Topic: An absurd policy - page 2. (Read 3316 times)

Where cab I find this site?

Shouldn't it be possible to resolve this by looking at the mirror site that does not delete posts?

Did he scam you? no? Then why the hell did you downtrust him? Its really as simple as that. I could start a thread tomorrow asking for a loan for 1000 BTC. I'm 100% sure I would pay it back (because in all likelyhood I wouldn't use any but a fraction of it). Will I? No, because I know that nobody is going to lend me. If I did, does that somehow make me a scammer? No, it just makes me fond of wasting my own time making a thread that I know will never come to any use.

Best part is that this is not even true guys. I did not delete ANY questions at all. He just made that up. You ask him what questions I delete, he has no response. He makes some assumption that I did just because I had a moderated thread. If you think I'm lying, ask him what question I deleted and you'll see who the real liar is. I've asked him at least a dozen times publicly, he responded once here: https://bitcointalksearch.org/topic/remove-vod-from-defaulttrust-704391 and his answer was "I don't remember" (this was only a day later BTW, so I guess he has Alzheimer's disease too)

Guy is a douche bag with a major ego, totally unwilling to admit to any wrongdoing. Especially when it's gone this far.

I encourage everyone to read the evidence I've posted against him, the lack of evidence and avoidance he's shown in response and then come tell me if this is the stand up guy he pretends to be.

I'll loan you pretty much whatever you want but I want at least 150% collateral.

What is wrong with that?

I gave him negative feedback because he was deleting questions people were asking him in his moderated thread asking for 700btc.  I've hashed this to death already. 

Seriously VOD, I appreciate that you're trying to help the community, but downtrusting someone simply because they're asking for something you think would be unwise to provide is NO REASON to downtrust someone. When people see someone being downtrusted, it implies they've scammed someone,  or defaulted, or broken some promise. Not that they've broken some untold rule that you've made up in your mind. Despite the circlejerk of similarly pointless uptrusting you've enjoyed for doing this, it doesn't "bust scams" it busts the trust system, which just makes scams more likely.

120% is nothing special. If you have intention to pay back you will not loose anything apart what you did borrow plus interest. If you for some reason will have bad luck there is always way to get collateral back.

Its not wonga, if you need loan go ahead and try without collateral.

Sorry everyone, I think Shawn has a little crush on me.   

Hi All,

Here's a few things you should know about Vod:

Vod is a malishous liar on a massive ego trip. He has in anger ruined the accounts of many innocent and trusted members of this community using solicited feedback which he has gotten from some high feedback traders.
Vod refuses answer any questions for the basis of his feedback against me and other members and has even gone as far as to change his feedback against me several times to make it sound worse and worse as I have tried to get answers from him and hash out his reasoning for doing it.
He actually said that he had 'forgotten' what I had done (just two days after it happened) and starting trying to come up with other things to accuse me of.

Here's a great example of Vod getting caught in MULTIPLE lies with proof, then acting like a 10 year old child about it afterward, trying to dismiss everything he had done and then trying to change the subject to avoid answering up: https://bitcointalk.org/index.php?topic=704391.new#new

Make sure to read page 2 thoroughly.

I have been an upstanding member of this community with legit trades and positive trust. Vod took it upon himself to single handedly ruin my account over something he cannot even explain to anyone.

Unfortunately some members have been fooled by a guise he's used as a 'scam buster' which is nothing more than a ploy to gain this inner circle trust rating and use it for abusive purposes.

Ask yourself if I would bother to go this far and make this post if I was not injustly and malishously attacked by this nut job.

Moral of the story: Vod lies, has some mental issues going on and should not be trusted. Please take a minute and look for yourself, there's absolutely no need to take my word for it. He's made himself look guilty and foolish plenty. Please decide if you want to trust him or take his advice. I think that you will not want to after reading that thread.

Thanks.

Yep.

You're right.

Worthless.

Even if it is a risk free loan (which it isn't), interest is still charged as the lender has to give up the opportunity cost of BTC. Moreover if you don't like the terms of the loan don't accept it.

I made several loans last year and earlier this year. I have also worked on other loan proposals, including some bigger ones, that didn't happen for various reasons but those reasons did not include the need for appropriate overcollateralization.

The fact is that legitimate uses for lending in a online nearly-trustless environment are very limited, but they do exist. Scams and attempted scams outnumber the legitimate loans, that is for sure.

I still lend from time to time, but only if I have sufficient collateral.  Those are getting very rare.

It's more profitable to just sit on my coins and wait for the price to rise than to lend it out.

Yeah but who is actually lending anymore ? Except for newbies kind enough to ask for collateral first... cough cough.
Their isnt one or 2, probably one legit lender... This isn't 2012 anymore.. Its just scammer-vile from both sides.
Lending forum is a joke and should be shutdown.

The price of most alt coins is not stable in any regard. The additional amount above the amount of the loan is to protect the lender from price declines of the altcoin.

Yes there are scammers on both sides. However, the nature of lending is such that the lenders (people with a lot of excess capital/liquidity) tend to be consistently active for a long term period of time, so their reputations mean a lot more.

If you stick to the experienced lenders this will not be a problem.

Furthermore, on larger deals or if there is a question of lender trustworthiness the collateral can be held by a third party.

I gave a loan against LTC collateral a little while ago, so it does happen.

Was a very small loan though.

Plain wrong.
0% risk for the lender is mandatory, otherwise it is called gambling and appropriate interests should be applied.

I explained the need for overcollateralization (and for the record 120% isn't that much, when using illiquid and volatile assets as collateral, I would like to see more than 120%) here: