Short Term 1 BTC Loan Request from Established DT2 BCT Member

[Stratobitz]

Funny I am actually posting here.

All my BTC is tied up, and I have used my limit on Coinbase which won't re-up for a few days.

Need a small 1 BTC Short term loan to make an online purchase... Its somewhat time sensitive.

I have no idea what people post as collateral as I have never requested a loan before (I've been a member for years / DT2), I have a lot of trades feedback.

But I really prefer not to deal with local bitcoins / meeting someone in person, unless I have to.

Please feel free to contact me if there are options to possibly work out, I can release back the 1BTC plus interest in a few days (call it a week loan I guess for calculation sake?)

PM me thanks guys!

Cheers!

Strato

[FrilledShark]

I can fill this loan, I just need some collateral. Your trust isn't going to cut it. (Might be for some  )
Void has been so friendly and made a post dedicated to different types of valid collateral:

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Items they want to sell.  They don't want it back, so they will default.  It's scammy unethical behavior and will lead to negative trust.  Check their recent posts!
- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over 6 months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)  Examples:  Steam

Do you by any chance have some altcoins? They are the best type and are going to give you the best interest rate. (5-6%)
You might also want to post a signed message from an old address, to show you aren't hacked.

[zazarb]

Any update for this request ? The loan already funded? Does OP signed message an old address?

[FrilledShark]

Any update for this request ? The loan already funded? Does OP signed message an old address?

I don't know what happened. The only things I know is what you can see in this thread. He didn't reply with a PM or contaced me in another way, so he might have forgotten about the loan  .

Btw, I checked and he is DT 2.

Edit: Be carefull when lending to him, a user is reporting the account hacked: https://bitcointalk.org/index.php?topic=1619114.0.
Signed message from either person would solve the issue.

[zazarb]

Any update for this request ? The loan already funded? Does OP signed message an old address?

I don't know what happened. The only things I know is what you can see in this thread. He didn't reply with a PM or contaced me in another way, so he might have forgotten about the loan  .

Btw, I checked and he is DT 2.

Looked at his account close( post history), I do not see sign that account hacked,
however you will not need overvalue DT, it does not give any warranty.

edit:
it seems I was wrong, somebody claim that account hacked:
https://bitcointalk.org/index.php?topic=1619114.0

[josephdd1]

Creating a self-moderated loan request thread makes this request look shady to me.

Until a signed message is provided this account can be considered as a hacked one.

We have to wait and see if the Op will show up and respond to any of our comments.
I have serious thoughts though, that he will not appear...                                                                                                                                                                                                                                                              

[Stratobitz]

Guys my account is fine, I was out for the evening and just got back home.

I can sign a transaction from either of the two BTC addresses I have quoted in the META forum, I can post to my twitter, I can send/receive emails from my public email address, my account is fine.

I'll respond to direct offers via PM regarding this. It's not a critical issue, If I cant do the transaction it wont be the end of the world...

Thanks for your replies.

Cheers!

Strato

[Stratobitz]

Please note I've deleted a few posts on this thread, which are off topic, in regards to my account only--- I am happy to sign a message to any potential lender, from the BTC address I logged on BCT META, the first being long long ago, and I have a 2nd one from a separate wallet for security purposes as well.

Cheers!

Strato

[Stratobitz]

Locking this topic. I am no longer seeking the loan. First time posting to this particular sub, what a headache. I post, go out for the night, and come back to a slew of "i've been hacked messages".

Guys, take responsibility for the things you write on these forums. Before any such accusations are made... you should have more proof, or reason to suspect such a thing has happened... besides "no reason at all" -- which is the case here.

Strato