Quote from: warningsigns on January 12, 2018, 10:44:56 PM

0.07 BTC and a Chinese law firm was engaged to draw up a legal memo and paperwork? These are truly hard times.

What about that law firms fees? An untenable arrangement for 0.07 BTC.

Quote from: kii552007_alt on January 12, 2018, 06:08:04 AM

... and I hope this could be a reference for the future loans in this forum!
Thanks again for biulas's help, you're really awesome! Cheesy

As for using this transaction as a reference loan in the future, I doubt lenders here will consider it as a deciding factor. For one, the transaction was one between two relatively young accounts (which might lead one to think it was an arranged loan for the purpose of farming trust). And its an unsecured or uncollateralled loan which doesnt show how you handle loans on the strength of something pledged to secure it.

If you are hoping to use this example as a way to encourage lenders to grant you future loans using the same kind of elaborate arrangement (the law firm story) it wont work. Its all about providing valid collateral here.

Three words - Established partnership, pro bono case on a quid pro quo premise. Let's just say the Law firm owes me and my investors. Besides one need to know about Chinese laws since there are ways which one can use to rapidly recover 1000USD from someone. I've done it at least 2 times and surely will happen again in my line of work.

On my side, I don't want to use it as a reference at all. I've got my own sucessful business and if I once posted here for help in order to apply as a lender, taking in consideration the last two posts, sorry it was my bad and will not surely happen again. I've got other places to invest without colatteral and using legal mechanisms to protect me and my investors.

For me it serves only as a true story that there are still good people in the world. That the notions of trust and helpfulness, regardless the safe mechanics used, are still usable has we all are humans. That's it. No wild-goose-chase motifs or hidden reasons. No schemes, scams, nothing. Just plain old thankyouness and human understanding.

On kii552007 side don't really care what are his intentions. But what I can say that he has been good for his word period. It worths what it worths - but its the truth.

The human condition takes us to denial and doubts if face of we don't understand. Its human nature. And that I understand

Its funny thought how people tend to rationalize this matter as to produce wild conspiracy or even an elaborate scam Grin

One thing is for sure - I won't either lend or borrow at the forum as it seems its easier to be ostracized then to be part of it. But that's just me and my 2 cents. Don't really give a f**** to what people think about.

biulas

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