Bitcoin Forum
June 28, 2024, 08:38:59 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Need 3 BTC for buying ASIC share 1K83 – LTCGEAR  (Read 2638 times)
Quickseller
Copper Member
Legendary
*
Offline Offline

Activity: 2926
Merit: 2347


View Profile
November 29, 2014, 08:34:00 PM
 #21

So that all parties are safe, how about the lender buy the ASIC shares 1K83 and then mine 3.3 BTC (3.0 BTC loan amount + 10%) for himself. Once he has earned the 3.3 BTC, he transfers the ASIC 1K83 shares over to you. Does that sound ok?

In that case, there would be virtually no difference in buying and keeping the shares themselves (and you might earn more so) as the risk involved here lies completely with the lender.
It would actually potentially make sense if the borrower were to some kind of "down payment"/"equity" so they would not be buying the shares with 100% borrowed money. Once the shares earn 3.3 BTC then they can be transferred to the borrower. This would prevent the lender from having to take  on all the risk associated with buying the shares and would result in a completed deal.

Obviously it would mean that the lender would need to be extremely trustworthy (I think that Tomatocage meets that criteria, but most of the other lenders on here are probably not). Another potential twist would be that the lender sends an escrow funds for the loan, the borrower sends an escrow funds for his "down payment", the escrow buys the shares, and once they have earned 3.3 BTC the escrow transfers the 3.3 to the lender and the shares to the borrower. 
scarsbergholden
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile
November 29, 2014, 08:37:23 PM
 #22

I need a loan and everything will be paid soon in 3 months
So, Can I get a loan, Sir?

Ok I bought the shares and they're mining now. I'll transfer them to you in 3 months Wink
You are obviously trolling however the lender would be taking on the risk that ltcgear is a scam/ponzi site, which I highly believe it is. I believe that the large number of people selling "shares" in the digital goods section are just shills of ltcgear trying to get suckers to give them money.

This may potentially work if a more reputable company were used.

sutedjo (OP)
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
December 10, 2014, 02:14:57 AM
 #23

so, can I get a loan? Huh
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!