If @fold_app were available in Australia, I would use the premium card to pay all the trades and suppliers with the card and earn #bitcoin rewards. 😔Receiving #bitcoin rewards an the GST component is appealing.
@ODB______Suuuuu Although I am in Australia unchained did offer to help. However, in my mind, private lending is way simpler providing a trusted third party can be agreed on. Time will tell.
I have a private lender lending $150k 12 months with bitcoin collateral 50% Interest payable at the end and market to market. We have agreed on a trusted 3rd party and 2-3 multisig.
@nonamedlish 2/
We'll work up a simple agreement for the trusted third party to work with in the event it is called on.
There's nothing too elaborate, we are just testing waters.
@nonamedlish 1/ I would not use HodlHodl until they release their app that allows recovery if the platform is down.
Luckily I have a friend in the finance industry who suggested he may have an individual lender. After negotiation, an agreement has been worked out.
@nonamedlish You are correct.
I have a private lender lending $150k for 12 months with bitcoin collateral at 50%. The interest of 12% will be payable at the end of the loan period and market to market. We have agreed on a trusted 3rd party and 2-3 multi-sig.
@dannyyliang@hodlhodl We are building and wanting to avoid bank lending during the build like the plague. Raising finance via a bank to build is a time-consuming nightmare and then requesting progress payments is another nightmare. Finance via hodlhodl will be a walk in the park by comparison.
Ideally, financing the build with bank finance would be a preferred option. However it's bordering on impossible for an owner builder to be approved. Also if it was, banks would be painful to deal with during the build. Less stress with a btc collateral loan.
I'm borrowing on bitcoin to build a house, I'll be publishing financing and building progress via this twitter and a website I'll put online. You are invited to follow if interested in progress.
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