searching for loans with low interest (searching for escrow)

leen93

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Merit: 250

Quote from: Quickseller on April 04, 2015, 11:17:28 AM

Quote from: leen93 on April 04, 2015, 11:10:23 AM

Quote from: Quickseller on April 04, 2015, 11:05:42 AM

I am going to pass on the OP's offer. While what the OP is offering does make sense and there is a good chance that the site he wants to invest in is trustworthy, I am not 100% sure it is a good idea to invest in the specific site's bankroll (maybe only 95% sure) and the interest rate is really not high enough to make it worth my while, especially considering my specific situation.

Ok, anyways thank you for pointing out that my offer is fine and can be interesting for someone else. I hope to find someone else soon.

The interest rate works out to roughly 3% per month, or 36% per year (minus escrow fees) and I am not sure that is high enough in the bitcoin world. It is not uncommon for someone to be willing to pay 10 to 20% for only ~a week loan secured by altcoin collateral, although they are generally not for as large of a loan as this one

yes, i guess you understand i cannot offer such intrest rates for an all time fully collateralized loan. It's impossible to get such returns in the long run. Even when i would be lucky.
I think 0,1% a day is 44% intrest a year and doesn't look bad.

But I'm willing to also give:
part of bankroll at a certain hour of the day (convenient to check by the escrow) * amount of btc wagered that day * 0.1% = amount of btc I will pay you for the interest

which should be more on average but which means that the intrest rate is different every day.

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: leen93 on April 04, 2015, 11:10:23 AM

Quote from: Quickseller on April 04, 2015, 11:05:42 AM

I am going to pass on the OP's offer. While what the OP is offering does make sense and there is a good chance that the site he wants to invest in is trustworthy, I am not 100% sure it is a good idea to invest in the specific site's bankroll (maybe only 95% sure) and the interest rate is really not high enough to make it worth my while, especially considering my specific situation.

Ok, anyways thank you for pointing out that my offer is fine and can be interesting for someone else. I hope to find someone else soon.

The interest rate works out to roughly 3% per month, or 36% per year (minus escrow fees) and I am not sure that is high enough in the bitcoin world. It is not uncommon for someone to be willing to pay 10 to 20% for only ~a week loan secured by altcoin collateral, although they are generally not for as large of a loan as this one

edit: I would be more with compound interest

leen93

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Activity: 616

Merit: 250

Quote from: Quickseller on April 04, 2015, 11:05:42 AM

I am going to pass on the OP's offer. While what the OP is offering does make sense and there is a good chance that the site he wants to invest in is trustworthy, I am not 100% sure it is a good idea to invest in the specific site's bankroll (maybe only 95% sure) and the interest rate is really not high enough to make it worth my while, especially considering my specific situation.

Ok, anyways thank you for pointing out that my offer is fine and can be interesting for someone else. I hope to find someone else soon.

Quickseller

copper member

Activity: 2996

Merit: 2374

I am going to pass on the OP's offer. While what the OP is offering does make sense and there is a good chance that the site he wants to invest in is trustworthy, I am not 100% sure it is a good idea to invest in the specific site's bankroll (maybe only 95% sure) and the interest rate is really not high enough to make it worth my while, especially considering my specific situation.

leen93

sr. member

Activity: 616

Merit: 250

Thank you for making it clear Quickseller and thank you for removing your negative feedback Ecuamobi. I hope to do a good deal with you!

leen93

sr. member

Activity: 616

Merit: 250

Quote from: Quickseller on April 04, 2015, 10:30:09 AM

Quote from: leen93 on April 04, 2015, 10:27:33 AM

Quote from: Quickseller on April 04, 2015, 10:25:40 AM

What gambling website are you wanting to invest in? Depending on the site I may be willing to help you?

I prefer to not make this public but we can arrange it with you and the escrow when you both agree. I'll pm you with the information.

Not wanting information to be public is generally a red flag however go ahead and PM me the information

i explained why and I hope you understand this reason too, but i don't think it's necessary to be public if only we 2 and the escrow (which should be really trustworthy since he will have a large amounts of our btc) know it it should be fine

EcuaMobi

legendary

Activity: 1876

Merit: 1475

OK I'm re-changing my feedback to neutral for the moment. Good luck with the deal.

leen93

sr. member

Activity: 616

Merit: 250

Quote from: Quickseller on April 04, 2015, 10:25:40 AM

What gambling website are you wanting to invest in? Depending on the site I may be willing to help you?

edit after:

What the OP is trying to do is borrow 5 BTC and give 6 BTC as collateral, but synthetically. The OP would send 1 BTC to the escrow and the lender would send 5 BTC to the escrow, so a total of 6 BTC would be held in escrow. The escrow would then invest in the bankroll of a gambling site with the 6 BTC he is holding. If the site has negative profits then there is an extra 1 BTC to protect the lender and the borrower would loose. If the site has profits above the amount of interest that is being paid then the borrower would benefit and the lender would get back his 5 BTC plus interest.

The major risk is that the gambling site is not trustworthy and runs away with the entire 6 BTC that the escrow is holding.

indeed, that's exactly how it would work, i pm'ed you the gambling website and i guess you will agree this is one of the largest and most trustworthy ones.

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: leen93 on April 04, 2015, 10:27:33 AM

Quote from: Quickseller on April 04, 2015, 10:25:40 AM

What gambling website are you wanting to invest in? Depending on the site I may be willing to help you?

I prefer to not make this public but we can arrange it with you and the escrow when you both agree. I'll pm you with the information.

Not wanting information to be public is generally a red flag however go ahead and PM me the information

leen93

sr. member

Activity: 616

Merit: 250

Quote from: Quickseller on April 04, 2015, 10:25:40 AM

What gambling website are you wanting to invest in? Depending on the site I may be willing to help you?

I prefer to not make this public but we can arrange it with you and the escrow when you both agree. I'll pm you with the information.

Quickseller

copper member

Activity: 2996

Merit: 2374

What gambling website are you wanting to invest in? Depending on the site I may be willing to help you?

edit after:

What the OP is trying to do is borrow 5 BTC and give 6 BTC as collateral, but synthetically. The OP would send 1 BTC to the escrow and the lender would send 5 BTC to the escrow, so a total of 6 BTC would be held in escrow. The escrow would then invest in the bankroll of a gambling site with the 6 BTC he is holding. If the site has negative profits then there is an extra 1 BTC to protect the lender and the borrower would loose. If the site has profits above the amount of interest that is being paid then the borrower would benefit and the lender would get back his 5 BTC plus interest.

The major risk is that the gambling site is not trustworthy and runs away with the entire 6 BTC that the escrow is holding.

EcuaMobi

legendary

Activity: 1876

Merit: 1475

Quote from: leen93 on April 04, 2015, 10:08:58 AM

Quote from: EcuaMobi on April 04, 2015, 10:06:24 AM

Quote from: leen93 on April 04, 2015, 10:01:36 AM

the escrow would do the investment in the dicewebsite, so collateral will be 6 btc in the dice website from the beginning where only the escrow has access too. please read carefully what i mean
i will not get any btc myself before the loan ends (unless high profits are made during the agreement), if losses occur i increase the collateral.
and he gets out when profit goes down 0.5 btc, then he still owes 5.5 btc which is more than the 5 + small interest i have to pay back
that's why i am saying he gets out soon, but in normal cases this will not happen since i will increase collateral more often when small losses occur

So you would be asking the escrow to gamble lender's money? Of course nobody trusted will be willing to do this.
In the hypothetical case he does, I insist in my third question: what happens if you dissappear when the escrow asks you for more collateral?

then he gives 5.5 btc to the lender and the lender has a profit of 10%
far more than the interest i earned

and not gamble but invest in a dice website, so take a part of the profit of the website which is on average and in the long run positive. in the short run losses might occur of a few % that's why i provide the collateral.
can someone else who understands what i mean explain it to Ecuamobi, he seems to not understand it but i cannot explain it better :/

Please remove the trust given due to misinterpretation since the collateral stays above 100% in this case and think about it further if you want

Of course if a very trusted member with experience on this explains better and confirms your loan request is 100% safe I will remove my negative feedback and apologize.
However please note my feedback is not for this request only but for previous suspicious behavior you've had several times, as mentioned in the reference I linked.

leen93

sr. member

Activity: 616

Merit: 250

Quote from: EcuaMobi on April 04, 2015, 10:06:24 AM

Quote from: leen93 on April 04, 2015, 10:01:36 AM

the escrow would do the investment in the dicewebsite, so collateral will be 6 btc in the dice website from the beginning where only the escrow has access too. please read carefully what i mean
i will not get any btc myself before the loan ends (unless high profits are made during the agreement), if losses occur i increase the collateral.
and he gets out when profit goes down 0.5 btc, then he still owes 5.5 btc which is more than the 5 + small interest i have to pay back
that's why i am saying he gets out soon, but in normal cases this will not happen since i will increase collateral more often when small losses occur

So you would be asking the escrow to gamble lender's money? Of course nobody trusted will be willing to do this.
In the hypothetical case he does, I insist in my third question: what happens if you dissappear when the escrow asks you for more collateral?

then he gives 5.5 btc to the lender and the lender has a profit of 10%
far more than the interest i earned

and not gamble but invest in a dice website, so take a part of the profit of the website which is on average and in the long run positive. in the short run losses might occur of a few % that's why i provide the collateral.
can someone else who understands what i mean explain it to Ecuamobi, he seems to not understand it but i cannot explain it better :/

Please remove the trust given due to misinterpretation since the collateral stays above 100% in this case and think about it further if you want

EcuaMobi

legendary

Activity: 1876

Merit: 1475

Quote from: leen93 on April 04, 2015, 10:01:36 AM

the escrow would do the investment in the dicewebsite, so collateral will be 6 btc in the dice website from the beginning where only the escrow has access too. please read carefully what i mean
i will not get any btc myself before the loan ends (unless high profits are made during the agreement), if losses occur i increase the collateral.
and he gets out when profit goes down 0.5 btc, then he still owes 5.5 btc which is more than the 5 + small interest i have to pay back
that's why i am saying he gets out soon, but in normal cases this will not happen since i will increase collateral more often when small losses occur

So you would be asking the escrow to gamble lender's money? Of course nobody trusted will be willing to do this.
In the hypothetical case he does, I insist in my third question: what happens if you dissappear when the escrow asks you for more collateral?

leen93

sr. member

Activity: 616

Merit: 250

Quote from: EcuaMobi on April 04, 2015, 09:55:04 AM

Quote from: leen93 on April 04, 2015, 09:31:56 AM

how does it actually work with the forum account? if i can keep access to it it's fine for me.

No of course you can't have access to it. Otherwise you could change the email and password at any time and it wouldn't guarantee anything at all for the lender. Are you seriously asking this?

Quote from: leen93 on April 04, 2015, 09:45:41 AM

I came up with another idea

you invest 5 BTC in a gambling website (through an escrow)
i give you 0.1% daily (no matter what)
and the profit/loss from the gambling website is mine
and i provide 1 BTC collateral to the escrow (and when losses occur I provide more collateral, when profit comes some part is divested and put to my account)
(e.g. when big losses of e.g. 0.5 btc occurs escrow immediately gets out and asks me for more collateral)

Some questions and comments about this:
- How would an escrow guarantee 100% the lender his money? The only way he could this is if he keeps the money, however it wouldn't make sense for you. If the escrow just receives the money and forwards it to you then it's absolutely useless. His only purpose would be for you to be able to say "this deal uses escrow".
- You want to provide a 1BTC collateral for a 5BTC loan? Of course that's not enough, you need to cover about 120% of the loan. You do realize that's the same as asking for a 4-BTC no-collateral loan, right? Are you just playing fool?
- What happens if you just dissappear when the escrow "immediately gets out and asks for more collateral"? How would the lender secure his money?

If you need a loan then read the rules and offer a valid collateral.

the escrow would do the investment in the dicewebsite, so collateral will be 6 btc in the dice website from the beginning where only the escrow has access too. please read carefully what i mean
i will not get any btc myself before the loan ends (unless high profits are made during the agreement), if losses occur i increase the collateral.
and he gets out when profit goes down 0.5 btc, then he still owes 5.5 btc which is more than the 5 + small interest i have to pay back
that's why i am saying he gets out soon, but in normal cases this will not happen since i will increase collateral more often when small losses occur

COLLATERAL STAYS ABOVE 100% ALL THE TIME !!!!!!
escrow keeps all the funds, i don't get any satoshi before the loan ends. There is no risk at all
my 1 btc collateral is for covering potential losses in the investment but not for the 5 btc since i don't have them myself and there is no risk in that for the lender

EcuaMobi

legendary

Activity: 1876

Merit: 1475

Quote from: leen93 on April 04, 2015, 09:31:56 AM

how does it actually work with the forum account? if i can keep access to it it's fine for me.

No of course you can't have access to it. Otherwise you could change the email and password at any time and it wouldn't guarantee anything at all for the lender. Are you seriously asking this?

Quote from: leen93 on April 04, 2015, 09:45:41 AM

I came up with another idea

you invest 5 BTC in a gambling website (through an escrow)
i give you 0.1% daily (no matter what)
and the profit/loss from the gambling website is mine
and i provide 1 BTC collateral to the escrow (and when losses occur I provide more collateral, when profit comes some part is divested and put to my account)
(e.g. when big losses of e.g. 0.5 btc occurs escrow immediately gets out and asks me for more collateral)

Some questions and comments about this:
- How would an escrow guarantee 100% the lender his money? The only way he could this is if he keeps the money, however it wouldn't make sense for you. If the escrow just receives the money and forwards it to you then it's absolutely useless. His only purpose would be for you to be able to say "this deal uses escrow".
- You want to provide a 1BTC collateral for a 5BTC loan? Of course that's not enough, you need to cover about 120% of the loan. You do realize that's the same as asking for a 4-BTC no-collateral loan, right? Are you just playing fool?
- What happens if you just dissappear when the escrow "immediately gets out and asks for more collateral"? How would the lender secure his money?

If you need a loan then read the rules and offer a valid collateral.

leen93

sr. member

Activity: 616

Merit: 250

I came up with another idea

you invest 5 BTC in a gambling website (through an escrow)
i give you 0.1% daily (no matter what)
and the profit/loss from the gambling website is mine
and i provide 1 BTC collateral to the escrow (and when losses occur I provide more collateral, when profit comes some part is divested and put to my account)
(e.g. when big losses of e.g. 0.5 btc occurs escrow immediately gets out and asks me for more collateral)

leen93

sr. member

Activity: 616

Merit: 250

Quote from: redsn0w on April 04, 2015, 08:47:02 AM

Quote from: leen93 on April 04, 2015, 04:33:57 AM

low amounts without collateral are also fine!

I can give you 0.05 btc if you want, and the collateral will be your forum account. Let me know if you agree or not, thanks for the attention.

how does it actually work with the forum account? if i can keep access to it it's fine for me.
i sent you a message

redsn0w

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#Free market

Quote from: leen93 on April 04, 2015, 04:33:57 AM

low amounts without collateral are also fine!

I can give you 0.05 btc if you want, and the collateral will be your forum account. Let me know if you agree or not, thanks for the attention.

leen93

sr. member

Activity: 616

Merit: 250

low amounts without collateral are also fine!

leen93

sr. member

Activity: 616

Merit: 250

Quote from: waterpile on April 03, 2015, 06:52:57 PM

why are you asking for a loan while providing a currency exchanges?
https://bitcointalk.org/index.php?topic=1011507.new#new

because that's a separate thing, the money is for investing (and you would know it if you read the full topic), currency exchange is just another way i try to make some money

waterpile

hero member

Activity: 602

Merit: 500

why are you asking for a loan while providing a currency exchanges?
https://bitcointalk.org/index.php?topic=1011507.new#new

leen93

sr. member

Activity: 616

Merit: 250

Quote from: jorjito25 on April 03, 2015, 06:22:58 PM

Quote from: leen93 on April 03, 2015, 06:17:21 PM

Quote from: jorjito25 on April 03, 2015, 06:13:55 PM

I dont care about id.
With a valid collateral will be enough.
Valid collateral would be 130% value of the money that u borrow.

Ok that's fine!
And if it gets close to equality I'm willing to provide more collateral if you wouldn't want to continue the loan, so you shouldn't worry about it at all.
But then let's arrange an escrow!

Good! The only think that worried me is what happen if you try to get the transfer back by reporting something...
I think that the best way is if u make the transfer to an scrow first and then he transfer to me.
Or u make the transfer to my bitstamp account for example...

I'll not transfer 130% of the btc value to you if the escrow doesn't keep the funds but you (unless you send bitcoins to an escrow in exchange). I don't want to bear any risk you running away with my money too. Cancelling a SEPA transfer is impossible when the money is arrived but I can proof the escrow I own the bank account.
I don't understand why nobody is willing to trust someone. I'm providing a valid collateral of 130%. If you prefer a cash collateral you should search an escrow in the netherlands.

jorjito25

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Activity: 490

Merit: 500

Quote from: leen93 on April 03, 2015, 06:17:21 PM

Quote from: jorjito25 on April 03, 2015, 06:13:55 PM

I dont care about id.
With a valid collateral will be enough.
Valid collateral would be 130% value of the money that u borrow.

Ok that's fine!
And if it gets close to equality I'm willing to provide more collateral if you wouldn't want to continue the loan, so you shouldn't worry about it at all.
But then let's arrange an escrow!

Good! The only think that worried me is what happen if you try to get the transfer back by reporting something...
I think that the best way is if u make the transfer to an scrow first and then he transfer to me.
Or u make the transfer to my bitstamp account for example...

leen93

sr. member

Activity: 616

Merit: 250

Quote from: jorjito25 on April 03, 2015, 06:13:55 PM

I dont care about id.
With a valid collateral will be enough.
Valid collateral would be 130% value of the money that u borrow.

Ok that's fine!
And if it gets close to equality I'm willing to provide more collateral if you wouldn't want to continue the loan, so you shouldn't worry about it at all.
But then let's arrange an escrow!

jorjito25

hero member

Activity: 490

Merit: 500

I dont care about id.
With a valid collateral will be enough.
Valid collateral would be 130% value of the money that u borrow.

leen93

sr. member

Activity: 616

Merit: 250

Quote from: jorjito25 on April 03, 2015, 06:06:55 PM

Quote from: leen93 on April 03, 2015, 05:59:24 PM

Quote from: redsn0w on April 03, 2015, 05:52:08 PM

Quote from: leen93 on April 03, 2015, 05:45:44 PM

Quote from: jorjito25 on April 03, 2015, 05:38:51 PM

Quote from: leen93 on April 03, 2015, 05:34:52 PM

Quote from: jorjito25 on April 03, 2015, 05:32:53 PM

Quote from: redsn0w on April 03, 2015, 05:29:27 PM

Quote from: leen93 on April 03, 2015, 05:27:30 PM

I'm searching for loans with low interest.
Any amount from 0.1 mBTC to 5 BTC is welcome
interest : 0.10% / day (0.1 mBTC - 1 BTC)
0.15% / day (1.0 BTC - 5.0 BTC)

loans taken

min. duration: 1/2 day
max. duration: 1 month

Can you provide some valid collateral ? Like your forum account?

With his account he wont get more than 0.04 loan...
So o dont know how he is asking for that kind of amount.

That's still 400 times the min. amount of loan i take... But can I keep access to my account in that case?

No, if u provide ur account as collateral then u could not acces to it until u repay the full loan.

Then I'm not interested. Unless it will be for a larger amount than 0.04 BTC but I don't think that's applicable. I prefer no collateral for small loans and a SEPA transfer collateral for larger amounts

Wait, if you have money .. why don't you buy some bitcoin? Register on kraken.com make a FIAT deposit (euros) and after buy some btc. It is really insane give euros as collateral for bitcoin...

Since I want to keep some fiat as safety, in case bitcoin would drop further. I don't want to buy bitcoins, just lend them. And i give back the amount of bitcoins + interest, regardless of the bitcoinprice, the loan is in btc. But for small amounts I'm also interested in buying bitcoins without a fee

So... If bitcoin goes down you repay ur loan and get ur collateral back and if goes up u keep the coins and default ur loan?
Please explain to us why do u need the coins for?

to invest them in a dice website (i am invested for a large amount in different dice websites) so no risk i wouldnt be able to pay you back at any time. I always hav access to btc.
if you want i can provide over 100% collateral if you really don't trust me so you don't have risk me running away (to make sure collateral stays at least the amount borrowed). But you'll have my identity anyway since I'll transfer money with the bank.

I repay the loan always!

He asked why I just don't use all my money to buy btc. and that's because i don't want to be bankrupt when bitcoin suddenly goes to 0. The risk (and possible profits) of the bitcoinprice is still beared by the lender.
If i borrow 0.1 btc and you want your bitcoins back the next day you get back 0.1001 btc.

But I only pay you back when I have my money back. So better to use an escrow I guess?