Who knows why they might need a loan? I don't, but I don't care, just as long as collateral is provided. And just scanning some recent threads, I have seen quite a few people willing to pay way more than 10%:

https://bitcointalk.org/index.php?topic=581492.0 <--65%
https://bitcointalk.org/index.php?topic=580826.0 <--12%+
https://bitcointalk.org/index.php?topic=565476.0 <--25%
https://bitcointalk.org/index.php?topic=577908.0 <--50%
https://bitcointalk.org/index.php?topic=575004.0 <--15%
https://bitcointalk.org/index.php?topic=575345.0 <--66%
https://bitcointalk.org/index.php?topic=571061.0 <--20%

It's a hedge against price fluctuations. Previously I charged 1%, but required 115% collateral. But as I noted previously, there seems to be a large number of people willing to pay several hundred percent, so 10% should be nothing to them.

A quick glance at the threads in this section shows quite a few borrowers willing to pay back 50-300%, so 10% isn't too unreasonable I think?

I decided to create a new thread instead of having to go through and edit the old topic. Lending has been switched back ON, but things are a bit different this time. The point where your BTC needs meet my lending goals meet is going to be a little fatter, to the tune of 10% (up from 1% previously). However, collateral requirements have been reduced to 100% (down from 115%) for the loan. Here's the breakdown.

I have up to 5 BTC to loan at 10% or less*!!!

No questions asked, and brand new users welcomed, even if you just registered today.

Terms

• You must supply collateral before receiving a loan
• Collateral must be in the form of LTC, XPM, PPC, NMC
• The amount of collateral will be the same (converted to BTC at that time) as you're borrowing
• All loans are for a period of one week, unless agreed upon otherwise
• All collateral transfers must be from an address that YOU control

*Interest scales with amount of loan:
5 BTC 2%
4 BTC 4%
3 BTC 6%
2 BTC 8%
1 BTC 10%

Example Request
Amount requested: 1.5 BTC
Purpose: I don't care (No questions asked, etc)
Term: 1 week (negotiable)
Interest: 8%
Trusted?: I don't care. You're supplying collateral.

FAQ:
Q: Why would I give 100% collateral when I can just sell my coins and get the same BTC?
A: Well, for one thing there's the exchange fees you'd have to swallow, which can be pretty sizable at the loan limit of 5 BTC. And keep in mind that you'd have to pay these exchange fees twice -- once to sell your coins, and yet again to reacquire them, and don't forget to factor in the withdrawal fees as well. Second, you're protected against price surges. For example, if LTC (or whatever you use as collateral) suddenly doubles or triples in value while your loan is active, and then you need to buy them back (remember, you sold your LTC for BTC right?), you're going to end up with significantly less LTC than you had before. This way you're completely protected against price surges since you'll get back ALL of your LTC after you pay your loan off

TBH, TF was pretty shady from the start. Not sure how he gained that much trust initially.

I can't spell this morning I'll fix it now, thanks...

I've been doing private party escrow as well as new altcoin IPO escrow for a while now, but it's all been through word-of-mouth up until now. I guess it's time to make it official, so here it is.

Private party escrow

• 1% escrow fee (includes Tx fee upon release)
• I am set up to hold BTC or LTC (other altcoins in the future)
• For jobs under or near typical Tx fee, I'll simply do it for free minus the Tx fee

Altcoin IPO escrow

• 3-5% depending upon complexity of the launch (includes Tx fee upon release)
• Tracking of individual deposits
• Verification of incoming deposits
• Handling of refunds within the specified refund period
• Storage in a separate coin control wallet

How to request escrow

• Send me a PM and see if I'm available to escrow (I usually am, unless I'm out doing IRL stuff)
• Be sure to include details such as who the buyer is, who the seller is, who will bear the 1% escrow fee, what is being traded, BTC exchange rate, etc.
• If I'm available, I'll usually get back to you within a few minutes

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That's what I had suspected. Thanks, DH.

Two ways to scam in a PayPal transaction: 1) Charge back. 2) Receive BTC first, then skip town (ostensibly getting the seller to send as gift, or opening/closing a dispute to make a reversal that much more difficult). Escrowing for a PayPal transaction only protects against the latter scenario, but 50% protection is better than nothing.

Venmo is easily reversible. I doubt you'll find anybody foolish enough to sell you BTC for that method of payment.

What ever happened with this one?

This deal won't take place...

Please use escrow if you deal with this guy.

Hoa lee xiet it's John MF'ing K! What's up brothaman?

Like the saying in motorsports goes, "In order to make a small fortune in Bitcoin, start with a large one."

OP hasn't been active for almost a year. Way to necro an old thread.

Done. Thanks man.

Maybe next time you shouldn't be a scamming low-life.

By lending to known scammers, you're basically "feeding the animals" and attract more of them here. You're not helping; you're doing a disservice to the community.

I'd steer clear of any new user or site offering to hold funds in escrow as this is a scheme used by scammers that lead to them holding large amounts of your money before they disappear.