I can provide micro-loans for any members with valid collateral! Just fill out the form below and post it here; do not PM me with any loan requests. I will direct you back here.
Application
Code:
[b]Username: [/b]
[b]Loan Amount: [/b]
[b]Repayment Amount: [/b]
[b]Duration: [/b]
[b]Reason: [/b]
[b]Collateral: [/b]
[b]Bitcoin Address: [/b]
What do I consider as valid collateral?
All collateral should be higher value than the loan itself.
- Any stable altcoin
- BitcoinTalk Account(s)
- Physical Goods
- Most items not included below
What is NOT valid collateral?
Vod states it best.
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
- 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
Repayment
All loans should be repaid to:
Code:
15wvVzHQ4BcNj4CCnAgCCxdVcS2EF85hEz
I will make everyone repay to a specific address if my loan service becomes bigger.
PGP Signature - verify it
Code:
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Hash: SHA512
This is Athertle from BitcoinTalk.org. Today is 10/4/15 and I am providing loans for the following thread: https://bitcointalk.org/index.php?topic=1200450
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Comment: https://keybase.io/crypto
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ttjCQRIi8V7z7xkGidE4UQzC0xarQhFtUwALaq4zLJfKqS4lljx1A7zYYDn+L/M=
=94JI
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Escrow can be used if the loanee requests so. Any reputable escrow will do; however, if they require a fee, the loanee will pay it.
Note - I self-moderated this new thread in case there is a need for it (mostly spamming).
Status: Available!