Bitcoin Forum
December 10, 2016, 05:09:14 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Wanted $200 paypal Loan - 7 days or less - 45 btc collateral - 3btc fee  (Read 1808 times)
bitjet
Hero Member
*****
Offline Offline

Activity: 556


View Profile
February 07, 2012, 11:08:50 PM
 #1

Is this anything a trusted member is interested in? I would need this today (feb 7th)

PM me.

Thanks!
1481346554
Hero Member
*
Offline Offline

Posts: 1481346554

View Profile Personal Message (Offline)

Ignore
1481346554
Reply with quote  #2

1481346554
Report to moderator
1481346554
Hero Member
*
Offline Offline

Posts: 1481346554

View Profile Personal Message (Offline)

Ignore
1481346554
Reply with quote  #2

1481346554
Report to moderator
1481346554
Hero Member
*
Offline Offline

Posts: 1481346554

View Profile Personal Message (Offline)

Ignore
1481346554
Reply with quote  #2

1481346554
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
BurtW
Legendary
*
Offline Offline

Activity: 1792

All paid signature campaigns should be banned.


View Profile WWW
February 07, 2012, 11:34:10 PM
 #2

If I understand this I may be in.  Is this what you are talking about?

Today:  You send me 48 BTC and I send you $200 PayPal

In a few days:   You send me $200 back, then I send you 45 BTC back

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2002



View Profile
February 07, 2012, 11:44:56 PM
 #3

Is this anything a trusted member is interested in? I would need this today (feb 7th)

What repayment method would be used?  A prudent lender would likely only want to consider a non-reversible repayment method (e.g., Mt. Gox code/USD).  Given that would be an acceptable term of the loan then this might be an attractive deal for a lender.  

This is even better than Payday Lender rates which of over 400% interest (APR) with the loss of risk due to default being low (since if the $200 isn't repaid there is $240+ worth of collateral that could be easily liquidated).  Even if the BTC/USD drops by 25% (e.g., from about $5.50 down to about just over $4) the worst that would happen is the lender goes just 7 days without $200.  

For comparison though, pawn shops require collateral at a higher ratio than this though and even the collateral they accept isn't exposed to the price volatility that bitcoin sees.

brendio
Hero Member
*****
Offline Offline

Activity: 518


Firstbits: 1Brendio


View Profile
February 08, 2012, 12:01:07 AM
 #4

You could repay through a PayPal refund. From memory, that also refunds the PP fees, but importantly, means that neither lender nor repayer can later reverse their payment and scam the other party.

I have done a PP loan before and would also be happy to help out under these terms.

brendio
Hero Member
*****
Offline Offline

Activity: 518


Firstbits: 1Brendio


View Profile
February 08, 2012, 12:07:13 AM
 #5

Is this anything a trusted member is interested in? I would need this today (feb 7th)

PM me.

Thanks!

PM sent.

bitjet
Hero Member
*****
Offline Offline

Activity: 556


View Profile
February 08, 2012, 01:47:02 AM
 #6

You could repay through a PayPal refund. From memory, that also refunds the PP fees, but importantly, means that neither lender nor repayer can later reverse their payment and scam the other party.

Good tip!
bitjet
Hero Member
*****
Offline Offline

Activity: 556


View Profile
February 08, 2012, 01:48:26 AM
 #7

I've gotten several PM's and might have found my lender. Will keep the thread open for feedback.
BurtW
Legendary
*
Offline Offline

Activity: 1792

All paid signature campaigns should be banned.


View Profile WWW
February 08, 2012, 04:57:31 AM
 #8

Loan made.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
bitjet
Hero Member
*****
Offline Offline

Activity: 556


View Profile
February 15, 2012, 12:41:06 AM
 #9

Loan repaid! 
BurtW
Legendary
*
Offline Offline

Activity: 1792

All paid signature campaigns should be banned.


View Profile WWW
February 15, 2012, 05:31:33 AM
 #10

Loan repaid! 

Yes, transaction complete.  Excellent customer.  Would lend again.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
bitjet
Hero Member
*****
Offline Offline

Activity: 556


View Profile
February 15, 2012, 11:36:14 PM
 #11

Thanks Burt!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!