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Topic: [Filled-Repayed] Short Term Loan with LTC as Collateral - page 2. (Read 1808 times)

sr. member
Activity: 336
Merit: 250
Cuddling, censored, unicorn-shaped troll.
Howdy!

How much?:  I am interested in a short term loan of around 6.16 BTC.

What's it for?:  The loan will to be used for the purchase of mining hardware from user ssinc's current Group Buy (https://bitcointalksearch.org/topic/closed-09-or-less-bpmc-blue-fury-27-ghs-usb-miner-ssinc-gb9-296301).

Really? ...Mining?:  I realize that mining isn't really a profitable endeavor at this level especially with faster hardware always being developed.  I'm not really interested in making money off mining BTC, this is more of a hobby and will likely be incorporated into an off-grid solar powered mining system as a proof of concept.

Story Time!:  I have the funds to cover the purchase in USD, but the price discrepancy between BTC and USD (nearly $200 difference) is just too much for me to leave on the table.  I didn't realize that buying BTC off of a site like Coinbase takes nearly a full week (2-3 Days to verify account + 3-4 Days to transfer funds), causing a slight time constraint with the Group Buy ending on or around September 26th.

Collateral (not the Tom Cruise movie):  I currently have 250 LTC that I can put up as collateral.

What's in it for you?  That's for you to decide, I'd obviously like to pay as little interest as possible while also dealing with someone who has an established reputation as a reliable lender.

Please reply with offers, and if I find the terms acceptable, we will work the details here.

Thanks!

Brian O'

I'm willing to trade your 6.16BTC for my 250LTC. Should I pm John K?
sr. member
Activity: 308
Merit: 250
good luck dude
sr. member
Activity: 280
Merit: 261
New In Town...
Howdy!

Who am I?  My name is Brian O'Connor, I've been mining LTC for awhile now and have been a primary contributing member on the WeMineCrypto forums, mostly helping with Hardware/Miner Configuration.  My username there is bmoconno-ltc (https://www.weminecryptos.com/forum/user/54-bmoconno-ltc/) and my Facebook page is http://www.facebook.com/bmoconno I can be reached at bmoconnomtu.edu for further confirmation of my identity.

How much?:  I am interested in a short term loan of around 6.16 4.5 BTC.

What's it for?:  The loan will to be used for the purchase of mining hardware from user ssinc's current Group Buy (https://bitcointalksearch.org/topic/closed-09-or-less-bpmc-blue-fury-27-ghs-usb-miner-ssinc-gb9-296301).

Really? ...Mining?:  I realize that mining isn't really a profitable endeavor at this level especially with faster hardware always being developed.  I'm not really interested in making money off mining BTC, this is more of a hobby and will likely be incorporated into an off-grid solar powered mining system as a proof of concept.

Story Time!:  I have the funds to cover the purchase in USD, but the price discrepancy between BTC and USD (nearly $200 difference) is just too much for me to leave on the table.  I didn't realize that buying BTC off of a site like Coinbase takes nearly a full week (2-3 Days to verify account + 3-4 Days to transfer funds), causing a slight time constraint with the Group Buy ending on or around September 26th.

Collateral (not the Tom Cruise movie):  I currently have 250 LTC that I can put up as collateral.

What's in it for you?  That's for you to decide, I'd obviously like to pay as little interest as possible while also dealing with someone who has an established reputation as a reliable lender.

Please reply with offers, and if I find the terms acceptable, we will work the details here.

Thanks!

Brian O'

My BTC receive address:  1JVfo7NhM18JA5khT5r5q5gFy1sqrFZ89z

My LTC receive address for return of collateral:  LXVBptjHTcrJoeN97W86xRyS5o5ZjMCSLh

Edited:  Lowered amount requested to more closely represent what has been offered as collateral.
Edited:  Added more about myself, to help soothe the savage unicorn beast.
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