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Author Topic: Magic Loans & Escrow  (Read 44605 times)
Magic8Ball (OP)
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October 20, 2014, 07:57:24 PM
Last edit: November 12, 2014, 11:24:59 AM by Magic8Ball
 #1

I am willing to lend if you have solid collateral and/or high trust. Jr. Member and lower accounts are not acceptable as collateral.
Post requests at least above 0.06 BTC.

Post requests here mentioning amount needed, term and interest.

Loans need to be repaid to 1HCzqGjDUjmV53LJNrrFQhyF5nvgoSufAp

*Opening a new thread as the earlier one was a self-moderated thread https://bitcointalk.org/index.php?topic=828925.0

*Added on 23/10/2014: If you default on loan, the collateral will be liquidated and the income kept in full unless a request for an extension with an additional interest is accepted. Depending on the initial collateral provided, you may be asked to submit a fresh collateral over and above the existing one.

*Added on 31/10/2014: I see that there are quite a few new loanees here who are being asked to keep collateral in escrow. I can do that if anybody is interested.

*Added on 4/11/2014: The late fee is a flat 0.01 BTC a day unless it is negotiated.
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Magic8Ball (OP)
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October 20, 2014, 07:58:18 PM
Last edit: July 12, 2015, 06:55:33 AM by Magic8Ball
 #2

Loanee - Returned/Outstanding - Status

Sickler - 0.17 BTC - repaid after extension
Marcc' - 0.35 BTC - repaid
crazyod' - 0.12 BTC - repaid with tip
Sickler - 0.19 BTC - repaid with late fee
meat - 0.10 BTC - repaid
Sickler - 0.27 BTC - repaid with late fee
kcanup - 0.13 BTC - repaid
oscarftw - 0.11 BTC - repaid
Sickler - 0.20 BTC - repaid
kcanup - 0.20 BTC - repaid
kcanup - 0.25 BTC - repaid after extension
Marcc' - 1.00 BTC - repaid with late fee
moni3z - 0.70 BTC - repaid
arklan - 1.20 BTC - repaid with late fee
goose20 - 0.14 BTC - repaid
ndnhc - 0.32 BTC - repaid with tip
kcanup - 0.60 BTC - repaid
BitcoinBarrel - 2.30 BTC - repaid with tip
waterpile - 0.25 BTC - repaid
bassguitarman - 0.47 BTC - repaid
lemipawa - 0.17 BTC - collateral sold
kcanup - 0.50 BTC - repaid
waterpile - 0.12 BTC - repaid
omahapoker - 0.0.48 BTC - collateral sold
Magic8Ball (OP)
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October 20, 2014, 07:58:41 PM
 #3



Amount Needed: 0.125 BTC
Collateral: Zen Miner hashlets
Term: 3 Days
Interest: 0.0125
Return: 0.15



BTC ADDY: 1FnqxQWZPoJsAdYdmxP5RsSPkDTyfFSn8z

Collateral received, 0.125 BTC sent at 7:39 pm GMT

https://blockchain.info/tx/d32533d36e0ade0d73ea946b919cc49fc75d36c6e03537541bb10dfbe9cf6a4d

Please return 0.15 BTC in 3 days to 1HCzqGjDUjmV53LJNrrFQhyF5nvgoSufAp



Sorry my math was off lmao


0.0375 interest!!

Amount to be received in 3 days: 0.1625 BTC

Good luck on your investment.

Magic8Ball (OP)
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October 22, 2014, 12:41:31 PM
 #4

Hello I need 0.1BTC for 7 days %10 rate

Wallet address : 16LkidvfE6nLxyP1KLdgmy92CzqEdEx1bw

Will accept if you

1. increase the interest to 12%
2. provide your account as collateral.
Watoshi-Dimobuto
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October 23, 2014, 10:13:56 AM
 #5

Hello I need 0.07BTC for 4 days %10 rate

Wallet address : 16LkidvfE6nLxyP1KLdgmy92CzqEdEx1bw

Account will be my collateral.

This user has a pending loan of 0.2BTC from me and 0.2BTC from another member.
Magic8Ball (OP)
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October 23, 2014, 10:17:09 AM
 #6

Hello I need 0.07BTC for 4 days %10 rate

Wallet address : 16LkidvfE6nLxyP1KLdgmy92CzqEdEx1bw

Account will be my collateral.

This user has a pending loan of 0.2BTC from me.

What was the collateral?

I am willing to lend him the amount as he is keeping his account as collateral. But if you wish to lend him this amount I will let you instead.
Watoshi-Dimobuto
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October 23, 2014, 10:18:37 AM
 #7

Hello I need 0.07BTC for 4 days %10 rate

Wallet address : 16LkidvfE6nLxyP1KLdgmy92CzqEdEx1bw

Account will be my collateral.

This user has a pending loan of 0.2BTC from me.

What was the collateral?

I am willing to lend him the amount as he is keeping his account as collateral. But if you wish to lend him this amount I will let you instead.

it was a non-collateral loan.

You may lend him, but after he pays my loan.
Magic8Ball (OP)
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October 23, 2014, 10:43:45 AM
 #8

Hello I need 0.07BTC for 4 days %10 rate

Wallet address : 16LkidvfE6nLxyP1KLdgmy92CzqEdEx1bw

Account will be my collateral.

This user has a pending loan of 0.2BTC from me.

What was the collateral?

I am willing to lend him the amount as he is keeping his account as collateral. But if you wish to lend him this amount I will let you instead.

it was a non-collateral loan.

You may lend him, but after he pays my loan.

Alright then.

oscarftw, have to deny your request for now.
crazyoddman
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October 23, 2014, 12:14:10 PM
Last edit: October 23, 2014, 01:50:47 PM by crazyoddman
 #9

Loan request : 0.07 BTC
Repayment: 0.1 BTC
Date: 4 November 2014
Address: 1PigDBscqvpybGi7cTHhywyPa9rimWh6dJ
Collateral: 2 Member Accounts
Magic8Ball (OP)
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October 23, 2014, 01:59:16 PM
 #10

Loan request : 0.07 BTC
Repayment: 0.1 BTC
Date: 4 November 2014
Address: 1PigDBscqvpybGi7cTHhywyPa9rimWh6dJ
Collateral: 2 Member Accounts

Accepted, accounts taken in possession.

Sent 0.07 BTC https://blockchain.info/tx/bb124ee2ed9ef20e5a36891ab4eca2752a10ec28f3d09408b61f6b57763c7cab

Please repay 0.1 BTC by 4th of November to 1HCzqGjDUjmV53LJNrrFQhyF5nvgoSufAp
Magic8Ball (OP)
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October 23, 2014, 08:39:23 PM
 #11

I am willing to lend if you have collateral. I will be happy to take a lesser interest rate if you have solid collateral.

Post requests here mentioning amount needed, term and interest.

Loans need to be repaid to 1HCzqGjDUjmV53LJNrrFQhyF5nvgoSufAp

*Opening a new thread as the earlier one was a self-moderated thread https://bitcointalk.org/index.php?topic=828925.0

*Added on 23/10/2014: If you default on loan, the collateral will be liquidated and the income kept in full unless a request for an extension with an additional interest is accepted. Depending on the initial collateral provided, you may be asked to submit a fresh collateral over and above the existing one.

Please note the addition.
Magic8Ball (OP)
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October 23, 2014, 10:09:11 PM
 #12

Loan request : 2.15 BTC
Repayment: 2.3005 BTC (7% interest)
Date: Tuesday, 28th October
Address: 1LmdqfAsW1FGBxbRbgh3yhzkDFhcWSNb8T
Collateral: Cloud Mining Account.

Check your PM for further info regarding collateral.

Thank you.

EDIT: Repayment amended to suit 7% as per lender agreement.

Accepting pending a message from Vod.
meat
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October 23, 2014, 10:49:14 PM
 #13

Seeking .2 btc loan

10% interest 5 days

1HT2D1vb7xqxngG7dMohGwkWEK1rSuPthA

Account as collateral

Have paid back over 5 loans on here
Sickler
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October 24, 2014, 12:20:57 AM
 #14



Loan Extension Request


Duration: 2 days after today

Interest: 0.01 per day

Final amount to be repaid: 0.17 (initial 0.15 + 0.02)
Magic8Ball (OP)
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October 24, 2014, 08:08:26 AM
 #15

Seeking .2 btc loan

10% interest 5 days

1HT2D1vb7xqxngG7dMohGwkWEK1rSuPthA

Account as collateral

Have paid back over 5 loans on here

Denied. The collateral value is not enough.



Loan Extension Request


Duration: 2 days after today

Interest: 0.01 per day

Final amount to be repaid: 0.17 (initial 0.15 + 0.02)

Accepted. Please send 0.17 BTC by 25th October (Saturday) to 1HCzqGjDUjmV53LJNrrFQhyF5nvgoSufAp
yenzae0215
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October 24, 2014, 08:32:10 AM
 #16

Amount of BTC wanted: .02
Collateral: My account
Date Of Repayment: 7days
Interest: 10%
Address: 12R9SPJBoiXmJiQ23HwM38gEWoBZ6FWk31

Banned**
Sickler
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October 25, 2014, 06:31:35 AM
 #17





Returned my loan with the extra interest even though I only used it for one day longer.



TXID:  1a2f2ea9bf43c49d3409c832d559c8d592794e9bd74bfcb72770782763d9d408



Amount Returned: 0.17 BTC to the BTC addy in your OP.
krishnapramod
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October 25, 2014, 06:59:34 AM
 #18

Why did I get a negative rating when I have not got a single loan. I just have 4 posts on BitcoinTalk till now, on what basis is this negative rating has been given? Whoever has given this rating is just f****** out of his mind Angry

If you do not want to give me a loan fine, but why the hell negative rating.
tins
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October 25, 2014, 07:08:01 AM
 #19

Why did I get a negative rating when I have not got a single loan. I just have 4 posts on BitcoinTalk till now, on what basis is this negative rating has been given?
...
but why the hell negative rating.

I would guess it is because you didn't read the rules of the Lending section before asking for a loan with no collateral and only 4 posts under your belt. It is one thing for a member that has been around for a long time contributing to this forum to ask for a small loan with no collateral. But if a person cannot be bothered to contribute a little bit before begging for coins, they tend to turn up in the red.
Vod
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October 25, 2014, 07:22:24 AM
 #20

Why did I get a negative rating when I have not got a single loan. I just have 4 posts on BitcoinTalk till now, on what basis is this negative rating has been given? Whoever has given this rating is just f****** out of his mind Angry

If you do not want to give me a loan fine, but why the hell negative rating.

It costs you no time or resources at all to create an account and ask for a loan.  You are unlikely to pay the loan back.  That is why I don't trust you.

You'll now make a new account and try again...

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