Not a valid collateral, plus the 100% is a bit overkill, don'tyou think? Considering that you most likely will not payback a single cent.
I understand sir, i can also pay this loan
http://prntscr.com/4gj5f4 check my BTC account
Why wouldn't you simply withdraw the .58 btc balance from your BTCJam account? Also, I notice you have another thread for yet another loan?! This just screams whoa black betty scam-ba-lam!
He also has an invest in him thread somewhere, im sure it was in the services forum, and so far as i can make out he has had 1 loan before, a very small one and paid that back pretty late.
Defo one to stay away from I think !