Title: valid collateral Post by: asanasuooooos on September 02, 2016, 11:51:51 AM hi all
are ebay gift card is valid collateral Title: Re: valid collateral Post by: stiffbud on September 02, 2016, 11:54:10 AM hi all are ebay gift card is valid collateral for me it's not. It will lookmore like you want to sell it but someone might be interested. Here's a list of valid collateral from vod What is considered collateral? Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan. - The best collateral is another crypto-currency, such as Litecoin (also written as LTC). Coins must be moderately traded on multiple exchanges. - Some digital wares such as domain names can be considered as long as the user cannot recover it. - Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc. - Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan. Try localbitcoins.com (http://localbitcoins.com) What is not considered collateral? - Items they want to sell. They don't want it back, so they will default. It's scammy unethical behavior and will lead to negative trust. Check their recent posts! - Items not in hand. Don't trust a user that promises to give you something *when* they default! Tracking numbers only show something has been mailed - it could be an empty box. - Future income. You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt. - Identification. So what if they can prove who they are. Are you going to spend more money and time taking them to court on untested legal grounds? You'll probably just walk away, like everyone does. ID is useless. - Games codes or similar. To verify the collateral you need to use the code, which destroys the collateral. Consider this a purchase, not a loan. (Post in Digital Goods (https://bitcointalk.org/index.php?board=93.0) instead) - Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight. - Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time. Escrow can't even help, as paypal charge backs can come over 6 months later! - Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account) Examples: Steam Title: Re: valid collateral Post by: knightkon on September 02, 2016, 03:38:18 PM I have to comment on here.
1st, for some lenders, an eBay card may be valid collateral. I would take the card as collateral, however the issue I have is this: Not 20 days ago you made claim that you had 10.1 bitcoin available for loan or investment (I forget which one). Reference (http://) Now you are here looking to verify collateral for a loan???? Come on here. You may be a cool guy, I do not know, but you need to reevaluate what you are doing for you are going to make a really bad name for yourself. Title: Re: valid collateral Post by: josephdd1 on September 02, 2016, 03:59:27 PM I have to comment on here. 1st, for some lenders, an eBay card may be valid collateral. I would take the card as collateral, however the issue I have is this: Not 20 days ago you made claim that you had 10.1 bitcoin available for loan or investment (I forget which one). Reference (http://) Now you are here looking to verify collateral for a loan???? Come on here. You may be a cool guy, I do not know, but you need to reevaluate what you are doing for you are going to make a really bad name for yourself. Come on, Op already have a bad name here after posting/ opening 2 times a Thread just to tell us that he had a bunch of BTC. Now, he is open a thread to ask about collateral...LOL Next time Op, just create a thread and ask if we are humans.... ::) ;D Title: Re: valid collateral Post by: knightkon on September 02, 2016, 04:01:52 PM I have to comment on here. 1st, for some lenders, an eBay card may be valid collateral. I would take the card as collateral, however the issue I have is this: Not 20 days ago you made claim that you had 10.1 bitcoin available for loan or investment (I forget which one). Reference (http://) Now you are here looking to verify collateral for a loan???? Come on here. You may be a cool guy, I do not know, but you need to reevaluate what you are doing for you are going to make a really bad name for yourself. Come on, Op already have a bad name here after posting/ opening 2 times a Thread just to tell us that he had a bunch of BTC. Now, he is open a thread to ask about collateral...LOL Next time Op, just create a thread and ask if we are humans.... ::) ;D |