Topic: Starfish Personal Credit Ratings (Read 4807 times)

yes, I'm going to be changing that

haha

I would say, try the bitcoin-otc system, but as it were it's a JOKE as well.

pirateat40 HAD a rating from 08-23-2012 from a user that has SINCE DISAPPEARED.
http://bitcoin-otc.com/viewratingdetail.php?nick=pirateat40

Gotta love it.

He hasn't asked for one. 

Hey Patrick, how's Trendon's Credit Rating doing ?

Do you need more info to get everything calculated ?

Pass-throughs are normally uninsured and at depositors own risk.  Burt and Giga are not running big pass-throughs like Payb.tc

Within categories or as a whole list.  I would imagine someone quoting a rating would provide a direct link, and is heavily used in my browser so I didn't consider it a big issue.  However, I will update when I add the next person.

Patrick,

I believe it would be beneficial to order the lists in alphabetical order. When many will have used Starfish Personal Credit Ratings, it will be hard to find a user.

Will you reduce giga and burtw 5-starfish rating when their pass-throughs default?

How's my credit rating ?

I am currently looking for a 2500 BTC loan. You know how it is....I have something coming in to cover it.

With no ID you would be pretty limited in the credit anyone could/should extend - also it limits the ability to recover funds.  Essentially you're asking people to send funds to a random address and hoping it will come back.  If you had a decent reputation for trading elsewhere, people might extend greater trust. 

I have done many loans without full ID verification, but used other assessments.  However, for the Starfish ratings where I'm taking on a contingent liability, that's different and requires a higher level of proof, and hence ID is important.

Do I get a special rate if I let you into the SaltySpitoon? You did get in a fight after all, even if you did lose. But you are a world champion kickboxer, so I guess its alright.

On a more serious note, is there any way to get a star fish rating without personal ID and stuff? I know you say that its money, so anonymity doesn't matter, but what if you have forced anonymity?

 A rough and quite arbitrary/subjective guide:

How do you get a five starfish rating like Giga?  Borrow multiple thousands several times and repay on time/in full/no fuss.

How to get a four-Starfish rating like Slider1978?  He has completed two loans ( a few hundred coins each) running more than half a year.  Good communication, prompt payments.  Extremely solid track record.

A three-starfish rating would require a decent OTC or referral from one of the other regular lenders.  i.e. a track record.  Strangely enough, I've done quite a few transactions with Bitlane (even if he is mad as batshit sometimes - see zero starfish below), but he's been reliable in my trading with him.

A two starfish rating would require a decent amount of ID, plus something that you have that is at risk like your online reputation.  Particularly useful for people like forum staff, those that have bitcoin businesses or a ton of posts about sensible things.  You might have completed a small trade/loan with someone else.

A one-starfish rating means worth risking a small loan, but not established.

How to get a zero-rating? Complain about having to provide any information and that Bitcoin should be anonymous - forget it.  Previous default, dodgy dealings, or just being a pain in the ass generally.

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Copied from a message I prepared for someone last week:

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Ok, the usual stuff is for you to email me some information - better if it's from a work email or a non-free account, but I understand people have gmail accounts - send to   (and yes, this stuff is confidential, and what I would ask for doing a loan)

Date of birth, phone, address, photo ID showing address and/or DOB is good (might be more than one doc).  A passport can be handy.
Do you have a job and who?  (Basically, that's evidence to help identify you with an address and a person.)

Online presence - personally I don't use facebook, but many do.  What other online communities would verify/vouch for you.

Trading? On the forum, OTC-web of trust?  What are you putting at risk if you fail to repay a loan?
(i.e. some people have invested years building reputation and pulling a simple scam for a few coins wouldn't be worth it)

Repayment ability - how are you going to manage this?  Do you mine, have some sort of fancy trading strategy, or simply going to put money from day-job into coins to cover things.  Can you provide collateral?

Essentially, the more you can prove you are real and honest, the better.  Some people on the forum don't understand that, and some ID elements can be faked. 

What are the criteria for the different credit ratings? And what is the info you will be needing?

and here's 0

Given the inspiration from Nimda, I've put a couple of sample names/ratings into post#2.

You're welcome

Offtopic: you can also supply width and/or height:

I was looking at the image insert last week - didn't quite get it the way I wanted - thanks for supplying some code

Maybe something like this?
(0)
(3)
(5)
or...