Post
Topic
Board Lending
Re: Taking loans -- 100% collateral in BTC -- Escrow Accepted
by
John (John K.)
on 16/12/2014, 23:23:15 UTC
Hello!

I am willing to take your loan, with 100% collateral in pure BTC. If you want to use escrow it must be at your expense, otherwise you can hold the BTC yourself (lender's privilege).

The conditions of the loan are simple. First we will come to an agreement over the terms of your loan to me. Then we will set a date for full repayment plus interest. Once the interest is paid to you at the end of the loan period (within 48 hrs), you must give positive feedback (with a reference) for the full amount of the loan. Failure to give positive feedback will result in you breaking the terms of our contract and I will get to keep the money you lent me. If this is not possible for some reason you agree to receive a scammer tag until I am paid or positive feedback is left on my account for this loan.

Feel free to propose any interest rate and repayment period you like. I can't promise I will take every loan I am offered, obviously this is a buyer's market so to speak, and I will be deal hunting. I will review any and all fair offers. I prefer to discuss the terms in PM and then you can post a statement for the loan which we can use as a reference for establishing trust feedback.

Merry Christmas!

So you're stating that someone can send you 1 BTC and receive 1.x BTC in collateral, and at the end of the loan period receive 1.x  BTC back and that person sends 1.x BTC to you, with the only premise that he leaves you positive feedback?