Verified on KEYBASE.io? Then you qualify for [btc] loan! No other collateral req

silvermannnn

newbie

Activity: 5

Merit: 0

go SILVER here!

To reiterate:

To qualify for an unsecured loan you must have a valid Keybase.io identity with at least 3 proofs.
Based on this we will conduct due diligence and may loan up to .04BTC.
If you don't qualify for an unsecured loan we may offer a secured loan, but only for amounts over .04BTC.
I think the reaction is the "too good to be true" reflex. So, again, we are rejecting applicants we can't underwrite. We are managing risk through reputation.

Thank you.

onnz423

hero member

Activity: 840

Merit: 508

Make winning bets on sports with Sportsbet.io!

Quote from: HeroC on May 27, 2017, 10:37:32 AM

I won't tell you to stop, but be warned. Many people may try to scam you. I have a keybase account with 9 invites, and I imagine others have more. It isn't that hard to fake a valid identity.

You do not even need to have an invite now, im not sure why they have not removed the invites already since you can register without one. But yeah you are right, anyone can generate an PGP key and few social media accounts in a moment. I heavily suggest giving loans on trust and collateral rather than some social media.

HeroC

legendary

Activity: 858

Merit: 1000

I won't tell you to stop, but be warned. Many people may try to scam you. I have a keybase account with 9 invites, and I imagine others have more. It isn't that hard to fake a valid identity.

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: silvermannnn on May 25, 2017, 04:25:28 PM

go SILVER man!

Quote from: silvermannnn on May 26, 2017, 08:28:55 AM

go Silver here!

Not sure if he is trolling lol but every post that you reply to along with that tagline reminds me of "Run Forest Run" scene from Forest Gump.

Quote from: ThatRandom8543 on May 26, 2017, 05:25:09 PM

I would suggest locking this thread and rethinking everything before you lose coins to scammers. Just because something looks legit doesnt mean it is. Never judge a book by its cover.

Why lock the thread ? He needs to openly address the pros and cons of lending though his modal.Moreover,I'd like to see how it goes.I mean let's see if any verified keybase.io user ever pays back his loans.

ThatRandom8543

sr. member

Activity: 1344

Merit: 307

I would suggest locking this thread and rethinking everything before you lose coins to scammers. Just because something looks legit doesnt mean it is. Never judge a book by its cover.

Good luck because you will need it if you continue.

bitcoin revo

legendary

Activity: 1168

Merit: 1049

Quote from: silvermannnn on May 26, 2017, 04:32:08 PM

I can tell you there is no reward for Keybase.io accounts to my knowledge. That bit of tech is free.

There will be if you're lending up to 0.04BTC for every Keybase account that is verified and looks legit.

silvermannnn

newbie

Activity: 5

Merit: 0

go SILVER man!

@bitcoin_revo ... Hopefully we'll get many legitimate loan requests. I can tell you there is no reward for Keybase.io accounts to my knowledge. That bit of tech is free.

bitcoin revo

legendary

Activity: 1168

Merit: 1049

Quote from: silvermannnn on May 26, 2017, 01:55:04 PM

@patates ... The purpose of Keybase.io-based lending is identity-based recourse. If we don't like your proofs, etc. you're not getting the loan.

Seeing as how people on this forum are willing to go to extreme measures to scam $5, I would not be surprised if there is someone creating fake accounts and spoofing them to look adequately real to verify on Keybase right now.

This is a nice idea, but quite frankly, I can't help but see this as a reward of ~$90 to people willing to forge real-looking verifications and connect it to a new Keybase account - plus the few legitimate loan requests.

Quote from: silvermannnn on May 26, 2017, 01:55:04 PM

@Dowomo via @patates ... Repayment data thus far suggests viability of this approach with the right due-dilligence.

...sounds contradictory with...

Quote from: silvermannnn on May 26, 2017, 01:55:04 PM

We'll be reporting our results. Not takers thus far & nothing to report.

silvermannnn

newbie

Activity: 5

Merit: 0

go Silver here!

@patates ... The purpose of Keybase.io-based lending is identity-based recourse. If we don't like your proofs, etc. you're not getting the loan.
@Dowomo via @patates ... Repayment data thus far suggests viability of this approach with the right due-dilligence.

We'll be reporting our results. Not takers thus far & nothing to report.

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: silvermannnn on May 26, 2017, 08:28:55 AM

@Starlightbreaker ... loans above .04BTC will require collateral, but as of now we're not offering loans of that size.

So I can just make a throwaway account with the keybase invite I've from one of my original accounts and take away $100 from you ? Sounds like a great deal to me.

Quote from: Duomo on May 25, 2017, 10:23:59 PM

Wait, you're willing to lend people almost $100 (U.S.D) for a Keybase account and a few identity options...? That doesn't make any sense. There is this thing called collateral which you should inquire about if you make a loan...

Correct.He will realize it after losing his coins.Don't know what model he is following where all the charts are leading to only one thing,that is losing bitcoins.

silvermannnn

newbie

Activity: 5

Merit: 0

go Silver here!

This is an unsecured loan based on identity and reputation, but there IS a loan underwriting process/methodology:

Newbie and unverified Keybase.io accounts are unlikely to be approved for loans.
Up to .04BTC means you may qualify for less (or nothing) after loan review.
Loan review and approval process can take up to 72 hours.

@Duomo ... we believe our underwriting process is sound.
@Starlightbreaker ... loans above .04BTC will require collateral, but as of now we're not offering loans of that size.
@Digran ... our model isn't much different from LendingClub in terms of underwriting.

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Isn't this obvious really? Op is trying to cheer people to go and create keybase.io accounts, I am willing to swear that many members done the same thing as soon as they saw this thread. I can see some newbies trying to sign up on keybase, this is one of the oldest tricks in the book.
Recently a gambling casino promised 0.01 but they only paid half and never paid the other half and currently they have locked their thread.

BITSTARZ.
LOL.

Starlightbreaker

legendary

Activity: 1764

Merit: 1006

Quote from: silvermannnn on May 25, 2017, 04:25:28 PM

Verified on KEYBASE.io? Then you qualify for BTC loan! No other collateral required.

Requirements:

Valid keybase.io account
At least three identity proofs on keybase.io
keybase.io bitcoin address
loan amounts up to .04BTC for qualifying borrowers.
Competitive rates based on reputation, prior borrowing and market movement.

go SILVER man!

It's good to always quote posts of a noob, especially when it's the first one and offering/asking loans.
something its not right here but i cant figure out atm what...

Maybe in a couple of hrs, we know more. Cool

Lone Shark

sr. member

Activity: 588

Merit: 250

People can just make newbie accounts with new keybase.io accounts with new email accounts with everything new, and they can just run with your money. Why do you think you are safe using this as collateral. From the stickies, you'll see that identification or ID is not a valid collateral, no matter what it is.

If you want to give away money, then proceed with your loan business.

Duomo

hero member

Activity: 588

Merit: 500

☃

Wait, you're willing to lend people almost $100 (U.S.D) for a Keybase account and a few identity options...? That doesn't make any sense. There is this thing called collateral which you should inquire about if you make a loan...

silvermannnn

newbie

Activity: 5

Merit: 0

Verified on KEYBASE.io? Then you qualify for BTC loan! No other collateral required.

Requirements:

Valid keybase.io account
At least three identity proofs on keybase.io
keybase.io bitcoin address
loan amounts up to .04BTC for qualifying borrowers.
Competitive rates based on reputation, prior borrowing and market movement.

go SILVER man!

Topic: Verified on KEYBASE.io? Then you qualify for [btc] loan! No other collateral req (Read 679 times)