I am not so sure that it is appropriate to ask for both BCH and BTC for outstanding loans. I don't see anything in his loan agreements that would compel his borrowers to repay both BCH and BTC. One party to a contract does not have the right to unilaterally change the terms of the contract without the other party of said contract accepting the modified terms.
I would also point out that BCH is trading at roughly 0.179 BTC and BTC is trading at >100% from where it was trading only days ago, and is roughly at the ATH.
I would say that interest paid by borrowers is what compensates Lone Shark for the loss of being able to use BTC for whatever he wants, including to use it to receive BCH, when possible. if Lone Shark was not lending out his BTC, he would have the opportunity to lend it out on bitfinex (or another exchange), or invest it in an ICO, or invest it elsewhere, and it would not be reasonable to have borrowers repay hypothetical returns on these investments plus interest for the loan.
Topic: Lone Shark attempting to extort Bitcoin Cash from customers - page 2. (Read 1159 times)
Simple, borrowers, do not send these abusive lenders bitcoin cash. Why allow them to extort you? If they do, they are plainly and simply criminals.
You owe them bitcoins. You pay back bitcoins + interest. Don't let them enrich themselves by enforcing murky out of terms demands for bitcoin cash.
You owe them bitcoins. You pay back bitcoins + interest. Don't let them enrich themselves by enforcing murky out of terms demands for bitcoin cash.
Perfectly worded.
Simple, borrowers, do not send these abusive lenders bitcoin cash. Why allow them to extort you? If they do, they are plainly and simply criminals.
You owe them bitcoins. You pay back bitcoins + interest. Don't let them enrich themselves by enforcing murky out of terms demands for bitcoin cash.
You owe them bitcoins. You pay back bitcoins + interest. Don't let them enrich themselves by enforcing murky out of terms demands for bitcoin cash.
Adding Lone Shark response in other thread here for completeness-
Hi you noob SOB,
Got my account back. So that was great. First, would like to thank Cyrus for giving me a second chance at redemption. I thank you greatly. This might not be the best place to post my thanks, but I will create a new post about it.
FYI, my post on my alt was not for purposes of ban evasion, but for just informing people who owe me. This was allowed by hilariousandco for your info.
Who the fuck I think I am? I'm fucking Lone Shark bitch. Since you are so hostile to my me, I would be to you. You aren't even a borrower here.
For your info asshole, it split. BCC is a network split you noob shit. Why would thymos and everyone else even post about the split if it was not a split? Wtf are you talking about shitty scam altcoins based on BTC protocol? If they are base from BTC protocol, that is the only likeness they have with BTC. Know the difference of a regular Altcoin that is based on BTC protocol and what BCC is.
The reason I asked for the BCC is that given that I had the bitcoins with me prior to August 1, then that means I would have gotten BTC and BCC at the same time. But since I have BTC with my borrowers then that means I would not receive any BTC that split, ie BCC. I gave my borrower ample time to repay it earlier and offer to give a discount of the interest. I even PM'ed some of them if they pay back I would not charge any more interest for your information.
The interest are high here since the crypto world has even higher growth rate than our interest rates. You can even check out other lending threads, they even charge far higher than mine.
Cheers,
Cheeky Bastard
this.
This is a sticky issue here, is it not? Whether a borrower owes a lender BTC + BCH because of the
split. I get that this isn't the thread to discuss it in, but part of me thinks Lone Shark is correct
in asking for the BCH as well. But I understand your point of view as well. In any case, LS is going
to have one hell of a time trying to collect if he's banned. This forum is crawling with people who
won't pay back a loan if you give them half a chance.
This is not a discussion thread. Deleting both of your posts by the way.
Lone Shark my response is simple, you lent your BTC out under an agreement. Those BTC are the borrowers. You cant change the agreement as you see fit. You gave your borrowers an option to repay early and receive an interest discount. That was fine. It is up to your borrowers to take up that option on their choice, NOT YOURS. If they do not choose that option, you don't have a Fuking leg to stand on and demand they pay you both coins.
And you are WRONG about the fork. You have no idea what you're talking about.
Lone Shark as you are banned you are now ban evading by creating this alt account. Do you have theymos' permission to post again?
Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.
BTC did not split, there is now just an altcoin. There are hundreds of altcoins from the BTC protocol. You have no rights to any of them from your customers. Not a single extra Satoshi and defintely no rights to BCH, unless you specified that in your original agreement. Which you did not.
People, don't let these lenders getaway with such bullshit. They lent you BTC and that is all you should repay them as agreed originally.
You cheeky bastard. Take your massive high interest rates and good riddance to trash like you.
Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.
BTC did not split, there is now just an altcoin. There are hundreds of altcoins from the BTC protocol. You have no rights to any of them from your customers. Not a single extra Satoshi and defintely no rights to BCH, unless you specified that in your original agreement. Which you did not.
People, don't let these lenders getaway with such bullshit. They lent you BTC and that is all you should repay them as agreed originally.
You cheeky bastard. Take your massive high interest rates and good riddance to trash like you.
Hi you noob SOB,
Got my account back. So that was great. First, would like to thank Cyrus for giving me a second chance at redemption. I thank you greatly. This might not be the best place to post my thanks, but I will create a new post about it.
FYI, my post on my alt was not for purposes of ban evasion, but for just informing people who owe me. This was allowed by hilariousandco for your info.
Who the fuck I think I am? I'm fucking Lone Shark bitch. Since you are so hostile to my me, I would be to you. You aren't even a borrower here.
For your info asshole, it split. BCC is a network split you noob shit. Why would thymos and everyone else even post about the split if it was not a split? Wtf are you talking about shitty scam altcoins based on BTC protocol? If they are base from BTC protocol, that is the only likeness they have with BTC. Know the difference of a regular Altcoin that is based on BTC protocol and what BCC is.
The reason I asked for the BCC is that given that I had the bitcoins with me prior to August 1, then that means I would have gotten BTC and BCC at the same time. But since I have BTC with my borrowers then that means I would not receive any BTC that split, ie BCC. I gave my borrower ample time to repay it earlier and offer to give a discount of the interest. I even PM'ed some of them if they pay back I would not charge any more interest for your information.
The interest are high here since the crypto world has even higher growth rate than our interest rates. You can even check out other lending threads, they even charge far higher than mine.
Cheers,
Cheeky Bastard
Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.
He is ban evading, definitely, and I'm curious as to whether mods are going to toleratethis.
This is a sticky issue here, is it not? Whether a borrower owes a lender BTC + BCH because of the
split. I get that this isn't the thread to discuss it in, but part of me thinks Lone Shark is correct
in asking for the BCH as well. But I understand your point of view as well. In any case, LS is going
to have one hell of a time trying to collect if he's banned. This forum is crawling with people who
won't pay back a loan if you give them half a chance.
This is not a discussion thread. Deleting both of your posts by the way.
Lone Shark my response is simple, you lent your BTC out under an agreement. Those BTC are the borrowers. You cant change the agreement as you see fit. You gave your borrowers an option to repay early and receive an interest discount. That was fine. It is up to your borrowers to take up that option on their choice, NOT YOURS. If they do not choose that option, you don't have a Fuking leg to stand on and demand they pay you both coins.
And you are WRONG about the fork. You have no idea what you're talking about.
What is it with this guy Lone Shark who has told his customers they also now owe him BCH as well as BTC even though that was never in the original agreement. What if customers refuse? Do they deserve to get collaterals sold or negative feedback. No way. This latest fork of the BTC protocol has no impact on loan agreements for BTC here.
He is banned and banned for good reason. Do not allow him to extort anything from you other than original agreement. No matter what notice was given. That is just bullshit.
Below is what i wrote in his loan thread -
Lone Shark as you are banned you are now ban evading by creating this alt account. Do you have theymos' permission to post again?
Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.
BTC did not split, there is now just an altcoin. There are hundreds of altcoins from the BTC protocol. You have no rights to any of them from your customers. Not a single extra Satoshi and defintely no rights to BCH, unless you specified that in your original agreement. Which you did not.
People, don't let these lenders getaway with such bullshit. They lent you BTC and that is all you should repay them as agreed originally.
You cheeky bastard. Take your massive high interest and good riddance to trash like you.
He is banned and banned for good reason. Do not allow him to extort anything from you other than original agreement. No matter what notice was given. That is just bullshit.
Below is what i wrote in his loan thread -
Lone Shark as you are banned you are now ban evading by creating this alt account. Do you have theymos' permission to post again?
Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.
BTC did not split, there is now just an altcoin. There are hundreds of altcoins from the BTC protocol. You have no rights to any of them from your customers. Not a single extra Satoshi and defintely no rights to BCH, unless you specified that in your original agreement. Which you did not.
People, don't let these lenders getaway with such bullshit. They lent you BTC and that is all you should repay them as agreed originally.
You cheeky bastard. Take your massive high interest and good riddance to trash like you.
Deleted you bs post. But quoted it for people to see.
https://bitcointalksearch.org/topic/m.20551474
Again, I would like to reiterate that I sent out a message to every borrower I had about it 2 weeks before August 1. For your information again, I PM'ed those people with big loans that they can just pay up the loan with no interest before August 1 and a lot of them agreed to this change. No retaliation or whatsoever was ever sent to me.
Actually, you are the only one complaining, and you don't even have a loan with me. Unless you are borrower of mine that is hiding his ass under a noob account then this will make sense. If you are, then PM me damn it. There is no point in hiding. As if I was not kind to my borrowers. Most of them always ask for extension and they get it even without additional interest. You can ask them.
So far I have ran a fair loan business here and I believe what I asked them is always in the spirit of fairness. If it was not fair I would have received awfully a lot of negative feed back about it from my borrowers and for sure they have posted their sentiments on my thread or through PM. And again, I did not receive such.
So, again, what is your problem with all of this? Not sure what your interest in all of this is. This is really a pointless discussion, especially that you are not even a party to my transactions.
Cheers,
Cheeky Bastard
Oh yeah, this isn't ban evasion anymore as it was already lifted. So your thread title is already defamatory.
I just wrote a reply to you in the other thread, but I'm glad you started this. It'n interesting
dilemma. Should he expect BCH in addition to the BTC that he lent out? I'm kind of on the
fence about it, so don't attack me. I'm very curious to see what other people think about it.
There's no way those borrowers aren't going to try to use his stipulations as grounds to default
on their loans. Not this community.
Added: I understand, it wasn't a discussion thread and I apologize. You lucked out with that ban appeal.
I was interested in the bigger philosophical question of what should happen in cases like yours.
dilemma. Should he expect BCH in addition to the BTC that he lent out? I'm kind of on the
fence about it, so don't attack me. I'm very curious to see what other people think about it.
There's no way those borrowers aren't going to try to use his stipulations as grounds to default
on their loans. Not this community.
Added: I understand, it wasn't a discussion thread and I apologize. You lucked out with that ban appeal.
I was interested in the bigger philosophical question of what should happen in cases like yours.
What is it with this guy Lone Shark who has told his customers they also now owe him BCH as well as BTC even though that was never in the original agreement. What if customers refuse? Do they deserve to get collaterals sold or negative feedback. No way. This latest fork of the BTC protocol has no impact on loan agreements for BTC here.
Heis was banned and banned for good reason. Do not allow him to extort anything from you other than original agreement. No matter what notice was given. That is just bullshit.
Below is what i wrote in his loan thread -
Lone Shark as you are banned you are now ban evading by creating this alt account. Do you have theymos' permission to post again?
Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.
BTC did not split, there is now just an altcoin. There are hundreds of altcoins from the BTC protocol. You have no rights to any of them from your customers. Not a single extra Satoshi and defintely no rights to BCH, unless you specified that in your original agreement. Which you did not.
People, don't let these lenders getaway with such bullshit. They lent you BTC and that is all you should repay them as agreed originally.
You cheeky bastard. Take your massive high interest and good riddance to trash like you.
He
Below is what i wrote in his loan thread -
Lone Shark as you are banned you are now ban evading by creating this alt account. Do you have theymos' permission to post again?
Just because you gave people notice that you will change the terms of their agreements with you doesn't make those changes valid. Who the fuk do you think you are.
BTC did not split, there is now just an altcoin. There are hundreds of altcoins from the BTC protocol. You have no rights to any of them from your customers. Not a single extra Satoshi and defintely no rights to BCH, unless you specified that in your original agreement. Which you did not.
People, don't let these lenders getaway with such bullshit. They lent you BTC and that is all you should repay them as agreed originally.
You cheeky bastard. Take your massive high interest and good riddance to trash like you.
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