I lost around 0.40BTC even on B graded loans on bitbond: I will never use those platforms again.
I think it's better to start a lending thread here and make our own rules: I supposed (and I was wrong) that being on that platoform could have been better.
I think it's better to start a lending thread here and make our own rules: I supposed (and I was wrong) that being on that platoform could have been better.
Yes, there are obvious risks involved with lending to users on the mentioned sites. However, the same thing could happen on the forums. Unless someone is better at verifying users information than the sites, I say stick to the sites.
Example: Someone on the forums is from India. I am American. I have no clue what to look for if someone sends me a fake ID, or other documents from that country. I am certainly not going to trust that person just because they have a hero account or similar. Especially seeing is how bitcointalk allows people to sell/transfer them. Now, if they were already signed up with a lending site, that verified as much of their information as possible, I will be much more inclined to invest with that person. Sure, there is still a chance the site gets fooled, but I also would not be investing a ridiculous amount.
You are correct though about making your own rules. As long as they are strict enough, you could easily guarantee no defaults, and/or at least breaking even.
General rule when giving loans to strangers (or even friends). Never give out more than you would be willing to lose at a craps table. Pretend that money never existed, and if it comes back to you with interest, smile
Yes pal, well said!
There is nothing like zero risk around here therefore is always necessary to consider all the different variables when doing something like that and I'll say to everybody to take all the necessary means before doing it!
