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Author Topic: Need a loan, Steam Key collateral  (Read 756 times)
UltraFRS (OP)
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May 06, 2015, 04:36:06 PM
 #1

Using 3 steam key's as collateral, FarSky, Run the Sun and Arena: Cyber Revolution Founders Pack DLC.

Total Collateral Fiat Value: £38.97
Total Collateral BTC Value: 0.2567 (At current exchange rate as of 9:00am 6/5/2015)

What I need: 0.2BTC
What for: Investment to buy CryptoSpots (currently trading on Alcurex at 125 Satoshi each)
How many will you buy: 80,000 @ 250 (Slightly less than the highest price which I was selling at myself yesterday)
Repayment by: 20/5/2015
Interest: 10%
Total Repayment: 0.22

Comment here to say you wish to provide the loan, Key's will be passed to any escrow you want me to use.

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May 06, 2015, 05:20:19 PM
 #2

Using 3 steam key's as collateral, FarSky, Run the Sun and Arena: Cyber Revolution Founders Pack DLC.

Total Collateral Fiat Value: £38.97
Total Collateral BTC Value: 0.2567 (At current exchange rate as of 9:00am 6/5/2015)

What I need: 0.2BTC
What for: Investment to buy CryptoSpots (currently trading on Alcurex at 125 Satoshi each)
How many will you buy: 80,000 @ 250 (Slightly less than the highest price which I was selling at myself yesterday)
Repayment by: 20/5/2015
Interest: 10%
Total Repayment: 0.22

Comment here to say you wish to provide the loan, Key's will be passed to any escrow you want me to use.



To verify these keys work, won't the escrow/lender have to use them?
Once they are used, how can they be returned to you?

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May 06, 2015, 05:24:43 PM
 #3

Using 3 steam key's as collateral, FarSky, Run the Sun and Arena: Cyber Revolution Founders Pack DLC.

Total Collateral Fiat Value: £38.97
Total Collateral BTC Value: 0.2567 (At current exchange rate as of 9:00am 6/5/2015)

What I need: 0.2BTC
What for: Investment to buy CryptoSpots (currently trading on Alcurex at 125 Satoshi each)
How many will you buy: 80,000 @ 250 (Slightly less than the highest price which I was selling at myself yesterday)
Repayment by: 20/5/2015
Interest: 10%
Total Repayment: 0.22

Comment here to say you wish to provide the loan, Key's will be passed to any escrow you want me to use.



To verify these keys work, won't the escrow/lender have to use them?
Once they are used, how can they be returned to you?

I think there is a way to see that these codes have not yet been used. You can simply fill in the code and not hit the follow-up button which means you are redeeming the game; if the game would have been redeemed already you will see that on first instance.

However, there is a way bigger risk of this: Here on BTC Talk, you can buy random Steam keys for $0.40 each. With some luck, with 3-4 keys (so $1.20 or $1.60) you will get 3-4 games worth $39 in total or so...  There is a huge risk in this deal, and therefore I personally would definately not participate in this. But that's personal for everybody.


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May 06, 2015, 05:38:26 PM
 #4

Using 3 steam key's as collateral, FarSky, Run the Sun and Arena: Cyber Revolution Founders Pack DLC.

Total Collateral Fiat Value: £38.97
Total Collateral BTC Value: 0.2567 (At current exchange rate as of 9:00am 6/5/2015)

What I need: 0.2BTC
What for: Investment to buy CryptoSpots (currently trading on Alcurex at 125 Satoshi each)
How many will you buy: 80,000 @ 250 (Slightly less than the highest price which I was selling at myself yesterday)
Repayment by: 20/5/2015
Interest: 10%
Total Repayment: 0.22

Comment here to say you wish to provide the loan, Key's will be passed to any escrow you want me to use.



To verify these keys work, won't the escrow/lender have to use them?
Once they are used, how can they be returned to you?

I think there is a way to see that these codes have not yet been used. You can simply fill in the code and not hit the follow-up button which means you are redeeming the game; if the game would have been redeemed already you will see that on first instance.

However, there is a way bigger risk of this: Here on BTC Talk, you can buy random Steam keys for $0.40 each. With some luck, with 3-4 keys (so $1.20 or $1.60) you will get 3-4 games worth $39 in total or so...  There is a huge risk in this deal, and therefore I personally would definately not participate in this. But that's personal for everybody.



At the end the problem is not the "verification" of the keys, the problem is that those keys are not a valid collateral because the OP will still have those keys (so he can use them whenever he wants).
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May 06, 2015, 07:18:28 PM
 #5

At the end the problem is not the "verification" of the keys, the problem is that those keys are not a valid collateral because the OP will still have those keys (so he can use them whenever he wants).

That's true indeed. The seller can make use of these keys too untill someone has redeemed them. That, together with the thing I mentioned that for less than for example $2 you can have a value of $40 on Steam (by buying random codes), makes this very tricky.


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UltraFRS (OP)
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May 06, 2015, 07:28:23 PM
 #6

I can understand that is tricky but I don't really have much to offer tbh.

I actually have 2 set's of the same key's so I have £78 of "potential" collateral. Other than that I have 20,000 CS which is what I am trying to buy more of with the investment so it would seem ointless in offering that as collateral imo.

My steam account itself is worth £178 but I don't really want to give someone access to that as it's where I keep all my RPG Maker Games that I make on the cloud.

Other than that I can only offer work such as graphical design, Youtube Video creation, Make you a game maybe a simple HTML and CSS based webpage or two. 
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May 07, 2015, 02:05:18 AM
 #7

Other than that I can only offer work such as graphical design, Youtube Video creation, Make you a game maybe a simple HTML and CSS based webpage or two. 

You can offer your services/skills for btc, seems like it would be better if you just did this instead of trying to take out a loan with bad/lack of collateral.

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May 07, 2015, 01:06:46 PM
 #8

Other than that I can only offer work such as graphical design, Youtube Video creation, Make you a game maybe a simple HTML and CSS based webpage or two. 

You can offer your services/skills for btc, seems like it would be better if you just did this instead of trying to take out a loan with bad/lack of collateral.

True. I am even willing to pay you if you PM me with some samples of your work.

Termin4tor
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May 15, 2015, 07:42:01 PM
 #9

Offering a steam key as a collateral for a loan does'nt seem right.

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