Bitcoin Forum

Hi, i need 0.1 loan, because i need to purchase gift.. in next 4 days i will get my 2nd payment from hashprofit so i can pay it back with 10% interest.
As collateral i can give my personal info ( for example driver license scan ( with me holding it.. ) ), but only to trusted escrow!

Your identification is not collateral. Collateral is something the lender can easily sell in the event that you do not repay. The lender cannot sell your identification/identity for .1

hehe, i think anybody can sell his indentity if he don't pay.. and for more then 0.1

His identity is worth for the ppl who will take advantage from it! For most of US it is useful. Once the OP defaulted, the only decision we would made was to give u negative trust to ruin ur reputation and take the loss!

I would personally doubt it. From what I have read about the target hack, identities tend to sell for very little on a per identity basis (IDR what the MSM claimed the rates are but I believe it was less then $1 per identity)

??? Maybe if the lender is willing to commit identity theft personally and take out a loan in the borrower's name (something that I would strongly recommend against doing)

its hard to sell your collateral identity for cash :P

Easy way to get the loan is just provide the valid collateral like any altcoin and get your loan in no time.

The documents can be fake ones or from someone else.

Even if you want identity thief him or go in his home and beat him until he gets coma the collateral might be totally useless.

If you know his identity then you could potentially attempt to collect the debt from him personally (finding him and 'beating' him is probably not the best way to collect on the debt - it is probably a better way to end up in jail) as you could get a judgment against him. However above the fact that the identity might not actually be his, the lender has no real way of knowing what income/assets the borrower has with any good amount of certainty so a judgment may very well be worthless

He is a newbie, do you think that your negative trusts would do him any harm?
Its better to sell his ID if he defaults.

You plan to use hashprofit payment to pay off the loan? Keep the hashprofit account as collateral either with the lender or with escrow and you will get the loan easily.