Post
Topic
Board Lending
Re: Offer closed
by
Killerloop
on 08/11/2014, 19:29:39 UTC
You forget that crypto currency scene and its volatility creates a condition that essentially destroys the traditional framework for these deals - a separate idea is needed to accurately adjust to is nature and draw up a contract that is essentially fair for both sides. Your opinion that this is a margin loan is incorrect by the fact that you must consider the exact environment in which you can apply such definitions with some reason.

False, no counter arguement provided as it is impossible Smiley

You also forgot to mention the reward as well as risk that is both eliminated when I give out the collateral - I am myself forfeiting a chance to profit if the collateral goes above certain levels in the volatile market for a quick x2 or x3 if that happens, as it often does in crypto markets.

Easily solvable using professional approach at collateral and margins.

I will only be able to get my collateral back if the escrow sees that I made my repayment on time - and the lender is assured of collateral disbursement through 3rd party escrow, an essential option which was somehow strangely rejected by some 'legitimate' people on these forums Cheesy

If undisclosed ( Huh ) collateral become worthless you profit and lender is fucked

Your points are valid only if you consider the profit and advantage of the lender and not the other party - and crypto currency environment as I said does not allow the traditional definitions of these contracts to be applied accurately due to the very different nature of its current 'markets'.

False, shows inexperience or attempted manipulation. These markets are no different from volatile ones fiat based.

As I said, I try to reach the fairest deal possible within the given framework. I'd say, if the loaner party is willing to risk forfeiting profits from the largely volatile markets with the absolute basic consideration that collateral is not returned until full payment is made, then the lender can accept both the risk and reward of the markets as well. This is a negotiable contract and trade, and balance is essential.

False, shows inexperience or attempted manipulation. This approach puts you above the lender in case you do not honor the deal, and you aren't to be trusted

Scram, whore Cheesy

Make me. Envy me. You are as powerless as a spent candle.

Offer is closed. No further comments required.