Quote from: SkippyLongBottom on April 21, 2013, 03:42:28 PM

Quote from: John (John K.) on April 21, 2013, 03:34:24 PM

Quote from: SkippyLongBottom on April 21, 2013, 03:28:04 PM

Quote from: John (John K.) on April 21, 2013, 03:22:24 PM

Quote from: SkippyLongBottom on April 21, 2013, 03:20:32 PM

Quote from: John (John K.) on April 21, 2013, 03:14:17 PM

Quote from: SkippyLongBottom on April 21, 2013, 03:12:54 PM

Well I meant 19% a month.. but I do understand how unlikely it is I will recieve a loan.. It is just that CC/Bank loans will take too long for me to recieve and are tough for me to get, I have no credit card open for cash advance and loan will take too long. I would need within the next few days and since I am now very into the BTC economy I figured it my best option. I have even opened an account on BTCjam however I am a brand new user so it is unlikely I will get funding off the bat and if so itd take too long. So I figured those with big BTC must be around on here to invest.. The other benefit I would provide would be a garuntee minumum of the dollar amount of 10 btc at current rate, if rate lowers over the 12 months I will still pay to current rate. However if rate rises I will still pay to 10 btc minumum plus 19% a month.. Which means giving loan now will not take away from investment of holding btc. Another offer would be a 400 dollar lump sum at end of payment cycle or 150 lump sum at beginning and 150 lump sum at end of repayment cycle.. Reason being is due to the fact that this is the btc market not a bank loan or CC.. The expenses over the course of 12 months are no problem for me to pay, I just need an investor with 10 BTC for within the next couple days

How would the investor make you pay up if you just ignore him? It's not like the banks who can destroy your credit ratings or repossess your stuff.

This would be where I would need to get creative to figure out some type of collateral / third party / something to give investor peace of mind.

for deadweasel.. I see how you say nothing could be less profitable but this is why I offer the lump sum and current rate garunteed minumum repay

How does the 'garunteed' part come in? I've a small 3.5BTC loan with a quite trusted member here (with OTC rep, ID, FB and stuff) that he has delayed repaying for almost 1 month now. I'm quite disillusioned by collateral-less loaning now.

The 'garuntee' I refer to is payback at current rate of BTC price.. so if BTC price goes down I pay to current rate but if BTC goes up I ay to that BTC rate.. as for collateral.. how much ASICMiner share etc for 10btc... also I would over increase interest/ late charge if I were late on any months payment

That's worthless. Most people I know will lend BTC for BTC (if BTC goes up/down the same amount of BTC is repaid) if it was backed by something. An example share collateral I would do is: 100 ASICMiner shares are transferred to me, and I transfer around 90BTC to you. I reserve the means of liquidating the shares if the mean share/BTC falls to around 0.95 each unless the difference is repaid to me within 24hours. If you default I possess the shares. It's that easy - most legit lenders agree to such arrangements. If the lender does not have an equivalent collateral he probably shouldn't be getting a loan anyway as he most probably won't have the means to repay it.

I see what you mean, but the loan I need is only 10BTC , so are there any other suggestions of collateral? I mean, I would be willing to figure out even some means to tie my Bank Account number + Routing to something for lenders peace of mind, knowing that if it is not repayed by end of payment cycle they have means for direct pulling.. now I would need a trusted lender for that and ifpullling starts appening early or of a greater amount then specified I would take legal action but otherwise with trusted lender account could be set up to directly pull fund if not payed by payment cycle.. and then after full repay removing direct deposit

I can throw you the loan in a jiffy if you can drop me 11 shares of AM through one of the passthroughs. No need worrying that I won't return you the shares after you settle the debt - I hold much more than that daily for my escrow service.

Hmm ... your suggestion would be quite troublesome for this amount, not to mention that the lawyer fees to set this up (I assume) will blow the loan away.