The Prestidigitating Bank of Neoxian: loan contract: @blingtendo
The bank of Neoxian shall loan the sum of 140 SBD to @blingtendo. @blingtendo promises to repay 240 steem. @blingtendo shall make weekly payments for a minimum of 18 steem until 240 steem is reached. The first payment shall be on 2018-02-26.
To insure payment of this loan, @blingtendo promises to hand over their Master key to the bank. The bank will give back new active and posting keys to @blingtendo. @blingtendo affirms that the master key is given voluntarily and their account is not stolen. They promise not to initiate the Stolen account recovery procedure.
Master key will be returned upon successful completion of loan.
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By this comment, I agree to the terms of service listed by @neoxian
-Tyler Glenn-Carlander
Now that's the greatest deal steem is going to be rocking
That's a pretty good loan :)
This is a cool deal you can only find at The Prestidigitating Bank of Neoxian.
I am a witness to this agreement.
Hi neoxian, Glad I stumbled onto your profile. Please advise if you can lease about 120 SP to me for two weeks and at what price. I will pay in advance.
I have no sp available for rent.
Noted, thanks!
Excellent deal cracked nice bank on steemit :)
Congratulations on another great deal
this is an interesting use case! What will you do if your client does an account recovery and change back the master key?
Call them out as a scammer. Also call out Steem Inc for erroneously resetting an account that wasnt' really stolen.
I hope it doesn't happen. That would sucks. Do you look at the reputation?
Yes, the reputation score is pretty important. Usually I require 58, but I may relax this slightly for masterkey loans.
Scary stuff. I never knew there is a loan shark on Steemit. What will I not see on this platform? Still learning every day. Good job @neoxian
I'm not that scary.
hey @neoxian, the master key is the main password? whew that requires trust!
also, how does one determine the "amount to be paid back"? is there a standard interest rate for each loan or is that negotiated? thanks! :)
There is no exact standard, but it generally will be a very high loan shark rate.
Good one as always
-cheers-