Topic: Loan Required : 0.45 , Collateral worth 0.6 approx (Read 16202 times)

Quote from: DarkStar_ on January 02, 2019, 04:43:12 PM

Similar terms to what the other lending providers stipulate. I would ask that you top up the collateral if the collective value falls below .55 BTC, and if I don't hear from you and the collateral keeps dropping (to below .5 BTC) I would ask DarkStar to sell the collateral (the excess amount above .465 BTC would be returned to you, of course).

Most lenders require collateral for the principle amount, not interest. This is consistent with my lending service, m0gliE, shasan, grtthegreat, Crypto Capital. zarzab, condoras, Parodium and Lone Shark do not have a liquidation term (other than when default). Your request is not similar to what other lending providers offered, and I do not believe this term was stipulated and agreed on prior to the loan taking place. Please let me know if I am incorrect. Additionally, I cannot find a single service that requires collateral for principle + interest.

Thread archived for future reference.

I'm not trying to change the terms. I thought that was just the standard way things were done here. Though I typically don't think it would ever be enforced, certainly not with a communicative borrower, it is fair and it is the way it works on margin funding platforms. How else do you prevent a situation such as this? An inactive borrower goes by the wayside, and the lender's money gets stuck in limbo until the value eventually drops to the principal amount (or right above it), at which point the collateral finally gets liquidated and the lender gets just that and no interest.

The problem with this loan's terms is that there is no "end date". Part of the terms were that he can extend the loan if he needs to. I took this loan because I saw his loan history and he always paid back the loans without any huge extensions required. But this loan has been extended... for 8 months with no sign of it ending any time soon.

Max signs in once a month and pays no attention to this thread. I'm lenient, I can work with Max (if he reappears), but obviously I want some interest. There are many different things that I could've done with this money. I could've simply lent it on Bitfinex, which provided great daily rates on numerous occasions through the course of this loan. Do you think it's fair that I just get the principal back after such a long-standing loan? Because that is what will happen if Max is gone.

shasan

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Most lenders require collateral for the principle amount, not interest. This is consistent with my lending service, m0gliE, shasan, grtthegreat, Crypto Capital. zarzab, condoras, Parodium and Lone Shark do not have a liquidation term (other than when default). Your request is not similar to what other lending providers offered, and I do not believe this term was stipulated and agreed on prior to the loan taking place. Please let me know if I am incorrect. Additionally, I cannot find a single service that requires collateral for principle + interest.

Thread archived for future reference.

Usually, borrower asks collateral about 120% of the lending amount. But lender usually does not sell if it goes below 120%. A lender usually keeps it as collateral until it goes below the lent amount.

DarkStar_

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Quote from: Hatcher_alt on January 02, 2019, 03:54:33 PM

Anyways, interest is still active on this loan, and the total repayable amount will exceed the collateral value before this year ends at which point I will have a right to ask for the collateral to be transferred to me.

No.

Quote from: max2607 on August 14, 2018, 02:10:05 AM

Similar terms to what the other lending providers stipulate. I would ask that you top up the collateral if the collective value falls below .55 BTC, and if I don't hear from you and the collateral keeps dropping (to below .5 BTC) I would ask DarkStar to sell the collateral (the excess amount above .465 BTC would be returned to you, of course).

Most lenders require collateral for the principle amount, not interest. This is consistent with my lending service, m0gliE, shasan, grtthegreat, Crypto Capital. zarzab, condoras, Parodium and Lone Shark do not have a liquidation term (other than when default). Your request is not similar to what other lending providers offered, and I do not believe this term was stipulated and agreed on prior to the loan taking place. Please let me know if I am incorrect. Additionally, I cannot find a single service that requires collateral for principle + interest.

Thread archived for future reference.

Hatcher_alt

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New year and this loan is still active. Not sure what's going on with max but he logs in very infrequently. Anyways, interest is still active on this loan, and the total repayable amount will exceed the collateral value before this year ends at which point I will have a right to ask for the collateral to be transferred to me. Max: You know you could just repay this loan, cut your losses, and the continuous interest bleed. That's what I'd recommend, but you can do whatever you want. Just wanted to bring your attention to this.

Regards,
Hatcher

Hatcher_alt

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It's a new month so I'll need to post an update here, as things have changed and new terms haven't been established in this thread.

I have received a partial repayment at the beginning of last month of 0.22004658 BTC. That leaves the remaining principle at 0.22995342 BTC. When the principle was .45 BTC, the interest on this loan was .015 BTC a month - 3.33%. For September, October, and the months going forward, I will simply round the monthly interest down to 3%. Currently, that is 0.00689860 BTC. You only need to pay interest on the principle, so any other partial repayments will further reduce this amount.

Collateral coverage is great, and as long as it remains that way, this loan can be kept open indefinitely.

I trust that these are agreeable terms. As they are better than the previous months', I hope they are well received and we can simply continue on with them being outlined here.

Cheers,
Hatcher

Hatcher_alt

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Quote from: Hatcher_alt on August 13, 2018, 05:20:30 PM

The collateral value for this loan has fallen below the repayment amount. DarkStar_, are you able to shift more collateral over to support this loan (ideally .1 BTC worth to bring it up to a .6 BTC margin value)? Otherwise, I must ask for the collateral to be transferred to me.

https://imgur.com/a/p8rc9TS

Hey can you just chill idk whats the hurry. As i said in past regardless of how low the collateral is i will repay all the loans. I was going to send additiomal collateral but the market literally crashed today. If possible can you just wait for a week or so. I'm trying to collect funds and repay all pending loans before this month. I know that's not right but it's just a wrong timing. I promise to pay all loans regardless of collateral.
Could you please trust me on this one for once, I won't disappoint you.
Also darkstar won't be able to transfer as the collateral he has is lower than the loan amount i owe him.

You are correct that this usually isn't the way things are done here, but I did talk to DarkStar_ after I posted this and he vouched for you and said he would cover any losses on this loan if that occurred. Most borrowers would be liquidated by this point, but I'm going to respect his judgement.

max2607

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Quote from: Hatcher_alt on August 13, 2018, 05:20:30 PM

The collateral value for this loan has fallen below the repayment amount. DarkStar_, are you able to shift more collateral over to support this loan (ideally .1 BTC worth to bring it up to a .6 BTC margin value)? Otherwise, I must ask for the collateral to be transferred to me.

https://imgur.com/a/p8rc9TS

Hey can you just chill idk whats the hurry. As i said in past regardless of how low the collateral is i will repay all the loans. I was going to send additiomal collateral but the market literally crashed today. If possible can you just wait for a week or so. I'm trying to collect funds and repay all pending loans before this month. I know that's not right but it's just a wrong timing. I promise to pay all loans regardless of collateral.
Could you please trust me on this one for once, I won't disappoint you.
Also darkstar won't be able to transfer as the collateral he has is lower than the loan amount i owe him.

Hatcher_alt

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The collateral value for this loan has fallen below the repayment amount. DarkStar_, are you able to shift more collateral over to support this loan (ideally .1 BTC worth to bring it up to a .6 BTC margin value)? Otherwise, I must ask for the collateral to be transferred to me.

https://imgur.com/a/p8rc9TS

Hatcher_alt

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Quote from: DarkStar_ on July 29, 2018, 11:27:07 PM

Quote from: max2607 on July 29, 2018, 09:29:23 PM

Hey looks like end of every month i have to show up and jist extend the loan again and again. The basic reason behind this is because the market value is really low and if i sell all collateral i gave you i basically get a loss.
Here's what we can do if I'm in a state of repaying the loan i will come online and ask for repayment address and send it right away else i would like you to assume that it has been extended for another month with same interest rate.
Now as you told you don't wanna keep extending the loan for a while here's what we can do if the market is still low end of August it get's extended to 30th Sept. And even if market has a slow reaction then i think I'll just buy bitcoin and repay the loan, i can't guarantee this but asking your time till 30th Sept as if i tell you all to liquidate i lose 2 bitcoins right away. Last time i took a loan i made 1 btc profit but now as I'm hoping is to repay the loan without getting a loss. Will come online for the next 2 days if you have any question do post here or pm.
The above implies for darkstar as well I'm sorry for any inconvenience but i can't sell them at a loss and all this is just bad timing

This works for me in regards to my loan. Not really an issue as long as collateral coverage is good. I assume you'd still be checking prices to make sure things are still at good levels of margin, correct?

Works for me as well. Same as what DarkStar_ said; the collateral value needs to be kept at a sufficient level throughout the course of the loan.

DarkStar_

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Quote from: max2607 on July 29, 2018, 09:29:23 PM

Hey looks like end of every month i have to show up and jist extend the loan again and again. The basic reason behind this is because the market value is really low and if i sell all collateral i gave you i basically get a loss.
Here's what we can do if I'm in a state of repaying the loan i will come online and ask for repayment address and send it right away else i would like you to assume that it has been extended for another month with same interest rate.
Now as you told you don't wanna keep extending the loan for a while here's what we can do if the market is still low end of August it get's extended to 30th Sept. And even if market has a slow reaction then i think I'll just buy bitcoin and repay the loan, i can't guarantee this but asking your time till 30th Sept as if i tell you all to liquidate i lose 2 bitcoins right away. Last time i took a loan i made 1 btc profit but now as I'm hoping is to repay the loan without getting a loss. Will come online for the next 2 days if you have any question do post here or pm.
The above implies for darkstar as well I'm sorry for any inconvenience but i can't sell them at a loss and all this is just bad timing

This works for me in regards to my loan. Not really an issue as long as collateral coverage is good. I assume you'd still be checking prices to make sure things are still at good levels of margin, correct?

max2607

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Hey looks like end of every month i have to show up and jist extend the loan again and again. The basic reason behind this is because the market value is really low and if i sell all collateral i gave you i basically get a loss.
Here's what we can do if I'm in a state of repaying the loan i will come online and ask for repayment address and send it right away else i would like you to assume that it has been extended for another month with same interest rate.
Now as you told you don't wanna keep extending the loan for a while here's what we can do if the market is still low end of August it get's extended to 30th Sept. And even if market has a slow reaction then i think I'll just buy bitcoin and repay the loan, i can't guarantee this but asking your time till 30th Sept as if i tell you all to liquidate i lose 2 bitcoins right away. Last time i took a loan i made 1 btc profit but now as I'm hoping is to repay the loan without getting a loss. Will come online for the next 2 days if you have any question do post here or pm.
The above implies for darkstar as well I'm sorry for any inconvenience but i can't sell them at a loss and all this is just bad timing

DarkStar_

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Quote from: Hatcher_alt on July 28, 2018, 01:40:46 AM

Good morning. The end of the month is coming up and an update is required from my end before I attempt to communicate with max for an extension. My main account, Hatcher, has been locked due to an unauthorized email address/password change, and I am currently in communication with the forum's administrators to get it unlocked. It looks like it could be a lengthy process before that is completed so I have created an alt account to communicate with during the course of this loan.

Max hasn't been online since July 12th, and I am skeptical that he is going to come online in time to set extension terms before the current deadline, but the collateral for this loan is still at a healthy margin, and because of that I am not worried (yet). I have previously expressed that I am comfortable with keeping this loan open as long as he has collateral to cover it - that stance has not changed.

All messages involving monetary transactions will be signed, as I have done previously in this thread, from that same address. I am going to sign this message as well to prove that I am Hatcher, and I would like DarkStar_ to acknowledge this update. Besides that, all I can do is hope max comes online soon to set extension terms for this loan.

Thanks,
Hatcher

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is Hatcher, on Saturday July 28th, providing proof of ownership of the "Hatcher_alt" account on Bitcointalk.
-----BEGIN SIGNATURE-----
1AWjtpZNywzyQywagxWihqJQ3eQYqDov7P
HztnKdVfoc74M+pdtJuXw6ykcV26SH3tbKBEE0GhOjLaShJ28+FtdA9bHPmY6VchEDII3kzS5h+LGRGNP0t2yfc=
-----END BITCOIN SIGNED MESSAGE-----

Acknowledged.

Hatcher_alt

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Good morning. The end of the month is coming up and an update is required from my end before I attempt to communicate with max for an extension. My main account, Hatcher, has been locked due to an unauthorized email address/password change, and I am currently in communication with the forum's administrators to get it unlocked. It looks like it could be a lengthy process before that is completed so I have created an alt account to communicate with during the course of this loan.

Max hasn't been online since July 12th, and I am skeptical that he is going to come online in time to set extension terms before the current deadline, but the collateral for this loan is still at a healthy margin, and because of that I am not worried (yet). I have previously expressed that I am comfortable with keeping this loan open as long as he has collateral to cover it - that stance has not changed.

All messages involving monetary transactions will be signed, as I have done previously in this thread, from that same address. I am going to sign this message as well to prove that I am Hatcher, and I would like DarkStar_ to acknowledge this update. Besides that, all I can do is hope max comes online soon to set extension terms for this loan.

Thanks,
Hatcher

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is Hatcher, on Saturday July 28th, providing proof of ownership of the "Hatcher_alt" account on Bitcointalk.
-----BEGIN SIGNATURE-----
1AWjtpZNywzyQywagxWihqJQ3eQYqDov7P
HztnKdVfoc74M+pdtJuXw6ykcV26SH3tbKBEE0GhOjLaShJ28+FtdA9bHPmY6VchEDII3kzS5h+LGRGNP0t2yfc=
-----END BITCOIN SIGNED MESSAGE-----

DarkStar_

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max2607 has added an additional 300k BCN to the collateral for this loan.

Hatcher

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Quote from: max2607 on July 07, 2018, 01:06:08 PM

I'm still alive i have not been assassinated, I was a bit busy so couldn't keep up but not to worry I am sending darkstar 1 million bcn which is enough. As i messaged you I'm not able to repay you because of the market ups and down i just want the market to recover a bit. I have and will never default a loan that's my guarantee

I don't mind you taking out this loan for months on end, I just don't like feeling antsy about the collateral situation. Let me know when you send DarkStar the BCN as some of that will be used to support this loan.

Thanks,
Hatcher

max2607

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Need a nice avatar, can someone help :-)

I'm still alive i have not been assassinated, I was a bit busy so couldn't keep up but not to worry I am sending darkstar 1 million bcn which is enough. As i messaged you I'm not able to repay you because of the market ups and down i just want the market to recover a bit. I have and will never default a loan that's my guarantee

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Quote from: zazarb on July 06, 2018, 06:46:13 AM

Quote from: brenzosa on July 06, 2018, 05:18:39 AM

hi, i have a question regarding this case.

if max defaulted and hatcher gets the collateral, is it ok for hatcher to do a negative trust on max? or a negative trust isn't appropriate since he got the collateral and they just followed the contract that the lender gets the collateral if the borrower defaulted so there's no violation technically.

in this case , he (max) does not fulfill his obligations repaid timely, so negative trust necessary, collateral value always fluctuating, and not always can't cover losses.

thanks for the reply. so max can't complain if given negative trust. having default and collateral be confiscated doesn't mean you're safe. borrowers should always pay the loan plus interest no matter what. collateral is there just for insurance and minimize loss on lender's part.

zazarb

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Get loan in just five minutes goo.gl/8WMW6n

Quote from: brenzosa on July 06, 2018, 05:18:39 AM

hi, i have a question regarding this case.

if max defaulted and hatcher gets the collateral, is it ok for hatcher to do a negative trust on max? or a negative trust isn't appropriate since he got the collateral and they just followed the contract that the lender gets the collateral if the borrower defaulted so there's no violation technically.

in this case , he (max) does not fulfill his obligations repaid timely, so negative trust necessary, collateral value always fluctuating, and not always can't cover losses.

brenzosa

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hi, i have a question regarding this case.

if max defaulted and hatcher gets the collateral, is it ok for hatcher to do a negative trust on max? or a negative trust isn't appropriate since he got the collateral and they just followed the contract that the lender gets the collateral if the borrower defaulted so there's no violation technically.

Hatcher

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Quote from: gueorguiev on July 06, 2018, 01:02:47 AM

This was getting intense to read. Where's Max? ,has someone assassinated him in real life. Will there ever re compensation for loss on the loan?!

Stay tuned..

There is no loss. This is a collateralized loan. Not only does this not concern you, but you didn't actually read (or comprehend) the thread before you made this comment.

gueorguiev

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This was getting intense to read. Where's Max? ,has someone assassinated him in real life. Will there ever re compensation for loss on the loan?!

Stay tuned..

Hatcher

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This loan has technically expired. I would be ok with extending it, knowing that the collateral situation is reliable (and transparent), and if the interest rate is consistent with what was outlined at the start of this thread. At the end of last month Max did ask to extend this loan for another month, yet he only wanted to pay .01 BTC interest for the extended period which is a decrease in interest by 33%. The interest rate is already very low (about .1% a day), so I told him I couldn't accept that, and asked that he keep it at .015 BTC for the month. He hasn't responded to that message from over 4 days ago:

Quote from: Hatcher on July 02, 2018, 01:05:35 AM

Quote from: max2607 on July 02, 2018, 12:45:18 AM

Quote from: Hatcher on June 30, 2018, 04:01:22 AM

Quote from: max2607 on June 29, 2018, 12:53:44 PM

Hey would like to extend the loan again to 31st august with repayment amount of 0.49. I have already messaged darkstar to add additional collateral so you don't have to worry about it

Last two months you did .015 each, and now you want two months for .01?

Hey sorry for the misconception it is till 31st July i always get confused between June and July

Ok, then make the total repayment amount 0.495, and it is consistent with the interest you have given in the previous months (.015 BTC each).

Dealing with max has become quite frustrating and honestly I'd rather just be done with it at this point. DarkStar_, do you want to take over this loan for me? Seeing as you have the collateral, and he seems to be more communicative with you. The total amount he owes me (before July 1st) is 0.48, but I'll settle for 0.475 BTC, and you'll get the full month of July's interest, whatever interest rate you establish with him.

Thanks,
Hatcher

DarkStar_

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Quote from: Hatcher on June 25, 2018, 07:15:57 PM

Quote from: DarkStar_ on June 25, 2018, 07:04:20 PM

I think max might be having issues irl or something. He did respond to my PM and added more collateral (852 stratis, and 118 ETC that's still not sent). Would you be fine with giving him a bit more time? I don't think he's trying to scam or anything. I'll cover any losses you might get from waiting.

Sure, if you can cover any potential losses, I have no problem waiting.

Sounds good, I'll give max a little bit more time before deciding what to do.

Hatcher

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Quote from: DarkStar_ on June 25, 2018, 07:04:20 PM

I think max might be having issues irl or something. He did respond to my PM and added more collateral (852 stratis, and 118 ETC that's still not sent). Would you be fine with giving him a bit more time? I don't think he's trying to scam or anything. I'll cover any losses you might get from waiting.

Sure, if you can cover any potential losses, I have no problem waiting.

DarkStar_

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I think max might be having issues irl or something. He did respond to my PM and added more collateral (852 stratis, and 118 ETC that's still not sent). Would you be fine with giving him a bit more time? I don't think he's trying to scam or anything. I'll cover any losses you might get from waiting.

Hatcher

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48 hours have passed and max has been online multiple times (4 times that I've noticed) and he's made no effort to respond to this thread or my PM. At this point the collateral value has fallen well below the repayment amount, and my principal is currently being threatened. This is not the kind of risk I envisioned with such a low interest loan. Please send the collateral to my addresses so I can get what I can from selling it and he can pay the difference when he gets his act together.

Stellar (Bitfinex):

GAWPTHY6233GRWZZ7JXDMVXDUDCVQVVQ2SXCSTG3R3CNP5LQPDAHNBKL

Memo: 2073a71a47cb6fc834 (Necessary to use this as it's an exchange account)

Ripple (Bitfinex):

rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm

Tag: 654988408 (Necessary to use this as it's an exchange account)

Dogecoin: DHng9Qr9ehi5VknB5XhB8dLCV7CyfyFBoD

Thanks,
Hatcher

EDIT: For security purposes, I have included a signed message from an address I have used in a previous loan deal:

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is Hatcher, on Monday June 25th, requesting DarkStar_ to transfer max2607's loan collateral over to me.
-----BEGIN SIGNATURE-----
1AWjtpZNywzyQywagxWihqJQ3eQYqDov7P
H1sTbsiAzltS34kviiebFD+23/h9lbWRCVkE9XNiy14YADEQSs86V+SyiPu3dMqIYT6PBf5yCg4eaHhTiJa/7bE=
-----END BITCOIN SIGNED MESSAGE-----

Hatcher

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Quote from: DarkStar_ on June 23, 2018, 05:02:06 PM

Quote from: Hatcher on June 23, 2018, 02:02:38 AM

The collective value of the collateral for this loan has fallen below .5 BTC. DarkStar, do you still have some collateral to shift over to support this loan? I'm thinking 0.05 BTC should be enough until the loan term comes to an end.

Nope, max's loan with me is actually below 100% value.

Ok. Then I'll give him 48 hours to top up as mentioned earlier in this thread, and if he doesn't do that within that time frame I will ask for the collateral to be transferred to me.

PM sent to max.

DarkStar_

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Quote from: Hatcher on June 23, 2018, 02:02:38 AM

The collective value of the collateral for this loan has fallen below .5 BTC. DarkStar, do you still have some collateral to shift over to support this loan? I'm thinking 0.05 BTC should be enough until the loan term comes to an end.

Nope, max's loan with me is actually below 100% value. (99.9%, but still)

Hatcher

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The collective value of the collateral for this loan has fallen below .5 BTC. DarkStar, do you still have some collateral to shift over to support this loan? I'm thinking 0.05 BTC should be enough until the loan term comes to an end.

DarkStar_

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Quote from: Hatcher on May 25, 2018, 08:08:21 PM

At max2607's request, this loan has been extended to July 1st with a total repayment amount of .48 BTC.

Noted.

Hatcher

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At max2607's request, this loan has been extended to July 1st with a total repayment amount of .48 BTC.

max2607

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Need a nice avatar, can someone help :-)

Quote from: DarkStar_ on May 05, 2018, 10:10:49 AM

If max is fine with this, I'd also be willing to count some of the collateral they provided for the loans they took from me (now 3.559BTC worth of collateral for a 2.28BTC loan) into this loan in the event that the coins drop, as max wants to avoid liquidation.

Sure why not as long as hatcher doesn't have a problem with it though xvg is going to fall now so me the 3.5 will reduce

DarkStar_

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If max is fine with this, I'd also be willing to count some of the collateral they provided for the loans they took from me (now 3.559BTC worth of collateral for a 2.28BTC loan) into this loan in the event that the coins drop, as max wants to avoid liquidation.

max2607

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Need a nice avatar, can someone help :-)

Quote from: Hatcher on May 05, 2018, 06:58:48 AM

Quote from: Hatcher on May 05, 2018, 06:38:24 AM

I can fill this, no problem.

Similar terms to what the other lending providers stipulate. I would ask that you top up the collateral if the collective value falls below .55 BTC, and if I don't hear from you and the collateral keeps dropping (to below .5 BTC) I would ask DarkStar to sell the collateral (the excess amount above .465 BTC would be returned to you, of course).

I will add more collateral if thr value falls as stated in pm let me know

Ok these are the terms then:

If it falls below .5 BTC you will add collateral to bring it up to at least .55 BTC.
If I ask for more collateral and you don't respond in 24 hours (I will notify you in PM and make a post in this thread for a public timestamp) then I can ask DarkStar to sell the collateral.

If you agree with this, then I'll wait until DarkStar comes online to acknowledge the terms of the loan, and I will send the amount over.

I agree but i need 48 hours to add more collateral as sometimes i don't come online for certain reasons

Ok that's fine. Just try to keep an eye on the collateral yourself so you can send more if it gets to dangerous levels. That way I don't need to ask.

And why do want darkstar to confirm he's just the escrow as i said in pm i will sign a message with all the terms

Reasonable enough. Since I'm going to sleep soon, I can send this over now. Just give me a moment.

EDIT: Sent!

You have to worry about collateral i will surely add more if needed most likely that shouldn't happen but if it does don't worry i got you
Plus here's a signed message

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
My loan request was funded by Hatcher and the collateral was escrowed with darkstar.
In case i fail to repay the loan on 1st june i authorise darkstar to send the collateral to Hatcher

-----BEGIN SIGNATURE-----
1JPHtpKDsZ5ZdS2P1vQb2pqdD4xTcEKFGz
H1WEeAATIQPhsO3BYnuPQ57vMeXZDd3l8Hc+pICvGm/mD/c+VsvwE9JXJybtfNFMK9ZhRei056DI0p79r9u98h4=
-----END BITCOIN SIGNED MESSAGE-----

I couldn't sign rest of the message because ledger keeps showing an error here's the remaining messasge
This is max2607 , today is 5th may
My loan request was funded by Hatcher and the collateral was escrowed with darkstar.
In case i fail to repay the loan on 1st june i authorise darkstar to send the collateral to Hatcher
Terms :
1. If collateral value falls below 0.5 btc i will be allowed 48 hours to porvide additional collateral
2. I can extend the loan if needed with additional interest to be paid

Hatcher

full member

Activity: 369

Merit: 111

Quote from: Hatcher on May 05, 2018, 06:38:24 AM

I can fill this, no problem.

Similar terms to what the other lending providers stipulate. I would ask that you top up the collateral if the collective value falls below .55 BTC, and if I don't hear from you and the collateral keeps dropping (to below .5 BTC) I would ask DarkStar to sell the collateral (the excess amount above .465 BTC would be returned to you, of course).

I will add more collateral if thr value falls as stated in pm let me know

Ok these are the terms then:

If it falls below .5 BTC you will add collateral to bring it up to at least .55 BTC.
If I ask for more collateral and you don't respond in 24 hours (I will notify you in PM and make a post in this thread for a public timestamp) then I can ask DarkStar to sell the collateral.

If you agree with this, then I'll wait until DarkStar comes online to acknowledge the terms of the loan, and I will send the amount over.

I agree but i need 48 hours to add more collateral as sometimes i don't come online for certain reasons

Ok that's fine. Just try to keep an eye on the collateral yourself so you can send more if it gets to dangerous levels. That way I don't need to ask.

Quote from: Hatcher on May 05, 2018, 06:38:24 AM

And why do want darkstar to confirm he's just the escrow as i said in pm i will sign a message with all the terms

Reasonable enough. Since I'm going to sleep soon, I can send this over now. Just give me a moment.

EDIT: Sent!

max2607

member

Activity: 135

Merit: 22

Need a nice avatar, can someone help :-)

I can fill this, no problem.

Similar terms to what the other lending providers stipulate. I would ask that you top up the collateral if the collective value falls below .55 BTC, and if I don't hear from you and the collateral keeps dropping (to below .5 BTC) I would ask DarkStar to sell the collateral (the excess amount above .465 BTC would be returned to you, of course).

I will add more collateral if thr value falls as stated in pm let me know

Ok these are the terms then:

If it falls below .5 BTC you will add collateral to bring it up to at least .55 BTC.
If I ask for more collateral and you don't respond in 24 hours (I will notify you in PM and make a post in this thread for a public timestamp) then I can ask DarkStar to sell the collateral.

If you agree with this, then I'll wait until DarkStar comes online to acknowledge the terms of the loan, and I will send the amount over.

I agree but i need 48 hours to add more collateral as sometimes i don't come online for certain reasons
And why do want darkstar to confirm he's just the escrow as i said in pm i will sign a message with all the terms

Hatcher

full member

Activity: 369

Merit: 111

I can fill this, no problem.

Similar terms to what the other lending providers stipulate. I would ask that you top up the collateral if the collective value falls below .55 BTC, and if I don't hear from you and the collateral keeps dropping (to below .5 BTC) I would ask DarkStar to sell the collateral (the excess amount above .465 BTC would be returned to you, of course).

I will add more collateral if thr value falls as stated in pm let me know

Ok these are the terms then:

If it falls below .5 BTC you will add collateral to bring it up to at least .55 BTC.
If I ask for more collateral and you don't respond in 24 hours (I will notify you in PM and make a post in this thread for a public timestamp) then I can ask DarkStar to sell the collateral.

If you agree with this, then I'll wait until DarkStar comes online to acknowledge the terms of the loan, and I will send the amount over.

condoras

legendary

Activity: 2912

Merit: 1103

This is what I do. I drink and I know things.

Hello max2607, i can fill this request of yours but with a different Repayment Amount. 0.477BTC

Because DarkStar_ will held and be responsible for your Collateral, he will check the price of it and if the price drops to 0.48BTC you will have to send him any extra amount. As much as he thinks appropriate for covering it.
I will also pay him 0.002BTC for this "extra" obligation, after your repayment.

max2607

member

Activity: 135

Merit: 22

Need a nice avatar, can someone help :-)