Anyone interested in providing me a loan in BTC with a car title securing it ?I am looking for:
1,000 BTC for as long as you can provide it @ 16% per 30 days**
(**calculated per day, NON compounding, ie. 30 days 1,000 BTC = 160 BTC Interest
I also need the ability to pay it off in a day's notice (since interest will be calculated daily) and can provide a refund with interest with a day's notice as well.What I am offering for Security:
I will put the title of my BNR32 Skyline GT-R
up to secure the loan for whatever the term, preferably ending on or before May 31, 2012 (when I plan to drive it again
Car is located and has been registered & insured in Alberta Canada for the past 3 years+ (4 years April 18).
At current market rates, the car is worth a hell of alot more than $4,200 and unless BTC Quadruples (x4) in price and I default, you will never lose money on this deal.I am not sure how this could work with multiple parties, unless a single lender collected all funds, then presented to me so that I only had to deal with a single person and not split the car title up amongst 20 people ....lol
I look forward to hearing from anyone interested in this. Feel free to stop by in person if you are local.