Until escrow skips town. 
Or the escrow die 
Topic: Requirements for BTC Loan (Read 939 times)
Until escrow skips town.
Standard procedure for obtaining a loan is as follows:
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Request loan for x amount
- Provide adequate collateral to lender
- Receive loan
- Pay back loan
- Get your collateral back
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Obtain loan
- Log out of your forum account
- Create a new forum account and never log into the previous one again
LOL
The other option would be exactly like the second except that the lender would take the collateral and gtfo with it.
That where the third party escrow comes into play.
Yes. Escrow comes into play at the second option too
Standard procedure for obtaining a loan is as follows:
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Request loan for x amount
- Provide adequate collateral to lender
- Receive loan
- Pay back loan
- Get your collateral back
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Obtain loan
- Log out of your forum account
- Create a new forum account and never log into the previous one again
LOL
The other option would be exactly like the second except that the lender would take the collateral and gtfo with it.
That where the third party escrow comes into play.
Standard procedure for obtaining a loan is as follows:
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Request loan for x amount
- Provide adequate collateral to lender
- Receive loan
- Pay back loan
- Get your collateral back
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Obtain loan
- Log out of your forum account
- Create a new forum account and never log into the previous one again
LOL
The other option would be exactly like the second except that the lender would take the collateral and gtfo with it.
It depends. If you ask for a very small amount like 1-2$, you might have that loan if you provide a good reason or proof. } else { No you'll never have a loan without collateral if the loan amount is too high
i have a .CO.UK domain wich expires at the end of next yearive had it hosted on a free account and just use it for testing would i be able to use this as collateral.
I could trade it for this comic book.
i have a .CO.UK domain wich expires at the end of next yearive had it hosted on a free account and just use it for testing would i be able to use this as collateral.
Standard procedure for obtaining a loan is as follows:
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Request loan for x amount
- Provide adequate collateral to lender
- Receive loan
- Pay back loan
- Get your collateral back
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Obtain loan
- Log out of your forum account
- Create a new forum account and never log into the previous one again
Type 3, provide collateral, lender creates new account and loses access to old account.
Standard procedure for obtaining a loan is as follows:
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Request loan for x amount
- Provide adequate collateral to lender
- Receive loan
- Pay back loan
- Get your collateral back
If you manage to obtain a loan without collateral, standard procedure is as follows:
- Obtain loan
- Log out of your forum account
- Create a new forum account and never log into the previous one again
I've always though it was ridiculous the way people want collateral in the form of an alt coin equating to MORE than the value of the actual loan. The person wanting to borrow might as well exchange his alt coin for the coin he wants.
You didn't think this through, did you?
Perhaps not. I personally have no desire for a loan, I just think there should be a better way to go about getting one for people that do.
If you had £1000 in cash and needed $1000 for whatever reason would you borrow $1000 from someone else using £1000 as collateral? No, you would think that the person offering this loan had been completely removed from their senses for even suggesting this.
Basically newbs aren't going to get a loan. I'm sure when this forum started or in the earlier days it would've been easier, but as BTC grew so have the scammers. It's only logical that people don't trust people on the net so they need some assurance that they're gonna get their money back. You also don't have to offer money as collateral. Other things can be used.
Some have a nice stockpile of alt coins and want to keep until the price goes back up but they need some funds now. 100+% collateral also helps ensure they aren't just using the lender as an exchange. Also, if that collateral bottoms out, the lender has a worthless loan/collateral.
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I've always though it was ridiculous the way people want collateral in the form of an alt coin equating to MORE than the value of the actual loan. The person wanting to borrow might as well exchange his alt coin for the coin he wants.
You didn't think this through, did you?
Perhaps not. I personally have no desire for a loan, I just think there should be a better way to go about getting one for people that do.
If you had £1000 in cash and needed $1000 for whatever reason would you borrow $1000 from someone else using £1000 as collateral? No, you would think that the person offering this loan had been completely removed from their senses for even suggesting this.
Basically newbs aren't going to get a loan. I'm sure when this forum started or in the earlier days it would've been easier, but as BTC grew so have the scammers. It's only logical that people don't trust people on the net so they need some assurance that they're gonna get their money back. You also don't have to offer money as collateral. Other things can be used.
I've always though it was ridiculous the way people want collateral in the form of an alt coin equating to MORE than the value of the actual loan. The person wanting to borrow might as well exchange his alt coin for the coin he wants.
You didn't think this through, did you?
Perhaps not. I personally have no desire for a loan, I just think there should be a better way to go about getting one for people that do.
If you had £1000 in cash and needed $1000 for whatever reason would you borrow $1000 from someone else using £1000 as collateral? No, you would think that the person offering this loan had been completely removed from their senses for even suggesting this.
I've always though it was ridiculous the way people want collateral in the form of an alt coin equating to MORE than the value of the actual loan. The person wanting to borrow might as well exchange his alt coin for the coin he wants.
You didn't think this through, did you?
I've always though it was ridiculous the way people want collateral in the form of an alt coin equating to MORE than the value of the actual loan. The person wanting to borrow might as well exchange his alt coin for the coin he wants.
Yeah watch out for scams
I've always though it was ridiculous the way people want collateral in the form of an alt coin equating to MORE than the value of the actual loan. The person wanting to borrow might as well exchange his alt coin for the coin he wants.
Ask your lender for requirements
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i want to apply for a BTC loan and was just wondering what the requirements were:
I know it says you can use collateral but what can i use as collateral
Would people be willing to loan me BTC if i didnt have any collateral
I know it says you can use collateral but what can i use as collateral
Would people be willing to loan me BTC if i didnt have any collateral
You almost certainly won't get a loan without offering some sort of collateral. People tend to only loan money if you've got other coins of equal value to what you want to lend, but it's kinda pointless then anyway. You might be able to get a small loan, but even then that might be difficult.
i want to apply for a BTC loan and was just wondering what the requirements were:
I know it says you can use collateral but what can i use as collateral
Would people be willing to loan me BTC if i didnt have any collateral
I know it says you can use collateral but what can i use as collateral
Would people be willing to loan me BTC if i didnt have any collateral
Search is your friend. Many threads on this topic.
i want to apply for a BTC loan and was just wondering what the requirements were:
I know it says you can use collateral but what can i use as collateral
Would people be willing to loan me BTC if i didnt have any collateral
I know it says you can use collateral but what can i use as collateral
Would people be willing to loan me BTC if i didnt have any collateral
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