DOGE address to send you back the collateral.

It's not weird, it's trust farming.  The newbie is hoping to get positive feedback for repaying this loan, which will propel him on his way for an exit scam...  Interestingly enough all his posts so far have been in lending or currency exchange.  Not unlike another recently red-tagged would-be loan scammer (https://bitcointalk.org/index.php?action=profile;u=2705665).

Indeed, there is a possibility to be a case of trust farming. Still, the oldest members here know that this ain't going to happen from my side. At least so easily. 8)

EDIT: @PalermoMoon: Still waiting for your DOGE address to return the collateral...

Trust farming is much easier in Collectibles than in lending.

Yeah makes no sense to trust farm - especially once heat is on in the form of forum eyes.. So every attempt is kind of a win-win for abusers. Worst case, account tagged; move to next.

DMC4REUMuWN3YKhmQVrpdWkpLLtdo9ZsBv

Thank you


Edit: repayment https://www.blockchain.com/btc/tx/be994d9ac064e80f0cb47addab5aab1241cb24e29f11178e4d9bfb1f5b94e2e6

Good afternoon, first of all, all the misunderstandings are ridiculous. I asked for a loan because I need it, but according to the rule, it is to have the guarantee and I offered it.

Now if they say why not change the doges to btc it is because the price of btc is not stable and I still have more doges


I don't care if I gain trust or not, I'm just doing things the right way.

If they are going to put me under surveillance, there is no problem, they can do it

It's more I like to help the community

Collateral sent: https://dogechain.info/tx/4c92f835fad18b7ddf266f61e5d945f0ca2ae94eb20582acc8c9d4fcbbf84151
Thank you for the deal.

Classic.. I'm kind of with you there. We're on a forum that's basically one about money. High alert; we all are on here.

If the value of the collateral goes below the repayment amount or the percentage agreed by the both parties then the lender can sell the collateral amount. But if the borrower can provide more collateral then there is no reason to sell the collateral. If the price of collateral increase and borrower wants to get back few collateral then that is okay or the borrower can wait (if not necessary) until the repayment.

Which is why in post number two I said:


The OP agreed to that.