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Author Topic: 0.0168 BTC loan, 10%, 8 weeks.  (Read 427 times)
BenCodie (OP)
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September 11, 2023, 12:01:32 PM
Last edit: November 11, 2023, 12:31:00 AM by BenCodie
 #1

did loan under shasan's terms

op:

Amount: 0.0168 BTC ($429 value at time of this post)
Purpose: Personal
Repayment amount: $472 worth of BTC (spot price at time of repayment).
Repayment date: By November 7 (8 weeks, can be up to 2 weeks sooner.
BTC address: bc1qs4f4q7cvs80cfdw46wukcflm9h3n4qky3xngpa
Note: I can make repayment in other blockchains if preferred (at spot price of repayment amount on repayment date).

The lender should know that there is a level of volatility with this loan which applies to both parties since the loan is in BTC, and the repayment is in USD.
If the BTC price drops 50%, the borrower pays double the amount of BTC lent.
If the BTC price rises 100%, the lender receives 50% less BTC than lent.

I am happy with this volatility and have factored it into my budget. It is assumed the lender is too if they go ahead with the loan Smiley

More details:

All of these posts have bullish bias. Obviously if you are not happy with the volatility because you think price will go up, then you won't take the deal.

Though if one is happy with the volatility and sees that in a bearish scenario, you can make more than just the interest in BTC, then that's when this loan would be filled.

Anyone who is:
- Bullish in the 8 week period will not want to do this due to the "higher risk" of losing BTC value.
- Bullish long-term but are bearish in an 8 week period will see the benefit for us both in a scenario where price falls further.
- Bearish mid-long term is irrelevant to the matter (and probably wrong).

... and blindly bullish (think that downside is certainly not possible on an 8-week term) look exactly like this:

Because he expects BTC to pump, and he wants to pocket some at the lender's expense.  

Are you really so certain about BTC's 8-week performance that you can't see the other side of the coin or are you assuming that is my goal? I guess you're a "glass half empty" kind of person. Or is something else the matter?

You should leave me with a negative trust rating if really believe that "pocketing btc at the lenders expense" is the only possible outcome in this deal.

Personally, I am not bullish. I am bearish - on the 8 week outlook. Of course, I am bullish on Bitcoin in the mid to long term.

Any lender who shared this view will understand the benefits for us both (I get the loan, he gets more coins + interest) - Thus the risk; if the price rises, he loses out on some coins (he does get the interest to potentially make up for that though) and my loss is capped at 10% in usd value.

The only volatility I can see is the OP trying to slam a well respected member and picking up three or four distrusts for their skewered interpretation of what constitutes trust.

Good one Smiley




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September 11, 2023, 12:59:06 PM
 #2

The lender should know that there is a level of volatility with this loan which applies to both parties since the loan is in BTC, and the repayment is in USD.
If the BTC price drops 50%, the borrower pays double the amount of BTC lent.
If the BTC price rises 100%, the lender receives 50% less BTC than lent.
I have not seen a lender to lend their money this way before and doubt anyone will do. You are not offering them anything interesting. BTC price is down already which means giving your BTC means they will lose their stash after 8 weeks. Who cares the USD value especially the lenders in Bitcointalk.

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September 11, 2023, 01:35:17 PM
 #3

I am happy with this volatility and have factored it into my budget. It is assumed the lender is too if they go ahead with the loan Smiley

I'll bet you are happy with the volatility if you're bullish on bitcoin.  The first question that I had when I read your request is why you wouldn't just borrow some stable coin, but I think the rest of your post answers that question.   Roll Eyes

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September 11, 2023, 02:28:54 PM
 #4

Am not much into leverage trading but I guess for people used to it should be quite easy to counter-trade on this loan to minimize or even avoid the risk of price fluctuation.
From a lender perspective I would not take it but am curious to see if someone is willing to do.
Good luck with it.

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September 11, 2023, 02:43:27 PM
Last edit: September 12, 2023, 11:38:40 AM by BabyBandit
 #5

May I ask what is the difference to have the amount to pay back in USD and not BTC? What is the pros and cons to this?
I understand the repayment will be in BTC. But why rather have $472 instead of example 0,020BTC

Thanks for the reply DireWolfM14.

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September 11, 2023, 02:54:00 PM
Merited by DaveF (2)
 #6

May I ask what is the difference to have the amount to pay back in USD and not BTC? What is the pros and cons to this?
I understand the repayment will be in BTC. But why rather have $472 instead of example 0,020BTC

Because he expects BTC to pump, and he wants to pocket some at the lender's expense. 

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September 12, 2023, 01:40:21 AM
 #7

The only volatility I can see is the OP trying to slam a well respected member and picking up three or four distrusts for their skewered interpretation of what constitutes trust.

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September 14, 2023, 09:42:15 AM
Last edit: September 14, 2023, 10:33:57 AM by BenCodie
 #8

All of these posts have bullish bias. Obviously if you are not happy with the volatility because you think price will go up, then you won't take the deal.

Though if one is happy with the volatility and sees that in a bearish scenario, you can make more than just the interest in BTC, then that's when this loan would be filled.

Anyone who is:
- Bullish in the 8 week period will not want to do this due to the "higher risk" of losing BTC value.
- Bullish long-term but are bearish in an 8 week period will see the benefit for us both in a scenario where price falls further.
- Bearish mid-long term is irrelevant to the matter (and probably wrong).

... and blindly bullish (think that downside is certainly not possible on an 8-week term) look exactly like this:

Because he expects BTC to pump, and he wants to pocket some at the lender's expense. 

Are you really so certain about BTC's 8-week performance that you can't see the other side of the coin or are you assuming that is my goal? I guess you're a "glass half empty" kind of person. Or is something else the matter?

You should leave me with a negative trust rating if really believe that "pocketing btc at the lenders expense" is the only possible outcome in this deal.

Personally, I am not bullish. I am bearish - on the 8 week outlook. Of course, I am bullish on Bitcoin in the mid to long term.

Any lender who shared this view will understand the benefits for us both (I get the loan, he gets more coins + interest) - Thus the risk; if the price rises, he loses out on some coins (he does get the interest to potentially make up for that though) and my loss is capped at 10% in usd value.

The only volatility I can see is the OP trying to slam a well respected member and picking up three or four distrusts for their skewered interpretation of what constitutes trust.

Good one Smiley
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September 14, 2023, 02:11:57 PM
 #9

Are you really so certain about BTC's 8-week performance that you can't see the other side of the coin or are you assuming that is my goal?

The only thing this thread solidifies in certainty is that you are an unethical, unscrupulous, narcissistic shyster.

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September 14, 2023, 02:31:32 PM
 #10

I, without wanting to get into personal adjectives or bad blood, would like to understand if the OP really needs this loan for a personal motive or if it is simply a kind of bet he is making on the price.

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September 14, 2023, 09:36:33 PM
Last edit: September 16, 2023, 02:01:30 AM by BenCodie
 #11

Are you really so certain about BTC's 8-week performance that you can't see the other side of the coin or are you assuming that is my goal?

The only thing this thread solidifies in certainty is that you are an unethical, unscrupulous, narcissistic shyster.

How on earth did what I post or ask you warrant such a harsh (and inaccurate) response? Better question, what have I actually said or done here to attain those labels?

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

Get well soon Smiley

I, without wanting to get into personal adjectives or bad blood, would like to understand if the OP really needs this loan for a personal motive or if it is simply a kind of bet he is making on the price.

I will just apply with shasan on normal terms if no one wants sees the potential value from this offer.

I'm not really betting on the price - the terms are made for protection in case of upside and mutual benefit in case of downside, as I'll have to sell the coins to be able to use the loan. It's also created because I'd rather receive btc than some stablecoins on an inferior chain.
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September 14, 2023, 10:07:36 PM
 #12

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

Get well soon Smiley

Thank you for the well wishes.  I'm happy to report that I'm quite healthy and well.  Let me take this opportunity to assure you, you're deflections aren't going to work on me.  If you think my reaction to your request is somehow tied to your interaction with JollyGood, you obviously haven't been paying attention to my interactions with him, lol.

However, going back and looking at how he was able to sniff you out for the shitbird you are, I've decided to remove him from trust list exclusions.  Thanks for enlightening me.  Kiss

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September 15, 2023, 07:17:12 AM
 #13

The only thing this thread solidifies in certainty is that you are an unethical, unscrupulous, narcissistic shyster.

How on earth did what I post or ask you warrant such a harsh (and inaccurate) response?

Greed in the lending section.

Quote
Better question, what have I actually said or done here to attain those labels?

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

That what happens when you decide to become a gang member and allow yourself to become part of an empty echo chamber endlessly chanting "Do as I say, no do as I do."

Put them on ignore - no point feeding the thin skinned DT Trolls.

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September 15, 2023, 09:00:55 AM
 #14

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

Get well soon Smiley

Thank you for the well wishes.  I'm happy to report that I'm quite healthy and well.  Let me take this opportunity to assure you, you're deflections aren't going to work on me.  If you think my reaction to your request is somehow tied to your interaction with JollyGood, you obviously haven't been paying attention to my interactions with him, lol.

However, going back and looking at how he was able to sniff you out for the shitbird you are, I've decided to remove him from trust list exclusions.  Thanks for enlightening me.  Kiss

Fine to hear that you are well. Still not understanding your beef.

I personally don't mind about the trust list thing. It must have been a pretty petty reason to have him distrusted if this thread is what changed your mind Roll Eyes

The only thing this thread solidifies in certainty is that you are an unethical, unscrupulous, narcissistic shyster.

How on earth did what I post or ask you warrant such a harsh (and inaccurate) response?

Greed in the lending section.

Quote
Better question, what have I actually said or done here to attain those labels?

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

That what happens when you decide to become a gang member and allow yourself to become part of an empty echo chamber endlessly chanting "Do as I say, no do as I do."

Put them on ignore - no point feeding the thin skinned DT Trolls.

I suppose it would be greedy if Bitcoin only went up and downside was not possible. I don't believe it's greed. I believe intentional greed would be not highlighting the volatility as detailed as I have.

I think that it's 50/50 on an 8 week outlook for bearish/bullish outcome. I think anyone considering all factors for that time frame would see the opportunity and risks with the deal...especially after the explanation. I personally feel more bullish however I also take into account my own unseen factors.

As for trolling....I remember when trolling actually had comedy in it. Pretty lame if you're just trolling direwolf...get good kid.
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September 15, 2023, 01:06:21 PM
 #15

Pretty lame if you're just trolling direwolf...get good kid.

It's the other way around - check the trust list.  He's trolling me due to his sudden greed in the lending section.

Comedy?  That takes talent which neither of you have.

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September 15, 2023, 02:25:22 PM
 #16

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

Get well soon Smiley

If you think my reaction to your request is somehow tied to your interaction with JollyGood, you obviously haven't been paying attention to my interactions with him, lol.

He obviously hasn't.

I'm not really betting on the price - the terms are made for protection in case of upside and mutual benefit in case of downside, as I'll have to sell the coins to be able to use the loan. It's also created because I'd rather receive btc than some stablecoins on an inferior chain.

The question I asked earlier was coming to the fact that with how smart you seem to be about some things, that you have even called quite a few people on the forum low IQ and that you know a lot about cyber security; and you seriously need a $429 shitty loan?

I guess it's not incompatible to be smart in some areas and manage your finances terribly, because taking out a $429 loan committing to pay back 60% APR (yes, depending on price evolution, I know) is a sign of managing your finances very poorly. This section is fed by people who live in poor countries (and have low incomes as well as poor access to credit if at all) or gamblers, and you don't seem to be either of the two cases.



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September 15, 2023, 03:11:06 PM
Last edit: September 15, 2023, 03:25:27 PM by DireWolfM14
 #17


I have no idea what either of you are talking about.  I don't know if you're stroking each other off, or having a lover's quarrel.

But, if either of you are attempting to troll me, I'll give you a few lessons that might help you succeed:

1. When trolling someone, it's best to wait for an opportunity when you aren't trying to defend you're own shady actions (this thread is a perfect example,) otherwise it comes off as deflection or projection.

2. When the troller is choosing an insult, it helps if the insult is accurate.  Otherwise it won't have the desired affect of pushing the trollee's buttons.  It also helps if the troller hasn't demonstrated the same behavior suggested by the insult.  For example; if you're going to call someone "thin-skinned" it helps if you haven't been whining about trust list exclusions since the dawn of time.

3. Humor can often be incorporated into tolling, but it's not as essential as many would think.  Subtlety is far more important.  Subtlety alone can be humorous, and often necessary.  Many on-line forums have rules against trolling so keeping it subtle, such as hiding it as a part of a normal discussion, or labeling it as a tutorial (just some examples,) will help deliver the message, and may even lend some humor.  This is the most underachieved factor of successful trolling, and it's no surprise because it requires intelligence.

4. Coherence!  In order to be an effective troll you need to be coherent.  If the trollee doesn't even know he's being trolled, you're not doing it right.  You can't make snide comments that are so passive-aggressive that no body even knows what you're talking about.

I hope that helps.  Cool


This section is fed by people who live in poor countries (and have low incomes as well as poor access to credit if at all) or gamblers, and you don't seem to be either of the two cases.

Gambling is exactly what he's trying to do here.  He's gambling on the price of bitcoin, only he want's a lender to take all the risk.   Wink

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September 16, 2023, 02:01:18 AM
 #18

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

Get well soon Smiley

If you think my reaction to your request is somehow tied to your interaction with JollyGood, you obviously haven't been paying attention to my interactions with him, lol.

He obviously hasn't.

I don't really like getting sucked into drama and the only reason I was recently, was due to WW situation and some degenerate gamblers who did not like my controversial opinion (never again, that was taxing).

I have no intention of keeping up with other people's shenanigans so don't expect me to know the dynamics of everyone here lol

I'm not really betting on the price - the terms are made for protection in case of upside and mutual benefit in case of downside, as I'll have to sell the coins to be able to use the loan. It's also created because I'd rather receive btc than some stablecoins on an inferior chain.

The question I asked earlier was coming to the fact that with how smart you seem to be about some things, that you have even called quite a few people on the forum low IQ and that you know a lot about cyber security; and you seriously need a $429 shitty loan?

I guess it's not incompatible to be smart in some areas and manage your finances terribly, because taking out a $429 loan committing to pay back 60% APR (yes, depending on price evolution, I know) is a sign of managing your finances very poorly. This section is fed by people who live in poor countries (and have low incomes as well as poor access to credit if at all) or gamblers, and you don't seem to be either of the two cases.

Need is the incorrect word. I don't need this loan to survive. It would just allow me to go ahead with take alternative path to my financial plan, which involves a bit more risk. I've been considering another loan with shasan except with some collateral and different purpose over a personal loan anyway. I'm leaving this one open til tomorrow if someone does want to take it.

Good financial management geared toward growth has to have an element of risk. I balance risk just fine personally and in business. If the loan was executed, I'd be able to alleviate some personal things while creating an opportunity for myself and the lender that will allow me to pay less interest, while he gets more coins (this is based on my belief that the 8 week outlook for btc is bearish). If there is upside for BTC, I believe I bear most of the cost and the lender does not come off any weaker in USD, and not much worse off in BTC when interest is factored in.

Gamblers and poor people - that's two sides of the spectrum. One is by circumstance, one is by choice. Gamblers on the left, financially poor on the right. I am in between. I don't gamble, I'm not rich, I'm not poor, I'm just a person going along.

Without insight into my finances and the way I do things, you wouldn't be able to say for sure if I manage my finances terribly or not. I believe that I do okay for myself and that I measure risks appropriately. I believe that I am fair and that the loan risk for the lender and borrower are also fair - opportunity and risk are balanced depending on the outcome. If you add bullish bias (as everyone has) then it seems like greed, but I don't see anyone actually responding to:

Do you really think that the 8 week sentiment is 100% upward?

Or providing a percentage of that belief to at least create some odds.

Pretty lame if you're just trolling direwolf...get good kid.

It's the other way around - check the trust list.  He's trolling me due to his sudden greed in the lending section.

Comedy?  That takes talent which neither of you have.

I'm a little lost and not too interested in investigating the beef, you do you lord  Grin

....and comedy is subjective Wink (especially in the sensitive 2020's Sad )


I have no idea what either of you are talking about.  I don't know if you're stroking each other off, or having a lover's quarrel.

I don't know what gave that impression. Kind of just working out what you both want from me here and have been since the beginning. I don't think Timelord or I showed anything like having a "lover's quarrel" here and I've not really interacted with him outside this thread so....good joke I guess? lol


But, if either of you are attempting to troll me, I'll give you a few lessons that might help you succeed:

1. When trolling someone, it's best to wait for an opportunity when you aren't trying to defend you're own shady actions (this thread is a perfect example,) otherwise it comes off as deflection or projection.

2. When the troller is choosing an insult, it helps if the insult is accurate.  Otherwise it won't have the desired affect of pushing the trollee's buttons.  It also helps if the troller hasn't demonstrated the same behavior suggested by the insult.  For example; if you're going to call someone "thin-skinned" it helps if you haven't been whining about trust list exclusions since the dawn of time.

3. Humor can often be incorporated into tolling, but it's not as essential as many would think.  Subtlety is far more important.  Subtlety alone can be humorous, and often necessary.  Many on-line forums have rules against trolling so keeping it subtle, such as hiding it as a part of a normal discussion, or labeling it as a tutorial (just some examples,) will help deliver the message, and may even lend some humor.  This is the most underachieved factor of successful trolling, and it's no surprise because it requires intelligence.

4. Coherence!  In order to be an effective troll you need to be coherent.  If the trollee doesn't even know he's being trolled, you're not doing it right.  You can't make snide comments that are so passive-aggressive that no body even knows what you're talking about.

I hope that helps.  Cool

What you give is what you get. I don't troll. I am fully understanding of point 1 which is why I definitely wouldn't troll in a situation like now, where you are pretty much accusing me of trying to rip off the community (far from the case, as explained earlier).

Point 2/3/4 I guess I'll save for reference but if there's something worth saying - that is way too much thinking/theory for something that is ultimately so pointless. I understand trolling, obviously not to the standard of your apparent PhD in it over there, but I don't care for it.

As for who is trolling in this thread - I still don't even know. Either someone is doing a great job at it or we are just extremely bad at communicating with each other.

This section is fed by people who live in poor countries (and have low incomes as well as poor access to credit if at all) or gamblers, and you don't seem to be either of the two cases.

Gambling is exactly what he's trying to do here.  He's gambling on the price of bitcoin, only he want's a lender to take all the risk.   Wink

I'm adding risk to a loan which adds upside and downside for the lender and for myself as the borrower. The lender does not take all of the risk. Please seem my previous explanation and refer to that if you have any questions or comments about who has what risk in what scenario.



The offer is open until sept 17 00:00 server time (about 23 hours) - after more thinking, I have got an idea for a collateral loan which I'll probably post a thread to detail, or talk to shasan, after this offer expires.
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September 20, 2023, 12:32:34 AM
 #19

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

Get well soon Smiley
If you think my reaction to your request is somehow tied to your interaction with JollyGood, you obviously haven't been paying attention to my interactions with him, lol.
He obviously hasn't.
Grin

I'm not really betting on the price - the terms are made for protection in case of upside and mutual benefit in case of downside, as I'll have to sell the coins to be able to use the loan. It's also created because I'd rather receive btc than some stablecoins on an inferior chain.
The question I asked earlier was coming to the fact that with how smart you seem to be about some things, that you have even called quite a few people on the forum low IQ and that you know a lot about cyber security; and you seriously need a $429 shitty loan?
As for calling members out for allegedly having low IQ as well as using profanities and insults and some rather questionable conduct showing extremely bad judgement and choice of words (as can be seen for the feedback I left for him), that is documented and is not in dispute.

Having said that, I would question any knowledge of cyber security being attributed to him. There is one thread which he created in January 2023 over a year after an existing thread Cybersecurity subforum was created on the same topic. The OP in his thread was filled with copy/paste from other members. It had next to nothing in original text with his own words to demonstrate his knowledge in that field. When I went through his post history I did not see anything that demonstrated he knew anything at all about cyber security. I think you may have given him a little too much unnecessary and undeserved credit.

I guess it's not incompatible to be smart in some areas and manage your finances terribly, because taking out a $429 loan committing to pay back 60% APR (yes, depending on price evolution, I know) is a sign of managing your finances very poorly. This section is fed by people who live in poor countries (and have low incomes as well as poor access to credit if at all) or gamblers, and you don't seem to be either of the two cases.
The amount ($429 being asked for) is strange, that is clear but what cannot be overlooked is the fact that no matter what the OP states the loan request seems to be made with the intention/expectation that he will benefit from Bitcoin provided by someone else.

As stated in the OP, if the loan is in BTC and the repayment is in USD it means at a time of an expected pump the loanee will be gambling with the lenders money and if there is money to be made only one party will be benefitting and that would be highly disproportionately. Though not impossible to find, if a lender loaned out in BTC and received repayments in USD$ it would be their decision and not all too common. What became common over time was the use of USDT to make and receive loans thus eliminating issues but it is being actively avoided as an option by the OP.

I guess the risk factor involved could bring bad news for the OP if things went the other way therefore the question remains: why try to set up a loan in this way when the lenders operate in a different way.

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September 20, 2023, 08:49:48 AM
Last edit: November 11, 2023, 12:32:07 AM by BenCodie
 #20

Obviously something else is the matter. I don't think we've ever interacted, but it seems like what's happened between myself and jollygood has you hurting for some reason.

Get well soon Smiley
If you think my reaction to your request is somehow tied to your interaction with JollyGood, you obviously haven't been paying attention to my interactions with him, lol.
He obviously hasn't.
Grin

I'm not really betting on the price - the terms are made for protection in case of upside and mutual benefit in case of downside, as I'll have to sell the coins to be able to use the loan. It's also created because I'd rather receive btc than some stablecoins on an inferior chain.
The question I asked earlier was coming to the fact that with how smart you seem to be about some things, that you have even called quite a few people on the forum low IQ and that you know a lot about cyber security; and you seriously need a $429 shitty loan?
As for calling members out for allegedly having low IQ as well as using profanities and insults and some rather questionable conduct showing extremely bad judgement and choice of words (as can be seen for the feedback I left for him), that is documented and is not in dispute.

Having said that, I would question any knowledge of cyber security being attributed to him. There is one thread which he created in January 2023 over a year after an existing thread Cybersecurity subforum was created on the same topic. The OP in his thread was filled with copy/paste from other members. It had next to nothing in original text with his own words to demonstrate his knowledge in that field. When I went through his post history I did not see anything that demonstrated he knew anything at all about cyber security. I think you may have given him a little too much unnecessary and undeserved credit.

I guess it's not incompatible to be smart in some areas and manage your finances terribly, because taking out a $429 loan committing to pay back 60% APR (yes, depending on price evolution, I know) is a sign of managing your finances very poorly. This section is fed by people who live in poor countries (and have low incomes as well as poor access to credit if at all) or gamblers, and you don't seem to be either of the two cases.
The amount ($429 being asked for) is strange, that is clear but what cannot be overlooked is the fact that no matter what the OP states the loan request seems to be made with the intention/expectation that he will benefit from Bitcoin provided by someone else.

As stated in the OP, if the loan is in BTC and the repayment is in USD it means at a time of an expected pump the loanee will be gambling with the lenders money and if there is money to be made only one party will be benefitting and that would be highly disproportionately. Though not impossible to find, if a lender loaned out in BTC and received repayments in USD$ it would be their decision and not all too common. What became common over time was the use of USDT to make and receive loans thus eliminating issues but it is being actively avoided as an option by the OP.

I guess the risk factor involved could bring bad news for the OP if things went the other way therefore the question remains: why try to set up a loan in this way when the lenders operate in a different way.

Hey Jolly. Reasonable post up until the cybersecurity forum statement. I had spent a lot of time and added a lot of my own knowledge to that thread. it's evident if you actually read it.

on the topic:
I was prepared for the risk in the event that a lender who was bearish on the 8 week outlook was willing to take on the loan. The risk of upside (risk for me as btc would be sold) is something that I was prepared for, as this is not a "I have $0 and need $429 to live" kind of loan but rather something of convenience. So, if it went the other way, I would take the loss of rebuying and the interest, the lender would take less btc (maybe still more btc including interest, depending on spot rate at time of repayment) but the same fiat value (plus interest).

The offer expired on Sep 17 in any case. I've taken another route and covered the personal expenses normally.
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