Topic: Need 0.1 BTC! Please.. with Collateral and get back 0.11 for 5 Days (Read 785 times)
[/quote]because friends and family need to be paid back in the end... and i doubt he has friends
[/quote]
Yes, yes, I know. Frankly I just read the lending section for entertainment. However, it's getting kind of stale--the formula is: newbie asks for loan, senior member pipes up with question about collateral, newbie either disappears or gets negative feedback. The thing about bitcoin that discourages me somewhat is the need for trust when conducting transactions. It's where credit cards and all of that have the advantage. Still rooting for it to succeed though.
April 07, 2015, 01:42:52 PM
He hasn't logged in for 4 days very lame scam attempt.
April 07, 2015, 01:06:37 PM
I get asked about once every two months for a loan of about $10 from a girl at work. She's a coworker and I don't consider her a friend. None of us are your friends. Why don't you find a friend to borrow this money from. Don't you have any friends? Don't you have any family?
because friends and family need to be paid back in the end... and i doubt he has friends April 06, 2015, 09:17:48 AM
I get asked about once every two months for a loan of about $10 from a girl at work. She's a coworker and I don't consider her a friend. None of us are your friends. Why don't you find a friend to borrow this money from. Don't you have any friends? Don't you have any family?
April 05, 2015, 08:30:15 AM
I wouldn't trust that member at all.
There is 100% chance of being scammed by him
Refer to this thread: https://bitcointalksearch.org/topic/m.10963397
OP has asked for loan before and said his collateral is 110% paid through credit card with PayPal, obvious PayPal fraud and a scam.
Careful.
There is 100% chance of being scammed by him
Refer to this thread: https://bitcointalksearch.org/topic/m.10963397
OP has asked for loan before and said his collateral is 110% paid through credit card with PayPal, obvious PayPal fraud and a scam.
Careful.
April 05, 2015, 08:15:25 AM
New account registered simply to ask for a loan is never a good sign 
April 05, 2015, 07:38:48 AM
yes , I have a paypal with credit card and bank account . You can take 110 % of my credit card to paypal balance then you transfer to your paypal account . 
what would stop you from disputing the transaction? When you dispute it then the lender will end up with nothing. 
If you dont have any other kind of collateral then you might as well lock the topic with the lock topic on the bottom left.
April 05, 2015, 07:32:05 AM
I think thats not valid colleteral.
April 02, 2015, 02:20:32 PM
yes , I have a paypal with credit card and bank account . You can take 110 % of my credit card to paypal balance then you transfer to your paypal account .
what would stop you from disputing the transaction? When you dispute it then the lender will end up with nothing. If you dont have any other kind of collateral then you might as well lock the topic with the lock topic on the bottom left.
April 02, 2015, 02:15:51 PM
yes , I have a paypal with credit card and bank account . You can take 110 % of my credit card to paypal balance then you transfer to your paypal account .
that seems terrible scam you are offering paypal as collateral with newbie account, i think nobody willing to take this one as collateral. 
April 02, 2015, 02:13:16 PM
yes , I have a paypal with credit card and bank account . You can take 110 % of my credit card to paypal balance then you transfer to your paypal account .
what would stop you from disputing the transaction? When you dispute it then the lender will end up with nothing. April 02, 2015, 02:03:04 PM
yes , I have a paypal with credit card and bank account . You can take 110 % of my credit card to paypal balance then you transfer to your paypal account .
what would stop you from disputing the transaction? When you dispute it then the lender will end up with nothing. April 02, 2015, 02:01:25 PM
yes , I have a paypal with credit card and bank account . You can take 110 % of my credit card to paypal balance then you transfer to your paypal account .
April 02, 2015, 01:56:29 PM
Quote
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 Litecoin (also written as LTC). 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?
- 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.
- 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 6 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)
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 Litecoin (also written as LTC). 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?
- 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.
- 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 6 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)
April 02, 2015, 01:51:19 PM
hello bitcoiners...!!
I need 0.1BTC can you give me? I repay you 0.11 for 5 days.
my Collateral is :
-Paypal account with credit card
-Perfect money account with 1$ balance
-coinbase account with registered information
-paidverts PTC account with 65k BAP.
please choose 1 Collateral do you need.
I hope you read and give me some bitcoin
thank you..
I need 0.1BTC can you give me? I repay you 0.11 for 5 days.
my Collateral is :
-Paypal account with credit card
-Perfect money account with 1$ balance
-coinbase account with registered information
-paidverts PTC account with 65k BAP.
please choose 1 Collateral do you need.
I hope you read and give me some bitcoin
thank you..
All of those won't be of any use as you can claim you were hacked and recover your accounts. Collateral needs to be something easy to transfer to escrow and sell in case of default. 110%+ of the loan value is typical.
April 02, 2015, 01:47:09 PM
hello bitcoiners...!!
I need 0.1BTC can you give me? I repay you 0.11 for 5 days.
my Collateral is :
-Paypal account with credit card
-Perfect money account with 1$ balance
-coinbase account with registered information
-paidverts PTC account with 65k BAP.
please choose 1 Collateral do you need.
I hope you read and give me some bitcoin
thank you..
I need 0.1BTC can you give me? I repay you 0.11 for 5 days.
my Collateral is :
-Paypal account with credit card
-Perfect money account with 1$ balance
-coinbase account with registered information
-paidverts PTC account with 65k BAP.
please choose 1 Collateral do you need.
I hope you read and give me some bitcoin
thank you..
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