I need a loan | Bitcointalksearch.org

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: Yamato no Orochi on August 14, 2015, 05:40:58 PM

I'm still not sure if I fully agree with you because I think BTCBLOGGER just left the feedback without noticing that the original owner included a collateral which is his account that have 112 potential activity at the time, but I realize that arguing about this all day is not worth it.
so let's agree to disagree.

I have no problem with that. World would be boring if we all agreed on everything. Grin

Yamato no Orochi

full member

Activity: 120

Merit: 100

HYPOCRISY!

I'm still not sure if I fully agree with you because I think BTCBLOGGER just left the feedback without noticing that the original owner included a collateral which is his account that have 112 potential activity at the time, but I realize that arguing about this all day is not worth it.
so let's agree to disagree.

guitarplinker

legendary

Activity: 1694

Merit: 1024

Quote from: KWH on August 14, 2015, 05:13:20 PM

Because the previous owner defaulted on a loan. What if he wasn't the actual owner but was hacked and he recovers the account from you? You do know there has been a few hacks as of late as well as the constant barrage of malware?
The point is: You took this risk of losing your coin.

Usually this problem can be prevented if the account owner provides a signed message to the loaner, stating that the account is being used as collateral. However looking through the post history on the ThomM account, there wasn't an address posted until July 21st, 2015 which was after the database hack, but before the Fastminer malware started showing up here. So that's definitely a grey area, but if the loaner can get a signed message from a post a few months old, then there should be no worries about the account being recovered from the original owner.

I think leaving neutral trust ratings on defaulted accounts is fair, but I wouldn't agree with negatives. Neutral ratings help just as well as negatives for tracking ownership of the account, but by giving negative trust you basically screw the lender over and they can kiss away any chance of recovering some of their losses, and I don't think they deserve that.

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: Yamato no Orochi on August 14, 2015, 05:00:13 PM

Quote from: KWH on August 14, 2015, 04:34:07 PM

Quote from: Yamato no Orochi on August 14, 2015, 03:38:30 PM

Quote from: KWH on August 14, 2015, 03:16:15 PM

Quote from: ThomM on August 14, 2015, 02:57:48 PM

whatever. I'll keep doing what I think is right.

if anyone thinks that I'm hurting anyone other than myself by giving out loans, feel free to open a thread somewhere telling me to stop. maybe in scam accusation.

By giving out the risky loans to low activity accounts, you will increase the chances of a loan then a default. Basically selling you the account via a loan. Why not buy the account instead of "lend" only to foreclose on the collateral later, add some useless posts and resell later?
The Lending section will slowly fill with these types of "loans". Also, this could lead to more Trust padding.
Marking these defaults helps keep track of who sold what to whom. We already have enough confusion on TX ID's from often sold accounts.
While you make some dust from these accounts, in general, it actually hurts the community in the long run.
But this is just my opinion.

please enlighten me how it hurts the community and why should the account collateral be marked with negative rep after the original owner defaulted and the ownership transferred to me.
and why shouldn't we give loans to people with their low activity account as collateral instead of buying it when we don't want the account?

Already been mostly explained.

I don't think the lending section will slowly fill with these types of loans because most people will just sell/auction those accounts for a larger price than 0.01BTC and there's nothing stopping them from doing that.
marking defaults sure does helps keep track of things but why should it be marked with negative rep and not just neutral?

Because the previous owner defaulted on a loan. What if he wasn't the actual owner but was hacked and he recovers the account from you? You do know there has been a few hacks as of late as well as the constant barrage of malware?
The point is: You took this risk of losing your coin.

All that being said, I normally leave a Neutral for a sold/bought account unless it already had a Negative from me and as already discussed, the account does have a previous Negative although that person's Trust is messed up. "Asking loan without proper collateral i doubt he has any intention of repaying."
It's kind of a gray area and I do understand your side of it and why I changed it to a Neutral.

Yamato no Orochi

full member

Activity: 120

Merit: 100

HYPOCRISY!

Quote from: KWH on August 14, 2015, 04:34:07 PM

Quote from: Yamato no Orochi on August 14, 2015, 03:38:30 PM

Quote from: KWH on August 14, 2015, 03:16:15 PM

Quote from: ThomM on August 14, 2015, 02:57:48 PM

whatever. I'll keep doing what I think is right.

if anyone thinks that I'm hurting anyone other than myself by giving out loans, feel free to open a thread somewhere telling me to stop. maybe in scam accusation.

By giving out the risky loans to low activity accounts, you will increase the chances of a loan then a default. Basically selling you the account via a loan. Why not buy the account instead of "lend" only to foreclose on the collateral later, add some useless posts and resell later?
The Lending section will slowly fill with these types of "loans". Also, this could lead to more Trust padding.
Marking these defaults helps keep track of who sold what to whom. We already have enough confusion on TX ID's from often sold accounts.
While you make some dust from these accounts, in general, it actually hurts the community in the long run.
But this is just my opinion.

please enlighten me how it hurts the community and why should the account collateral be marked with negative rep after the original owner defaulted and the ownership transferred to me.
and why shouldn't we give loans to people with their low activity account as collateral instead of buying it when we don't want the account?

Already been mostly explained.

I don't think the lending section will slowly fill with these types of loans because most people will just sell/auction those accounts for a larger price than 0.01BTC and there's nothing stopping them from doing that.
marking defaults sure does helps keep track of things but why should it be marked with negative rep and not just neutral?

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: Yamato no Orochi on August 14, 2015, 03:38:30 PM

Quote from: KWH on August 14, 2015, 03:16:15 PM

Quote from: ThomM on August 14, 2015, 02:57:48 PM

whatever. I'll keep doing what I think is right.

if anyone thinks that I'm hurting anyone other than myself by giving out loans, feel free to open a thread somewhere telling me to stop. maybe in scam accusation.

By giving out the risky loans to low activity accounts, you will increase the chances of a loan then a default. Basically selling you the account via a loan. Why not buy the account instead of "lend" only to foreclose on the collateral later, add some useless posts and resell later?
The Lending section will slowly fill with these types of "loans". Also, this could lead to more Trust padding.
Marking these defaults helps keep track of who sold what to whom. We already have enough confusion on TX ID's from often sold accounts.
While you make some dust from these accounts, in general, it actually hurts the community in the long run.
But this is just my opinion.

please enlighten me how it hurts the community and why should the account collateral be marked with negative rep after the original owner defaulted and the ownership transferred to me.
and why shouldn't we give loans to people with their low activity account as collateral instead of buying it when we don't want the account?

Already been mostly explained.

Yamato no Orochi

full member

Activity: 120

Merit: 100

HYPOCRISY!

Quote from: KWH on August 14, 2015, 03:16:15 PM

Quote from: ThomM on August 14, 2015, 02:57:48 PM

whatever. I'll keep doing what I think is right.

if anyone thinks that I'm hurting anyone other than myself by giving out loans, feel free to open a thread somewhere telling me to stop. maybe in scam accusation.

By giving out the risky loans to low activity accounts, you will increase the chances of a loan then a default. Basically selling you the account via a loan. Why not buy the account instead of "lend" only to foreclose on the collateral later, add some useless posts and resell later?
The Lending section will slowly fill with these types of "loans". Also, this could lead to more Trust padding.
Marking these defaults helps keep track of who sold what to whom. We already have enough confusion on TX ID's from often sold accounts.
While you make some dust from these accounts, in general, it actually hurts the community in the long run.
But this is just my opinion.

please enlighten me how it hurts the community and why should the account collateral be marked with negative rep after the original owner defaulted and the ownership transferred to me.
and why shouldn't we give loans to people with their low activity account as collateral instead of buying it when we don't want the account? I am well aware of the risks involved, by the way.

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: ThomM on August 14, 2015, 02:57:48 PM

whatever. I'll keep doing what I think is right.

if anyone thinks that I'm hurting anyone other than myself by giving out loans, feel free to open a thread somewhere telling me to stop. maybe in scam accusation.

By giving out the risky loans to low activity accounts, you will increase the chances of a loan then a default. Basically selling you the account via a loan. Why not buy the account instead of "lend" only to foreclose on the collateral later, add some useless posts and resell later?
The Lending section will slowly fill with these types of "loans". Also, this could lead to more Trust padding.
Marking these defaults helps keep track of who sold what to whom. We already have enough confusion on TX ID's from often sold accounts.
While you make some dust from these accounts, in general, it actually hurts the community in the long run.
But this is just my opinion.

ThomM

newbie

Activity: 52

Merit: 0

whatever. I'll keep doing what I think is right.

if anyone thinks that I'm hurting anyone other than myself by giving out loans, feel free to open a thread somewhere telling me to stop. maybe in scam accusation.

ajrah

sr. member

Activity: 350

Merit: 250

Jr Member accounts nowadays are the new newbie accounts that asks for loans and defaults. I think this is the 2nd for this week a Jr member failed to pay

Yamato no Orochi

full member

Activity: 120

Merit: 100

HYPOCRISY!

Quote from: guitarplinker on August 14, 2015, 12:46:35 PM

Quote from: Yamato no Orochi on August 14, 2015, 12:42:01 PM

so he switched it to neutral. stating that the account is currently is in my possession. can I still sell it when it have my name on it? will using trusted escrow so they can vouch for me in case anything bad happens help?

Yeah I don't think you'd have any issues selling the account now, but I wouldn't expect KWH to remove that neutral rating. As for using an escrow, I'd recommend to do so. A trusted escrow should be able to mediate any disagreements that come up during the transaction, so you should be covered pretty well if the other party makes a claim against you.

ok thanks.
but I still think this is ridiculous because KWH said he won't be switching his rating to neutral the next time I give a risky loan. how the fuck am I supposed to know which one is risky and which one is not when he's the one deciding it?

guitarplinker

legendary

Activity: 1694

Merit: 1024

Quote from: Yamato no Orochi on August 14, 2015, 12:42:01 PM

so he switched it to neutral. stating that the account is currently is in my possession. can I still sell it when it have my name on it? will using trusted escrow so they can vouch for me in case anything bad happens help?

Yeah I don't think you'd have any issues selling the account now, but I wouldn't expect KWH to remove that neutral rating. As for using an escrow, I'd recommend to do so. A trusted escrow should be able to mediate any disagreements that come up during the transaction, so you should be covered pretty well if the other party makes a claim against you.

Yamato no Orochi

full member

Activity: 120

Merit: 100

HYPOCRISY!

so he switched it to neutral. stating that the account is currently is in my possession. can I still sell it when it have my name on it? will using trusted escrow so they can vouch for me in case anything bad happens help?

guitarplinker

legendary

Activity: 1694

Merit: 1024

Quote from: el kaka22 on August 14, 2015, 09:53:46 AM

Quote from: Yamato no Orochi on August 14, 2015, 07:09:58 AM

loan defaulted.
I'll be taking the collateral.

I think you may recover the amount, because I've checked the account on some activity calculator website, and the account have 126 potential activity (i.e. potential Full Member). You may sell it for a even better price at about 0.05BTC if you make it a Full Member by posting.

If you can convince KWH to remove the negative trust he left on the account (which I suspect he would, since the loaner is in control of the account) then the account would have some value, but right now with a red flair the account is worth basically nothing.

el kaka22

legendary

Activity: 3542

Merit: 1162

www.Crypto.Games: Multiple coins, multiple games

Quote from: Yamato no Orochi on August 14, 2015, 07:09:58 AM

loan defaulted.
I'll be taking the collateral.

I think you may recover the amount, because I've checked the account on some activity calculator website, and the account have 126 potential activity (i.e. potential Full Member). You may sell it for a even better price at about 0.05BTC if you make it a Full Member by posting.

Yamato no Orochi

full member

Activity: 120

Merit: 100

HYPOCRISY!

loan defaulted.
I'll be taking the collateral.

Yamato no Orochi

full member

Activity: 120

Merit: 100

HYPOCRISY!

I am in control of the collateral. loan sent to the address 188WfeDNrdovFYbpxUbSJfVjCa3SQbpQKK
https://blockchain.info/tx/9c3c11e1273a41e41f473c7a16d4d01e0205b8d78a3042ce90dcbb02ee6263c1

please repay 0.012BTC to 1EV1LkwqaZWzrXi38zGvxhDF6EsrLVYJEz on or before August 11th, 2015.

shane

hero member

Activity: 756

Merit: 503

Quote from: ThomM on August 04, 2015, 07:57:41 AM

That will have to do. Send it over to188WfeDNrdovFYbpxUbSJfVjCa3SQbpQKK

Quote from: shane on July 30, 2015, 03:31:27 AM

Quote from: letyouearn on July 30, 2015, 01:31:23 AM

Quote from: shane on July 30, 2015, 12:29:13 AM

Quote from: ThomM on July 29, 2015, 03:19:39 AM

I need a loan of 0.03
I will give back 0.035 after a week
I don't have any collateral except this account.
The reason is that I need to renew my host

We can negotiate

for Jr member i can give you 0.005 LOAN only with collateral
i need your acc to collateral

Be aware while giving loan to junior member. What is the guarantee that he will repay and take his junior member account back. Also, junior members accounts are not much worth and no one buy it. Most of the peoples prefer to buy high rank accounts only.

Thank's for your suggestion i see his account is potential to get member/FM that why i will acept it if he want
I will increase amount 0.01BTC you can repay 0.013

i can't give you 0.03

please look at my point i need your account to collateral if you can't give him i can't give you LOAN

Yamato no Orochi

full member

Activity: 120

Merit: 100

HYPOCRISY!

a mod deleted the other thread. Tongue

so I'll repeat what I said there here.

I'm giving a loan of 0.01BTC with 0.002BTC interest to ThomM as was discussed by PM. waiting for confirmation and the collateral.

DaddyMonsi

legendary

Activity: 1344

Merit: 1006

I think you need to close/lock this thread OP since someone is helping you out from another thread (https://bitcointalksearch.org/topic/--1143289) you created.

Topic: I need a loan (Read 1537 times)