Ok, devthedev has the collateral in his possession. I've just sent the 1 Bitcoin:
https://blockchain.info/tx/b63a0a4459d776371868d05e1094854c11cfd0bccb3c3e58838eec73b638e9acLoan amount: 1 Bitcoin.
Loan Duration: 1 month (Payment due 22
nd of March, 2015
Interest: 10%, additional 5% after each week if late.
Collateral: GBattaglia account.
GBattaglia receiving address: 13i7exDUG7fUTnmv5Z2WyHKV24Eo97wwvg
Welsh's return address: 1Cqw4Zix3cRLGqQr5T1cCD5RzgUSCLYUnS
I don't believe there will be any problems, I wasn't interested in the account itself, but I wanted some sort of leverage. The account is probably worth a little more to him personally than any other person. At least that's the plan. Certainly more than 1 Bitcoin to him.
Confirmed. I have received the BTC and have cashed it out via Coinbase.
My account is worth more to me than its market value, primarily because it uses my real name. GBattaglia is my first initial and last name; Gabriel Battaglia.
I would not like to see the account compromised in anyway, be it trust, reputation, or integrity.
Thank you for the loan and I will keep you posted from this account since my normal account is locked down in escrow.