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Topic: Potencial Bussiness In Bitcointalk.org (Read 2776 times)
Here in this forum i see some potencial bussiness to be create such as lending or be an profesional escrow, do you guys have any idea to create bussiness using this forum?
Make sure you calculate the proper risk /reward ratios of each loan taker, you dont want to end up losing money to defaulters.
You have to take into consideration their rank, their activity, their posts, their previous actions, if they took loan before, if they defaulted before ,...etc
All these factors need to be considered before some1 becomes eligible for a loan, after all its a for-profit business.
Good luck friend!
you simply get the collateral (money's worth) if they decided not to pay you back.
Yea but a collateral is bullshit. You cannot ask for a 100% collateral otherwise taking the loan is useless.
Why would you take the loan and pay interest on it if you already got the money in another form.
But if you ask for 50% collateral you still have to deal with the other 50% risk, thats when you can rely on reputation and account behaviour.
You can and there are people that do because you don't want to sell and lose your account for all eternity if you need a short term loan, and you might not want to sell altcoins you hold and that you think will rise more than the loan interest during the loan time.
Here in this forum i see some potencial bussiness to be create such as lending or be an profesional escrow, do you guys have any idea to create bussiness using this forum?
Make sure you calculate the proper risk /reward ratios of each loan taker, you dont want to end up losing money to defaulters.
You have to take into consideration their rank, their activity, their posts, their previous actions, if they took loan before, if they defaulted before ,...etc
All these factors need to be considered before some1 becomes eligible for a loan, after all its a for-profit business.
Good luck friend!
you simply get the collateral (money's worth) if they decided not to pay you back.
Yea but a collateral is bullshit. You cannot ask for a 100% collateral otherwise taking the loan is useless.
Why would you take the loan and pay interest on it if you already got the money in another form.
But if you ask for 50% collateral you still have to deal with the other 50% risk, thats when you can rely on reputation and account behaviour.
If you have money in another form doesnt mean that you want to sell this. For example a steam account. You might want to keep it. Though you still can give it as collateral to an escrow.
And why should someone accept 50% risk? The scammer could have planned to scam an amount 50% of the taken loan. Then you gave him 100% of what he wanted that way.
I agree with you sometimes there is any condition that you really need money in other side you have money in another form for example you have gold...but you dont want to sell the gold..and you can use the gold as collateral to get money from loan
If you have money in another form doesnt mean that you want to sell this. For example a steam account. You might want to keep it. Though you still can give it as collateral to an escrow.
And why should someone accept 50% risk? The scammer could have planned to scam an amount 50% of the taken loan. Then you gave him 100% of what he wanted that way.
It's not just about scams, its also about accidental defaults. There could be cases where the loaner just simply cant pay the loan back and it defaults on it.
For example if you give out 0.5 BTC for a gambler and he lose it all, but his income is from faucets only and he cannot pay it back at all.
In that case you need to factor that in, every bank or loaning agency does the same, there is mathematical part you cannot ignore when working with money , merely probability & statistics
If many scammers appear suddenly then you got 2 options: raise the interest rates to cover the losses, or implement stricter rules for giving out loans.
...Or just take collateral to make sure you're covered. Forum accounts are the best thing imo. Raising interest rates isn't really going to do much because any higher just makes it even less worth it for the borrower and less likely they'll pay back and even if you did raise them considerably it's still not going to be enough to cover losses. All you need is one scammer to not pay back and it will put you in the red from all your over loans.
First of all you raise the interest rates on all clients, until the funds are recovered.
Also give out equal loans, giving out random amounts wont help you quantify the risk, but if you give packages of 0.1 BTC and their multipliers then it's easier to quantify the risk.
Depends of course of your budget.
If i were to loan out 1 BTC i would split it up into 0.02 BTC packages, and only give out more than 1 package to 1 person if he has a good reputation.
Otherwise a no collateral loan would also work, but of course only after some background check (account standing, previous things done, other loans, forum post quality / projects, etc)
If you have money in another form doesnt mean that you want to sell this. For example a steam account. You might want to keep it. Though you still can give it as collateral to an escrow.
And why should someone accept 50% risk? The scammer could have planned to scam an amount 50% of the taken loan. Then you gave him 100% of what he wanted that way.
It's not just about scams, its also about accidental defaults. There could be cases where the loaner just simply cant pay the loan back and it defaults on it.
For example if you give out 0.5 BTC for a gambler and he lose it all, but his income is from faucets only and he cannot pay it back at all.
In that case you need to factor that in, every bank or loaning agency does the same, there is mathematical part you cannot ignore when working with money , merely probability & statistics
If many scammers appear suddenly then you got 2 options: raise the interest rates to cover the losses, or implement stricter rules for giving out loans.
...Or just take collateral to make sure you're covered. Forum accounts are the best thing imo. Raising interest rates isn't really going to do much because any higher just makes it even less worth it for the borrower and less likely they'll pay back and even if you did raise them considerably it's still not going to be enough to cover losses. All you need is one scammer to not pay back and it will put you in the red from all your over loans.
If you have money in another form doesnt mean that you want to sell this. For example a steam account. You might want to keep it. Though you still can give it as collateral to an escrow.
And why should someone accept 50% risk? The scammer could have planned to scam an amount 50% of the taken loan. Then you gave him 100% of what he wanted that way.
It's not just about scams, its also about accidental defaults. There could be cases where the loaner just simply cant pay the loan back and it defaults on it.
For example if you give out 0.5 BTC for a gambler and he lose it all, but his income is from faucets only and he cannot pay it back at all.
In that case you need to factor that in, every bank or loaning agency does the same, there is mathematical part you cannot ignore when working with money , merely probability & statistics
If many scammers appear suddenly then you got 2 options: raise the interest rates to cover the losses, or implement stricter rules for giving out loans.
Here in this forum i see some potencial bussiness to be create such as lending or be an profesional escrow, do you guys have any idea to create bussiness using this forum?
Make sure you calculate the proper risk /reward ratios of each loan taker, you dont want to end up losing money to defaulters.
You have to take into consideration their rank, their activity, their posts, their previous actions, if they took loan before, if they defaulted before ,...etc
All these factors need to be considered before some1 becomes eligible for a loan, after all its a for-profit business.
Good luck friend!
you simply get the collateral (money's worth) if they decided not to pay you back.
Yea but a collateral is bullshit. You cannot ask for a 100% collateral otherwise taking the loan is useless.
Why would you take the loan and pay interest on it if you already got the money in another form.
But if you ask for 50% collateral you still have to deal with the other 50% risk, thats when you can rely on reputation and account behaviour.
If you have money in another form doesnt mean that you want to sell this. For example a steam account. You might want to keep it. Though you still can give it as collateral to an escrow.
And why should someone accept 50% risk? The scammer could have planned to scam an amount 50% of the taken loan. Then you gave him 100% of what he wanted that way.
Here in this forum i see some potencial bussiness to be create such as lending or be an profesional escrow, do you guys have any idea to create bussiness using this forum?
Make sure you calculate the proper risk /reward ratios of each loan taker, you dont want to end up losing money to defaulters.
You have to take into consideration their rank, their activity, their posts, their previous actions, if they took loan before, if they defaulted before ,...etc
All these factors need to be considered before some1 becomes eligible for a loan, after all its a for-profit business.
Good luck friend!
you simply get the collateral (money's worth) if they decided not to pay you back.
Yea but a collateral is bullshit. You cannot ask for a 100% collateral otherwise taking the loan is useless.
Why would you take the loan and pay interest on it if you already got the money in another form.
But if you ask for 50% collateral you still have to deal with the other 50% risk, thats when you can rely on reputation and account behaviour.
Here in this forum i see some potencial bussiness to be create such as lending or be an profesional escrow, do you guys have any idea to create bussiness using this forum?
Make sure you calculate the proper risk /reward ratios of each loan taker, you dont want to end up losing money to defaulters.
You have to take into consideration their rank, their activity, their posts, their previous actions, if they took loan before, if they defaulted before ,...etc
All these factors need to be considered before some1 becomes eligible for a loan, after all its a for-profit business.
Good luck friend!
you simply get the collateral (money's worth) if they decided not to pay you back.
Here in this forum i see some potencial bussiness to be create such as lending or be an profesional escrow, do you guys have any idea to create bussiness using this forum?
Make sure you calculate the proper risk /reward ratios of each loan taker, you dont want to end up losing money to defaulters.
You have to take into consideration their rank, their activity, their posts, their previous actions, if they took loan before, if they defaulted before ,...etc
All these factors need to be considered before some1 becomes eligible for a loan, after all its a for-profit business.
Good luck friend!
I guess after you checked that someone has a high rank, high activity, many posts, good actions, no defaults on loans and loans previously taken... you still should think of him as if thats nothing, as long as you dont know him more near and you can say for sure that he is the guy that created that trust. Otherwise he easily could be a sold account. Nowadays too many accounts are sold.
Here in this forum i see some potencial bussiness to be create such as lending or be an profesional escrow, do you guys have any idea to create bussiness using this forum?
Make sure you calculate the proper risk /reward ratios of each loan taker, you dont want to end up losing money to defaulters.
You have to take into consideration their rank, their activity, their posts, their previous actions, if they took loan before, if they defaulted before ,...etc
All these factors need to be considered before some1 becomes eligible for a loan, after all its a for-profit business.
Good luck friend!
If you good at coding skill such like c++,php,java programming ...
good at designing for banner & logo ( animated or static ) or any helpful task or job
you can visit service section
good at designing for banner & logo ( animated or static ) or any helpful task or job
you can visit service section
If you build your reputation over time there's a lot of different services that you can offer from loans, escrow, to managing threads and things for people etc.
That's why you take collateral. If you take their account as such and only give them half or less than what it's actually worth you could make a decent profit if they default but if they don't then you make a little on the interest instead.
There is already many escrow services here. Some of them will serve
you for free, for only tips.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
you for free, for only tips.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
That's why you take collateral. If you take their account as such and only give them half or less than what it's actually worth you could make a decent profit if they default but if they don't then you make a little on the interest instead.
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I prefer Zakir over Muhammed when mentioning me!
i think both lending and becoming an escrow are good options but for both of them you will need some trust buildup. besides i fell like forum has enough of both of them.
you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
Lending doesn't need trust. For collateralised loans, escrow will be used and it can be done. Escrow needs significant trust and many people already offers 0% fee escrow already. It isn't a good way to earn.you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
Only when a member or below offer collateral, then you can accept the loan. Check for trust rating and posting history. If the person is an addicted gambler, common sense will tell you not to lend him. scammers here
I think nothing wrong even a newbie member can get loan if they have collateral...with the term that collateral must have worth 110% of the value of loan
But there are so many loaners around and most likely the loan requests will be filled before you can even see them. And there are some people that even offer interest free loans to people.
And you can be scammed even with collateral, the other part can reset the account's password or be about to receive red trust, or have other problems that will make them useless
You would make sure that the escrow actually changed all account details that could be used to reclaim the account that was given as collateral. Its something i have to be very cautious too, as an escrow. I never want to miss a potential way a seller could use to reclaim an account.
What can be done if the user put a secret question in his account? Do you verify it too?
Secret question can be changed or removed if you know the password of that account which obviously escrow or lender knows. So it is not at all a problem.
i think both lending and becoming an escrow are good options but for both of them you will need some trust buildup. besides i fell like forum has enough of both of them.
you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
Lending doesn't need trust. For collateralised loans, escrow will be used and it can be done. Escrow needs significant trust and many people already offers 0% fee escrow already. It isn't a good way to earn.you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
Only when a member or below offer collateral, then you can accept the loan. Check for trust rating and posting history. If the person is an addicted gambler, common sense will tell you not to lend him. scammers here
I think nothing wrong even a newbie member can get loan if they have collateral...with the term that collateral must have worth 110% of the value of loan
But there are so many loaners around and most likely the loan requests will be filled before you can even see them. And there are some people that even offer interest free loans to people.
And you can be scammed even with collateral, the other part can reset the account's password or be about to receive red trust, or have other problems that will make them useless
You would make sure that the escrow actually changed all account details that could be used to reclaim the account that was given as collateral. Its something i have to be very cautious too, as an escrow. I never want to miss a potential way a seller could use to reclaim an account.
What can be done if the user put a secret question in his account? Do you verify it too?
I never had this case but i would most probably change it. If it cant be changed then the account cant be secured and he needs to provide another collateral. Its nothing were you should think about trusting a bit. The slightest hole in the protection will be used by a scammer.
i think both lending and becoming an escrow are good options but for both of them you will need some trust buildup. besides i fell like forum has enough of both of them.
you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
Lending doesn't need trust. For collateralised loans, escrow will be used and it can be done. Escrow needs significant trust and many people already offers 0% fee escrow already. It isn't a good way to earn.you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
Only when a member or below offer collateral, then you can accept the loan. Check for trust rating and posting history. If the person is an addicted gambler, common sense will tell you not to lend him. scammers here
I think nothing wrong even a newbie member can get loan if they have collateral...with the term that collateral must have worth 110% of the value of loan
But there are so many loaners around and most likely the loan requests will be filled before you can even see them. And there are some people that even offer interest free loans to people.
And you can be scammed even with collateral, the other part can reset the account's password or be about to receive red trust, or have other problems that will make them useless
You would make sure that the escrow actually changed all account details that could be used to reclaim the account that was given as collateral. Its something i have to be very cautious too, as an escrow. I never want to miss a potential way a seller could use to reclaim an account.
What can be done if the user put a secret question in his account? Do you verify it too?
i think both lending and becoming an escrow are good options but for both of them you will need some trust buildup. besides i fell like forum has enough of both of them.
you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
Lending doesn't need trust. For collateralised loans, escrow will be used and it can be done. Escrow needs significant trust and many people already offers 0% fee escrow already. It isn't a good way to earn.you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
Only when a member or below offer collateral, then you can accept the loan. Check for trust rating and posting history. If the person is an addicted gambler, common sense will tell you not to lend him. scammers here
I think nothing wrong even a newbie member can get loan if they have collateral...with the term that collateral must have worth 110% of the value of loan
But there are so many loaners around and most likely the loan requests will be filled before you can even see them. And there are some people that even offer interest free loans to people.
And you can be scammed even with collateral, the other part can reset the account's password or be about to receive red trust, or have other problems that will make them useless
You would make sure that the escrow actually changed all account details that could be used to reclaim the account that was given as collateral. Its something i have to be very cautious too, as an escrow. I never want to miss a potential way a seller could use to reclaim an account.
i think both lending and becoming an escrow are good options but for both of them you will need some trust buildup. besides i fell like forum has enough of both of them.
you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
Lending doesn't need trust. For collateralised loans, escrow will be used and it can be done. Escrow needs significant trust and many people already offers 0% fee escrow already. It isn't a good way to earn.you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
Only when a member or below offer collateral, then you can accept the loan. Check for trust rating and posting history. If the person is an addicted gambler, common sense will tell you not to lend him. scammers here
I think nothing wrong even a newbie member can get loan if they have collateral...with the term that collateral must have worth 110% of the value of loan
But there are so many loaners around and most likely the loan requests will be filled before you can even see them. And there are some people that even offer interest free loans to people.
And you can be scammed even with collateral, the other part can reset the account's password or be about to receive red trust, or have other problems that will make them useless
i think both lending and becoming an escrow are good options but for both of them you will need some trust buildup. besides i fell like forum has enough of both of them.
you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
Lending doesn't need trust. For collateralised loans, escrow will be used and it can be done. Escrow needs significant trust and many people already offers 0% fee escrow already. It isn't a good way to earn.you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
Only when a member or below offer collateral, then you can accept the loan. Check for trust rating and posting history. If the person is an addicted gambler, common sense will tell you not to lend him. scammers here
I think nothing wrong even a newbie member can get loan if they have collateral...with the term that collateral must have worth 110% of the value of loan
i think both lending and becoming an escrow are good options but for both of them you will need some trust buildup. besides i fell like forum has enough of both of them.
you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
Lending doesn't need trust. For collateralised loans, escrow will be used and it can be done. Escrow needs significant trust and many people already offers 0% fee escrow already. It isn't a good way to earn.you can sell goods on the forum though. if you can i think selling stuff is a good business and it will build up your trust too.
But lending can be very profitable, but be careful.... there is a lot of
scammers here
Only when a member or below offer collateral, then you can accept the loan. Check for trust rating and posting history. If the person is an addicted gambler, common sense will tell you not to lend him. scammers here
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