Author

Topic: Need 70K USD loan with BTC Collateral (Read 1038 times)

sr. member
Activity: 840
Merit: 375
July 22, 2017, 07:52:18 PM
#7
Be aware from this.Do not trust the user unless he accepts to sign in a message.Why?Because anyone can fake his wallet.Proof?I can also act I have 100000 btc on my wallet while I am not.
full member
Activity: 169
Merit: 100
King of Cryptos
July 18, 2017, 12:07:21 PM
#6
Interested in giving OP the loan, but how do I go about the escrow part of this? Is there a real life escrow we could have hold the BTC or who is supposed to hold the BTC in the meantime?

EDIT: Please PM me or contact me directly if you're an expert at how to go abouts the safety of providing a loan.
sr. member
Activity: 1330
Merit: 307
July 13, 2017, 12:56:16 PM
#5
I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc


 If you are interested, please PM me.

Roughly Right

I will hold onto your collateral for a 1% fee.  Then the borrowers can be assured you will not run off with the loan.

This will be a hard loan to fill with the price of BTC dropping.  :/

Remember, in his previous request he wanted to do a multisig (though no real person would agree to that term), but yes btc has been dropping so he would have to more more than $100k worth of bitcoin to insure that lender is protected so they wont be at a loss.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
July 13, 2017, 12:18:30 PM
#4
I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc


 If you are interested, please PM me.

Roughly Right

I will hold onto your collateral for a 1% fee.  Then the borrowers can be assured you will not run off with the loan.

This will be a hard loan to fill with the price of BTC dropping.  :/
legendary
Activity: 2464
Merit: 3158
sr. member
Activity: 1330
Merit: 307
July 12, 2017, 10:42:43 PM
#2
I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc


 If you are interested, please PM me.

Roughly Right

Coinbase allows me to sign messages just fine, even if the public key changes, you can go into your history, select detail, click sign a message, and sign a message with that address, and if you cannot prove with a sign message you do not have $100k worth of btc until otherwise proven, and no sane person would hold that much coins in a online exchange either.

You better off locking this thread before you get a negative trust because no one is going to believe you, and screenshots can be altered as well
newbie
Activity: 8
Merit: 0
July 12, 2017, 08:21:51 PM
#1
I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc


 If you are interested, please PM me.

Roughly Right
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