420's Non-Ponzi Loans & LiteCoin Options (Lend to me, or Get a loan, Calls/Puts)

[420]

*UPDATE: Current Offers I have:
None

What these are is basically you loaning me money with me paying you back the premium+interest after a certain period unless you want to negotiate a 2nd loan after, this will be by case by case basis for me to approve:

Working Rates: (Subject to case basis approval)

USD:
1 Month loan to me for 4% return, minimum $500
2 Month Loan to me for 9% return, minimum $750
4 Month Loan to me for 20% return, minimum $1,000
12 Month (year) loan to me for 50% return, minimum $1,500

For BTC Loans I'd negotiate but the interest rate would be a bit lower than the above rates for return on USD loaned to me

NOTE: Currently just testing offers; may not accept MORE loans than I'm under currently

Current LTC Option Contracts:
NONE

--------------------------

Current Loans: (Total Debt: $0)

My Debt:
None

My Credit:


All expiration dates are the final date that the contract can be exercised on according to Eastern Time USA

Pending Offers:
- LTC Option to jasinlee at $7 strike price
- Put option from Eisenhower

Completed LTC Options:

- 10,000 LTC Promise to SELL to user Smoothie in Jan or on Jan 1st 2014 (under the terms Smoothie is required to buy 10,000 LTC at $0.07 each)
FINISHED: Executed at a new deal on April 3rd or 4th for $0.14 each. smoothie very happy: https://bitcointalk.org/index.php?topic=145492.msg1746835#msg1746835

- 5,000 LTC Option for jasinlee to buy at $0.35. Expiration June 9th 2013
Executed April 3rd 2013: https://bitcointalk.org/index.php?topic=145492.msg1737938#msg1737938

- 13,000 Contract with cptmooseinc @ $0.10 each starting Feb 25th 2013 which he exercised on March 11, 2013: https://bitcointalk.org/index.php?topic=145492.msg1613007#msg1613007

- 3,000 LTC Contract (1,500 LTC reminaing)to sell to maxcarjuzaa @ $0.12USD for 6 months; expiring September 3rd 2013
HALF EXERCISED mar 9 https://bitcointalk.org/index.php?topic=145492.msg1604823#msg1604823
2nd HALF EXERCISED mar 10https://bitcointalk.org/index.php?topic=145492.msg1607970#msg1607970

- 2,000 LTC Contract to sell to NoobMiner LTC @ $0.10 expiring December 3rd, 2013
https://bitcointalk.org/index.php?topic=145492.msg1577852#msg1577852
Settled for 1,100LTC at no charge on 3-6-13: https://bitcointalk.org/index.php?topic=145492.msg1591855#msg1591855

- 5,000 LTC Option to SELL to user Scott J: https://bitcointalk.org/index.php?topic=138641.msg1491233#msg1491233
Completed 3-7-13: https://bitcointalk.org/index.php?topic=145492.msg1593594#msg1593594

Completed Loans:
* $200 from Garr255 on March 19th 2013 to be paid back on April 19th 2013 through Gox or Dwolla with 5% interest
PAID BACK apr 16 (Pacific time): https://bitcointalk.org/index.php?topic=145492.msg1860727#msg1860727
* 10BTC loan from BLFC Jordan for 5 months to be paid back by July 26th at 50% interest (15BTC to pay back):
https://bitcointalk.org/index.php?topic=139213.0
PAID BACK early April 5th 2013 for 12.5BTC: http://blockchain.info/address/1PUbyK2XNmEDdXStRxZBVogoQTmbPKqZwg
* $1,500 from cptmooseinc to be paid back in 4 months (~June 24, 2013) and instead of paying interest he bought a 2 year option to buy 13,000 LTC @ $0.10 each starting Feb 25th 2013 which he exercised on March 11, 2013: https://bitcointalk.org/index.php?topic=145492.msg1613007#msg1613007
PAID BACK APRIL 5th, 2013 (early): https://bitcointalk.org/index.php?topic=145492.msg1750660#msg1750660
* 22BTC Loan from steamboat @ 8% interest in 2 months time. 23.76BTC exactly due by May 6th 2012 EST
LINK: https://bitcointalk.org/index.php?topic=145492.msg1589315#msg1589315
PAID BACK early Mar 27 2013 (~$2,000): https://bitcointalk.org/index.php?topic=145492.msg1694688#msg1694688
* 10BTC Additional Loan from steamboat @ 9% interest in 2 months time. 10.9BTC exactly due by May 9th 2012 EST
LINK: https://bitcointalk.org/index.php?topic=145492.msg1604887#msg1604887
Also paid back early on April 5th 2013: https://bitcointalk.org/index.php?topic=145492.msg1750858#msg1750858
* In 2012, I borrowed $200 from user Garr255 and paid him back with interest: https://bitcointalk.org/index.php?topic=85523.msg1284766#msg1284766
* In 2012, I borrowed $500 from user Garr255 and paid him back with interest: https://bitcointalk.org/index.php?topic=85523.msg1502203#msg1502203
* $300 Loan from Blazr for one month @ 5%. Started March 7th, 2013 an amount of $315
ORIGINAL: https://bitcointalk.org/index.php?topic=145492.msg1593540#msg1593540
Paid back early on 3-20-13: https://bitcointalk.org/index.php?topic=145492.msg1650195#msg1650195
* $1,000 from Garr255 April 18 - $1,070 paid on May 18th:
https://bitcointalk.org/index.php?topic=145492.msg1879194#msg1879194

Completed Credit to other Users:
- Loaned 2BTC to efx on April 5th 2013 due from him in 1 month at 12% interest: https://bitcointalk.org/index.php?topic=145492.msg1750864#msg1750864
Paid back 5-4-13: https://bitcointalk.org/index.php?topic=145492.msg2023026#msg2023026
- 2.5BTC loaned to cptmoosinc on May 27th, due back June 27 2013 by 1PM pacific @ 10% interested (2.75BTC):
https://bitcointalk.org/index.php?topic=145492.msg2288725#msg2288725
Payment received early (June 6):
https://bitcointalk.org/index.php?topic=145492.msg2393562#msg2393562

[21after2]

Looks like it'd be more worth it for people to invest in your two month loans. If they keep reinvesting their coin in those loans, they'd get a 60% return over 12 months instead of 50%. They could do the same with the four month loans as well, but two months allows them to cut out earlier and easier if they wanted to.

[Vod]

Even though the title says non-ponzi, this is cleary a ponzi.  Shocking.   

Unless the OP can show how he plans to make a profit at those incredible interest rates....

Seems more likely he will wait until he has the largest amount of bitcoins possible, and just disappear.

[420]

Both you guys are discounting the fact I will be doing each loan on a case by case basis.

And to top it off; my business model is sustainable in that I will be able to payback within the regular term or within a few months even if Bitcoin and Litecoin DISAPPEAR

I do day trading and options contracts besides my regular job and living frugal

The rates aren't very incredible in the bitcoin community

[notme]

Both you guys are discounting the fact I will be doing each loan on a case by case basis.

And to top it off; my business model is sustainable in that I will be able to payback within the regular term or within a few months even if Bitcoin and Litecoin DISAPPEAR

I do day trading and options contracts besides my regular job and living frugal

The rates aren't very incredible in the bitcoin community

How do you intend to repay if I lend you bitcoin and it disappears?  Will I not be paid back in bitcoin?

[420]

Both you guys are discounting the fact I will be doing each loan on a case by case basis.

And to top it off; my business model is sustainable in that I will be able to payback within the regular term or within a few months even if Bitcoin and Litecoin DISAPPEAR

I do day trading and options contracts besides my regular job and living frugal

The rates aren't very incredible in the bitcoin community

How do you intend to repay if I lend you bitcoin and it disappears?  Will I not be paid back in bitcoin?

well obviously that would be in the terms. proably by the value of the btc loaned or the value at disappearance or an average

but i prefer to be loaned in USD anyway

GOX USD

[notme]

Both you guys are discounting the fact I will be doing each loan on a case by case basis.

And to top it off; my business model is sustainable in that I will be able to payback within the regular term or within a few months even if Bitcoin and Litecoin DISAPPEAR

I do day trading and options contracts besides my regular job and living frugal

The rates aren't very incredible in the bitcoin community

How do you intend to repay if I lend you bitcoin and it disappears?  Will I not be paid back in bitcoin?

well obviously that would be in the terms. proably by the value of the btc loaned or the value at disappearance or an average

but i prefer to be loaned in USD anyway

GOX USD

oh, screw that.

[cptmooseinc]

Here's my offer:

$1500USD to be loaned in Gox USD for a period of 4 months. At your stated interest rates, that would net me $300 of interest for that time period. Instead of being paid that interest along with my principal, I'd like to just receive my principal back at the end of the four months. In-lieu of the interest, I'd like to be granted an option contract for LTC.

According to the Black-Scholes calculator I used (http://www.mystockoptions.com/black-scholes.cfm)....

I input .067 as the current price per LTC, a .10 exercise price (the minimum price LTC must be at for me to execute a purchase), 2 years for maturity, 5% interest (a value that doesn't matter due to such a low price, but must be entered to satisfy the equation), and an 80% volatility.

This gives an output of a cost-per-contract of $.023. If you divide $300 (the interest) by $.023, you get a little more than 13000LTC. So, here's the contract I'd like to receive instead of interest:

An option to buy 13,000LTC at strike price of $.10/LTC anytime between the receipt of funds from the initial loan and 2 calendar years after that date (sometime in 2015). 420 must respond to a request for exercising within 48 hours of PM/other communication. If I do exercise, delivery of LTC must be made within 24 hours of receiving payment for them. Failure to respond within 48 hours of request to exercise adds 250LTC per additional day to the balance that must be delivered.


If possible, I'd like to get johnthedong involved if he has an account at MtGox. Since funds will be transferred using Gox, here's my idea for escrow:

Load funds to Gox and create a MtGox Code, transfer that code to johnthedong, johnthedong uses the code to add $1500USD to his Gox Account, johnthedong creates a new Gox Code from those funds and sends it to 420. This way, johnthedong can confirm that I did indeed send the correct amount of funds and it cannot be disputed. If johnthedong doesn't have a MtGox account, then I'd like to try and find some other trusted escrow person or some way to verify that amount of funds has been sent (I can also send via Dwolla and you could move them to MtGox yourself quickly from there).

Let me know what you think!

[420]

Here's my offer:

$1500USD to be loaned in Gox USD for a period of 4 months. At your stated interest rates, that would net me $300 of interest for that time period. Instead of being paid that interest along with my principal, I'd like to just receive my principal back at the end of the four months. In-lieu of the interest, I'd like to be granted an option contract for LTC.

According to the Black-Scholes calculator I used (http://www.mystockoptions.com/black-scholes.cfm)....

I input .067 as the current price per LTC, a .10 exercise price (the minimum price LTC must be at for me to execute a purchase), 2 years for maturity, 5% interest (a value that doesn't matter due to such a low price, but must be entered to satisfy the equation), and an 80% volatility.

This gives an output of a cost-per-contract of $.023. If you divide $300 (the interest) by $.023, you get a little more than 13000LTC. So, here's the contract I'd like to receive instead of interest:

An option to buy 13,000LTC at strike price of $.10/LTC anytime between the receipt of funds from the initial loan and 2 calendar years after that date (sometime in 2015). 420 must respond to a request for exercising within 48 hours of PM/other communication. If I do exercise, delivery of LTC must be made within 24 hours of receiving payment for them. Failure to respond within 48 hours of request to exercise adds 250LTC per additional day to the balance that must be delivered.


If possible, I'd like to get johnthedong involved if he has an account at MtGox. Since funds will be transferred using Gox, here's my idea for escrow:

Load funds to Gox and create a MtGox Code, transfer that code to johnthedong, johnthedong uses the code to add $1500USD to his Gox Account, johnthedong creates a new Gox Code from those funds and sends it to 420. This way, johnthedong can confirm that I did indeed send the correct amount of funds and it cannot be disputed. If johnthedong doesn't have a MtGox account, then I'd like to try and find some other trusted escrow person or some way to verify that amount of funds has been sent (I can also send via Dwolla and you could move them to MtGox yourself quickly from there).

Let me know what you think!

Accepted

2 yr seems a long time to exercise LTC though but oh well. I plan to be here unless I die or am in jail; I'd hopefully have someone handling my estate by then

contract should start as soon as I get gox usd (4 month till payback)

Contacting Mr. dog

[cptmooseinc]

Accepted

2 yr seems a long time to exercise LTC though but oh well. I plan to be here unless I die or am in jail; I'd hopefully have someone handling my estate by then

contract should start as soon as I get gox usd (4 month till payback)

Contacting Mr. dog

Great! 2yrs is quite awhile, but a 1 year contract would've probably been a much lower strike. Now you can make profit, support LTC, and accumulate as well! ^_^

Yeah, LTC option contract starts at receipt of loan and 4 months later I get my principal back. Have john get in contact with me if he would like us to GPG-sign this. Also please inquire if he has a Gox account to do the pass-through of funds.

-Moose

[ironcross360]

I have good experience with 420 he is a non-ponzi

[420]

I have good experience with 420 he is a non-ponzi

well you're still potentially doing work for me and I haven't paid yet but will after review your work tonight

[ironcross360]

Still good experience Lol

I have good experience with 420 he is a non-ponzi

well you're still potentially doing work for me and I haven't paid yet but will after review your work tonight

[420]

Accepted

2 yr seems a long time to exercise LTC though but oh well. I plan to be here unless I die or am in jail; I'd hopefully have someone handling my estate by then

contract should start as soon as I get gox usd (4 month till payback)

Contacting Mr. dog

Great! 2yrs is quite awhile, but a 1 year contract would've probably been a much lower strike. Now you can make profit, support LTC, and accumulate as well! ^_^

Yeah, LTC option contract starts at receipt of loan and 4 months later I get my principal back. Have john get in contact with me if he would like us to GPG-sign this. Also please inquire if he has a Gox account to do the pass-through of funds.

-Moose

Received $1,000 from cptmooseinc today in GOx; says he'll send $500 remaining tomorrow and thats when the options contract will start

[John (John K.)]

Accepted

2 yr seems a long time to exercise LTC though but oh well. I plan to be here unless I die or am in jail; I'd hopefully have someone handling my estate by then

contract should start as soon as I get gox usd (4 month till payback)

Contacting Mr. dog

Great! 2yrs is quite awhile, but a 1 year contract would've probably been a much lower strike. Now you can make profit, support LTC, and accumulate as well! ^_^

Yeah, LTC option contract starts at receipt of loan and 4 months later I get my principal back. Have john get in contact with me if he would like us to GPG-sign this. Also please inquire if he has a Gox account to do the pass-through of funds.

-Moose

Received $1,000 from cptmooseinc today in GOx; says he'll send $500 remaining tomorrow and thats when the options contract will start

Confirmed in PM too.

[🏰 TradeFortress 🏰]

Why not just use your credit card and not pay ~80% APR?

If you weren't approved for one, then why should anyone give you a loan?

[Puppet]

I have good experience with 420 he is a non-ponzi

No one had more positive ratings than pirate when he launched his ponzi.

Anything that bears interest in bitcoin is suspicious, anything that pays these kinds of ridiculous interest rates is to be assumed a ponzi.

As tradefortress pointed out, you can get loans from banks or cc companies for only a tiny fraction of these rates.

[cptmooseinc]

The difference between a bank loan and this one is that he'd had to make payments back towards the principal, which would reduce the capital he had to day trade with to turn a profit. In this setup, he pays a set interest rate and returns the funds plus interest over the allotted time. In currency trading (or any other for that matter), with the right setup, you can churn out rather large gains if you stay on top of it. So, even though it looks like he's paying out a super high APR, in reality, his spread is more than able to cover it.

The money I have invested with him is part of $3000 I won for correctly investing in 5 $5 JAN14 BAC option contracts back in December 2011. I cashed those out in December 2012 for a 333% profit (initial investment of $900). I didn't do anything but buy and sit on those. I regularly trade within a small basket of stocks using covered calls or put spreads that can net me 10-15% in a month. I only took my BAC funds here to invest to let the financial markets have a pullback period and allow me to still get a decent return on my money. I do intend on reinvesting the funds (specifically BAC), but with a pullback looming in the next few months, it's just not safe to buy a large quantity of long-dated OTM options right now.

5%/month interest is not an unreasonable rate of return to pay out by any stretch of the imagination. It's rather easy to cover, honestly. I want to use the time I'm waiting for a pullback to help build some reputation for myself in the community and encourage trade in the currency. I'd mess with setting up a trading bot and all that myself, but I work too many hours in a day and too many days a week since I'm in the oilfield services industry and fabrication for the Gulf of Mexico is ratcheting up again.

[Vod]

5%/month interest is not an unreasonable rate of return to pay out by any stretch of the imagination. It's rather easy to cover, honestly. I want to use the time I'm waiting for a pullback to help build some reputation for myself in the community and encourage trade in the currency. I'd mess with setting up a trading bot and all that myself, but I work too many hours in a day and too many days a week since I'm in the oilfield services industry and fabrication for the Gulf of Mexico is ratcheting up again.

Doesn't that make you a fool then?  You could invest a million dollars (get family to loan it) and pull in $50,000 a month in income without having to work.

Oh wait, that kind of return is not guaranteed.  Even with good luck, the OP will eventually be drawing on new investments to pay interest.  That is what makes a ponzi.

[cptmooseinc]

mlawrence,

Have you heard of mREITs and do you know how they operate?? It's more than feasible that 420 can make these sort of payouts if in to the right investments and knows how to navigate them properly. mREITs borrow money at a certain interest rate and then loan it back out at a higher one, keeping the difference (spread) as their profit. They can then add leverage as an additional layer to further increase the profits. That's why you see mREITs out there consistently paying 10%+ annual dividend yields.

Look at the personal loans that go on on the boards all the time. People pay huge interest rates for relatively short term loans. If 420 were to simply take my investment and make a bunch of short term loans at the kind of interest rates others are charging, then he'd easily be able to cover the amount of interest he's offering. Now, there's no stipulations on what 420 can and cannot invest the money into, so I don't really care what he does with it, as long as I get my $1500 + $300 (or in this case, my LTC options contract) back at the end of four months.

I don't think he'll have to rob Peter to pay Paul. And seeing as how I only like to trade in a small basket of stocks, and all of those stocks are currently overheated in my opinion, this is just an investment that can serve two purposes at once for me.