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Author Topic: Your best offer to clear my debt  (Read 966 times)
seller (OP)
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June 26, 2013, 05:10:45 AM
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What I am trying to do is pay off a loan.  I will accept a cash deposit from anyone able to deposit $8500 into one of 430 bank branches in Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, South Dakota or Wisconsin.  Alternatively I will accept a wire if you pay the fees.

I reserve the right to accept a local offer or direct offer outside this forum.


This auction is an auction where the winner will agree to pay the highest fee as a percentage above btc-e last price.  The bidding starts at 1.00% above btc-e last price payable in either BTC or LTC at bidders choice.  I pay escrow fees.  I realize this is a little unorthodox so let me explain it again.

- Winning bidder receives BTC or LTC in amount of the bid as a percentage relative to btc-e last price.
- I get $8500 paid to my bank wither through direct deposit or wire

I am starting the bidding at 1% above btc-e because that is what I will need to pay the escrow agent.

Buy it now price is set at 15% above btc-e last price.


Proper form of a bid is:

I will pay 1.00% above btc-e and will accept LTC   
-or- 
I will pay 1.10% above btc-e and will accept BTC

Bids can be in 100th of a % increments.  (+0.01%)

Auction ends at 12 midnight east coast time on Thursday night (approximately 48 hours from this post) with wire or deposit to occur by 12 noon (EST) on Friday June 28.



If someone can more clearly state what I mean please do so and let the bidding begin!

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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June 26, 2013, 05:13:35 AM
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You expect someone to make a cash transfer to an unknown persons account, in an amount that triggers KYC review, and you expect a discount over exchange prices for the privilege?

Dream on dude.  Try starting with a 20% discount.
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June 26, 2013, 05:22:27 AM
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KYC doesn't apply to the person making the deposit, it applies to me the account holder.  Second the amount is $8500 which is $1500 less than the trigger.  I am not trying to smurf, I have a loan to pay off.  Finally I do not see the risk as I am paying the escrow fee. 

This is an offer for somebody who wants to buy BTC or LTC for "cash" using a well tested method of using an escrow agent. 
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June 26, 2013, 05:26:59 AM
 #4

What has the loan got to do with anything?
You are selling BTC/LTC for cash, correct?

Or do you not have any BTC/LTC yet and is that why you call it a loan?

É melhor esperar sentado
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June 26, 2013, 05:30:35 AM
 #5

Besides, if you have BTC you can always try localbitcoins and sell it to someone in your area with a nice premium.
Furthermore LTC you can change to BTC first and then sell it via localbitcoins.

É melhor esperar sentado
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June 26, 2013, 05:46:31 AM
 #6

I am trying to live in a cashless world.  I do not want to touch the money.  I want the debt cleared.  That is the purpose of this auction. 

I am not really interested in a list of options or ideas about how I might be able to accomplish my goal in this auction thread. 

If you have such advice please put it in this thread:
https://bitcointalk.org/index.php?topic=243108.0

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June 26, 2013, 05:50:59 AM
 #7

You want to eagerly get rid of some debt, which you have the assets (BTC) for, but you limit yourself to only one possible transaction in order to clear this debt.
You are strange.
Good luck!

Btw, something smells fishy.

É melhor esperar sentado
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June 26, 2013, 05:53:33 AM
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 Roll Eyes
seller (OP)
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June 26, 2013, 06:00:43 AM
 #9

Thread ends here.  Restarted to avoid un-wanted questions in the auction thread.

New auction here:  https://bitcointalk.org/index.php?topic=243176.0

Question and answer thread here:  https://bitcointalk.org/index.php?topic=243108.0
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