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Topic: ❈ Fish's Bitcoin Micro Loaning Service ❈ [0.05 BTC AVAILABLE] - page 3. (Read 2972 times)

full member
Activity: 149
Merit: 100
Solar Bitcoin Specialist
2008 caught out the $ banks because they had one department lending out willy nilly to anyone in order to prop up the economy while their investment banking department collected 'proof' that nobody ever defaulted on the 98th % slice of mortgage backed securities.  Please don't do anything like that with bitcoin-bond collections, as our avoidance of usary is one of the advantages of bitcoin over fictional reserve banking.  If you can collect either ounces of silver or comparable collateral then that would be less suss than BTC for forum accounts as collateral.  And hopefully you'll collect enough bullion from defaulters to not knock a hole in the wall.
sr. member
Activity: 462
Merit: 250
I have access to the account "CoinHopper". Before I take control and change the email and password, please assure me you can repay the requested 0.025 BTC (0.005 BTC loan fee). If so, please confirm in this thread. The repayment address is: 1FTua17f5hJvF2kTBbzUE2NsYo1eEQ3wFg
Remember, only repay to this address, no others. Once the loan is repaid, I will give you the account back with the password you gave me and the email address that was originally on it. Please change the password when you receive it back.

Thank you

Edit: CoinHopper account is now in my possession. User confirmed fees through PM with alt account "hophoper". Loan sent.
https://blockchain.info/tx-index/25f8895c1e09f879f37a8c04798ef4967cecb8c430e2303e2614908a6aa54826
sr. member
Activity: 462
Merit: 250
Loan amount: 0.02BTC
Collateral: my account
Repayment date: March 15
Reason: Buy credit phone
Bitcoin address: 1HYNFzrX64pRsnft4ekm5ZBRD52Rg3J933
ACCEPTED
Would you like an escrow? If not, please PM me account details and to outline repayment amount.
sr. member
Activity: 280
Merit: 250
Two heads are better than one.
Loan amount: 0.02BTC
Collateral: my account
Repayment date: March 15
Reason: Buy credit phone
Bitcoin address: 1HYNFzrX64pRsnft4ekm5ZBRD52Rg3J933
sr. member
Activity: 462
Merit: 250
interesting. in any case how much would my account be worth as collateral.
I would provide you with a loan up to 0.04 BTC for this account, judged on post quality and activity. I will consider negotiation if you were looking for a higher loan that 0.04 BTC. Please fill an application if this is sufficient, or quote this post if you would like to negotiate. I would prefer to negotiate outside of private messages in order to keep a public record.
Thank you for the interest.
sr. member
Activity: 588
Merit: 251
interesting. in any case how much would my account be worth as collateral.
sr. member
Activity: 462
Merit: 250
Hello,
So I've decided to start myself a loaning service. I have recently only just become active on the forum again, a post proving this account has not been sold is here:
https://bitcointalksearch.org/topic/m.14114439

Currently Available To Loan:
BTC0.05

What Is Valid Collateral?
Currently Accepted Collateral:
- Bitcoin Forum Accounts (Minimum of Full Member status - I take no responsibility if you are kicked from sig. campaigns for inactivity)
- Valid Alt Coins (Coins that have value and are stable)
- BitGold
- Suggest Something!

Terms & Conditions of Loans
The value of the collateral you provide is at my discretion, collateral for me is what I say it is worth. By providing me with collateral, your understand the collateral becomes my property until the loan is repaid. If you do not repay within the specified time frame, your provided collateral becomes permanently my property and will be sold without your permission, it belongs to me. I do not use Escrow, only at your cost and request. Time extensions for the loan can be applied for, but this must be before your repayment time expires. Repayments to the wrong Bitcoin address will result in collateral being sold, unless another payment of the full repayment amount is given to the correct address. I will assume you have defaulted on the loan if no contact has been made (and no repayment) by the repayment date, do not expect me to still have your collateral if you contact me after your repayment date. Although I don't require it, it is preferable for you to have an alt. account if I need to contact you about a repayment time extension or anything else.

Interest Rates
Interest rates are below, I offer "discounts" on interest the more you borrow.[/b]
BTC0-0.049 - 12%
BTC0.05-0.99 - 11%
BTC0.1-0.5 - 10%    <------- Currently not lend-able, I don't even have that in my personal wallet (non-lending wallet)!
A 10% compound late fee is applied for each week of repayment extension, added at the first day of each week late. For loans over two weeks, there is also a compound interest rate of 5% each week, added at the start of each week.

Application
Remember - NO collateral, NO loan.
I will usually reply to any loan requests within a few hours, but please give me a maximum of 24 hours!
Please ensure you only apply in this thread, do not PM me please.

Application form (please copy and paste, then fill out):
Code:
Requested Loan Amount:
Collateral To Be Provided:
Proposed Repayment Date:
Reason For Loan:
Amount To Be Repaid:
ALL USERS - LOANS WILL ONLY EVER BE ASKED TO BE REPAID TO THE FOLLOWING ADDRESS:
1FTua17f5hJvF2kTBbzUE2NsYo1eEQ3wFg




Loans
#1 CoinHopper/hophoper (alt.) - Loaned: BTC0.02 - Repayment: BTC0.025 - Payment Due: 15th March 2016 - Status: Paid Early!
#2 excword/excwordalt (alt.) - Loaned: BTC0.015 - Repayment: BTC0.019 - Payment Due: 21st March 2016 - Status: Defaulted - Collateral Sold For 0.0201
#3 txbtc/txbtc2 (alt.) - Loaned: BTC0.02 - Repayment: BTC0.024 - Payment Due: 31st March 2016 - Status: Defaulted - Collateral Sold For 0.0201


Defaulted User hasn't made an extension request in the time frame and has not repaid.
Late [Weeks Late] - Loan repayment is still in progress as the user has requested a time extension, but a late charge is now in progress.
Accepted - Loan has been sent and collateral has been taken, awaiting repayment
Paid - User has paid back the loan in full. Collateral has been given back.
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