An attorney for a small claims, really? I'm curious if there are stats out there, a lot of small claim courts in the states don't allow them, so that actually skews the number anyways. The fees... yeah there's definitely that cost. Where I am it's about 30 bucks which isn't too far from the average, but of course can be more depending on the amount. Chances are you're not going to get paid anyways, if it got to this point, but why not add those fees in your claim.

I've read many of requests and it's exactly why I'm posing the question actually. I'm not against this practice at all. But there is that bigger picture I talked about earlier. Do you think req DOX might discourage scammers in the least little way? I would imagine the number of scams would decrease, among other things.  the overall goal would be to change the current lending scene... eventually.

Thanks for your input, keep em' coming! Oh, can you elaborate a little more on why collateral is greater than the loan request?

Here' hoping OP mixes his portfolio, taking into account difficulty level; overall profitability of coins. If played right, ROI can be realized.

Why so harsh? How can you expect for anyone to accept anything you say when it cones out like that?

I'm not sure who started the rumor that it's impossible to see ROI with GPU rigs... OP I'm glad you know how to do the numbers. Risky, yeah, but so is the entire game.

Interesting observation....

Can I get feedback from lenders in the community? I'm not asking for you to justify your position on lending, just want to hear your take on the subject matter, is all. No judgement whatsoever.

Silence has the potential to be louder than spoken written words.

I'm waiting to find our too   I will say that they're having issues with the free vouchers and the difficulty level. First round, hundreds if plays and not a single win. Got another voucher, won a little bit, then back to the same impossible to win. But tech support was really responsive. I'm sure I've exhausted all the freebies I'll ever get. My account won't be eligible for withdrawals for a long time anyways because the freebie 20x just kept rolling over, so it's more like 40x for me, lol.

Not to mention daily power consumption. Is it enough to compensate for the loss hash power? Make sure you consider your sail operating costs, not just the savings from the initial investment. Not sure where you are, but newegg has mobos in stock that can support 5 cards.

Have you considered power consumption? 270s don't consume near as much.

Oh darn... I was hoping "Clueless" was a choice.

Not true... or so I just read. Consulting Google relating to another thread, I read about some people actually filing small claim judgements against people who do this. And in the case where you can prove they received the item, it becomes a criminal issue. How this would play out in the bitcoin world, IDK. Just thought I'd share in case people didn't know you could take this route.

Do you really think it's a matter of not caring? Or are they just following the leader? For example, having a requirement of what a borrower is going to use the loan for... does it really matter in the big scheme of things? No. It's not a factor in getting repaid, but why is this listed as a requirement for 99% of the loan? Because somebody started it and everybody else is following, I assume. Of course a business venture is a different ballgame. 

Yes, you're right on the definition of a creditor. I specifically used it only to identify businesses in the lending industry in this context. Yes I know charge offs are temporary, but judgements I thought were permanent. I guess only certain types. But even so, 10 years is a long time in a world where your credit report is the most valuable real estate you own!

Concur, International transactions do pose a problem with verification and litigation. Personally I would stray away from these types of transactions; find a native to deal. I guess the way I look at it... Yes, it may be a hassle until we find a shortcut, but the trend may have the potential to change the bitcoin lending scene. Scammers would think twice. At least that's part of my rationale.

You said right, a creditor. If you default on a loan, they can charge it off, resulting in a bad mark on your credit report; that's not a judgement, it's a collection. Judgements are public records and remain part of your credit file until paid. Most creditors don't actually file a suit, it's more profitable for them to sell your account to a collection agency. Not the route a p2p loan would take in the event of default.

So this wasn't a P2P loan I gather. Interesting... The great BTC bailout of 2011 is one of the driving forces behind DOX non acceptance for loans.

I suppose for those who like to take matters into their own hands. If anything, the fear you'd have to live with would kill you softly

I can't imagine having a borrower's DOX would make it easier to collect, but it could be an incentive for the borrower to repay due to potential consequences. You're right, failing to repay a loan is a civil matter, which could result in a judgement against the borrower, forever. Will you get repaid, probably not, but that judgement will be with the defaulter until they resolve it. That hurts the real person sitting on the other side of the screen, in the real world. And depending on how the transaction was solicited, it may be possible to pursue criminal charges as well, less burden of proof.

So why wasn't legal action taken? Or maybe perhaps point me to the story? I'd like to read it.

Interesting...

I know different brands vary in hash rates, but how large is this gap? 270x is being reported on coinpolice up to 750kh.

http://coinpolice.com/gpu/

First: This isn't a loan request - just an inquiry to satisfy my curiosity. Please feel free to move if necessary.

Some time ago I polled you all on whether you'd have more confidence in lending *if* the borrower could be identified. Needless to say, there wasn't much interest, but those who did respond said they'd only gain a little more trust to follow through with the transaction.

My question to you all is - Why isn't full disclosure of one's identity enough to secure a loan?

I've seen several people request loans offering their DOX only to get ragged on and collateral demanded. I don't disagree with collateral (please don't misconceive what I'm saying), I guess I don't quite understand why there's an issue with proof of identity. Yes, I know this community is full of scammers; I've been scammed (not here tho) and I've even called a few of them out. I also know that DOX can be faked. But is that the only reason for its non acceptance? I mean, if you know someone's identity (verified identity), couldn't you pursue criminal charges against them for breach of trust? Or make a small claims case against them? Wouldn't those judgements against a defaulted borrower have a more lasting effect?

Lets have a civilized discussion, please.

And for those who might be thinking I'm preparing to ask for a loan... shame on you. I'd starve first.

+1

I reported issues and tech support responded promptly. Please continue with this attribute. It's pretty obvious you guys have put a lot of work into this casino and many of us are hoping you succeed; we're tired of all the fly by night joints out there.