Topic: 1.189 BTC LOAN NEEDED (Read 408 times)

Hello Guys am developer
i have developed a platform where all African countries can buy bitcoin with their mobile money wallets.
bitcoin selling has much profit in Africa since there is no bitcoin stores. most people buy from localbitcoin and paxful using western union or moneygam from exchangers

right now i have mobile money api integrated on my web  in /UGANDA - MTN, AIRTEL / KENYA -MPESA / GHANA - MTN, AIRTEL/ NIGERIA - MTN / TOGO -Moov / BENIN - MTN / RWANDA - MTN

the system is working 100% everyone can send and receive but cant buy bitcoin. - BITROOT.US

i am looking for loan of 1.189 BTC to start selling bitcoin
the profit comes from transactions made from buyers thats 2$ per transaction
and other profit comes from bitcoin transactions address to address transfers which i charge 0.70$ per transaction

so all payments made using mobile money wallet my income goes  to my mobile money wallet service provider then i withdraw. and as well i buy other bitcoin using bitcoin merchant.
so there is nothing to loose just need start-up only

i have everything ready
company registration
my id: passport
and all required papers for investor are ready
to avoid scamming or showing my legit
i wont share my contacts. just visit the website bitroot.us and go to who.is enter the domain my details  phone and email will appear. so u can contact me
this is my bitcoin address:     1QJwVaswH1EuwPMJEhDtKmx6CsYKTyZqJo    i have almost received like $ 11,860.65 so am not new to bitcoin. as well i can send little coin to ur address to confirm that am the owner of the btc address

the profit comes from transactions made from buyers thats 2$ per transaction

and other profit comes from bitcoin transactions address to address transfers which i charge 0.70$ per transaction

so all payments made using mobile money wallet my income goes  to my mobile money wallet service provider then i withdraw. and as well i buy other bitcoin using bitcoin merchant.
so there is nothing to loose just need start-up only

1QJwVaswH1EuwPMJEhDtKmx6CsYKTyZqJo    i have almost received like $ 11,860.65 so am not new to bitcoin. as well i can send little coin to ur address to confirm that am the owner of the btc address

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Items they want to sell.  They don't want it back, so they will default.  It's scammy unethical behavior and will lead to negative trust.  Check their recent posts!
- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over 6 months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)  Examples:  Steam
 
When should you use Escrow?

 - Never send collateral directly to a low activity/post account offering you a loan, as they are likely to take your coins and disappear. (Collateral Scam)
 - Use only "Hero Members" or "Legendary Members" for escrow - they have a vested interest in the community with the time they have spent here.
 - Do not use a third party escrow service unless hero members can vouch for it - it's too easy to create a website, do a few escrows then disappear with a big balance.  Rinse and repeat.
- A list of trusted escrows can be found here:  https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
 
When considering the trustworthiness of a user, ignore "Posts" as there are schemes that pay a user per post.  A person can make 1,000 useless posts in one day and contribute nothing to the community.  Instead look at the "Activity" number - that gives you a more accurate tally of how involved the user is in the community.

Ignore the sob stories that users post - it's just a scam to get your coins.  If a person really is in such a situation, they can turn to family, friends or other social circles they frequent.  They are just posting in our community because the payment is anonymous and irreversible.