It isn't possible to 100% collateralize anything denominated in BTC.
Theoretically, you could use Coinapult LOCKS service if you are outside of the US.
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Hi, I'm looking for a very large dollar/fiat loan and have or can collect the equivalent BTC for collateral. Looking for $1-3 million dollars for a large project; I have a complete business plan and financials for review as well.
PM me if anyone is interested.
Are you looking to borrow $1,000,000 in dollars that is secured by $1,000,000 worth of bitcoin? If this is the case then the lender would be taking on a lot of risk as he would essentially be allowing you to purchase a million dollars worth of bitcoin at current prices regardless of where the price of bitcoin goes in the future. If the price of bitcoin goes down then you will default on the loan, if the price goes up then you repay the loan. PM me if anyone is interested.
Also you would need to find a trusted escrow to hold ~2,800 BTC which is more then what most escrow services should be trusted to hold.
Are you able to sign an address containing as much bitcoin?
Kind of- what I'm looking for ideally is something between a loan and investment. I would be borrowing $1,000,000 and paying back $1,000,000 plus (equity in company or interest based on investors choice). My business plan provides solid economics and payback times, and 2,800 BTC provides additional security that my skin is seriously in the game/the investors have additional recourse beyond what the business plan already provides.
Since everything is denominated in USD, the only thing the investor is hedging on is that Bitcoin doesn't completely crash to 0 thus killing my business and the collateral. The thing I don't want to risk is that I'm out of the btc world significantly when it rises again.
Yes, given some short notice I can get signatures from addresses containing as much BTC.
The escrow would be done with a 2 of 3 BTC address and a trusted mediator to resolve any disputes.
This would be done in a legally binding contract. (Not some random operation)
1. The rights to any unspent funds (not all of the investment is spent at once)
2. The rights to resale value of the things bought(resale value of approximately 20% of the original value)
3. Rapid payback by getting a large guaranteed percentage of profits until payback (Can be put into a contract, but wouldn't help if profits didn't come, hence it is important they see the business plan and understand it as an investment)
4. The rights to the resale value of a large expense that may take some significant time to resell(up to a few years, approximately 20% of the original value)
The return schedule, while not guaranteed, is pretty rapid.
Also if you are not going to spend all of the borrowed funds all at once then why borrow all at once? Why would you not want to have a line of credit type situation where you would draw funds as you need them, saving you somewhat on interest?
Hi, I'm looking for a very large dollar/fiat loan and have or can collect the equivalent BTC for collateral. Looking for $1-3 million dollars for a large project; I have a complete business plan and financials for review as well.
PM me if anyone is interested.
Are you looking to borrow $1,000,000 in dollars that is secured by $1,000,000 worth of bitcoin? If this is the case then the lender would be taking on a lot of risk as he would essentially be allowing you to purchase a million dollars worth of bitcoin at current prices regardless of where the price of bitcoin goes in the future. If the price of bitcoin goes down then you will default on the loan, if the price goes up then you repay the loan. PM me if anyone is interested.
Also you would need to find a trusted escrow to hold ~2,800 BTC which is more then what most escrow services should be trusted to hold.
Are you able to sign an address containing as much bitcoin?
Kind of- what I'm looking for ideally is something between a loan and investment. I would be borrowing $1,000,000 and paying back $1,000,000 plus (equity in company or interest based on investors choice). My business plan provides solid economics and payback times, and 2,800 BTC provides additional security that my skin is seriously in the game/the investors have additional recourse beyond what the business plan already provides.
Since everything is denominated in USD, the only thing the investor is hedging on is that Bitcoin doesn't completely crash to 0 thus killing my business and the collateral. The thing I don't want to risk is that I'm out of the btc world significantly when it rises again.
Yes, given some short notice I can get signatures from addresses containing as much BTC.
The escrow would be done with a 2 of 3 BTC address and a trusted mediator to resolve any disputes.
Since everything is denominated in USD, the only thing the investor is hedging on is that Bitcoin doesn't completely crash to 0 thus killing my business and the collateral.
So your business model is tied to the bitcoin rate?
Hi, I'm looking for a very large dollar/fiat loan and have or can collect the equivalent BTC for collateral. Looking for $1-3 million dollars for a large project; I have a complete business plan and financials for review as well.
PM me if anyone is interested.
Are you looking to borrow $1,000,000 in dollars that is secured by $1,000,000 worth of bitcoin? If this is the case then the lender would be taking on a lot of risk as he would essentially be allowing you to purchase a million dollars worth of bitcoin at current prices regardless of where the price of bitcoin goes in the future. If the price of bitcoin goes down then you will default on the loan, if the price goes up then you repay the loan. PM me if anyone is interested.
Also you would need to find a trusted escrow to hold ~2,800 BTC which is more then what most escrow services should be trusted to hold.
Are you able to sign an address containing as much bitcoin?
Hi, I'm looking for a very large dollar/fiat loan and have or can collect the equivalent BTC for collateral. Looking for $1-3 million dollars for a large project; I have a complete business plan and financials for review as well.
PM me if anyone is interested.
I am sorry to tell you that no one is going to lend you a million dollars on here. I would doubt that even most people even have a million dollars to lend you if it was an appropriate risk. PM me if anyone is interested.
From what I have seen you will pay a higher rate and lenders will have stricter lending standards then if you were to take out a loan at the bank.
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