Looking forward to borrow 0.2 BTC - 3 Spare VPSs as a collateral

[Laboboy31]

I'm looking for a 0.2 BTC loan and will have 3 of my spare VPSs as a collateral. Those VPSs are from HPCloud. You can choose what OS you want but no bitcoin/litecoin mining.

Here is the specifications of the VPS:
VCPUs   2
Root Disk   30 GB
Ephemeral Disk   50 GB
Total Disk   80 GB
RAM   4,096 MB

I'm looking to return the loan in 3 days. I will use the money primarily for doing some exchanges.

[SlidingHorn]

I'm looking for a 0.2 BTC loan and will have 3 of my spare VPSs as a collateral. Those VPSs are from HPCloud. You can choose what OS you want but no bitcoin/litecoin mining.

Here is the specifications of the VPS:
VCPUs   2
Root Disk   30 GB
Ephemeral Disk   50 GB
Total Disk   80 GB
RAM   4,096 MB

I'm looking to return the loan in 3 days. I will use the money primarily for doing some exchanges.

You know that "collateral" is something you *own*, right?

How is someone going to sell a rented VPS if you default?

[Laboboy31]

I'm looking for a 0.2 BTC loan and will have 3 of my spare VPSs as a collateral. Those VPSs are from HPCloud. You can choose what OS you want but no bitcoin/litecoin mining.

Here is the specifications of the VPS:
VCPUs   2
Root Disk   30 GB
Ephemeral Disk   50 GB
Total Disk   80 GB
RAM   4,096 MB

I'm looking to return the loan in 3 days. I will use the money primarily for doing some exchanges.

You know that "collateral" is something you *own*, right?

How is someone going to sell a rented VPS if you default?

They can do many things with it. Almost anything.

[SlidingHorn]

I'm looking for a 0.2 BTC loan and will have 3 of my spare VPSs as a collateral. Those VPSs are from HPCloud. You can choose what OS you want but no bitcoin/litecoin mining.

Here is the specifications of the VPS:
VCPUs   2
Root Disk   30 GB
Ephemeral Disk   50 GB
Total Disk   80 GB
RAM   4,096 MB

I'm looking to return the loan in 3 days. I will use the money primarily for doing some exchanges.

You know that "collateral" is something you *own*, right?

How is someone going to sell a rented VPS if you default?

They can do many things with it. Almost anything.

Collateral is something a lender can hold onto and (and this is the important part) easily sell so they can make their money back if you default.

i.e.  Physical items, commodities, etc.