Topic: [Need] 3 BTC loan (Read 4193 times)

I gave him 70 domain names and we agreed about that as a collateral.
Even the loan was downed to 2.2625BTC and the domain names with near to expire were replaced to some by his choice, it was not good enough for him.

So, calling me a scammer and -trust(ing) me, well, I think it is not fair.

From what I read from this thread, the collateral should be at least 30% more than the loan volume and should be able to sold quickly to get the money back with little effort.

This deal seems like the borrower sells the domain to the creditor.

More than 3 weeks have passed and I haven't been able to get my money back from the collateral. OP hasn't even tried to contact me or helped me sell the domains in any way even though he's been online several times during that period. Therefore my negative feedback stays, I consider OP very untrustworthy.

If you cannot quickly sell the collateral for an amount that is equal to or greater then the amount of the loan (even if this is because you have not been able to invest a lot of time into the sale) then a negative rating would be appropriate, IMO.

I think it should be a good idea for the question of ownership of excess funds from the sale of collateral, and liability of any shortfall of liquidation value to be addressed in at least discussions between the lender and borrower (if not specified in the loan agreement), so both parties are on the same page when situations like this occur. This is especially the case with illiquid collateral and is especially the case with larger amounts of money.

I left the OP negative trust

A quick sell for more than the loan plus interest is not the case, without any doubts. Until now I've been able to sell only one domain through namecheap's marketplace and I've had no luck here (https://bitcointalksearch.org/topic/closed-64-domains-from-19-each-bulk-discounts-1189756).
TBH I haven't been able to spend too much time on that sale as I've been very busy but it's definitely not an easy task. I hope I will get at least my money back but I'm sure it won't be fast and it may never happen.

If I get my money back plus interests in less than 2 weeks from now I'll make my feedback neutral. OP can help me sell the domains if he's interested at all.

I am not sure if a negative rating is appropriate here. If EcuaMobi can sell off the domains at somewhat firesale/quicksale prices for an amount that repays principle + agreed upon interest + some amount for his time (that he spends selling the domains) + ~5% (for a late fee/penalty) then I don't think he can really say that he was really harmed, and I don't really think a negative rating is appropriate. An exception to this might be if EcuaMobi needed to give up and/or delay some work because he was spending time selling off the domains (this is a possibility because his Personal Text has said that he is not accepting new work for some time now - or it was saying that in the past).

If however he is not able to *quickly* sell off the domains for the above amount of money, then yes a negative rating is defiantly appropriate. This would even be the case if EcuaMobi needed to wait a medium amount of time to sell off the domains.

If EcuaMobi can quickly sell off the domains at prices described above, then maybe a neutral rating would be more appropriate to warn others about the lack of communication.

He agreed to repay the loan, the deal was to have my money back plus interests. That wasn't fulfilled despite my offer to extend the time. As a result I find OP is untrustworthy, which is reflected with the negative feedback.

I really don't know why he left the negative trust too. I don't see how he can consider me untrustworthy as I've been open to make a deal and still am. Unfortunately OP has been ignoring my PMs.

Why just you two guys do not settle down a bit?
You took a collateral, as he did not repaid so why are you both so negative with reputation?

I mean if you give a loan, you take collateral if loan not retuend. No need for any other glamour flames.

The loan has been defaulted. I've offered OP more time and new conditions to repay but he refused. I insisted and he just stop replying so I'm giving up.
I'm taking the collateral and I wouldn't recommend dealing with him.

Confirming that all 8 domains are back to my account.

Thanks again and see you soon, hope before the deadline.

Thanks. These 8 domains have been pushed to your account: mosthated.org, findgirls.org, coinhost.org, microbill.org, btcwings.com, bet.pink, btcdating.com, microcasino.org

Yes, my Namecheap Username is ubercoin.

I confirm this is correct and that I've received all 3 domains: btcbet.pw and primefaucet.com (as a sale for 0.4 BTC) and btchost.org (as collateral)
The pending repayment for this loan is: 2.2625 BTC.

liteon please confirm your namecheap information to push back the 8 expiring domains.

Today we agreed to replace 8 expiring domain names with this one: btchost.org

And we agreed to -0.4BTC to loan for those 2 domains: primefaucet.com + btcbet.pw.
So the loan pay (final amount) will be reduced for 0.4BTC in total.

I pushed domains to EcuaMobi and waiting for him to confirm all this.

Will keep this topic locked until loan returned.
Deadline is 2015-08-25 for 0.35BTC and 2015-September-12 for 2.3625BTC, as stated in previous posts in topic.

I am confirming that funds received.
I also agree with this message posted by EcuaMobi.
AND, I marked domains in my sale topic here: https://bitcointalksearch.org/topic/hot-domain-names-blowout-sale-130-domain-names-1123014
so no any confustion to be made.

Thanks for the loan and I hope I will return all before the deadline or at least a day before it.

Cheers!

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

I've sent 2.5 BTC to the address 1CT8J2cV1qyMc6oUUb3X5A5fo4yFa8YBZf as a loan to liteon. TXID: 75d51eb46baf336fe242e9bc71c8b7144bf639f3f4aa27b291ebe9ccecc36644

I confirm I'm holding the following domains as collateral: adbit.pw, autobuy.link, bet.pink, bitcoinads.xyz, bitcoinchat.xyz, bitcoinclub.xyz, bitcoindice.xyz, bitcoindomains.xyz, bitcoinhost.biz, bitcoinhost.xyz, bitcoinlinks.xyz, bitcoinmail.xyz, btmusic.org, bitcoins.pink, bitcoinstore.link, bitcoinstore.xyz, btcdating.com, btcdice.xyz, btchost.pw, btchost.xyz, btcpoker.link, btcpoker.xyz, btcstore.xyz, btcvpn.xyz, btcwallet.link, btcwings.com, buyhits.xyz, coin.hiphop, coinescrow.biz, coinfaucet.org, coinhost.co, coinhost.org, crackers.pw, cryptobit.xyz, cryptoblog.xyz, cryptochain.link, cryptomarket.xyz, cryptostore.xyz, cryptolinks.xyz, cybersex.link, deuce.ninja, digitalservers.xyz, digitalshop.xyz, epixel.biz, exploits.link, fabgirl.net, fastbit.link, findgirls.org, freefonts.link, gateone.biz, giga.website, gsi.pw, hacking.xyz, hostingbabe.com, infodesk.pw, infotop.in, ipsf.biz, microbill.org, microcasino.org, mosthated.org, namecoin.link, nmc.link, neas.biz, netcams.co, primecrypto.link, primehost.xyz, primepoker.xyz, steams.xyz, whoisguard.xyz, worldsat.tv

Please pay back 0.35 BTC by 2015-08-25. After that I will push back the following domains: mosthated.org, findgirls.org, coinhost.org, microbill.org, btcwings.com, bet.pink, btcdating.com, microcasino.org.
Please pay back 2.3625 BTC more by 2015-09-12. After that I will push the remaining domains to your account.

If you fail to make a payment I will own the corresponding domains. If you default the first payment and the 8 domains expire while I hold them I won't be responsible for them and you will still own the full 2.6625 BTC.

My address is 13CpZXtPqSEVZQH2UjsbsyiJgUMw2PiAfT. Any TX sent there will be considered as a payment made by liteon to me.

Thanks,
EcuaMobi
2015-07-29

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Yes, I can and will repay 0.35BTC by 25 August (current year 2015), so I can get that domains back to renew.

My BTC wallet is: 1CT8J2cV1qyMc6oUUb3X5A5fo4yFa8YBZf

Will repay the loan from the same wallet.

I confirm I received the domains. I just noticed 8 domains expire before 12 September. Can you repay BTC0.35 by 25 August and I'll push those 8 domains back by then?
If so please post your address to send the loan. Otherwise I'd like to push back those 8 domains and get others in replace.

All 70 domains listed have been pushed to "ecuamobi" Namecheap account.

Please confirm.

I agree with terms up. Will start pushing domain names in a minute and will let you know when finished.

As agreed I will provide this loan with the following domains as collateral:

Conditions are:

• Amount: BTC2.5
• Interest: 6.5% = BTC0.1625
• Period: 45 days

BTC2.6625 repayment by 12 September 2015.

Please push the domains to my Namecheap account 'ecuamobi', no authorization code is required. Or contact a very trusted escrow to hold the domains, you'd pay his fee.

OK, I got 0.5BTC by selling some things, but now I need 2.5BTC.

I can offer 70 domain names as a guarantee.

Holder of domains will have them on his account and in case I don't return loan in 45 days, he can do whatever he wants with them.

I've been talking with EcuaMobi about it, so will wait for him to respond here and to start the process.

Yes, but only problem is 30-45 days, as I am not sure that I can return the loan in that period.
For 3 months I am sure that I will be able to repay the full amount.
I don't want to say something that I cannot do, so that's why I need more time, so I can be sure that I can.

Anyway, if I don't find the 3 months loan, will try to reduce it to less amount that I can repay in 45 days and will contact you.

Cheers!

I can't give an opinion on Steam accounts as I don't have experience on that but 70 of your listed domains should be enough to cover the loan plus collateral. Personally the problem I see here is the long term of the loan. 3 months is a long time and some problems could arise. For example if BTC price goes up then the loan could become more than the collateral, also should the collateral need to be sold then the renew date would be too close for several domains after 3 months plus some grace period (if it's asked). There wouldn't be too much time to sell it and renewing 70 domains would be way too much.

I could give this loan if it's possible for you to take it for considerably less time. For example if 30 or 45 days would help you for about 0.15 or 0.2 BTC interest. We can discuss the exact interest and domains in that case.

1. All Steam accounts are in my property mostly 11-12 years. All good accounts, and I even have more. Do you know the value of 5 digit accounts? As I have more then listed on sale.
There are also newly created accounts where I have included only new games by code redemption. And I guarantee that I am the only owner and that they will be safe while are "in your hands" (by time that loan not returned in full).
2. I also offered domain names in addition to increase value of collateral. I am currently selling more then 130 domain names. And I am ready to give about 70 to cover the loan.
3. I would not involve my forum account if not realy needed. I'd rather take a smaller loan, but as I mentioned in 1. and 2. = I have more then 150% to cover the loan value.

My point of loan taking is not to take and spend on whatever. I need it to finish my project and I hope to return it in even less then 3 month, but I have to give myself a space just in case to try to gain that funds in other ways if my project does not success in 100%. Anyway, loan will be paid back in 3 month guaranteed.

Thanks for reading.


No, as it's too much.
And I might return even before the deadline.

Please don't post "just to make some post".

Thanks.

10% for 3 month loan
If you increase 20% for 3 month may be more people interesting

Firstly the interest rate is low (not a big problem). Secondly the collateral is worth close to nothing if we follow the guidelines that are in this very section.
Steam accounts can be recovered via social engineering and the help of the support staff, so I would invalidate this collateral. You forum account could be valued at around 0.3-0.4 BTC at most.

Collateral value should be around 150% of the loan.

You missed 2 things.
1. This account - it's worth something - rite?
2. Need more collateral?
I can give some domain names too (check my signature for domain names sale topic).

^^ I wrote that as I am aware that some people would ask for more.

AND, about that "Plus you are actively trying to sell all of the collateral you are offering" - yes, but it's still unsold and when I find someone for load, topic goes to lock and accounts are going to him, to hold and manage them (changing password, email and security question on every).

Cheers!

The total value of the "collateral" is significantly below the amount of your loan. Plus you are actively trying to sell all of the collateral you are offering.

Your asking price for the steam accounts is "only" 1.685BTC, however even that is probably overpriced.

Any collateral that you provide must be secured by the lender (or escrow) before the loan is funded

Amount: 3BTC (flat)
Date of repayment to be made: 3 months (from date I receive funds)

Repayment Amount: 3.3BTC

Loan needed for private invest.

Collateral(s):
- 18 Steam accounts (can be seen here)
- This account (will be given only if I don't repay full amount)

Prefer to deal with 1 lender.

Escrow is OK too.

Need more collateral?
I can give some domain names too (check my signature for domain names sale topic).