Topic: [BITCOIN LONDON] Looking for an 150 BTC loan! (Read 7756 times)

Woops, one more mess up, hey it was 4AM! ha ha

The due date on this loan was Feb 21 not Mar 21.

Kluge, you have my permission now to represent me, as I am going off the grid starting today till the 14th.  It would really be nice if someone is keeping track of this guy for the two weeks I am out


EDIT: Wrong posted loan ha ha

Kluge,  On March 7, 2012 you have my permission to represent me for collection of this loan:

Yes, court is a last resort, and not something I'm very interested in, though I'd be interested to hear what a judge would have to say on the matter.

I'll also try calling his dad on the 7th if no date and means of repayment is given. DI apparently recovered enough from his car crash to buy tickets to a video game conference a couple days ago. Very irritated.

If you have loans out, goods purchased, or donations to DI, please PM me if I haven't already asked for permission to represent you on the letter I'll send (I'll give you a copy of the draft). If it isn't a loan I've already listed in the (code) tags, please tell me the BTC amount of goods you purchased, when you purchased, and what the BTC/USD exchange rate was at the time (if >+-$.20 from $6) -- I do need evidence that transaction took place. I am also claiming authorization to collect all BTC (or USD equivalent) for those I represent. Any collections will be repaid proportionally to everyone I'm representing. If you do not give me authorization, it will be entirely on you to collect repayment. I will NOT negotiate settlements until I have shared any offer given by the defaulter with everyone involved.

Will consider hiring a proper UK attorney if no favorable response is received by the beginning of April (ETA: Already emailed the UK BTC lawyer to ask how this would play out). I intend for these potential costs (we'd obviously request attorney fees and court costs to be included in judgment) to be split proportionally among those damaged. That is, if 1000BTC of damages are sought and you hold 100BTC of that, you would be responsible for 10% of all potential costs were we to receive unfavorable judgment.

ETA: I believe I now have all six other lenders' permission. If you never gave permission, PM me!

Please respond.

And we still wait, I am going to be out of communication for the next 2 weeks, any thoughts on what we can do next to force a hand?

30th Feb 2012

Any estimate on when we can expect paybacks?

ha ha I kinda figured he was talking about me ha ha ha ha

I honestly wish people would just ask and talk when their going to default, they would be very very very surprised how cooperative we are when they are honest.  If he would have simply posted and said what was happening I and everyone else would have said, ok that's fine man no problem.  I would have given him a grace time of a week because of it.  But instead of being honest he disappears.  That's what burns me ha ha  Oh well, we'll see if his post yesterday is honest and he actually comes back and pays back these loans.

ha ha threat's, that's a good one, I like it how a loan and the guy who loans it says, "Or we will take legal action" and that is construyed as a threat by the one who defaulted ha ha ha ha good one.

Most of my personal loan's here in Guatemala or the states that I do when someone doesn't pay and it's a day past I start sending collection notices threatening just that.  So if your going to borrow money get used to it no matter how little amount it is, you borrow you owe

Message sent to him on FB:


Yes I really threatened you my friend , Hmm I just noticed though I did get the amount wrong ha ha

Man if all my people that are past due and defaulted on loans got that nice of a letter from me ha ha ha ha, Kid I do this professionally with actual CASH and lot's of it, so please don't.  You owe people money and you were defaulting, you had logged in many many times, it doesn't take 2 seconds to post a reply to this very long thread and say I'm sorry this is what happened please have patience.  You didn't, so that's what happen's.

If you didn't have a camera readily available at the time of the accident, ask your insurance company! It is part of standard procedure in Great Britain to take photographic evidence of the scene of the accident.

I'd be interested in hearing who that was and how aggressive the threat was. Glad to hear you're okay and still intending to repay.

Any word on the status of Bitcoin London?

Hello!

I've been trying to post with my phone but to no avail.

My old flat had a car crash into it so the last month has been pretty hectic.
Due to this loan repayments are a slight bit behind but I fully intend to pay every single loan back, don't worry.

Though, I didn't appreciate the threats I recieved from one particiular member. I could maybe understand if it was one of the people I had borrowed 50BTC from, but 10BTC and threats like that?
Holy moly.

Sorry if I made anyone worry.

Exactly. It rules out the "I forgot" excuse and is a worrying development. The caption under his avatar says "Kill me~". It hasn't happened yet.

Also kojoking7 and rexcoin  logged in after the loans failed... doesnt mean much.
If he would at least respond ..I'm sure he read the thread.

I'm pleasantly surprised by the professionalism you have all shown so far. Keep it up!

He's still alive.

Hmmmm.

Just's noticed that Goat's repayment address is the same as mine.

For the record:

It would have been around 10.41472 BTC (using whole days for interest calculation). Interest is accruing at 0.01728 BTC per day outstanding.

Do you know how much the total amount owed on due date is after interest?

My loan was actually at 20 Satoshis interest per second (works out at a bit more than 5% per month). DI incorrectly listed it as 0% interest in his table in the edited OP.

Kluge is now writing a collection letter and he will send it to DI's dad soon (after he works out a few details in the letter).

Ignore what I said about the USD exchange rate. No way that would hold up in court and it's tedious to try to prove for each individual transaction.

Here's the current list. No other list in this thread should be considered current. Feel free to add to it with transactions you can prove. Alternately, just provide the details needed to fill out the form and I'll do it -- no problem. If lenders want to PM me their names, I'd appreciate it.

Could you tell me how much you paid (both in BTC and USD using the exchange rate at the time of purchase)? I'll start a list including loans, donations toward an event which is looking like it won't happen, and purchases never fulfilled.

If you'd like, I can also give you DI's personal info, but I'm not willing to give his dad's (which includes much more personal information). Loans include interest, but no "penalties."

Sounds good to me.

To prevent more people from having DI's contact info, if, on 3/7, there's still no resolution, I'm willing to write up a document to his dad on behalf of all of us (will submit it to other lender's prior to sending).

We could send something, but Goons might be welcome - they were very funny and popular in England and other parts of the Commonwealth.  How about the Knights who say Ni?

And NOOOOOOTTTTHHIIIIINNNGGG, so I am thinking scam.  Can we send Goons

Sorry guys, been out all day.  No I haven't PMed yet, but I'm going to right now.  I don't think it's scam either, too much info out there on him, but it could be.

At any rate I would be willing to make another payment deal out with him, getting some of my cash back now in chunks is better than nothing.

Fwiw, I've started collecting contact information. He was online no later than five hours ago (not here), so hopefully this will be resolved soon and I'm getting a bit too reactive.

ETA: He has waaaay too much information available to be a scammer. Even if he defaults, I'm confident we'll all be repaid the full amount, even if we have to send a notice to "Trapper."

ETA2: Looked over the related threads again. Different time zones + exams around this time. Doesn't seem too unreasonable he just forgot. If this still hasn't been sorted out by 2/24, I'll start releasing information to only those who have loans issued to DI which are PAST DUE -- if the loan's not up, yet, you'll have to find the information yourself or wait. On 3/7, if this still hasn't been sorted, information will be dumped publicly and I'll begin organizing to send initial formal letters.

ETA3: Released info to jfreak, asking him not to contact his father until it's sure DI is purposefully failing to respond.

Do you guys know anything about him in meatspace? I've not loaned him anything but I've wanted to see if bitcoin London would work as an event, and now this...

If this is going to be a default, and assuming OP isn't a scammer, just wanna throw it out there that I'd much rather get something than nothing, and would be happy to work out an alternative repayment deal. I'm sure other lenders would happy with that, too.

ETA: Sent DI a PM, fwiw.

just curious, so watchin'

Have you emailed/PMd DI about the loan being up? Mine all still have a couple weeks until due.

I did end up covering this, btw. Fwiw.

That's why I couldn't wait anymore, it came about 10Am my time and I had to post to see ha ha.  Seeing as NO ONE posted after my date mess up I kinda of started wondering.

*spider sense tingles* I have a bad feeling about this .... It's been like 6 days since he was online

Now I can actually say this ha ha:

How we doing for the payback today?  I noticed in your OP you edited for the 21st payback, but we agreed 2 weeks which is today.

EDIT:  Woops, my bad entirely man.  I was just going over my calendar cause something seemed off.  You were right it's the 21st end date.  I will edit my calendar to correct things and set for the 21st.  Sorry about that.

Only if I can confirm someone else can do the other 9.2 first. Don't want to take out un-needed loans ^^

Looking for an additional 19.2 loan, same rates.

Not crucial to the events success anymore, but y'know.

Didn't imagine that this would cost me so much xD

I sent out a couple of PM's.

Oops, my bad!

Fix'd

I think brendio is asking you to update your first list in the OP to show his loan and to show that you actually got 110 BTC in that set of loans - not just 100 as is shown now.

Sorry, been afk. I sent it to the same address most of the others sent to. Have you since changed the OP?

Block Explorer Link: http://blockexplorer.com/tx/3fa533e316b86e746f65c3f30c3ca0363a4b24101108d00618d886aad71cbbd3#o1

xD I panicked for a second too, I was like "Did I miss copy and paste an address wuuuuut!"

So you are at 110/100 on your first batch then.  Whew!  Worried for a second there.  Life is back in balance.

Which address did you use?

edit: found it, he used my donate address instead of the payment address on the thread.

We need to clear this up quickly.  brendio do you have a transaction we can look at?

I never received your loan, I put you on the list anticipating the coins, but they never went in to my account so I replaced you with goat who finally got back to me. :V

True enough.
Kluge and I had discussed inter-lending a few days back and how that would work, reserve requirements and pre-agreed arrangements including rates.  When we (four of us collectively) were organising how best to meet DoubleIcrus's need, Kluge asked for a short term reserve loan from myself.  Call it a loan, inter-bank, or a favour - I don't mind which.

If the only requirement to be a bank is to call yourself one, then perhaps.  Otherwise, there have been many other non-public discussions and then group investments made in loans.

Hey, did you get my 10 BTC? I'm not yet in the list. Please acknowledge receipt and/or pay back to the address supplied. It was meant to be a loan just until Goat sent his funds, but I'm happy to let it keep running at 20 Satoshis a second in interest until the second repayment date.

Updated.

Nit picking:  Your second set of loans should show 150/150 not 100/150 and did you keep the money from Goat or did you send it back?  If you kept it then please add it to the record keeping.

Thanks very much, congrats on the first inter-bank loan.

50 BTC sent.

Best of luck with your event.

Glad to be apart of history

First inter-bank loan in the history of Bitcoin was done right here, I believe.

Please pay 57.5 BTC to 1LgJfyNohgkyzogxksENpNTy1vafZP9T6 by 3/6/12.

I've listed them as two separate loans as the OP shows.

25 sent (101 total).

updated the OP

Sounds good, though- who will be providing the other blocks?

Icarus,  the Bitcoin Credit bureau has been discussing the request.  We will do blocks of 25 coins at 15% of principal.  I will pm confirmation of my sending an additional  25 coins if this is acceptable.

Patrick

I've sorted out something similar already, just sorting out the format so it's easier to read.

Sure, on it now.

I might be able to help you out but could you put together a total of all your loans like this

Who    Amount   Payback   Due Date
----    ---------  --------   ----------

So I can see what your total exposure is and also let me know exactly how much more you need.

Thanks

Do you think you could update the original post and thread title with the new amount and a note on why the amount has changed? It'd make it easier to keep track of things.

I didn't want to take the whole 150BTC loan from you (as that could make you feel uncertain about the loan)
I'd much rather get another 100 loan from you and the 50BTC from other people, so everyone feels more happy and stress free, unless you are able to give me the 150BTC loan?

To clarify, I have 100BTC, I need 150BTC more to get what I want to happen.

I can afford to repay the loan and I'm offering a generous payback terms.

Hope that makes sense, it's 6AM and I haven't slept. <_<

Hi, just to clarify with reference to your pm, you have 100 coin.

How much extra are you after, taking it up to 150 total or a different number.

Patrick

I have enough to have the event running, I'm already in the process of gaining the money back to pay back.

I'd like to take out a second loan for 5-6 weeks. Due to the long time, I wouldn't mind paying 15-20% extra, as my friend James has agreed to cover the spare I can't pay back by mining.

So if anyone would indulge me- that'd be great.

Payment address
1Nyata3brZrm7JfFBWSu2tudBpnLX9syzZ

Sent 10 BTC to cover you in the meantime. Pay me back at 12d5y58GPNAjNv26KF4Nx3EF7moJSvFyNo with 20 Satoshis interest per second once Goat sends you his loan.

Just awaiting goats loan.

I have forwarded the remaining 76 coins required.  Repayment will be 83.6 BTC on or before 21 Feb.

I need a few more people in on this as I need the total sum, anyone else able to help me?

I'll see what I can, regardless of the payback I am thankful for the loan.

I understand, sorry but it's business, it's money that I can't use for 3 weeks time period so I have to ask for 15%.  What I can do is this, all read to witness.  If you end up paying back before 2 weeks from today then it's 10%, if it's over 2 weeks then it's 15%.

So before the 10th of Feb. it's 10%, the 10th and after it's 15%.  I have just sent out the BTC to the address posted above, 14 Bitcoins with 10% interest if paid back before the 10th of Feb. and 15% interest between the 10th and 17th.

Payback can be sent to:
1P6yMAr2bFyETavQZnCKbn4N1oZeiJtuSp

Any chance I could push you to 10%?

If not, I'll take it, but please remember this is for 0 personal gain, it is to promote Bitcoin!

 

I can offer you 14 right now for 15% interest if you are interested, with payback within 3 weeks max time?  15% since it's quite a long time and price is fluctuating a lot right now on the BTC market

Added a payment address

So goat for 10 BTC, could I get a few more people in?

It is not forgotten, it's on a piece of paper.

I'm sure he will when he see's the thread.

Will goat post and Vouch here?

Hi, I'm looking for another 150 BTC loan, I have already taken out another loan which is set to be repaid within 2-3 weeks. That is still on-track, however I'd like to take out a second loan designated to finish in 4-5 weeks. I will offer an attractive 18% interest.

The coins will be used for the last phase of sorting things out for my Bitcoin London event which includes flyers, signs and something I will reveal in a couple of weeks.

As for the "trust" issue, some may have, I took out a small loan from Goat and I am genuine with my need for my bitcoin event.
(if you'd like to know, check the link in my sig. )

If you'd like to lend me the Bitcoins (for a very good cause) use the address bellow and state it was you.
1Nyata3brZrm7JfFBWSu2tudBpnLX9syzZ

Repayments: (Repay by 21st feb)
Name - Amount - Interest - Payment Address  - Status
jfreak53:  14BTC -    15% - 1P6yMAr2bFyETavQZnCKbn4N1oZeiJtuSp - Unpaid
Patrick:    76BTC -   10% - 1Pxt4u7zJ7RVxfzQp3Sdo5YaiW4qC5zjpb - Unpaid
Goat:   10 BTC -    0% - 12d5y58GPNAjNv26KF4Nx3EF7moJSvFyNo - Unpaid
brendio:   10 BTC -    0% - 12d5y58GPNAjNv26KF4Nx3EF7moJSvFyNo - Unpaid
110/100 BTC
--
Repayments: (Repay by 6th of Mar)
Name - Amount - Interest - Payment Address - Status
BurtWagner - 25BTC   15%  - 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ - Unpaid
Patrick:    25BTC -   15% - 1Pxt4u7zJ7RVxfzQp3Sdo5YaiW4qC5zjpb - Unpaid
Kluge:      50BTC -    15% - 1LgJfyNohgkyzogxksENpNTy1vafZP9T6 - Unpaid
DollarTrader: 50BTC - 15% - 19mpxt7ZjMn8XwerwcY7JNWvJvyvv8LyZM - Unpaid
150/150 BTC
Thanks!

-DI