I suggest you to go to the gambling section, because it`s actually is.
And yeah, your rates should be like pirates one)
I give you possibility for 100% secure loan... what else do you want? See you had me until the '100%' secure loan part. Who is the escrow? That is the most important part of this equation. Multi signature between me, you and Gavin Andersen. Is it ok? |
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I would never take this deal. I stand to lose the full 1k BTC (and actually even more because it will approach infinity) and only stand to gain 2.5%. If I am that sure Bitcoin will rise in value I'll buy them leveraged ...
Ok, let's me ask you, will you lend your BTC to me for 10% per year? Now it sounds nice... is not it? But it is actually the same |
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He's essentially offering a CFD. It's a valid derivative, and only gambling insofar as much investing on exchanges is gambling. It's not kind of clean CFD because BTC is never converted into USD. I can not take long position I was thinking it looked like that was a request for someone to write (sell) a BTC PUT option (European style): - http://en.wikipedia.org/wiki/Put_optionThe variation though is that instead of exercising the option at the end you instead settle with the PUT writer for the difference between the strike price and spot price at expiration. Using your example, the PUT option you are looking to buy would look like this: Contact (Asset): 1 BTC Quantity: 1,000 contracts (of size 1 BTC per contact) Expiration: 6 months, Strike price: $5 Premium: .025 BTC (per contract) You are describing the need for a guarantee fro the PUT writer that the "BTCs will stay intact". Even with 2 of 3 (M of N), that is putting the PUT writer's bitcoins in escrow under control of a third party. What happens though if the price drops more than 50%? So let's say the exchange rate ends up $2.25. Thus the settlement is ($5,000 - $2,250) / ($2.25 BTC/USD) = 1,222.22 BC. The call writer owes you 1,222 BTC but there are only 1,000 BTC escrowed. I thought about it too... this is trade off for not having centralized exchange and using only multi signature... |
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He's essentially offering a CFD. It's a valid derivative, and only gambling insofar as much investing on exchanges is gambling. It's not kind of clean CFD because BTC is never converted into USD. I can not take long position |
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He's essentially offering a CDF. It's a valid derivative, and only gambling insofar as much investing on exchanges is gambling. CFD... yes.. you are correct |
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Because this is really gambling
If you have tons of BTC that you plan to use in 5 years, why don't you get some % meanwhile... + you must understand global effect of such transactions on Bitcoin economy... in short - it will drive BTC price up... |
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First of all, write strictly all conditions. And your topic sound disturbing in case of BTC cost. Like you know or control something,that we dont). I just cant get, is it in good way(price up) or in bad way(price down).
Look, I understand when you read this and don't have financial knowledge it's kind of strange.. Of course I will need some guarantees from you that your BTC will stay intact during loan time... Of course I will need to specify what "price" is when contract is over... I think something of average USD price among 3 top exchanges for free currencies (USD, EUR, GBP) When we have multi signature transactions everything will be much easier. |
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Well, i dont like gambling)
But currently i`m interested in small(about 50 btc) loans for a month with 25% MRP
300% a year|50BTC|1 Month
So I dont think that you will be interested in me). But pls reply about all conditions of such loan.
I'm looking for something like <10%| x 000 BTC | >= 6 months |
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I suggest you to go to the gambling section, because it`s actually is.
And yeah, your rates should be like pirates one)
I offer you 100% secure loan... what else do you want? Well,i want more BTC`not less, your idea sounds fun, but it would be reasonable only in some cases) Ok... write here how much % do you want and how much BTC can you lend and for how much time... Example 5% | 1000 BTC | 6 month |
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I suggest you to go to the gambling section, because it`s actually is.
And yeah, your rates should be like pirates one)
I give you possibility for 100% secure loan... what else do you want? |
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Nope. It's gotta be a Ponzi.
there has to be a reason why he doesn't want the money sent to him.....
Maybe he wants to break into our wallets.
Nope, it's a Ponzi. It's gotta be a Ponzi.....
Facepalm So, in that case, I can lend up to 1,000 BTC but I will require 7% interest WEEKLY (Pirate Rates) in order to make this Ponzi worth my time.
In other words you want to lend me money for 364% per year.... Let me think about it.... |
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So at the end if you were right, will have to send you 111.11 btc?
If price will be lower, yes... lender will need to compensate |
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How do we know this isn't a Ponzi, or possibly a Scam or that you will use it for drugs or hookers ?
You know how careful people are around here......
Read again where it says !!!IMPORTANT!!! |
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If you have 1000 BTC and you want to deposit it and get some % but you need good guarantee that this BTC will return to you.
I can provide such deposit with 100% guarantee... How? BTC will never leave your wallet... Watch this...
!!!IMPORTANT!!! You neither change your BTC into USD nor send anything to me during deal.
Let's say today's price is 5 BTC/USD.
You have 1000 BTC. You want to loan it for 5% per year for 6 months ( Yield will be 25 BTC )
Your 1000 BTC = 5000 USD today. We make an agreement that you lend me this 5000USD for 6 months.
I transfer 25 BTC into escrow for somebody well known on forum.
After 6 months passed we look at the price. If the price is lower, let's say 4.5 BTC, your initial 1000 BTC will cost 4500 USD.
Difference goes to me = (5000 USD - 4500 USD) / (4.5 BTC/USD) = 111.11 BTC.
If price is above 5 BTC/USD, I don't owe you anything because you did NOT convert BTC into USD when "lending" to me.
And, of course, you get 25 BTC (yeild) for this bond from escrow.
If you are interested - write here how much BTC you want to lend and for what %
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If you want to then SPEND the funds sent in that 2-of-3 transaction... that isn't implemented yet
It kind of sucks... I thought it is already done... Can somebody slap RPC call for this?? $100 USD Bounty for this. |
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Hi there, where did escrow tab go to? Can we have it back with BIP16?
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Command line guides will be OK
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No no no... I need step by step tutorial...
For example 2 people have Bitcoin Qt installed on their PC what they need to do to make it...
5 BTC bounty
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Ok, I need to create multi signature transaction.. 2-of-3... What do I do?
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Escrow arbiter needed. who is most trusted financial person on this forum?
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