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Author Topic: [CLOSED][LOAN][PAID BACK] .25BTC Loan 25% Interest 7 Day Loan  (Read 1235 times)
BurtW
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April 18, 2012, 02:41:38 PM
 #21

Well all my future loans are going to be backed by shares on glbse worth atleast the full value of the loan. So any loans i seek should have the lowest risk. Also I bought 3 more 5770 that should be online in around a week.That should bring my total to 6 5770(Including 1 card that is being RMA).

http://p2pmining.com/?method=miner&data=1JkxLX3FC8dovhcSSAEVyb6Z7786PPqvXK

http://blockchain.info/fb/1jkxl

If his future loans will all be backed with 100% collateral then he cannot scam anyone.  Or am I missing something.  Come to IBM anytime for a fully backed loan and I will even give you a break on the interest.

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April 18, 2012, 02:47:01 PM
 #22

If his future loans will all be backed with 100% collateral then he cannot scam anyone.  Or am I missing something.  Come to IBM anytime for a fully backed loan and I will even give you a break on the interest.

If he's willing to put his GLBSE shares in a escrow as a collateral then it's cool. But also there is no point of asking for small loans for rep, with collateral he can ask for as much as he has of collateral.
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April 18, 2012, 02:51:04 PM
 #23

If his future loans will all be backed with 100% collateral then he cannot scam anyone.  Or am I missing something.  Come to IBM anytime for a fully backed loan and I will even give you a break on the interest.

If he's willing to put his GLBSE shares in a escrow as a collateral then it's cool. But also there is no point of asking for small loans for rep, with collateral he can ask for as much as he has of collateral.


Depending on the perceived value of the collateral.

The collateral for this loan did not cover interest, and in larger quantities one would also need to take into account that selling the collateral if necessary could result in a large decrease in price if there is not enough liquidity.

For a $1 loan, I wasn't so concerned. I did it more for the novelty.

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April 19, 2012, 03:14:28 AM
 #24

Be it noted that RandomQ has repaid this loan early and I have returned the BTCSYN share lodged as collateral.

Smooth transaction with minimal risk for me. Future potential lenders should read the whole thread before making decision based upon this loan.

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April 20, 2012, 03:28:26 AM
 #25

Thanks for everyone help, Please read the entire thread Smiley

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