Thank you for these guidelines.
I know you mentioned domains, so can we offer our website as collateral?
OR Artwork?
2 EXAMPLES IN ONE:
http://www.d3fc.me/2016/07/PRICELESSHeirloomArtwork.html(I am an artist and the developer of
www.d3fc.me)
I seek a loan but only from someone who can afford to lend around 5 grand for a period of a few years.
I have a brilliant strategy that will generate bitcoin ad revenue and repayment is virtually guaranteed.
Get this: facebook ads cost around $10 for 10 visitors.
Bitcoin ads can attract bitcoin enthusiasts, 10 for 7¢. And bitcoin ads on my site pay almost as much.
I can attract one visitor for 7¢ and have them visit over and over and over, for free if they enter an email.
My site already had tons of advertisements set up in unobtrusive places.
I am 100% ok with escrow, but I can't lose access to my site in the mean time,
or I wont be able to update it and add content for visitors.
Currently the website login is authenticated and well protected.
How do I share access and relinquish control 100% if I default?
I don't want to be thought of as a scammer and I mean all the best.
I do want to be transparent. I already owe 1.3 bitcoins to bitcoin jam... Nowhere else though.
(NOTE: it is tied to USD so if the price spikes I can pay back with my current .55 bitcoin savings)
I would have paid it off a year ago except cloud mining sites are all ponzis and I lost a lot of coin back then.
(Yes I was naive and should not have invested in cloud mining. Lesson learned.)
I will be forced to continue working 60 hours a week at minimum wage,
just to cover bills and then repay the loan, until I get a decent sized loan. NO SOB here, just facts.
If I get a big loan the first thing I will do is pay back the 1.35 bitcoins I owe btcjam.
Then finish my site with layers of content and email marketing funnels.
For big projects that get millions in investments,
the 1.3 bitcoins I owe priced at the current USD value is chump change.
I think my project honestly deserves far more than I am asking. Anyways...
Thanks again for this sticky - it is very informative.
And thanks for any answers you can give me.
Cheers! Long live Bitcoin!