Alright I have around 30 BTC sitting in my wallet. I am willing to give loan at 10% Interest (Per Month).
I am new into lending world so I am only willing to accept transferable shares (eg: ASICMINER-PT) as collateral.
You need to transfer shares (Loan amount + 10% worth shares) to some reputable escrow and pay his fees. eg: John K.
Max runtime: 60 days
Don't know where you live but thats only about 150% higher than the laws in Canada permits. I think in the US its by state. I think you can charge a little more. But should you end up in the clink, what safe measures do you have in place to protect our collateral and ensure its safe return?
I am from India and I have already written that we will use "Escrow".
