Bitcoin Forum

Economy => Lending => Topic started by: dank on March 26, 2012, 12:28:07 AM



Title: 420 BTC loan - 15% interest
Post by: dank on March 26, 2012, 12:28:07 AM
Hello fellow lenders!  I'm glad to have been given the chance to build my rep on this forum with you guys and I will be looking forward to doing business with all of you.  We can do great things together.

This next loan will be slightly larger, as will the next.  It may behoove you to take this opportunity to invest and raise capital for future loans.  If you can keep up with my increasing loan demands, you can consistently reap in the rewards.  The smallest investments I will take at this time are 10+ BTC loans.  However, I am really trying to steer away from having too many lenders, so I will offer 10% interest to loans between 10 BTC and 42 BTC.  42.0 BTC+ investments will withhold 15% interest.  This loan will last between 4-6 weeks, all funds will be repaid by May 12, 2012.

I will keep a list of lenders to keep it more organized.
-
BTC remaining: 420


Title: Re: 420 BTC loan - 15% interest
Post by: vuce on March 26, 2012, 10:39:17 AM
What do you need this loan for?


Title: Re: 420 BTC loan - 15% interest
Post by: imsaguy on March 26, 2012, 02:49:50 PM
Just because you repaid a smaller loan, doesn't mean you will repay a larger loan.  Readily admitting you're going to ask for larger and larger loans sends up a huge red flag.


Title: Re: 420 BTC loan - 15% interest
Post by: BurtW on March 26, 2012, 03:03:54 PM
What do you need the loan for?  How will you get the BTC to pay back the lender(s).  What do you have for collateral?  What is your business plan?


Title: Re: 420 BTC loan - 15% interest
Post by: Fiyasko on March 26, 2012, 03:18:19 PM
Just because you repaid a smaller loan, doesn't mean you will repay a larger loan.  Readily admitting you're going to ask for larger and larger loans sends up a huge red flag.
This.


Title: Re: 420 BTC loan - 15% interest
Post by: finway on March 26, 2012, 04:19:42 PM
dank
bank
lol


Title: Re: 420 BTC loan - 15% interest
Post by: Tomatocage on March 26, 2012, 04:22:49 PM
Just because you repaid a smaller loan, doesn't mean you will repay a larger loan.  Readily admitting you're going to ask for larger and larger loans sends up a huge red flag.
This.

Oh damn, 1 more post til you're 1337!


Title: Re: 420 BTC loan - 15% interest
Post by: jamesg on March 26, 2012, 05:36:57 PM
What do you need the loan for?  How will you get the BTC to pay back the lender(s).  What do you have for collateral?  What is your business plan?

+1


Title: Re: 420 BTC loan - 15% interest
Post by: dank on March 26, 2012, 09:33:10 PM
What do you need the loan for?  How will you get the BTC to pay back the lender(s).  What do you have for collateral?  What is your business plan?
To save the world.  The same way I did before.  No collateral other than my soul.  TMI to post here.


Just because you repaid a smaller loan, doesn't mean you will repay a larger loan.  Readily admitting you're going to ask for larger and larger loans sends up a huge red flag.
I am readily admitting it because I plan on becoming a billionaire, which involves larger amounts of money.  Why would I not scam someone for $400, then scam someone for $2000 when I could be making thousands, millions or billions more?


Title: Re: 420 BTC loan - 15% interest
Post by: terrytibbs on March 26, 2012, 10:54:43 PM
You just lost that tiny bit of credibility you had left in my eyes with that post. Good riddance!


Title: Re: 420 BTC loan - 15% interest
Post by: imsaguy on March 26, 2012, 11:09:42 PM
You just lost that tiny bit of credibility you had left in my eyes with that post. Good riddance!

+1

BTW:  Congrats on the new title terrytibbs


Title: Re: 420 BTC loan - 15% interest
Post by: dank on March 27, 2012, 12:45:52 AM
Whatever, somebody out there wants to make money with me.  People like you are nothing new, every great person is misunderstood.


Title: Re: 420 BTC loan - 15% interest
Post by: Eveofwar on March 27, 2012, 12:53:18 AM
Whatever, somebody out there wants to make money with me.  People like you are nothing new, every great person is misunderstood.

"Don't worry about people stealing your ideas. If your ideas are any good, you'll have to ram them down people's throats." - Howard Aiken


Title: Re: 420 BTC loan - 15% interest
Post by: jamesg on March 27, 2012, 01:04:46 AM
hmm

Witnessed and confirmed.

Double hmm if you will.


Title: Re: 420 BTC loan - 15% interest
Post by: imsaguy on March 27, 2012, 01:05:21 AM
hmm

Witnessed and confirmed.

Double hmm if you will.

Would that be considered a hummer?


Title: Re: 420 BTC loan - 15% interest
Post by: senbonzakura on March 27, 2012, 01:07:23 AM
i am actually subscribing to the thread, not implying he is scammer

I would have invested, just dont have BTC  ;)


Title: Re: 420 BTC loan - 15% interest
Post by: dank on March 27, 2012, 01:13:34 AM
Whatever, somebody out there wants to make money with me.  People like you are nothing new, every great person is misunderstood.

"Don't worry about people stealing your ideas. If your ideas are any good, you'll have to ram them down people's throats." - Howard Aiken
Sometimes people don't like certain peoples' ideas.  And sometimes it's not their business to know peoples' ideas.


Title: Re: 420 BTC loan - 15% interest
Post by: dank on April 06, 2012, 11:01:11 PM
My previous loans have been paid back, around 100 BTC.  I am now welcoming investors for this short terms loan, feel free to pm me or post here if you have a question.


Title: Re: 420 BTC loan - 15% interest
Post by: Fiyasko on April 07, 2012, 05:26:55 AM
What do you need the loan for?  How will you get the BTC to pay back the lender(s).  What do you have for collateral?  What is your business plan?

+1
bumping this question


Title: Re: 420 BTC loan - 15% interest
Post by: dank on April 07, 2012, 03:30:33 PM
I guess I can reiterate my point that it's irrelevant what this loan will be spent on, as you have no way of knowing what I say is the truth or not.  The end result will be the same, you will either get paid back or not, and I only I can make sure it's not the later.  I am simply trying to raise capital for future projects of a greater scale.  I'm not doing anything fancy with your investment, it will be spent on commodities in which I will make your money back with ease, consistently.  I really can't offer hard collateral, but I have the capital in case something were to somehow happen.  Even if something does happen, I handle my money in a way that it's not devastating to my plan.  I make room for errors so any faults do not impact you.  Even if I get fucked over, I'll do what I have to do to repay every bitcoin I was lent and more.

Thank you, by the way, to all of those on here that have helped me reach where I am now.


Title: Re: 420 BTC loan - 15% interest
Post by: 556j on April 07, 2012, 04:07:52 PM
If you just say you plan to buy drugs on SR and resell them it'd be better than hinting at it since we all know anyway. At least investors would know there's a good business plan and huge profits if you were smart. Doesn't mean it's illegal either lots of drugs are legal lots of places.


Title: Re: 420 BTC loan - 15% interest
Post by: silverbox on April 07, 2012, 04:11:41 PM
If you just say you plan to buy drugs on SR and resell them it'd be better than hinting at it since we all know anyway. At least investors would know there's a good business plan and huge profits if you were smart. Doesn't mean it's illegal either lots of drugs are legal lots of places.

Why does he need to say.. Its obvious..  420 btc..  from "dank"... 


Title: Re: 420 BTC loan - 15% interest
Post by: dank on April 07, 2012, 04:16:55 PM
If you just say you plan to buy drugs on SR and resell them it'd be better than hinting at it since we all know anyway. At least investors would know there's a good business plan and huge profits if you were smart. Doesn't mean it's illegal either lots of drugs are legal lots of places.
That's not quite the plan but pretty close.  I plan on dealing with legal commodities anyways.  However, there is much more to my plan that may come to fruition when the initial capital is raised.  This is where the real money will be made.


Title: Re: 420 BTC loan - 15% interest
Post by: Justin00 on April 10, 2012, 11:34:51 AM
if your willing to pay 15% why don't you go to the bank ? Probably save a fair bit to...


Title: Re: 420 BTC loan - 15% interest
Post by: dank on April 10, 2012, 09:32:32 PM
if your willing to pay 15% why don't you go to the bank ? Probably save a fair bit to...
Fuck banks.


Title: Re: 420 BTC loan - 15% interest
Post by: notme on April 10, 2012, 09:59:39 PM
Your interest rates are not good enough for me, sorry.  If you will consider higher rates, and a payment plan beginning 2 weeks after the start of the loan, pm me.  Also, let me know what currency your customers will be paying in, as well as whether your pricing will be in BTC or fiat.  These details will help me determine whether to calculate exchange rate risks into my risk premium.  If you have GPG and are willing to share more about your business model, I will likely be able to give you a better rate.  Let me know and I'll give you a key you can encrypt a message to.


Title: Re: 420 BTC loan - 15% interest
Post by: dank on April 10, 2012, 11:40:24 PM
Your interest rates are not good enough for me, sorry.  If you will consider higher rates, and a payment plan beginning 2 weeks after the start of the loan, pm me.  Also, let me know what currency your customers will be paying in, as well as whether your pricing will be in BTC or fiat.  These details will help me determine whether to calculate exchange rate risks into my risk premium.  If you have GPG and are willing to share more about your business model, I will likely be able to give you a better rate.  Let me know and I'll give you a key you can encrypt a message to.
I feel that 15% is pretty exceptional for the duration of this loan.  If you would be able to loan all of it for perhaps a bit longer, like 2 months, I would be interested in paying a higher interest rate.  I've always fixed to BTC but if you want to fix the loan to USD, that's fine too.  I'll shoot you a pm though.


Title: Re: 420 BTC loan - 15% interest
Post by: notme on April 10, 2012, 11:44:34 PM
Your interest rates are not good enough for me, sorry.  If you will consider higher rates, and a payment plan beginning 2 weeks after the start of the loan, pm me.  Also, let me know what currency your customers will be paying in, as well as whether your pricing will be in BTC or fiat.  These details will help me determine whether to calculate exchange rate risks into my risk premium.  If you have GPG and are willing to share more about your business model, I will likely be able to give you a better rate.  Let me know and I'll give you a key you can encrypt a message to.
I feel that 15% is pretty exceptional for the duration of this loan.  If you would be able to loan all of it for perhaps a bit longer, like 2 months, I would be interested in paying a higher interest rate.  I've always fixed to BTC but if you want to fix the loan to USD, that's fine too.  I'll shoot you a pm though.

I want it fixed to BTC, but I'm wondering how you will be paid.  If you're selling something priced in USD, and Bitcoin gaps up, you might be unable to pay.