Bitcoin Forum

Economy => Lending => Topic started by: WildFire.ca on February 10, 2014, 01:24:21 AM


Title: Here is my loan listing for my 3rd loan.
Post by: WildFire.ca on February 10, 2014, 01:24:21 AM
https://btcjam.com/listings/10053

Title: Re: Here is my loan listing for my 3rd loan.
Post by: elitenoob on February 10, 2014, 02:13:55 AM
Amazing what people lend without collateral.

Title: Re: Here is my loan listing for my 3rd loan.
Post by: WildFire.ca on February 10, 2014, 02:59:09 AM
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

Title: Re: Here is my loan listing for my 3rd loan.
Post by: WildFire.ca on February 13, 2014, 03:28:00 AM
Bump.

Title: Re: Here is my loan listing for my 3rd loan.
Post by: Vod on February 13, 2014, 06:51:48 AM
Quote from: WildFire.ca on February 10, 2014, 02:59:09 AM
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean????   You haven't posted any collateral at all.

Title: Re: Here is my loan listing for my 3rd loan.
Post by: WildFire.ca on February 13, 2014, 07:47:51 AM
Quote from: Vod on February 13, 2014, 06:51:48 AM
Quote from: WildFire.ca on February 10, 2014, 02:59:09 AM
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean????   You haven't posted any collateral at all.
It means I have written in text on the listing that I have the collateral to cover the loan in full. The site will not link my assets at Crypto-Trade like we could when BTC-TC was up. If you look at all the other listings non of them have any collateral attached to them as that option is not available anymore. If you look at my previous loan you can see I do in fact have the assets to cover this loan in full.
https://btcjam.com/listings/5951

Title: Re: Here is my loan listing for my 3rd loan.
Post by: Vod on February 13, 2014, 09:19:51 AM
Quote from: WildFire.ca on February 13, 2014, 07:47:51 AM
Quote from: Vod on February 13, 2014, 06:51:48 AM
Quote from: WildFire.ca on February 10, 2014, 02:59:09 AM
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean????   You haven't posted any collateral at all.
It means I have written in text on the listing that I have the collateral to cover the loan in full. The site will not link my assets at Crypto-Trade like we could when BTC-TC was up. If you look at all the other listings non of them have any collateral attached to them as that option is not available anymore. If you look at my previous loan you can see I do in fact have the assets to cover this loan in full.
https://btcjam.com/listings/5951


Having assets and using them as collateral are two different things.

You have zero collateral for this loan.


Title: Re: Here is my loan listing for my 3rd loan.
Post by: WildFire.ca on February 13, 2014, 10:04:51 AM
Quote from: Vod on February 13, 2014, 09:19:51 AM
Quote from: WildFire.ca on February 13, 2014, 07:47:51 AM
Quote from: Vod on February 13, 2014, 06:51:48 AM
Quote from: WildFire.ca on February 10, 2014, 02:59:09 AM
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean????   You haven't posted any collateral at all.
It means I have written in text on the listing that I have the collateral to cover the loan in full. The site will not link my assets at Crypto-Trade like we could when BTC-TC was up. If you look at all the other listings non of them have any collateral attached to them as that option is not available anymore. If you look at my previous loan you can see I do in fact have the assets to cover this loan in full.
https://btcjam.com/listings/5951


Having assets and using them as collateral are two different things.

You have zero collateral for this loan.


How would you suggest I go about using my assets as collateral instead of having them as collateral?

Title: Re: Here is my loan listing for my 3rd loan.
Post by: KWH on February 13, 2014, 02:13:12 PM
Quote from: WildFire.ca on February 13, 2014, 10:04:51 AM
Quote from: Vod on February 13, 2014, 09:19:51 AM
Quote from: WildFire.ca on February 13, 2014, 07:47:51 AM
Quote from: Vod on February 13, 2014, 06:51:48 AM
Quote from: WildFire.ca on February 10, 2014, 02:59:09 AM
If you look the loan is verbally collateralized with shares.. I am unable to link the asset to the loan like you used to be able to do.

What does "Verbally Collateralized" mean????   You haven't posted any collateral at all.
It means I have written in text on the listing that I have the collateral to cover the loan in full. The site will not link my assets at Crypto-Trade like we could when BTC-TC was up. If you look at all the other listings non of them have any collateral attached to them as that option is not available anymore. If you look at my previous loan you can see I do in fact have the assets to cover this loan in full.
https://btcjam.com/listings/5951


Having assets and using them as collateral are two different things.

You have zero collateral for this loan.


How would you suggest I go about using my assets as collateral instead of having them as collateral?


Collateral is not something YOU keep, rather the lender or third party escrow holds for the duration of loan. Really, read the Loan section, it's been explained dozens of times recently.

Title: Re: Here is my loan listing for my 3rd loan.
Post by: Vod on February 13, 2014, 10:08:20 PM
Quote from: KWH on February 13, 2014, 02:13:12 PM
Collateral is not something YOU keep, rather the lender or third party escrow holds for the duration of loan. Really, read the Loan section, it's been explained dozens of times recently.

Oh he knows what collateral is.  He used collateral in his last loan.  Now he is just pointing to the fact he used collateral in his last loan, and not actually using it this time.

Most likely a scam.


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