Post
Topic
Board Lending
Re: Medium Loan Request - 10-15% Interest, 30-45 days, NO COLLATERAL and Escrow
by
Valzador
on 06/11/2014, 20:39:20 UTC
Also, liquidating the collateral option is one I rejected and continue to reject, simply because the sheer volatility of crypto currency makes this a very disadvantageous move.

I am at fault for not reading this completely.

User here is NOT offering collateral despite scamming attempts to entice users in thinking so. The very definition of collateral counteracts his assumptions.

He whises to use lenders like a parachute: if everything goes OK and his collateral gains value he will pay, otherwise good luck with him giving back principal + interest and getting back useless coins  Grin

All this weighting on borrowed money.

All offers withdrawn, stay away like the plague!!

Well he's risking his reputation if he wishes to keep all the coins and default on the loans.

I can confirm that Honeypot is offering collateral but I won't reveal what it is, as that's what the OP wants.