I can bear the shipping costs, that’s not a problem. I do have 1.4 BTC coming, so I could use the 0.2 BTC to pay for shipping. I have fragments of the password, likely more than half and the only numbers that would’ve been used (in a specific location), but that likely won’t be believed. That’s not a big deal.
I get BTC Friday. So, I’m not going to cry if I don’t get a loan; and if I don’t get one by Wednesday, I’m just going to wait for the BTC on Friday. It’s not worth the 0.2 BTC if I can’t get one sooner (since that is the point, after all. Convenience costs. Haha).
But yes, I understand how cruel people can be and how untrusting everyone is because of it. I’m not saying I won’t do collateral. I’m also not saying I wouldn’t do a middle man type thing too (I’m also selling a white cellular 128 GB iPad 4, and could send that as payment for the Bitcoin, instead of a lend… or I could send money via BECu transfer to pay for them directly).’
Thank you for your input. It’s appreciated.
Well you want to think of it this way. If you want to get the loan by Wednesday then you would need to send whatever collateral you are sending via 2nd day mail at the very least. Assuming what you can offer is very light and very small, the cost of shipping would be at least $5 each way, or ~2.2% of the loan (for a total of 4.4% both ways). You are already offering 20% interest which is very high, so the shipping will only make your loan that much more expensive. (for bigger/heavier items shipping will probably be closer to $20 each way).
In regards to your forgotten password, there are a couple of services on here that can help you crack your password in exchange for a small bounty when the password is cracked. I am not 100% sure on this but I think they are in either the Project dev or technical support sections. You would obviously need to give them as much information about your password as possible.
It really isn't that people are cruel it is that many people have tried to scam on here and as a result are not very trusting.
You might be able to borrow money with your fiat cash, as you could do a cash deposit into someone's bank account and then the lender could the same for you when you repay the loan