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Topic: 5BTC loan for 2 months. 0.75BTC interest paid on July 1st (can offer collateral) - page 2. (Read 1524 times)

legendary
Activity: 2324
Merit: 1125
Proposition: I am wanting to borrow BTC7 for a period of 60 days. I will pay BTC1 in interest and repay debt in full on the 30th of July.
Collateral: I can offer up my ownership of Asicminer (2 shares), RSM (625 shares) and Crypto-trade (25 shares) stock @ btc-tc.co as collateral (value @ current around BTCCool and I am willing to make this official through a escrow holding trusted forum member who I will give rights to transfer the shares out of my account if I default on the loan. I can also offer payment for the loan in FIAT (USD) via wire transfer or paypal on default at MTGox spot price +10%.

You transfer the shares out of your account before you receive the coins.  Then when you pay the loan back, the shares get transferred back to you.



I might absolutely be willing to do this. Do you have a btc-tc.co account? Are you interested in filling the loan? If I do transfer the shares out I would like the borrower to agree to not liquidate any assets(shares) should the value at any time in the 2 months drop below the loan amount.

Update: Just noticed that I actually have just over BTC2 in my trading account so I will only need BTC5 so I altered the request to BTC5 with BTC0.75 interest rate over 60 days.

I'm also interested under these conditions (I do have a btc-tc account, but am unsure whether it is possible to transfer assets). Of course I would agree to not liquidate anything (it is collateral after all), but we would have to arrange what we would do if the market value of the collateral drops below the loan value (not extremely likely as collateral is 160% of outstanding principal).

Let me know.
full member
Activity: 308
Merit: 102
How do you transfer shared on btc-tc ? I know it can be done in bitfunder. I might be interested in this if there is an easy way to transfer btc-tc shares (pending other info).
full member
Activity: 224
Merit: 100
Proposition: I am wanting to borrow BTC7 for a period of 60 days. I will pay BTC1 in interest and repay debt in full on the 30th of July.
Collateral: I can offer up my ownership of Asicminer (2 shares), RSM (625 shares) and Crypto-trade (25 shares) stock @ btc-tc.co as collateral (value @ current around BTCCool and I am willing to make this official through a escrow holding trusted forum member who I will give rights to transfer the shares out of my account if I default on the loan. I can also offer payment for the loan in FIAT (USD) via wire transfer or paypal on default at MTGox spot price +10%.

You transfer the shares out of your account before you receive the coins.  Then when you pay the loan back, the shares get transferred back to you.



I might absolutely be willing to do this. Do you have a btc-tc.co account? Are you interested in filling the loan? If I do transfer the shares out I would like the borrower to agree to not liquidate any assets(shares) should the value at any time in the 2 months drop below the loan amount.

Update: Just noticed that I actually have just over BTC2 in my trading account so I will only need BTC5 so I altered the request to BTC5 with BTC0.75 interest rate over 60 days.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
Proposition: I am wanting to borrow BTC7 for a period of 60 days. I will pay BTC1 in interest and repay debt in full on the 30th of July.
Collateral: I can offer up my ownership of Asicminer (2 shares), RSM (625 shares) and Crypto-trade (25 shares) stock @ btc-tc.co as collateral (value @ current around BTCCool and I am willing to make this official through a escrow holding trusted forum member who I will give rights to transfer the shares out of my account if I default on the loan. I can also offer payment for the loan in FIAT (USD) via wire transfer or paypal on default at MTGox spot price +10%.

You transfer the shares out of your account before you receive the coins.  Then when you pay the loan back, the shares get transferred back to you.

full member
Activity: 224
Merit: 100
I am looking to make a possibly risky investment in a yet unproven ASIC miner, and would prefer not to liquidate my ASICMINER, RSM and CRYPTO-TRADE shares (Will be given as collateral through escrow if needed).

Proposition: I am wanting to borrow BTC5 for a period of 60 days. I will pay BTC0.75 in interest and repay debt in full on the 30th of July.
Collateral: I can offer up my ownership of Asicminer (2 shares), RSM (625 shares) and Crypto-trade (25 shares) stock @ btc-tc.co as collateral (value @ current around BTC8 ) and I am willing to make this official through a escrow holding trusted forum member who I will give rights to transfer the shares out of my account if I default on the loan. I can also offer payment for the loan in FIAT (USD) via wire transfer or paypal on default at MTGox spot price +10%.

I prefer to deal with a loan provider in the US to avoid language barriers.

If there is anything a possible loan provider can think of that I have missed please feel free to ask/add to this. I have a mention as an honest trader over at https://bitcointalksearch.org/topic/list-of-honest-traders-484
and can provide ebay feedback etc. if that matters. I can also if requested provide loan payment and/or interest in LTC as I am currently running mining over at Hypernova (TheSwede) @ around 700 KH/Sek and have a small stash of LTC as well.
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