Re: [Open] 6.4 BTC loan, collateral/escrow, monthly interest, ~5 months.

Quote from: Honeypot on January 18, 2015, 01:11:50 AM

Quote from: Rum152 on January 18, 2015, 01:06:43 AM

Why don't I ask again. What risks are you taking in giving up your NOBL as collateral? You are able to have the shitcoin sold if the price changes to a level that you want to sell it at.

In theory you could claim the escrow could run away with your shitcoin however looking at the trading volume of your coin it would be difficult for them to sell it for bitcoin.

If you cannot come up with a risk that you are taking by giving up your shitcoin temporarily as collateral then you should admit that you were wrong on that point.

Because I have ever asked the escrow to sell the collateral that's not even in my possession. Because I can ever make such a request when something is bound with a loan.

Because such a term is there in the OP (no, it isn't).

I like how you make up scenarios that doesn't exist with anyone and pretend it's a real story Cheesy

I also like how you don't understand what a 'risk' is when you have been told what it means numerous times.

Go whine for dread pirate roberts or something you seem to think on the same wavelength.

This bitch LOL

Your logic is still not valid. The lender has the escrow hold the shitcoin (NOBL in your case) for his protection. The lender is protected because there is something of value that can be exchanged for bitcoin in the future when you default on the loan. If the collateral were to be exchanged for bitcoin prior to you defaulting then the lender would not have a problem because they are still protected. There is no logical reason why any lender would object to you not selling your shitcoin.

If you are saying that you cannot have the escrow sell the shitcoin if the price has risen because it is not a term listed in the OP then why don't you add it to the OP? No lender is going to not lend to you because you have this clause.

You are creating "risks" for yourself because you want to be able to argue that you should be able to get a larger loan then what your shitcoin will support.