Quote from: haploid23 on September 11, 2014, 09:13:36 AM

Quote from: jiapetz on September 11, 2014, 08:10:22 AM

I'm looking for a short term BTC loan ASAP, of 1-1.5 BTC over a return period of around 2 weeks or sooner (~September 25th).

These are pretty large fluctuations in altcoin value. And it'll be hard to choose which ones to liquidate if I'm holding a handful of different collateral. I'll send you a PM about this, as it's more than just a quick approval or denial.

For transparency purposes, loan terms have been agreed to via PM:

Quote

I will loan you 1.5 btc for a collateral of 7000 Halcyon (HAL). Repayment is 1.8 btc due on Sept 25 2014. Payment can be sent sent back any time before the due date. 2% per day if late.

- In the event that 7000 HAL price drops to 130% of btc value (1.95 btc), then I will request back the agreed repayment of 1.8btc for the return of your 7000 XMR, or you can add additional HAL. Other options can be discussed as well.
- In the event that HAL drops to 120% value of btc (1.8btc), then I automatically liquidate the collateral to recover my btc.
- At any moment during this loan, you may also request for me to liquidate your HAL to exit your position.

If you agree to these conditions, then send the 7000 HAL to: HBwYpi3RHYS5JFB7D5kpaYekL4FGQgsxHC

Post your BTC address once you've sent the collateral.

I've also requested that @haploid also give me a heads up before any automatic liquidation of the collateral. Under these circumstances, I will put up more collateral to buffer the risk amount, or come to some other sort of agreement between us.

BTC loan and collateral exchange confirmed