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Author Topic: Loan request for 0.3 BTC  (Read 542 times)
Zapo (OP)
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October 03, 2018, 04:01:05 AM
Last edit: October 04, 2018, 06:31:11 AM by Zapo
 #1

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October 03, 2018, 04:38:17 AM
 #2

Hi Bitcointalk, I'm looking for a loan with these terms,

1. Loan amount: 0.3 BTC
2. Reason for the loan: Personal
3. Repayment amount: 0.4 BTC
4. Repayment date (GMT timezone):2 months
5. Collateral:None
6. Bitcoin address:3PMpFPGnJjBy9hMDKjBXFTH8vqp8oc1FN3

As for trustworthy factors, I've paid out ~3 BTC in campaigns and held up to 2 BTC at once.

Thank you!

Even though you have paid out btc in campaigns (havent got the chance to go through and confirm this), this still carries risk that the lender may want to mitigate since the BTC value may go up in the next 2 months. If it does, or if it spiral out of control like it did last year, you probably wont be able to pay that amount back and would likely default. Its not the same as handling btc for campaigns since with this loan youre likely going to convert it to USD, gamble, buy or pay bills, etc (not saying youre going to do these things but just listing examples) while with campaigns, youre just holding on and paying out btc and not converting it to another currency or using it for other means. Providing collateral allows the lender to mitigate the risk. If they agree to tie the amount to USD, then that would be a different story, but most lenders try not to have it tied to USD.
Zapo (OP)
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October 03, 2018, 04:49:44 AM
Last edit: October 03, 2018, 05:02:34 AM by Zapo
 #3

Even though you have paid out btc in campaigns (havent got the chance to go through and confirm this), this still carries risk that the lender may want to mitigate since the BTC value may go up in the next 2 months. If it does, or if it spiral out of control like it did last year, you probably wont be able to pay that amount back and would likely default. Its not the same as handling btc for campaigns since with this loan youre likely going to convert it to USD, gamble, buy or pay bills, etc (not saying youre going to do these things but just listing examples) while with campaigns, youre just holding on and paying out btc and not converting it to another currency or using it for other means. Providing collateral allows the lender to mitigate the risk. If they agree to tie the amount to USD, then that would be a different story, but most lenders try not to have it tied to USD.

I'll be converting the BTC into USD for the purpose of paying bills and making purchases, but I will be paid a set BTC amount by my employers, so this is why I'm asking for this loan tied to BTC.

I'm more than happy to re-negotiate loan terms, making everyone happy.


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October 03, 2018, 11:55:21 AM
 #4

Hi Bitcointalk, I'm looking for a loan with these terms,

1. Loan amount: 0.3 BTC
2. Reason for the loan: Personal
3. Repayment amount: 0.4 BTC
4. Repayment date (GMT timezone):2 months
5. Collateral:None
6. Bitcoin address:3PMpFPGnJjBy9hMDKjBXFTH8vqp8oc1FN3

As for trustworthy factors, I've paid out ~3 BTC in campaigns and held up to 2 BTC at once.

Thank you!

I found the public has access only to the following address where you held fund:

https://www.blockchain.com/btc/address/17wW3y8HgcRACw6e8wjB5bkuc1CFJzvRQM
https://www.blockchain.com/btc/address/14cJEUeGm157ok88ouskfDGwbSmzf2Kgcr

Total 1.76BTC

This is  also a large amount, and I wonder how  advertisers trust to you(a whole newbie without history) such amount.
So if you want borrow, I would advise you , ask your employer at least vouch for you.

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Zapo (OP)
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October 03, 2018, 12:00:36 PM
 #5

Hi Bitcointalk, I'm looking for a loan with these terms,

1. Loan amount: 0.3 BTC
2. Reason for the loan: Personal
3. Repayment amount: 0.4 BTC
4. Repayment date (GMT timezone):2 months
5. Collateral:None
6. Bitcoin address:3PMpFPGnJjBy9hMDKjBXFTH8vqp8oc1FN3

As for trustworthy factors, I've paid out ~3 BTC in campaigns and held up to 2 BTC at once.

Thank you!

I found the public has access only to the following address where you held fund:

https://www.blockchain.com/btc/address/17wW3y8HgcRACw6e8wjB5bkuc1CFJzvRQM
https://www.blockchain.com/btc/address/14cJEUeGm157ok88ouskfDGwbSmzf2Kgcr

Total 1.76BTC

This is  also a large amount, and I wonder how advertisers trust to you(a whole newbie without history) such amount.
So if you want borrow, I would advise you , ask your employer at least vouch for you.
Hi zazarb,

I didn't bother with changing the escrow address weekly, because of the wallet I use changes addresses everytime I send a TXID. For example, here is a TXID thats not from an address listed in the OP.

Quick update!

Was refilled by devs via https://www.blocktrail.com/BTC/tx/13900245d8b37c3b5177647e808b65eb2cd9bff69919d4380b9d8c5946c064ad

Sorry for the delay, Eddie was flying to Dubai for a meeting with some investors.

Payments will be made within an hour! Thanks for your patience.

I guess, a stroke of luck, a lot of planning and talking landed me this job. I would get my employer to vouch for me, but he isn't on Bitcointalk, and is quite busy with investor meetings regarding their ICO.

Thank you for your input!

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October 04, 2018, 06:25:53 AM
 #6

As for trustworthy factors, I've paid out ~3 BTC in campaigns and held up to 2 BTC at once.
That's it. For trustworthy factors: Zapo is aTriz. This is crucial information anyone should know before considering a loan.

I figured this out when Zapo started 2 big signature campaigns, and it's confirmed by both aTriz and Zapo on Telegram. I wanted to give him a chance to redeem himself, while keeping an eye on him and maybe even work together in the future. I also thought of it as "guiding" him a bit, as he could be a great asset to the forum without making the wrong steps. I like aTriz, he's always been friendly to me, he's a good campaign manager, but if he's going to ask for loans, I can't in good conscience allow him to hide his other forum identity.

Zapo opened a thread on "Long term offers" a month ago, in which I made a subtle comment: "Don't.". We discussed this on Telegram. Now I'm done being subtle.

I hate to do this, and I'm fully aware I'm destroying Zapo's reputation. He's done good things from this account.
I'll open a Reputation thread later, I have to go now.

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