Hello. I was wondering would someone would be willing to loan 1btc for a 18 karat gold wrist watch collateral? Thank you.
If someone does this for you, they will be wanting the watch first, and probably expect you to cover ALL shipping fees. Physical collateral isn't great because it is a fair bit of hassle to transfer between parties etc. Plus the watch could quite easily be fake. Good luck, but you are also a Newbie. |
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Do be carefull tough... It's not because an account is worth 0.1 that it's an easy sale..
I've given out small loans in the past, and it took ages to sell defaulted collateral for a decent price. To make things even worse, a couple guys always left neutral or negative feedback on the account being sold, making it worth even less.
In the end, a couple accounts were unsellable, and i lost some coins due to giving out loans. So make sure you have a solid plan before you even start.
I've already given my first loan. I regret taking the collateral that I did, but it's something to learn from and it wasn't exactly a huge loan. The account should be sellable for the amount I loaned him, but only time will tell. He'll probably pay me back, but I'm not worried if he doesn't. |
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Is it strange I think this is a good thing? Bitcoin losing value will only mean you receive more (if you try to continually earn rather than constantly spend) and when the price spikes again (it will - its not like the community and traders etc. are going anywhere), you'll have a lot more BTC, worth a lot more money when we see a peak again. Everything I've put may be wrong, but that's how I see it.
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This is the website that helps you calculate the price of a btc account. www.bctalkaccountpricer.info/You should offer a loan amount less than this price to earn some profit. Also, do check the post quality of the account you get as a collateral to see if there are any chances of it getting banned. Also, the trust ratings matter and accounts with more green trust are sold at a higher value. Selling BCT accounts often have led to scamming but you need to check the background of the buyer before selling him the account. The price from that website is higher than the ones on the market. That figure was right before the bitcoin price rise. Ah okay, thank you. I did suspect that maybe the script didn't take into account the value of BTC, which is why I also looked at the price of accounts on the forum too. I gave out a 0.02 BTC loan for what may as well be a full member account (it's about 10 activity away). I feel like I should have taken more collateral for the loan but hope that if the user defaults, I should be able to recover the BTC. It's a learning curve. Thanks for the reply. |
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bctalkaccountpricer.info does provide an estimated price for accounts here in foru but I don't think you shoul take it as an accurate price.
Here is my pricing based on the stats of an account.
Potential accounts:
Pot. Member: 0.003 - 0.01 BTC Depends on the current rank and it's post quality. If it's currently a newbie then it could be 0.003 btc , a jr. member near member rank should be around 0.01 btc
Pot. Full Member: 0.01 - 0.03 BTC Still it depends on it's rank and it's post quality.
Pot. Sr. Member: 0.04 - 0.06 BTC
Pot. Hero Member: 0.08 - 0.12 BTC
Pot. Legendary: 0.1 - 0.3 BTC
Accounts as per rank:
Newbie: Doesn't really have any value. Some people sell newbs account because it was an old account created older than 2014 , some buy it but I don't think they even worth something
Jr. Member: 0.002 - 0.004 BTC
Member: 0.01 - 0.02 BTC
Full Member: 0.04 - 0.07 BTC
Sr. Member 0.07 - 0.09 BTC
Hero Member: 0.12 - 0.3BTC
Legendary: 0.4 - 1.5 BTC
That all just depends on my pricing. The price depends still on post quality, if the account has low post quality it would cost less. Also the trust feedback of the account shoul matter. Never get a collateral with a negged account.
Seems like a pretty good, list, thank you. I made my first loan to a potential full member yesterday, using the website recommended and by looking at some other posts of accounts for sale, like all of you suggested. Thanks for all of the input. Don't full the loan you give for every borrower example he wants to loan 0.04 but his account as collateral is full member so the better price of this is 0.03 but don't give full 0.03 just make a deduct so 0.025 i think is better so that you can still make a profit with the collateral if he paid the load anymore so that you can sell his account for a better price.. Honestly give a loan for someone is the best to make profit with our bitcoin and it helps for someone needed.. I'm trying loaning for the exact reason you said, it seems a good way to earn a little BTC. I've given out a loan already, that hopefully if the user defaults I'll still be able to make a small profit on. Thank you for the reply. |
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2008 caught out the $ banks because they had one department lending out willy nilly to anyone in order to prop up the economy while their investment banking department collected 'proof' that nobody ever defaulted on the 98th % slice of mortgage backed securities. Please don't do anything like that with bitcoin-bond collections, as our avoidance of usary is one of the advantages of bitcoin over fictional reserve banking. If you can collect either ounces of silver or comparable collateral then that would be less suss than BTC for forum accounts as collateral. And hopefully you'll collect enough bullion from defaulters to not knock a hole in the wall.
Thank you for the warning. I do feel I should have declined the first loan I gave out because I'm having second thoughts on the collateral, but if the user defaults then I should be able to get the 0.02 BTC, but no profit (or little profit anyway). I put these funds aside for loans knowing I might lose them. All of the funds I loan are from my "active wallet". Currently my sig. campaign pays into my savings wallet, that I hope to build without spending over time. Thank you for the concern. |
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bctalkaccountpricer.info does provide an estimated price for accounts here in foru but I don't think you shoul take it as an accurate price.
Here is my pricing based on the stats of an account.
Potential accounts:
Pot. Member: 0.003 - 0.01 BTC Depends on the current rank and it's post quality. If it's currently a newbie then it could be 0.003 btc , a jr. member near member rank should be around 0.01 btc
Pot. Full Member: 0.01 - 0.03 BTC Still it depends on it's rank and it's post quality.
Pot. Sr. Member: 0.04 - 0.06 BTC
Pot. Hero Member: 0.08 - 0.12 BTC
Pot. Legendary: 0.1 - 0.3 BTC
Accounts as per rank:
Newbie: Doesn't really have any value. Some people sell newbs account because it was an old account created older than 2014 , some buy it but I don't think they even worth something
Jr. Member: 0.002 - 0.004 BTC
Member: 0.01 - 0.02 BTC
Full Member: 0.04 - 0.07 BTC
Sr. Member 0.07 - 0.09 BTC
Hero Member: 0.12 - 0.3BTC
Legendary: 0.4 - 1.5 BTC
That all just depends on my pricing. The price depends still on post quality, if the account has low post quality it would cost less. Also the trust feedback of the account shoul matter. Never get a collateral with a negged account.
Seems like a pretty good, list, thank you. I made my first loan to a potential full member yesterday, using the website recommended and by looking at some other posts of accounts for sale, like all of you suggested. Thanks for all of the input. |
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I have access to the account "CoinHopper". Before I take control and change the email and password, please assure me you can repay the requested 0.025 BTC (0.005 BTC loan fee). If so, please confirm in this thread. The repayment address is: 1FTua17f5hJvF2kTBbzUE2NsYo1eEQ3wFg Remember, only repay to this address, no others. Once the loan is repaid, I will give you the account back with the password you gave me and the email address that was originally on it. Please change the password when you receive it back. Thank you Edit: CoinHopper account is now in my possession. User confirmed fees through PM with alt account "hophoper". Loan sent. https://blockchain.info/tx-index/25f8895c1e09f879f37a8c04798ef4967cecb8c430e2303e2614908a6aa54826 |
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Loan amount: 0.02BTC
Collateral: my account
Repayment date: March 15
Reason: Buy credit phone
Bitcoin address: 1HYNFzrX64pRsnft4ekm5ZBRD52Rg3J933
ACCEPTEDWould you like an escrow? If not, please PM me account details and to outline repayment amount. |
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interesting. in any case how much would my account be worth as collateral.
I would provide you with a loan up to 0.04 BTC for this account, judged on post quality and activity. I will consider negotiation if you were looking for a higher loan that 0.04 BTC. Please fill an application if this is sufficient, or quote this post if you would like to negotiate. I would prefer to negotiate outside of private messages in order to keep a public record. Thank you for the interest. |
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Hello, So I've decided to start myself a loaning service. I have recently only just become active on the forum again, a post proving this account has not been sold is here: https://bitcointalk.org/index.php?topic=1389278.msg14114439#msg14114439
Currently Available To Loan:BTC0.05
What Is Valid Collateral?Currently Accepted Collateral: - Bitcoin Forum Accounts (Minimum of Full Member status - I take no responsibility if you are kicked from sig. campaigns for inactivity) - Valid Alt Coins (Coins that have value and are stable) - BitGold - Suggest Something!
Terms & Conditions of LoansThe value of the collateral you provide is at my discretion, collateral for me is what I say it is worth. By providing me with collateral, your understand the collateral becomes my property until the loan is repaid. If you do not repay within the specified time frame, your provided collateral becomes permanently my property and will be sold without your permission, it belongs to me. I do not use Escrow, only at your cost and request. Time extensions for the loan can be applied for, but this must be before your repayment time expires. Repayments to the wrong Bitcoin address will result in collateral being sold, unless another payment of the full repayment amount is given to the correct address. I will assume you have defaulted on the loan if no contact has been made (and no repayment) by the repayment date, do not expect me to still have your collateral if you contact me after your repayment date. Although I don't require it, it is preferable for you to have an alt. account if I need to contact you about a repayment time extension or anything else.
Interest RatesInterest rates are below, I offer "discounts" on interest the more you borrow.[/b] BTC0-0.049 - 12%BTC0.05-0.99 - 11%BTC0.1-0.5 - 10% <------- Currently not lend-able, I don't even have that in my personal wallet (non-lending wallet)! A 10% compound late fee is applied for each week of repayment extension, added at the first day of each week late. For loans over two weeks, there is also a compound interest rate of 5% each week, added at the start of each week.
ApplicationRemember - NO collateral, NO loan. I will usually reply to any loan requests within a few hours, but please give me a maximum of 24 hours! Please ensure you only apply in this thread, do not PM me please. Application form (please copy and paste, then fill out): Requested Loan Amount:
Collateral To Be Provided:
Proposed Repayment Date:
Reason For Loan:
Amount To Be Repaid:
1FTua17f5hJvF2kTBbzUE2NsYo1eEQ3wFg
Loans#1 CoinHopper/hophoper (alt.) - Loaned: BTC0.02 - Repayment: BTC0.025 - Payment Due: 15th March 2016 - Status: Paid Early!
#2 excword/excwordalt (alt.) - Loaned: BTC0.015 - Repayment: BTC0.019 - Payment Due: 21st March 2016 - Status: Defaulted - Collateral Sold For 0.0201
#3 txbtc/txbtc2 (alt.) - Loaned: BTC0.02 - Repayment: BTC0.024 - Payment Due: 31st March 2016 - Status: Defaulted - Collateral Sold For 0.0201
Defaulted User hasn't made an extension request in the time frame and has not repaid. Late [Weeks Late] - Loan repayment is still in progress as the user has requested a time extension, but a late charge is now in progress. Accepted - Loan has been sent and collateral has been taken, awaiting repayment Paid - User has paid back the loan in full. Collateral has been given back. |
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And I wouldn't deal in noob accounts myself. How big are the loans? Doesn't take much to run away and start another account. Most people aren't very attached to them.
I won't be loaning anything too large, I want to be able to know that if they do run with the BTC, I can recover the losses at least by selling the account. Thank you for all the replies so far. I have checked out the website you provided (erikalui) and it seems quite good, I've never seen it before! I think i'll take a look at some accounts for sale too, and take a look at some good Escrow. Thanks for all of the replies! |
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Hi
I was looking at providing BTC micro loans, and have noticed a lot of people provide account collateral. I can't seem to find a good solid list of how much accounts really are worth. I'm not sure if I really want to take accounts as collateral because it boosts scamming, by at the same time it seems to be a large part of collateral. What exactly are accounts worth, I would assume Newbies and Jr. Members are worth nothing?
Thank you
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Message verified. I missed the part where this was needed, so Ill stay out of that discussion. Thank you for verifying the message in a discussion that you weren't a part of, I appreciate it. |
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I have found a disc containing a wallet with my first Bitcoin Address, if I can sign a message from this wallet and link to a post with me talking of the wallets address a few years ago, I can prove I have never sold my account? The address for the wallet I have found is: 1rSWHEyRStfAFsNZYTri1TJAg3ZaYedyk Attempting to sign a message from it now! Edit: It seems this was not my first BTC address at all, but if I can find an even earlier post where I mention this address, I can prove my ownership of this account to an even earlier date. Another edit: I never mentioned this address on the Bitcoin Forum as it was my savings address in my first days of BTC. It does have a little BTC on it though  |
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Can you sign from this address that goes back to June 18, 2014? 16gFsh4FzVe5i7nqt81LCgRcqCwHcFSmCL People staked their addresses here: https://bitcointalk.org/index.php?topic=996318.0The thing is your full member and until now, don't know how to sign message so you could prove ownership of your account and that raises flags considering there's a gap between September 02, 2015 and March 01, 2016 in which you posted again and due to numerous cases of some accounts posting after some times (a lot recently), it would be good to prove ownership since IIRC there's a way that password changes don't appear or reflect on profiles (I heard it somewhere although not sure). Possibly. This address was stored on a laptop that now has a dead HDD. I will see if I have it backed up on a memory stick (I think I also backed it up on a CD too). Signing message for address before current one now, will see if I can sign an address for the old one after. |
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What would you like? I can give you anything that can prove I am the original creator of the account. *noob moment* - What is a signed message?
Signed message is a proof that you control an address that you posted/staked earlier. Please sign a message with an address posted before September 2015 How to guide: https://bitcointalk.org/index.php?topic=990345.0Hi I'll take a look now, my old wallet is still on my old computer. Thanks for the link too, I'll give a signed message ASAP. |
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I don't see a red feedback on your account unless the ones o the untrusted feedback. CEG5952 is not a truste member here an he himself has a red tagged so his feedbacks on you will not how. I actually see a light green trust in you so I don't know why you are saying you can't join bitmixer. Maybe tey are just out of spots for new member.
As for the feedback, I don't think that matters much i it is really not true. And they were right. This could be a possible bought account.
I haven't actually been denied by BitMixer, just they specifically say no negative feedback, which I do have just it is untrusted. I totally agree that I could have paid for this account, but I can give anything to prove I didn't. It's also just irritating to me that I have big bold red letters across my account permanently. |
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What does that prove? One can also easily inspect element Personal messages, which is why a signed message is the only valid proof What would you like? I can give you anything that can prove I am the original creator of the account. *noob moment* - What is a signed message? |
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