Loan requested - Business startup

[glennmatthew]

So I take it you won't be sending this guy 13 btc?   

I take it you don't understand community peer-to-peer lending? He's asking for multiple investors, not a single investor to fund the entire loan.

It's not a difficult concept to grasp.

[1714797838]

1714797838

[Vod]

So I take it you won't be sending this guy 13 btc?  

I take it you don't understand community peer-to-peer lending? He's asking for multiple investors, not a single investor to fund the entire loan.

It's not a difficult concept to grasp.

So.. will you be sending this guy 13btc?  Or just a percentage?  Or was I correct in that this is an unsafe loan?

[glennmatthew]

So.. will you be sending this guy 13btc?  Or just a percentage?  Or was I correct in that this is an unsafe loan?

He has 495 trades on eBay with 100% positive feedback. He's opening a bricks-and-mortar shop to expand his business, I called 2 of the neighbouring shops to verify it actually exists.

Yes, I'll be lending him a substantial amount of my money. He's not asking anyone to send him 13btc. So no, you're not correct. Compared to other loans, he is a fairly good risk.

You've given people negative feedback because you don't like how other websites operate. You behaviour is immature and ridiculous.

Have you finished carrying on as the bitcoin lending police yet?

[Vod]

So.. will you be sending this guy 13btc?  Or just a percentage?  Or was I correct in that this is an unsafe loan?

He has 495 trades on eBay with 100% positive feedback. He's opening a bricks-and-mortar shop to expand his business, I called 2 of the neighbouring shops to verify it actually exists.

Yes, I'll be lending him a substantial amount of my money. He's not asking anyone to send him 13btc. So no, you're not correct. Compared to other loans, he is a fairly good risk.

You've given people negative feedback because you don't like how other websites operate. You behaviour is immature and ridiculous.

Have you finished carrying on as the bitcoin lending police yet?

Dude - sounds like a concrete investment!

Have you invested 13btc yet?  If not, can you tell the rest of the investors why not?  He has 495 trades!  

Edit:  Nope, he hasn't invested anything yet.   

[glennmatthew]

Have you invested 13btc yet?  If not, can you tell the rest of the investors why not?  He has 495 trades!  

Edit:  Nope, he hasn't invested anything yet.   

How many times does it need to be explained to you? I can't speak any slower.

I invested in his original loan. It expired. My investment was returned. I will be reinvesting more in his currently published loan, it runs for another fortnight before funding expires. It is a public holiday in Sydney, so I need to wait until the next business day before I can exchange fiat for bitcoin.

Do us a favour, give yourself some negative feedback for being a troll.

[Vod]

Have you invested 13btc yet?  If not, can you tell the rest of the investors why not?  He has 495 trades!  

Edit:  Nope, he hasn't invested anything yet.  

How many times does it need to be explained to you? I can't speak any slower.

I invested in his original loan. It expired. My investment was returned. I will be reinvesting more in his currently published loan, it runs for another fortnight before funding expires. It is a public holiday in Sydney, so I need to wait until the next business day before I can exchange fiat for bitcoin.

Do us a favour, give yourself some negative feedback for being a troll.

https://www.btcjam.com/listings/24011-operating-capital-for-a-new-profitable-retail-store--

I will be reinvesting more in his currently published loan

Nope - you haven't invested 13btc.  You haven't invested anything.     0%.

Why are you attacking me for not investing?  We are on the same page.    

[Pofick]

I don't believe in p2p loaning. Just don't believe in any loaning with interest. Look to the site http://lendstats.com/
ROI is always rising and average age is going down. These two (prosper and lendingclub) are just another financial bubbles.

[antonioserrano72]

I wish everyone that comes here to ask for an investment would go as far at this guy did to earn trust.

[glennmatthew]

I don't believe in p2p loaning. Just don't believe in any loaning with interest.

Sorry, the western world disagrees with you.

[glennmatthew]

I wish everyone that comes here to ask for an investment would go as far at this guy did to earn trust.

+1

[Wattda]

I am new to BTCjam but I like your style..., I only have a few coins but gave you a start. GOOD LUCK!!!!!!!!
Wattda

[BTCmoons]

So.. will you be sending this guy 13btc?  Or just a percentage?  Or was I correct in that this is an unsafe loan?

He has 495 trades on eBay with 100% positive feedback. He's opening a bricks-and-mortar shop to expand his business, I called 2 of the neighbouring shops to verify it actually exists.

Yes, I'll be lending him a substantial amount of my money. He's not asking anyone to send him 13btc. So no, you're not correct. Compared to other loans, he is a fairly good risk.

You've given people negative feedback because you don't like how other websites operate. You behaviour is immature and ridiculous.

Have you finished carrying on as the bitcoin lending police yet?

Dude - sounds like a concrete investment!

Have you invested 13btc yet?  If not, can you tell the rest of the investors why not?  He has 495 trades!  

Edit:  Nope, he hasn't invested anything yet.   

Maybe glen is an alt/sockpuppet of the OP. He seems to be the only one cheering on the OP and who "vouched" for him and claimed to have spoken to other business owners near his business.

Borrowing on BTCJam for this purpose is going to be more expensive and less likely to get funded then borrowing on a site like prosper that lends out fiat (which is what the OP wishes to spend).

[glennmatthew]

Maybe glen is an alt/sockpuppet of the OP. He seems to be the only one cheering on the OP and who "vouched" for him and claimed to have spoken to other business owners near his business.

Borrowing on BTCJam for this purpose is going to be more expensive and less likely to get funded then borrowing on a site like prosper that lends out fiat (which is what the OP wishes to spend).

*Glenn

I did my due diligence before investing in his original loan. Unlike most of the users here, who are too fat and lazy so you call people 'scammers' instead. It's easier, right?

Here's my token: https://ardeva.com/verify/A54317938BBABA3A55685782

I clearly live on the other side of the world to the OP.

Sockpuppet my ass.

[jaelrahab]

i dont understand your post

[slu2]

Thanks for everyone's support.   I have put my face and business to this loan.   I also have collateral in the form of some litecoin, but like everyone else says here, that I could just sell my LTC and not need a loan.  

I bought an A2 Terminator 60 MH/s in May, and I have a small collection of LTC, but that whole concept seems dumb to me.   With Bitcoin and LTC pretty much connected in pricing, it would just make sense for me to sell the LTC and not need the loan.

I also have an income producing 4 plex for sale on this forum, and on Cryptothrift.   I could easily go to the bank and get a loan against that.  

But I came here because I want to involve BTC in my business as much as possible.    I don't have a mortgage on my 4 Plex, because I don't believe in traditional banking.  I paid cash for my 4 plex.  I have the warranty deed in my safety deposit box.  
I would be happy to offer up the deed on that 4 plex for a more substantial loan.  But for a measly $5000, I don't see the point in offering up a lien on the deed because the title insurance and such would cost like 10% of the loan (between $300-$500).  

I would be happy to take phone calls from anyone about my reputation, and my ability to pay the loan back.  In fact I would love to meet anyone in person at my shop.  I would be glad to show you my Bitcoin point of sale, and my Bitcoin ATM.   But that is why I made the video for this.

Collateral is difficult here, or I would gladly offer it up.  

I have a Cadillac Escalade that I have a clear title for.  I suppose we could find a way to use that as collateral.

But using alt-coin is non-sense IMHO.  

This is my recent Litecoin earnings.   Though I have been mining LTC for about 2 years, so this is just the recent stuff.



I get a deposit every 5 days, so I will be getting another one tomorrow.  

Between my rental income, and my LTC mining, I will have no problem paying the loan back.  
It actually would only take one or the other, and not both.  But I have both, and other income as well.

I have been as transparent as possible.

On BTCJam, I have linked all of my social network accounts, my ebay account, my LinkedIn account, I have made a video of me and my store, and I have offered collateral for a large enough loan for it to be worth the while.

What more can I do?



Thanks to

glennmatthew
antonioserrano72
Wattda


Also thanks to Vod for being a gatekeeper here.   However I think you have crossed a line, and are actually discouraging this whole lending process based on?  Im not even sure why you are doing this.   But I hope that we are all here with the same common goal, to promote bitcoin.

I also just made a newspaper and I am having it printed now.

This is a peek at the latest edition;

http://www.makemynewspaper.com/designer/app/open?share=2999554303dbb7afd0&from=facebook_btn

Anything else I can do, besides the lame request of offering LTC?

[slu2]

Offering Alt-Coin as collateral for BTC, is similar to offering an equal amount of cash, for a cash loan.
What would be the point?  LOL

[slu2]

Im opening on Tuesday with or without a loan anyway.   We have some electrical work to get done, and I then we are in business.
A sign for our business would be nice, but not necessary.

Thanks again for everyone with support!

[slu2]

BTW-  For anyone to think I would bail on a $5000 loan, is silly.  My reputation is worth WAY more to me than $5000.
Ive been on Ebay for 12 years, and I have always done straight honest business.   I was on bitmit.net for about 2 years with a bunch of transactions also as a seller.   Im not a scammer, and I would never ruin my rep for a measly $5000.   I make exponentially more than that per month anyway.   That's like a highly paid CEO stealing candy at the gas station, and risking losing his job as CEO for a $.05 piece of candy.  It's silliness.

[Vod]

Im not a scammer, and I would never ruin my rep for a measly $5000.   I make exponentially more than that per month anyway.   

$5,000 to the power of 2 is $25,000,000
$5,000 to the power of 3 is $125,000,000,000,000,000,000

Which one of those do you make per month?  Or is it more??   

[BitcoinPappi]

Im not a scammer, and I would never ruin my rep for a measly $5000.   I make exponentially more than that per month anyway.   

$5,000 to the power of 2 is $25,000,000
$5,000 to the power of 3 is $125,000,000,000,000,000,000

Which one of those do you make per month?  Or is it more??   

Vod, you seem to be trolling OP. He has done a lot more than others that have been requesting loans. Additionally he is willing to put out a lien on his property(vehicle etc) but for a greater amount.

At the end of the day the loan is being requested on BTCJam . Give him a chance at least. Most of us here are adults and can do our own due diligence, if at the end of the day anyone gets scammed be happy that you did not invest. But everyone can make their own decisions.