Your best chance here is probably to negotiate with zazarb. Otherwise this scam accusation is probably going to go on forever.
If you can't afford repayment then just say so, instead of going on with excuses of bitcoin being too high or whatever.
Why didn't you just take out a loan fixed in USD if you didn't want to pay off the loan in BTC? Even get a cash advance from your bank/credit card if that's the case. Your deal with zazarb doesn't say anything about the loan being in USD whatsoever.
As yahoo said, speak with zazarb, see if he could offer to lock the repayment amount in fiat now, since bitcoin is quite low at the moment. Or discuss whether you could go on a payment plan without interest for a while.
Hi timerland,
Thanks for adding to the discussion.
Can i ask whether you read the whole thread?
Yes, I've said many times that i can't afford it. But let's get real here, the price going 10x - 20x is the major contributing factor. What would you do if a loan you expected to be repay for $780, gets to $5K -10k?? I could have got stuck just paying monthly interest in perpetuity it cost so much in fiat each month, without ever making a dent in the principal. That's just insane and unreasonable - get real people.
Please remember that zazarb and i have done many deals together over a long period of time, to the tune of many btc. He is well in front with our total business dealings. If zazarb was going to offer a discount or reduction, he would have by now is these circumstances. Its been many months of communication via PM before this.
Cheers