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Author Topic: Offering Loans - 5%/Month  (Read 4962 times)
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Killerloop (OP)
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November 07, 2014, 12:31:09 PM
 #21

do you accept paypal as collateral? (with escrow)

No sorry. Physical goods, non reversible money transfers and altcoin only.

Escrow is welcome.

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
sinisuba
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November 08, 2014, 12:58:05 PM
 #22

I'm buying 5 mh/s of ZenHashlet. In need of $75 to complete my purchase (already got some bitcoins on my wallet), -> 0.2191 needed. I was thinking about a 0.24 repayment in less than 4 days. Let me know if you're up for it.

niktitan132
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November 08, 2014, 01:08:06 PM
 #23

I'm buying 5 mh/s of ZenHashlet. In need of $75 to complete my purchase (already got some bitcoins on my wallet), -> 0.2191 needed. I was thinking about a 0.24 repayment in less than 4 days. Let me know if you're up for it.


Killerloop only gives loans if you have collateral.
sinisuba
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November 08, 2014, 01:15:23 PM
 #24

I'm buying 5 mh/s of ZenHashlet. In need of $75 to complete my purchase (already got some bitcoins on my wallet), -> 0.2191 needed. I was thinking about a 0.24 repayment in less than 4 days. Let me know if you're up for it.


Killerloop only gives loans if you have collateral.

I'm in this video competition that'll end in 2 days, https://bitcointalk.org/index.php?topic=832301.0 and will be getting at least .1 from it.

niktitan132
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November 08, 2014, 01:22:40 PM
 #25

I'm buying 5 mh/s of ZenHashlet. In need of $75 to complete my purchase (already got some bitcoins on my wallet), -> 0.2191 needed. I was thinking about a 0.24 repayment in less than 4 days. Let me know if you're up for it.


Killerloop only gives loans if you have collateral.

I'm in this video competition that'll end in 2 days, https://bitcointalk.org/index.php?topic=832301.0 and will be getting at least .1 from it.

That is not a collateral.

Quote
What is not considered collateral?
...

- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.

...

Source: https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902
sinisuba
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November 08, 2014, 01:26:27 PM
Last edit: November 08, 2014, 08:27:25 PM by sinisuba
 #26

Quote
What is not considered collateral?
...

- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.

...


Alright then. Thanks on this link, it's useful.

Killerloop (OP)
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November 08, 2014, 07:25:28 PM
 #27

Killerloop only gives loans if you have collateral.

 Wink

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
Killerloop (OP)
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December 05, 2014, 04:44:52 PM
 #28

up!

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
leen93
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December 08, 2014, 09:32:12 AM
 #29

https://bitcointalk.org/index.php?topic=884267.0

it's a lower interest rate but fully collaterized at all time and you can chose the duration and amount
Killerloop (OP)
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December 08, 2014, 10:03:53 AM
 #30

https://bitcointalk.org/index.php?topic=884267.0

it's a lower interest rate but fully collaterized at all time and you can chose the duration and amount

Hi, I feel your pain for that idiot RiverboatBTC trolling your post, moderators should really take care of him.

I can't accept 1% month though, it is too low given BTC fluctuations. We can settle for a 4% I guess.

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
leen93
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December 08, 2014, 10:13:03 AM
 #31

https://bitcointalk.org/index.php?topic=884267.0

it's a lower interest rate but fully collaterized at all time and you can chose the duration and amount

Hi, I feel your pain for that idiot RiverboatBTC trolling your post, moderators should really take care of him.

I can't accept 1% month though, it is too low given BTC fluctuations. We can settle for a 4% I guess.
Yes, he's an idiot and sadly this forum is not well moderated, especially the marketplace section is a hell...
No, I'm sorry, I can't give more than 12.6% a year. We can discuss some other things like a free cancellation of the loan by you at any time (so just asking back the principal + 0.033% every day you lended out and the loan would be repaid within 24 hours). So in case you would need to provide a loan to someone else at a higher interest rate and need the btc for that you can get them back.

By the way, I readed your OP more carefully and I'm not going to send you the collateral but the collateral goes to a trusted escrow and stays there (collateral can still be raised)
If you lend me 10 BTC I'm not going to send 13 BTC to you risking you run away with 3 BTC profit while you didn't provide collateral  Wink
Killerloop (OP)
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December 08, 2014, 10:41:37 AM
 #32

Yes, he's an idiot and sadly this forum is not well moderated, especially the marketplace section is a hell...
No, I'm sorry, I can't give more than 12.6% a year.

Too bad then, there are investments around that are a lot less risky than this kind of private lending (es. corporate/sovereign bonds)
My last offer is 30%/year or 2.5% month. If this is not acceptable for you then I'm sorry but you may want to look elsewhere.

By the way, I readed your OP more carefully and I'm not going to send you the collateral but the collateral goes to a trusted escrow and stays there (collateral can still be raised)
If you lend me 10 BTC I'm not going to send 13 BTC to you risking you run away with 3 BTC profit while you didn't provide collateral  Wink

Of course! I wrote: "Escrow: escrow is welcome if he/she is willing to comply with my rules". I understand the fear of a collateral scam and have absolutely no problem with escrow as long as the margin call rule can be enforced by him/her

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
leen93
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December 08, 2014, 10:45:01 AM
 #33

Yes, he's an idiot and sadly this forum is not well moderated, especially the marketplace section is a hell...
No, I'm sorry, I can't give more than 12.6% a year.

Too bad then, there are investments around that are a lot less risky than this kind of private lending (es. corporate/sovereign bonds)
My last offer is 30%/year or 2.5% month. If this is not acceptable for you then I'm sorry but you may want to look elsewhere.

By the way, I readed your OP more carefully and I'm not going to send you the collateral but the collateral goes to a trusted escrow and stays there (collateral can still be raised)
If you lend me 10 BTC I'm not going to send 13 BTC to you risking you run away with 3 BTC profit while you didn't provide collateral  Wink

Of course! I wrote: "Escrow: escrow is welcome if he/she is willing to comply with my rules". I understand the fear of a collateral scam and have absolutely no problem with escrow as long as the margin call rule can be enforced by him/her

Why are they less risky? :p
Sorry, can't pay 2.5% a year.
I'll try to find someone else
Killerloop (OP)
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December 08, 2014, 11:00:41 AM
 #34

Why are they less risky? :p
Sorry, can't pay 2.5% a year.
I'll try to find someone else

I can easily make a 13% or more with sovereign bonds that are backed up by a legal entity and an estabilished system. On the other hand the escrow that we are going to use, while trusted in this community, is not legally bound to our deal or anything and I have to trust him to enforce my rules at all times and, especially, on time.... he may be asleep for example. On the other hand if coins are on my hand I have my trading scripts in place.

If you want to disclose your activity we can discuss payment periods. I can even settle for one payment every X months or at the end of the loan but my yield has to be at least 2.5%/month, or it is just not worth the hassle short of serious amounts (10+ BTC).

Loan request: "I need 7 BTC because We hired an archaelogist and asked him: Is there a treasure? And he said yes!"
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