Topic: Quickseller vs Legendster - page 4. (Read 3794 times)

No I wouldn't lend him that much. I was just pointing out that collateral is optional was all. I think it should be used most of the time, but it is a choice not a rule.

Offcourse building a faucet is a hundred times cheaper than trying to buy an established faucet, but you do know there are added costs and implications when you have a brand new faucet that no one knows about, but in case of the puddle network it was already listed on landofbitcoins and faucetbox.

When it comes to making money from a faucet you have to ensure that the revenue generated from the adverts is sufficient enough to keep the websites running profitably.

Are you an idiot ?

Did you overlook the part where I say its MANDATORY to ESCROW ALL COLLATERAL on my lending thread ? Isnt the idea of a self moderated thread based on to reduce clutter from trolls such as yourself ?

Also which part of I AM NOT ASKING FOR a 60 BTC LOAN you dint get ? Its a JAM listing !! One can invest from a few satoshis upto as much as one desires!



And yes by all means LOOK at my trust.


-edit-
When I ask people to set their trust depth to 4 it is generally for them to have an idea of most my ENTIRE trade history and not just the ones that show up as default. I didnt say that to rip someone off I said that on numerous occasions to NEWBIES who had no idea how the trust system works and if they were going to judge me based on the trust system they should take a look at my ENTIRE reputation history and not just a few.

Seems more like a rule than a suggestion.

Would you be willing to lend him 60 BTC without collateral? If someone were to lend him that much, what do you think the chances are that he would repay the loan (be sure to look at his trust first)?

Collateral is a Suggestion not a Rule...I lend without it from time to time. It is the lenders choice if they require collateral to lend or not.

You are asking for a large sum of money WITHOUT collateral which is one of the lending section rules. You should be getting negged based on that.

Don't see how Quickseller overreacted.

Why not just make and build a faucet yourself? I can help :p

Almost anyone that is not outright offering/willing to use escrow is almost certain to be 100% scamming, period. Even the most trusted members of the forum offer the use of a neutral third party escrow service when soliciting trades with others.

The faucet that you claim to want to buy is not worth 60 BTC, which is the amount you are requesting, it does not matter that the loan will fund at a lower amount, if enough lenders are stupid enough to lend you 60 BTC then that is how much you will receive.

The seller of the faucet was trying to get a scammy loan using his faucets as collateral. His faucets are not worth .1 BTC altogether, let alone whatever amount he was claiming they were worth. I am not even going to try to do the math to determine how many users would need to visit the faucets every day for it to potentially have that much revenue, however the numbers are just not realistic. It is a well known fact that running faucets are simply not profitable, especially not to that scale.

Asking for collateral upfront when lending funds is a trend that scammers try in order to steal from their potential borrowers. Anyone who has legit intentions of actually lending should have no problem with a trusted escrow holding collateral, and when other lenders neglect to include this option in their OP, I have never seen any lender having any issue with either myself or someone else making the statement that all collateral should be held by a trusted third party. The fact that this person has negative trust is an indication that collateral is likely to be stolen in the event it is sent directly to him.

For the record the OP has a self moderated thread and deleted my comment about the importance of all collateral being held by a third party, and the only reason why I did not give him negative trust for such deletion is that he quoted my post and agreed that he would not have an issue with having collateral being held by escrow (although he did make a snide comment that my suggest was the stupidest thing he has ever heard)

Additionally I have seen this person, on numerous occasions tell potential trading partners to modify their trust settings to have a trust depth set to "4" in order to get a "more accurate" reading of his trust. Having a trust depth of this much is not reliable and is very easily to manipulate, and this suggest is in itself scammy.    

edit: I see that he has since deleted his post agreeing to have all collateral held by escrow

So I sent a message to this Quickseller guy and this is how it went.

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I dont think this kid is a proper evaluator or is qualified enough to evaluate a popular faucet.

Also instead of actually reading my JAM application which would actually fund for 70% of the listed price he is constantly banging his head that I am asking for a 60 bTC loan - which I am not! I also didnt set the price of this faucet it was the seller's price and based on the amount of traffic his sites gets it has been evaluated to be quite expensive.

Now if someone is here who has a better set of evaluation skills and actually thinks that the puddle network is not worth what the seller is asking for then I am open to suggestion  but according to me this kid is acting immaturely.

Details about the faucet purchase is all written here https://bitcointalksearch.org/topic/purchasing-the-puddle-network-jam-listing-1455-apr-952197

Then it boils down to his trust ratings, Yes I see that he has a few positive reps and a ton of negative reps, the negative ones are offcourse from scammers and other idiots who he busted but MOST of the positive ones are from people with almost no trade history or reps, and seeing how he sells forum accounts I wouldnt be surprised if those are his own shill accounts. This doesnt mean that he doesnt have a good rep but basically he has not dealt with or accused someone legit like me and fails to understand the consequences of a negative report from a legit guy.

He went to the extent of going to my lending thread where I offer maximum 1 BTC to lend and is warning people to not trust me with their collateral as I will run away with their collateral... that really ticked me off. https://bitcointalksearch.org/topic/legendster-offering-loans-to-everyone-collateral-required-953547 (the comment has since been deleted and a modified term of using a trusted escrow has since been added which is an unnecessary complication for small loans)

So my question to other sensible users here who have been around here longer than me or at least as long as  have is that do I take a risk and report this idiot by posting a negative on his trust score ? - This would indefinitely get me 1 red as well but would it be worth it ? As of yet I dont have a bone to pick with this guy but I feel its gonna happen eventually.

Or do I do my best to ignore his whimsical existence ?