i borrow privately all the time

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Not without giving up custody

no, that does not always apply....promissory notes 4 one

seller finance subject to

private contracts legal in all 50 states & elsewhere

Either the loaner or the lender has the private key. Even in a multisig setup, 1 party has a chorum.

A legal contract does not enforce custody and has privacy implications in case of litigation.

privacy could be a concern but we still have laws here in the US that are enforceable/ my guys still honor the handshake and don't like next level bs

just the way i've done a few things win/wins

both sides happy

with a private contract