Topic: Need $10 BTC loan - thanks in advance (Read 1384 times)

I see. In your world anyone asking for even a tiny loan is to be distrusted and anyone that questions your assessment is stupid and is an alt. The sheer narrowness of your mind astounds me. Sure, people buy accounts, sure people scam, other have only one account and pay their loans without problem. To lump them all into the suspicious category is..well....ignorant.

To whom I am helping mate to scam someone  ? And if you have manner then it would be better to write everything in detail on how I am helping  a scammer to scam again. I am just suggesting him an alternative to get that loan

I just put a comment on a post where a scammer got $0.10 and did not pay back...no need to comment the scammers and the reasons behind them but
helping them in any way do not show a good manners.

The domain you are providing doesnt worth that much in my thought
You should try providing some alt coins or your account as collateral to get that amount of loan
I can provide you loan if you keep your account as collateral.
And don't your account will be at risk. It will be safe at any trusted escrow if you feel unsafe with me

Also I think you forgot to mention time period in the loan request

Ha! Welcome to the internet. If you start giving loan to every sob story or such, you'll end up being a beggar. Not that different from the real world though.
You do realize that people can come up with various usernames right? And that accounts are bought and sold over time.
Anyway seeing this line in OP
I'm wondering if you are an alt of OP or if you bought this account just for gags(looking at the post history), and if(really low chances of this one) you are as [insert a less hateful version of stupid here] as I imagine you to be.
P.S: Either way, OP seems to have gotten a lender, lock this thread(lower left corner "Lock topic")

Being suspicious is one thing, being over the top paranoid is another. If you can't evaluate a man and take him at his word or not, especially over ten bucks, then you don't need to be giving loans.

If they repaid me I kept a good customer, if they didn't I got rid of an idiot. Win-Win

I am hoping that I can build trust on bitcointalk.org for future transactions as I am pretty new here. Thanks in advance!

You do realize that its real money right? People here have scammed for less than $0.2, now I don't know what thats in your book but in mine, it calls for suspicion for every loan.
@OP you might be considered for that loan if you give your account as collateral.

I realize I'm not involved here, but don't you think it is a bit silly to be requiring collateral, escrow, and loan reasons? It is $10 FFS. It's not even two beers at the pub. 10 btc I could understand heightened security, but not $10.

Ah I think I am starting to catch on. How about a domain name with a clean wordpress install on it?

Ah I think I am starting to catch on. How about a domain name with a clean wordpress install on it?

hmmmm this might be a noob question, but what kind of things do people offer as collateral, and how do you secure the collateral?

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)  Examples:  Steam
 
When should you use Escrow?

 - Never send collateral directly to a low activity/post account offering you a loan, as they are likely to take your coins and disappear. (Collateral Scam)
 - Use only "Hero Members" or "Legendary Members" for escrow - they have a vested interest in the community with the time they have spent here.
 - Do not use a third party escrow service unless hero members can vouch for it - it's too easy to create a website, do a few escrows then disappear with a big balance.  Rinse and repeat.
- A list of trusted escrows can be found here:  https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
 
When considering the trustworthiness of a user, ignore "Posts" as there are schemes that pay a user per post.  A person can make 1,000 useless posts in one day and contribute nothing to the community.  Instead look at the "Activity" number - that gives you a more accurate tally of how involved the user is in the community.

Ignore the sob stories that users post - it's just a scam to get your coins.  If a person really is in such a situation, they can turn to family, friends or other social circles they frequent.  They are just posting in our community because the payment is anonymous and irreversible.