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jambola2

legendary

Activity: 1120

Merit: 1038

Quote from: jambola2 on September 26, 2014, 03:39:52 AM

You could find a way to give the lender your coinbase account.

If you ran away, he could take the BTC from your coinbase account.

Yeah, no. I have several thousands of dollars linked to that account and my SSN. I think that is a little too much for a ~$350 loan.

I'd rather trust an escrow with 10,000$ than a newb with 350$.

jambola2

legendary

Activity: 1120

Merit: 1038

You could find a way to give the lender your coinbase account.

If you ran away, he could take the BTC from your coinbase account.

darkghost568

member

Activity: 107

Merit: 10

Quote from: austin on September 26, 2014, 03:37:10 AM

Quote from: ?? on ??

I would rather use it as collateral because then I get it back in the end, rather than getting more BTC. Do you know of anybody who could help me out?

I can't think of anyone at the moment who accepts Moneypak, but you could change your title to say that you have Moneypak collateral. Most loans that have a valid collateral get filled fairly quickly.

Ok great. Thank you for your help. It means a lot.

austin

hero member

Activity: 584

Merit: 500

Quote from: ?? on ??

I would rather use it as collateral because then I get it back in the end, rather than getting more BTC. Do you know of anybody who could help me out?

I can't think of anyone at the moment who accepts Moneypak, but you could change your title to say that you have Moneypak collateral. Most loans that have a valid collateral get filled fairly quickly.

austin

hero member

Activity: 584

Merit: 500

Quote from: ?? on ??

Quote from: austin on September 26, 2014, 03:13:29 AM

Quote from: ?? on ??

Quote from: austin on September 26, 2014, 02:56:23 AM

Quote from: ?? on ??

Quote from: austin on September 26, 2014, 01:24:53 AM

Quote from: darkghost568 on September 26, 2014, 01:05:13 AM

Hey guys. I want to order and ship something fast, but my coinbase order is pending because I've already purchased $1000 of BTC this week. I will pay back the loan by October 1st with a reasonable amount of interest once my order goes through.

Proof of my coinbase order:
http://m.imgur.com/ax1i6IV

Proof I can afford the BTC and the order will go through:
http://m.imgur.com/VpJOTak

Proof that you can pay it back doesn't mean that you will pay it back. You'll have to provide collateral or no one will give you a loan.

True. I read the terms and was a little confused as to how I would provide collateral. Could you please help me out with a quick explanation?

Of course. Vod does an excellent job explaining collateral in this post.
https://bitcointalksearch.org/topic/m.6311902

You also risk your account receiving negative reputation by asking for a loan and not providing collateral. It's nothing personal, but there are many new accounts popping up and trying to steal whatever they can get.

Yes, I read that post. Would my iPod be considered collateral? Also, I know I may be at risk for negrep, by not out-right stating collateral, but I am not opposed to it. I just don't really know how I would provide collateral. I'm willing to do anything I can to get this loan in a timely manner. I don't really consider my account to be a "new" account, as it has been aged for a few months, and I have a good ~$1500 of deals on it, but I know some would.

You could use your iPod as collateral, but you would have to mail it to an escrow or the lender before you can get your loan. Most reputable lenders here will also not accept an account as collateral. The best option would be to offer any altcoins or valuable digital goods you may have.

I'm assuming they don't accept Moneypak or anything like that?

I haven't personally used Moneypak, but it's popular in the currency exchange section, so someone may be willing to accept it. You could either try offering that as collateral or just use it to buy bitcoin.

austin

hero member

Activity: 584

Merit: 500

Quote from: ?? on ??

Quote from: austin on September 26, 2014, 02:56:23 AM

Quote from: ?? on ??

Quote from: austin on September 26, 2014, 01:24:53 AM

Quote from: darkghost568 on September 26, 2014, 01:05:13 AM

Hey guys. I want to order and ship something fast, but my coinbase order is pending because I've already purchased $1000 of BTC this week. I will pay back the loan by October 1st with a reasonable amount of interest once my order goes through.

Proof of my coinbase order:
http://m.imgur.com/ax1i6IV

Proof I can afford the BTC and the order will go through:
http://m.imgur.com/VpJOTak

Proof that you can pay it back doesn't mean that you will pay it back. You'll have to provide collateral or no one will give you a loan.

True. I read the terms and was a little confused as to how I would provide collateral. Could you please help me out with a quick explanation?

Of course. Vod does an excellent job explaining collateral in this post.
https://bitcointalksearch.org/topic/m.6311902

You also risk your account receiving negative reputation by asking for a loan and not providing collateral. It's nothing personal, but there are many new accounts popping up and trying to steal whatever they can get.

Yes, I read that post. Would my iPod be considered collateral? Also, I know I may be at risk for negrep, by not out-right stating collateral, but I am not opposed to it. I just don't really know how I would provide collateral. I'm willing to do anything I can to get this loan in a timely manner. I don't really consider my account to be a "new" account, as it has been aged for a few months, and I have a good ~$1500 of deals on it, but I know some would.

You could use your iPod as collateral, but you would have to mail it to an escrow or the lender before you can get your loan. Most reputable lenders here will also not accept an account as collateral. The best option would be to offer any altcoins or valuable digital goods you may have.

austin

hero member

Activity: 584

Merit: 500

Quote from: ?? on ??

Quote from: austin on September 26, 2014, 01:24:53 AM

Quote from: darkghost568 on September 26, 2014, 01:05:13 AM

Hey guys. I want to order and ship something fast, but my coinbase order is pending because I've already purchased $1000 of BTC this week. I will pay back the loan by October 1st with a reasonable amount of interest once my order goes through.

Proof of my coinbase order:
http://m.imgur.com/ax1i6IV

Proof I can afford the BTC and the order will go through:
http://m.imgur.com/VpJOTak

Proof that you can pay it back doesn't mean that you will pay it back. You'll have to provide collateral or no one will give you a loan.

True. I read the terms and was a little confused as to how I would provide collateral. Could you please help me out with a quick explanation?

Of course. Vod does an excellent job explaining collateral in this post.
https://bitcointalksearch.org/topic/m.6311902

You also risk your account receiving negative reputation by asking for a loan and not providing collateral. It's nothing personal, but there are many new accounts popping up and trying to steal whatever they can get.

austin

hero member

Activity: 584

Merit: 500

Quote from: darkghost568 on September 26, 2014, 01:05:13 AM

Hey guys. I want to order and ship something fast, but my coinbase order is pending because I've already purchased $1000 of BTC this week. I will pay back the loan by October 1st with a reasonable amount of interest once my order goes through.

Proof of my coinbase order:
http://m.imgur.com/ax1i6IV

Proof I can afford the BTC and the order will go through:
http://m.imgur.com/VpJOTak

Proof that you can pay it back doesn't mean that you will pay it back. You'll have to provide collateral or no one will give you a loan.

darkghost568

member

Activity: 107

Merit: 10

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