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Sorry for the delay on updates I have been busy lately. I am talking to patrick now. I looked at every amount and tranactions and everything is good now. I will send patrick the list once he is ready.
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i didnt pay anyone but someone that was owed around $12 please dont junp to conclusions and please pm if you have any questions
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I think everyone including BCB is willing to see if TheBitMan can secure a loan. I would also point out TheBitMan didn't begin looking for a loan until talk of a lawsuit started. My guess is that TheBitMan's parents could easily pay this debt even if it required using a credit card cash advance but like TheBitMan doesn't want them to learn about his PayPal adventures. A lawsuit would certainly make his parents aware. If TheBitMan secures a loan and everyone is repaid then there is no need for a lawsuit to go forward. If he can't secure a loan and is unwilling to get his parents to advance the funds he owes well a small claims filing can't hurt.
+ [/quote]I was sending people messages before I posted the thread but no one was willing to do it. |
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Where would users go to decode the hash?
They can't. Users can CREATE the hash the same way you did. Take their address and hash it and look for the hash in the list you provided. idk if theres something im not getting but if i refresh the page and enter the same address I get a different hash.. |
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Where would users go to decode the hash?
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cant anybody undo the hash though? No hashes are one way functions. If you could reverse a SHA-256 hash well Bitcoin would insta-fail (and a lot of bad things would happen). The irreversibility of a hash is a cornerstone of cryptography. The person who knows the "secret" (in this case their repayment address) can verify it (by hashing their secret and comparing it to the hash provided) but someone who doesn't know the "secret" has no ability to reverse it. Oh, got it. I've never used these. |
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I would say that one condition be that the loan is paid direct to the people owed rather than sent to TheBitMan to distribute. Might be a little extra work, but would prevent a (low chance, but still possible) double con.
I agree. I would even be willing to pay the lender a fee (say 0.5%) to handle it this way. One thing that is needed is a public (hashed for privacy) manifest of who is owed what. Would suck to have funds disbursed only to find out there are mistakes with some creditors not paid and others paid the wrong amount. TheBitMan should take the amount owed each person plus a SHA-256 hash of their bitcoin repayment address and post it in a list right in the thread. He can give the unhashed version of the list to the lender(s) and they can issue payments with confidence. Example: d2f2d75a6eb129cc4aee6569896b4af4cd7290136193b9ff2a9827a0bcdd14d6 $100.00
570a84882d820f74ac9bbec98e3a1966147052282de9f66083506f5f81463789 $380.00
...
dd55c20d713dc09dca922375764982317583b68cfface3c21d10b86b13d4b34f $60.00
This allows each creditor and easy way to verify the amount they are owed and the repayment address is accurate before any funds are moved. Each creditor knows the repayment address they gave to TheBitMan and thus can verify the hash while still keeping the data private. Private in public just like Bitcoin. Less chance of a screw up that way. TheBitMan this is something you can do now. While you asked all the creditors to submit info we haven't received anything back indicating the info submitted is correct. If you need a simple SHA-256 calculator here is one: http://www.xorbin.com/tools/sha256-hash-calculatorcant anybody undo the hash though? |
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I would say that one condition be that the loan is paid direct to the people owed rather than sent to TheBitMan to distribute. Might be a little extra work, but would prevent a (low chance, but still possible) double con.
I agree. I would even be willing to pay the lender a fee (say 0.5%) to handle it this way. One thing that is needed is a public (hashed for privacy) manifest of who is owed what. Would suck to have funds disbursed only to find out there are mistakes with some creditors not paid and others paid the wrong amount. TheBitMan should take the amount owed each person plus a SHA-256 hash of their bitcoin repayment address and post it in a list. Example: d2f2d75a6eb129cc4aee6569896b4af4cd7290136193b9ff2a9827a0bcdd14d6 $100.00
570a84882d820f74ac9bbec98e3a1966147052282de9f66083506f5f81463789 $380.00
...
dd55c20d713dc09dca922375764982317583b68cfface3c21d10b86b13d4b34f $60.00
Each creditor can verify the amount and repayment address are correct by hashing the Bitcoin address they provided. Anonymity is protected and there is a public record before disbursement. Less chance of a screw up that way. TheBitMit this is something you can do now. If you need a simple SHA-256 calculator here is one: http://www.xorbin.com/tools/sha256-hash-calculatorwill do now |
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I would say that one condition be that the loan is paid direct to the people owed rather than sent to TheBitMan to distribute. Might be a little extra work, but would prevent a (low chance, but still possible) double con.
That's what will happen. |
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TheBitMan
If you legitimately have the amount due to your creditors "frozen" in your paypal account there is no reason why you would not take this offer. Unless of course you have already spent the bulk of the funds (on clothes) and don't have frozen funds in nearly the amount you owe.
If that is that case then you still need to consider this or another loan. If you have/get a job there is no reason you could not payback the amounts you owe in the 5 months time.
Regardless, the people you owe did not extend a loan to you. Now that you have a respected member of the community considering a loan to you I'm sure we all would strongly suggest you do what is necessary to acquire those funds and start paying people back as soon as possible.
I'm all for the loan I am currently talking it out with Patrick |
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Just FYI:
Paypal has sent my paypal account to there collections department and I'm now getting phone calls every day.
This was a business account so its not going to ruin my credit if it goes into default/collections while I wait for judgement.
Just a warning to anyone else with an paypal that is negative.
I've already closed the bank account & credit cards linked to paypal account.
its not frozen is it? |
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Its a confusing story
to be forthright, you probably should disclose your age. it is relevant in this instance. 17, as another member told me the funds can go straight to the people I owe it doesn't ever have to get in my own wallet. |
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Let's assume an interest rate of 0%. If the market rate of a bitcoin doubles between now and the date of repayment, you will only have to return half of what you originally borrowed.
As such, taking this on only makes sense for someone who expects the price to go down, unless I'm missing something.
I would owe them the USD amount I was lent. |
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This is for people who'd like to short BTC, right?
Sorry I dont understand.. |
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I am looking for a large long term loan. I need the money to pay people back that want there money back fast. I do not currently have the money to pay them back. I need a loan worth $3,400 in BTC. I will pay whoever gives me the loan back in 5 months. I need to pay them back do to a paypal problem and I wont be able to take out the fubds for 5 more months but once they let me take the funds out I will pay the loaner back the loan plus any fees you want. Its a confusing story and you can get all the info on it here https://bitcointalk.org/index.php?topic=83679.0 |
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i am trying to get a loan now to pay you all back
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Can you list the total individual payments to each person, with out ID, please.
i dont know if everyone would accept to that and i dont want to upset anyone anymore than they are.. |
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What is the total amount?
around $3,100 |
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I will try to do what I can, I will pay back people by how much they are owed. High to low. So people with small amounts like $20 or $50 can wait for people with hundreds..
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since paypal froze my account i cant take the money out for 180 days. I will see what I can do with my own money to pay people back although i don't have very much at all.
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