Title: What IS and ISN'T collateral. Post by: Boelens on August 08, 2013, 06:27:49 PM Alright, so, many people have been asking for loans, providing completely no collateral, or not knowing what collateral is. I saw Nimda make a small post on it in a loan topic, but figured I've seen this having explained so many times I figured I'd make a quick topic on it.
What DOES count as good collateral :
What does NOT count as good collateral:
Tell me if I missed anything. Just figured this is a quick good small guideline. Title: Re: What IS and ISN'T collateral. Post by: nimda on August 08, 2013, 06:35:25 PM Re: Steam accounts
This has been a scam method since at least July 2012. Steam accounts don't work as collateral. I believe it was PatrickHarnett who first got scammed when lending with a Steam account as collateral. The actual thread is wayy back in history, but I did find this: In one thread a steam account was used as collateral. Yours is probably worth more than $63. The last one I remember that happening the lender got burned on the loan, so... ;) No, Steam gives users several ways to recover accounts, it is not safe to use them as collateral, or to buy them. Title: Re: What IS and ISN'T collateral. Post by: DiamondCardz on August 08, 2013, 07:50:34 PM Alright, so, many people have been asking for loans, providing completely no collateral, or not knowing what collateral is. I saw Nimda make a small post on it in a loan topic, but figured I've seen this having explained so many times I figured I'd make a quick topic on it. What DOES count as good collateral :
What does NOT count as good collateral:
Tell me if I missed anything. Just figured this is a quick good small guideline. Added it to the sticky, nice work. (https://bitcointalk.org/index.php?topic=246874) Title: Re: What IS and ISN'T collateral. Post by: J603 on August 09, 2013, 06:27:27 PM Why do people use runescape accounts then? Couldn't you complain about being hacked there too?
And why not just download their steam library, and then delete it if they give you what you're owed? Title: Re: What IS and ISN'T collateral. Post by: kopipe on August 09, 2013, 06:30:00 PM Why do people use runescape accounts then? Couldn't you complain about being hacked there too? Their account recovery people are not nearly as helpful as Steam's. If you get access to the account and change the email and password, you'll get no help from Jagex (creators of RuneScape) in my experience.And why not just download their steam library, and then delete it if they give you what you're owed? DRM.Title: Re: What IS and ISN'T collateral. Post by: J603 on August 09, 2013, 06:32:40 PM DRM. I guess but there must be ways to circumvent that? Title: Re: What IS and ISN'T collateral. Post by: kopipe on August 09, 2013, 07:06:34 PM DRM. I guess but there must be ways to circumvent that? Then you could just pirate the games. ::) The idea of collateral is that it is something you can resell, not something you can use. You can't resell a Steam account that the owner recovered. And the games on your hard disk at that point are no better than pirated games from the standpoint of reselling them. I guess you could burn them on DVD's and resell them on the street, but at that point you'd be better off not even taking the collateral at all and downloading them from some other source. Title: Re: What IS and ISN'T collateral. Post by: Hydroponica on August 09, 2013, 09:45:17 PM I've sold Wow accounts and Eve-online characters, easy enough/ The right Eve character, can be as good as gold
Title: Re: What IS and ISN'T collateral. Post by: jackalope9517 on August 10, 2013, 03:38:55 AM Could collateral be access to a coinbase account? My situation is that coinbase has some btc of mine stuck on "pending" after being sent somewhere else, but i need that btc to get to the destination quicker. What they'll do is send the btc back to your coinbase account so I figured if whoever is giving me a loan has access to the coinbase account, he would be able to send himself the money from my account once it shows back up. Would that work as collateral? ???
Title: Re: What IS and ISN'T collateral. Post by: Kouye on August 10, 2013, 03:46:01 AM Could collateral be access to a coinbase account? My situation is that coinbase has some btc of mine stuck on "pending" after being sent somewhere else, but i need that btc to get to the destination quicker. What they'll do is send the btc back to your coinbase account so I figured if whoever is giving me a loan has access to the coinbase account, he would be able to send himself the money from my account once it shows back up. Would that work as collateral? ??? I don't think so. Coinbase scam "I got the coins coming next week! Look!" is not working anymore. That is so old even joey tried it. You're not joey, I know. You're... Someone else. ;) Title: Re: What IS and ISN'T collateral. Post by: jackalope9517 on August 10, 2013, 03:48:23 AM Could collateral be access to a coinbase account? My situation is that coinbase has some btc of mine stuck on "pending" after being sent somewhere else, but i need that btc to get to the destination quicker. What they'll do is send the btc back to your coinbase account so I figured if whoever is giving me a loan has access to the coinbase account, he would be able to send himself the money from my account once it shows back up. Would that work as collateral? ??? I don't think so. Coinbase scam "I got the coins coming next week! Look!" is not working anymore. That is so old even joey tried it. You're not joey, I know. You're... Someone else. ;) Title: Re: What IS and ISN'T collateral. Post by: Kouye on August 10, 2013, 04:03:51 AM But it wouldn't be a scam! And maybe i didnt explain correctly but.. i did in fact receive the btc to my coinbase account, i then sent it to another account BUT it is stuck in "pending." What coinbase would do is resend it back to my coinbase account. So whoever has the info would be able to see it for themselves. You're getting boring. Just bury the idea you might pull a scam here. Backup those posts of yours, and read them again in 10 years. Maybe you'll understand, then. Title: Re: What IS and ISN'T collateral. Post by: jackalope9517 on August 10, 2013, 05:15:13 AM But it wouldn't be a scam! And maybe i didnt explain correctly but.. i did in fact receive the btc to my coinbase account, i then sent it to another account BUT it is stuck in "pending." What coinbase would do is resend it back to my coinbase account. So whoever has the info would be able to see it for themselves. You're getting boring. Just bury the idea you might pull a scam here. Backup those posts of yours, and read them again in 10 years. Maybe you'll understand, then. Title: Re: What IS and ISN'T collateral. Post by: narayan on August 10, 2013, 05:59:43 AM Jack you are a scammer. I know it from the bottom of my heart.
Title: Re: What IS and ISN'T collateral. Post by: jackalope9517 on August 10, 2013, 06:13:56 AM Jack you are a scammer. I know it from the bottom of my heart. Wow. Just wow.Title: Re: What IS and ISN'T collateral. Post by: DiamondCardz on August 10, 2013, 07:21:05 AM Can we stop fighting on this thread? Take it to Scam Accusations... ::)
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