Topic: [REQUEST] Funding for BitVPS.COM (Read 2227 times)

In regards to GLBSE, I disagree with their fee schedule and thus will not be using said service.

Thanks for all the interest. I really do appreciate you all taking the time to view this and post.

However, we've went ahead with a more proper investment.

Admin, please feel free to lock this thread if you feel so inclined.

This thread is closed.

Have you thought about selling shares on GLBSE? Instead of paying back a loan you could just pay dividends. I'd buy shares.

don't give up!

Well, everything has fallen through now with every lender.

I suppose its just not our time.

Thanks to everyone for adding input and trying to help. We appreciate it very much.

James

Dr Pumpkin makes a(several) good point(s).


The terms of the loan are this:
Loaner sends $2100 to us via BTC or PayPal
Loan paid back over 6 months.
First payment would be $500, which is first months payment + half fee ($300 total to you for lending).
Second month - $350
Third month - $350
Fourth month - $350
 
You get the idea.

As far late payment penalty, I would be open to that. Anyone interested can contact me and we'll work out a rate that works for both of us.

I reserve the right to pay early at any time and end our transaction. At the end of payment the other $150 will be paid. These are subject to change. If you wanted the $300 upfront, that'd be OK.

I think it might help your cause if you discussed the terms of the loan/bond up front. You mention in the original post that you didn't want to speak about it publicly, but I don't really see what there is to lose by putting your terms out there.

Would you like the loan to be declining principal (i.e., the lender sends you the money up front, and then you pay it off once/twice a month, like a mortgage) or a lump sum at the end? Or would it behave a bit like coupons on a bond, where the original principal is paid at the end, but the lender receives periodic payments of the interest amount along the way?

What about late payments? Would you agree to a penalty for those?

I think people are a lot more cautious about lending out USD than they are about BTC, because they need up-front real-world cash to finance you, and many people might be bitcoin-rich but not have many liquid assets outside of bitcoin. People might be reluctant to sell coins to finance a USD loan, especially if they feel bullish about the market (either short-term or long-term)

I know that if I were lending, I'd want to know the answers to the questions above, but wouldn't necessarily want to write a long blurb to you in private asking for details, as that requires a bit more commitment than many people want to put forward.

As far as I'm concerned, I think this is a pretty good deal. It not only has low counterparty risk, due to you being reputable and solvent, but also has none of the currency risk we usually associate with loans in this community (assuming that most people want USD in the end), and it has pretty good returns for a loan with this profile, in real-world terms. If people are still worried about risk, people can hedge their exposure to you (at the cost of adding exposure to me) by using me as a guarantor and giving me some of the risk/profits.

That said, $2000 is still a reasonable amount of "real hard cash" that people might be wary of sending to a stranger on the internet.

Bump. I also thought I'd throw in that anyone who fulfills this order will get a free VPS for life :-D

seconded

Witnessed.

We should also flesh out penalties for late payments and such.

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

I'm willing to co-sign/be guarantor to half of this debt for 10% of the amount I'd be liable for. For example, if I were liable to cover $1150 of the total (including interest for the lender), I'd want $115 for the risk I'm assuming on the lender's behalf.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG/MacGPG2 v2.0.17 (Darwin)
Comment: GPGTools - http://gpgtools.org
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=uKT/
-----END PGP SIGNATURE-----

http://bitcoin-otc.com/viewratingdetail.php?nick=copumpkin

Just a +1.

I can vouch for both rg and grubles, I trust them both and have done trades with them in #bitcoin-otc.

They have never even thought about scamming anyone, and I think that they would be great to send a loan to!

Also, they are a company; if they don't pay back the loan, you can sue them for the money (not suggesting that, but a good safety precaution).

I am danieldaniel in #bitcoin-otc (http://bitcoin-otc.com/viewratingdetail.php?nick=danieldaniel).



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

Just a +1.

I can vouch for both rg and grubles, I trust them both and have done trades with them in #bitcoin-otc.

They have never even thought about scamming anyone, and I think that they would be great to send a loan to!

Also, they are a company; if they don't pay back the loan, you can sue them for the money (not suggesting that, but a good safety precaution).

I am danieldaniel in #bitcoin-otc (http://bitcoin-otc.com/viewratingdetail.php?nick=danieldaniel).

-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (Darwin)

iQIcBAEBAgAGBQJPSaUCAAoJEMXSHpvcrjWUfDcQANb0rBX1pJblltIxaZRrKf8U
+Bcd/ZUKMXSSlA0YuBR1JZgmNwk17xmyIj0XSLsynKFsXgksDkTanADV2v+tGgHE
wQxSDaPjtUUGI5pQ6QXf5/mNrzEE66kBoVW1wCSexLkrJi2b8l6iQ1M1w8mu9tCK
pr0YtEUgsFReglog9mWENa2D5kHvwzWqr3HRvTENLjp+RXvMT67UQkLlj+oQ+p68
1CVgU7w/8CYvmOja/Lb6AyxmuSSS6JI1ikNbwN1AqN//dUyNdaZP5ayD75gacdZb
lzQA42oLWEHflooLXq4YttT4csWyGqtA4SKrTHna/pZPul+mewqIFkx3z/vsWMfQ
vg8L5H48nVji5U9bhuIaUNAFenwNp7shUZzcxLIEulY0PV4vNerxY53FTH/YkjxE
chEd3dbXAAZuYdxQK98gyWkav5wz0bJ4itzRTnyrGayEsJt6XSZC/T+QzpwmTd5z
KzWn6vw9pLDR+M4eP3JpiS8phE7/KaAhe5IAKLXiRwuUiu3BxVRr1WJB0YSkcD25
qmfz3Xlu36nNBwM3nzJ9jUeHwvz+JyRD+GhW7c9ZcJRWEA45m92K4+tlu+gvLhlK
JScx+PpG7wsRQrBPzEBFxMrcHXXJOk2hnnwqjmWkJQd/s1wOd5q3ztdB/O/2Nts/
X3qXP47XmDFS2eFEbL8A
=JqdT
-----END PGP SIGNATURE-----

You got it!

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

Hi boys,

BitVPS (BitVPS.COM) is currently seeking a $2100 loan to buy:

2 x 1u Intel Dual Quad cores
2 x HP Raid cards
2 x Set of rails for the servers

We've been in business a few months now and are looking to cut costs by switching to co location instead of renting hardware from our hosts. We are profitable and operate with 0 debt. We can get into company financials for *serious* and interested lenders.

The company is owned and operated by 'rg' and 'grubles'.

Feedback & ratings:
http://bitcoin-otc.com/viewratingdetail.php?nick=grubles
http://bitcoin-otc.com/viewratingdetail.php?nick=rg

Terms of the loan are available by message or email. I prefer not to discuss it out in the open. But basically, it will work out to you making $300 for lending us the money for 6 months.

You can contact me here or at [email protected]

Thanks for looking!

-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.10 (GNU/Linux)
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=UulV
-----END PGP SIGNATURE-----

If you're going to claim that, at least get those two people to sign this message with their key.

So that works out to 14.3% interest over 6 months?

Hi boys,

BitVPS (BitVPS.COM) is currently seeking a $2100 loan to buy:

2 x 1u Intel Dual Quad cores
2 x HP Raid cards
2 x Set of rails for the servers

We've been in business a few months now and are looking to cut costs by switching to co location instead of renting hardware from our hosts. We are profitable and operate with 0 debt. We can get into company financials for *serious* and interested lenders.

The company is owned and operated by 'rg' and 'grubles'.

Feedback & ratings:
http://bitcoin-otc.com/viewratingdetail.php?nick=grubles
http://bitcoin-otc.com/viewratingdetail.php?nick=rg

Terms of the loan are available by message or email. I prefer not to discuss it out in the open. But basically, it will work out to you making $300 for lending us the money for 6 months.

You can contact me here or at [email protected]

Thanks for looking!