Re: Need 1 BTC loan for 30 days, 5% interest, 150% collateral DRK

Quote from: AD_Infinitum on August 17, 2014, 09:22:43 PM

Quote from: Bitcoins101 on August 17, 2014, 08:43:48 AM

I can do the full amount with DannyHamilton escrow. I propose that I send DannyHamilton the 1 BTC, you send the 1.5 BTC worth of Darkcoin to me, and then DannyHamilton releases the BTC to you. When the loan is over, you send the 1.05 BTC to DannyHamilton, I send you the same amount of Darkcoin you have sent me and any additional that was sent to keep it above 110%, and DannyHamilton releases the BTC.

If value falls below 110%, it needs to be pushed back up. I am only willing to do this if I have access to the DRK and it is not held in an escrow for the 30 days. Collateral may be used as a hedge or short.

I can also do half.

I currently am lending to several members: https://bitcointalk.org/index.php?topic=740207.msg8362681#msg8362681

Good plan! Instant 0.5BTC profit, what will stop you from cashing out and running away? Why to wait 30 days for 10x less profit?

Why ruin my reputation and screw up the loans I'm giving out so I can cash out with a few pennies in profit? It would make no sense for me to run with .5 BTC or .25 BTC, especially when I have other outstanding loans, signature payments, etc.

It sounds like it's not going to be worth the effort loaning to you. In that case, I wish you good luck finding someone else who will cover the rest. I would personally highly recommend just selling the Darkcoin, though - I mean, how much value has this coin lost since you posted this thread? It's likely just going to keep sinking.