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Author Topic: (loaned) looking for a paypal loan, kinda intresing deal as it pays back in BTC  (Read 978 times)
vm1990
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April 22, 2013, 02:17:28 PM
 #1

ok so im looking for a paypal loan to pay off my electric bill for this month
im after £100 ill pay back either in BTC so you get 1.5BTC back or in some mining power i can do 275MH/s on a pool for you if you want
or even paypal the money back to you in about 3 weeks time

or even a mix of all the above

also to add a really interesting twist to the deal ill have 0.5BTC by Friday XD

also feel free to check on my mining background im pushing 700MH/s on http://btcmine.com/toplist/ and another 300MH/s on slushes pool but mostly BTC mine and im normaly around the top 50 miners or so

ill also check in atleast once every 2 days and give you updates


The reason iv done paypal is worst comes to worst or you get cold feet you can charge back

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Eisenhower34
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April 22, 2013, 02:40:27 PM
 #2

any previous deals of similar value in here, where the other party trusted you and later got the money / goods from you?
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April 22, 2013, 02:42:55 PM
 #3

just sold some BTC to AprilShowers and im always around to answer questions
also got good feedback from over 200 people on ebay
and i should even be able to pay around 0.4BTC back by the end of the day

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Birdy
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April 22, 2013, 02:51:06 PM
 #4

The reason iv done paypal is worst comes to worst or you get cold feet you can charge back

Quote
as it says i think iv had it im giving up on bitcoins.

im in a 2nd fight over paypal now and im just sick of it iv been mining bitcoins for over a year and my mining gear and everything will be switched of at the end of the month bitcoins are fine aslong as you trust people but really there are that many people who keep ripping people off iv had it

Why do you want to use paypal again, when you were betrayed two times there?
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April 22, 2013, 02:54:30 PM
 #5

this ones different as there wont be a payback straight away so if for example the investor does a charge back the only person loosing would be them if the inverter sticks it out then they get the reward

its kinda strange but.
also any inverter or loaner (thats a word right) is going to be trusted and have at least a few previous clients which is good enough for me

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Birdy
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April 22, 2013, 03:01:49 PM
 #6

Hmm, reasonable. I got no money on paypal through.
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April 22, 2013, 03:04:18 PM
 #7

i can do a UK bank transfer to just has to clear by wednesday

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Birdy
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April 22, 2013, 03:12:50 PM
 #8

i can do a UK bank transfer to just has to clear by wednesday
So I guess bank transfers from outside the UK are too slow + currency exchange fee.

Would a loan in BTC work?
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April 22, 2013, 03:17:38 PM
 #9

sadly not BTC takes to long to shift from the UK exchanges take to long to get transfers depending where your from and what bank your with it could be the same day or next day im with HSBC

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Birdy
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April 22, 2013, 03:26:02 PM
 #10

Okay, sadly I cannot help you then.

I think what you claim is true and you probably will pay back.
But I also think you should be careful:
Mining difficulty increases -> You get less BTC
If BTC raise, you earn more with mining, but loans also increase.
If BTC decrease, the loan will be less of a problem, but you will gain less from mining.
Kinda restricting both sites to your disadvantage.
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April 22, 2013, 03:31:35 PM
 #11

im not to botherd about mining increases as i have ASICs on order and in total i can push just over 1GH/s on my 3 cards, if bitcoin skyrockets then the investor makes a fortune but if it crashes ill either pay back more BTC or payback with paypal or even banktransfers

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vm1990
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April 22, 2013, 03:52:01 PM
 #12

iv done some working out you think you could get the money into my UK bank account by Friday?

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Joshster
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April 22, 2013, 03:54:20 PM
 #13

Possible I can do this with UK-BT, willing to send me some ID and other information.

If Bitcoin ever became widely used, we can all say we was in it from the start.
vm1990
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April 22, 2013, 03:54:59 PM
 #14

yeh depending what you want

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Dougie
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April 22, 2013, 04:07:32 PM
 #15

I'll give you it by UK-BT.

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vm1990
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April 22, 2013, 04:13:17 PM
 #16

@Dougie: yeh pm me for details also how long will it take to transfer? kinda tight deadline

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vm1990
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April 22, 2013, 04:46:46 PM
 #17

just for public record i accepted Dougie's loan at


So if by 13/05/13 the MTgox weighted average is less than £100 then you'll give me BTC1.2 and if it is over £100 you'll send me BTC1.0 since you'll have sent me BTC0.5 by Friday (26/04/13).

If this is fine then send me your account number and sort code and I'll pay it in.


ill keep the thread updated as often as i pay him back Smiley also got the bank transfer very quick to

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Dougie
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April 22, 2013, 04:48:26 PM
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just for public record i accepted Dougie's load at


So if by 13/05/13 the MTgox weighted average is less than £100 then you'll give me BTC1.2 and if it is over £100 you'll send me BTC1.0 since you'll have sent me BTC0.5 by Friday (26/04/13).

If this is fine then send me your account number and sort code and I'll pay it in.


ill keep the thread updated as often as i pay him back Smiley also got the bank transfer very quick to
Thanks vm1990.

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Dougie
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July 05, 2013, 08:08:05 AM
 #19

Just thought I'd update this thread. vm1990 sent me 1.7 BTC for the first £100 payment. He then asked for a second loan. I sent him £75 and he sent me 1.2 BTC.

So in total I risked £175 but at one time the most I risked was £100. I've put down trust to the value of 2.9BTC though.

Great guy and always giving updates on the pool.

Thanks again vm1990.

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July 06, 2013, 11:10:00 AM
 #20

Thanks Dougie Smiley very easy to deal with and flexible if i ran a bit behind on the repayments, bitcoins hard to work out repayments with changing difficulty's

responded quickly when we needed to work stuff out

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