What Kind of Collateral is Allowed? | Bitcointalksearch.org

dejames

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Quote from: ThatRandom8543 on February 20, 2017, 12:21:49 AM

Even if its a last resort, without contributing to the community, and without being someone who is trustworthy, getting a loan without proper collateral will be hard for you. It would be best to try friends and family first before coming here. Good luck bud!

Which is why I'm asking questions about the collateral. I'm sure I won't need it, but just curious that's all

Thanks and you have a nice day too!

ThatRandom8543

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Quote from: dejames on February 19, 2017, 10:52:37 PM

Quote from: condoras on February 19, 2017, 08:07:05 PM

That's good but don't forget.
You will not built trust here asking Loans, here it's not some Lending service site.

I wsh you though all the best, good luck. Cool

I was looking around the sub-forums and am surprised that lending facilities exist. Hopefully I will never need a loan; I see it as a very last resort.

You have a good day as well

Even if its a last resort, without contributing to the community, and without being someone who is trustworthy, getting a loan without proper collateral will be hard for you. It would be best to try friends and family first before coming here. Good luck bud!

dejames

member

Activity: 96

Merit: 10

Quote from: condoras on February 19, 2017, 08:07:05 PM

That's good but don't forget.
You will not built trust here asking Loans, here it's not some Lending service site.

I wsh you though all the best, good luck. Cool

I was looking around the sub-forums and am surprised that lending facilities exist. Hopefully I will never need a loan; I see it as a very last resort.

You have a good day as well

condoras

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This is what I do. I drink and I know things.

Quote from: dejames on February 19, 2017, 07:36:48 PM

Quote from: bitcoin revo on February 19, 2017, 07:10:35 PM

Quote from: dejames on February 19, 2017, 07:01:47 PM

But doesn't this invalidate most paypal transactions since you can practically chargeback most payments?

PayPal should never be used for collateral, IMO. If you're asking about it being used in exchange for bitcoin, you're right; that's why the person in a currency exchange of PP/BTC typically needs to be somewhat reputable.

Quote from: dejames on February 19, 2017, 07:01:47 PM

Also, doesn't it mean facebook and instagram accounts should never be allowed to be sold or traded?

I've never traded social media accounts before so I'm not sure if there are methods of making sure that those account trades are irreversible, but I'd think that the same rule as above (person w/ account needs rep) would follow.

Ok thanks. I will look more into the rep requirements continue to build up my own rep.

That's good but don't forget.
You will not built trust here asking Loans, here it's not some Lending service site.

I wsh you though all the best, good luck. Cool

dejames

member

Activity: 96

Merit: 10

Quote from: bitcoin revo on February 19, 2017, 07:10:35 PM

Quote from: dejames on February 19, 2017, 07:01:47 PM

But doesn't this invalidate most paypal transactions since you can practically chargeback most payments?

PayPal should never be used for collateral, IMO. If you're asking about it being used in exchange for bitcoin, you're right; that's why the person in a currency exchange of PP/BTC typically needs to be somewhat reputable.

Quote from: dejames on February 19, 2017, 07:01:47 PM

Also, doesn't it mean facebook and instagram accounts should never be allowed to be sold or traded?

I've never traded social media accounts before so I'm not sure if there are methods of making sure that those account trades are irreversible, but I'd think that the same rule as above (person w/ account needs rep) would follow.

Ok thanks. I will look more into the rep requirements and continue to build up my own rep.

bitcoin revo

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Quote from: dejames on February 19, 2017, 07:01:47 PM

But doesn't this invalidate most paypal transactions since you can practically chargeback most payments?

PayPal should never be used for collateral, IMO. If you're asking about it being used in exchange for bitcoin, you're right; that's why the person in a currency exchange of PP/BTC typically needs to be somewhat reputable.

Quote from: dejames on February 19, 2017, 07:01:47 PM

Also, doesn't it mean facebook and instagram accounts should never be allowed to be sold or traded?

I've never traded social media accounts before so I'm not sure if there are methods of making sure that those account trades are irreversible, but I'd think that the same rule as above (person w/ account needs rep) would follow.

dejames

member

Activity: 96

Merit: 10

Quote from: bitcoin revo on February 19, 2017, 06:55:16 PM

Quote from: dejames on February 19, 2017, 06:31:44 PM

I want to know if there is a possibility of using say a facebook or instagram account as collateral. If possible, how might one go about doing so and if an escrow would be needed to complete the transaction.

Most likely not, since Facebook and Instagram accounts are reclaimable by the original owner if he/she files a report that it was hacked.

Rule of thumb: ask yourself if it's possible in any way for the original owner to pull a shady tactic to snatch the collateral back.

Thanks for the reply.

But doesn't this invalidate most paypal transactions since you can practically chargeback most payments?

Also, doesn't it mean facebook and instagram accounts should never be allowed to be sold or traded?

bitcoin revo

legendary

Activity: 1168

Merit: 1049

Quote from: dejames on February 19, 2017, 06:31:44 PM

I want to know if there is a possibility of using say a facebook or instagram account as collateral. If possible, how might one go about doing so and if an escrow would be needed to complete the transaction.

Most likely not, since Facebook and Instagram accounts are reclaimable by the original owner if he/she files a report that it was hacked.

Rule of thumb: ask yourself if it's possible in any way for the original owner to pull a shady tactic to snatch the collateral back.

dejames

member

Activity: 96

Merit: 10

Quote from: socks435 on February 19, 2017, 06:26:12 PM

What exactly you want to know?
The possible that i know valid collateral are altcoins and high rank accounts since your account is not acceptable as collateral you can try to give altcoin as collateral.. there are some lender are accepting altcoin or other acceptable collateral.. better to look for their threads and check every thread which are their acceptable collateral..

I want to know if there is a possibility of using say a facebook or instagram account as collateral. If possible, how might one go about doing so and if an escrow would be needed to complete the transaction.

socks435

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Privacy is always important

Quote from: dejames on February 19, 2017, 06:22:19 PM

Quote from: josephdd1 on February 19, 2017, 05:56:38 PM

Quote from: dejames on February 19, 2017, 04:26:31 PM

I'm not looking for a loan at the moment. But just wondering, what kind of collateral is allowed here? Can twitter, facebook, instagram, linkedin accounts be used as collateral? If so, what is the process like and will an escrow be needed?

Also, what is the normal interest rate for a 2-3 months loan?

You can always start and read the stickies here, in this section.
https://bitcointalksearch.org/topic/m.6311902

Try not to be lazy next time, cheers.

Thanks. I've previously read it but it doesn't specifically address my questions.

What exactly you want to know?
The possible that i know valid collateral are altcoins and high rank accounts since your account is not acceptable as collateral you can try to give altcoin as collateral.. there are some lender are accepting altcoin or other acceptable collateral.. better to look for their threads and check every thread which are their acceptable collateral..

dejames

member

Activity: 96

Merit: 10

Quote from: josephdd1 on February 19, 2017, 05:56:38 PM

Quote from: dejames on February 19, 2017, 04:26:31 PM

I'm not looking for a loan at the moment. But just wondering, what kind of collateral is allowed here? Can twitter, facebook, instagram, linkedin accounts be used as collateral? If so, what is the process like and will an escrow be needed?

Also, what is the normal interest rate for a 2-3 months loan?

You can always start and read the stickies here, in this section.
https://bitcointalksearch.org/topic/m.6311902

Try not to be lazy next time, cheers.

Thanks. I've previously read it but it doesn't specifically address my questions.

josephdd1

hero member

Activity: 1358

Merit: 513

Quote from: dejames on February 19, 2017, 04:26:31 PM

I'm not looking for a loan at the moment. But just wondering, what kind of collateral is allowed here? Can twitter, facebook, instagram, linkedin accounts be used as collateral? If so, what is the process like and will an escrow be needed?

Also, what is the normal interest rate for a 2-3 months loan?

You can always start and read the stickies here, in this section.
https://bitcointalksearch.org/topic/m.6311902

Try not to be lazy next time, cheers.

dejames

member

Activity: 96

Merit: 10

I'm not looking for a loan at the moment. But just wondering, what kind of collateral is allowed here? Can twitter, facebook, instagram, linkedin accounts be used as collateral? If so, what is the process like and will an escrow be needed?

Also, what is the normal interest rate for a 2-3 months loan?

Topic: What Kind of Collateral is Allowed? (Read 507 times)