REASON FOR THIS SELF-MODERATED THREADThis new lending thread has been created to prevent spammers from destroying the thread with nonsense like what
Scam Investigator did on my previous thread. Blurting out baseless accusation just because I posted on a thread he made on his alt account BipolarBob2017, which he intended to use to trick people into believing he is the real BPB. He is actually obsessed with proving BPB as a scammer that he creates his own accounts just to destroy BPB's name. Now because of the incident, I am creating this self-moderated thread.
About the concerns of people about this self-moderated thread, rest assured that this will only be intended for the purpose of keeping spammers out of the thread.
Link to previous loan thread ->
https://bitcointalk.org/index.php?topic=1651708.
Self-moderation log
OLD THREAD DESIGN | DISREGARDNews: Not anymore accepting bitcointalk accounts!
News: Closed till after August 1 and after revamp.
STAKED ADDRESS: 1SHArkGXkgvz4id6ih7bSuDqTM4gFHV6i
Email:
btcloneshark@gmail.comTelegram:
@iloneshark
Useful Links:
TL;DRInterest: Dynamic. Please see chart (minimum 0.002BTC)
Collateral: Strictly required. (Bct account, altcoins, digital goods)
Escrow: Yes, borrower shoulders fee. (Only trusted members and upon my approval)
Loanable amount: Depends on your collateral and my approval.
Signed message: Required. >3 months old.
Miner's Fee:: 0.0003BTC shall be deducted to the loan amount.
Application form: Here
Warning: Applicants not using correct form and/or following instructions will be denied.
Overview of the Service
I. Interest Rates
This service shall charge a
1% interest rate compounded per day. However, the
basic/minimum charge shall be seven (7) days worth of interest or 0.002BTC whichever is higher. All interest fees shall be rounded to the nearest 0.0001.
II. Terms and Conditions
1. No Collateral, No loan.
2. Non-repayment on promised date shall be deemed late. Late fee is computed as 2% of Repayment Amount or 0.0001
BTC, whichever is higher, per day of being late. (Compounding still applies)
3. Extensions are upon approval, and I reserve the right to deny any extension and put necessary interest fees.
4. Three (3) Days late would result to the collateral being forfeited for the Lender.
5. At no time shall a Borrower have more than one loan with me or any other lender.
6. Escrow is accepted, the Borrower pays for the fees.
7. The Lender will not be liable for any loss incurred by any party through this agreement. How you will use the amount loaned shall be your own liability.
8. I do not care about the reason for the loan or your sob story.
Pay me what you owe me when the time comes. Do not tell me you lost everything on gambling or you did not get the returns you were expecting.
III. Valid Collateral
Collateral can be anything digital that I can secure. Generally, you should first think what can I offer as collateral other than your BCT account. If none, then offer your BCT account. I only accept accounts that are SR. MEMBER, HERO and LEGENDARY nowadays. I can accept Full Member and below if it has good trust rating.
V. End of Contract
In the event the Borrower
pays the the debt, the collateral shall be returned.
In the event, the Borrower
does not repay on the due date, and no extension has been given, he shall be given three days to comply. If he does not, the Lender will open a scam report, broadcast non-payment, and publish a negative trust regarding the matter. Further, the collateral shall be forfeited for the Lender. If the collateral can be sold at a higher price than the loan amount, the excess shall be for the benefit of the Lender, and no amount of said excess shall be returned to Borrower.
VI. Application form
By submitting this form to this thread, you agree to the terms and conditions above stated. Please include a
https://www.bctalkaccountpricer.info/ link of your account, regardless if you're using your account as collateral or not.
Username:
Loan Amount:
Bitcoin Address:
Number of days:
Collateral offered:
bctalkaccountpricer.info link:
Changelog:
Mar. 15, 2017: Created new thread, self-moderated, simplified thread design, some other fixes.
Mar. 17, 2017: Relaunched and opened lending service.
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