Topic: Taking loans -- 100% collateral in BTC -- Escrow Accepted - page 2. (Read 1695 times)

This is blatant trust buying. Brace yourself for some negative feedback coming your way.

Why are you taking the loan if you have BTC collateral?

Your choice, but a fiat denominated loan would be collateralized with 100% of the initial loan amount in BTC.

Are you wanting to do a loan in terms of fiat or in terms of Bitcoin

Hello!

I am willing to take your loan, with 100% collateral in pure BTC. If you want to use escrow it must be at your expense, otherwise you can hold the BTC yourself (lender's privilege).

The conditions of the loan are simple. First we will come to an agreement over the terms of your loan to me. Then we will set a date for full repayment plus interest. Once the interest is paid to you at the end of the loan period (within 48 hrs), please leave positive feedback (with a reference) as a courtesy to me.

Feel free to propose any terms, interest rate and repayment period you like. I can't promise I will take every loan I am offered, obviously this is a buyer's market so to speak, and I will be deal hunting. I will review any and all fair offers. I prefer to discuss the terms in PM and then you can post a statement for the loan which we can use as a reference for establishing trust feedback.

Merry Christmas!

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Denied Loan Offers:
1. Quickseller (asked for 120% collateral and 5% 3% interest per week - denied on the grounds of excessive interest over 1,000% 400% per year).
I liked how Quickseller was willing to take NXT or LTC as collateral, and use John K. as an escrow. I didn't like how he wanted a super-secured loan (120% collateral) and then 5% on top. If the loan carries next to no risk for the issuer I can't understand why such a high interest rate would be attached to the loan.