[CLOSED] Tomatocage's 1% interest loans, up to 20 BTC (collateral required) - page 7.

saif313

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Activity: 84

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Quote from: Tomatocage on September 18, 2013, 01:29:59 PM

Quote from: fenican on September 18, 2013, 12:47:33 PM

Will you take my dog as collateral instead of LTC? He is well groomed and needs to be walked only twice per day.

I would be willing to fatten him up if necessary to provide additional collateral. He presently weighs 20 pounds but I can get him up to 28 prior to our closing.

(note - recommend you not remove the muzzle except at feeding time)

lol this guy... Cheesy

one of funniest post on this thread because I have some laugh for this

AniceInovation

donator

Activity: 446

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Interesting.

Denied

AndrewWilliams

full member

Activity: 182

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Fourth richest fictional character

It's all good 'cage, just having some fun with my rant Wink

Tomatocage

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brb keeping up with the Kardashians

Quote from: AndrewWilliams on September 18, 2013, 10:08:20 PM

Your loan is tantamount to saying, I'll lend you $100 US dollars, if you give me $120 Canadian dollars.

And especially since I can take my $120 Canadian dollars, and go to the bank and exchange them for the $100 US dollars I needed in the first place.

Not everybody wants to get rid of their LTC with the forthcoming adoption by MtGox. Sure, sell your LTC for BTC today, and tomorrow MtGox goes live with their LTC support and they shoot up to $10 per LTC.

AndrewWilliams

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Fourth richest fictional character

Quote from: Vod on September 18, 2013, 10:14:09 PM

Are loans supposed to be fun? Wink

Yes.

Bitcoin used to be cool man, it used to be edgy. Now it's all gone corporate and sold out.

You don't own your Bitcoin anymore, it's owned by big fat cats like BFL taking over, selling you their overpriced wares like virtual slaves so you can keep mining profitably.

Then greedy loan-sharks like Tamatocage want your first born to lend you a few piddly coins.

Hands off my Litecoin bro. A man's word should be enough to get him a loan in this community. If you can't trust a man's word, what can you trust?

For shame. The Bitcoin has changed, it's sold out to corporate corruption.

Bitcoin used to be cool man. Bitcoin isn't everything. Relationships with our fellow Bitcoiners is what is important, and it's time we're reminded of that before it's too late.

I propose Tamatocage starts loaning BTC with no strings attached.

It's time people stop being denied a chance to borrow Bitcoin just because they lack money or "things." Those fat cat executives at BFL can live in their fancy mansions, drinking their little fancy martinis, but it's time we bring Bitcoin back to who really matters; the people.

Let's do it bro, lets make it happen!

Vod

legendary

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Licking my boob since 1970

Are loans supposed to be fun? Wink

AndrewWilliams

full member

Activity: 182

Merit: 100

Fourth richest fictional character

Your loan is tantamount to saying, I'll lend you $100 US dollars, if you give me $120 Canadian dollars.

And especially since I can take my $120 Canadian dollars, and go to the bank and exchange them for the $100 US dollars I needed in the first place.

Your loans do little more than frusturate scammers, allong with honest peoples who just want to borrow a few coins.

That said, I do not see you changing the lending landscape. Tomatocage, you need to lower your borrowing requirements for the sake of the community.

If a loan has no chance of default, where's the fun in that? ? Sad

Tomatocage

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brb keeping up with the Kardashians

Quote from: fenican on September 18, 2013, 12:47:33 PM

Will you take my dog as collateral instead of LTC? He is well groomed and needs to be walked only twice per day.

I would be willing to fatten him up if necessary to provide additional collateral. He presently weighs 20 pounds but I can get him up to 28 prior to our closing.

(note - recommend you not remove the muzzle except at feeding time)

lol this guy... Cheesy

fenican

hero member

Activity: 1395

Merit: 505

Will you take my dog as collateral instead of LTC? He is well groomed and needs to be walked only twice per day.

I would be willing to fatten him up if necessary to provide additional collateral. He presently weighs 20 pounds but I can get him up to 28 prior to our closing.

(note - recommend you not remove the muzzle except at feeding time)

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Tomatocage on September 11, 2013, 01:29:40 PM

Yes, that's correct. Once you repay the BTC, your original 1000 LTC will be returned. I'm at work right now though, so I'll PM you the LTC address to deposit at in about 10hrs.

Thanks.

Tomatocage

legendary

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brb keeping up with the Kardashians

Quote from: drawingthesun on September 11, 2013, 03:55:01 AM

1000 ltc to be held for a loan of 17.5 btc.

This is a mark up of 120%

I request the loan for 1 month.

Is this possible?

Of course I will pay all fees (I will send 1000 ltc + the fee that is required for you to send it back, in addition I will also send you 17.5001 btc after the loan to compensate for the fee paid when sending me the initial 17.5 btc)

EDIT: Once I return the 17.5001 btc I will receive back the 1000 ltc? (I am asking incase this is a trick where you send me back the market value of Litecoins in a month)

Yes, that's correct. Once you repay the BTC, your original 1000 LTC will be returned. I'm at work right now though, so I'll PM you the LTC address to deposit at in about 10hrs.

drawingthesun

legendary

Activity: 1176

Merit: 1015

1000 ltc to be held for a loan of 17.5 btc.

This is a mark up of 120%

I request the loan for 1 month.

Is this possible?

Of course I will pay all fees (I will send 1000 ltc + the fee that is required for you to send it back, in addition I will also send you 17.5001 btc after the loan to compensate for the fee paid when sending me the initial 17.5 btc)

EDIT: Once I return the 17.5001 btc I will receive back the 1000 ltc? (I am asking incase this is a trick where you send me back the market value of Litecoins in a month)

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

This thread is not about lending or borrowing.
It's about scam-killing. And it is pretty efficient. Grin

C10H15N

legendary

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...or how few people are dabbling in LTC.

monbux

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Quote from: posormo on September 10, 2013, 01:39:04 AM

Quote from: Tomatocage on September 10, 2013, 01:29:41 AM

Quote from: posormo on September 10, 2013, 01:16:28 AM

Ok, just so everyone is on the same page. What happens with collateral in your case? Will you leave it in a designated address untouched. Or, will you use it for your own trading/etc activities? Fine either way, but good to know what the situation would be.

It'll just sit in a wallet until the loan is paid back. I've been mining LTC since I could do 4 or 5 hundred a day with CPUs, so I have a nice chunk of my own now. There really isn't any need for me to gamble with a couple thousand of somebody else's LTC. The address will be made public so anybody can inspect to see that their coins are still there at any time.

Fair enough. Sounds good then. I'm surprised there has been no takers yet given you've been in every thread Wink

lol yeah, I was wondering that too. That just proves how many moles are just waiting to scam members of bitcointalk....

posormo

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Activity: 109

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Quote from: Tomatocage on September 10, 2013, 01:29:41 AM

Quote from: posormo on September 10, 2013, 01:16:28 AM

Ok, just so everyone is on the same page. What happens with collateral in your case? Will you leave it in a designated address untouched. Or, will you use it for your own trading/etc activities? Fine either way, but good to know what the situation would be.

It'll just sit in a wallet until the loan is paid back. I've been mining LTC since I could do 4 or 5 hundred a day with CPUs, so I have a nice chunk of my own now. There really isn't any need for me to gamble with a couple thousand of somebody else's LTC. The address will be made public so anybody can inspect to see that their coins are still there at any time.

Fair enough. Sounds good then. I'm surprised there has been no takers yet given you've been in every thread Wink

Tomatocage

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brb keeping up with the Kardashians

Quote from: Zeek_W on September 10, 2013, 01:17:31 AM

Very smart Tomato, very smart. I like Tongue

It's the only way that I can think of that puts the risk on the borrower. Lenders have for too long taken all the risk and have gotten shafted time and time again.

Tomatocage

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Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Quote from: posormo on September 10, 2013, 01:16:28 AM

Ok, just so everyone is on the same page. What happens with collateral in your case? Will you leave it in a designated address untouched. Or, will you use it for your own trading/etc activities? Fine either way, but good to know what the situation would be.

It'll just sit in a wallet until the loan is paid back. I've been mining LTC since I could do 4 or 5 hundred a day with CPUs, so I have a nice chunk of my own now. There really isn't any need for me to gamble with a couple thousand of somebody else's LTC. The address will be made public so anybody can inspect to see that their coins are still there at any time.

Zeek_W

sr. member

Activity: 336

Merit: 250

Very smart Tomato, very smart. I like Tongue

posormo

member

Activity: 109

Merit: 10

Quote from: Tomatocage on September 10, 2013, 01:09:32 AM

Quote from: posormo on September 10, 2013, 12:36:27 AM

Yes, and the collateral should also be secure. No mention of what would be done with the litecoins. Will he simply hold them, or will he play investment games with them. Whose to say the borrowers would ever see their collateral again should something like the gox rumors make the price sky rocket.

That's a risk people take when entrusting their coins with anybody, whether that be me, Theymos, John K, or Joeyjmr8484.

Ok, just so everyone is on the same page. What happens with collateral in your case? Will you leave it in a designated address untouched. Or, will you use it for your own trading/etc activities? Fine either way, but good to know what the situation would be.

Topic: [CLOSED] Tomatocage's 1% interest loans, up to 20 BTC (collateral required) - page 7. (Read 11414 times)