Hello, I am trusteez and I have 43 Bitcoins to lend.
I am setting up a bias-less loaning system where even Newbies can get approved without collateral.
"Where's the catch?" I hear you ask
Well I will be judging how I will lend to you through the amount of Bitcoin you own.
If you verify you own:
1 Bitcoin, I can loan you 0.5
2 Bitcoin, I can loan you 1 Bitcoin, etc.
I can loan 50% of your Bitcoin if you lock it up in a multisignature address with an nLockTime that will automatically release your coins after the loan period has concluded.
0.01% Interest is added every 48 hours.
How do you submit?
Tell me:
1. What do you need the loan for?
2. How long do you need it for?
3. How much do you want to loan
4. Do you have the sufficient amount of Bitcoins to 'lockup' for a specified time using nLockTime?
5. Bitcoin Address
Why would someone put bitcoin up for collateral just to get a loan in bitcoin? Secondly, your statements contradict each other. Youre stating someone dont need collateral but yet you want coins secured in a multisig address? Something doesnt add up at all