Quote:
Originally Posted by Mutt
So if Biggy wants to sell 100 bitcoins short today at 600 dollars you'll put $60,000 in escrow and any time Biggy wants to repay you the 100 bitcoins you'll release the 60K to him?
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That's the proposal I was making, yes. We'd each put money in escrow. On my side, the full value of the BTC, as of the day we sign the contract. Him, 2-3x the value, in the likely event that BTC rises.
I'd like a minimum-time lock-up as part of the agreement (6-12 months will do fine). Biggy, please Skype me a contact for your attorney and I can have mine call yours to make arrangements. I'll be in Jamaica and Mexico this week, but am free afterward.
Let's say 50 coins minimum, 150 maximum?