Ok, just so everyone is on the same page. What happens with collateral in your case? Will you leave it in a designated address untouched. Or, will you use it for your own trading/etc activities? Fine either way, but good to know what the situation would be. It'll just sit in a wallet until the loan is paid back. I've been mining LTC since I could do 4 or 5 hundred a day with CPUs, so I have a nice chunk of my own now. There really isn't any need for me to gamble with a couple thousand of somebody else's LTC. The address will be made public so anybody can inspect to see that their coins are still there at any time. |
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Yes, and the collateral should also be secure. No mention of what would be done with the litecoins. Will he simply hold them, or will he play investment games with them. Whose to say the borrowers would ever see their collateral again should something like the gox rumors make the price sky rocket. That's a risk people take when entrusting their coins with anybody, whether that be me, Theymos, John K, or Joeyjmr8484. |
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Please edit the link out so people don't click it.
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Sorry you got burned, man  |
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I don't really think posts like these are useful. The loan seems legitemate enough, we'll see how it ends. 6 posts and asking for an additional loan before the first one is paid back. That's a classic double dip. There was nothing legitimate about it. |
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I can fill this loan for 184 LTC collateral. PM me if interested.
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I can supply this loan if you provide 9950 LTC collateral. PM me if interested.
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I can fill this loan for 367 LTC collateral. PM me if interested.
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It's called the Lending section, and I'm lending. WTF are you doing?  |
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Can't believe there are still idiots on BTCJam lending coins LOL
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Ok this might be a dumb question, but how do we get the plastic cases open?
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everyone wants to do LTC as collateral since my 5btc loan lol Yeah man, you set the high-water mark. So if anybody complains about the terms, you're to blame  |
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Yeah I'm going to have to call my bank and pass the details to the FRAUD dept
I just didn't want the Bank to know i'm involved with BitCoin with the rate of "supposed" Bank account closures int he UK How do you know what your money was used for? Somebody else gained access to your account and transferred it. |
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Can't you just claw back your bank transfer? That's what all the scammers seem to be doing now.
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I can do this for 45 LTC collateral. PM me if interested.
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I can do this for 14 LTC collateral.
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You are receiving interest free loans. It is equivalent to:
You provide me with 10 BTC collateral, and I loan you 12 BTC worth of LTC for a week.
It sure is a strong deterrent from running off with my coins though, isn't it? |
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And in the case of no default, you've received an interest free loan of 2 BTC for a week, you can't really lose.
It certainly isn't dumb from your side of the deal. I'm giving out interest-free loans, so it's only fair, no? |
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(Scratches head)
So I send you 12 BTC worth of coins, and in return you send me 10 BTC worth of coins, and a week later we swap back?
See, to me that isn't you lending me 10 BTC, it is me lending you 2 BTC. (And paying all fees, and having no security.)
Is anyone dumb enough to take you up on it?
What's so dumb about it? In the event of a default, I have 120% of the value I loaned out. If you're long on LTC and don't intend on selling any time soon, but you need an extra 10 BTC infusion, this is a perfect opportunity. These loans are not for those who have nothing to begin with, nor are they for those who have no intention of paying back. Though I certainly welcome the latter |
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How much XPM do you have for collateral?
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