Topic: [LOAN] need 35$ (Read 289 times)

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Ethereum (also written as ETH).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Merit.  Bitcointalk Merit is not a commodity and is not meant to be traded.  Asking or doing so may get you negative trust (Trade with Extreme Caution!)
- Items they want to sell.  They don't want it back, so they will default.  It's scammy unethical behavior and will lead to negative trust.  Check their recent posts!
- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Most pre-coins/tokens are worthless, or may take significant time to be worth anything. 
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over six months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)  Examples:  Steam

If you think that I may value something at $50 that others do not...

can i PM u sir?

Do you have something small that you can easily sell for $50?  Better if it is online - then you don't need to ship it.

Everyone knows what borrowing means. The point is your request is far too risky to fulfill. The point is you're suggesting that your account is valid collateral, which it isn't.

The only time BitcoinTalk accounts may be considered valid collateral is when the user is extremely trusted, has valid trades, and the account has a positive history (+ a few other points depending on lender). Even then, people with great accounts abiding by all of the previously mentioned points have defaulted (so it's not entirely foolproof).

You're a new user here, you have no previous trades which have gone well (in which some form of valuable cryptocurrency has been risked). No one's going to lend you anything here. It's unfortunate, but true. If you can find valid collateral, by all means, try again.

Cheers!

borrowing means having to return the loan, meaning that I will return what I borrow sir

collateral is my account, but I will definitely return the money I borrowed, because I intend to borrow and return, not to borrow and leave

Because you are not asking for help - you are asking for a loan which means you should pay it back.  You don't intend to pay anything back.  :/

Because you are not asking for help - you are asking for a loan which means you should pay it back.  You don't intend to pay anything back.  :/

and why not try help me mate?

Sorry mate, your account worth nothing. If you have a collateral that value minimum 120% of the amount you are asking then you are welcome to PM me.

You have already received negative trust for asking for a loan without valid collateral. Now you are asking for a loan without valid collateral again (your account does not count). Collateral is at least 120% of the value of the loan you are asking for; your account is not worth anywhere near what you are asking for. Your account is without value. Also, you say you need .0035BTC then say you need $35... These are not the same thing.

Why in the world do you need $35 for a meal? I can cook up Steak, Macaroni Salad and get some Fruit/Nuts for like $10.

Please, nobody fill this loan. Not that I think anybody would be foolish enough to do so, but just as a common sense warning.