[CLOSED] Tomatocage's 1% interest loans, up to 20 BTC (collateral required)

[Tomatocage]

Your loan is tantamount to saying, I'll lend you $100 US dollars, if you give me $120 Canadian dollars.

And especially since I can take my $120 Canadian dollars, and go to the bank and exchange them for the $100 US dollars I needed in the first place.

Not everybody wants to get rid of their LTC with the forthcoming adoption by MtGox. Sure, sell your LTC for BTC today, and tomorrow MtGox goes live with their LTC support and they shoot up to $10 per LTC.

[AndrewWilliams]

It's all good 'cage, just having some fun with my rant

[AniceInovation]

Denied

[saif313]

Will you take my dog as collateral instead of LTC?  He is well groomed and needs to be walked only twice per day.

I would be willing to fatten him up if necessary to provide additional collateral.  He presently weighs 20 pounds but I can get him up to 28 prior to our closing.

(note - recommend you not remove the muzzle except at feeding time)

lol this guy...

one of funniest post on this thread because I have some laugh for this

[Jenger]

Most places that will accept collateral for loans will only loan a percentage of what the item is worth, not full value. Go to a pawn shop with a computer, do you think that they will loan you for full value of that computer? No way, otherwise, that's an easy sell on your end and the pawn shop would be out of business for lending people full value. ALSO pawn shops charge interest on the money loaned, too!

I am sure tomatocage would accept other forms of collateral as long as the value is there and resale is an option to make back your loses (and usually some more for the hassle of now having to sell / dump collateral to regain the loan value back - time is money!)

So for all you haters out there, this isn't the worst terms for a loan by far.

[1000000]

Terms

• You must supply collateral before receiving a loan
• Collateral must be in the form of Litecoins or mcxFEE shares (mcxNOW.com)
• The amount of collateral will be 20% more than you're borrowing (ie. in order to borrow 10 BTC, you must supply 12 BTC worth of Litecoins at current market value). Likewise for mcxFEE shares.
• All loans are for a period of one week, unless agreed upon otherwise
• You must pay all transaction fees (I can't do this for 0% interest and eat Tx fees)
• All collateral transfers must be from an address that YOU control

Amount requested: 1 BTC
Purpose: I don't care
Term: 1 week
Trusted?: I don't care

[Tomatocage]

Amount requested: 1 BTC
Purpose: I don't care
Term: 1 week
Trusted?: I don't care

I'm not in front of a computer right now, but collateral for this will be 64 LTC. I'll reply to this thread with a deposit address for public record once I get to a real computer.

[AlexC]

Hi,

Would like to try this.

Amount requested : 1.38 BTC@1GZDLq9o1vcpAHroEqNZgyKV732APZs2jE
payback : 1.381BTC  includes transfer fee coverage. What address ?
payback date : Monday 10/14/2013
Collateral : I can supply 2 x mcxFEE share. What nickname do i transfer them to?

/AlexC

[Tomatocage]

Terms

• You must supply collateral before receiving a loan
• Collateral must be in the form of Litecoins or mcxFEE shares (mcxNOW.com)
• The amount of collateral will be 20% more than you're borrowing (ie. in order to borrow 10 BTC, you must supply 12 BTC worth of Litecoins at current market value). Likewise for mcxFEE shares.
• All loans are for a period of one week, unless agreed upon otherwise
• You must pay all transaction fees (I can't do this for 0% interest and eat Tx fees)
• All collateral transfers must be from an address that YOU control

Amount requested: 1 BTC
Purpose: I don't care
Term: 1 week
Trusted?: I don't care

Please send 68 LTC to LXisCxih8c5BMD13jXUJXGYAhbsLhBbMiS for collateral. And send me your BTC address to send 1.0 BTC to once I receive it.

[Tomatocage]

Hi,

Would like to try this.

Amount requested : 1.38 BTC@1GZDLq9o1vcpAHroEqNZgyKV732APZs2jE
payback : 1.381BTC  includes transfer fee coverage. What address ?
payback date : Monday 10/14/2013
Collateral : I can supply 2 x mcxFEE share. What nickname do i transfer them to?

/AlexC

Please send 95 LTC to LfQdeoR4smrY7xypcoYRofcVgsx7pDrS7R 2 mcxFEE to TCEscrow on mcxNOW.com. I will send 1.38 BTC to 1GZDLq9o1vcpAHroEqNZgyKV732APZs2jE after I receive it.

[Tomatocage]

Going to sleep now, so if you make a collateral deposit but don't receive your coins, it just means I skipped town with your money (kidding!). I'll check the addresses when I wake up

[🏰 TradeFortress 🏰]

Would be interesting to know if you're still in the green?

[AlexC]

Hi,

Would like to try this.

Amount requested : 1.38 BTC@1GZDLq9o1vcpAHroEqNZgyKV732APZs2jE
payback : 1.381BTC  includes transfer fee coverage. What address ?
payback date : Monday 10/14/2013
Collateral : I can supply 2 x mcxFEE share. What nickname do i transfer them to?

/AlexC

Please send 95 LTC to LfQdeoR4smrY7xypcoYRofcVgsx7pDrS7R 2 mcxFEE to TCEscrow on mcxNOW.com. I will send 1.38 BTC to 1GZDLq9o1vcpAHroEqNZgyKV732APZs2jE after I receive it.

Two mcxFEE transfered to TCEscrow with on Sat Sep 28 2013 10:49:33

/AlexC

[1000000]

Terms

• You must supply collateral before receiving a loan
• Collateral must be in the form of Litecoins or mcxFEE shares (mcxNOW.com)
• The amount of collateral will be 20% more than you're borrowing (ie. in order to borrow 10 BTC, you must supply 12 BTC worth of Litecoins at current market value). Likewise for mcxFEE shares.
• All loans are for a period of one week, unless agreed upon otherwise
• You must pay all transaction fees (I can't do this for 0% interest and eat Tx fees)
• All collateral transfers must be from an address that YOU control

Amount requested: 1 BTC
Purpose: I don't care
Term: 1 week
Trusted?: I don't care

Please send 68 LTC to LXisCxih8c5BMD13jXUJXGYAhbsLhBbMiS for collateral. And send me your BTC address to send 1.0 BTC to once I receive it.

68 LTC sent: 62a1fb770011282fceed4174dbc3ff02669c5d9c79c7aeb42a985b8c755d2530
BTC address: 1Fk6CTXbDCJmBhq73eHE2mQ86PtTFEVfrd

[Tomatocage]

Good morning! I'm awake now and will be sending out BTC to the both of you  in a minute.

Edit: Not sure why but it's wanting to download the entire blockchain again, even though I was fully caught up last night before I went to bed. This is going to take a bit.

[Dabs]

Can I send you bitcoins to loan me litecoins?

[n00ber]

Except litecoin, do you accept other alt coins as collateral?

[Tomatocage]

Sent to AlexC (due Oct 14, 2013): d3534f7d4b77e4fb5d3860e3a9fcddbd5c528255b8a6999b71247eb8afa8cf54
Sent to 1000000 (due Oct 5, 2013): fe24243ea289cef474c602e2d962ac3e80f2d348ecf74338c9bf6d14ca01586e

[AlexC]

Confirmed

[1000000]

Sent to 1000000 (due Oct 5, 2013): fe24243ea289cef474c602e2d962ac3e80f2d348ecf74338c9bf6d14ca01586e

Received, thanks.