How to provide a collateral? | Bitcointalksearch.org

bill gator

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Quote from: zazarb on November 13, 2015, 02:24:52 PM

Quote from: bobmarley650 on November 13, 2015, 01:47:05 PM

For example i have 2 BTCs in my bitstamp account. am i going to take a screenshot?

just little confused, if you have 2btc , that why you need loan? unless you account suspended and fund not withdrawable.
in that case it worthless as collateral

Ergo he has to use an old screen-shot or a skewed perspective screenshot of his bitstamp account in order to provide "collateral" .

This collateral is like showing a thirsty person in the dessert a picture of a water bottle and telling them you promise you have water, but all you can show is the picture.

zazarb

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Quote from: bobmarley650 on November 13, 2015, 01:47:05 PM

For example i have 2 BTCs in my bitstamp account. am i going to take a screenshot?

just little confused, if you have 2btc , that why you need loan? unless you account suspended and fund not withdrawable.
in that case it worthless as collateral

bill gator

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Quote from: bobmarley650 on November 13, 2015, 01:47:05 PM

For example i have 2 BTCs in my bitstamp account. am i going to take a screenshot?

Take a look at this thread in reference to valid collateral : https://bitcointalksearch.org/topic/edu-the-rule-of-no-collateral-no-loan-ignore-at-your-own-risk-577765

It is pretty thoroughly explained, and if you have more questions they should probably be directed to the Meta section.

A screenshot would almost never be considered valid collateral under any circumstance.

bobmarley650

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For example i have 2 BTCs in my bitstamp account. am i going to take a screenshot?

Topic: How to provide a collateral? (Read 421 times)