Bitcoin Forum

Interested in a possibly 4 BTC loan, will pay back 5 BTC by end of the day Friday. Wanting to purchase a gift, and start to build up some cred at that time. Have one previous successful loan from -otc. Link to WoT in my sig.

I can lend 4 bitcoins pm me back to set it up

Received 4 BTC from gweedo, agreed to pay back 5 BTC. by 11:59 EST on Friday, June 1.

Seriously Gweedo?

yea why? I look at it this way, if he runs away with 4btc, it isn't going to kill me and we find another scammer, otherwise I help a new member build some loan credit as well as make a quick and easy bitcoin. I think this dude is good and is going to pay me back so I have faith.

Have you stopped to think that maybe you just gave 4 BTC more to a new account of the SAME scammer?
Next time you can just throw away the bitcoins to the address in my signature. I will at least say "Thank you".

And then people ask how come there's so many scamers on this forum... I wonder why....

He said thank you LOL I have faith this dude will get me my 5btc, anyway how else we going to help new members build credit, can't think everyone is a scammer can we. Plus look at all the eyes on this thread, he will do the right thing, otherwise we laugh at me cause I wanted to help a new member build credit LOL

I don't find loan scams very laughable, but maybe that's just me :P

I'm curious how it will unfold :p sub

psy you are such a neysayer.  you've been on the board since April 2011 with over 2000 post so you've seen more and maybe even been scammed.  Are there any stats on the board regarding the ratio of good to bad loan or trades to back up your obviously strong opinion?  Is OTC the only answer for trades/loans?   Just trying to understand the logic.

No, I haven't been scammed in any loan. Only time I got scammed was for a carton of cigarettes. lol
And I'm not a naysayer, just realist.
I don't need stats to prove anything. Time does that for me. But stats couldn't be based on rate of good and bad loans only. You would have to base them on good and bad loans but separate them into loans given with proper diligence or loans given lightly, like this one "Oh you want 4 BTC? Take them my friend!".

About OTC, I can't say. Don't use them and probably never will. Maybe if they come out of the 1990's straight to the 21st century internet I will.

And I'm curious how much longer it is til you post a loan request and/or a giftcard for sale ;)

I didn't say this was a scam. I was just commenting on you saying we could laugh at you for giving the loan if you ended up scammed.

I hear you about otc.  I tried to sign up but didn't have the time to figure it out.  If bitcoin is going to "reach the masses" stuff like that has to be as easy as hitting a "like" button.  With regards to due diligence what are you suggesting.  Time on the board, number of posts.   I guess number of past good trades would help (OTC again).  I see one poster putting handle+1 in his sig to indicate good trades, building more cred for him then those he identifies I suppose.  

But...you wouldn't get the "THANK GOD I FINALLY FIGURED THAT OUT" feeling if it was easy...

I see you figured it out.  What the feeling reallly THAT good??

...No.

I actually thought it was pretty easy, since I went along with the video tutorial. However, for mass market, the current method isn't appropriate.

I don't have/get any giftcards :P and nobody here would probably lend me any money (no, I don't need to borrow any) so I wouldn't even try ;)

This guy actually has a good chance of being legit, based on my own personal risk analysis. I think Gweedo did the right thing here (although he might not realize how).

Yes, I also looked at his post history.
If he's legit, he'll pay. That's all I can say.
I'll refrain from saying more. Don't want people accusing me of being the reason for someone not paying their debt.

 ;D

Well, moment of truth...

Here's the formula he used:

1. Look up reputable users on http://bitcoin-otc.com/viewratings.php
2. Cross-check to see if the username is already taken on Bitcointalk
3. No? Good! Make a new username for reputable member from bitcoin-otc.
4. Make a few posts to get out of Newbie status
5. Make a beeline to Lending

So fucking obvious, I'm just sorry you didn't notice the red flags.

Thanks for this Tomatocage.

Obvious to you but not to those of us still tying to figure this all out.

Very helpful.

So, BCB, who's the naysayer now?

PSY: I take that back.  I guess the point I was trying to make it that you are Hammering people for even considering some of the trades/loans where as  Tomatocage give an explanation (unfortunately after the fact).

And gweedo if it really was a scam I'm going to send you 1 BTC for being a nice guy and contributing to our education.

Now we've all learned.

You're a good man, gweedo.  At least it was only ~$20 worth of BTC.  As a general rule of thumb for the future, anybody with an account less than 4-6 weeks old asking for handouts is 99% chance a scammer.

Sent
e359a2add8fadc0eb208ce0be1a92fd1b9d08bbef53a1fce2510aa6629a02930

That was nice of you, BCB :)

Just trying to help a brother out.

This, especially the bolded parts. I'm too bored to call out scams this couple of days, and here they come again. (probably the same guy anyway)