Winterfrost (OP)
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June 21, 2013, 03:25:13 PM Last edit: July 09, 2013, 04:19:31 AM by Winterfrost |
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I'm making a local transaction later today and a deposit may not clear until next Monday. I need around 0.5 BTC to make up the difference. I technically have the funds in cold storage, but they're a bit of a hassle to get to and I may not have time this morning.
I was hoping to get a quick loan - I'll be able to pay back in a day or two max, quite possibly even earlier. I can provide a screenshot of one of my Armory wallets via PM. Interest terms are negotiable, but I feel like 4-5% would be apropos.
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nimda
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June 21, 2013, 03:27:25 PM |
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Any reputation or internet-based collateral?
Edit: well, you've been around as long as I have, and don't seem to be a purchased account. Still, it's 50 bucks.
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Winterfrost (OP)
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June 21, 2013, 03:40:17 PM |
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Any reputation or internet-based collateral?
Edit: well, you've been around as long as I have, and don't seem to be a purchased account. Still, it's 50 bucks.
Totally understandable. Always be cautious regardless of the reputation involved.
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nimda
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June 21, 2013, 06:36:07 PM |
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Note: we negotiated the loan over PM. Turns out he needed less than 0.5 BTC, and had enough btct shares to use as collateral. Summary: Sent 0.15 BTC. Payback 0.16 BTC. Max length 7 days. Expected duration 1 day. Shares must be returned no more than 48 hours after receipt of payback, expected duration less. We have GPG signed contracts, but they contain private information and only need to be posted if one of us doesn't fulfill the terms. Cheers ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Fear
aka elbashadodo
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June 21, 2013, 06:44:27 PM |
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Good job guys ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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nimda
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June 21, 2013, 06:48:20 PM |
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Good job guys ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I will do thousands of dollars in loans when given collateral. For me to take a loss here, winter would have to default and the shares would have to almost halve in price.
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Damnsammit
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June 21, 2013, 06:52:44 PM |
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I will do thousands of dollars in loans when given collateral. For me to take a loss here, winter would have to default and the shares would have to almost halve in price.
Out of curiousity how do you transfer these shares? I'm new to the bitcoin share business, so I am just wondering. I just see all these request for shares as collateral and I keep thinking of NYSE stocks because that is what I am familiar with and invested in. It'd take an act of God to move my shares from Scottrade to someone else's account ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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nimda
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June 21, 2013, 06:58:50 PM |
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I will do thousands of dollars in loans when given collateral. For me to take a loss here, winter would have to default and the shares would have to almost halve in price.
Out of curiousity how do you transfer these shares? I'm new to the bitcoin share business, so I am just wondering. I just see all these request for shares as collateral and I keep thinking of NYSE stocks because that is what I am familiar with and invested in. It'd take an act of God to move my shares from Scottrade to someone else's account ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Welcome to the wild west ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) On btct (which I have never used before--I made an account just to accept the shares), you can just go to My Assets. There's a box for "Internal Asset Transfer (Fee: 0%)"
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Winterfrost (OP)
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June 21, 2013, 07:00:49 PM |
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Note: we negotiated the loan over PM. Turns out he needed less than 0.5 BTC, and had enough btct shares to use as collateral. Summary: Sent 0.15 BTC. Payback 0.16 BTC. Max length 7 days. Expected duration 1 day. Shares must be returned no more than 48 hours after receipt of payback, expected duration less. We have GPG signed contracts, but they contain private information and only need to be posted if one of us doesn't fulfill the terms. Cheers ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) This is correct. Thanks again, nimda!
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Damnsammit
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June 21, 2013, 07:02:12 PM |
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Welcome to the wild west ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) On btct (which I have never used before--I made an account just to accept the shares), you can just go to My Assets. There's a box for "Internal Asset Transfer (Fee: 0%)" Interesting. I will have to go check out btct... it would be interesting to own shares of a btc mining company.
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nimda
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June 22, 2013, 04:55:26 PM Last edit: June 23, 2013, 02:14:41 AM by nimda |
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This is complete. No problems.
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Winterfrost (OP)
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June 23, 2013, 02:14:52 AM |
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This is complete. No problems.
Confirmed; all the terms have been fulfilled.
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🏰 TradeFortress 🏰
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June 23, 2013, 04:57:19 AM |
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Good job guys ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I will do thousands of dollars in loans when given collateral. For me to take a loss here, winter would have to default and the shares would have to almost halve in price. We do hundreds of thousands of dollars in loans when given collateral ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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nimda
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June 23, 2013, 05:06:45 AM |
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Good job guys ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I will do thousands of dollars in loans when given collateral. For me to take a loss here, winter would have to default and the shares would have to almost halve in price. We do hundreds of thousands of dollars in loans when given collateral ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Seems to give you more of an incentive to run, as well, huh?
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