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Author Topic: [CLOSED] URGENT LOAN NEEDED | COLLATERAL IS PRIMECOIN [XPM]  (Read 111 times)
alamin99
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May 08, 2018, 07:19:12 AM
Last edit: May 08, 2018, 10:47:41 PM by alamin99
 #1

Loan Amount: 0.7 BTC
Repayment amount: 0.75 BTC
Repayment date: June 1, 2018 or earlier
Collateral: Private key of Primecoin address that holds 2555.555 XPM
Reason: I'm holding XPM in paper wallet and the windows wallet needs few days to fully sync but I need some BTC today for some personal reason
BTC Address: 1ArWCNezbaC9v4u2pmuJTfZxfC4zHhc5TJ

Proof of Collateral:
Code:
Address: AWxzY7MChVrtfsbjhTwtUUHByk4YEHnxds
Message: Proof of collateral - My XPM Address.
Signature: G7ni/ZytmS93ob8f8C2K8uPVT2dL79wdBT0yiRi8xhi7hOKQNZ+r9vafcuHFtW18p2H+MswaG4EDEV0wQw8/iSg=

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May 08, 2018, 07:49:29 AM
 #2

Loan Amount: 0.7 BTC
Repayment amount: 0.75 BTC
Repayment date: June 1, 2018 or earlier
Collateral: Private key of Primecoin address that holds 2555.555 XPM
Reason: I'm holding XPM in paper wallet and the windows wallet needs few days to fully sync but I need some BTC today for some personal reason
BTC Address: 1ArWCNezbaC9v4u2pmuJTfZxfC4zHhc5TJ

Proof of Collateral:
Code:
Address: AWxzY7MChVrtfsbjhTwtUUHByk4YEHnxds
Message: Proof of collateral - My XPM Address.
Signature: G7ni/ZytmS93ob8f8C2K8uPVT2dL79wdBT0yiRi8xhi7hOKQNZ+r9vafcuHFtW18p2H+MswaG4EDEV0wQw8/iSg=

According to Cryptopia 2555.555 XPM is worth 0.00027455 each so that would come in at just on BTC 0.70162763

To paraphrase Quickseller people would be looking for about 110% - 125% of the value of the loan amount as collateral.  Plus two persons having the Private Key of the collateral opens it up to he said / she said if the funds were to go walkabout.

Timelord2067's Timely Test and Main-neT LighTning Loans to a "T"
https://bitcointalk.org/index.php?topic=5184177.0;dt
main-net BTC 0.0001 loans, test-net BTC 0.001 loans 1% seven days max.
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May 08, 2018, 07:59:03 AM
 #3

Loan Amount: 0.7 BTC
Repayment amount: 0.75 BTC
Repayment date: June 1, 2018 or earlier
Collateral: Private key of Primecoin address that holds 2555.555 XPM
Reason: I'm holding XPM in paper wallet and the windows wallet needs few days to fully sync but I need some BTC today for some personal reason
BTC Address: 1ArWCNezbaC9v4u2pmuJTfZxfC4zHhc5TJ

Proof of Collateral:
Code:
Address: AWxzY7MChVrtfsbjhTwtUUHByk4YEHnxds
Message: Proof of collateral - My XPM Address.
Signature: G7ni/ZytmS93ob8f8C2K8uPVT2dL79wdBT0yiRi8xhi7hOKQNZ+r9vafcuHFtW18p2H+MswaG4EDEV0wQw8/iSg=

I can provide 0.15 if needed, maybe in a week i can cover all of it

alamin99
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May 08, 2018, 11:49:32 AM
 #4

Loan Amount: 0.7 BTC
Repayment amount: 0.75 BTC
Repayment date: June 1, 2018 or earlier
Collateral: Private key of Primecoin address that holds 2555.555 XPM
Reason: I'm holding XPM in paper wallet and the windows wallet needs few days to fully sync but I need some BTC today for some personal reason
BTC Address: 1ArWCNezbaC9v4u2pmuJTfZxfC4zHhc5TJ

Proof of Collateral:
Code:
Address: AWxzY7MChVrtfsbjhTwtUUHByk4YEHnxds
Message: Proof of collateral - My XPM Address.
Signature: G7ni/ZytmS93ob8f8C2K8uPVT2dL79wdBT0yiRi8xhi7hOKQNZ+r9vafcuHFtW18p2H+MswaG4EDEV0wQw8/iSg=

According to Cryptopia 2555.555 XPM is worth 0.00027455 each so that would come in at just on BTC 0.70162763

To paraphrase Quickseller people would be looking for about 110% - 125% of the value of the loan amount as collateral.  Plus two persons having the Private Key of the collateral opens it up to he said / she said if the funds were to go walkabout.
Well, I can also take 0.65 BTC and about the private key, I meant the lender will transfer that 2555.555 XPM into his own wallet using my private key.

Loan Amount: 0.7 BTC
Repayment amount: 0.75 BTC
Repayment date: June 1, 2018 or earlier
Collateral: Private key of Primecoin address that holds 2555.555 XPM
Reason: I'm holding XPM in paper wallet and the windows wallet needs few days to fully sync but I need some BTC today for some personal reason
BTC Address: 1ArWCNezbaC9v4u2pmuJTfZxfC4zHhc5TJ

Proof of Collateral:
Code:
Address: AWxzY7MChVrtfsbjhTwtUUHByk4YEHnxds
Message: Proof of collateral - My XPM Address.
Signature: G7ni/ZytmS93ob8f8C2K8uPVT2dL79wdBT0yiRi8xhi7hOKQNZ+r9vafcuHFtW18p2H+MswaG4EDEV0wQw8/iSg=

I can provide 0.15 if needed, maybe in a week i can cover all of it
0.15 BTC, too low unfortunately. Sad

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May 08, 2018, 01:25:41 PM
 #5

Loan Amount: 0.7 BTC
Repayment amount: 0.75 BTC
Repayment date: June 1, 2018 or earlier
Collateral: Private key of Primecoin address that holds 2555.555 XPM
Reason: I'm holding XPM in paper wallet and the windows wallet needs few days to fully sync but I need some BTC today for some personal reason
BTC Address: 1ArWCNezbaC9v4u2pmuJTfZxfC4zHhc5TJ

Proof of Collateral:
Code:
Address: AWxzY7MChVrtfsbjhTwtUUHByk4YEHnxds
Message: Proof of collateral - My XPM Address.
Signature: G7ni/ZytmS93ob8f8C2K8uPVT2dL79wdBT0yiRi8xhi7hOKQNZ+r9vafcuHFtW18p2H+MswaG4EDEV0wQw8/iSg=

A private key to an address isnt exactly valid collateral. Sure the lender could sweep the coins into their own address but who to say that you wont do the same once you receive the loan? Any reason why you would provide the private key? Maybe you should send the coins to the lender instead of providing it to them.
alamin99
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May 08, 2018, 01:37:50 PM
 #6

Loan Amount: 0.7 BTC
Repayment amount: 0.75 BTC
Repayment date: June 1, 2018 or earlier
Collateral: Private key of Primecoin address that holds 2555.555 XPM
Reason: I'm holding XPM in paper wallet and the windows wallet needs few days to fully sync but I need some BTC today for some personal reason
BTC Address: 1ArWCNezbaC9v4u2pmuJTfZxfC4zHhc5TJ

Proof of Collateral:
Code:
Address: AWxzY7MChVrtfsbjhTwtUUHByk4YEHnxds
Message: Proof of collateral - My XPM Address.
Signature: G7ni/ZytmS93ob8f8C2K8uPVT2dL79wdBT0yiRi8xhi7hOKQNZ+r9vafcuHFtW18p2H+MswaG4EDEV0wQw8/iSg=

A private key to an address isnt exactly valid collateral. Sure the lender could sweep the coins into their own address but who to say that you wont do the same once you receive the loan? Any reason why you would provide the private key? Maybe you should send the coins to the lender instead of providing it to them.
Private key will be used to take the coin. TBH, I would sell those coins but that wallet won't sync before an week so if anyone can take the XPM using my private key and hold it as collateral, it'll be just fine.

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May 08, 2018, 01:40:46 PM
Merited by Timelord2067 (1)
 #7

Looks like XPM dropped quite a bit since Timelord's post. You might want to rethink your request.

Also, warning to any potential lenders, there isn't much depth for XPM: (last price was 0.00025051)


alamin99
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May 08, 2018, 10:47:54 PM
 #8

Solved.

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