Topic: [WANT] 2 BTC [PUTTING UP] 3.25 BTC Collateral [PAY] $500 USD [TERM] 30 DAYS (Read 1184 times)

confirm

ETH sent: https://www.etherchain.org/tx/a42b34b456d13ebf979bb5ae2c6792d327b32803d600bee9664bd85e3837b86e
ICX sent: https://www.etherchain.org/tx/429a3d485b9d7ca2bbd0a85dd191f270673002be1fe71ef61630a4a759aaa263
TRX sent: https://www.etherchain.org/tx/0xe759df5c219f5cd109a7f503d5aeccc83e5463c4836ff788f09ac48814fb0056

Please confirm.

Verge sent: https://verge-blockchain.info/tx/bb6a15dcecdea79a0dc28c97d1902c435baebb1a539c02d64a2db1ffc4e9e89d

Eth and tokens will be sent in a little bit

Copying/reformatting signed message for future reference. This successfully verifies.

More lenders should do this. There have been a lot of instances of lenders using the same repayment address for everyone that makes it very difficult to confirm if any given loan has actually been repaid or not. This is especially important when collateral is involved because collateral needs to be returned when a loan is repaid.

Message:
ETH/TRX/ICX: 0xba94a132c37a3daf60bd65d67144bc3b51fb2af4

XVG: D9X3JwJpGDWvNgKjqdYjF2mDkzjCpDRFuN

03/12/18 - ggddtt

https://blockchain.info/tx/96cf1ee8e99ab16ac8af30bd3e715e8038aec1a7f129d157f137fa85315d32c6 = 1.98 btc

Address: 17DkezBLFkVkjoeNNy62pr4akEDWs1fviS

Signature:
H4GW6PK8oAEEaSxv/4fqUh7qU7GYxmMqTiGXaEtyBammdOSkFvwZcNAOblgedK9xipB6tWpi9LcHCnxMBfw7zyc=

Thanks.  Make sure I sign my address.  People trying to steal my account.

New repayment address for you, I mistakenly also gave the same repayment address to another user I'm lending to (warningsigns, and that was the 0.0375 BTC sent) so I'll switch it to avoid confusion. New address is 3CmEi6DjW6F3FFJ7emAtXU4r9UL8vap8Cz


Margin seems to be fairly healthy again.

Should be fine, hopefully this is the bottom. I'm heading to sleep too, so no liquidation!

Still sending more.  Probably ether.  Just moving things around.


sent .1 bitcoin to your address.

going to go sleep soon. stressful day. this should put it into safe levels now?  please don't liquidate. if dips, ill send more in the morning.

Dang, alts are really getting killed. Including the ETH, we're down to 114%

No worries, thank you.

Sending about .1 btc worth of ETH in a bit.

(sent .2 eth for now with more coming. just give me time)

(sent just under .8 eth . have a lot of margins going bad. need to manage multiple spots)

Down to 120% 119%

Thank you. Margin is now at 126%. As you have been very responsive, I will reduce the interest to 4% as a thanks.

Sent roughly .1 btc worth of TRX to your eth address.

https://etherscan.io/tx/0x9d882183a81ac77afc69d5bdfbb63d3679cbf2fa06a15c20d4cc0dd11306f0a8

I think you guys will do this weird thing like a fun game,
I will wait for this knowledge to be embedded in my brain.
Good luck.

I'll be sending XVG once binance withdrawals are open again.

BTC sent to the repayment address will count as a partial early repayment, and would increase the margin percentage. Address was posted a bit earlier.

Seems to be recovering to "safer" levels now that it's been orchestrated.

Please stay in contact whatever you do before liquidating.  I will always be willing to send more to keep it secured.

Do you have a bitcoin address?

update: My withdrawals are blocked on binance.  I'm assuming it applies for everyone.

Please get in contact with me to make sure this doesn't get liquidated.  I will send whatever needed to keep it above. 

A large amount of altcoins got stolen by a trading bot compromise.  They are just flat selling all the altcoins including XVG, ICX, and TRX.  Please give me a moment to send you as these prices are most likely temporary.

Sending some more collateral shortly today.  Most likely in verge.

Margin is down to 126%. Not quite at the 125% notification level, or the 105% sell level, but I figured I should let you know.

Will do. It currently sits at 130%, which is well above dangerous levels.

In case it starts to drop near dangerous levels, please bump this thread so we can get it settled without selling.

Confirmed, thank you.

Message: This is ggddtt on February 20, 2018 confirming that I have sent 499.8 ICX to an address in Darkstar's control to maintain the collateral level.

Adddress: 17DkezBLFkVkjoeNNy62pr4akEDWs1fviS

Signature: HzQhw9FUJqVkcKWH/S1H7161dUNSfkGi5vRdN0bNT35iEfA1ut4IGrwP2aQu1MdzCi/hREmixaVHT0duC/dweH0=




https://etherscan.io/tx/0x6e53b22949ce422a0d4af5b51921c745a773fd33fb4602dee6296e745e5db112

In case you wanted to easily view how much your collateral is worth, I made this little thing in Google Sheets. Scrapes balance of those tokens/addresses, and the price, so you can find out the margin value easily. Will also automatically update in case you wanted to add more of those tokens for collateral.

Will do. Feel free to send me a PM if you ever want me to sell the coins to repay the loan or part of it (ie you think XVG is at it's ATH), or if you want to add more collateral. Additional collateral can be other alts as well, not just the ones you gave as collateral. (I may reject an alt though, such as Bitconnect or if I feel it's very risky/shady)

Sent the last XVG to https://verge-blockchain.info/address/D7DnY2M5JScpytdiZ5RyBi73w5HEn2YGi9

199,687 XVG (Verge) with a value of 1.2819 BTC
1999.22 ICX with a value of 0.919 BTC
199930.99 TRX with a value of 1.04 BTC
= 3.24 BTC Collateral for 2 Bitcoin loaned

I'll monitor it to make sure it doesn't get near threshold but please message me at any time you need to by bumping here or sending pm

Final chunk sent. tx: https://www.blocktrail.com/BTC/tx/c0f00cd215d33483f6272c2b5dfbd09d0e19fd8030d4c55dd5f958c87bc7e32a

That's fine if you wait till tomorrow, thanks.

message: 1E7tEm4qiMZf8PYB937rEyYkp7KVuSLTYy

feb 10, 2018

ggddtt loan address

address: 17DkezBLFkVkjoeNNy62pr4akEDWs1fviS

signature: IMW96yeg+elT7W7MJeyzF7kZ52kcxe67auybJds4SG+MWC1YaqgOZY8zzLexXfgoYvAL81OxADP+ZpUshKZbqtc=


I'll be a few hours sending the last batch of coins, but it will be done tonight or tomorrow morning to finish the trades and sent back to you.  Thanks.

I confirm I am now in possession of:
105966.4013 XVG (Verge) with a value of ~0.69BTC
1999.22 ICX with a value of ~0.92BTC
199930.99 with a value of ~1.1BTC

Will send final chunk of 0.6BTC once you provide an address.

https://etherscan.io/tx/0xe5669dd7dd8bcc630444873d9e108eb7041ff9f5219004343cd65c9f09ec0b0b - TRX 30,000
 
https://etherscan.io/tx/0x10e7e4688ab4329f88f4c866f490ce8ff2d6e5029176f0fa2740cf5f6ac86edd - ICX 64

https://verge-blockchain.info/tx/1167f35ea036a08ac2ada7631b170eefc9740c6fcd233d5fa8833fd5c279c0e9 - XVG 77,705

Will do, thanks.

Sent 3 transactions for coins bought from the second batch. 

Will give the tx id's in a bit.

Currently total is sitting at 1.4 BTC loaned out and 2.6902 BTC worth of collateral once they arrive. 

Once I post the tx id's and they've confirmed to your account and sign an address stating the same address to send to, please send the remaining balance.

Thanks!

Sorry, I fell asleep. I think we're in fairly different time zones. Batch 2 sent

http://blocktrail.com/btc/tx/ca8e1de8ee8827604228c22fa0be64fbe6aaf322ab32013baff216af9ee3238e

28,260 XVG  https://verge-blockchain.info/tx/dfa6fd7c8d2d5612b0049e1fc4576ad00ede102b016ef3a44283f15773c896e3

1354 ICX https://etherscan.io/tx/0xfa395aa9f6d2d53ecb1e0a62dcbcdd8d10025fccdccae91d3ef450da9ca89ab8

Please send 2nd batch to the same address

Message: 2nd batch darkstar feb 10 1E7tEm4qiMZf8PYB937rEyYkp7KVuSLTYy

Address: 17DkezBLFkVkjoeNNy62pr4akEDWs1fviS

Signature: INYgsecHqfmhAMDH0KN6tobamTLtZ9OVMkSHWFwgTv6DTQl/7bymWgItgSnWoFOL2fk1iPr5hP/kdOzpF8DTpUo=


Hopefully you send soon so I can do the XVG part.  After receiving 2nd batch, I'll buy XVG, send and then I'll be heading to sleep and do the last batch in morning.

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.

---

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.

---

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.

If i read this correct you want to receive three payments BEFORE you put the collateral in escrow?

I can do this on the terms that have already been established.

I can fill this loan for $750 interest. But if the collateral falls below 120% of loan amount, then I'll sell them to ensure I don't get screwed by a crash.

Offer is still open to other lenders. 

Sent a message to you and an available escrow.  Will ask another escrow if he declines.

You're right, I misunderstood - that's what I get for browsing while at work. I agree wholeheartedly with your last statement, due to the volatility. Good luck.

I can fill this loan in its entirety, and we can use a trusted escrow for all trades. My only condition is, if the value drops under 120% and you don't message me to top it up, I'll liquidate your holdings and have your collateral returned

Yes, this is right.  If I fail to give Bitcoin to maintain the ratio within a reasonable amount of time and the value has dropped below 120%, the lender/escrow has the right to liquidate.

I just don't want the lender to panic when it's 130% or something and not give me any time or chance to be able to top it off so that the altcoins do not get sold.

I am also comfortable with the lender or escrow directly purchasing the altcoin.  That is probably the better method actually.

Because then you wouldn't have any collateral and therefore you'd have all the risk instead of the OP. As proposed, the OP would risk everything and also have all the benefits if it works (minus $500). It seems you didn't read OP or didn't understand it.

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The only thing you need to say explicitly Ggddtt: if the collateral decreases in value and you fail to send more BTC to keep it at more than 120% then there must be a condition to liquidate the collateral while it's still above 100%. The lender and you need to agree on the thresholds (ex: 120% and 108%) and time limit to send more BTC.

You can also make it a little more simple if the lender (if trusted, otherwise the escrow) directly buys the altcoins you say and keeps them, instead of sending the BTC to you.

Why would I give you 2 BTC to go and purchase altcoins and then give me altcoins? If I want to buy altcoins, why wouldn't I just go purchase them myself and cut you out?
Where is the value add? This makes no sense.

I'll try to simplify.

The 2 Bitcoin will be used to immediately buy the same coins.  These coins will be sent to the lender (or escrow) after purchase.  

Therefore, the lender will have lent out 2 Bitcoin but be holding ~3.25 Bitcoin worth of these altcoins as collateral (~182%).  

Should the value of the altcoins in Bitcoin value, slip from ~182% to ~120% of the value (2.4 Bitcoin), I will be giving Bitcoin to the lender to pay down the loan amount so that the ratio of collateral stays above.  I do not, at any costs, want the altcoins to be liquidated unless the ratio is completely broken through.

I’m quite unsure as to what you mean. It all seems very complicated and I’m sure that you can explain this much better.

But what I do see is that you’re wanting the lender to not liquidate your altcoins which is pretty much not going to happen. If you were to take out a loan from anyone the lender will have to liquidate the collateral if it goes under a certain amount that is predetermined. If collateral slips below 100% and you don’t pay back then it’s a huge risk for the lender

PM me with a simplified version of this and I’ll get back to you.

Want: 3 x .66666 Bitcoin payments equaling 2 Bitcoin
Reason:  To increase holdings of certain altcoins for 30 days.
Collateral: 170,000 Tronix (TRX), 581 Icon (ICX), 28,260 Verge (XVG) (a sum of ~1.25 BTC current value)  PLUS all coins purchased through lended bitcoin

I will sign a bitcoin address stating my transfer of assets to lender's addresses.  I will then be taking each .666 Bitcoin payment one at a time to buy a mixture of these three coins and sending to lender for each payment.

This will result in the lender having ~3.25 BTC worth of collateral.  At the end of the term [maximum 30 days from loan given], a trusted escrow will be given 2 Bitcoin + $500 USD for interest (escrow fees covered by me).  The lender will send all altcoin holdings back to me after signing the same bitcoin address providing receiving addresses, and escrow will release payment to lender upon confirmation of receiving.

Lender must keep the coins in their native currency.  If for any reason, the value of collateral slips into a dangerous period where the value is not more than 120% of the value, the lender will be given Bitcoin towards payment to maintain the ratio.  The lender must not attempt to sell.


Trusted lenders only.