Bitcoin Forum

hey guys !!! :)

i provided a loan to Twipple : and i got collatearl his account member status i provided 0.02 ! so i got a question ttoday is the repaymnet day but he did`nt pay me yet ! so what to do seize the account ?

You should discuss with him. Probably he got some difficulties to deal with. 

well i dont even know his new account ! he did`nt try to get to contact with me ! he did`nt transact the amount which i send from his addy so what to do just confused !

Yup, first you should try to send him/her a private message, if he/she doesn't answer after 1 to 2 days, then you should seize the account. Sometimes they just can't pay back for the moment, add some interests, make a deal or something.

edit after reading last post: Wait a day and if she/he doesn't contact you just seize the account  ???

first how can i pm him wdout knowing his email , new account , anything ! i,ll wait till tomorrow

that's why I edited Oo'
Also you should've asked his e-mail, skype or something to stay in touch with him.

That's why account isn't good collateral.
Do you have any agreement before you give him a loan?, i.e : you can sell his account after he can't repay the loan or maybe anything else.

 i said that i ,ll sell the account ! to get my money back

You will have a hard time selling his account though, which is why as others have pointed it's a bad idea to accept it as collateral. I hope you can recoup your losses, best of luck and let this be a lesson to you.

Probably he is trying to contact to you and arrange the loan with you! You could leave your email here or your loan thread and state that if Twipple don't response in two or one days time, you will liquidate his account!  

Any trusted member please go through this scam accusation on the user Ume : https://bitcointalk.org/index.php?topic=941505.0
Just posting this, because I want some trusted member review the facts

You make some valid points. Strong accusations, but a valid argument nonetheless. Ume can you explain what's going on here from your side of things. As far as I can see, you knew the new username/account of Twipple when you are saying you dont have it. You have also started posting from Twipples account at the same time of creating this thread.. Just let us all know what's actually happening here please.

Well, I think Ume decided to drop it and take the opportunity to profit from the account instead. Anyways, not saying he is a scammer, but his actions weren't right on this one.
I wouldn't be to hard on him to have a negative trust on his account after this. But would insist on him ending any such business/Lending/Service on the forum and not launching any such venture in the future again.

Strangely enough, the coins have not moved from that address supplied by Twipple. No repayment has been made either, it is just a question of whether or not Ume has been contacted in regards to the delay. Regardless of that though, unfortunately the account does rightfully belong to Ume now since no repayments have been made its a breach of contract as far as I can see. It's his to do what he wants with it now

Yup thats true, but denying the fact of not knowing about the other account of Twipple was the wrong thing here. You should also not forget about the possibility, of Ume faking that transaction by sending to his own address.
Which could have been done, by editing Twipple's original post, once Ume had access to the account( and evrynet could be Ume's alt just making that post, so later Twipple would not be able to prove that the account belongs to him in any way).
^This is speculation though :P and can be possibly checked by a moderator.

The moral of the story : Always use an escrow to hold your account while you take a loan .

Maybe twipple use mixer wallet, which means that the balance in his bitcoin addresses doesn't represent the real balance.
Even though all of the BTC sent to his addresses, that address might not be used for  transactions.


@Umi : you have to explain and make all things clear.

Ok, just realized another bad thing. He gave himself(Ume), a trust rating from Twipple's account, saying..Gave me a loan.
But last seen online is same for both, which proves Ume is still in control.

according to this ! i can show you the pm that twipple said i,ll give you the +rep if you give me the loan !

Remove it then. Repping yourself is just disgusting ::)

well i removed but he said ! its ok i dont want his rep

also read here i cleared everything

https://bitcointalk.org/index.php?topic=941505.msg10316026#msg10316026

I see that you did remove the trust, however there is no real reason you should give yourself trust in any circumstances.

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I personally think the reason for this thread was to get additional posts, as what you do with collateral on a defaulted loan should be obvious.

so as the title says(help_ should i sell his account ? or not ? because the time period of the loan is over

first thing you have to do is contact the person and get his response may be he is not around or  will payback with late fees
later you can contact the middleman about this and he will handover you the account details that you can sell that to recover you loss