This question is really above my pay grade, but maybe I can make a suggestion that will help you down the right track.  I've run a couple of different SPV servers over the last few years including ElectrumX, Romanz' Electrs, and (my favorite,) blockstream's Electrs.  Blockstream's Electrs has been the most stable and practical one that I've used, and it tends to be the one recommended by most client-side developers.

As for communicating with the server, could it be as simple as creating API requests?  Again, this part is above my pay grade but if it helps, here's Blockstream's API documentation: https://github.com/blockstream/esplora/blob/master/API.md

What the literal fuck?  Over!

Why would anyone bump this painful memory?  TYM and ASU really figured out how to take advantage of my generous nature, and I consider them responsible for my current ornery disposition towards borrowers on this forum.  Things will never be the same!  Even though I would never risk more than I can afford to lose, and the losses I suffered to those two(?) pieces of shit didn't affect my over all financial health, the pain of being duped by them is still real.

If anyone has something significant to add to this topic in the future, please PM me.

Thread locked!

I'm reluctant to pass judgement just yet.  I tend to agree with examplens' comments in the other thread that the participants of a ponzi shouldn't be tagged for their naivete.  Unless there's proof that alterra57 or HedgeFx are facilitating the ponzi, I think the red-tags and the flags are inaccurate.  

I'm also not convinced that the addresses used aren't merely coincidental due to them belonging to a relatively popular exchange, as nutildah has pointed out.  If it's proven that the two accounts are alts, giving a loan to yourself is pretty shady shit and would deserve a tag for that alone, but again I'm yet to be convinced.

I'm not saying there isn't something suspicious here, but as things are at the moment I'm not seeing enough evidence to justify the tags and flags.  I'm going to hold off on support or opposition for the time being.

01)  Man City
02)  Over
03)  Over
04)  Over
05)  Yes
06)  1st
07)  Yes
08)  Yes
09)  No
10)  Yes
11)  Yes
12)  No
13)  No
14)  Yes
15)  8'

Care to elaborate?  You can send me a PM if you prefer.

If I were in your position, I would try to emulate one of the more experienced and successful lenders rather than trying to copy one of the newer lenders who's still cutting his teeth.

For example:


Don't be so quick to discount constructive criticism as an attempt to "push you down," even if comes off as trolling.  This is the internet, and we're all somewhat anonymous which makes trust harder to obtain than in real life.  If you're in the habit of doing things that look fishy, many will assume that you're intentions are not pure.  Be open and transparent with your borrowers, especially at the beginning.  There are plenty of seasoned, reputable members of this community who've been burned and will make every effort within their power to prevent scammers and shysters from gaining a foothold.  They may come off as suspicious, harsh, and maybe even rude, but if you look at what they've been able to accomplish in this community it becomes apparent that their intentions are pure.

If you do encounter a skeptical cynic or two, address their concerns honestly without getting defensive.  Keep the high ground, and eventually your personality will show through.  Whether that's a good thing or not will be up to the observer to decide.

That's a hard "No."

First of all, that's not safe for you.  To hand over your metamask account you would have to give the escrow agent your seed phrase, meaning the escrow agent would have access to, and control of all your accounts.  

Second, even if you provided the escrow agent with only the private key for the one account, it would be unsafe for the lender because you would still have access to the collateral items and could move them as soon as the lender sends you the loan.

Third, no lender is going to give you a loan based on "estimated value" of digital art or NFTs.  If you default on the loan, the lender would be stuck trying to sell NFTs that may have no actual value or take years to sell to recover the lent amount.

Sorry, but without a fungible coin as collateral I have to rescind my offer to help.

I've provided escrow for folks in the past, if you trust me I may be able to help.  
What coin do you need the escrow agent to hold, and what quantity?  I charge as little as 1% for larger quantities.  Feel free to respond via PM, if you prefer.

Otherwise, I suggest you contact DarkStar_, Hhampuz, or minerjones.  All three are very professional and reliable.  

No one cares about the age, activity, or rank of your account if you are the one taking the risks.  Just don't be a creep, and you'll be able to conduct business without issue.  Look at the other "newbies" offering loans recently; many of them are suspected of pretend to give loans to themselves to feign activity and trust.  It's obvious and untrustworthy.

Non-secured loans (without collateral) are all up to you, make sure to only give those out to trusted individuals that are unlikely to abscond with your money.  If you want to offer secured loans, make sure to contract with a trusted escrow provider.  Obviously you need to trust the escrow agent, and so does the borrower.  If you expect people to send their collateral directly to you, that makes you look like a scammer waiting for an opportunity.  This will change as you gain rank and activity, and the community starts to trust you.  But you must be patient, it's not going to happen over-night, or even within a few months.  It may take years.

It sounds like you got Electrum to run on your system, but I'll make a suggestion about running an AppImage in Ubuntu:

I've had the same issue when I've installed Ubuntu Minimal, it appears that installing the OS with that method doesn't install libfuse2, a specific library needed to run some app images.  To fix the issue:

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You can use Electrum to restore your wallet without needing the Ledger.  You can use your seed phrase to create a new wallet in Electrum, and on the tab where you enter your seed, there's a button to allow you choose some options.  You need select the option for an extended seed, then enter your extra word in the dialogue box for the extension.

If you need help in German, you'll need to post in your local section: https://bitcointalk.org/index.php?board=16.0

To answer your question; if the transaction has any confirmations, it's unlikely that you'll be able to recover the money.  Mempool has been very busy in the last few weeks, so many transactions with low fees are lingering for a while before they get their first confirmation.  That might be why you are having trouble.

Find your transaction in Electrum, and copy the Transaction ID, then check it in a blockchain explorer, such as Mempool.space.  That will show you if the transaction is confirmed, and to what address the transaction was sent.

12-word seeds are plenty safe.  Cracking a 12-Word seed that was generated with the appropriate entropy (which any reputable hardware wallet would provide) would take the fastest computer many millennia.  The Trezor One will ask you if you want a 12 or 24 word phrase, but you are correct that the Trezor Model T will default to 12 words.  I recommend Trezor over Ledger, but if the 12-word phrase is stopping you from buying a Model T, don't let it.  You can use Electrum to initiate your Model T and it'll allow you a choice of 12, 18, or 24 words.  That's how I set up my Model T, and I use a 24-word phrase.

Not to mention that the lent amount was supposedly sent 17 minutes before the recipient's address was posted.  

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That's rather cheap for milk and cookies, but okay, lets check out your original post:


So, 110% of $15 is $0.5?  I think you better quit lying or learn some math.  Either way, things aren't likely to end well.

Aw, how cute!  Two brand new accounts engaging in a collateral loan.  The fact that both accounts were registered within days of each other, less than a month ago couldn't possibly indicate that they are operated by the same person, and this is nothing but a staged, fake loan with staged, fake collateral...  That would be impossible, right?

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Based on what?  Multiple accounts are allowed on the forum and the bounty rules weren't broken, there's no restriction against having multiple Bitcointalk.org accounts registered in that particular bounty:


Maybe the user is a spammer, but he hasn't broken any rules that warrant a DT red-tag in my opinion.

Ninja has it backed up, so he didn't change so fast that it didn't get archived:

https://ninjastic.space/post/62278525

I'm guessing this is the same troll who's been spamming the lending board for the last year or so.  He's got a real thing for Timelord2067.  All of his posts so far have been begging for money, and one has already been deleted.  I reckon some more have been reported, too.   

You realized that treating one's employee like this (no matter how bad they fucked up,) is illegal in just about every civilized country?  It doesn't matter anyway, because it's nothing but a bullshit sob-story no one believes.

Well, based on what you have written in your signature, that doesn't strike me as very kind.  Rather defensive, actually.


Okay, I'll assume you're telling the truth and not asking, but does that mean that you're not receiving identification documents from naïve members tempted by your $60 newbie loans?  There's at least one who admitted to sending you his ID, and many have sent you "proof of income" which I can only imagine contains identifying information.  What are you doing with that information when someone sends it to you? 


What I'm doing is trying to keep this community safe, and that means obstructing scammers where I can.  Since I'm very suspicious of you and your focus on lending to newbies, I certainly never expected you to join me. 

You don't want me posting in your thread so I won't anymore.  But that doesn't mean you have heard the last from me.

Stupidity is a chronic disorder.  This strikes me as Ledger attempting to cater to the least common denominator, i.e. the really stupid!  The trouble is that whenever you try to make something fool-proof, someone goes out and builds a better idiot.  Maybe they're trying to compete with Jack Dorsey's (Block Inc) policy of "Shared-Self-Custody."