I can confirm that the above is my PM. It does seem like it could work, but I'm not entirely sure.
People have had ideas of the like in the past.
Topic: .. (Read 3107 times)
How would collateral of over 4000BTC work in a situation like this? Due to the volatile nature of markets, I'm assuming that in the contract there would be a clause stating that the bitcoin couldn't be liquidated if it drops to 100% of the loan amount?.
What is your business plan JaredR26? I'm curious.
What is your business plan JaredR26? I'm curious.
This is the Bitcoin world and I, like everyone else, am somewhat paranoid. Moreover, I do need to protect the ideas I have for my competitive advantage. I'll PM you with some info if you will keep it to yourself but publicly vouch that I do in fact have something and the experience to bring it to fruition. (You wouldn't need to vouch that it is as solid as I've claimed, as I can't share all of the details with you [Lawyer's orders, a bunch of stuff needs to be protected via trade secret laws]. Just vouch that it is substantive and looks like what I'm claiming.) Fair?
Sure. Awaiting a PM.
I can verify that JaredR26 is indeed the original account holder, so this isn't a case of a purchased/hacked account coming back online after a considerable period of inactivity. And since he's offering BTC as collateral, I don't see any issue with this one. However, I would advise JaredR26 against entertaining offers from newbie accounts, or at least have a trusted 3rd party hold escrow.
While this may prove that JaredR26 is not a purchased account (to a degree, - and assuming one can find an unedited post containing that address) it does not prove that he controls over a million dollars worth of bitcoin.Address. 16hmV8PcAsgdS2HtUfafN8kH5Wg5d9tCLM
--------- Mesage --------
This account is controlled by the original JaredR26. Signed on 11/10/2014 for Tomatocage
-------- Signature -------
HMBlZXZvLVoXLXG5COQAZ8N1T1rpfPnukMNxEqGIBOJxVbkDnMF27jD7f9vB+zazsrLhiAAQVJ1Su6/mK6Ir53I=
-------------------------
--------- Mesage --------
This account is controlled by the original JaredR26. Signed on 11/10/2014 for Tomatocage
-------- Signature -------
HMBlZXZvLVoXLXG5COQAZ8N1T1rpfPnukMNxEqGIBOJxVbkDnMF27jD7f9vB+zazsrLhiAAQVJ1Su6/mK6Ir53I=
-------------------------
In regards to your escrow suggestion, I think it falls short of the OP protecting himself. I think he should use something along the lines of 3 of 4 (or even 4 of 5) multisig escrow with two (or three) escrow providers each controlling one key needed to sign a message AND to "test" the multisig address with small amounts to make sure all parties fully understand how to sign a TX in this way to prevent funds from potentially being lost.
That was the idea I had, a 3-of-4 escrow with two trusted third parties.
I can verify that JaredR26 is indeed the original account holder, so this isn't a case of a purchased/hacked account coming back online after a considerable period of inactivity. And since he's offering BTC as collateral, I don't see any issue with this one. However, I would advise JaredR26 against entertaining offers from newbie accounts, or at least have a trusted 3rd party hold escrow.
While this may prove that JaredR26 is not a purchased account (to a degree, - and assuming one can find an unedited post containing that address) it does not prove that he controls over a million dollars worth of bitcoin.Address. 16hmV8PcAsgdS2HtUfafN8kH5Wg5d9tCLM
--------- Mesage --------
This account is controlled by the original JaredR26. Signed on 11/10/2014 for Tomatocage
-------- Signature -------
HMBlZXZvLVoXLXG5COQAZ8N1T1rpfPnukMNxEqGIBOJxVbkDnMF27jD7f9vB+zazsrLhiAAQVJ1Su6/mK6Ir53I=
-------------------------
--------- Mesage --------
This account is controlled by the original JaredR26. Signed on 11/10/2014 for Tomatocage
-------- Signature -------
HMBlZXZvLVoXLXG5COQAZ8N1T1rpfPnukMNxEqGIBOJxVbkDnMF27jD7f9vB+zazsrLhiAAQVJ1Su6/mK6Ir53I=
-------------------------
In regards to your escrow suggestion, I think it falls short of the OP protecting himself. I think he should use something along the lines of 3 of 4 (or even 4 of 5) multisig escrow with two (or three) escrow providers each controlling one key needed to sign a message AND to "test" the multisig address with small amounts to make sure all parties fully understand how to sign a TX in this way to prevent funds from potentially being lost.
How would collateral of over 4000BTC work in a situation like this? Due to the volatile nature of markets, I'm assuming that in the contract there would be a clause stating that the bitcoin couldn't be liquidated if it drops to 100% of the loan amount?.
What is your business plan JaredR26? I'm curious.
I will be watching this address for any incoming transactions.
What is your business plan JaredR26? I'm curious.
I can verify that JaredR26 is indeed the original account holder, so this isn't a case of a purchased/hacked account coming back online after a considerable period of inactivity. And since he's offering BTC as collateral, I don't see any issue with this one. However, I would advise JaredR26 against entertaining offers from newbie accounts, or at least have a trusted 3rd party hold escrow.
Address. 16hmV8PcAsgdS2HtUfafN8kH5Wg5d9tCLM
--------- Mesage --------
This account is controlled by the original JaredR26. Signed on 11/10/2014 for Tomatocage
-------- Signature -------
HMBlZXZvLVoXLXG5COQAZ8N1T1rpfPnukMNxEqGIBOJxVbkDnMF27jD7f9vB+zazsrLhiAAQVJ1Su6/mK6Ir53I=
-------------------------
--------- Mesage --------
This account is controlled by the original JaredR26. Signed on 11/10/2014 for Tomatocage
-------- Signature -------
HMBlZXZvLVoXLXG5COQAZ8N1T1rpfPnukMNxEqGIBOJxVbkDnMF27jD7f9vB+zazsrLhiAAQVJ1Su6/mK6Ir53I=
-------------------------
I will be watching this address for any incoming transactions.
I can verify that JaredR26 is indeed the original account holder, so this isn't a case of a purchased/hacked account coming back online after a considerable period of inactivity. And since he's offering BTC as collateral, I don't see any issue with this one. However, I would advise JaredR26 against entertaining offers from newbie accounts, or at least have a trusted 3rd party hold escrow.
Address. 16hmV8PcAsgdS2HtUfafN8kH5Wg5d9tCLM
--------- Mesage --------
This account is controlled by the original JaredR26. Signed on 11/10/2014 for Tomatocage
-------- Signature -------
HMBlZXZvLVoXLXG5COQAZ8N1T1rpfPnukMNxEqGIBOJxVbkDnMF27jD7f9vB+zazsrLhiAAQVJ1Su6/mK6Ir53I=
-------------------------
--------- Mesage --------
This account is controlled by the original JaredR26. Signed on 11/10/2014 for Tomatocage
-------- Signature -------
HMBlZXZvLVoXLXG5COQAZ8N1T1rpfPnukMNxEqGIBOJxVbkDnMF27jD7f9vB+zazsrLhiAAQVJ1Su6/mK6Ir53I=
-------------------------
.... And I don't want to / can't sell the coin. .....
Sorry if I'm overlooking something quite obvious, but why wouldn't you consider looking for someone who would be able to buy $1 million of btc from you? I'm not claiming it'd be easy, but a lot more probable, I think, than finding a qualified and willing lender.
Then you need to lower your expectations. Bitcoin is not a magic wand.
What's the difference? Oh yeah, you don't have BTC. I don't need to beg for it.
https://www.dropbox.com/s/l90sovbv58mztrg/btc.PNG?dl=0
Then why are you asking for a loan?
Can you list the address of those bitcoin here?
Then you need to lower your expectations. Bitcoin is not a magic wand.
What's the difference? Oh yeah, you don't have BTC. I don't need to beg for it.
What did I do to piss you off, exactly?
Is everyone you decide you dislike automatically a scammer by the grace of vod?
Given that what I'm asking for is a collateralized expansion of an already profitable operation with physical assets, cashflow, and a patent on file, and not a speculative project needing organization/guidance or "bounty campaigns, advertising etc," it clearly fits better where I posted it, not where you suggested. Your snarky comments only make you look like you have a bone to pick, which is why I ask again, what did I do to piss you off?
Is everyone you decide you dislike automatically a scammer by the grace of vod?
Given that what I'm asking for is a collateralized expansion of an already profitable operation with physical assets, cashflow, and a patent on file, and not a speculative project needing organization/guidance or "bounty campaigns, advertising etc," it clearly fits better where I posted it, not where you suggested. Your snarky comments only make you look like you have a bone to pick, which is why I ask again, what did I do to piss you off?
You asked for a three million dollar loan without collateral. AND you didn't capitalize my name.
Good to know you don't believe in BTC. Though I'm confused about the 340 page post history you have here... If you don't believe in BTC, it seems like trolling /b/ or /r/twoxchromosomes would be much more profitable for you.
BTC has made my early retirement possible. I believe in it 100%. Sorry you are confused.
What did I do to piss you off, exactly?
Is everyone you decide you dislike automatically a scammer by the grace of vod?
Given that what I'm asking for is a collateralized expansion of an already profitable operation with physical assets, cashflow, and a patent on file, and not a speculative project needing organization/guidance or "bounty campaigns, advertising etc," it clearly fits better where I posted it, not where you suggested. Your snarky comments only make you look like you have a bone to pick, which is why I ask again, what did I do to piss you off?
Is everyone you decide you dislike automatically a scammer by the grace of vod?
Given that what I'm asking for is a collateralized expansion of an already profitable operation with physical assets, cashflow, and a patent on file, and not a speculative project needing organization/guidance or "bounty campaigns, advertising etc," it clearly fits better where I posted it, not where you suggested. Your snarky comments only make you look like you have a bone to pick, which is why I ask again, what did I do to piss you off?
You asked for a three million dollar loan without collateral. AND you didn't capitalize my name.
What part of that confused you into thinking I was asking for a normal straight collateralized loan?
The area of the forum you posted it in.
Should have posted in "Project Development" or "Hopes and Dreams".
You can move the thread via the control at lower left.
Waiting your address ... we can exchange more information about this.
are you really serious? this is my first time to see a newbie wants to fund this things
Return what money?
The money you borrowed from the bank.
Nice to see where your head is at though.
I don't want a million dollars from a bank, I don't want to take that kind of risk on myself outside the Bitcoin world.
The bank would require you to return the money and force you into bankruptcy.
Clearly you don't have faith in the business yourself, and you are hoping you don't have to repay the bitcoin "loan".
Exactly what I thought Vod. If there is a risk big enough for you to fear you can't pay it back to the bank, you should fear it just as much in Bitcoin
You have to realize if you default over a million dollars, you're probably going to have a h1tm4n hired on you or something. It only costs so much to hire a hacker, etc.
No bank is going to lend an unestablished Bitcon based business a million dollars or more. It doesn't matter how confident I am.
Then you need to lower your expectations. Bitcoin is not a magic wand.
I don't want a million dollars from a bank, I don't want to take that kind of risk on myself outside the Bitcoin world.
The bank would require you to return the money and force you into bankruptcy.
Clearly you don't have faith in the business yourself, and you are hoping you don't have to repay the bitcoin "loan".
Exactly what I thought Vod. If there is a risk big enough for you to fear you can't pay it back to the bank, you should fear it just as much in Bitcoin
You have to realize if you default over a million dollars, you're probably going to have a h1tm4n hired on you or something. It only costs so much to hire a hacker, etc.
I don't want a million dollars from a bank, I don't want to take that kind of risk on myself outside the Bitcoin world.
The bank would require you to return the money and force you into bankruptcy.
Clearly you don't have faith in the business yourself, and you are hoping you don't have to repay the bitcoin "loan".
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