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Author Topic: Need 0.5 btc loan  (Read 618 times)
cryptopaths
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September 03, 2015, 08:30:00 AM
Last edit: September 03, 2015, 09:08:20 AM by cryptopaths
 #1

I need to barrow 0.5 btc to pay for something that has came up seeing as I don't keep that much bitcoin around anymore these days.
Once the loan is sent I will repay in 10 days.

Loan amount: 0.5
Repayment amount: 0.6
Send loan to address: 1BUNxSuSbWc44CypF2NJn1agEBfopwUJN1
If I do not repay in 10 days I give you the right to take ownership of my account, I have never taken part in a signature campaign but this account could easily make 0.5 back through sig campaigns or by being sold. But I do not foresee that happening.

I'd like to get the loan asap in a couple hours would be great so if you have any other requirements to give a loan please let me know.
Thanks for your time.
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Miyslovenic
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September 03, 2015, 08:45:54 AM
 #2

I need to barrow 0.5 btc to pay for something that has came up seeing as I don't keep that much bitcoin around anymore these days.
Once the loan is sent I will repay in 10 days.

Loan amount: 0.5
Repayment amount: 0.6
Send loan to address: 1BUNxSuSbWc44CypF2NJn1agEBfopwUJN1
If I do not repay in 10 days I give you the right to take ownership of my account, I have never taken part in a signature campaign but this account could easily make 0.5 back through sig campaigns or by being sold. But I do not foresee that happening.

Thanks for your time.

I think you must put your account as collateral, just curious maybe in 10 days you do not repay your loan.

cryptopaths
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September 03, 2015, 09:07:10 AM
 #3

I need to barrow 0.5 btc to pay for something that has came up seeing as I don't keep that much bitcoin around anymore these days.
Once the loan is sent I will repay in 10 days.

Loan amount: 0.5
Repayment amount: 0.6
Send loan to address: 1BUNxSuSbWc44CypF2NJn1agEBfopwUJN1
If I do not repay in 10 days I give you the right to take ownership of my account, I have never taken part in a signature campaign but this account could easily make 0.5 back through sig campaigns or by being sold. But I do not foresee that happening.

Thanks for your time.

I think you must put your account as collateral, just curious maybe in 10 days you do not repay your loan.

Yes I can put it as collateral however in that time can I still access my account as I have some things I would also like to get done. Also if I put my account as collateral will the person holding it be able to read my private messages and alter my stuff in any way?
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September 03, 2015, 09:19:17 AM
 #4

hello
If you have any old Bitcoin addresses posted here and can sign I will lend you, but only if you give me your accaunt as collateral.
if you worry about private messages(I not will use you account only lock), you can use trusted escrow.

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u9y42
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September 03, 2015, 09:25:02 AM
 #5

Yes I can put it as collateral however in that time can I still access my account as I have some things I would also like to get done. Also if I put my account as collateral will the person holding it be able to read my private messages and alter my stuff in any way?

Yes, of course, the person holding the account will be able to read through your private information and change things1; however, you won't, because your account would have no value as collateral if you could access, and potentially recover it, unilaterally.

1 - likely password and email, in order to secure the account.
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September 03, 2015, 09:50:41 AM
 #6

Yes I can put it as collateral however in that time can I still access my account as I have some things I would also like to get done. Also if I put my account as collateral will the person holding it be able to read my private messages and alter my stuff in any way?

Yes, of course, the person holding the account will be able to read through your private information and change things1; however, you won't, because your account would have no value as collateral if you could access, and potentially recover it, unilaterally.

1 - likely password and email, in order to secure the account.
If op signs a message with an old quoted address stating the detailed loan terms and information, the lender can send the message to a forum administrator to stop
any account recovery attempts.

I still doubt that it is worth lending though, as the collateral needs to worth 10% more than loan value.
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September 06, 2015, 08:44:12 AM
 #7

If op signs a message with an old quoted address stating the detailed loan terms and information, the lender can send the message to a forum administrator to stop
any account recovery attempts.

I still doubt that it is worth lending though, as the collateral needs to worth 10% more than loan value.

Yes, I suppose you're right; the admins should be able to stop any such attempts if needed, by directly resetting the account's password and email. This should allow cryptopaths to still access his account and perform whatever business he needs, even if it won't provide privacy; although, the terms can be rearranged so there would be no need to provide access information to the lender, relying only on the admins to transfer the account in case of default. Still, I imagine they might be somewhat reluctant to get involved like this - have there been any cases where they have intervened in this fashion?

As for the value of the collateral itself, I have no idea; I still remember Hero Member accounts being worth more than 1 BTC, but I guess that has changed a lot since.
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September 11, 2015, 06:08:47 PM
 #8

I need to barrow 0.5 btc to pay for something that has came up seeing as I don't keep that much bitcoin around anymore these days.
Once the loan is sent I will repay in 10 days.

Loan amount: 0.5
Repayment amount: 0.6
Send loan to address: 1BUNxSuSbWc44CypF2NJn1agEBfopwUJN1
If I do not repay in 10 days I give you the right to take ownership of my account, I have never taken part in a signature campaign but this account could easily make 0.5 back through sig campaigns or by being sold. But I do not foresee that happening.

I'd like to get the loan asap in a couple hours would be great so if you have any other requirements to give a loan please let me know.
Thanks for your time.

i guess you r selling your account'' ?

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