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Topic: [POLL] What is the best loan collateral ? - page 2. (Read 1644 times)

copper member
Activity: 2926
Merit: 2348
January 15, 2015, 04:09:01 PM
#10
I would say that miner accounts are probably the worse in the above list. The majority of cloud mining companies are scams and you never know if the person offering it as collateral is part of the scam.

I think NXT assets rank very high up there in terms of risk for similar reasons, although if you are more familiar with the NXT marketplace this may not be the case
staff
Activity: 3290
Merit: 4114
January 15, 2015, 03:59:59 PM
#9
You can't say which is the best collateral. It depends on the lender, they are the ones who decide if the collateral is adequate enough. The things you listed are mostly for low amounts. When we are talking large amounts it could be anything from cars to laptops.

Really, any collateral which the lender can sell right away at the same amount loaned or more.
full member
Activity: 137
Merit: 100
January 15, 2015, 03:56:09 PM
#8
If you can get a very specific signed message from the prior owner and the address signing the message can be reasonably linked to the account then ownership should not be put into question.

Your point about domain names is valid, however I would think it would be very difficult to damage the reputation of a domain just because it was "stolen" as there is really no central authority that manages all domain names.

I would think altcoins would be best to use as collateral, however there are many people that are not into altcoins or do not want to use the loan for trading which is what using an altcoin is designed to do
Agree, it is the same thing with domain names, and what bothers me more is the actual transfer - altcoins would be preferred asset as you can transfer it automatically(wallet transaction), this is good for business purposes.

I believe DogeCoin is the most stable and easiest to liquidate.

Bitcointalk accounts above Full Member have been pretty easy to turn around as well with all the lucrative signature campaigns.
Who do you sell the accounts to? I haven't seen any kind of sales thread. What is the average price that you generally sell them for.

Do you verify ownership prior to accepting the accounts as collateral?
member
Activity: 81
Merit: 10
January 15, 2015, 03:35:08 PM
#7
One of my favourite coins... good vote! It will be also interesting to hear what would be the % of collateral that you expect against every pledge.
Let's say that borrowers have doge,ripple,NXT - what would be your requirements against every coin..for example an industry standard for borrower is to get 50% of the collateral value but that shall differ per asset isn't it?

I would say all altcoins with stable price.
I voted for doge, ripple, and NXT.
member
Activity: 81
Merit: 10
January 15, 2015, 03:32:39 PM
#6
Agree, it is the same thing with domain names, and what bothers me more is the actual transfer - altcoins would be preferred asset as you can transfer it automatically(wallet transaction), this is good for business purposes.

I believe DogeCoin is the most stable and easiest to liquidate.

Bitcointalk accounts above Full Member have been pretty easy to turn around as well with all the lucrative signature campaigns.
Who do you sell the accounts to? I haven't seen any kind of sales thread. What is the average price that you generally sell them for.

Do you verify ownership prior to accepting the accounts as collateral?
member
Activity: 81
Merit: 10
January 15, 2015, 03:30:37 PM
#5
Dogecoin is the 5th more liquid asset according to http://coinmarketcap.com/currencies/volume/24-hour/
I usually do follow coinmarketcap when i want to see the market capitalization of a currency and the trade volume.

Bitcoin accounts, hmm it would be hard to put a value against it...i guess a free market would be able to do that but it still won't be liquid.
Signature campaigns sounds interesting though!

I believe DogeCoin is the most stable and easiest to liquidate.

Bitcointalk accounts above Full Member have been pretty easy to turn around as well with all the lucrative signature campaigns.



full member
Activity: 137
Merit: 100
January 15, 2015, 03:20:53 PM
#4
I believe DogeCoin is the most stable and easiest to liquidate.

Bitcointalk accounts above Full Member have been pretty easy to turn around as well with all the lucrative signature campaigns.
Who do you sell the accounts to? I haven't seen any kind of sales thread. What is the average price that you generally sell them for.

Do you verify ownership prior to accepting the accounts as collateral?
sr. member
Activity: 308
Merit: 250
January 15, 2015, 03:11:23 PM
#3
I would say all altcoins with stable price.
I voted for doge, ripple, and NXT.
legendary
Activity: 1330
Merit: 1000
January 15, 2015, 03:03:39 PM
#2
I believe DogeCoin is the most stable and easiest to liquidate.

Bitcointalk accounts above Full Member have been pretty easy to turn around as well with all the lucrative signature campaigns.


member
Activity: 81
Merit: 10
January 15, 2015, 11:49:17 AM
#1
Interested in p2p lending, supporting the "collateral or no loan" term, I think it will beneficial for all of us to have some common sense on the topic.
I have added some alt coins that seems to be liquid and some common digital assets - please comment if you think that something needs to be added.
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