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

Sign a message with an address that holds more than $100 worth of BTC.

If people have alt coins, and use them as collateral, thats great. This is for people who want to get their hands on bitcoins FAST, and QUICK. And I'll get paid back in 72 hours. If anyone doesn't want to use their account as collateral, then thats cool. If so, I'm the man. Again, it's $10 loans.

I'll use a trusted escrow, and the borrower would still need to create a youtube account asking for $10 and holding up the qr code to their bitcoin address, and the way they will pay me back in 72 hours.

Any collateral/accounts should be held by a trusted escrow. I would highly suggest you choose this as your business model at least until you get Trust built up.

Well, what makes your loaning topic better than the other ones?  
https://bitcointalksearch.org/topic/offering-loans-5month-632483
https://bitcointalksearch.org/topic/offering-interest-free-microloans-with-and-without-collateral-615298
https://bitcointalksearch.org/topic/offering-loans-up-to-1-btc-629877

So, we offer loans WITH COLLATERAL REQUIRED.  Our rates are about 100x better than yours, and we have more trust  Did I mention a much bigger loan amount as well?

I understand that you may be new here, but I suggest you at least offer competitive terms and prices with the other microloan topics. 

Cheers!

I wouldnt recommend anyone to do this. Its a really high risk to give him your accounts for a (10$!) Bitcoin loan.

He didnt even prove that he got the 100$BTC.

Another point is that hes still a Newbie in this forum.

that video wasnt from my loaning thread btw...just decided to loan to him...

anyway since you are new, i agree you should at least prove the $100 balance by signing a message

Did you miss my previous question?
Please sign a message coming from the address with more than $100 worth of BTC in it.

when lenders lend without any collateral, I'm noticing yall aren't getting paid back and are chasing the borrowers. Obviously, I won't need to chase them. Hope, it doesn't come to that.

Hey. You need to use better collateral too. I noticed how you weren't paid back fully by that one user. If you use this method, that may have prevented that. But we live and we learn, right?

my loaning thread requires videos but you dont need to turn your account over to me.

my guess is he is trying to fish for account information, like your password for this forum or email passwords to steal accounts.

Just what it looks like to me.

Definitely, acting professional is the way to go on here.
I'll never ask for loans, but if I were to, I'd go with GBattaglia as the loan provider 100 times before going once with yourfirstbtc to be honest.

https://bitcointalksearch.org/topic/fast-reasonable-no-collateral-low-interest-loans-636191

Yeah. I don't know why people think that professionalism and a mature manner means nothing in this digital age.
If they don't mean "shit" to you, then why are you asking for them? They obviously mean something to you.

Proof that you have $100 in a hot wallet?

You muthafuckin right!! You need to put up a youtube video to get my bitcoins. Your accounts don't mean shit to me. The quicker you pay me back, the quicker you can have your accounts back! Take it or leave, pal

Wow, this is rather ridiculous. For $10 such accounts are put at risk and you still want the Youtube video hassle?
There are better options out there.

I agree. Always be cautious and use common sense.

Use caution guys, brand new user offering microloans. Asking for accounts as collateral.

I have about $100 of btc in my hot wallet. I want to make some money. I'm going to experiment with making 10 micro-loans of $10.

You must pay me back $15 in 3 days. I need to be paid back in bitcoins or CASH.

Collateral I accept:
You must pm me your online accounts, such as facebook page, youtube channel, instagram, and twitter accounts, whichever are applicable. Once I gauge your reputation, you'll need to give me access to the accounts I ask for. I will control the account(s) until my loan is repaid.

In addition, you must make a youtube account (different from the one you already have) and post a video of YOU asking for $10 with your bitcoin qr code.
Send me the account name and password of the new youtube account, and recovery e-mail account.

I will send you the funds immediately after I have secured your account(s) and the youtube video has been posted.

Send repayments in bitcoins to : 1DvWR7S8k5TVfqp3jstskLjvBw6MY8khbF
Send payments in Cash to: Will be given after posting asking in youtube video.



This is the fastest and easiest way to get your first bitcoin.

To protect yourself from me, if you mail me the cash, have a transaction number. Let me know if you have any questions. If this isn't for you, it's ok. This is an experiement, it might fail, it might not. Again, lets communicate and avoid any issues.

Edit: LISTEN.. LISTEN... EVERYONE! I am here to help you get your hands on bitcoins. Obviously, you need to use common sense. Don't hand over an account worth $1000 for a $10 72 hour loan in btc. Its good to have some skepticism. But don't slander me saying I'm going to keep your account, passwords, etc. They don't mean anything to me.. UNLESS I'm not paid in full. But, hopefully, we wont get to that point, right?

If you don't feel comfortable doing business with me, thats understandable. And you can seek bitcoins elsewhere. I'm here to make a profit. Not keep facebook and youtube accounts