|
You ca cancel the pending investments and withdraw the Bitcoin. I can lend you $500 worth of Bitcoin if you put 1.9 in escrow
|
|
|
|
|
Okay. Put 1.15 btc in escrow and I will lend you 300$ worth of Bitcoin then you can sell it on btc-e and withdraw to PayPal (check their fees to make sure $300 is enough, if not then I can lend more). In the event that the value of the Bitcoin in escrow falls below $305 you can either put more Bitcoin in escrow or the money in escrow will be released to me to cover the loan.
|
|
|
|
|
I don't think that would be very efficient coin management. Any gambling site (or exchange) is going to want to keep a certain level of coins in their hot wallet to cover withdrawal requests.
If you are setting it to pay 3x the "standard" tx fee then you are trying to get your transactions faster then other brain wallet miners. No exchange or gambling site is going to pay this much for txs. It would hurt their margins too much
|
|
|
|
You can't predict a trusted member's breaking point. Let's not lie, most people would break if they had $1 million trusted to them and could scam anonymously. Some would at $500,000. Some would at $100,000. And some do at $1,000. All you can do is not trust someone with more than you'd be comfortable to lose. Obviously more trust makes the breaking point higher, and there are a few people who will never break, but a lot of people will unfortunately.
I think Douglas had 50 million dollars worth of Bitcoin in just dice cold storage at one point. You are right though. Most people have a point where they will not be honest when trusted with a certain amount of money. This point is usually lower when their identity would not be associated with the theft however the irreversible nature of Bitcoin makes it so any stolen money cannot be recovered even if the person is caught |
|
|
|
|
So you are mining brain wallets to steal money when people deposit funds to them?
|
|
|
|
|
I offered to do exactly what I proposed days ago
|
|
|
|
|
I thought the point of you wanting to borrow fiat was that you didn't want to sell your Bitcoin.
The only difference between what was suggested and your original request is that reversable payment methods are not being used.
|
|
|
|
|
I honestly have no idea how long withdrawals take.
With a fiat loan you borrow a dollar amount worth of Bitcoin. So for example if you borrow $300 worth of Bitcoin when the price is at $300 you would get 1 btc. Then for example when you repay the loan the price of Bitcoin is $200 you would then owe the lender 1.5 btc, conversely if the price of Bitcoin were to rise to $400 you would owe the lender .75 btc (both examples assume 0% interest)
|
|
|
|
|
Well I guess it is a free market
|
|
|
|
|
I think 2 btc is a little bit much to be borrowing without collateral
|
|
|
|
|
Why don't you borrow fiat via btc, sell the borrowed btc via btc-e withdraw to PayPal then send money back to btc-e (or otherwise purchase btc) buy the amount of btc that you borrowed (in terms of dollars) and repay the lender
|
|
|
|
Hey, have senior accounts avatar?  Yes. Sending PM |
|
|
|
Unless he has the ability to get the miners to confirm a transaction that spends the same input then he can consider the bitcoin in your wallet/address |
|
|
|
|
It would probably be a semi-good idea to wait until whoever is handling escrow confirms that they have taken control of the collateral (in this case the OP's account) prior to funding the loan, otherwise you are making an unsecured loan
|
|
|
|
Why would anyone want to borrow bitcoin and then repay in an altcoin?
haha Denied  , This is my rules and you will not loose anything ^_^ I was not asking for a loan. If someone borrows in terms of bitcoin and has to repay in term of litecoin then they are risking that the exchange rate moves against them between the time they convert the btc to ltc and would need to bear the cost of exchanging the two currencies. |
|
|
|
No worries. EDIT: That'd be nice of you Dogedigital! Sorry then Quickseller. Sending in a minute.
edit; Quickseller beats me to the races again!
edit2; No Interest needed on my part if you need it from me.
Quoted, post with the TXID when you've sent. |
|
|
|
Edited in interest, just realized as I clicked away haha. Confirmed @Quickseller, though you may want to wait a bit as Dogedigital may not have seen this.
It looks like he edited his post to confirm that I beat him to the punch. Can you please confirm the repayment amount will be .035 plus a .01 tip a week thereafter? |
|
|
|
|
I can do this, please confirm
EDIT: interest?
|
|
|
|
You also posted 13WMB6AgqVatPAoti6eP5NnqRz5tQ9zKCj on this post. If you wouldn't be able to sign a message from the above address, nor the above address then I will have to pass (you can get around 2fa if you have a backup of your wallet - I believe) |
|
|
|
|
Show Posts
