Topic: [WANT] 2 BTC [PUTTING UP] 3.25 BTC Collateral [PAY] $500 USD [TERM] 30 DAYS - page 3. (Read 1176 times)

Verge worked, you can send the rest. Chunk 1 of BTC sent (0.7 BTC): https://www.blocktrail.com/BTC/tx/7b085f291de5e000b9d5641f1799fa621e4beb05dc1fe42782f23b5a728f72c4

message: 1E7tEm4qiMZf8PYB937rEyYkp7KVuSLTYy february 9, 2018 ggddtt

address: 17DkezBLFkVkjoeNNy62pr4akEDWs1fviS

signature: H9+k/C8wIN+MB5PpAIyIXeWYT/YZ3sybVmXZ38VPtX3xOKjjKygzz8gzIYJTHGNDMT2AFXiLKRrssn664Ao4ZQA=

Sent a test transaction to your verge.  Seems to work.  Please confirm and I'll send the rest.

https://etherscan.io/tx/0xfe5c293b8de868523af063dab7a3c5e296341e07af1ef5f4e4a8c0d29a263566 - 151,947 TRX


I sent a test transaction for XVG.  Hopefully there's enough collateral for you in the meantime to start the .66 Bitcoin process.

If you are, please send to 1E7tEm4qiMZf8PYB937rEyYkp7KVuSLTYy

And I'll be awake tomorrow to figure out the XVG and get it sent over.

I confirm I have received 580.8 ICX valued at just over 0.3BTC at the current time, and 17980.8 TRX worth just under 0.11BTC.


Because I'm not too confident I set up Verge correctly (address shows not found on verge-blockchain.info, but I assume it's because no balance), would you mind verifying this Verge signed address before sending?


Address: Message:

ICX txid: https://etherscan.io/tx/0xf80753e8dad334ed9d799cf55ff9deef34e5faee1610431f766f15063eb868e2


Binance is being weird with withdrawals.  Probably will end up taking a bit longer (~150k trx)

17,980.8 TRX https://etherscan.io/tx/0x51f488fe18341e6886dd7d2526fee497ba701e725084d9f44c156ea1d3f3a0f0
151,946 TRX sent
517.8 ICX sent

Will update with txids when given.  Once they confirm, I'll give you a bitcoin address for the .66 Bitcoin.  I'll start buying ICX first and send there since the wallet is compatible.  When you have XVG up, just let me know.  Not in a super rush, so take your time.  I want this to be done right with no mistakes.

My ETH address is 0xda32F70FaA59043dC781B9230027d493d41a5F66


Can't seem to connect to a server with Verge's Electrum for some reason.

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Note: I'm going to be unavailable for the next ~3ish hours, so I'd take Lone Shark's offer if you need it urgently.

If the deal has not been done, I'd be willing to go down to your offer of 6% and slight adjustments to the terms I offered.

Message: This is ggddtt on February 2, 2018 confirming a loan with DarkStar as per the original message of this thread.

A receiving address will be made available to Darkstar signed ONLY by this address.

Address: 17DkezBLFkVkjoeNNy62pr4akEDWs1fviS

Signature:  IBsD6UIYRO5ybNacAP3e/glulmcTqjQgDdmjPQfET7EbKQSo5Ga4lfyrqQQAMJqQ57w0WbowhjYqDcvY8pH0Zbc=


Please start by providing an Ethereum address or MyEtherWallet address for me to send TRX and ICX to.

We'll do what you outlined in the original post - I send you 0.666BTC chunks, you buy whatever coins you want, and send them to me. Repeat 3 times. I could buy them for you, but I don't want to deal with exchanges being annoying, or buying at bad prices.

I agree with all of these terms and am comfortable with your history.  6% Bitcoin works for me.

How did you want to handle the purchase order of the coins from the 2 Bitcoin?

I'll fund it too at slightly better terms than Loan Shark if you're interested.

1. No escrow. I think I'm decently trusted to hold this collateral, and I don't want to have to contact an escrow to sell as generally there will be large delays.
2. 6% interest in BTC, not fiat pegged. Possibly willing to negotiate this.

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If the collateral's value drops below 125%, you will be notified of it and have the following options:

1. Do nothing.
2. Repay the loan. I'll lower the interest rate if the loan is repaid early.
3. Add more collateral to increase the value. If you give Bitcoin, I can count that towards your loan repayment.

Should the collateral's value fall to 110%, I have the right to sell the collateral up to the amount needed to repay the principal + interest. Leftover coins may be returned to you. Movement of the collateral will be paid by you (as in taken out of the collateral's value).

You can ask me to liquidate some or all of the collateral at any point, and I will use the BTC amount towards your loan repayment.

In the event that repayment is late, please notify me beforehand. Generally I'll allow short extensions without any other interest, but I may charge an additional 1% interest for every 3 days late if you do not notify me.

I would agree with this too.

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I can do the loan if you agree to:

1. Non-escrow loan
2. Not USD pegged interest, but in BTC of 10%/month (compounded monthly)

-AND-

A. If the collateral value drops below 120%, you will be informed of the drop and you have 3 options:
 1. Wait (till it goes back up or until it gets liquidated)
 2. Repay loan + interest accrued and collateral will be returned
 3. Send more collateral to return collateral value to at least 125%
B. Liquidation of the collateral will start at 113% of the loan amount + accrued interest (interest is computed in advance). However, borrower shall still be liable for deficiency after liquidation.
C. In case the collateral's value dips below the liquidation point stated in subsection B, the collateral shall be forfeited without notice however any deficiency shall still be chargeable to borrower. (In case it dips below 107% and comes back up above that value, it is still considered forfeited)
D. Payment of interest shall be on a monthly basis. If not paid on time, it will be deducted against the collateral hence collateral value will go down.
E. Interest shall be based on outstanding loan amount. This will be a diminishing type of loan.
F. This loan is based on BTC.
G. Any movement cost of the collateral (miner's fee or whatever fees incurred in storing, receiving and returning collateral) shall be deducted from the collateral.
H. The collateral can neither be exchanged for another altcoin nor be traded (buy and sell the collateral).
I. Option: The collateral may be liquidated to pay the loan at any time (subject to a 5% fee based on the proceeds or 0.002 BTC which ever is higher). In case it does not sell for the amount of the loan plus accrued interest, the deficit shall still be chargeable to borrower. Borrower may specify how the collateral will be liquidated. All cost shall be shouldered by the borrower.*
J. And all other terms and conditions stated in my lending thread found here: https://bitcointalksearch.org/topic/l-o-n-e-s-h-a-r-k-l-o-a-n-reopenedupdating-1820695

*Option stated is not available in case borrower is in delay, only BTC payment shall be accepted after repayment deadline, hence upon non-payment on due date and after three days the collateral shall be forfeited in the lender's favor.

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Been out of the scene for awhile but will sign a message from old addresses if needed.

I'll have to retract my offer. Holding the coins in escrow would make it difficult to liquidate should the value fall too far. Most trusted escrows aren't exactly lightning fast to respond.

Bump.  Unless you're one of the top trusted members, the coins must be held by escrow.

Collateral is now worth 1.35 BTC, making it 3.35 BTC collateral value for 2 Bitcoin at current time.

Ok, i was kinda confused ....

Interesting deal though

No, he's escrowing first and taking 1/3 of the loan at a time to increase his altcoin exposure and sending those coins to escrow as well.