Loan Default by aliveNFT | Bitcointalksearch.org

shasan

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Quote from: DaveF on December 13, 2024, 12:06:15 PM

perhaps I might have skipped giving it.

I have skipped too and lately sent only 50$ but while the user joined the campaign and asked for another loan (500$) I thought 550$ risk is okay as the user is in a campaign and the activity is good enough (based on the merit).

Quote from: dkbit98 on December 13, 2024, 04:51:57 PM

$180 and leave the forum is stupid.
I noticed rising number of loan default scams, this has become a very risky thing to do in bitcointalk forum.

The user defaulted a total 700$ and including interest, the total amount is 940$.

Quote from: marbet85 on December 14, 2024, 07:57:44 AM

I hope that he will respond

He will never respond.

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Quote from: Poker Player on December 21, 2024, 01:40:03 AM

Although I suppose it doesn't hurt to reflect the trust there in the unlikely event that he tries to reactivate the account and monetize it on shitcointalks.

There are no significant trades on that forum, so the risk that such a user will deceive someone is very small. The only thing they can do is join a campaign, but even that would be recognized quickly, so the manager could direct the payment for debt repayment here. Although the chances for such a development are not real.

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Quote from: logfiles on December 20, 2024, 04:23:27 PM

@Shasan or @DaveF it looks like the same guy has a certain profile at Altcoinstalk which he teleported in October (https://www.altcoinstalks.com/index.php?action=profile;u=99636). I don't know how things work over there, but I think it should be ok to make a similar report about his character over there and perhaps get that profile tagged too.
He might attempt to use that profile to participate in the signature campaign or even scam someone else ones the heat has cooled down.

Well, there doesn't seem to be much risk of him trying to use that account for anything because it hasn't been active since

Quote

November 10, 2024, 07:42:44 PM

and only wrote two posts, the last one on October 24.

It sounds to me that the bitcoin campaign managers are the same, and I assume that when they go to hire someone new, teleported as you can clearly see in their profile, they will take a look at the account here.

Although I suppose it doesn't hurt to reflect the trust there in the unlikely event that he tries to reactivate the account and monetize it on shitcointalks.

shasan

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Quote from: logfiles on December 20, 2024, 04:23:27 PM

@Shasan or @DaveF it looks like the same guy has a certain profile at Altcoinstalk which he teleported in October (https://www.altcoinstalks.com/index.php?action=profile;u=99636). I don't know how things work over there, but I think it should be ok to make a similar report about his character over there and perhaps get that profile tagged too.
He might attempt to use that profile to participate in the signature campaign or even scam someone else ones the heat has cooled down.

I have tried to provide feedback but I could not do it as it is not allowed to do that it may happen for a lower post/reputation or something like that. But I have created a scam accusation like this post. Those who are on that forum please post there and give negative feedback if you are allowed to do that, thank you.

Quote from: Charles-Tim on December 13, 2024, 11:25:18 AM

Although, I may not borrow aliveNFT up to $760 for any reason.

I think the loan amount is 550$ or something like that rest is interest. The interest was higher than usual as the user was at high risk for the loan.

Quote from: Little Mouse on December 13, 2024, 11:36:41 AM

I left a neutral feedback temporary but later removed after few days. I doubt it would matter much though.

I think it would be better if the tag were there for the reference. At maximum lenders check the trusted feedback whether that is neutral, positive, or negative.

logfiles

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@Shasan or @DaveF it looks like the same guy has a certain profile at Altcoinstalk which he teleported in October (https://www.altcoinstalks.com/index.php?action=profile;u=99636). I don't know how things work over there, but I think it should be ok to make a similar report about his character over there and perhaps get that profile tagged too.
He might attempt to use that profile to participate in the signature campaign or even scam someone else ones the heat has cooled down.

shasan

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Quote from: logfiles on December 13, 2024, 10:52:40 AM

To me, I think being on a signature campaign was not enough to have him get a loan worth $700 more-or-so stretching for a 10-week period.

I do not think 10 weeks is a long time to invest time without money while an account build-up takes more than years. The user has left the account as there must have several alt account which has not been discovered.

Quote from: Eternad on December 13, 2024, 10:57:44 AM

Simply completing 3 weeks of campaign can easily repay the loan amount.

Even if the user creates the post regularly then s/he would not be removed and if the user could communicate and pay partially then no one would create any scam accusation.

Quote from: Charles-Tim on December 13, 2024, 11:09:34 AM

I do not know the reason he has this kind of evil act. Maybe it is health or not but I guess he may not come back to this forum anymore.

The reason is that exit the forum and the user has many more alt accounts which are still uncovered.

Quote from: logfiles on December 13, 2024, 11:15:00 AM

I think Shasan may have missed the fact that he already had another active loan.

Yes, I missed it as there was no neutral tag and I have not gone post-history.

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Quote from: dkbit98 on December 17, 2024, 05:45:44 PM

We don't know if he was the one who really earned merits and wrote posts.
There is a possibility he just hacked, stole or purchased account around 2022 when his password was reset via email.
Note that I don't have any evidence for this and I didn't investigate his post history.

Most of those accounts participate in forum contests and merit airdropping challenge posts where they amass a lot of merits, after which they either end up going for loans or other avenues where they can exit scam.

In the past month I have seen a couple of accounts fish for some merits, rank up to Jr member or Member and then suddenly change passwords and emails. So you could actually be right.

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Quote from: dkbit98 on December 17, 2024, 05:45:44 PM

Quote from: shasan on December 14, 2024, 06:10:54 PM

Flag supported and for your post it saves my time Tongue

Actually when any borrower hide about any old loan and retake another loan usually turns into scam. Still I could not understand the user has took too long time to build up the account. The merit wasn't received by airdrop but defaulted the loan which could be repaid by only about 2 months.

We don't know if he was the one who really earned merits and wrote posts.
There is a possibility he just hacked, stole or purchased account around 2022 when his password was reset via email.
Note that I don't have any evidence for this and I didn't investigate his post history.

The account had no posts from when it was created until late Dec 2022 according to both loyce.club & ninjastic.space so even if it was bought / hacked it probably would not matter.

Also, interestingly enough he has logged on recently since his last active date changed from the 9th to Recently

Shrug, did not respond here, did not send me a FU message, nothing. Guess it just is what it is.

-Dave

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Quote from: shasan on December 14, 2024, 06:10:54 PM

Flag supported and for your post it saves my time Tongue

Actually when any borrower hide about any old loan and retake another loan usually turns into scam. Still I could not understand the user has took too long time to build up the account. The merit wasn't received by airdrop but defaulted the loan which could be repaid by only about 2 months.

We don't know if he was the one who really earned merits and wrote posts.
There is a possibility he just hacked, stole or purchased account around 2022 when his password was reset via email.
Note that I don't have any evidence for this and I didn't investigate his post history.

Vod

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Sorry for your loss, OP. If it helps in your investigation, he did PM me about a task just before Halloween. I responded but I never heard anything.

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Quote from: NotATether on December 15, 2024, 01:19:01 AM

I know that people used to take accounts as collateral, but these have nowadays started to become worthless.

Account collateral against a $1000 loan is of course worthless.

These accounts who take loans, most of them have no history to preserve for themselves. If I was to lend anyone by valuing the account then the user would receive maximum $50 loan from me. Perhaps then he would do his math's that if he want the account get destroyed or he pays the debt back. Unless he pays the money back the lender really does not have any profit at all.

DaveF

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Quote from: memehunter on December 15, 2024, 02:10:18 AM

Quote from: DaveF on December 14, 2024, 11:24:18 AM

Quote from: memehunter on December 14, 2024, 09:13:28 AM

Since we are talking about the issue, I thought it would be better to bring it up. One user HedgeFx is continuously repaying loans, and honestly, his loan needs are beyond my comprehension (none of my business though), as he has paid a great amount in interest. His behavior has earned him a great trust score. I am not saying anything about his credibility, but it seems like he has been in a tight spot for quite a long time, which can lead to future distress. If he is willing to pay around $400 monthly in interest, I am sure this place is the last resort.
Let this post serve as a warning, as proof that you have been given a warning and it was only the greed (20%) that drove you away from logic.
Having said that, I am not accusing anyone but laying out my opinions about lending practices in this wonderful forum.
One more thing: I will not support any flag in the future regarding the case I just outlined (again, I am not saying there will be any flag) since you have been warned.

What is interesting about HedgeFx is that there is NO way that he can come out ahead.

Not to a trained eye (although it is possible) but lots of untrained greedy eyeballs are in this forum. I learned through unbelievable stories in PMs.

Quote from: DaveF on December 14, 2024, 11:24:18 AM

it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.

And how was your experience with them eventually?
But as you mentioned earlier you think of lending as a gamble I guess it is OK but gamblers do not open a flag after losing. (sorry if I am sounding rude for the occasion).

1) My experience with people using OPM to do trading was fine. I have posted about it elsewhere. It's just a way of doing business.
2) As for gamblers not opening a flag, sure they do if the casino does not pay them.

Also, keep in mind the flag and the feedback and this entire thread is not for me. It's to give fair notice for the next person who was thinking about doing business with them.
-Dave

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Quote from: DaveF on December 14, 2024, 11:24:18 AM

Quote from: memehunter on December 14, 2024, 09:13:28 AM

Since we are talking about the issue, I thought it would be better to bring it up. One user HedgeFx is continuously repaying loans, and honestly, his loan needs are beyond my comprehension (none of my business though), as he has paid a great amount in interest. His behavior has earned him a great trust score. I am not saying anything about his credibility, but it seems like he has been in a tight spot for quite a long time, which can lead to future distress. If he is willing to pay around $400 monthly in interest, I am sure this place is the last resort.
Let this post serve as a warning, as proof that you have been given a warning and it was only the greed (20%) that drove you away from logic.
Having said that, I am not accusing anyone but laying out my opinions about lending practices in this wonderful forum.
One more thing: I will not support any flag in the future regarding the case I just outlined (again, I am not saying there will be any flag) since you have been warned.

What is interesting about HedgeFx is that there is NO way that he can come out ahead.

Not to a trained eye (although it is possible) but lots of untrained greedy eyeballs are in this forum. I learned through unbelievable stories in PMs.

Quote from: DaveF on December 14, 2024, 11:24:18 AM

it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.

And how was your experience with them eventually?
But as you mentioned earlier you think of lending as a gamble I guess it is OK but gamblers do not open a flag after losing. (sorry if I am sounding rude for the occasion).

NotATether

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Quote from: dkbit98 on December 13, 2024, 04:51:57 PM

First red flag for me would be NFT in his username, but to scam someone for $180 and leave the forum is stupid.
I noticed rising number of loan default scams, this has become a very risky thing to do in bitcointalk forum.

If you ask me, and I may sound like a broken record here, but collateral should be forced to be collected prior to receiving the loan. I know that people used to take accounts as collateral, but these have nowadays started to become worthless.

I would be inclined to think that there would be some central entity to match a loanee with loaner, but I really can't figure out how it would ensure the lender's funds aren't lost.

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Unfortunately, I can't say that I'm surprised by everything here. I was suspicious of the ways he request a loan, which I asked a long time ago. However, since I don't deal with that, and maybe I'm not the most knowledgeable about such assessments, I didn't insist on the discussion any further.

Quote from: ?? on ??

Unfortunately, my sig campaign that I participated in went into Pause today.
But in any case, I'm not using the money from the sig campaign to repay the loans.

If I may ask.
Why did you prematurely return the previous $200 loan, and then immediately after one day you ask for a new one? When you took that loan, you promised repayment during September, "any day". You decided to repay on the 14th (16 days before the last deadline), but a day later you asked for an almost identical amount.

Also, You started marking your loans with numbers, which seems like you are planning for a longer and larger number of loans. For the future, you should probably give some explanations for what you need the funds for.

I supported the flag, and I will gladly withdraw it if the debt is repaid, but I think that will be difficult to happen.
The user is also on Altcoinstalks, but also inactive there https://www.altcoinstalks.com/index.php?action=profile;u=99636

shasan

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Flag supported and for your post it saves my time Tongue

Actually when any borrower hide about any old loan and retake another loan usually turns into scam. Still I could not understand the user has took too long time to build up the account. The merit wasn't received by airdrop but defaulted the loan which could be repaid by only about 2 months.

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Quote from: BitcoinGirl.Club on December 14, 2024, 12:15:24 PM

Quote from: DaveF on December 14, 2024, 11:24:18 AM

What is interesting about HedgeFx is that there is NO way that he can come out ahead.

Yes he can run with the $1800 that TryNinja just loaned him, BUT as of now TryNinja is loaning him his own money so to speak. Quick, back of the napkin numbers and yes he has paid him close to $1800 in interest. Add in the amount he has paid me and it's well above that.

So, yes he could run, but at this point it would be just lowering the amount he paid out, there is no profit.

Odd, yes but unless there is something I am not seeing then it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.

-Dave

I hope you are correct in this regards. However we never know how things can turn bad for anyone and no matter if they had a good will or not they will be just unable to repay the debt. I think that's why the interest is high, no brainer.

Anyway, sorry to hear your loss. It was not much which is the good news.

In some cases, when the lender notice a danger spot in borrowers speed of repayment, they act smartly by waving the excess interest and ask the borrowers to repay back only the loan amount, some time, this helps genuine borrowers to repay back they loans, but to those with scam intentions, none of that gestures mean anything to them and they will go ahead to execute their preplanned scam.

You guys just have to move on, because from the look of things, that member is not going to repay those loans but the tag is very much appropriate to serve as warnings on the account, any ways the scammer don't value that account since he may likely end up buying another account and keep attempting to scam on

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Quote from: DaveF on December 14, 2024, 11:24:18 AM

What is interesting about HedgeFx is that there is NO way that he can come out ahead.

Yes he can run with the $1800 that TryNinja just loaned him, BUT as of now TryNinja is loaning him his own money so to speak. Quick, back of the napkin numbers and yes he has paid him close to $1800 in interest. Add in the amount he has paid me and it's well above that.

So, yes he could run, but at this point it would be just lowering the amount he paid out, there is no profit.

Odd, yes but unless there is something I am not seeing then it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.

-Dave

I hope you are correct in this regards. However we never know how things can turn bad for anyone and no matter if they had a good will or not they will be just unable to repay the debt. I think that's why the interest is high, no brainer.

Anyway, sorry to hear your loss. It was not much which is the good news.

DaveF

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Quote from: memehunter on December 14, 2024, 09:13:28 AM

Since we are talking about the issue, I thought it would be better to bring it up. One user HedgeFx is continuously repaying loans, and honestly, his loan needs are beyond my comprehension (none of my business though), as he has paid a great amount in interest. His behavior has earned him a great trust score. I am not saying anything about his credibility, but it seems like he has been in a tight spot for quite a long time, which can lead to future distress. If he is willing to pay around $400 monthly in interest, I am sure this place is the last resort.
Let this post serve as a warning, as proof that you have been given a warning and it was only the greed (20%) that drove you away from logic.
Having said that, I am not accusing anyone but laying out my opinions about lending practices in this wonderful forum.
One more thing: I will not support any flag in the future regarding the case I just outlined (again, I am not saying there will be any flag) since you have been warned.

What is interesting about HedgeFx is that there is NO way that he can come out ahead.

Yes he can run with the $1800 that TryNinja just loaned him, BUT as of now TryNinja is loaning him his own money so to speak. Quick, back of the napkin numbers and yes he has paid him close to $1800 in interest. Add in the amount he has paid me and it's well above that.

So, yes he could run, but at this point it would be just lowering the amount he paid out, there is no profit.

Odd, yes but unless there is something I am not seeing then it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.

-Dave

Topic: Loan Default by aliveNFT (Read 814 times)