As a part of small research I created a poll on bittcointalk - what is a suitable collater against a loan that you will receive in crypto currency.
In overal it shall be a digital asset that is liquid and stable. There is an ongoin discussion I thoutgh that you guys might be interested:
https://bitcointalk.org/index.php?topic=925961
Local namecoin discussion is also interesting. For example, would you pledge namecoin(so you do not need to sell it) and get a temporary loan in another currency, e.g. bitcoin to do some business as usual thing?
Best collateral loan for p2p lending services
Re: Best collateral loan for p2p lending services
this should already be covered by personal property securities legislation. you can register assets whether car, boat, plant/equipment (mining rigs?) and so long as can find someone willing to lend in bit/name-coin the existing mechanisms can handle it.
what is a little trickier is putting a value on intangibles (copyright, branding etc) and getting acceptable loan-to-value rations (5-10% typical). The actual mechanics of crypto-currency to existing fiat coinage is well-serviced.
what is a little trickier is putting a value on intangibles (copyright, branding etc) and getting acceptable loan-to-value rations (5-10% typical). The actual mechanics of crypto-currency to existing fiat coinage is well-serviced.
Dr. Lawrence Lau
http://www.linkedin.com/in/drllau
http://www.linkedin.com/in/drllau
Re: Best collateral loan for p2p lending services
see how the Swiss do it with their WIR framework. You can define the units (optional) as normalised to a unit of electricity or altcoin (so long as the contributors agree). You can have units backed by real property domestically and cryptocurrency globally (though this creates capital geographical-based surplus)phelix wrote:Cross currency loans are bad. Particularly so with Bitcoin and other cryptocurrencies involved.
Dr. Lawrence Lau
http://www.linkedin.com/in/drllau
http://www.linkedin.com/in/drllau