Can I pay off my loan without using FIAT before the end of the week?

TECHICENINE

newbie

Activity: 28

Merit: 0

Quote from: natbyte on June 28, 2013, 07:48:58 AM

No surprise at all, your financial experiment failed, however it was worth a try. As they say nothing ventured nothing gained!

it only failed imho because he never clarified what he was offering on top to the person helping him~"..you get bitcoins."..lol

seller

member

Activity: 81

Merit: 10

Quote from: natbyte on June 28, 2013, 07:48:58 AM

No surprise at all, your financial experiment failed, however it was worth a try. As they say nothing ventured nothing gained!

+1

natbyte

member

Activity: 70

Merit: 10

No surprise at all, your financial experiment failed, however it was worth a try. As they say nothing ventured nothing gained!

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Quote from: seller on June 28, 2013, 12:36:32 AM

Auction ended without a winning bidder.

That is not surprising, bitcoins have been trending down the past couple weeks, why would anybody pay you a premium for bitcoins when they can just wait and have their order filled lower next week?

legitnick

hero member

Activity: 532

Merit: 500

To be honest, by the end of the week I do not see you paying this off. Best of luck, though.

seller

member

Activity: 81

Merit: 10

Auction ended without a winning bidder.

seller

member

Activity: 81

Merit: 10

Fair enough, I'll try to pay the loan with bitcoin and see what happens. After clearing the note I will still have lots of coin to sell, at a premium...

TheAndy500

sr. member

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> CAMPAIGN MANAGER < https://t.me/TheAndy500

Quote from: Peter Lambert on June 27, 2013, 11:07:46 AM

Quote from: seller on June 27, 2013, 10:58:26 AM

Kindly stay on track. You can start your own thread to debate the law. This is my thread about selling coin. Who wants to buy?

I think it is on-topic to discuss this. If he is right, then you could simply offer your bitcoins to your bank, no need for a middleman. If they refuse then you no longer have to pay the loan, and if they take the bitcoins then your plan has succeeded.

But then he doesn't get a 10% premium!

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Quote from: seller on June 27, 2013, 10:58:26 AM

Kindly stay on track. You can start your own thread to debate the law. This is my thread about selling coin. Who wants to buy?

I think it is on-topic to discuss this. If he is right, then you could simply offer your bitcoins to your bank, no need for a middleman. If they refuse then you no longer have to pay the loan, and if they take the bitcoins then your plan has succeeded.

seller

member

Activity: 81

Merit: 10

All I want is cash deposited in an account. The bank doesn't even need your name. Again you are trying to make this complicated, it is not. I am selling coin to a person who is putting cash into a bank.

The reason you find this odd is that apparently nobody has ever asked to sell their coin at a premium. If you want cheap coins go buy them from gox.

Geddi

member

Activity: 98

Merit: 10

It's the muffins that must be stopped.

Quote from: seller on June 26, 2013, 08:59:33 PM

There is no third party just the buyer and my bank. The buyer of the coins pays my debt by placing cash into my account. You can make it sound more complicated if you want but I don't see the point.

I see a point

http://www.bbc.co.uk/news/business-16549406

http://www.creditinfocenter.com/community/topic/257977-paying-on-someone-elses-loan-can-get-your-name-added-to-the-account/

seller

member

Activity: 81

Merit: 10

Kindly stay on track. You can start your own thread to debate the law. This is my thread about selling coin. Who wants to buy?

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Quote from: str4wm4n on June 27, 2013, 02:37:48 AM

§ 3-603. TENDER OF PAYMENT.
(b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender
http://www.law.cornell.edu/ucc/3/3-603.html

If you tender a payment in BTC and it is kept( in which case it is assumed accepted ) or refused, the obligation will be discharged, following the UCC.

Would that only apply for legal tender? So if you offer them dollars for your debt and they say they don't want your dollars, then the debt is discharged, but if you offer them chickens (or bitcoins) and they refuse you still owe them the dollar amount?

seller

member

Activity: 81

Merit: 10

The highest one I can get for my coins, obviously. Mt Gox + 10%. What are you offering?

hambalan

newbie

Activity: 46

Merit: 0

Quote from: seller on June 27, 2013, 09:55:09 AM

Yep, I that's what I seek.

What price are you looking for?

https://imageshack.us/a/img801/791/wn.png

seller

member

Activity: 81

Merit: 10

Yep, I that's what I seek.

ensign_lee

hero member

Activity: 886

Merit: 500

Quote from: seller on June 26, 2013, 08:02:03 PM

I don't remember your exact post but I'm pretty sure it wasn't as "professional" as this one.

I have coins. I want to pay off a few loans. I will use escrow. I am trying to sell at Mt Gox +10%. I figure people are willing to pay bitinstant's fees and all I need is cash in a bank account so it should be an easy sale for a buyer who is not yet tied directly to the exchanges.

My post was

"Wait. We have to pay you btc-E PLUS 10%?"

seller

member

Activity: 81

Merit: 10

Quote from: johnyj on June 27, 2013, 12:41:12 AM

The bank will hate you if you pay back the loan, your loan is their asset, if you pay back the loan, their asset will disappear, leaving them with inflative fiat Wink

Yep, that's the idea!

str4wm4n

legendary

Activity: 1611

Merit: 1001

§ 3-603. TENDER OF PAYMENT.
(b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender
http://www.law.cornell.edu/ucc/3/3-603.html

If you tender a payment in BTC and it is kept( in which case it is assumed accepted ) or refused, the obligation will be discharged, following the UCC.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

The bank will hate you if you pay back the loan, your loan is their asset, if you pay back the loan, their asset will disappear, leaving them with inflative fiat Wink

Topic: Can I pay off my loan without using FIAT before the end of the week? (Read 27494 times)