Re: Need 70K USD loan with BTC Collateral

Quote from: Vod on July 13, 2017, 04:18:30 PM

Quote from: roughlyright on July 13, 2017, 12:21:51 AM

I have close to 100K in bitcoin in different accounts. I own some in Coinbase. I am planning to borrow around 60 to 70K USD as a loan for 1 year. I prefer to borrow as a interest-only loan, where I pay 1/12th of the interest every month.

Coinbase changes the public key of the wallet. It is not letting me sign messages. If you like to confirm that I have BTC collateral in my account, I can show a screenshot from my Coinbase account.

https://drive.google.com/open?id=0Bw5Ltg6CklBydnZoaHE5MlI0LWc

If you are interested, please PM me.

Roughly Right

I will hold onto your collateral for a 1% fee. Then the borrowers can be assured you will not run off with the loan.

This will be a hard loan to fill with the price of BTC dropping. :/

Remember, in his previous request he wanted to do a multisig (though no real person would agree to that term), but yes btc has been dropping so he would have to more more than $100k worth of bitcoin to insure that lender is protected so they wont be at a loss.