[CLOSED]

[adoni]

closed

[lightlord]

No collateral no loan  

[adoni]

closed

[KimNam]

verify you have a MINIMUM of 100K Bitcoin wallet

call this man
explain your project to him, i'm sure he has > 100k BTC 

seriously dude, if someone has 100k BTC, he doesn't need your project anymore
just manipulate the market with huge amount of BTC

[rarkenin]

I don't think you understand what collateral is. If you want a loan, you deposit to the lender or a trusted escrow agent some sort of altcoin or other property that could be used to recover losses if you do not pay. Non-liquid assets such as domain names or a talented force aren't collateral.

Anyone with a user account and user rank here can write up such a post asking for 2M bitcoins. Chances are they'll never pay back, and don't have those assets.

[bridgesro]

The collateral is the project which has an asset in a brandable domain name and also a talented force to create a monetization platform for it via bitcoin.

So the project has potential value of huge value maybe billions, and it has a floor value of domain, idea and talent of others in the project.

So it has VALUE but it's speculative value just like BTC.

Collateral needs to be something with current tangible value, not future potential value. Especially when you're asking for the kind of price tag you put on this loan.

[adoni]

closed

[adoni]

closed

[bridgesro]

I'm thinking more from the outlook of a loan provider more than the rules of the forum, but you're right: domain names can have values in of themselves and could be used as collateral. Here's the thing:

To brand this new concept we would need around 10M in project seed or 'loan' in btc.

If I understand correctly, you're asking for $10 million worth of BTC, right? If someone were to loan you $10 million, they're going to want you to put up collateral equal to $10 million or (likely) more. We're talking about a loan here: that collateral will need to be something tangibly and currently worth $10+ million. Is your domain name currently worth $10 million? Remember that the collateral is there for the loan provider to use to recoup their loss if you can't repay them.

I won't say that your domain doesn't have the potential to be worth millions in the future, but that's more important if you're looking for an investor as opposed to a loan. You need to make sure you have a very strong pitch if you want to attract an investor willing to give you that kind of money. Hell, a web forum probably isn't the best place to look for that kind of investment. If you and your group really believe you have a profitable game changer in your hands, you should be meeting with investors face-to-face to pitch this to them.

[adoni]

closed

[Vod]

You are an alt of "Bitcoin_exchange".  You both have negative feedback.

[snarlpill]

You are an alt of "Bitcoin_exchange".  You both have negative feedback.

That's exactly what I had been thinking Vod. He just slightly changed his style of wording/typing.

Still looking for 100K BTC....     LOL 

[adoni]

closed

[rarkenin]

You know the rules from reading them, right? Loan requests without collateral are not allowed and will result in negative feedback. Better luck next time.

[adoni]

closed

[bridgesro]

Seems some here can't wrap their mind around how 10M in the VC world is not a lot of money.

You're right: that's not a whole lot in the VC world. This isn't the VC world. This is a lending forum. If you want VC levels of funding, contact VCs.

If you want someone on the forum to lend you money, you need to provide something of equal or greater value in return as collateral. And no: a domain name is not worth $10 million. Future potential success is not worth $10 million right now. You need something with current value, not the possibility of value.

Are you the owner of this forum, you should speak like it.

BUZZ OFF

You're certainly not going to get investors talking like that. At best, you sound immature. At worst, you sound like a scam. I'll let others decide which is most likely.

[AcoinL.L.C]

Thanks for the good laugh, really appreciate it

[jonald_fyookball]

Who is btc xchange

You are.  Same lead generation and domain business, same writing style,
same ridiculous exaggerations about your success. 

So, not acknowledging you're the same person and playing dumb proves you are a liar. 

[jonald_fyookball]

You are an alt of "Bitcoin_exchange".  You both have negative feedback.

this.

[Tomatocage]

Just buy your own Bitcoins then, if you have no need to borrow. This belongs in the Currency Exchange section.