Can I pay off my loan without using FIAT before the end of the week?

[hambalan]

Yep, I that's what I seek.

What price are you looking for?

https://imageshack.us/a/img801/791/wn.png

[seller]

The highest one I can get for my coins, obviously.  Mt Gox + 10%.  What are you offering?

[Peter Lambert]

§ 3-603. TENDER OF PAYMENT.
(b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender
http://www.law.cornell.edu/ucc/3/3-603.html

If you tender a payment in BTC and it is kept( in which case it is assumed accepted ) or refused, the obligation will be discharged, following the UCC.

Would that only apply for legal tender? So if you offer them dollars for your debt and they say they don't want your dollars, then the debt is discharged, but if you offer them chickens (or bitcoins) and they refuse you still owe them the dollar amount?

[seller]

Kindly stay on track.  You can start your own thread to debate the law.  This is my thread about selling coin.  Who wants to buy?

[Geddi]

There is no third party just the buyer and my bank.  The buyer of the coins pays my debt by placing cash into my account.  You can make it sound more complicated if you want but I don't see the point.  

I see a point

http://www.bbc.co.uk/news/business-16549406

http://www.creditinfocenter.com/community/topic/257977-paying-on-someone-elses-loan-can-get-your-name-added-to-the-account/

[seller]

All I want is cash deposited in an account.  The bank doesn't even need your name.  Again you are trying to make this complicated, it is not.  I am selling coin to a person who is putting cash into a bank.  

The reason you find this odd is that apparently nobody has ever asked to sell their coin at a premium.  If you want cheap coins go buy them from gox.

[Peter Lambert]

Kindly stay on track.  You can start your own thread to debate the law.  This is my thread about selling coin.  Who wants to buy?

I think it is on-topic to discuss this. If he is right, then you could simply offer your bitcoins to your bank, no need for a middleman. If they refuse then you no longer have to pay the loan, and if they take the bitcoins then your plan has succeeded.

[TheAndy500]

Kindly stay on track.  You can start your own thread to debate the law.  This is my thread about selling coin.  Who wants to buy?

I think it is on-topic to discuss this. If he is right, then you could simply offer your bitcoins to your bank, no need for a middleman. If they refuse then you no longer have to pay the loan, and if they take the bitcoins then your plan has succeeded.

But then he doesn't get a 10% premium!

[seller]

Fair enough, I'll try to pay the loan with bitcoin and see what happens.  After clearing the note I will still have lots of coin to sell, at a premium...

[seller]

Auction ended without a winning bidder.

[legitnick]

To be honest, by the end of the week I do not see you paying this off. Best of luck, though.

[Peter Lambert]

Auction ended without a winning bidder.

That is not surprising, bitcoins have been trending down the past couple weeks, why would anybody pay you a premium for bitcoins when they can just wait and have their order filled lower next week?

[natbyte]

No surprise at all, your financial experiment failed, however it was worth a try. As they say nothing ventured nothing gained!

[seller]

No surprise at all, your financial experiment failed, however it was worth a try. As they say nothing ventured nothing gained!

+1

[TECHICENINE]

No surprise at all, your financial experiment failed, however it was worth a try. As they say nothing ventured nothing gained!

it only failed imho because he never clarified what he was offering on top to the person helping him~"..you get bitcoins."..lol