Topic: Apply for a $10 Loan--- COLLATERAL REQUIRED---- (Read 1535 times)

I could get a small pizza + delivery for that

Good Points. I will adjust this to put loan in BTC and I will also specify I will use coinbase's price.

Doing Loans in $ doesnt make much sense with BTC since surely the amount of BTC required to pay will change with the market, and also depends on whos value of you use.

1. Doesn't even propose sufficient collateral such as alt coins or tangible items
2. No Escrow
3. An bitcoin address can be changed, an identity cannot.
Yep, definitely makes sense.

They're not abusing anything. They're both respected parts of the community. You seem so sketchy it hurts. I would honestly negative rep you, but really, that's a hassle since I doubt anyone would deal with you.

Gambling most of the time.

still waiting for someone to tell me what they can do with a $10 loan ?
or is it to get more trust.. and eventually build up to a $15 loan :p ?

for better or worse, that's how the trust system works on this forum.
Senior trusted members have a lot of weight and others have little to none.

I guess they both thought your proposal is a tad on the sketchy side, and
honestly, I would have to agree.

Wow!? my trust is -11 just for wanting to do business? LMAO This is the exact opposite what bitcoin represents. This is no disrespect to the others that have given me constructive criticism. But for VOD and Tomatocage to give me negative feedback w/o doing ONE once of business with me is pure disgusting. Obviously, they feel threatened by my option. Before, I used to value the "trust" rating of [Suspicious link removed]. If people choose to do business with me and get my bitcoins by my rules, thats their choice, not VOD and Tomatocage's.

Please take a MOMENT to look at VOD's positive trust. He has been given positive results WITHOUT risking any bitcoins only EIGHT TIMES!!
Now look at VOD's NEGATIVE feedback that he has given. It's SEVEN MILES LONG!!! He gives negative feedback to EVERYONE!!!!

Don't TRUST VOD!! Look at the feedback yourself. Be cautious of ANYONE who only has received 8 positive feedback and hands out negative feedback at the blink of an eye!! DON't TRUST HIM!! His feedback shows how UNBALANCED he is!! Don't trust!!

Same goes with Tomatocage!! These two ABUSE the trust system for their own gains without ANY foundation!!

If I ever scammed ONE person for ONE RED cent, I would understand the negative feedback. NAME ONE PERON I HAVE SCAMMED VOD/Tomatocage!! You Can't. You two are going to drag this site DOWN with your unfounded abuse of the trust system!! I can tolerate skepticism and speculation. But giving me negative feedback based on thin air shows what type of character you have... ZERO. Zero logic. Zero facts. ZERO TRUST.

serious question.. what do people do with $10 worth of bitcoins ?
i always ask and no one can tell me

Best of luck to you.  The collateral your asking for seems a bit absurd to me for a $10 loan, not to mention the interest rates but who knows.  Crazier things have happened I suppose.

I'll evaluate the account they propose, and make a decision from there. But thanks for the heads up

Like I said, even if you're not a scammer, the only people who will do this are those that will give you worthless accounts and take the coins.

But hey, try it.

No, you'd be a untrusted member asking for accounts for collateral... Oh wait a second... Hmm. That sounds familiar. OH RIGHT.

Your account may be worth .2 btc to someone. But your account isn't worth .000000000001,  in any currency, to me. I don't want your facebook, bitcointalk or youtube account to keep. I'm just using it so I don't have to chase people down for my money. I just want my money. If you pay me back in 5 mins, that's cool. Get your account back. If I wanted to steal people's account, wouldn't I make a much sweeter offer?


I definitely won't scam. Hopefully this method scares the potential scammers away.

Prediction
You will either scam or get scammed.

You saying your trust worthy means nothing. My account is worth approx. .2BTC, just because of my Full Member status. That versus $10. You could easily sell my account, while I only get $10.

Yes. $10 may seem like a little bit for those of us who already have it. But people need what I have. And they will get it quick and easy. If this model works, meaning profitable, I will offer larger loans. But, at the beginning, I'm not going to offer $100 loans. I KNOW I"m trustworthy. I don't want accounts, I just want my money back + interest w/o chasing people around for my money. I don't have time for that.

Huge hassle for such a small amount, and then you have to pay back 150%...Seems a little too much for my taste.

Dude... think... who needs $10 worth of bitcoins?  Most people would need in the hundreds, unless it was a loan for trust.
I would be willing to lend trusted users $10 worth without a collateral, and they wouldn't have to show me their face
Newbie users aren't that stupid either xD