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Title: Loan request offering 650$ worth of collateral !! Post by: Dark.coder on April 01, 2014, 11:17:23 PM I would like to get a loan of 0.5 to 1 BTC depending upon the rules and regulations of the forum as iam new and have no idea how they judge the eligibility criteria will repay in one month. I have 650$ worth altcoin as collateral which i bought as investment and i don't want to spent them. Please pm me if you can lend, of course i understand that iam new here and i don't have trust so for that i'll send first pm me if you are intrested. Please be kind enough to lend !! thanks .
Title: Re: Loan request offering 650$ worth of collateral !! Post by: Vod on April 01, 2014, 11:50:29 PM I would like to get a loan of 0.5 to 1 BTC depending upon the rules and regulations of the forum as iam new and have no idea how they judge the eligibility criteria will repay in one month. I have 650$ worth altcoin as collateral which i bought as investment and i don't want to spent them. Please pm me if you can lend, of course i understand that iam new here and i don't have trust so for that i'll send first pm me if you are intrested. Please be kind enough to lend !! thanks . What altcoins do you have as collateral? I would give you the loan for LTC collateral. Title: Re: Loan request offering 650$ worth of collateral !! Post by: austin on April 02, 2014, 12:43:25 AM If you haven't already made a deal with Vod, I can possibly give you this loan. Which altcoin is it?
Title: Re: Loan request offering 650$ worth of collateral !! Post by: Vod on April 02, 2014, 01:01:40 AM If you haven't already made a deal with Vod, I can possibly give you this loan. Which altcoin is it? Be careful - he's posting in multiple threads at the same time for this. Title: Re: Loan request offering 650$ worth of collateral !! Post by: lakzo on April 02, 2014, 01:30:58 AM If you haven't already made a deal with Vod, I can possibly give you this loan. Which altcoin is it? Be careful - he's posting in multiple threads at the same time for this. He has $638 MachineCoin, which he claims are worth $1 each. That begs the question, if they really were worth $1 each, why doesn't he just flip them on an exchange? That's because they're not liquid at all. Perhaps the most obscure altcoin out there right now. The only place I found an exchange was some very sketchy bare-bones site that listed a MachineCoin (MAC) at .00000085, nowhere near the $1/MAC they were claiming. tl;dr Scam. Title: Re: Loan request offering 650$ worth of collateral !! Post by: Vod on April 02, 2014, 02:54:04 AM If you haven't already made a deal with Vod, I can possibly give you this loan. Which altcoin is it? Be careful - he's posting in multiple threads at the same time for this. He has $638 MachineCoin, which he claims are worth $1 each. That begs the question, if they really were worth $1 each, why doesn't he just flip them on an exchange? That's because they're not liquid at all. Perhaps the most obscure altcoin out there right now. The only place I found an exchange was some very sketchy bare-bones site that listed a MachineCoin (MAC) at .00000085, nowhere near the $1/MAC they were claiming. tl;dr Scam. Thanks for the information. I've flagged his account in the hopes of no one falling for his scam. Title: Re: Loan request offering 650$ worth of collateral !! Post by: JohnWalkers on April 02, 2014, 06:04:45 AM If you haven't already made a deal with Vod, I can possibly give you this loan. Which altcoin is it? Be careful - he's posting in multiple threads at the same time for this. He has $638 MachineCoin, which he claims are worth $1 each. That begs the question, if they really were worth $1 each, why doesn't he just flip them on an exchange? That's because they're not liquid at all. Perhaps the most obscure altcoin out there right now. The only place I found an exchange was some very sketchy bare-bones site that listed a MachineCoin (MAC) at .00000085, nowhere near the $1/MAC they were claiming. tl;dr Scam. Thanks for the information. I've flagged his account in the hopes of no one falling for his scam. You have the funniest avatar I've ever seen :D Title: Re: Loan request offering 650$ worth of collateral !! Post by: smooth on April 02, 2014, 10:18:05 AM That begs the question, if they really were worth $1 each, why doesn't he just flip them on an exchange? That's false logic because selling an asset does not have the same economic effect as borrowing against it. However, claiming the collateral is worth $1 when it is actually worth much less is a scam in any case. Title: Re: Loan request offering 650$ worth of collateral !! Post by: lakzo on April 02, 2014, 12:59:25 PM That begs the question, if they really were worth $1 each, why doesn't he just flip them on an exchange? That's false logic because selling an asset does not have the same economic effect as borrowing against it. However, claiming the collateral is worth $1 when it is actually worth much less is a scam in any case. I see your point, but assuming he is a scammer, there is no perceived economic effect on his end. It's a swap and run transaction. Title: Re: Loan request offering 650$ worth of collateral !! Post by: smooth on April 02, 2014, 06:15:14 PM That begs the question, if they really were worth $1 each, why doesn't he just flip them on an exchange? That's false logic because selling an asset does not have the same economic effect as borrowing against it. However, claiming the collateral is worth $1 when it is actually worth much less is a scam in any case. I see your point, but assuming he is a scammer, there is no perceived economic effect on his end. It's a swap and run transaction. True that |