Topic: Closed - - page 2. (Read 1354 times)
Well you should still provide another form of collateral. You should also list these domains you claim to be worth so much as well so users can decide for themselves if they worth that much.
Okay Folks... lowering the loan amount even more so now the collateral amount is at 500%
Still looking folks...
Hey Folks,
Loan amount has been reduced thanks to some other funds coming in. I have kept the collateral amount the same even though I reduced the required loan amount.
Loan amount has been reduced thanks to some other funds coming in. I have kept the collateral amount the same even though I reduced the required loan amount.
Hi Magneto
Thank you very much for the consideration, much appreciated.
I am sending you a PM now
Thank you very much for the consideration, much appreciated.
I am sending you a PM now
I'd definitely be able to lend you this amount if you were open to discussion for the collateral to be something else. I have no previous experience with domain names and i'd rather not take the risk with it.
I've seen other lenders talk about domain names being able to be recovered even if the actual domain is transferred through social engineering. While i have no idea how this can be done, again, there is a reason why people talk about it.
Anyways, would you PM me the list of domains you've got? Just to see if they're of value or not.
I've seen other lenders talk about domain names being able to be recovered even if the actual domain is transferred through social engineering. While i have no idea how this can be done, again, there is a reason why people talk about it.
Anyways, would you PM me the list of domains you've got? Just to see if they're of value or not.
@Magneto
I totally agree mate, domain names do not enjoy the same liquidity as altcoins. As a domainer, this is one of the biggest obstacles to holding a big portfolio of good domains. Sure, some domains are more liquid than others but essentially you are correct that they can not offer the same amount of liquidity as altcoins.
The reason I am offering collateral that is so much higher than the loan amount is mainly to make up for the lack of liquidity.
With regards to the loopholes of recovering domains used as collateral this won't be an issue at all, reason being is that I am offering to transfer the domains to the lender, in other words, I will be transferring ownership of these domains to them. Once the loan is fully paid they can then transfer the domains back to me... This is why I mentioned I need to deal with a member who has some history because it does leave me rather exposed.
Hope this helps clarify my position.
I totally agree mate, domain names do not enjoy the same liquidity as altcoins. As a domainer, this is one of the biggest obstacles to holding a big portfolio of good domains. Sure, some domains are more liquid than others but essentially you are correct that they can not offer the same amount of liquidity as altcoins.
The reason I am offering collateral that is so much higher than the loan amount is mainly to make up for the lack of liquidity.
With regards to the loopholes of recovering domains used as collateral this won't be an issue at all, reason being is that I am offering to transfer the domains to the lender, in other words, I will be transferring ownership of these domains to them. Once the loan is fully paid they can then transfer the domains back to me... This is why I mentioned I need to deal with a member who has some history because it does leave me rather exposed.
Hope this helps clarify my position.
The problem here isn't really the selling collateral that he's trying to get a loan for or whatever. As long as the collateral is valid, then i really don't see a problem with accepting that collateral even when it's trying to be sold.
But domains are more illiquid than altcoins/gold/silver, and i think you as a domain trader would agree with that.
Therefore it is not really a valid collateral, especially since domain names are not a decentralized thing and there are always loopholes such as SE to recover domain names that are being offered as collateral.
But domains are more illiquid than altcoins/gold/silver, and i think you as a domain trader would agree with that.
Therefore it is not really a valid collateral, especially since domain names are not a decentralized thing and there are always loopholes such as SE to recover domain names that are being offered as collateral.
Closed - Loan not required anymore
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