Bitcoin Forum

Economy => Lending => Topic started by: tenk on October 14, 2016, 11:49:29 AM



Title: [Question] BCTalk account collateral
Post by: tenk on October 14, 2016, 11:49:29 AM
I hope its alright to post it here and pardon my ignorance.

My question is if someone wanted a loan and he used his BCTalk account as collateral, will the loan shark (for lack of better term, wait I got it, Creditor!) hold on to the account? I mean will the Debtor (account owner), give the login details and allow the Creditor to change the account login details?

How will the Creditor appraise the account? Via bctalkaccountpricer (http://www.bctalkaccountpricer.info)?

Thanks! :)


Title: Re: [Question] BCTalk account collateral
Post by: harizen on October 14, 2016, 12:16:54 PM
I hope its alright to post it here and pardon my ignorance.

My question is if someone wanted a loan and he used his BCTalk account as collateral, will the loan shark (for lack of better term, wait I got it, Creditor!) hold on to the account? I mean will the Debtor (account owner), give the login details and allow the Creditor to change the account login details?

How will the Creditor appraise the account? Via bctalkaccountpricer (http://www.bctalkaccountpricer.info)?

Thanks! :)

It depends on both parties agreement terms, the borrower may ask for an escrow to hold their account or they can give directly the login details to the lender.

Account's worth and value are based on lender's preferences and own view. The stats shown at the website you mentioned is just for reference purposes but can't be a consider as a basis of one's account post quality.

Will the escrow/creditor change the login details?

I forgot. Yes they will change it obviously if the borrower decided to give the account to the lender.


Title: Re: [Question] BCTalk account collateral
Post by: tenk on October 14, 2016, 12:23:43 PM
Will the escrow/creditor change the login details?


Title: Re: [Question] BCTalk account collateral
Post by: condoras on October 14, 2016, 12:26:30 PM
Will the escrow/creditor change the login details?

Of course he will, it will have any logic to keep them the same? ??? ::)

Why you will use him after all?                                                                                                                                                                                                                     


Title: Re: [Question] BCTalk account collateral
Post by: tenk on October 14, 2016, 12:31:10 PM
Will the escrow/creditor change the login details?

Of course he will, it will have any logic to keep them the same? ??? ::)

Why you will use him after all?                                                                                                                                                                                                                     

Was just wondering. Thank you for your answer Condoras.


Title: Re: [Question] BCTalk account collateral
Post by: Doamader on October 14, 2016, 02:16:32 PM
Those is a hard market and sensible colateral, as some people just farm their accounts and then go ask for loans, they could join a signature but they farm lets say 10 accounts at same time and then dump them into the loans requests.
Btc pricer gives an estimated value of the account, in the general people do take a look over it, post quality and when the posts has been made and is there is a staked message.


Title: Re: [Question] BCTalk account collateral
Post by: Atomicat on October 14, 2016, 03:07:09 PM
IMO, bctalkaccountpricer overestimates the value of most/every account so I only use it to check post quality and staked addresses.


Title: Re: [Question] BCTalk account collateral
Post by: Lionidas on October 14, 2016, 03:33:12 PM
IMO, bctalkaccountpricer overestimates the value of most/every account so I only use it to check post quality and staked addresses.
How can it over estimate the value? It does not grade the trust ratings that shows the more value to the account because if it has any negative then the  account is worthless to anyone who is in the lending sector.

And OP. It seems that you bought an account and got it banned so you are wanting to use it as collateral.
Good luck with that one! ;)