I am no legal expert but I have a strong belief, whether grounded in fact or not, that the entire system I live in is a kind of illegal agreement. Combining taxes with the monetary system I am forced to use and a political system that does not properly represent my concerns makes this usury in nature. I was never given the chance to make an informed choice. I was born into it.

I will for sure. Seems like all the risk is on me because of the escrow and the agreed upon price points. This first time is a test and assuming everything goes smoothly I will start leverage trading more often and with other coins that I hold like ppc and nmc.

Sorry but I ended up going with marcotheminer and we are trying to get devthedev to escrow for us. He was the first to post and messaged me early this morning.  I apologize for any inconvenience.

I do still need this. I think hard numbers would be easier to understand than percentages.

Loan:
(250*0.0104)*0.8=~2btc

Repayment:
2*1.05 = 2.1btc

Margin call(when the lender can request full repayment):
(2*1.1)/250=0.0088

Escrow release(if I am unable to repay this is the bottom price at which the lender can make the principle plus interest back):
(2*1.05)/250=0.0084

How about if it reaches 100% of the loan amount I am given x amount of time(a couple hours?) to repay before the collateral is released? Ltc daily volatility is just over 5% so that should give the lender a bit of a cushion.

I would agree to that if I could be given time to square the debt before it was liquidated.

Collateral:
250ltc

Proof of funds:
LecFvBqxwkctWVedGGm1LnZdguTgctResR
Message: nomadcrypto https://bitcointalk.org/index.php?action=profile;u=393110
sig: G6SufZkt2yMnDcFyjkRf4iuL4/gsRhPcIhmQ0c7gK0Hi9T7xpOXmaJp83BJtYMnsiDzlueQqk1ZFvGQUCTTQisE=

Loan request: 80% @ current btce ltc/btc rate
Term: 1 month
interest: 5%

Purpose: To add to my bots trading balance without cashing out more of my long term ltc investment.

Current bot balance: ~5btc

I feel that 80% more than covers the lender's investment(including ltc volatility) and the escrow fee should I default.


I have chopped the "asset" class from my running bot and have wrapped it in a simple django charting app and it is available on github(https://github.com/nomadcrypto/asset). The bot essentially trades based on hourly volatility but also uses my "detrend" to determine trend reversals. It is currently trading ltc_btc, nmc_btc, and ppc_btc on btc-e.


If anyone knows of a reputable(hero+) member that I should use for an escrow please post.

Thanks,
nomadcrypto