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Author Topic: Need 70K USD loan with BTC Collateral  (Read 138 times)
roughlyright
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July 13, 2017, 12:21:51 AM
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I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc


 If you are interested, please PM me.

Roughly Right
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There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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ThatRandom8543
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July 13, 2017, 02:42:43 AM
 #2

I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc


 If you are interested, please PM me.

Roughly Right

Coinbase allows me to sign messages just fine, even if the public key changes, you can go into your history, select detail, click sign a message, and sign a message with that address, and if you cannot prove with a sign message you do not have $100k worth of btc until otherwise proven, and no sane person would hold that much coins in a online exchange either.

You better off locking this thread before you get a negative trust because no one is going to believe you, and screenshots can be altered as well
yogg
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July 13, 2017, 11:33:54 AM
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Duplicate thread of OP's initial 70k loan request : https://bitcointalk.org/index.php?topic=2010061.0

Vod
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July 13, 2017, 04:18:30 PM
 #4

I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc


 If you are interested, please PM me.

Roughly Right

I will hold onto your collateral for a 1% fee.  Then the borrowers can be assured you will not run off with the loan.

This will be a hard loan to fill with the price of BTC dropping.  :/

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ThatRandom8543
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July 13, 2017, 04:56:16 PM
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I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc


 If you are interested, please PM me.

Roughly Right

I will hold onto your collateral for a 1% fee.  Then the borrowers can be assured you will not run off with the loan.

This will be a hard loan to fill with the price of BTC dropping.  :/

Remember, in his previous request he wanted to do a multisig (though no real person would agree to that term), but yes btc has been dropping so he would have to more more than $100k worth of bitcoin to insure that lender is protected so they wont be at a loss.
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