Topic: Lending money = DT Trust? (Read 614 times)
Imma lock this thread now. Thank you for the answers. It seems that I'm already satisfied to know what I should really know.
My only trust feedback with 0.12 BTC risked is to Ggddtt, who I accidentally sent 0.12BTC extra when selling their collateral and returning the excess to them.
I think your feedback was legitimate on this case. Likely borrower was a newbie or Jr. member that time when you sent extra btc and he/she could simply skip with your fund if he want. Account was not higher value from 0.12BTC, and I don't think this is a small amount. So borrower showed his/her honesty by returning extra fund. So obviously a positive trust is appropriate in that kind of case(IMO). 
If you're looking to farm trust, easiest way would probably be going to the collectibles section and buying/selling a bunch of stuff.
Even better: use a DT-escrow when buying from a DT-member, I found a user yesterday (sorry, I didn't keep the link) who received positive feedback from both for one transaction.
Do not just get into lending if your end game is to have a high trust score, based on positive feedback, by targeting DT.
Now if you want to be a lender go for it. Learn to read peoples feedback, and take heed of the lessons many lenders have learned before you.
In regards to feedback in general. Figure out what works for you and run with it. I never banked on being any part of the DT network and maybe someday I won't be; who knows? I'm no high roller so if I have a deal that goes well with good communication and no sketchy shit, it's a positive experience for me and they will probably receive a positive feedback for this. If I get screwed over or attempted then it's a negative experience, you can probably see where I am going with this.
In this regard I say let the trust score not the amount of positive feedback received be the signal, as one needs time to cement it's legitimacy.
Pardon my preachy.
Now if you want to be a lender go for it. Learn to read peoples feedback, and take heed of the lessons many lenders have learned before you.
In regards to feedback in general. Figure out what works for you and run with it. I never banked on being any part of the DT network and maybe someday I won't be; who knows? I'm no high roller so if I have a deal that goes well with good communication and no sketchy shit, it's a positive experience for me and they will probably receive a positive feedback for this. If I get screwed over or attempted then it's a negative experience, you can probably see where I am going with this.
In this regard I say let the trust score not the amount of positive feedback received be the signal, as one needs time to cement it's legitimacy.
Pardon my preachy.
As far as I know, DarkStar is one of such lenders who leaves positive feedback for loans of small amounts such as 0.12 BTC. You can check their trust-list here: https://bitcointalk.org/index.php?action=trust;u=507936 I'm not against it or anything but simply shows how the lending system can be used to farm trust.
My only trust feedback with 0.12 BTC risked is to Ggddtt, who I accidentally sent 0.12BTC extra when selling their collateral and returning the excess to them. They returned the extra even though they could have ran off with the money very easily. I wouldn't count on this to get DT feedback
0.12BTC ≈ $780 USD. If $700-800 USD counts as small, what amount do you consider large? I've been only leaving positive feedback for loans where I risk a large amount for the most part, and $700 USD is pretty big to me.
If you're looking to farm trust, easiest way would probably be going to the collectibles section and buying/selling a bunch of stuff.
My Opinion, neither the lender nor borrower deserve positive trust feedback. The borrowers doesn't deserve positive feedbacks because he/she isn't risking anything and for the lenders, they too don't deserve positive feedback because they're not riskier anything. The rules of the lending board says they should request for collateral so if they decide not to request for that it's all on them. In the eyes of the forum you aren't risking anything as you're supposed to have the collateral to cover up the expenses in case of loan default.
So when you say "Lending money = DT Trust?" My answer is NO
So when you say "Lending money = DT Trust?" My answer is NO
Most of the borrowers won't leave you a positive , so it is a clear NO NO here.
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My Opinion, neither the lender nor borrower deserve positive trust feedback. The borrowers doesn't deserve positive feedbacks because he/she isn't risking anything and for the lenders, they too don't deserve positive feedback because they're not riskier anything. The rules of the lending board says they should request for collateral so if they decide not to request for that it's all on them. In the eyes of the forum you aren't risking anything as you're supposed to have the collateral to cover up the expenses in case of loan default.
So when you say "Lending money = DT Trust?" My answer is NO
So when you say "Lending money = DT Trust?" My answer is NO
I certainly wish that were the case. However, I only risked what I thought that I could afford into BTC (which was a really puny amount), and made some poor choices on shit coins. So I am not rich. Too late to go back to late 2014 & 2015 to go balls deep. Also too late to go back in time and go balls deep in 2009 through 2011.
However, with the rates people usually charge for a BTC loan, I haven't personally taken a BTC loan. Also, I have never run out of BTC, so there is no need on my part.
I made some stupid mistakes back in the days hence my bag is not too big but again I do not regret at all for all these. In Bitcoin there should not be any regret. Every spend you do, you are contributing to the network. So I am happy about my current position.
Don't want to point out any individuals,you can find some threads on lending section by DT members who almost leave positive for most of their completed deals.
Being new to the lending game, this is actually something I've been struggling with. I don't want to come off as a trust abuser, that's not my intention at all. So, I'm taking a case by case approach to leaving positive reviews for my borrowers. The value of the loan is only part of the equation, and the borrower's history is another part.
Also, if I give a loan without collateral, that obviously requires trust, and once it's paid back I believe a positive review is justified. Like hilariousetc said, we need to consider the reviews for any user for what they are worth. Risked BTC is included in the review for a reason.
I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?
To be honest, its become very cheap way to get positive feedback's. Even I have seen few newbie with multiple feedback's from lenders. If you take loan for get positive feedback's then it would consider as trust trading. Do DT1 members need to borrow money?
Depends on situation, but it doesn't mean a DT should leave positive feedback for that. My thought about lending trust is,
If someone give non-collateral to any DT members then lender doesn't deserve positive feedback's. In that case lender would leave positive feedback to DT members. But leaving positive feedback's just for single transaction is really shady behavior (DT or non DT). Because basically DT was not on at risk. Positive feedback with risk would be appropriate, but its depend on situation.
Getting loan from DT with collateral doesn't deserve positive feedback unless there is risk involve any way. Even I am not agree with leave positive feedback's with small none collateral loan just for single deal.
On the other hand, most of positive trust has been left for trading on forum. Very less DT members left positive feedback for contribution or trustworthy behavior although its not related with trust but its true.
As far as I know, DarkStar is one of such lenders who leaves positive feedback for loans of small amounts such as 0.12 BTC. You can check their trust-list here: https://bitcointalk.org/index.php?action=trust;u=507936 I'm not against it or anything but simply shows how the lending system can be used to farm trust.
you are a fuking snitch ass bitch
you are a fuking snitch ass bitch
Do DT1 members need to borrow money?
You are saying all who are in DT1 are filthy rich? 😜I think it depends on someone's financial status.
I certainly wish that were the case. However, I only risked what I thought that I could afford into BTC (which was a really puny amount), and made some poor choices on shit coins. So I am not rich. Too late to go back to late 2014 & 2015 to go balls deep. Also too late to go back in time and go balls deep in 2009 through 2011.
However, with the rates people usually charge for a BTC loan, I haven't personally taken a BTC loan. Also, I have never run out of BTC, so there is no need on my part.
Do DT1 members need to borrow money?
You are saying all who are in DT1 are filthy rich? 😜I think it depends on someone's financial status.
it means that I could get a positive trust easily?
Trust farming?
From which DT members?
Even Hhampuz once pointed out this issue from collectibles section where people voluntarily asking for positive trust once trade done.
You cant put dollar values on what is considered worth leaving a trust rating. The average daily salary where I live is about $5. If you make $20 a day you're basically killing it. Sure, you can shit on people for being poor if you want but that doesn't change the fact that a dollar goes a lot farther in some places than others. Therefore, people have different standards for what is considered to be a lot of money and just because it's not significant to you doesn't mean it's not significant to billions of other people.
You can't limit trust farming to just one or two subsections - why not expand it to everything that falls under the marketplace section? Ultimately deciding whether or not somebody is trustworthy is somewhat subjective, just like it is for deciding somebody is untrustworthy.
People need to use their best judgment instead of relying upon "standards" suggested by some but that don't actually exist. And then people will be judged on their judgment, which I think is fair and pretty much mirrors the system we already have in place.
But addressing what OP is asking: yeah you shouldn't be involved in trading or lending specifically for gaining trust. That's lame.
You can't limit trust farming to just one or two subsections - why not expand it to everything that falls under the marketplace section? Ultimately deciding whether or not somebody is trustworthy is somewhat subjective, just like it is for deciding somebody is untrustworthy.
People need to use their best judgment instead of relying upon "standards" suggested by some but that don't actually exist. And then people will be judged on their judgment, which I think is fair and pretty much mirrors the system we already have in place.
But addressing what OP is asking: yeah you shouldn't be involved in trading or lending specifically for gaining trust. That's lame.
it means that I could get a positive trust easily?
Trust farming?
From which DT members?
Do DT1 members need to borrow money?
It's not a "need" but anybody can have a situation. Using being on a DT as a reason to get a high-value no-collateral loan is, however, a red flag. 
it means that I could get a positive trust easily?
Trust farming?
From which DT members?
it means that I could get a positive trust easily?
Trust farming?
it means that I could get a positive trust easily?
Trust farming? no buddy - if that is your game you are shit out of luck
If people realize that you do things only to gain trust, you might get a negative one instead.
Yup. I don't lend money, but I do some business in the Currency Exchange section here and there, and I always put in the disclaimer that whatever deal I'm looking to do will be worth neutral feedback at best, assuming things go right. I don't want newbies and whoever else flocking to my thread thinking they're going to be getting green trust out of me for a deal that's probably worth $100 or less.DT members really should be very conservative as far as handing out positives, but every member is different and has different standards. I'm concerned about the huge amount of new DT2 members and how they're going to give out positives. That could end up being a gigantic mess.
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