I'm looking for a 0.2 BTC loan and will have 3 of my spare VPSs as a collateral. Those VPSs are from HPCloud. You can choose what OS you want but no bitcoin/litecoin mining.
Here is the specifications of the VPS:
VCPUs 2
Root Disk 30 GB
Ephemeral Disk 50 GB
Total Disk 80 GB
RAM 4,096 MB
I'm looking to return the loan in 3 days. I will use the money primarily for doing some exchanges.
Here is the specifications of the VPS:
VCPUs 2
Root Disk 30 GB
Ephemeral Disk 50 GB
Total Disk 80 GB
RAM 4,096 MB
I'm looking to return the loan in 3 days. I will use the money primarily for doing some exchanges.
You know that "collateral" is something you *own*, right?
How is someone going to sell a rented VPS if you default?
Collateral is something a lender can hold onto and (and this is the important part) easily sell so they can make their money back if you default.
i.e. Physical items, commodities, etc.