Looking for 1000 - 1500 DRK loan

[Spaceman_Spiff]

Hi,

I am looking for a loan of 1000 to 1500 darkcoins for a period of up to 1 month.  
I will repay with 3% interest in darkcoin (36% annualized, so 30 to 45 darkcoins interest).
If you have a smaller amount to lend (500 darkcoins or so), I am also interested.  A shorter period is also possible (interest to be discussed).

If wanted, I can provide escrow in BTC (but then I also want to lender to put in some BTC of his/her own as an incentive to pay back the collateral)

[Killerloop]

If wanted, I can provide escrow in BTC (but then I also want to lender to put in some BTC of his/her own as an incentive to pay back the collateral)

This makes no sense. The lender already gave you the DRK so no need for further exposure by him, your BTC are safely in escrow --> 0% risk for both parties.

[Spaceman_Spiff]

If wanted, I can provide escrow in BTC (but then I also want to lender to put in some BTC of his/her own as an incentive to pay back the collateral)

This makes no sense. The lender already gave you the DRK so no need for further exposure by him, your BTC are safely in escrow --> 0% risk for both parties.

Ok, but after I pay back the DRK, he has no more reason to pay me back my BTC, no?
I am new to borrowing like this, so please correct me if I am wrong. 

[bitbaby]

It's simple, if you take 500 DRK loan, you put the same amount of btc to escrow prior to taking the loan.

When you payback the loan, the escrow will give you back your collateral btc, if not and there is a dispute escrow will give the lender the btc.

[Killerloop]

Ok, but after I pay back the DRK, he has no more reason to pay me back my BTC, no?
I am new to borrowing like this, so please correct me if I am wrong. 

If using escrow there are three parties:

1) you send your BTC to escrow
2) escrow notifies lender, who sends you DRK
3) when you pay back your DRK the lender notifies escrow
4) escrow pays back your BTC to you

without escrow you need to find a lender you trust as you are 100% required to send coins first.

[OnlyHere4Coin]

Hi,

I am looking for a loan of 1000 to 1500 darkcoins for a period of up to 1 month.  
I will repay with 3% interest in darkcoin (36% annualized, so 30 to 45 darkcoins interest).
If you have a smaller amount to lend (500 darkcoins or so), I am also interested.  A shorter period is also possible (interest to be discussed).

If wanted, I can provide escrow in BTC (but then I also want to lender to put in some BTC of his/her own as an incentive to pay back the collateral)

In this case I believe that once its time for you to repay the loan, if the lender no longer has your collateral to provide it back to you then you can exchange your DRK to BTC and just send him the interest you owe him from the loan right?

But if it was me providing this loan, I would Lock the btc price at Bitstamp market rate and keep the bitcoin as provided collateral from the borrow with escrow.

Don't take any word from me about this at all, unless I'm right of coarse... ;-)

Goodluck on your loan

-EDIT-
For Collateral, does the Borrower also need to provide the 3% interest along with the original loan amount requested? So totaling 103% btc Collateral?

[Spaceman_Spiff]

Mmm, yeah, I was thinking of using multisignature BTC addresses to do the escrow, but probably an escrow service is easier.

But it's hard to prove you have sent an anonymous currency, no?  So you need the lender to be honest to the escrow service.
That's why I wanted to lender to put in a small amount in escrow as well, so he has an incentive to be honest to the escrow service that I sent back the DRK.   

Pfft, looks like this might be too hard to pull off.

[Spaceman_Spiff]

-EDIT-
For Collateral, does the Borrower also need to provide the 3% interest along with the original loan amount requested? So totaling 103% btc Collateral?

I am willing to provide more collateral than the DRK are worth.

[Killerloop]

But it's hard to prove you have sent an anonymous currency, no? 

The blockchain doesn't lie bro

[OnlyHere4Coin]

-EDIT-
For Collateral, does the Borrower also need to provide the 3% interest along with the original loan amount requested? So totaling 103% btc Collateral?

I am willing to provide more collateral than the DRK are worth.

For security of both parties; With the Collateral your using DRK, I'm thinking an escrow service can accept both DRK and BTC from both parties, then confirm and release the DRK to you once each party has funded escrow.

Also keep in mind about escrow fees. I'm not sure on what kinda percentage fee your looking at for them securing your collateral for 1month...

[armin22]

Are you just going to become a masternode and offer people some of the profits you make as interest?

[OnlyHere4Coin]

But it's hard to prove you have sent an anonymous currency, no?  

The blockchain doesn't lie bro

Lmfao nice .delete

-edited-
Was told I needed to clear my comment up so Killerloop can better understand ;-)

I was refering to the post that Spaceman_Spiff deleted after you already quoted from in a comment you posted.

@Killerloop: LMFAO means "Laughing My Fucking Ass Off"

[Killerloop]

Lmfao nice .delete

What does this mean?

EDIT:

@OnlyHere4Coin: thanks man 

[Spaceman_Spiff]

Are you just going to become a masternode and offer people some of the profits you make as interest?

No, basically I just want to trade (short DRK) for a small period.

[wealthy$]

I can give you 800 DRK if you can convince me about what you want do with it.