Topic: Open "BitCoin Credit Agency" UPDATE (Read 3209 times)
It's one way of doing it, not the only way. Different approaches after all. For instance https://bitcointalksearch.org/topic/--97214
Also consider https://bitcointalksearch.org/topic/to-all-bitcoin-lenders-95372
or even this one from the beginning of the year: https://bitcointalksearch.org/topic/proposal-for-cumbersome-loan-protocol-that-allows-secure-credit-ratings-61545
Like many things, the solution will arrive and a method will get formalised.
I'm curious.
Why would I go out and verify my identity at yet another credit agency that can't possibly keep my ID safe either? The major credit agencies already have my data in Canada and the US and I can grant permission for a lender to check them. If I was borrowing (or trying to ) let say 1000 BTC and I signed the loan agreement, then the pass through touch via credit bureau could be current fiat value at last average and the lending agreement could simply be for original loan amount converted to fiat or the balance on the default date converted to fiat whichever is higher.
Guess what I'm saying is someone needs to leverage their existing pay day loan franchise and use the existing the existing credit scheme. It's not all that expensive and for those seeking non scam loans it would still keep everything in BTC for a small fiat fee.
I'm not saying there's not a place for a more casual approach, just that I wouldn't use it to lend someone money of any kind.
Why would I go out and verify my identity at yet another credit agency that can't possibly keep my ID safe either? The major credit agencies already have my data in Canada and the US and I can grant permission for a lender to check them. If I was borrowing (or trying to ) let say 1000 BTC and I signed the loan agreement, then the pass through touch via credit bureau could be current fiat value at last average and the lending agreement could simply be for original loan amount converted to fiat or the balance on the default date converted to fiat whichever is higher.
Guess what I'm saying is someone needs to leverage their existing pay day loan franchise and use the existing the existing credit scheme. It's not all that expensive and for those seeking non scam loans it would still keep everything in BTC for a small fiat fee.
I'm not saying there's not a place for a more casual approach, just that I wouldn't use it to lend someone money of any kind.
Site being updated, No cost to borrowers free I.D for life, Your identity is backed by a 10BTC promise. If its our fault your details were stolen we will pay you! No cost to borrower, it does not make sense to charge someone who needs a loan, to get a score. That's kinda what sub-prime lenders do charge you a service fee to get the loan. Borrowers are get 1 free credit score per 2 month period, and can dispute anything on there report, With SOLID PROOF! The first 2 weeks is free for EVERYONE! I have a global verification company that I am talking to right now for verifications. More details SOON.
No but I worked In finance, and my GF still is still in it. I have processed over 5000 real USD loans, 2 years before I went in the Marines and 1 years after I got out. Due to my injury in the Marines I can not type fast enough to stay in the sector, good thing the Marines still pay me 
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Not to worried about that
You cant do bitcoin credit ratings by simply filling out a questionaire on a website. You need a lot of experience in actual bitcoin lending.
Have you even lent out any coins at all yet ?
Not to worried about that
Got A little mock up here Need some alpha testers to go sign up and check some scores for me,
Check Score Numbers Please post the score below so I know it works
111111114
111111112
111111116
Also Need some people to register you can use fake stuff Just need to make sure My system is working right.
http://bitcoincredit.sharepoint.com
Check Score Numbers Please post the score below so I know it works
111111114
111111112
111111116
Also Need some people to register you can use fake stuff Just need to make sure My system is working right.
http://bitcoincredit.sharepoint.com
Here's something I believe would be more effective as an anti fraud preventable measure:
Karma.
Karma.
Lmfao Like the Dr. Gonzo picture def one of my fav authors.
Would you suggest the same thing to your Boyfriend/Girlfriend Husband/Wife? Or would you be offended if someone told you your other should be a stripper?
I don't know maybe I was raised with these things called Manners but there few and far between as we can see from above.
Have A Nice day and good by
I don't know maybe I was raised with these things called Manners but there few and far between as we can see from above.
Have A Nice day and good by
Damn dude. Now you just reminded me that I need to suggest /r/girlsgonebitcoin to my girlfriend.
I can't be the only one to bring the b(a/(it))co(i)n home lol
Would you suggest the same thing to your Boyfriend/Girlfriend Husband/Wife? Or would you be offended if someone told you your other should be a stripper?
I don't know maybe I was raised with these things called Manners but there few and far between as we can see from above.
Have A Nice day and good by
I don't know maybe I was raised with these things called Manners but there few and far between as we can see from above.
Have A Nice day and good by
*bye
and it is called hustle, you do what you have to do
Would you suggest the same thing to your Boyfriend/Girlfriend Husband/Wife? Or would you be offended if someone told you your other should be a stripper?
I don't know maybe I was raised with these things called Manners but there few and far between as we can see from above.
Have A Nice day and good by
I don't know maybe I was raised with these things called Manners but there few and far between as we can see from above.
Have A Nice day and good by
No need to be offensive.
Explain how that was offensive? Wait so are you judging the girls on there for their hustle to make bitcoins? They make good bitcoins. I was being serious it probably easier than a lending credit site.
No need to be offensive.
You can judge me on how I write all you want, I was injured it makes it hard for me to type. I could make you feel like a real *** for making that comment ,but I won't cause I'm a bigger person then that. This is my Girlfriends project, she wanted to get involved with the Bitcoin world this was an open area I seen. Here some more cookies
tell your gf to get into http://www.reddit.com/r/girlsgonebitcoin that is better for her she probably make more there than a lending credit site
You can judge me on how I write all you want, I was injured it makes it hard for me to type. I could make you feel like a real *** for making that comment ,but I won't cause I'm a bigger person then that. This is my Girlfriends project, she wanted to get involved with the Bitcoin world this was an open area I seen. Here some more cookies
Its ok dude, just breath......... If I was to tell you how I would fix everyone of the problems you laid out, whats to stop you from going and making a site and system?
clearly you have no idea how to fix them, and believe me no one will steal your idea LOLThere is being critical and being constructive, when people usually ask for input it means constructive. When you ask someone for some money or why you failed then critical comes into play. If anyone has anything constructive to add to this convo then Ill be glad to respond, and I never attacked you.
Critical thinking is how you solve issues, I really wasn't going to judge you on how you write, but I am rethinking that quickly. If you were smart you be searching the other threads, and looking at real world situations. Plus your starting another company I really don't see how you have time to put into an issue that requires a lot of time. HENCE why not everyone has lending credit site.
Its ok dude, just breath......... If I was to tell you how I would fix everyone of the problems you laid out, whats to stop you from going and making a site and system?
There is being critical and being constructive, when people usually ask for input it means constructive. When you ask someone for some money or why you failed then critical comes into play. If anyone has anything constructive to add to this convo then Ill be glad to respond, and I never attacked you.
There is being critical and being constructive, when people usually ask for input it means constructive. When you ask someone for some money or why you failed then critical comes into play. If anyone has anything constructive to add to this convo then Ill be glad to respond, and I never attacked you.
Well..... That's kinda why I asked for input lol for research just saying. Some people will hopefully post with some information that may be helpful while others just bash the idea and person to toss it out there. Kinda like vokains post or badbitcoin they don't just bash the suggest. So like I learned from good old Uncle Sams Misguided Children don't complain about the problem unless you have a solution other wise its just noise.
I didn't bash it, I am critical of it and most people agreed with what I said. If you searched the forum, before posting your idea, you would have find out that people have posted the same exact idea a couple of times, and you have the same holes as them. If your a smart business person you would then probably go back tweak it, and post it again, instead of attacking me, who was helping you by pointing those gapping holes out to you since you clearly didn't see them.
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