A fully secured bond (with interest secured as well)?

I’d like to sell a bond. I’d like to choose the interest rate. (Assume there are enough buyers for this discussion.) I want the bond to be secured with counterparty (or similar). I want the principal of the loan and also the interest paid to investors to be fully escrowed into the blockchain so there is nil risk (so I can get the lowest rate).

Here is an example. I issue a bond that can be divisible (is it called a bond at that point or shares or loan? shrug) for 1 btc. I set the rate at 1% APR (denominated in btc) for 1 year. So, a total amount of 1.01 btc must be escrowed into the blockchain and automatically released to investors after exactly 1 year. There is no oracle, no broadcast, no betting, no derivatives, no manual intervention–it is all automatic.

How do I do this? :slight_smile:

actually, perhaps this is a terrible idea, since I wouldn’t even need to get a loan in the first place. I’d delete this thread if I knew how :smiley:

Never mind, we’ve all been there!

How to delete a thread: you can PM me and I’ll delete it for you.
When you have more non-spam posts under your belt, you’ll be able to delete them yourself. (A workaround at present time is to edit the content, or PM me as above).

Actually the idea is not completely useless. You could - with enough trust - deposit another asset and have it distributed if you don’t pay interest on time, or something like that.
I think that can’t be done now, but maybe it is possible with Smart Contracts (based on Ethereum’s Pythereum) - it can be tested on testnet right now, but it’s not yet available on mainnet.