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.
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.
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