I Timelord2067 u=131361 agree to be the Escrow for "Kolder Lending Service - Approved Loan in a Flash"
https://bitcointalk.org/index.php?topic=1635890.0 for user Kolder u=662310 on a trial run between the 10/10/2016 until 31/12/2016 noon GMT
-snip-
Isn't it more effective for the escrow to simply hold the collateral, and not touch the loan funds? You could get Kolder to pay you 0.0001
BTC for each successful transaction afterward, as it basically has the same affect. Instead of:
Kolder agrees to fund the loan, sends loan amount to Timelord
Timelord gets collateral, forwards the amount to the person getting the loan
Person Repays to Timelord, Timelord returns collateral
Timelord forwards repayment to Kolder
Why not something like this? (what most lenders do):
Kolder agrees to fund the loan, gets the person getting to loan to send collateral to Timelord
Timelord secures the collateral, Kolder sends the funds
Person repay's to Kolder's address, Timelord sends collateral back.
Seems like more of a hassle doing it the first way.
In your gleeful haste to trim my post, you've left out the most important couple of lines in the whole post:
So I've given both Kolder and any lender the option of going someplace else for Escrow.
exactly, and what I said in post above, even more OP slogan "Approved Loan in a Flash"-
becomes ironic, is difficult to reconcile that three different persons would at the same time online, plus
additional time waiting for confirmation one more btc transaction ...
By using myself When Kolder receives the loan application (be it after they have been away from their desk, or is actually online) they can send the funds to me
when they approve the loan the lender can see the funds are there and can send the password to secure the collateral - it's then a question of when am I online to do the actual securing of the collateral and to release the funds.
There are threads such as
Bitcointalk Escrows - Trade Safely! https://bitcointalk.org/index.php?topic=855778.0 where you can search out Escrows and see how they operate.
Dark S is right. More efford, more fees, more time, more, more...
Imho you can use escrow only for the 1 thing, that is to secure the collateral and nothing more.
If the lender have the money in his wallet, it will send them to the borrower asap.
No need for escrow on this. And yet on the first page zazarb writes:
Because there is so many account selling as of now.
exactly, I notify that you account have even 336 potential activity, which is a very important sign, that account bought, Looking at your post history clearly see that activity start just month ago.
Important!!! All the collateral should be held by trusted third party escrow for safety of buyer. So Kolder approached me to be an Escrow -
these are my terms to be an Escrow:
https://bitcointalk.org/index.php?topic=1635890.msg16481988#msg16481988 OK?
Anyone who chooses not to use Escrow for
any traders or lenders (especially ones who say not to use Escrow) only have themselves to blame if or when something goes wrong.
OK?