Bitcoin Forum

Hello,

I am seeking a 300 BTC loan to finish programming on my website, as well as promote marketing on it. The loan shall be paid back on July 20th (my birthday) with a total return of 320 BTC. I will be providing the usual requirements, I'm completely confident on this, and if shit hits the fan, you will still receive your money under any circumstance. I've had rough times in the past, but they have all been resolved. The site should be released by the end of July or early August. If you'd like to know what it is about, I have no problem telling you if you are serious about loaning me the coins.

1D5Cd4nKVKLZ75M3aEjupjNfCpHPtR7D1V

Jake

Still a minor, but yes, I can provide government issued ID, and if required parental contact.

Even with parent contact information?

When will you stop with the lies, tricks, and scams?

Where the fuck in Canada do you live that an 18-year-old (https://bitcointalk.org/index.php?topic=33806.msg426007#msg426007) (turning 19 this July, I presume?) is considered a minor?!

Were have you been? Everybody knows I'm a minor, rofl. Even then, I still payed back my debts. So don't say I am full of lies, scams, and tricks until you have actually read all of your "research". Dick.

Loan funded. Expect 320BTC repayment no later than end of day July 20th, 2012.

Best of luck with your project.

Thank you Alex.

 :o

Surprised to see a 14/15 he old get a loan for $2,000  ;) :o

I will be paying it back on time of course. My age shouldn't change anything.

Eh... everything is gone now (I think) except for my domain registrant details.

So... you're not 18? Why should anyone lend to a liar?

I would say our cases are profoundly different. I sold an item and refused to offer a refund when the item turned out to stop working. Compare it to selling an item without warranty.
His case is a clear-cut scam, and the only reason he paid back is because he was stupid enough not to cover his tracks. His identity was found by theymos (not completely certain, something like this), and he felt compelled to pay everyone back to prevent his parents from getting involved.

To summarize: I paid people back because I was sincerely sorry for the situation (although it took me a while); he did because he was afraid of his parents.

Something like that, but I never promised not to pay back. The possibility of paying people back was always in the back of my head, so making such a promise just to break it later would be stupid.

Aww, looks like Jake bailed on answering questions... and I was just getting started!

Oh well.

...so....did the repayment happen?    ::)

Did this happen ?

good luck

I'm microwaving my popcorns over here.

I hope not for alexmat.

The term on the loan was extended one week, I should have posted here sooner. Jake has been communicating well and right now we are on track for a pay off date of July 27th. Will post an update next Friday.

He did.

So what happened?

The term on the loan was extended one week, I should have posted here sooner. Jake has been communicating well and right now we are on track for a pay off date of August 3rd. Will post an update next Friday.

Trololol?  ???

Loan update: Jake is not able to repay the loan in full at this time, however, we have setup a payment plan and he is working to pay it off over time. I will update the thread as payments come in to reduce the principal on the loan.

I predicted this one!

https://i.imgur.com/rlUq8.gif

not sure why you decided to go for a lump sum return on this one, I'd have gone for weekly paybacks, but I guess hindsight is 20/20.

lol, he shouldn't have borrowed in the middle of a huge rally.

still getting any?

He probably isn't a scammer, think about it, unless he is doing any other kind of transaction with that user in this forum, he would just stop replying to PMs.

Unless he hasn't done any payments, in that case he's probably a scammer.

Loan is now frozen at 326.4. I will not charge any further interest.

First repayment of 14.35 has come in. Remaining debt is now 326.4 - 14.35 = 312.05 BTC

Jake is communicating well and is determined to pay off his debt. I will continue to update as the debt is paid off.

I am not here to scam, last thing I need is Alex coming by my house with the ol' baseball bat. If I was here to scam, I would ignore his PM's and cut off communication - which I haven't.

Well that is unfortunate and unpredictable.

Borrowing bitcoins for fiat projects has this risk, and it is large while bitcoin is undervalued, which I believe it is.  I think both borrowers and lenders are vastly underestimating it; recalibration seems to be taking a while.

That's a nice thing for you to do, maybe I'm an usurer :P

There's wanting profit and then there's ruining a person unnecessarily.   

I guess my question would be: Why did you want to borrow cash at an effective rate of 258,000% APR?

Received 4.36BTC.

New balance: 307.69 BTC

Probably because it was the cheapest capital he had access to.

Anyone ever got their head pounded over a BTC loan yet?

No I cannot right now, I am working with a very large company, and they love it. So once it is ready, and I have permission to discuss the project, then I can.

I don't believe so, but you'd think Shakaru would be first in line, not Jake ;)

Oh no, I didn't mean Jake..... was just an open question :)

Received 7.44506523 toward loan repayment.

307.69-7.44506523=300.24493477BTC remaining.

Gotta say I'm impressed that Jake is at least making a good-faith effort to pay this back.

By the time this gets paid BTC will be worth $120 a pop :D

It's nice that he's paying back, although I wouldn't consider it a positive transaction.

I have a very exciting and profitable future in front of me, and I would never ruin that, not a chance.

Good to hear man...

11.58BTC repaid.

Total principal remaining: 288.66BTC

So Jake, what's the explanation for your tardiness?

You've barely repaid 10% of what you borrowed, and you're now over 6 weeks late from when you promised to return 100%.

You're not, perchance, waiting on a Pirate payout are you?

You cannot right now, you are a teenager and you're working with a very large company, and they love it?

Anyone got any popcorn left?

$100 received, converted to bitcoin 100/(11.95*1.005) -> 8.32656799BTC

Total principal remaining: 280.33343201BTC

So... anyone know what was the BTC price on 17th June and 20th July?

I'm trying to figure out how much worse he made his situation simply by paying so tardy.

$300 received, converted to bitcoin 300/(12.05*1.005) -> 24.77240354BTC

Total principal remaining: 255.56102847BTC

Hmm, at least it's moving.  We might be done by June.

My sentiment exactly. The last $400 got reversed by paypal for fraud as well. Too bad goat is not around to tell me how much he told me so.

Ouch.

Why you always make Low quality posts?

If the price is at 40 when it's time to pay back, will you still pay back 320 btc ?

When are you going to make a loan request, scammer?

ring up mummy and daddy ?
isnt the guy like 14 ?

He already did. Didn't turn out well.

You used Paypal to receive money for bitcoins ? Oh dear....

Every one of your posts has been low quality - one line posts that contribute nothing to the discussion.

Then came the loan request.   :-\

Jeez, sorry to see this happen. But really, who in their right mind would ever loan 300 BTC to a guy with 250 posts?

Just FYI - this tact is not going to help you scam anyone.