Quote from: Glandoux on February 15, 2015, 02:25:40 AM

I can in NXT and BLK and Poker Stars money.

I have about 12 BTC in NXT and maybe like 10 in BLK.

But how does that work, where is the collateral held?

If you have 12 BTC worth of NXT to offer as collateral then I would be willing to offer you a loan of up to 9 BTC with the stipulation that I have the right to sell the NXT in the event that it's value were to drop 9.9 BTC.

I would however not accept an interest rate of only 1% per month as this would be much too low.

The collateral process would work like this:
-You would send the collateral to me (or an escrow if you prefer to use a trusted third party - that we both trust)
-Once the transaction is sufficiently confirmed by the network I would send you the loan
-When it comes to repay the loan you would repay to an address that I specify
-Once you repay the loan and the transaction is sufficiently confirmed by the network I will send the collateral back to an address you provide (or an escrow would do this if you wish to us escrow)
-If at any time the value of the NXT falls to 9.9 BTC then I have the right to immediately sell the NXT at a price that gives me the quickest execution