Post
Topic
Board Lending
Re: 420's LTC Options & Non-Ponzi Interest Bearing Accounts
by
420
on 07/03/2013, 00:23:57 UTC
I hope you all realized that those options are only as good as the person you trade with. So you put alot of trust into 420 that he will be here in 6 months and able to fullfill his part in case that the LTC price rise by a factor of 100 or whatever it is that time...
Obviously I trust 420 to keep his side of the bargain otherwise I wouldn't have entered into the contract.

Also, the way the deal was made, the worse case scenario for me was that I paid $40 for 500 LTC.

Scott J exercised his option and he delivered $400 and i delivered him a 4500 LTC BTC-E code that he will come on later to confirm this is correct

ALSO:

Added new 1 month term for 5% return
Increased 2 month rate from 10% to 11% return Smiley