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Topic: Altcoinhosting's long term loans. Giving loans up to 0.1 BTC - page 2. (Read 6283 times)

hero member
Activity: 896
Merit: 1006
AFK just repayed his loan:

https://blockchain.info/id/tx/3fe312746cd0ef281c70bcd3fc6dc1ea403f1edf2715b37429009145a90805c3

Editing the OP now, and messaging the ledger

Thanks!
full member
Activity: 154
Merit: 100
hero member
Activity: 896
Merit: 1006
hero member
Activity: 896
Merit: 1006
Loan Amount: .04
Repayment Amount: .046
Duration: 11/7/15
Reason: personal
Collateral: this account
Bitcoin Address: 1C5V64du6jD9mCoVt2wzToMrDnxZTPf5xF

After looking at your post history, i saw that your loan was already granted...
legendary
Activity: 2982
Merit: 4193
How does account collateral work? 
Accounts can be sold for BTC. Hence, they can be held as collateral. You would have to send your account info together with a signed message to the lender/escrow and it would be with the lender or escrow till you return the loan. If you default it, the account will be liquidated. That is if you are eligible for the loan in the first place. Usually, lenders accept from members+ for smaller loans.
hero member
Activity: 532
Merit: 500
Offer escrow, receive negative trust
How does account collateral work? 
full member
Activity: 168
Merit: 100
Loan Amount: .04
Repayment Amount: .046
Duration: 11/7/15
Reason: personal
Collateral: this account
Bitcoin Address: 1C5V64du6jD9mCoVt2wzToMrDnxZTPf5xF
hero member
Activity: 896
Merit: 1006
Added an extra rule about the use of a central ledger... Quoting this post to prove the fact that the rule was in effect on the 30th of october 2015

This post is now used to add a little addendum to the rules...

The reason for this list is that over the last couple of weeks/months, i ran into a lot of situations where borrowers wanted to use procedures i wasn't confortable with, so i decided to list the way i want to do business Smiley

  • I only do loans with sufficient collateral. This means the minimal RESELL value of the collateral should be at least 120% of the loan + the intrest. There are no exceptions for this collateral rule (not for people i've done business with in the past, neither for sr. or legendary or hero members)
  • When using bitcointalk accounts as collateral, i NEED a signed message. The address used for signing should be posted in an unedited post that is at least 3 months old
  • the signed message should clearly state that you (your accountname) are giving your account as collateral to altcoinhosting, and also today's date
  • banned, negative trusted, newbie accounts or jr. member accounts are not considered as collateral (unless there's something really special about the account)
  • you're free to get a first estimate over PM, but i do require you to post a formal request on this thread
  • If you want to use an escrow, that's perfectly fine (as long as you pay the fee). Escrows from this list are auto-approved: https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778 . If you wish to use a different escrow, you NEED to contact me BEFORE sending a request to the escrow. I will not use an escrow that's not in the trusted escrow list unless i pre-approved him/her
  • Do not give me an account as collateral that was used to request a different loan, unless said loan is fully payed off
  • Do not give me an account as collateral that has a high chance of being -ve'd in the future
  • I do not accept stolen accounts as collateral
  • I discourage following loans, but i will accept them in a case-by-case basis: secondary or tertiary loans, loans for the sole purpose of gambling, loans that are meanth to pay off other loans
  • All open and defaulted loans with insufficient collateral will be listed in a public ledger, shared between several lenders

Since 90% of my borrowers seem to offer their account as collateral, i've listed the procedure in FULL detail... I might mention this procedure in PM's, since i will not deviate from any part of this procedure....
  • 1) you either contact me over PM or on this thread. In your post you mention the following things: the amount of BTC you need, the collateral you're offering, when you'll pay me back, your BTC addy
  • 2) we agree on the terms, and make a deal. If you only PM'd me, you need to make a formal request on this thread
  • 3) you provide me with a signed message from an address posted by you, in an unedited post at least 3 months old. The message should read "This is [insert your username], giving my account as collateral for a loan to altcoinhosting on [insert current date]"
  • 4) you either send your account details to me, or to a trusted escrow (this should have been discussed in point 2)
  • 5) i send you the BTC
  • 6) you either pay me back and post the txid on this thread (and i or the escrow reset your password to the password you sent in  point 4). If you don't pay me back on time, i will sell or keep your account (no refunds at this point)


hero member
Activity: 896
Merit: 1006
Bagus tubagus took out a new 0.02 loan:
https://blockchain.info/tx/70bcbcef4de2926632204d827aa458fca44eba9c6bbec040fd7b0cb85551875e

He gave an account as collateral to me

Eding the OP now
sr. member
Activity: 322
Merit: 250
Public notice: it looks like some people are actually thinking about defaulting their loans (the loan isn't defaulted yet, but you did promise to pay me back sooner): i'll sell your account within 48 hours after it actually defaults... No way of getting it back after it's sold  Cry

Just for the record: none of the current loans defaulted, so nobody did anything wrong.

Bagus tubagus repayed his loan: https://blockchain.info/tx/6cd7e5a8efb02d5d7e7cfc35d6a52558a0967e13b13be8e359d61d2b1e46eb59
Sorry if i sounded harsh bro, my comments were made in general, and only because i had quite a few loan defaulters lately Smiley
Thanks Smiley
Thank you altcoinhosting Smiley and sorry i was think about my loan.
hero member
Activity: 896
Merit: 1006
Public notice: it looks like some people are actually thinking about defaulting their loans (the loan isn't defaulted yet, but you did promise to pay me back sooner): i'll sell your account within 48 hours after it actually defaults... No way of getting it back after it's sold  Cry

Just for the record: none of the current loans defaulted, so nobody did anything wrong.

Bagus tubagus repayed his loan: https://blockchain.info/tx/6cd7e5a8efb02d5d7e7cfc35d6a52558a0967e13b13be8e359d61d2b1e46eb59
Sorry if i sounded harsh bro, my comments were made in general, and only because i had quite a few loan defaulters lately Smiley
Thanks Smiley
hero member
Activity: 896
Merit: 1006
Public notice: it looks like some people are actually thinking about defaulting their loans (the loan isn't defaulted yet, but you did promise to pay me back sooner): i'll sell your account within 48 hours after it actually defaults... No way of getting it back after it's sold  Cry
hero member
Activity: 896
Merit: 1006
Amount (in BTC): 0.02
Collateral: Mah account
Bitcoin address: 149aDVsUUfbBx5qHGrpnqGKVHGGo4tSDRt
Return amount (interest): 10%
Date for payback: 2-3 of November, when secondstrade pays out their sig campaign.



You do know that if you give your account as collateral, the account will be locked, and cannot be used to make new posts?
sr. member
Activity: 392
Merit: 251
Amount (in BTC): 0.02
Collateral: Mah account
Bitcoin address: 149aDVsUUfbBx5qHGrpnqGKVHGGo4tSDRt
Return amount (interest): 10%
Date for payback: 2-3 of November, when secondstrade pays out their sig campaign.

hero member
Activity: 896
Merit: 1006
Hi there,

asking for a Loan of MAX you can give because tx of my wallet stuck until its confirmed. Until now its 10Days. Check it out:

https://blockchain.info/address/1A7EWrfkQWbBiz9b4TE6HUs3Xyrrn7cnk8

Therefore i can bid a collateral of 5k Doge Coins.

Otherwise i will pay it back until the Amount is confirmed.

Asking Amount: 0.1 - 0.16 BTC


BTC Adress: 384wibHrwoCDtZEciMauXYHd69HsUSZ9bt

regards
DavieT

Hi,

I'd like to help you out, but i'm afraid these are my calculations about the max i can loan you:
5k doge = 0.003BTC . The price is dropping steadily over the last couple of months...

So for a 5k doge collateral, i could loan you 0.002 for 10 days...

For a 0.16 loan, i would need about 320000 DOGE as collateral
sr. member
Activity: 266
Merit: 250
Hi there,

asking for a Loan of MAX you can give because tx of my wallet stuck until its confirmed. Until now its 10Days. Check it out:

https://blockchain.info/address/1A7EWrfkQWbBiz9b4TE6HUs3Xyrrn7cnk8

Therefore i can bid a collateral of 5k Doge Coins.

Otherwise i will pay it back until the Amount is confirmed.

Asking Amount: 0.1 - 0.16 BTC


BTC Adress: 384wibHrwoCDtZEciMauXYHd69HsUSZ9bt

regards
DavieT
hero member
Activity: 896
Merit: 1006
hero member
Activity: 896
Merit: 1006
Public notice: i have far to much collateral from defaulted loans in my portfolio.
monday evening i'll start to sell all accounts from defaulted loans (this includes all loans that defaulted for more than 24 hours!).

If you are late on your loan repayment, but still intend to repay me, contact me before monday morning... Arrangements can be made, but only for those that contact me.
full member
Activity: 168
Merit: 100
well I have an origin account with 400$ worth of games and a steam account

Sorry man, you seem legit, but i can't take those accounts as collateral... I just don't have enough knowledge about them to estimate if they are valid and sufficient collateral.

I usually accept: bitcointalk accounts, litecoin, dogecoin, physical goods...
But maybe if you open a loan request and offer the lenders a choice of collateral (steam account, origin account, bitgold), maybe another lender will be able to give you a loan...
oh ok
hero member
Activity: 896
Merit: 1006
well I have an origin account with 400$ worth of games and a steam account

Sorry man, you seem legit, but i can't take those accounts as collateral... I just don't have enough knowledge about them to estimate if they are valid and sufficient collateral.

I usually accept: bitcointalk accounts, litecoin, dogecoin, physical goods...
But maybe if you open a loan request and offer the lenders a choice of collateral (steam account, origin account, bitgold), maybe another lender will be able to give you a loan...
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