Bitcoin Forum

I am currently seeking roughly 2.5BTC in loans.  Terms of these loans are negotiable,
but the majority of these loans should be at 5% interest over a one month term, and 3% interest compounded
weekly if late.  Once I have enough loan offers, I will begin accepting loans.  That is to say
once roughly 2.5BTC is reached in proposals, the address for payment will be given and the 30 day loan
period starts.


Current Offers:

User: EternalGloom
Amount: .5 BTC
Interest: 5%
Period: One Month

User: Tertius993
Amount: .5 BTC
Interest: 5%
Period: One Month



Still awaiting the final offers, feel free to tell post them below.


Regards,
Gabriel Cole Battaglia

I confirm that those terms are acceptable for me.
You can give me the address for payment.

Yup, all fine with me.

Unfortunately I wont be able to loan you for a bit :( sorry.

All good.  No worries.  I'll edit out your information on the OP.  Thanks for all the loans thus far.
@Lenders, still interested in obtaining another 1-1.5 for these loans, once this number is reached
in offers I'll accept the offers and give address for payment.   

You should take the word "Guaranteed" out of the title.  Since you are not offering collateral, it is NOT guaranteed.

Neither is working with collateral here on BTC-Talk. If I get hit by a bus or die in some incredibly unlikely incident,
the lender wouldn't have means of getting his funds back [and I'd lose my life]. If they have their collateral held by
an escrow [escrow.ms for instance] and he gets hit by a bus, the lender is still in the same boat.

These are all rather extreme scenarios though. I guarantee my lenders will be repaid.  In many cases my lenders
have been repaid early. Not counting interest, my total loan record here surpasses BTC5.75 in the past four months.
During those periods Bitcoin was worth substantially more than it is now.


Truly,
Gabriel Cole Battaglia

Unless the lender got some trust to send collateral directly to him.

Could still be a ponzi and in future you grab more and say bye. No offense though...just thinking loud ;)

See, I would lend you... But I don't lend to lairspeople who mislead others.  There is no such thing as "guaranteed" and it is quite misleading  ::)
I still don't get it, you are not offering a collateral? o.O

Up to you honestly.  Anyways, no I am not.  I haven't had collateral on all past loans I'm citing here for reference.


A ponzi?  Wouldn't the whole "I will not accept any loans till my current loans here are paid back" go against the whole ponzi
scheme?  Doesn't the fact I'm not accepting the above loan offers till a certain amount is reached debunk the ponzi scheme?

I'm willing to address any concerns you may have regardless of whether you are willing to lend to me, as I'm not trying to pull
anything. 

Maybe you're not trying to pull anything, maybe you are.  An honest lendee should know that saying all this "goodie goodie" stuff is quite useless.  Provide a collateral, and feel free to make your requests as you like... but I do not see you stating you will provide a collateral??? o.O

I'm sorry for the lack of clarity.  I'm not offering collateral, I never have.  Review my past loans and my trust record:
https://bitcointalk.org/index.php?topic=524240.0
https://bitcointalk.org/index.php?topic=500172.0
https://bitcointalk.org/index.php?topic=576173.0
https://bitcointalk.org/index.php?topic=433194.0
https://bitcointalk.org/index.php?action=trust;u=119589

So no.  I have not provided collateral, and I have made requests, and they have been fulfilled and my lenders have been repaid.

To Tertius and EternalGloom:
If I do have difficulties getting the rest of the loan set filled in a timely manner, I will accept the two loans.  They would be repaid
within two weeks at a negotiable interest rate.  Ultimately more favorable terms for you guys if that does end up being the case.
 :)


Regards,
Gabriel Battaglia

So all you have is previous loans and trust.  No offence, but the past does not determine the future, if you catch my drift ;)
But hey, good luck.

Yep.  I'm fine with that.  Cryptocurrency is an ever-changing field.  I'm just saying that your statement that is stated
more as a constant rule has yet to really hold up in the past, and with current offers, it still doesn't.  So yes, you are right;
the past does not represent the future nor present.

Sorry GBattaglia, but you can't be tricking newbies into thinking this is a guaranteed investment when it is not.  There is NOTHING stopping you from running away from the coins.  I'm forced to leave you negative feedback for trying to mislead people.  I'll remove the feedback if you promise to stop using the word guaranteed, or any words like it.   :-\

Vod is my hero.

Not sure if sarcastic or not...

Nevertheless, in the past people have taken out smaller loans and paid them back, to take out bigger loans and pay them back, only to take out a huge chunk of coin and then go offline.

It's certainly possible in this scenario as well.

Now wait a minute, if I decide to give him the loan (0.5 BTC), will you leave me negative feedback for lending to someone with negative trust?

No, trust is subjective.  Just because I don't trust him doesn't mean he isn't trustworthy.

Negative feedback left only for lending to forum marked SCAMMER accounts and newbies.  Newbie accounts can be created en mass in just a few seconds, so we can't encourage them to come here.

I believe I've used the word on my past loan requests as well, just not in title.
I'll review my past loan threads and redact the word guaranteed.  Collateral does
not guarantee anything unless it is in the hands of the lenders, in which the lendee
is not guaranteed either.

Collateral doesn't guarantee anything?  Your reputation doesn't guarantee anything either.
But then again, the whole "guaranteed" word in the bitcoin world should not be used in the first place.

I've reviewed past threads and this is by no means the first time I've used the term guaranteed, as well as other
similar terms. Why there is now such an issue with it even on loans of even less value than prior, and the issue is
enough to deem marking me as a scammer/hazard-to-do-business with is a bit bothersome to say the least.

I'd frankly have less issue with this if it was prior when I made such statements:

"This brings in after fees a minimum of .08BTC daily, with my total loans here counting interest totaling .84BTC, the amount required for repayment is secure and dependable." - https://bitcointalk.org/index.php?topic=500172.0

"Same thing that guarantees I'll repay KWH, and the same thing that caused me to repay ClutchThese and Honeypot; honesty.
I don't screw people over, as my lending history here shows." - https://bitcointalk.org/index.php?topic=500172.msg5530891#msg5530891

"I can guarantee repayment by the 28th of February at the latest." - https://bitcointalk.org/index.php?topic=433194.msg4752545

I'll continue to give consideration to rephrasing this and future threads, but this is by no means the first time I've conveyed such reliability; reliability that has been backed up in every transaction [lending and GPU purchases] here.


Regards,
Gabriel Battaglia

Dear sir, I am simply asking that you modify this thread to remove the word "Guaranteed" from the title (edit first post) and refrain from using similar language in the future.

You are not guaranteeing the loan in any way.

Your usage may not have been noticed until now and hence you did not receive a notification in the past. The use of the term 'guaranteed' implies that a lender will definitely receive the funds lent back to them. In spite of your past transactions and reputation this is still not true as you are not providing the lender with a means to recover funds should you default or run.

No past references are required.  What Vod is simply asking you to do is just rephrase/change the title part "guaranteed".
That's it, please do that :P

Look at the amount he is mining each day, this gives the lender a guarantee that GBattaglia will pay back.

I have loaned GBattaglia over 3 btc for fair interest for a few weeks. (On separate occasions, 1btc being the highest amount)

He does not deserve the negative trust rating from Vod but by all means, it was his decision.

GBattaglia, I will continue to loan you when I can and im sure KWH will aswell :)

He doesnt need to, just like if theymos someone trustworthy asked for a 10 btc loan people would jump right on, for no collateral as long as he was legit.

I always use the same address to send to GBattaglia so that I know for sure he is in control of the coins in that address.

He may be mining more than enough to pay back his loans, but that still doesn't provide a guarantee. Vod just wants the word removed so it doesn't lead anyone to believe that there is absolutely no chance he will run with their money. I don't think he is untrustworthy, but there's still a possibility he could default.

Thanks man, it is greatly appreciated.


To BitcoinTalk Lenders, Vod, Monbux, and users who have posted here:
My primary issue with this whole scenario was that what I said here over the past few days is nothing new from
all my past loan requests over the past four months.  I've used the terms guaranteed, secured, and dependable in
the past when I was working with the same amounts [and larger in fiat value back when BTC was around $800] and had even less history here.

Maybe my usage of these terms slipped by moderation as a user mentioned here because it wasn't directly in the title.
Maybe things changed in regards to guidelines stating you can't use certain terms. Whatever the case, neither party is satisfied.
I'll continue here with advised alterations and redactions, although I'd prefer not because I'd feel it is less honest.
Even with my last loan I just outright purchased Bitcoin via Coinbase to remain early/on-time with repayment when mining may have
not fully covered the loan repayment. 

I do not offer collateral and I highly doubt I will in the future; this has nothing to do with me trying to steal people's money, it is due
to efficiency and speed of procuring funds related to mining and business operations. I know such practices are disliked by lenders here
who rely on a "collateral rule" for lending and receiving loans.

Regarding Future Loans and this Thread:
Due to the discussion here muddling this loan-set, I will create a new thread later on.  This is to help keep things
simple, concise, and professional for both I and my lenders.  For those who have made offers, I do apologize for any
inconvenience these delays may have caused. 


Regards,
Gabriel Battaglia

Thank you for understanding that some words have certain meanings, esp to newer users. 

No investment is ever "guaranteed".  Collateral is about as close as you can get to making sure you get paid back.

Are you serious?  Choose your words carefully.  Just because he CAN payback doesn't mean that he WILL pay back. ::)

Loans Accepted, Please Review Terms:
Amount: BTC.5
Period: 1 Month
Interest: 5% for the first month, 3% compounded each week if late
Address for Payment: 1PPJTo4VqA6Un17ZDKnU4RCKHesj1YZh1T
End Terms

If all is agreed to, please send BTC.5 to the above address. Please give your
address for repayment with the post agreeing to the above terms. Let me know if
you would like twice weekly updates and information on usage of loan funds.

Thank you for your trust, and I look forward to doing business with you now and in the future
if you're interested. 


Regards,
Gabriel Cole Battaglia

I'm not sure why I want to rip off my lenders though.  I've already stated here that it is much more comfortable and lucrative
for me to have BitcoinTalk as a means of funding.  Again though, I do greatly appreciate Howzar's statement in this thread.

I agree to the terms above.

Payment sent: https://blockchain.info/tx/429ba24d94f8afde4ac35096141261c93d19ec9ef0839e55a80941fc2e17b1f0

Address for repayment:
1216exSQuzXjdiwQJNPy9KtzYjfyEGGD7N

Thank you.  The loan will be repaid June 8th if not earlier.  I will send a PM to each lender when I'll be sending the payment to
confirm the address for repayment is still active and good for receiving the funds. Anyways, thanks again.

I believe you but I haven't BTC  ;D

 :)

*chuckles*  Thanks man.  No worries. 

I agree to the terms.

Payment sent, TxID: 118f16109a95bd1ca22b84f7f31d9e0b5f859eaf8185dd42448dfb383788a7e8

Address for repayment: 14m6wN3YMdRwbT8YmEiUEdPGzbYeqD9xEP

Yes please to the updates.

Thanks, will confirm payment once home.  Currently away, but will post back in a few hours once I return.

Funds have been confirmed on this end.  You can expect the first update regarding funds on this Sunday.
Thank you again.