Bitcoin Forum

What happened:: Took non-collateral loan and no response in more than a year.

Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=1713155

Reference Link: https://bitcointalk.org/index.php?topic=5030169.msg59761719#msg59761719
Amount Scammed: .0043
Payment Method: Bitcoin
Proof of Payment: https://www.blockchain.com/explorer/transactions/btc/af60957555290b66550176a6ac72a48d17227ebf53012b29269b7bf72d029c56

Additional Notes: If anyone expert to find out alt account then it might be helpful as I think the user might have alt account that's why the user abandoned the account.

Flag: https://bitcointalk.org/index.php?action=trust;flag=3201
Flag of the alt: https://bitcointalk.org/index.php?action=trust;flag=3202

Reserve
Edit:
I have just provided negative trust to the alt account (hold-coins) (https://bitcointalk.org/index.php?action=profile;u=2339451) based on the mentioned reference (https://bitcointalk.org/index.php?topic=2544574.msg55186652#msg55186652). I have also created a flag for all alt accounts. I think it is perfect that one account committed scam means all of the alt account of that person is scammer and they deserve negative trust as well as we should support flag for that alt account.

found a post of lovesmayfamilis from "Known Alts of any-one" thread linking an account to Devawnm367, from what it looks like, the alt account is also inactive and hasn't been online for more than a year.

sorry for your loss, I support the flag.

Sorry for your lose brother. Flag supported and left a negative feedback.
I am curious to know how many people scammed you and what is the total amount you were scammed so far? I don't think you are in profit in the business. Why you continue and wasting your hard earned stash?

This is really sad, it seems there are already 3 accounts that were known can be trusted, have green trust and good record in lending history, but they still scam in the end. Is Bitcointalk account is worthless now since they're willing to run their reputation? I mean there are so many signature campaigns comes up, they can use that opportunity to make some money.

I don't quite understand it either, by defaulting on the loan they lose the opportunity to make money on that bitcointalk account, which is pretty stupid financially speaking.

Causes for them to do this I can think of is that they have other accounts on the forum that they are monetizing, but I think this is less likely, or that they are degenerate gamblers, or that they use drugs or something.

That in case they are participating in signature campaigns, although I think that in this case he was not participating, and it is not 100% clear to me why sashan gave him the loan, I guess because Devawnm367 had a previous history of having returned loans.

I hope he is still in profit he is one of the leading lenders here and his service have helped a lot of members and will help others who need immediate funds when they can't find it offline, I guess he should be stricter by asking for collaterals especially for lower rank although there is no guaranty on the upper rank either.

This is so sad.

Looking at the inactivity of Devawnm367 and his other known Alt account. It seems to me that he probably just left/abandoned the forum back the and had no plans of coming back here. OP, you have even been so lenient. Any reasons as to why you took a long time to open the scam accusation? Did you have some internal communications with him?

Sorry for your loss, Shasan.

I helped Devawnm367 out with a few loans, and he always paid back.  Sometimes he was really late, but he always had a believable excuse.  The last communication I received from him was in April of 2022, and at the time he was having some real trouble with a death in the family and a messy separation which included a custody battle over his daughter.  He was having a really tough time and seemed extremely depressed.  He never struck me as a scammer, and I doubt he intended an exit scam over BTC0.0043.  I just hope he's okay, and to be honest I'm more worried about his health and safety after reading this thread.

I admire your patience, you've given the borrower a year to respond before posting him on the board. I commend you for doing that but man, you've got to stop doing non-collateral loans especially with this not being your first time getting a defaulted loan or at the least do some sort of safety net for yourself because the loans you've got is a serious amount if you ask me even if they have a history of returning their loans, hopefully you can still get it back and if they do give it back, don't remove the red tag.
I can't speak for all of them but I believe that this kind of people are after the quick bucks instead of long-term money especially in this forum, we just have to understand that not everyone likes to post in a forum about stuff related to the theme of the forum everytime.

Sorry for your loss.

I've not interacted enough with the user to be able to make any sort of judgement on them but they have had a history of successfully repaid like and before this.
I hope you can recover from the loss and it doesn't affect your service going forward.

They wouldn't hang around for close to four years and make over a thousand posts if they planned to make away with just over a hundred bucks.

That's a huge patience that you've got there shasan and terribly sorry for your loss. I am sure that you've given him the benefit of the doubt that soon he'll be back and will repay you the loan but despite that kindness and gesture you've given to you him, it seems that he won't be back anymore. But hoping that he will come to fix this situation and reach out to you if he's dealing with serious problem as what direwolf has mentioned.

Dude, people change, didn't you get the memo? Just because someone's been trustworthy for years on doesn't mean that that person won't flip on you. Everyone's got a price and that person decided that he doesn't want to be on this forum anymore so getting something little out might not be a bad idea or I'm overthinking it and that person died and we all know a dead man can't pay no debts.

Thanks for the information you have provided here. As they are alt accounts I will provide negative trust I will add a flag for the alt too.
I am at a huge loss and most of all the lender is a loser. I think only Darkstar might be on profit as he managed a good campaign in DT from the beginning as a result got a lot of collateral-based borrowers.

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The mentioned default in scam accusations might be half of all defaults. I usually try to see whether come online or not. Few people repaid after a long time that's why at the beginning do not want to create scam accusations.

If you're only losing money, why are you still lending?

This is the reason I never joined the lending business: it doesn't seem worth the risk.

It seems to me addiction is like gambling. And few people really need funds if all of us stop then those needy people will face a lot of problems that's the main reason for lending. I have no plan to stop lending.

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You are right in all of your points. I think the main reason they have alt accounts is that are impossible to run. As they couldn't sell accounts they took a loan defaulted the loan and abandoned their accounts.

I do not think people change, I just think they hide wo they really are very well over the Internet. I have seen a couple of cases where a user farms trust for months or even years before making away with a significant loan amount. This indicates that to have been their initial motive for creating an account on the forum.

This from all indication does not look like that. But it matter much what it looks like or how I perceive it, another lender suffers yet another loss frustrating such well meaning users and demotivating others who want to join in.
Going strictly with collateral based loans seems like a good direction to take in the face of all the possible indication of losses.

Maybe I'm old-fashioned, but in most cases I don't think you help people who have money problems by lending and making them pay interest. They're only digging a deeper hole, instead of saving up once and being ahead for the rest of their life.

I didn't expect this answer. I guess it makes sense, if both gambling and lending are turning a loss in the long run.

If not for a health issue or anything serious that will take someone off the internet, I see no reason why someone would default on such a small amount of money for a full member rank account where the money can be earned within a month, and based on the OP's explanation, it has given the loan defaulter close to a year now and no sign of a repayment plan has even been made.

I don't actually know what usually triggers people to take loans and refuse to pay them back, as loans are supposed to be taken when someone seriously needs them for something serious and has the means or plan of repayment. Even if the money did not come as expected, within the long duration that was given to the loan defaulter, there is enough time to save up $100+.

I just hope the loan defaulter is in good health wherever he is, and if he doesn't have a plan of scamming, maybe he will come back one day and repay the loan, as both the ALTs identified here have been active since 2022. @Op, just hope all this kind of loss won't make you change your good heart and give out your support to the needy in the form of your loan.

Shasan, I support your tag. you have really been patient for that guy. How can someone be as heartless as he has shown to be, letting his loan linger for more than a year without even contacting you, at least to let you know if there were any predicament that he's currently facing that has made him not be able to repay his loan. I'm sorry for your loss.

sorry for the loss you suffered @shasan, i can't believe that person took away 0.0043 btc it's only equivalent to $113 the current btc/usd rate and it's been going on for over a year ^{(i looked at the account's posting history and found that he wasn't active enough while on the forum)}

you are a good person, i am helped with the services you provide, although i am not sure whether you get a big profit from running a lending business because i have noticed that there are quite a number of lending providers who have stopped their services for various reasons.

It is true that it becomes helpful for real people and it becomes helpful for scammers as they can scam easily by taking a loan but I am still unable to make a profit. For lower rank, I usually do not give a loan as the chance of default is higher than the higher rank.

From what sashan says, I see that he does it partly out of altruism, but many times to get out of the hole as you say is as easy as tightening the belt for a while, which will be more or less long depending on the size of the hole. But the thing is that when I see people asking for a small loan, and after paying it back they ask for another one, and another one, I tend to think that things are going to end badly. It is not necessarily so in 100% of the cases but it indicates a bad management of own resources and not knowing or ignoring basic rules of personal finance.

There's someone right now on the Lending board, who takes larger and larger loans right after paying one back.

I've seen it many times, both online and IRL: taking a loan once, paying it back with interest, and never doing it again can actually help someone. But doing it on a regular basis either drains your finances, or you're filling one hole with another and not planning to ever pay it back. Either way, it often gets worse after a while.

As you can see the user had positive ratings and a good trading/lending history. That's why I gave time to come back and repay the loan. Creating scam accusations is the last step which means there is no hope. That means I thought I may receive until creating the accusation.

Leaving the forum means whether there is any physical problem (it might be caused to death) and/or the intention is to scam. Actually I still cant believe this type of scam can be the intention of the borrower.

I don't know how easy it has always appears for some people to take loan and finds it very difficult to make repayment, are they that desperate not to even have a look back on the issuer or considering the consequences that may land on them both, or maybe some would have been challenged with obstacles they faces as the worst challenge of their life finding it difficult to make repayment, we cannot just keep guessing but what i may suggest in this regard is to have a guarantor introduced in this regard in case of natural occurrence like death so that there will be a guarantor to reach after their abscondment.

It's sad shasan. Many people get help in bad times by taking loans from this forum, but because of such users, lenders are now afraid to give loans. If this continues, it will become difficult for lenders to make a profit. So there is no way but to be more careful in approving loans, not only low rank account scams but many high rank accounts can also try to scam with large amount.

Scamming decreasing day by day as accounts decreasing day by day for scamming. But few people seriously need loans so I am not going to leave non-collateral lending. Thanks for your advice.

We can only able to know if any known person of the borrower can update anything about the user otherwise we are unable to know whats going on.
I think all the lenders are at a loss except Darkstar.

Then I think you need to change the title and make it Shasan's Charity 😎
This will have benefits like [1.] we will not see anymore scam accusation [2.] you know you are not expecting any return.
The people who need immediate funding they still receive the benefit

@Devawnm367 has been offline for nearly a year now after taking the loan and hasn't logged into his account during all this time with all his accounts. So as you mentioned there seems to be no reason for him not to repay the loan given that if he participates in signature campaigns he will settle the debt within a few weeks only. Regardless of his reasons for disappearing (hopefully not due to a serious health issue), you're still facing a financial loss. This situation is a real problem especially if more cases like his appears. I noticed that his last post was when taking a loan from you, which could be coincidental or possibly linked to his exit from Bitcointalk. Unfortunately not knowing personallyit's hard to know the exact circumstances and his real intentions.



I have borrowed money from you multiple times and I must say that you greatly helped me. I was facing some tough financial situations (as a student) where I needed that amount of money urgently and couldn't wait weeks to save it up with signature campaigns.that’s why I really hope your lending services continue, as there are needy cases and people like me who rely on them. In the meantime I believe it's time to implement more stricter rules and conduct thorough research on any profile before granting loans to anyone. Just my two cents!

I think it might happen because of the health issue and/or the OP is no more on the earth. And/or it might happen for having too many alt accounts and it might not be worth anything to him/her. However the chance of it being too low as the accused person could borrow more money and then could default on the loan.

I haven't applied for loans but I'd imagine if ppl wanted one it shouldn't take long to repay. As a Full Member I can get at $40 max week in my sig campaign. You've given Devawnm367 $118 17 months ago so he should've settled he's had enough time. His last activity's a year ago in the forum. It's possible something happened to him but it's abysmal feeling to know you've had one more loan default.

Like he said, he based on the defaulter's previous positive feedback, which was painting a picture of him paying back loans and having successful trades with other different members.

I feel for Shasan and all the lenders in this forum. This business is not for the faint-hearted in that even if a member has been very trustworthy, they can one day disappear in the forum unannounced due to different circumstances and there goes the loan.
I also have a feeling there are some members who build trust between different lenders and later on pull off an exit scam just when the lender thinks they can completely trust them.

I admire your patience in waiting for almost a year before making this scam accusation. Judging from the account, it appears that the owner has already departed. I'm sorry to hear about your loss; such occurrences are sometimes inevitable in business, particularly for non-collateral loans. However, as a borrower, it would have been beneficial to communicate any payment issues to the lender according to the agreement.

It's a dreadful set back when loans become defaulted so I'm with you feeling sorry for lenders in the forum. You're right some members build trust to scam that's got to happen but here it's $118. It's a small loan so it's believable he didn't intend to scam (https://bitcointalk.org/index.php?topic=5464236.msg62737487#msg62737487).

Lenders take risks with each loan so it's not for ppl who get affected with each default. I couldn't do it even if I had funds it's stressful for lenders.

The chance of scamming is high by those who repay loan and trying to take large and after paying that asking larger and this way continue and once a time the user default the loan. Though there is an exception and but the chance of scamming is too high.

Lenders offer a service which ppl need so it's got to affect when they've realised they've been scammed. Aren't loans without collateral ones you've lost most money in? If defaulters leave collateral you'll sell it to recover some funds because you've protected yourself from a full loss. If you don't take collateral you're risking losses from users you trusted because of previous loans they've repaid. It's a risky way to make business.

It is almost impossible to appoint a grantor who will be able to repay the loan if the borrower dies. A lot of users have only access to the account. No other of the family members not aware of the forum as well as credentials. That's why it is impossible to keep Grantor online especially

Have you ever thought about having limits you can send to an individual? Even for people you have lent money in the past and successfully paid back?

When I watch the lending board, there are members who are the highly suspicious of eventually defaulting a loan. Someone borrows a loan of $100, repays it with interest, then after a few days borrows $200, repays it then with interest, after a week borrows $300. Such activity is a time bomb

Such a person can live without loans, but they are trying to create some trust between you and them so that they can at one point scam you with high amounts.

Scammers have no feeling and they have neither country nor feelings.  They have only one target and that is called how to scamming. I am trying to be more careful but scammers are also more aware than me and that is why they are getting loan from me and they are scamming funds from me.
It doesn't seem to me co-incidental and seems to me well planned scam and exit from the forum.

Due to these scammers, many members who could take a loan for their urgent needs may lose this opportunity. A few recent incidents with you show how difficult it is for lenders to fight back against scammers. In fact, the behavior they show before taking the loan, they change their behavior once they get the loan. Because these members have multiple accounts in this forum, they try to scam the lender again by using other accounts. So it is wrong to expect good feelings from them, no matter how much you do for them, they will try to scam you if they get a chance.

shasan - there is no better warning for you than to be careful of anyone who comes and request a loan for the first time. They don't all come because they need money and help - but some of them come to cheat you, while others want to get your positive tag by paying off the loan faster than scheduled. Those scenarios were thought out and considered to build the reputation of the forum - but you are entitled to tag anyone you think is worthy.

I know you are a user who has helped many forum users with your services - but along with that you have become the target of fraud by some shady users whose lives depend on other people's difficulties. Be careful - shasan.

I think the borrower defaults on the loan intentionally, though I am not sure. We had contact after taking the loan though there is no post after the loan by the borrower. If the user is no more on the earth then I am wrong.
Maximum borrowers try to take non-collateral loans and non-collateral loans are available by several lenders. As a non-collateral loan is available there is no need to take a collateral-based loan from the borrower.

afte reading the whole story i am feeling very sad for you loss but also more tha your loss I am thinking about Devawnm367 health. DireWolfM14 comment concludes that he Devawnm367 is not officially scammer as he pay back many times but his health and internal family issue force him to do this or  also there is possibility of lefting this earthly realm

 I hope your loss would be recovered till now. One year waiting is not easy and only man with great patience wait for such a long time. Your job is risky and if you gives loan without collateral, then will see many cases here. some scammer buying accounts for this purpose although this is stupid way to earn.  constantly working here in forum will give him opportunity to work in signature where they can earn more without risk of accounts but don't know why people choose this illegal way

I do not usually set limits. But when anyone asks for a loan and I review the post of the loan, merit, recent earning merit, activity, rank, trust, and loan history then I decide whether I have to accept the loan or not. And if I think the borrower deserves a lower number of loans then I also mention that via private message.

I have reached out to a steamy time I have been working on it my mother died and my fiance killed herself and I just fallen off I haven't forgot and I told him directly and I mean go ahead and leave the red trust but I do have every intention to paying it back so please don't completely just if you're going to screw my trust up just add in the end that whenever I do get right I did make it right please and thank you I haven't been on here I can't afford Bitcoin I can't afford food right now so I really just depressed and tired of waking up but when I get right I'm going to get right with steamTime I was steamy time. I went to a mental hospital and just can't get back on my feet I love y'all and you guys helped a lot when my mom was dying. I thank each n everyone of u!

I gave steamytime what lil contact info I have I plan to pay but right now I don't even have a home or vehicle... I'm staying at a tent in campground. I really fell off.... No excuse.  Thanks direwolf steamy n anyone else who helped me I haven't been on cuzz I'm not going to open more loans. My .003 BTC I had  a couple years back didn't bring me the miracle I hoped it would......

So you had to wait for 2 years from the time you took the loan and about 1 year after this scam accusation was created just to explain what had happened. Why didn't you do it back then or better still pay up the loan immediately on your return rather than type paragraphs of a story that is hard to understand?

No member is going to believe you, trust me.

It's too late for the explanation, better to keep up and set your date when you can pay your debt. But even though you pay your debt, you being a defaulter will never changed, and it will be marked to your reputation until someone removes them.

I haven't had a PC in 2 years believe it or do not but talk with the person whom has my loan we have discussed it. My debt is settled! Add that to your trust. My mom died my fiance killed herself and I been drinking everyday for going on idk 3 years I used to never drink. I got an email early from steamytime I immediately responded and even mentioned while getting loan that I'm in a fucked up place and may take time so..... No part of my loan agreement has technically been broken!

That's why I am not attempting loans only reason I logged in was I got email took an hour to remember password but I couldn't make an alt account to communicate so I fucked around and here I am but yes so as you wish idgaf. I'm not borrow more haven't attempted and haven't even logged in because I'd rather drink myself until I stop waking up no plz if my lender has now problems wtf is yalls.

If my lender and I have discussed options before during and now why is it anyone else's business here? When he flags me I'll own it. I owned it early. I've attempted suicide in n out of hospitals and gave guardianship of my daughter to my sister. Now plz may I die in piece and if anyone wants to bitch let it be the one Ive been discussing OUR LOAN AGREEMENT WITH ALL DAY! IM ONLY LOGGED IN CUZZ NO OTHER WAY TO COMMUNICATE WITH MY LRNDER AND WELL I HAVE (EMAIL NOTIFICATIONS)

IM NOT A BAD GUY JUST IN A BAD PLACE AND ANSWERED WITHIN 30 MIN OF HIS MISSAGE SO HOW AM I DEFAULTING I EXPLAINED MULTIPLE TIMES WHY I HAVNT AND HE UNDERSTOOD ILL PAY IT WHEN I GOT IT BUT RIGHT NOW IM ON MCDONALD'S WIFI JUST TO MAKE THINGS CRYSTAL CLEAR. I CANNOT AFFORD FOOD OR A HOUSE IVE GIVEN UP AND ALL BUT KILLED MYSELF SO PLZ CAN WE JUST SAVE IT FOR ANOTHER DAY PLEASE ...

I haven't logged back in because y'all rich fucking assholes here make me want to wake up in a wonderfly extactic mood and blow my brains out once I get my nice church clothes on now plz talk to my lender he knows how to communicate besides this forum

Ok so steamytime messaged but I owe shasa. I guess idk I'm not hiding Shasan message me I have nothing to give u but the luxury of seeing me suffer but if I ever get right I got you... I was only reminded of this by steamytime.

Lost my mom, found my wife hanging and gave up my daughter I'm going through some shit right now but I haven't ever once no responded. I got an email n boom 2 years later here I am. You guys helped me A LOT I'm not out to hurt any of you. I have Love for this forum if it wasn't for a few of you guys I probably wouldn't be here. Even the once who just occasionally check in...

You sound like a broken record, and I mean really broken. Of course if all this stuff actually happened to you I am sorry but no need to repeat it in every single post.
Also, what I quoted above. Obviously you DID break the loan agreement by not paying on time.

And, no your debt is not settled as you in your other posts said it yourself, you still own Shasan this money. Technically it's much more now if you calculate the original amount + I don't know how many months of interest, which at 10%/month for 24 months would be 240% on top.

You you would even write stuff like the mentioned above is beyond me.

Shit happens, I get it. Now that you are settling things and getting over the family problems, start by communicating with your lender and starting the repayment process. This is not difficult if you budget your spending and allot a specific sum to your loan like a EMI payment. You lender would definitely consider that option if you are regular with it.

Your reputation here would be cleared to some extent if you pay back what you owe. Nobody here actually know what happened in your life so no point sharing it too or trying to prove it and end up doxxing yourself.

The problem with not revealing that reason though is the fact that we might not believe whatever OP is trying to say about the repayment of the loan and I think that in his point of view, he's trying to give out some kind of reason for the long absence, that's how I think this one is, hopefully he'd pay though and @shasan will have a payday, hopefully the interests accrued would be paid too.

He claims that he repaid the loan, though @Shasan is yet to confirm this in this thread. Personally, what OP did was inappropriate. Even if he got into a big mess. Communicating to the lender about what was going on was so important. Going silent was definitely stupid.

I am sorry I was busy with my offline task so couldn't follow the topic regularly. I am sorry to say I have not got the repayment. It is easy to tell anyone that I have repaid the loan or settled the loan but for that need proof. If the person can send the fund why would the person not be able to send messages or post on the forum or can't communicate with me in telegram?
I think the person wanted to say about this message: