Quote from: Kouye on November 19, 2013, 08:35:05 PM

Quote from: JuenoMT on November 19, 2013, 06:58:41 PM

I will be able to pay $400 a week as base pay

I'm not sure to understand.
Are you offering a life-time 400$/week after the 100BTC loan is repayed ? (in BTC?)

So if I loan 100 BTC to you today, the following happens:
- in 40 days, you begin paying 400$ per week
- in 6 months, you repay 100BTC
- in 6 months, I got my full 100BTC back and a life-time payment of 400$/week

Did I get this right?

Of course, I also considered the other options which included you repaying a loan of 100BTC at a rate of 400$/week, but that clearly does not fit in a 6 months timeframe.
Not mentionning holding the 100 BTC would be so much more profitable than lending to you, at the current growth rate.

Not quite,

By base pay I mean that the payments would not be less than $400 a week during the 6 months term which would start within the first 40 days after the initial 20 BTC was dispersed. I say within the next 40 days because the payments, besides the $400 base pay, could not start until the mining gear had arrived and was generating income. I offer the minimum $400 a week as a way to ensure that the loan provider will receive some form of reasonable payment even if the mining operation does not perform as expected. The loan would be repaid at 115% in total.

And I want to be sure that it is understood that the requested amount is 100+ BTC, not just 100 BTC. I would be happy to tell any serious loan provider the exact amount in a PM, I do have a reason for this which leads me to the next paragraph.

I should also note that I will only do business with a loan provider that has a solid reputation in the bitcoin community, because I believe that such an individual would have the proper incentive to keep confidential information confidential.

As far as holding BTC as opposed to loaning BTC, that is really a decision that a potential loan provider must make for themselves. If one wants to provide a loan then one should provide a loan, if one is not comfortable providing a loan then one should not do so. In either case, neither individual should have to explain why because it is their choice to make. Just to be clear though, completion of the repayment will be in BTC and not in dollars, so holding the BTC or not the value of what you have is preserved. As stated, the $400 a week base pay is just a way to ensure the loan provider has some security that they will receive at least some form of reasonable payment.

Maybe I should also state that not all of the funds will be spent right of the bat, some of the funds must remain available as insurance against any unknown issues arising such as a PSU failure.