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Author Topic: Seeking Loan: Expansion of Mining Operations [Record of Past Loans]  (Read 6903 times)
eternalgloom
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May 05, 2014, 10:51:09 PM
 #41

Thank you for your offers guys.  Once offers are made I will group them and start a new thread keeping track of all them
in a clear and concise manner for public record and you guys.  I anticipate enough offers will be made by the 7th to move ahead by then.
Right now I'm looking to purchase a few Gridseed units [already have a seller and set in mind at a good price], pay a bill, and make a no-interest
loan payment to a family member [this is disclosed for transparency and honesty purposes here].

All this together leaves me looking at a total loan set [this is the funds from all lenders] totaling around 2.25BTC.
I'd like to stick with the current 5%/month rate as of late, and I feel it is a fair rate for lenders.  Some lenders have mentioned
shorter run-times which I'd be fine with as I do get the funds back incrementally from mining/rentals, but that means some lenders
wouldn't be paid back in the same time frame as others, which I'm unsure how some lenders feel about.  It would of course be within the
initial loan period though.

If people would like shorter periods that can be discussed, or I can do one month run periods with increments paid out to investors weekly.
Let me know guys. 
For me it would be fine if you paid me back after one month.

Now, another thing, what happens if you are late with the payment?
I wouldn't mind giving you a few days extra (3 days for example), but after that interest should be added.

While being late is highly unlikely [more likely to be repaid early, you'll still get the interest amount], lenders are given
3% on initial amount compounded weekly. I feel that is rather high, but is fair for any inconvenience I may cause an investor,
and it presses me to have all loans paid back on time or early.
Ok, that seems more than fair.
Thanks

s1lverbox
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May 08, 2014, 05:21:00 PM
 #42

##############################################################
Offer for whole 2.25BTC for 30 days-5%
##############################################################
GBattaglia (OP)
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May 08, 2014, 06:13:23 PM
 #43

##############################################################
Offer for whole 2.25BTC for 30 days-5%
##############################################################


I'd be interested in your offer if it is legitimate.
Smiley
s1lverbox
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May 08, 2014, 06:47:54 PM
 #44

##############################################################
Offer for whole 2.25BTC for 30 days-5%
##############################################################


I'd be interested in your offer if it is legitimate.
Smiley

How do you think this will not be legit? Im sending my BTC to you not the other way around. And my trust feedback should be enough to say the least.
GBattaglia (OP)
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May 08, 2014, 09:37:44 PM
 #45

##############################################################
Offer for whole 2.25BTC for 30 days-5%
##############################################################


I'd be interested in your offer if it is legitimate.
Smiley

How do you think this will not be legit? Im sending my BTC to you not the other way around. And my trust feedback should be enough to say the least.

Legitimate as in if you were willing to follow through, not legitimate as in not a scam.  Anyways let me know if the offer still stands and I'll gladly work something out
and consolidate it with the other loans already processed. 
s1lverbox
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May 08, 2014, 10:35:58 PM
 #46

##############################################################
Offer for whole 2.25BTC for 30 days-5%
##############################################################


I'd be interested in your offer if it is legitimate.
Smiley

How do you think this will not be legit? Im sending my BTC to you not the other way around. And my trust feedback should be enough to say the least.

Legitimate as in if you were willing to follow through, not legitimate as in not a scam.  Anyways let me know if the offer still stands and I'll gladly work something out
and consolidate it with the other loans already processed. 
Offer still stand. If you choose smaller amount please let me know.
GBattaglia (OP)
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May 09, 2014, 03:27:22 PM
 #47

##############################################################
Offer for whole 2.25BTC for 30 days-5%
##############################################################


I'd be interested in your offer if it is legitimate.
Smiley

How do you think this will not be legit? Im sending my BTC to you not the other way around. And my trust feedback should be enough to say the least.

Legitimate as in if you were willing to follow through, not legitimate as in not a scam.  Anyways let me know if the offer still stands and I'll gladly work something out
and consolidate it with the other loans already processed.  
Offer still stand. If you choose smaller amount please let me know.

Thank you for your offer.  If these terms are acceptable, please send payment.  

Terms:
Amount: 1.5BTC
Term: 1 Month
Interest: 5% for 30 Days, 3% compounded each week late
Payment Address: 1PPJTo4VqA6Un17ZDKnU4RCKHesj1YZh1T
End Terms

Please post your address for repayment as well.   Smiley


@Scam accusations
If I had no intent of repaying, why would I take less than is being offered on this loan anyways?
Again, my behavior would be completely illogical if my goal was to scam users.
s1lverbox
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May 09, 2014, 03:55:12 PM
 #48

##############################################################
Offer for whole 2.25BTC for 30 days-5%
##############################################################


I'd be interested in your offer if it is legitimate.
Smiley

How do you think this will not be legit? Im sending my BTC to you not the other way around. And my trust feedback should be enough to say the least.

Legitimate as in if you were willing to follow through, not legitimate as in not a scam.  Anyways let me know if the offer still stands and I'll gladly work something out
and consolidate it with the other loans already processed.  
Offer still stand. If you choose smaller amount please let me know.

Thank you for your offer.  If these terms are acceptable, please send payment.  

Terms:
Amount: 1.5BTC
Term: 1 Month
Interest: 5% for 30 Days, 3% compounded each week late
Payment Address: 1PPJTo4VqA6Un17ZDKnU4RCKHesj1YZh1T
End Terms

Please post your address for repayment as well.   Smiley


@Scam accusations
If I had no intent of repaying, why would I take less than is being offered on this loan anyways?
Again, my behavior would be completely illogical if my goal was to scam users.

Does other loans has been repaid fully?
eternalgloom
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May 09, 2014, 04:15:50 PM
 #49

Does other loans has been repaid fully?
He has, you can check it on this thread:
https://bitcointalk.org/index.php?topic=576173.0

This thread was created after those loans were repaid

Vod
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May 09, 2014, 11:10:55 PM
 #50

@Scam accusations
If I had no intent of repaying, why would I take less than is being offered on this loan anyways?
Again, my behavior would be completely illogical if my goal was to scam users.

This makes little sense.

You're saying a scammer will only take the maximum possible?  He/she won't try for a lower amount for the better chance of acceptance?

I post for interest - not signature spam.
https://elon.report - new BPI Reports!
https://vod.fan - profitable/free image sharing - coming early 2025
GBattaglia (OP)
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May 09, 2014, 11:16:06 PM
 #51

@Scam accusations
If I had no intent of repaying, why would I take less than is being offered on this loan anyways?
Again, my behavior would be completely illogical if my goal was to scam users.

This makes little sense.

You're saying a scammer will only take the maximum possible?  He/she won't try for a lower amount for the better chance of acceptance?

If it is already being offered at the full amount and made out to be a legitimate offer, a scammer would take the maximum amount as it was already offered. At least, that would be the logical thing to do. 
Vod
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May 09, 2014, 11:17:33 PM
 #52

@Scam accusations
If I had no intent of repaying, why would I take less than is being offered on this loan anyways?
Again, my behavior would be completely illogical if my goal was to scam users.

This makes little sense.

You're saying a scammer will only take the maximum possible?  He/she won't try for a lower amount for the better chance of acceptance?

If it is already being offered at the full amount and made out to be a legitimate offer, a scammer would take the maximum amount as it was already offered. At least, that would be the logical thing to do. 

Maybe, yes.  But you can't say taking less proves you aren't a scammer.   Wink

I post for interest - not signature spam.
https://elon.report - new BPI Reports!
https://vod.fan - profitable/free image sharing - coming early 2025
GBattaglia (OP)
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May 10, 2014, 12:02:08 AM
 #53

@Scam accusations
If I had no intent of repaying, why would I take less than is being offered on this loan anyways?
Again, my behavior would be completely illogical if my goal was to scam users.

This makes little sense.

You're saying a scammer will only take the maximum possible?  He/she won't try for a lower amount for the better chance of acceptance?

If it is already being offered at the full amount and made out to be a legitimate offer, a scammer would take the maximum amount as it was already offered. At least, that would be the logical thing to do. 

Maybe, yes.  But you can't say taking less proves you aren't a scammer.   Wink

Got me there, Vod.  Wink 

Didn't say it was proof, just said it is seems a little illogical.  Granted there are probably illogical/stupid scammers as well.  Tongue
ncsupanda
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May 10, 2014, 03:31:55 AM
 #54

@Scam accusations
If I had no intent of repaying, why would I take less than is being offered on this loan anyways?
Again, my behavior would be completely illogical if my goal was to scam users.

This makes little sense.

You're saying a scammer will only take the maximum possible?  He/she won't try for a lower amount for the better chance of acceptance?

If it is already being offered at the full amount and made out to be a legitimate offer, a scammer would take the maximum amount as it was already offered. At least, that would be the logical thing to do. 

Maybe, yes.  But you can't say taking less proves you aren't a scammer.   Wink

Got me there, Vod.  Wink 

Didn't say it was proof, just said it is seems a little illogical.  Granted there are DEFINITELY illogical/stupid scammers as well.  Tongue

Fixed that for you.
GBattaglia (OP)
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May 14, 2014, 12:01:26 AM
 #55

My current lenders may view status updates on this thread here:
https://bitcointalk.org/index.php?topic=603607.0
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