Quote from: akamit on February 09, 2018, 12:36:38 AM

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Respect to KWH for his efforts and mature replies.

@goose20
There is no doubt that you were one of the trusted members here until zazarb case. If you don't solve this case then you will remain as scammer forever.

In order to solve the case, at first, you have to consider the fact that the loan term was in BTC but not in USD. KWH already tried to make you understand about this fact.
You are just considering your own perspective and trying to force that to all other members. But try to see from zazarb's perspective and calculate zazarb's loss.

As far I have understood that the loan repayment amount was BTC0.65 and you paid back BTC0.455 until December 2017. So the due amount is BTC0.195, right? (Ref post #2)

If you had paid the due amount in December than zazarb could have profited a good amount of money (BTC0.195 * $19k = $3,700). But if you pay just right now than zazarb already lost $2100+.

I showed the USD profit & loss of zazarbs' because you are calculating in USD, whereas it should not be the case of USD term. You are just disagreeing with the "agreement" made during loan procedure.

I can feel your pain, I may felt the same, but the agreement is agreement and it cannot be changed at any cost. If it can be changed from one party, then what is the reason of "agreement"?

The only way you can solve this case is negotiating with zazarb, ask him for time, ask him to lower the due. If you ask for the time then don't forget about BTC price rise again, you already got caught once.

I'm wondering why you didn't take the opportunity in recent days to buy the BTC when it was fallen below $6k? In my opinion, that was your golden chance and you missed that.
What will you do if BTC price goes back to Everest again?

As far I read out the first page and if I didn't miss anything (so many big posts), zazarb haven't charged you anything yet on top of the agreement. Don't you think it is enough what zazarb did.

I hope you guys will come to a negotiation to end this case soon.

"
If you had paid the due amount in December than zazarb could have profited a good amount of money (BTC0.195 * $19k = $3,700). But if you pay just right now than zazarb already lost $2100+.

I showed the USD profit & loss of zazarbs' because you are calculating in USD, whereas it should not be the case of USD term.

I'm wondering why you didn't take the opportunity in recent days to buy the BTC when it was fallen below $6k? In my opinion, that was your golden chance and you missed that."

Hi akamit,

Thank you for joining the discussion.

You are calculating things all wrong even though I know you are just trying to provide an example. You are assuming he would have traded and picked the top of the market.

BTW, the loan was due in May 2017 I kept making part payments until Nov/Dec when the price of btc got way too high and I could not afford to make a payment.

I will provide another way to hypothetically calculate what youve calculated, but that all doesnt matter because no one knows what zazarb would have done with his btc, not even zazarb himself, unless of course he always keeps it in btc and never exchanges to and from fiat. In which case 1 btc is always 1 btc and he hasnt lost anything at all should this all get sorted.

So people should STOP saying look at how much money zazarb has lost. Those people should make up their minds and stop swapping back and forth between btc is btc and then referring to profit/loss in fiat terms.

But please understand, I am not saying that I do not have a portion of the loan outstanding (not disagreeing with that), I am just saying I am NOT a scammer and have NEVER been dishonest with zazarb or anyone else.

This is not a scam accusation despite zazarb putting it into this section, but a gathering of the usual mob to bully. Scam accusations and negative trust shouldnt be used to resolve business issues unless there is actual scamming or dishonesty going on otherwise it is just an abuse of the system. And just because a handful of people on here jump on the bandwagon, a quick review of those peoples feedback ratings given and received versus mine will quickly put things into perspective to anyone with any grey matter between their ears. So this specific group are in no way this community.

So, back to the point of another way to hypothetically calculate what youve calculated.

Lets say zazarb hypothetically exchanges his btc back to fiat each time it is received. i.e he is not a trader and not looking to pick the top of the market to sell or the bottom of the market to buy.

He provides a 0.62btc loan or $750.
He expects a 0.65btc repayment or ~$780.

If the repayment is made on time he receives his 0.65btc and immediately exchanges it to fiat and gets ~$780.

All good right. But, the customer is actually late on repayment in full. The customer makes part repayments instead over a period of many months to the total amount of 0.455btc.

If zazarb exchanges the btc each time it is received, he gets a total of ~$1,830 (250%+).

Looking at it this way, he is way in front.

NOW I am just stating the above as a HYPOTHETICAL, so people stop referring things back to fiat if their stance is the loan was in btc and btc must be paid back. Zazarb himself, you, and others in this thread have all referred to how much money he has potentially lost, at the same time as saying the loan was in btc.

Lastly, zazarb is accusing me of scamming 0.46btc it all includes continued interest. I have never asked for, and he has never offered, a discount or reduction.

People can comment all they like, but zazarb knows that I am not a scammer, and I know I am not a scammer. And this is a business issue between zazarb and I. I choose to get a loan, so I need to deal with this from my end. He choose to get into the lending business, so he needs to deal with that from his end, not go crying to the bullies in the school yard every time there is a hiccup.

When people comment on here, I give them the courtesy and respond. I treat their opinions with respect, and I have treated everyone fairly. I have not received the same treatment in return: having been called a scammer, been called pathetic, been splashed in red, had the finger pointed at, and people rudely not responding to questions asked of them.

akamit, sorry if some on this post sounds like I am frustrated with you, I am not. Your post is one of the more fair and reasonable ones.

Cheers