[CLOSED] Tomatocage's 1% interest loans, up to 20 BTC (collateral required)

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Quote from: CrazyRabbi on February 05, 2014, 01:05:58 PM

Hi Tomatocage I was wondering if it would be possible to borrow 1.4 Bitcoin for a few days.

I run a Free Mining giveaway and am purchasing an Antminer S1 to be used to mine for others and myself on it.

I'm not sure what I can really give you for collateral but I've ran multiple giveaways that have gone well past 700 posts with payouts being issued up to the time of the Giveaway closing.

I understand if this is not enough collateral or you consider it too high Risk

Hope you as always have nice day though Cheesy

It's not the risk I'm concerned with. In fact I'd lend BTC to pirateat40, candoo, or TradeFortress in a heartbeat if they provide adequate collateral. If you can come up with collateral, I can have BTC in your wallet within the hour.

CrazyRabbi

hero member

Activity: 490

Merit: 500

UNDER NEW MANAGEMENT

Hi Tomatocage I was wondering if it would be possible to borrow 1.4 Bitcoin for a few days.

I run a Free Mining giveaway and am purchasing an Antminer S1 to be used to mine for others and myself on it.

I'm not sure what I can really give you for collateral but I've ran multiple giveaways that have gone well past 700 posts with payouts being issued up to the time of the Giveaway closing.

I understand if this is not enough collateral or you consider it too high Risk

Hope you as always have nice day though Cheesy

ezalex

newbie

Activity: 34

Merit: 0

Quote from: Tomatocage on February 03, 2014, 02:16:51 AM

Quote from: Tomatocage on February 03, 2014, 01:35:57 AM

No, I'm afraid if anyone can know me who I am but I am fully confidante no one will even able to know I am orignally Projects guy whose scammed for 500,000 USD from peoples already WOW...... Newbie offering loans for "collateral" = SCAM as this guy NOT my agent so ONLY and ONLY my agents allowed here to ask even 500 BTCs loan as my agent Projects already did and scammed 600 BTCs via loans already WOW I am Biggest scammer as I am Tomatocage WOW no one can ever stop me WOW.....

Quote from: Tomatocage on February 03, 2014, 01:45:36 AM

NOOOOO reaLLY?!? Never can know how I am biggest supporter of scammer Projects WOW no really can know it and I will MUST continue keep working my all agents like projects to scam people here on forum and will never stop as I am Tomatocage WOW
No one can guessed how I am biggest scammer and GOD father of scammers like Projects!

Quote from: Tomatocage on February 03, 2014, 01:40:25 AM

Obvious scammers are obvious as myself Tomatocage already biggest supporter and GOD father of my agent "Projects" yes absolutely right Obvious scammers are obvious as myself Tomatocage yes thats right I am biggest scammer as I am Hero sorry ZERO member and I already got my biggest shares of 400,000 USD from Projects whose scammed so stupid peoples here with my fully support WOW no one can ever will know how I scam peoples very professionally and currently my hundreds of agents like Projects working around forums WOW so I will must make myself as world largest scammer and will MUST earn Millions of dollars as I am Tomatocage WOW!!! what a nice nick name of biggest GOD Father of all scammers like Projects WOW its not nice??? off course it is as I am very good in scams peoples for millions of $$$$ and I have so many agents here like sase007 i mean jamesbond 007 and Projects and too many others and they will scam here and there always on all over forum because I am biggest supporter of them and no one can even stop me as I am Tomatocage as and forum admins FULLY supported me WOW!!!!!!!!!!! and Obvious scammers are obvious as I am Tomatocage!!!!!!!

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Quote from: Kuttingcorners on February 03, 2014, 02:10:53 AM

would you consider doge or nxt as a collateral?

No, I'm afraid not.

Kuttingcorners

sr. member

Activity: 446

Merit: 250

would you consider doge or nxt as a collateral?

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Edit: Patch notes 02/01/2014

Lending resumed
Interest changed from 0% to 1%
Added PPC to list of acceptable forms of collateral
Tx fees on collateral return are now free
Collateral amount reduced from 120% to 115% of loan amount

ReBoRn

sr. member

Activity: 392

Merit: 250

Bitcoin will survive

Quote from: Mondy on December 13, 2013, 11:20:34 PM

Quote from: DiamondCardz on November 22, 2013, 05:36:18 PM

Quote from: Tomatocage on September 05, 2013, 04:04:32 PM

I have up to 0 BTC to loan at 0%!!!

I'd like to borrow 0 BTC for 0 LTC collateral, PM me with a deposit address, thanks.

Ill offer 10% payment extra!

guys its not a joking club its a lending thread so go on some other place and enjoy these jokes Grin

Mondy

member

Activity: 112

Merit: 10

Quote from: DiamondCardz on November 22, 2013, 05:36:18 PM

Quote from: Tomatocage on September 05, 2013, 04:04:32 PM

I have up to 0 BTC to loan at 0%!!!

I'd like to borrow 0 BTC for 0 LTC collateral, PM me with a deposit address, thanks.

Ill offer 10% payment extra!

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Quote from: Tomatocage on September 05, 2013, 04:04:32 PM

I have up to 0 BTC to loan at 0%!!!

I'd like to borrow 0 BTC for 0 LTC collateral, PM me with a deposit address, thanks.

AlexC

member

Activity: 118

Merit: 10

Hi Tomatocage,

I hereby withdraw my loan request from november 18 on 1.39BTC.
I should never have posted this request without proper Collateral.

/AlexC

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Hey Alex. I'll have to revisit this once I get home and have access to my wallet.

AlexC

member

Activity: 118

Merit: 10

Hi,

I would like to apply for another loan here.

Amount requested : 1.39BTC@1N8F6SnRLQaSgkHCD9QkMiDxHrTysMiU8g
payback : 1.391BTC includes transfer fee coverage.
payback address : 1H3qSm2fjYXuejLSu2ZhVdtUedknSkkhgu
payback date : Wednesday 11/27/2013
Collateral : I have a big chunk in a pending cash out from http://www.bitcoinsports.eu/inv/aa8e3 and the pay out have been
peding for more than a week now.
I invested 6.9869 BTC here https://blockchain.info/tx/a3c7a9e2f44d1675153c55541ef904497bd5e04ef63e037ebe7c73d1206f947c

This loan will buy me a week more to the investment out off bitcoinsports.eu and make me able to meet my obligations regardning
the https://btcjam.com/listings/7497 without me having to buy some BTC at the current rather high price.

Thanks
AlexC

Request withdrawn

Algebrato

newbie

Activity: 19

Merit: 0

Quote from: Tomatocage on November 14, 2013, 05:36:01 PM

Kouye is correct. The reason why I ask for 20% over the value of the loan is to serve as wiggle room should the exchange rate between the collateral and BTC take a dive. And that's also why I try to keep the loan term to 7 days.

Oh, right understood, I might've not read the thread throughout. I would use this method, but defaulting on a loan is not cool.
EDIT: Read some more of the thread and apparently this has been asked already. Good luck!

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Kouye is correct. The reason why I ask for 20% over the value of the loan is to serve as wiggle room should the exchange rate between the collateral and BTC take a dive. And that's also why I try to keep the loan term to 7 days.

Algebrato

newbie

Activity: 19

Merit: 0

Quote from: Kouye on November 14, 2013, 04:57:49 PM

Except if 1BTC=100LTC at the time of the loan, TC will ask for 125 or 150 LTC as collateral or whatever he considers safe to avoid 3).
Or at least that's what I understood. Grin

Oh, right. I thought that, but forgot to add. I edited the post to demonstrate my example with these numbers.

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: Algebrato on November 14, 2013, 04:54:06 PM

Quote from: Tomatocage on September 05, 2013, 04:04:32 PM

Collateral must be in the form of Litecoins, Primecoins, or mcxFEE shares (mcxNOW.com)

This idea popped to my mind just recently, but I might've understood the thread completely wrong.
Have you considered, that someone might use this as a hedge against LTC, Prime/mcxFEE crash (and also shorting bitcoin?)?
Example:
1) One takes a loan of 1 BTC at btc price of 100 LTC
2) Bitcoin price rises and is worth 120 LTC
3) Loan defaults and you are left with 100 LTC, about 0.8 BTC
OR
2) Bitcoin crashes and in that unlikely event when LTC (or others) the loan is paid back with BTC

I am not sure, if this came up already and if you've already thought of this. This is only a theory, since usually BTC and LTC (and others) drop/rise the same time.

Except if 1BTC=100LTC at the time of the loan, TC will ask for 125 or 150 LTC as collateral or whatever he considers safe to avoid 3).
Or at least that's what I understood. Grin

Algebrato

newbie

Activity: 19

Merit: 0

Quote from: Tomatocage on September 05, 2013, 04:04:32 PM

Collateral must be in the form of Litecoins, Primecoins, or mcxFEE shares (mcxNOW.com)

This idea popped to my mind just recently, but I might've understood the thread completely wrong.
Have you considered, that someone might use this as a hedge against LTC, Prime/mcxFEE crash (and also shorting bitcoin?)?
Example:
1) One takes a loan of 1 BTC at btc price of 100 LTC (120 LTC as an insurance)
2) Bitcoin price rises and is worth 140 LTC
3) Loan defaults and you are left with 120 LTC, which is 0.85 BTC
OR
2) Bitcoin crashes and in that unlikely event when LTC (or others) do not, the loan is paid back resulting in the loss of BTC.

I am not sure, if this came up already and if you've already thought of this. This is only a theory, since usually BTC and LTC (and others) drop/rise the same time.

AlexC

member

Activity: 118

Merit: 10

Quote from: Tomatocage on November 13, 2013, 12:23:11 PM

Oh damn I just realized I didn't reload my McxNOW account with BTC. I'm going to have to return these 8 FEE shares until later tonight, AlexC. I'll post back when I get home and get some liquidity into my account there. Sorry about that!

No worries.

I can confirm i got the 8 FEE shares back.

/AlexC

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: Wipeout2097 on November 13, 2013, 03:00:04 PM

Quote from: Lauda on November 13, 2013, 02:19:54 PM

Quote from: Wipeout2097 on November 13, 2013, 11:57:02 AM

lol, are you guys trying to set the terms on 0% interest loans ? Grin

Yes, just because I can.

"Just because you can does not mean you should." Grin

Correct sir. If he doesn't want to do it like that, he doesn't need to. It's just a suggestion. If he added a 1% interest, then he should be dealing using more coins to attract more people.

Wipeout2097

sr. member

Activity: 840

Merit: 255

SportsIcon - Connect With Your Sports Heroes

Quote from: Lauda on November 13, 2013, 02:19:54 PM

Quote from: Wipeout2097 on November 13, 2013, 11:57:02 AM

lol, are you guys trying to set the terms on 0% interest loans ? Grin

Yes, just because I can.

"Just because you can does not mean you should." Grin

Topic: [CLOSED] Tomatocage's 1% interest loans, up to 20 BTC (collateral required) (Read 11435 times)