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Author Topic: 0.8BTC - Collateral: BuySellAds Account with $7k Balance (200%~ liquid value)  (Read 208 times)
BenCodie (OP)
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March 25, 2019, 07:34:48 AM
 #1

Amount Requested: 0.8BTC
Collateral Value: $6300 USD absolute minimum (200%~ info below)
Length: 2 Months (most likely going to repay a lot sooner, but 1 month to be safe!)
nterest: 10% (0.88BTC total repayment)
Reason: Looking to unlock the value of my idle buysellads account so that I am able to use it toward other ventures during this month, instead of it collecting age gaining no returns.

I am currently consulting escrows who would be willing to hold this account for the duration of the loan.

Collateral Information
BuySellAds.com Advertiser Account with $7,000 USD balance - minimum $6300 USD Value (1.64 BTC~)

I loaded the account with BTC around some time ago. I was originally saving it for any high potential projects worth promoting but as the market took a turn for the worse, I have not yet had the opportunity to use the balance. The balance is not able to be directly withdrawn from the account, though should not be an issue to liquidate here in the form of directly selling the account, or proxy selling ads with/without a discount.
This account would sell a lot faster on any affiliate community forum such as warriorforum, stackthatmoney etc. with a 5-10% discount from the balance hence the estimation. 10% discount being the most one would have to offer to sell the account or proxy sell campaigns.

Escrowing/taking over the account requires no verification or risk of closure. Proof that I am the original owner is of course available.

I am not looking to sell the account, but rather unlock its value until I have a use for it. Hopefully this is possible.
shasan
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March 25, 2019, 08:04:27 AM
 #2

Hopefully this is possible.
I don't think it is possible. After sending the collateral you may recover by the social engineer by telling that all the info has been hacked and as you are the real owner you should have all the proof of that. In that case, I think giving you the loan by taking it as collateral is same to give you the loan without collateral.

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BenCodie (OP)
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March 25, 2019, 12:23:12 PM
 #3

Hopefully this is possible.
I don't think it is possible. After sending the collateral you may recover by the social engineer by telling that all the info has been hacked and as you are the real owner you should have all the proof of that. In that case, I think giving you the loan by taking it as collateral is same to give you the loan without collateral.
The social engineering is not possible. "the account is hacked"? Really? You can quite literally refer to this thread if that were to happen and BSA would quite quickly turn the account back to the escrow.
That would ultimately destroy my bitcointalk account, probably get me in trouble with BuySellAds (resulting in losing the balance in the account anyway) and who knows how many other consequences.
Anyway, thanks for your ultra-skeptical input  Roll Eyes Roll Eyes But I have to disagree with majority of your post due to it being most likely impossible, pointless and pretty much a waste of time for anyone, even a thief, to attempt.
condoras
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March 25, 2019, 12:45:56 PM
 #4

...due to it being most likely impossible, pointless and pretty much a waste of time for anyone, even a thief, to attempt.

On the contrary, i would say and history proves it easily. No offense but we have seen attempts for far less amounts with far better forum accounts and digital collateral like domains etc.

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.Duelbits.
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shasan
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March 25, 2019, 12:48:52 PM
 #5

The social engineering is not possible. "the account is hacked"?
You may tell that.
Really?
They will justify by your provided info.

You can quite literally refer to this thread if that were to happen and BSA would quite quickly turn the account back to the escrow.
I don't think they will contact the current owner as they think it has really been hacked. And I don't think they allow to sell or give that as collateral

That would ultimately destroy my bitcointalk account
If it is your real account then emotionally you will lose a lot. But nowadays we can see on different thread your account is not too much worthy. And I told it will be the same as non-collateral. If we think about your account then why collateral. There are a lot of example legendaries default 0.05BTC only.

probably get me in trouble with BuySellAds (resulting in losing the balance in the account anyway) and who knows how many other consequences.
No idea about it. But it will not be helpful for the lender.

Anyway, thanks for your ultra-skeptical input  Roll Eyes Roll Eyes But I have to disagree with majority of your post due to it being most likely impossible, pointless and pretty much a waste of time for anyone, even a thief, to attempt.
My opinion and opinion of you will be the same it is not necessary. You have posted your opinion which I replied. I do not agree with your opinion that's why I have given mine. If any lender thinks the collateral is okay, then obviously s/he will give you the loan and will never consider my opinion.

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.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
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.
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VS
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/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
BenCodie (OP)
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6.25 ---> 3.125


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March 26, 2019, 12:23:49 AM
 #6

Closed. Can not be bothered continually justifying. Simply do not have the time
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