Post
Topic
Board Lending
Re: [Open] 6.4 BTC loan, collateral/escrow, monthly interest, ~5 months.
by
TJogger
on 20/01/2015, 22:53:16 UTC
Amount: Total 5.7 btc loaned out - still receiving loan offer of any amount with below terms but will be uncollateralized if offered due to collaterals being 100% promised to current interested parties.

Duration: 150 days (about 5 months, can be paid back earlier depending on negotiations)

Repayment amount: Total of 30% interest + Principle. Every 30 days, I will pay out 6% interest, and principle will be fully repaid along with the last 6% interest payment after 150 days (about 5 months). 6% (every 30 days) X 5 = 30% interest for 150 days. 6.4 BTC + 1.92 BTC in 30% interest = total 8.32 btc repayment.

Essentially, 6% interest on the principle will be paid out to you every 30 days from the beginning of the loan, four times until 150 days are up (about 5 months) at which point all 6.4 btc + last 6% interest payment will be made, GMT.

Loan purpose: I am deeply involved in btc trades and also in the altcoin scene. My previous transactions in the trust category can speak for themselves.

You can check the previous threads here:

https://bitcointalk.org/index.php?topic=398293.0;all

https://bitcointalk.org/index.php?topic=430970.new#new

https://bitcointalk.org/index.php?topic=751645.0;all

https://bitcointalk.org/index.php?topic=841349.msg9389799#msg9389799


I can provide a collateral in a different coin to cover most of the loan at the current avg monthly market price, if that would ease your concerns due to this request being a relatively large amount. Escrow will be the one we both agree on that can be trusted to hold the collateral. I would prefer to ask this public escrow to hold the collateral:

Rofo (aka Jason L. Curby profile):

https://www.noblemovement.com/nobleescrow/

https://bitcointalk.org/index.php?action=profile;u=198862;sa=summary

https://au.linkedin.com/pub/jason-curby/27/9b8/994

https://twitter.com/NobleCoin

Not some faceless anonymous escrow on btc talk, so I would trust him personally. We can discuss it further.



Also, you can say my collateral is my reputation not only on btc talk forum trading reputation, but also my crypto reputation in general (irc, twitter, other forums etc) since people i work with know my forum handle. I would like to state this just to make clear what I am proposing.

I reserve the right to pay everything back earlier (all 30% interest + principle).

Thank you for taking time to read this request - I have posted in several threads seeking a loan for similar conditions. Anyone who comes first will have priority in terms of negotiations.

Most terms are negotiable. PM me for details on the collateral.

Thank you in advance Smiley


Update: Loan amount adjusted to reflect the recent price changes.
Update #2: More adjustments to the terms, extended time period and loan amounts.
Update #3: ducatitalia reserved 4 btc with negotiated terms.
Update #4: lihuajkl reserved 1.7 btc with negotiated terms. Collateral completely promised. OP updated. Waiting on escrow.
I have a friend who, against my advice might be interested in lending to you based on the monthly average price. It looks like two people have reserved spots, however are the terms finalized? If the offer is still open can you please let me know honeypot? Thanks ;0

A 'Friend' - of course Smiley

As of now, all the collateral has been promised to the two respective parties above. My account is restricted at the moment, so I will communicate via email shown above on my post. I have already sent copies of past conversations to ducatitalia and lihuajkl to prove my identity. You can also google that email and see that it was part of my Honeypot post long ago for a project that is dormant now.

If your 'friend' issues a loan to me, it would be uncollateralized since I have already promised the whole collateral to the parties above. If the 'friend' is still interested, have him  send an email there anyway.