Bitcoin Lending - Becoming a lender. - page 2.

sbtctalk

sr. member

Activity: 266

Merit: 250

Quote from: enhu on December 25, 2015, 06:57:40 AM

That is a very simple collateral concept actually so if the loanee has not paid, the lender can have his account and maybe sell it if its in their agreed terms.
and yes you can reset any accounts on the internet be it a social media account like facebook or twitter, this includes forum accounts.

Yes. If the loanee could play punk and reset his account through registered e-mail, then what is the point of using bitcointalk account as collateral?

enhu

legendary

Activity: 2492

Merit: 1018

That is a very simple collateral concept actually so if the loanee has not paid, the lender can have his account and maybe sell it if its in their agreed terms.
and yes you can reset any accounts on the internet be it a social media account like facebook or twitter, this includes forum accounts.

sbtctalk

sr. member

Activity: 266

Merit: 250

I do not understand the concept of escrowing a Bitcointalk forum accoun, or asking loanee to use his or her bitcointalk account as a collateral.

Can't the loanee simply reset his bitcointalk account password through their registered email with Bitcointalk?

Topic: Bitcoin Lending - Becoming a lender. - page 2. (Read 1337 times)