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[StackItUp]

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[BitcoinGirl.Club]

Hi,
I need some urgent btc, if anyone can lend for a week i would be thankfull
Loan amount : 0.06 btc
Term : 1 week. Total amount to be repaid: 0.0625BTC
Collateral: https://opensea.io/accounts/0x9426dded558f817cecb8a0bbf5f26c093358a367
Both rare stamps.
I want to have business with trusted members only, i will not send my collateral to someone new.

Cheers

I do not think these are valid form of collateral. Read the full post of the below quote:

What is considered collateral?

[StackItUp]

Hi,
I need some urgent btc, if anyone can lend for a week i would be thankfull
Loan amount : 0.06 btc
Term : 1 week. Total amount to be repaid: 0.0625BTC
Collateral: https://opensea.io/accounts/0x9426dded558f817cecb8a0bbf5f26c093358a367
Both rare stamps.
I want to have business with trusted members only, i will not send my collateral to someone new.

Cheers

I do not think these are valid form of collateral. Read the full post of the below quote:

What is considered collateral?

Yes, it is valid collateral. It is asset on a blockchain. If you think its not valid for you you can skip. Cheers

[actmyname]

I do not think these are valid form of collateral. Read the full post of the below quote:

What is considered collateral?

These are collectibles. I will take the side of StackItUp here and say that it is valid.

[StackItUp]

I do not think these are valid form of collateral. Read the full post of the below quote:

What is considered collateral?

These are collectibles. I will take the side of StackItUp here and say that it is valid.

Thank you.
I would estimate both stamps at 7.5 ETH at least. For someone who collects/understands stamps its a valid collateral.  i will repay a loan if its get filled. Thanks in advance

[yogg]

Yes, this is not considered as valid collateral to most lenders and as per the stickies.
However, I have taken a loan in the past with physical collectibles as collateral, so I wouldn't be surprised to see this happen again.

If some lender wants to do this, I can escrow the collateral physically.
I've done a couple of trades with StackItUp and everything always went well.

[StackItUp]

Yes, this is not considered as valid collateral to most lenders and as per the stickies.
However, I have taken a loan in the past with physical collectibles as collateral, so I wouldn't be surprised to see this happen again.

If some lender wants to do this, I can escrow the collateral physically.
I've done a couple of trades with StackItUp and everything always went well.

I am happy to use Yogg as escrow.
Collateral is digital, sending to escrow will take seconds.
Still need this loan to get filled.

[Timelord2067]

[Archive]

Collateral: https://opensea.io/accounts/0x9426dded558f817cecb8a0bbf5f26c093358a367

According to my QR scanner, both QR codes are just links to a website, they aren't priv keys (or pub keys for that matter).

[StackItUp]

[Archive]

Collateral: https://opensea.io/accounts/0x9426dded558f817cecb8a0bbf5f26c093358a367

According to my QR scanner, both QR codes are just links to a website, they aren't priv keys (or pub keys for that matter).

By scanninq QR codes you were directed to Austrian post website, as these stamps were officialy created by them.
Crypto.post.at you can verify stamps by their ID.
Austrian post have issued 150,000 stamps total.
Rarity of these two stamps are
1/10 (0.007% of supply)
And 1/53 (0.035% of supply)
Both are gems, onchain stamps with rarest property: "sold"
My blue stamp with 5 digit lenght ID is the rarest blue stamp  (10 only made) another with 6 digits is 1 from 53 on earth.
Both stamps are very rare, they are worth easy twice more as im asking.
I will repay the loan and take them back, i am collector myself.
I will probably repay more faster than 1 week. It could be a day or two, but to be sure all is perfect lets set a term for a week and ill be on time

ERC721 tokens , can be sent to escrow/lender ETH wallet

[Timelord2067]

Sadly I can't see what isn't there (codes you are refering to)

As to "sold" I guess the only other label would be not sold/taken without being paid for/something other.??

It's a little dubious to say because (whoever) sold it in the first place makes it rarer...

Good luck to you if you can see what isn't there.

I don't think anyone will accept them as collateral. (that's not to say they aren't collateral, just I doubt anyone here will accept them as collateral for your loan application),.

[StackItUp]

Sadly I can't see what isn't there (codes you are refering to)

As to "sold" I guess the only other label would be not sold/taken without being paid for/something other.??

It's a little dubious to say because (whoever) sold it in the first place makes it rarer...

Good luck to you if you can see what isn't there.

I don't think anyone will accept them as collateral. (that's not to say they aren't collateral, just I doubt anyone here will accept them as collateral for your loan application),.

Erc721 tokens are good collateral, easy to be moved. Thats what i think.
They are high valued assets, im not trying to borrow with shitty collateral, probably most of you just dont understand digital collectables. Same as people didnt understood bitcoin 8 years ago.
Answering, Yes, "sold" is the rarest onchain property. Most common property: none.
Sold means it was sold by austrian post and never redeamed. Having this digital asset you can get physical stamp shipped to you. I asked Krogo to comment on this, maybe he can explain more better with fluent english.

[StackItUp]

I found the lender, Krogothmanhatan will fill this loan request
1 week period, 0.06 btc, total to be repaid 0.0625 btc plus escrow fees
Waiting for mr Yogg to provide escrow address for ERC721 assets. Thank you both

[DireWolfM14]

I'm going to stick up for StackItUp in this situation.  I think the collateral he's offering is valid, but the trouble is the value of any collectible is subjective.  I won't say that the collateral he's offering can easily be sold for the value claimed, one would have to find the right buyer and that could take time.  But it does seem like they are worth what he's claiming based on other transactions I've seen for similar items.

But I do have a question for @StackItUp; it looks like you just bought those stamps a couple of days ago, did you not anticipate that purchasing them would put you in a financial bind?

[StackItUp]

I'm going to stick up for StackItUp in this situation.  I think the collateral he's offering is valid, but the trouble is the value of any collectible is subjective.  I won't say that the collateral he's offering can easily be sold for the value claimed, one would have to find the right buyer and that could take time.  But it does seem like they are worth what he's claiming based on other transactions I've seen for similar items.

But I do have a question for @StackItUp; it looks like you just bought those stamps a couple of days ago, did you not anticipate that purchasing them would put you in a financial bind?

Yes i did. I have bought them few days ago.
JanEmil was my escrow and he is a vitness i have paid more than i am asking.
I just need some urgent btc, i didnt knew this situation will show up before buying stamps.

P.s. my bitcoin address to receive this loan is : 3CsNdBFmgYrxCSrgVq3hHt6HyfLSncJwRj

[StackItUp]

This loan request got filled. No need anymore.
Thank you Krogothmanhatan
And thank you all for attention.

[yogg]

Waiting for mr Yogg to provide escrow address for ERC721 assets. Thank you both

I confirm that the collateral offered by StackItUp has been successfully secured.
We used the signed addresses that are listed in my escrow thread.
(These are the only addresses safe to use while escrowing with me, unless I provide another message signed by 1yogg7RkwrSsh1UNi5jw3oUALHBaP4KrX with a different address to escrow funds.)

Address labeled ETH1 : https://etherscan.io/address/0xf83e10465354c405ca492de3584544241ff93d06#tokentxnsErc721

Krogoth, you can proceed with the loan.

Thank you both.