Legendary Account defaulted 60$ | Bitcointalksearch.org

JollyGood

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If the accounts are connected and controlled by a one person, that could explain a series of defaults if the one controlling the accounts is no longer able to access them for one reason or another. There is a possibility there could be something connected to (at least) some of the recent loan defaults. If it were a co-ordinated process to obtain loans from Shasan with the intent to never repay them, then there could be more loan requests from the same group.

I hope he will raise the bar and only give loans to members that fit a certain category beyond the current criteria he applies.

Quote from: JeromeTash on August 02, 2024, 04:58:57 PM

Seems to be the mode of operation lately. Shasan may have landed on a ring or farm of alt accounts whose owner just decided to exit the forum but before doing so, made sure he used the accounts to borrow the loans. So the person behind the accounts doesn't care about the amount of the defaulted loan that ends up ruining the account.

JeromeTash

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Quote from: examplens on August 02, 2024, 04:23:24 AM

Ever since I've known about this forum, there have always been forum accounts for sale. Taking a loan and then leaving the forum is probably a new way to sell an account. Although Legendary accounts have never been this cheap, only $60 Sad

Seems to be the mode of operation lately. Shasan may have landed on a ring or farm of alt accounts whose owner just decided to exit the forum but before doing so, made sure he used the accounts to borrow the loans. So the person behind the accounts doesn't care about the amount of the defaulted loan that ends up ruining the account.

examplens

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Quote from: dkbit98 on August 02, 2024, 01:19:55 AM

This type of scammers and loan defaulters usually have multiple accounts for doing this crap Tongue

I am not going to blindly trust any account just because it has legendary member status, and sadly loans have become high risk business in this forum.

Ever since I've known about this forum, there have always been forum accounts for sale. Taking a loan and then leaving the forum is probably a new way to sell an account. Although Legendary accounts have never been this cheap, only $60 Sad

dkbit98

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This type of scammers and loan defaulters usually have multiple accounts for doing this crap Tongue

I am not going to blindly trust any account just because it has legendary member status, and sadly loans have become high risk business in this forum.

Mate2237

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What some of you said are correct but the time of the loan and if the person was in campaign at the time of the loan can also be looked into. If the defaulter was in mixer and mixers stopped operation since January this and would not gave someone $60 for 5 months. And after the banned of mixers, which of the campaign was he working?

Because after the banned of mixers some campaign managers started to remove participants from their campaigns and replaced them with those mixer participants. So if someone was in those managers campaigns and you gave the person loan and the users was removed then it would be difficult for that person to repay the loan. So I advise that when you are giving loan to users check the campaign manager, the participant might be removed from the campaign with no cause.

JollyGood

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Quote from: shasan on July 26, 2024, 10:27:07 PM

What happened:: Loan Defaulted

This has happened over $60 therefore this is really bad. He was better off completing repayment terms rather than risk getting multiple tags for defaulting on the loan.

Quote from: albon on July 27, 2024, 11:59:11 AM

-------------------------------

Trust summary for goinmerry: https://bitcointalk.org/index.php?action=trust;u=525508
Trust summary for chaser15: https://bitcointalk.org/index.php?action=trust;u=523501
----------------------------------
He has now lost two high-ranked accounts here on BTT, and I do not know how many of them he has left. However, it is worth noting that he will continue his activities on Altcoinstalks as he has his legendary account Teleported there. I hope that the bounty managers running signature campaigns there will blacklist this member. In any case, I will support this flag now.

Well, this is welcomed news. At least keast this second known account also will never be able to get a loan but the strange is that the chaser15 account was last active on 1st April 2024 and the goinmerry account was last active on 30th April 2024. It seems pointless not to keep logging in and/or make the repayments on such a small loan. I am not giving him the benefit of any doubt but there is a possibility maybe the account operator is/was unable to login rather than scam for the sake of $60.

examplens

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Quote from: BitcoinGirl.Club on July 28, 2024, 05:58:42 AM

Quote from: Rikafip on July 28, 2024, 05:36:51 AM

At least this lack od due diligence didn't cost him too much and its another lesson to be learned for all those willing to lend the money.

To many lessons and all of them are overpaid for OP LOL. I think in the scam accusation board in the last few years Shasan is the one who has more scam accusations than anyone else. All of them scammed him in his lending business.

I got the impression that he actually tightened the conditions, now he has less tolerance for late or non-payment of debt. Hence the "often" case after case of loan defaulters.
Otherwise, there are not many lessons here, lending is a high-risk business, especially if it is without collateral. Other lenders like Darkstar also have unpaid loans. Likewise, there were cases where high-ranking users with built-up trust left with other people's money. So, the rule is that there are no rules.

BitcoinGirl.Club

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Quote from: Rikafip on July 28, 2024, 05:36:51 AM

At least this lack od due diligence didn't cost him too much and its another lesson to be learned for all those willing to lend the money.

To many lessons and all of them are overpaid for OP LOL. I think in the scam accusation board in the last few years Shasan is the one who has more scam accusations than anyone else. All of them scammed him in his lending business.

Quote from: LoyceMobile on July 28, 2024, 05:54:03 AM

You're like a charity for people who no longer care about their account....

Certainly this is not going to be the last one.

LoyceMobile

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LoyceV on the road. Or couch.

You're like a charity for people who no longer care about their account....

Rikafip

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Quote from: BitcoinGirl.Club on July 28, 2024, 05:12:52 AM

Why in the hell Shasan gave another loan to the person when he had an active loan of 0.01 BTC? Shasan is not doing his due diligences correctly that is why we are seeing so many people are just stealing with him from this business. Sad.

He explained in the first post that he wrongly assumed the loan has been repaid as it was from 2 years ago and Darkstar was away at the time so he thought he just didn't update the feedback.

At least this lack od due diligence didn't cost him too much and its another lesson to be learned for all those willing to lend the money.

BitcoinGirl.Club

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Quote from: Rikafip on July 28, 2024, 04:19:58 AM

Quote from: BitcoinGirl.Club on July 28, 2024, 04:14:43 AM

You mean $60 is too much to repay?

To some it may be, but that guy didn't disappear because of the $60 he owes Shasan, but because of the 0.01 BTC (at the moment ~$670) he owes Darkstar. And chances are that amount will keep increasing.

I was just checking his feedback page. Why in the hell Shasan gave another loan to the person when he had an active loan of 0.01 BTC? Shasan is not doing his due diligences correctly that is why we are seeing so many people are just stealing with him from this business. Sad.

ChiBitCTy

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Quote from: nutildah on July 28, 2024, 03:20:57 AM

Dang, I remember when that guy was an up-and-coming sig campaign manager. He actually beat me out for a spot when I offered to be a manager for a project way back when. Sorry to hear about it. On the bright side, at least it was only $60 this time.

Who knows what led him to want to abandon such a well-established account for so little; a mystery of life circumstance I suppose.

Messaged him 2 days ago and noticed the same (being MIA for some time). Was regarding his red trust w LuckyBit. He never removed it from their account which makes me believe he never was fully refunded by them, either. Dude’s been beat up a bit it surely would seem. He of course knew the risks but still. Non-collateral loans are something I would advise heavily against lol . I think I can count through all 10 fingers of good forum “friends” who vanished after taking loans from other , forum friends.

Respect tho if he did just say f it all and rode off in the ..sunset Huh

Rikafip

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Quote from: BitcoinGirl.Club on July 28, 2024, 04:14:43 AM

You mean $60 is too much to repay?

To some it may be, but that guy didn't disappear because of the $60 he owes Shasan, but because of the 0.01 BTC (at the moment ~$670) he owes Darkstar. And chances are that amount will keep increasing.

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

Quote from: Rikafip on July 27, 2024, 10:58:04 AM

It seems like the situation with loan defaulters is escalating as the Bitcoin price is going up. Which is unfortunately not a surprise.

You mean $60 is too much to repay?

Quote from: Charles-Tim on July 27, 2024, 04:03:41 PM

Quote from: BitcoinGirl.Club on July 27, 2024, 09:59:14 AM

You are making the community tired to support your flags LOL [Sorry, it is not funny though]

If you check my trust page, you will see that I love red tags. I am not tired of giving the bad ones negative trust.

You are having fun with the tags but in my case I am not much in such tagging business. Only when I see something obvious in front of me, I leave a feedback for it.

TheUltraElite

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So anyway, I applied as a merit source :)

One by one the loan defaults are coming out after years of waiting. No wonder Darkstar_ stopped giving out loans aka free money for these users out there back then.

Sorry to say this but @shasan's assessment has been poor in this case, an account which has been already late on a loan asking for another "quick" loan is very suspicious. But being a person of goodwill, they now have to bear this loss along with many other defaults.

Moreover they were running another account that was also accused of loan default. Undecided

Flag supported from my side.

nutildah

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Dang, I remember when that guy was an up-and-coming sig campaign manager. He actually beat me out for a spot when I offered to be a manager for a project way back when. Sorry to hear about it. On the bright side, at least it was only $60 this time.

Who knows what led him to want to abandon such a well-established account for so little; a mystery of life circumstance I suppose.

Rikafip

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Quote from: examplens on July 27, 2024, 06:16:31 PM

Rather, I would say that the smaller number of signature campaigns causes this problem. Loans were taken, with a repayment plan through the signature award. Now many are left without it, and as the number of campaigns keeps decreasing, it seems quite demotivating. I guess it's easier to just leave the debt and leave the forum.

Lack of signature campaigns and generally lower payrates certainly doesn't help and its affecting the lending market, but I wouldn't discard the bitcoin price going up as another big factor.

For example, when goinmerry took that 0.01 BTC loan (December 7th 2022), bitcoin price was ~17k while now its ~67k which means almost 300% increase, and since we are still early in the bull run chances are that bitcoin price will keep going up and it will get much harder to repay the loan. That's one of the reasons why I would get loan from someone from bitcointalk only if my life depends on it.

Poker Player

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Quote from: Fivestar4everMVP on July 27, 2024, 03:47:12 PM

Quote from: Charles-Tim on July 27, 2024, 05:01:41 AM

DarkStar_ left a neutral trust that he has an active loan which he has not paid. But you borrowed him another loan. Did you not see the neutral trust that DarkStar_ left him? I think you should not have borrowed him the loan. But that is just my opinion. I may be wrong and that is yours to decide.

There are wicked people in this life. I can see examples on this forum. Just like this person as an example. I do not think he is coming back. Sorry for the loss. Flag supported.

Well, op said he thought that the user has or had already repaid the loan of Darkstar, or was going to repay; and this is why he possibly decided to loan him another.

I get the feeling that DarkStar_ disappeared from the forum without finishing collecting the loans owed to him as a preventive measure after what happened with CM. After all he was the manager for many years. He didn't disappear immediately after but I think it's not a coincidence.

examplens

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Quote from: Rikafip on July 27, 2024, 10:58:04 AM

It seems like the situation with loan defaulters is escalating as the Bitcoin price is going up. Which is unfortunately not a surprise.

Sorry for your loss, Shasan. However, I do think there's a lesson to be learned here, such as not giving a loan to someone who already has a significant active loan from another member.

Rather, I would say that the smaller number of signature campaigns causes this problem. Loans were taken, with a repayment plan through the signature award. Now many are left without it, and as the number of campaigns keeps decreasing, it seems quite demotivating. I guess it's easier to just leave the debt and leave the forum.

Charles-Tim

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Quote from: BitcoinGirl.Club on July 27, 2024, 09:59:14 AM

You are making the community tired to support your flags LOL [Sorry, it is not funny though]

If you check my trust page, you will see that I love red tags. I am not tired of giving the bad ones negative trust.

Quote from: Rikafip on July 27, 2024, 10:58:04 AM

It seems like the situation with loan defaulters is escalating as the Bitcoin price is going up. Which is unfortunately not a surprise.

When mixers were banned, signature campaigns reduced and payment also reduced which one of the reasons. But some people just got bad mind in a way they may later have the money but they will not pay because they have abandoned their account. It is even possible some may have alts.

Quote from: Rikafip on July 27, 2024, 10:58:04 AM

Sorry for your loss, Shasan. However, I do think there's a lesson to be learned here, such as not giving a loan to someone who already has a significant active loan from another member.

Also this is part of what I posted and which is a good idea but he thought that he has paid Darkstar_ loan. The borrower can also lied to him that he has paid the loan but which is a lie. What I j think about this is that shasan should not have borrowed him the money unless he confirmed it to be true from Darkstar_.

Topic: Legendary Account defaulted 60$ (Read 404 times)