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

[Tomatocage]

Do you accept CGB as a collateral?

No, sorry. Currently only LTC, XPM, and mcxFEE shares.

[AlexC]

Hi Tomatocage,
What BTC address do you want me to payback my loan to?

/Alex

[Tomatocage]

Hi Tomatocage,
What BTC address do you want me to payback my loan to?

/Alex

Please return 1.751 BTC to:

1H3qSm2fjYXuejLSu2ZhVdtUedknSkkhgu

Thanks!

[AlexC]

Hi Tomatocage,

1.76 BTC returned as agreed. Transaction ID is https://blockchain.info/address/1H3qSm2fjYXuejLSu2ZhVdtUedknSkkhgu

Thanks for the loan
  /AlexC

[Tomatocage]

Sent back your 2 mcxFEE shares. Thanks for the tip!

[AlexC]

Sent back your 2 mcxFEE shares. Thanks for the tip!

Confirmed, i have received the 2 mcxFEE shares.

Thanks for the loan, I will properly be back if that is OK?

/AlexC

[Nast]

Example Request
Amount requested:0.30
Purpose: Opening Gameservers NEED Some money to start up with
Term: 5 Days Tops
Trusted?: What ever you need, i dont have share or ltc i can show id and all verifications

[Magazine]

Example Request
Amount requested:0.30
Purpose: Opening Gameservers NEED Some money to start up with
Term: 5 Days Tops
Trusted?: What ever you need, i dont have share or ltc i can show id and all verifications

I will just go ahead and say no to this loan for OP since that's what he will do.

[cyclops]

Example Request
Amount requested:0.30
Purpose: Opening Gameservers NEED Some money to start up with
Term: 5 Days Tops
Trusted?: What ever you need, i dont have share or ltc i can show id and all verifications

He says collateral is required...

[Tomatocage]

Example Request
Amount requested:0.30
Purpose: Opening Gameservers NEED Some money to start up with
Term: 5 Days Tops
Trusted?: What ever you need, i dont have share or ltc i can show id and all verifications

Sorry, but I can only accept LTC, mcxNOW shares, or XPM for collateral. As your privacy is of utmost importance to me, I can not accept and do not want your ID.

[pokerman]

Forgive me if I am missing something but how is this a viable business.

If the price of the Litecoins, Primecoins, or mcxFEE shares decrease by over 20% during the loan period the borrower could purposefully default on the loan to essentially ensure a maximum of 20% loss on their collateral.
If the price of the Litecoins, Primecoins, or mcxFEE shares don't fall below 20% of the price set when the loan took place then you would simply pay back the BTC with zero interest.

[Tomatocage]

Forgive me if I am missing something but how is this a viable business.

If the price of the Litecoins, Primecoins, or mcxFEE shares decrease by over 20% during the loan period the borrower could purposefully default on the loan to essentially ensure a maximum of 20% loss on their collateral.

This is exactly the risk I take and why I try to limit the loan term to 1 week.

If the price of the Litecoins, Primecoins, or mcxFEE shares don't fall below 20% of the price set when the loan took place then you would simply pay back the BTC with zero interest.

Yeah, pretty much. It's more of a service than a money-making method for me. Tips are always welcome though

[ishkur]

Looking for a potential loan, but pricing for my collateral fluxuates so let me know

I have 10 AM-PT shares on havelock..

[Tomatocage]

Looking for a potential loan, but pricing for my collateral fluxuates so let me know

I have 10 AM-PT shares on havelock..

Sorry man, I can't take those as collateral. Only LTC, XPM, and mcxFEE shares at the moment.

[Lauda]

If you insist on collateral at least accept more ways of providing it/more coins.

[Kouye]

If you insist on collateral at least accept more ways of providing it/more coins.

Agreed, why don't you accept peanuts as collateral?

[Lauda]

If you insist on collateral at least accept more ways of providing it/more coins.

Agreed, why don't you accept peanuts as collateral?

They are quite expensive in some countries, enough has been said.

[Tomatocage]

If you insist on collateral at least accept more ways of providing it/more coins.

I don't really have the time or interest to download 50 million different alt coin clients.

[AlexC]

Hi,

I would like to apply for another loan here.

Amount requested : 1.81BTC@1N8F6SnRLQaSgkHCD9QkMiDxHrTysMiU8g
payback : 1.82BTC  includes transfer fee coverage.
payback address : 1H3qSm2fjYXuejLSu2ZhVdtUedknSkkhgu
payback date : Wednesday 11/27/2013
Collateral  : I have already trasfered 8 x mcxFEE shares to TCEscrow on mcxnow.com to
                 optimize handshake procedure here, hope this is OK. If you choose not to
                 make this loan, just return the 8 x mcxFEE shares to AlexC.

Please tell me if i have to correct the payback address.


Thanks
 AlexC

[Lauda]

If you insist on collateral at least accept more ways of providing it/more coins.

I don't really have the time or interest to download 50 million different alt coin clients.

Having 5 clients is nothing.