680 BTC Loan? - page 2. | Bitcointalksearch.org

BurtW

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All paid signature campaigns should be banned.

Quote from: DeathProxyX on June 04, 2016, 04:58:33 AM

I would be honest: i've some doubt abount your identity. Roll Eyes

All your trust are from 2013 and your last post before restart was in 2014 .

Could you explain? It seems that you have bought this account from previous user.

I had the same doubt up thread. Please read the thread. He explained it to me.

DeathProxyX

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Earn by Forex. Try our services

I would be honest: i've some doubt abount your identity. Roll Eyes

All your trust are from 2013 and your last post before restart was in 2014 .

Could you explain? It seems that you have bought this account from previous user.

burnside

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Lead Blockchain Developer

Quote from: ChasingCarsEU on June 02, 2016, 05:11:22 PM

I know taking several loans out isn't the best case scenario for your company but you could always try obtaining this loan split in 3-4, maybe it'd be easier for someone to finance you.

Best of luck, cheers!

Thanks! I may end up splitting it if I can't find it all in one place. A split actually would work in my favor if I'm working with angels because then I'd get more advisors involved in the deal.

Quote from: sase007 on June 02, 2016, 06:54:51 PM

Wait, you want a ~$300000 loan to produce a game?
I'm pretty sure that the game would be cheaper todeveloptan that?
Could you not ask the bank for a loan against your business of $300000 instead.

I'm developing the game out of pocket using retirement savings. I estimate cost for the initial version to be around $150,000. The purpose of the loan is to get the company through the 6 months following deployment of the game, during which I will need to hire marketing staff, customer service staff, grow the server farm, buy advertisements, etc. I also want to continue development after launch, to add new content, etc.

Quote from: Gwapo on June 03, 2016, 01:06:35 PM

Ethan Burnside, a person who was fined $58,387 for violating the Securities Act of 1933, the Securities and Exchange Act of 1934, and the Investment Company Act of 1940 and is neither admitting nor denying the charges by paying the fines.

Source: https://www.cryptocoinsnews.com/united-states-sec-fines-btc-trading-corp-unregistered-bitcoin-stock-exchange

Everyone should worry him for sending that amount of loan so as to how he will pay back if he is targeted by SEC again?

Yup, that's me! I started the project before the US Gov't had acknowledged BTC at all. As it turned out I was the guy that didn't run a fractional reserve, or make off with customer deposits like Bitcoinica, MtGox, GLBSE, Bitfunder, ad infinum. Also the one that stayed online a year after closure so everyone could withdraw, get their tax records, etc.

Quote from: xhomerx10 on June 03, 2016, 01:40:19 PM

Here's a sample of his capabilities. Here is one of his businesses.

Thanks for that! More at: https://www.linkedin.com/in/ethanburnside

xhomerx10

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Quote from: Gwapo on June 03, 2016, 01:06:35 PM

Quote from: xhomerx10 on June 03, 2016, 09:24:00 AM

Look him up; Ethan Burnside.

Ethan Burnside, a person who was fined $58,387 for violating the Securities Act of 1933, the Securities and Exchange Act of 1934, and the Investment Company Act of 1940 and is neither admitting nor denying the charges by paying the fines.

Source: https://www.cryptocoinsnews.com/united-states-sec-fines-btc-trading-corp-unregistered-bitcoin-stock-exchange

Everyone should worry him for sending that amount of loan so as to how he will pay back if he is targeted by SEC again?

Here's a sample of his capabilities. Here is one of his businesses.

edit: He got screwed by the SEC and I'm sure he has learned from that experience. He's an intelligent guy.

Gwapo

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Quote from: xhomerx10 on June 03, 2016, 09:24:00 AM

Look him up; Ethan Burnside.

Ethan Burnside, a person who was fined $58,387 for violating the Securities Act of 1933, the Securities and Exchange Act of 1934, and the Investment Company Act of 1940 and is neither admitting nor denying the charges by paying the fines.

Source: https://www.cryptocoinsnews.com/united-states-sec-fines-btc-trading-corp-unregistered-bitcoin-stock-exchange

Everyone should worry him for sending that amount of loan so as to how he will pay back if he is targeted by SEC again?

xhomerx10

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Quote from: wiked1 on June 03, 2016, 06:42:54 AM

What are you putting up against the loan?Collateral should be worth more than the principal and it should include some verifiable assets without any liens or encumberances.Its not viable to enter an agreement in btc either for this amount due to volatility and lifespan of agreement maybe?You should draft up some proposal but you could also look at crowdfunding your idea and selling equity to raise capital but if you have any assets worth more than the principal you would be in a better position maybe?

Read the OP. He says collateral is "not likely to happen".
At this point he is guaging interest. He is also looking at VC funding and other options. This guy isn't one if the fly-by-nighters looking for a gambling fix or to buy some trust.
Look him up; Ethan Burnside.

wiked1

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What are you putting up against the loan?Collateral should be worth more than the principal and it should include some verifiable assets without any liens or encumberances.Its not viable to enter an agreement in btc either for this amount due to volatility and lifespan of agreement maybe?You should draft up some proposal but you could also look at crowdfunding your idea and selling equity to raise capital but if you have any assets worth more than the principal you would be in a better position maybe?

sase007

sr. member

Activity: 364

Merit: 250

Wait, you want a ~$300000 loan to produce a game?
I'm pretty sure that the game would be cheaper todeveloptan that?
Could you not ask the bank for a loan against your business of $300000 instead.

ChasingCarsEU

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Activity: 154

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ARgRd5YDR199ZpCs9wjtjhxfDzN6vpDHq6

I know taking several loans out isn't the best case scenario for your company but you could always try obtaining this loan split in 3-4, maybe it'd be easier for someone to finance you.

Best of luck, cheers!

burnside

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Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: kingaltcoins on June 02, 2016, 12:05:16 PM

Why don't you ask for that loan in Loanbase or BTCJam? If you are transparent enough then I think you should not have a problem asking for such loan with your ID proof.

600 BTC is not a mere loan which can be asked anonymously. Instead of criticisms you will get nothing here.

Good question. BTCJAM caps out around $30k and has horrible interest rates. I actually setup an account there, did all the account verifications, then discovered as I was creating the loan that it wasn't going to work. Loanbase last time I checked was similar... really bad interest rates.

I am not anonymous. Quite the opposite, I'm fairly well known to Bitcoiners who were around in 2012 - 2013.

Thanks!

kingaltcoins

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Activity: 784

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Why don't you ask for that loan in Loanbase or BTCJam? If you are transparent enough then I think you should not have a problem asking for such loan with your ID proof.

600 BTC is not a mere loan which can be asked anonymously. Instead of criticisms you will get nothing here.

burnside

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Lead Blockchain Developer

Quote from: AcoinL.L.C on May 31, 2016, 05:42:17 PM

I would vouch that Burnside is a trustworthy member. He held much more Bitcoin of users funds for a fairly long duration (relative to the age of Bitcoin) compared to the loan he is requesting now. I have also confirmed that he is truly searching for this loan on another platform besides Bitcointalk (meaning if his account was sold he also sold his logins to other sites/applications... which I highly doubt). This is actually one of, if not the most sane loan requests I have seen on this forum... The only thing that seems to irk you is the size of the loan.

Thanks for that, appreciate it!

I think I had over 50k BTC and around 200k LTC on deposit at one point. Definitely enough to retire on, even at the $100 exchange rate at the time. Wink

If BTC keeps going up, then the number of BTC needed will go down. I think it'd be about 590 BTC now. If we're all lucky, it'll go up enough in a couple months that I won't even need the loan. Grin

Cheers

AcoinL.L.C

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Quote from: Duomo on May 30, 2016, 09:05:35 PM

Quote from: BurtW on May 30, 2016, 06:01:44 PM

Quote from: Duomo on May 30, 2016, 05:15:06 PM

Yes, people have that amount of bitcoin here on this forum. But what part of NO, do you not understand, no one wants to give an amount to buy a Lamborghini Huracan or a Ferrari 458 Speciale with that. What if you run away with the money. There is a difference between $3,000 and $300,000+, I am just starting to think you don't understand or don't comprehend or have the basic understand of the English Language. No one wants to give you that amount without collateral. Go find angel investors, no one here cares about funding your business with a irreverisble Crypto-Currency.

I have been here two years and approaching three and you by far are the individual who lacks the most intelligence I have come across.

It's just a no.

P.S
Wow, I never knew Hero Members could be so stupid but you have proved me wrong.

Calm down dude. Those of us who have been around longer than you remember burnside. No need to throw such a fit. If you don't trust him or don't want to lend to him then don't. Depending on how things go some of us might just invest. You are too blinded by your rage or whatever that is to even consider it. Fine. We all have your opinion right there in my quote so there is no need for you to ever come back to this thread.

P.S
Zero (0) Rage here, Just decreasing my risk adjusted rage to hedge against risk and I encourage others to do so.

BurtW, you are one of the most respectable people I respect on this forum and if I had I money, I would help you in any situation because you are a legitimate person asking for financial help. I would never treat you with ANY disrespect but can you see from a perspective how this amount is a little out of there? This is seriously kind of unreasonable that is way out of there, this is quite a crazy amount to as for this. Any one is free to fulfill this loan if feel comfortable.

I would vouch that Burnside is a trustworthy member. He held much more Bitcoin of users funds for a fairly long duration (relative to the age of Bitcoin) compared to the loan he is requesting now. I have also confirmed that he is truly searching for this loan on another platform besides Bitcointalk (meaning if his account was sold he also sold his logins to other sites/applications... which I highly doubt). This is actually one of, if not the most sane loan requests I have seen on this forum... The only thing that seems to irk you is the size of the loan.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: Duomo on May 30, 2016, 09:05:35 PM

P.S
Zero (0) Rage here, Just decreasing my risk adjusted rage to hedge against risk and I encourage others to do so.

BurtW, you are one of the most respectable people I respect on this forum and if I had I money, I would help you in any situation because you are a legitimate person asking for financial help. I would never treat you with ANY disrespect but can you see from a perspective how this amount is a little out of there? This is seriously kind of unreasonable that is way out of there, this is quite a crazy amount to as for this. Any one is free to fulfill this loan if feel comfortable.

Thanks for that. I really appreciate it. I agree with you that we all need to be very careful and suspicious here on these forums. They are filled with people that are only here to scam in any way they can. And they are always coming up with new ways to do it! I also agree burnside is asking for a hell of a lot of BTC.

Keep your guard up, and make sure you are dealing with reputable people. That is way easier to say than to do. As you may know I have been around the block myself - scammed out of thousands of Bitcoins by someone I actually met in person and trusted. He turned out to be one of the biggest scammers ever on this forum. He is in jail now but that is little consolation to the many very experienced Bitcoiners he was able to scam. I learned a lot from that experience and hope I can avoid that same mistake in the future.

Duomo

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☃

Quote from: BurtW on May 30, 2016, 06:01:44 PM

Quote from: Duomo on May 30, 2016, 05:15:06 PM

Yes, people have that amount of bitcoin here on this forum. But what part of NO, do you not understand, no one wants to give an amount to buy a Lamborghini Huracan or a Ferrari 458 Speciale with that. What if you run away with the money. There is a difference between $3,000 and $300,000+, I am just starting to think you don't understand or don't comprehend or have the basic understand of the English Language. No one wants to give you that amount without collateral. Go find angel investors, no one here cares about funding your business with a irreverisble Crypto-Currency.

I have been here two years and approaching three and you by far are the individual who lacks the most intelligence I have come across.

It's just a no.

P.S
Wow, I never knew Hero Members could be so stupid but you have proved me wrong.

Calm down dude. Those of us who have been around longer than you remember burnside. No need to throw such a fit. If you don't trust him or don't want to lend to him then don't. Depending on how things go some of us might just invest. You are too blinded by your rage or whatever that is to even consider it. Fine. We all have your opinion right there in my quote so there is no need for you to ever come back to this thread.

P.S
Zero (0) Rage here, Just decreasing my risk adjusted rage to hedge against risk and I encourage others to do so.

BurtW, you are one of the most respectable people I respect on this forum and if I had I money, I would help you in any situation because you are a legitimate person asking for financial help. I would never treat you with ANY disrespect but can you see from a perspective how this amount is a little out of there? This is seriously kind of unreasonable that is way out of there, this is quite a crazy amount to as for this. Any one is free to fulfill this loan if feel comfortable.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: Duomo on May 30, 2016, 05:15:06 PM

Yes, people have that amount of bitcoin here on this forum. But what part of NO, do you not understand, no one wants to give an amount to buy a Lamborghini Huracan or a Ferrari 458 Speciale with that. What if you run away with the money. There is a difference between $3,000 and $300,000+, I am just starting to think you don't understand or don't comprehend or have the basic understand of the English Language. No one wants to give you that amount without collateral. Go find angel investors, no one here cares about funding your business with a irreverisble Crypto-Currency.

I have been here two years and approaching three and you by far are the individual who lacks the most intelligence I have come across.

It's just a no.

P.S
Wow, I never knew Hero Members could be so stupid but you have proved me wrong.

It's good to get everyone's opinion. It's what I'm here for. Keeps me objective.

Thanks for your input.

I will add that I drive an '04 Expedition, despite many opportunities over the last couple years to "Tesla up" at other's expense. Wink

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: Duomo on May 30, 2016, 05:15:06 PM

Yes, people have that amount of bitcoin here on this forum. But what part of NO, do you not understand, no one wants to give an amount to buy a Lamborghini Huracan or a Ferrari 458 Speciale with that. What if you run away with the money. There is a difference between $3,000 and $300,000+, I am just starting to think you don't understand or don't comprehend or have the basic understand of the English Language. No one wants to give you that amount without collateral. Go find angel investors, no one here cares about funding your business with a irreverisble Crypto-Currency.

I have been here two years and approaching three and you by far are the individual who lacks the most intelligence I have come across.

It's just a no.

P.S
Wow, I never knew Hero Members could be so stupid but you have proved me wrong.

Calm down dude. Those of us who have been around longer than you remember burnside. No need to throw such a fit. If you don't trust him or don't want to lend to him then don't. Depending on how things go some of us might just invest. You are too blinded by your rage or whatever that is to even consider it. Fine. We all have your opinion right there in my quote so there is no need for you to ever come back to this thread.

Duomo

hero member

Activity: 588

Merit: 500

☃

Yes, people have that amount of bitcoin here on this forum. But what part of NO, do you not understand, no one wants to give an amount to buy a Lamborghini Huracan or a Ferrari 458 Speciale with that. What if you run away with the money. There is a difference between $3,000 and $300,000+, I am just starting to think you don't understand or don't comprehend or have the basic understand of the English Language. No one wants to give you that amount without collateral. Go find angel investors, no one here cares about funding your business with a irreverisble Crypto-Currency.

I have been here two years and approaching three and you by far are the individual who lacks the most intelligence I have come across.

It's just a no.

P.S
Wow, I never knew Hero Members could be so stupid but you have proved me wrong.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: truckerJoe on May 28, 2016, 05:00:03 AM

bro, that's cool
but what collateral do you offer?
and also, how can you prove the account was not hacked/stolen/bought?
80 greens do not automatically make you eligible for such a huge loan
i mean people get called scammers here for requesting 0.01 without collateral
300grand us is a LOT of money
banks would require 1 million in assets in order to give you such

This would be an investment into a startup, no collateral. To mitigate that I am personally funding development for now and not accepting money until we have a product people can look at.

I can't prove the account was not hacked or sold. Again though, I will not accept money until we have a product, and the process will be far more personal than just an agreement on the forums.

Correct, 80 greens, or whatever you see (it differs based on who you trust.) is not the grounds for this loan. Far more compelling I think would by my past roles as CEO of Kattare, VP Technology at Playtika, etc.

$300k is definitely a lot of money and I agree, you can't be too careful.

Cheers.

truckerJoe

full member

Activity: 168

Merit: 100

your people

bro, that's cool
but what collateral do you offer?
and also, how can you prove the account was not hacked/stolen/bought?
80 greens do not automatically make you eligible for such a huge loan
i mean people get called scammers here for requesting 0.01 without collateral
300grand us is a LOT of money
banks would require 1 million in assets in order to give you such

Topic: 680 BTC Loan? - page 2. (Read 3077 times)