Thanks for tagging his alt!

Good job spotting that one condoras. You saved me the trouble, thanks again.

Just... No.

Everybody is sounding like a broken record in this section.

1. READ THE STICKIES.
2. No collateral. no loan.
3. Newbie = scammer, unless you give sufficient collateral.

Denied

You have a negative trust regarding unpaid loan with condoras. Have it cleared first.

Verified using Bither wallet.


Loan agreement #161128008
Repayment amount: 0.0125BTC
Repayment date: December 15, 2016

Status updates:

Lone Shark
✅ Loan collateral secured.
✅ Account Tagging. (Neutral Trust)
✅ Loaned amount of 0.0125BTC sent to address provided. Reference - Here
✅ Optional service.

Client
✅ Repayment, December 3, 2016 - Reference

Notes:

Legend:
✅ - Done
❎ - Processing

Approved Loan Amount: 0.0125BTC
Repayment amount: Principal 0.0125BTC + Base interest 0.0023BTC + Optional Service Fee 0.0026BTC = 0.0174BTC
Repayment date: December 15, 2016

Procedure:
1. Send me the following via PM:
   a. Account login details (username and password)
   b. Alternate contact details (Valid email or your alternate bitcointalk account)
2. If you agree to these terms, please sign a message like this:
3. Wait for a maximum of 12hrs for processing. (Do not change your account login details)

Optional Service Details:
1. I will send you a VPS RDP login to access your BCT account. (you will not be able to change your password or email here)
2. This will be processed within 12hrs along with loan.
3. Do not change the login details of RDP.
4. I will not be responsible for any damage you may cause to your account or other properties while you are using it.

Non-compliance to these additional terms will result in a delay in the application or outright denial of the application.

For more inquiries feel free to contact me via PM.

Denied.

Unless you escrow that CSGO knife with a trusted escrow agent, good luck getting a loan, buddy.

BUMP

Loan agreement #161125007

Status update:
-Loan collateral secured.
-Loaned amount of 0.002 sent to address provided. Ref: https://blockr.io/tx/info/6e289956ea8022494a3d640972ddcea50f146f25fa03f9ead4c7979326a7dc09

Notes: Borrower sent different BTC Address via PM. Which is, 3MZq942yLrneQVmf4hSLDmh8bwtS4HrjHP

Approved Loan Amount: 0.002BTC
Repayment amount: principal 0.0020BTC + 0.0010BTC Base interest + 0.0000BTC Optional Service Fee = 0.0030BTC
Repayment date: Nov 30, 2016

Procedure:
1. Send me the following via PM:
   a. Account login details (username and password)
   b. Alternate contact details (Valid email or your alternate bitcointalk account)
2. If you agree to these terms, please sign a message like this:
3. Wait for a maximum of 12hrs for processing. (Do not change your account login details)

Optional Service Details:
1. I will send you a VPS RDP login to access your BCT account. (you will not be able to change your password or email)
2. This will be processed within 12hrs along with loan.
3. Do not change the login details of RDP.
4. I will not be responsible for any damage you may cause to your account or other properties while you are using it.

Non-compliance to these additional terms will result in a delay in the application or outright denial of the application.

For more inquiries feel free to contact me via PM.

Hello Machina,

I need a signed message from an address you have staked or posted in the forums that is three months old or more. However looking at your profile you have not done so.

I can only give you a loan of up to 0.005BTC

Just to bump

So, you're saying use them and forget about your money lost? If this was the case why require useless collateral? Just do no collateral loans. So, in the end, we just lend money to trusted people on the forum. Oh right, they don't even number in the hundreds and most of them are rich enough to live without loans.

You're a lender as well. What do you do if you got accounts as collateral and they default? You use them yourself or you sell them or just say "oh well good bye money"?

They can't stop every single transaction of accounts. They cannot tag every single one of them too. That's another truth.

@The Pharmacist: Profits is the main purpose why we are lending to people. But giving chances is another thing and should not be mixed with business. Regardless, I got burned with that. Count it as a mistake and charge it to experience. We all make our mistakes.

@Everyone who suggests altcoins: There are only a few people who would want to use altcoins as collateral. The reason is simple, if they had altcoins they have money. They only need to convert these coins into another asset like bitcoin or sell them for dollars.

In light of all these discussions, instead of discussing "why we lenders should stop accepting accounts as collateral" and "sold accounts are bad" why not let's move just to make it illegal selling, trading, farming, sharing, etc. of bitcointalk accounts? I support all your stance regarding the fight against spamming/scamming, however since the rules have this loophole regarding accounts, then let's just move to ban it.

Edit: What's the point of discouraging something if people are condemning to the point of just damaging the account to make it worthless? Just make it illegal.

I predicted this was going to be brought up. In retrospect, I would say accepting that account was a newbie mistake on my part, and I have taken that one as a loss on my part.

It is the future transactions that lenders will do, is what I fear will be prejudiced if we can no longer dispose of the accounts we held as collateral.

So in light of these question, what do you guys propose us lenders do with an account left with us as guarantees for loans we give out? Or would you propose us lenders not to take accounts as collateral anymore?

Sayonara lending market.

From what has been said here, this would be a dangerous precedent that would result in an implied restriction and discouragement to the lenders not to accept Bitcointalk accounts as collateral. From what I understood from reading everything in the lending section stickies, loan threads, and other informative threads, they encourage lenders to require collateral. One of the best collateral suggested in these texts is Bitcointalk accounts.

Now, here comes a thread questioning actions of senior members tagging these accounts that were left as collateral and the owner has defaulted. Do you guys mean that we as lenders, we should just consider these accounts as worthless because we should not dispose by selling them and consider the loan lost as a loss on our part?

Knightkon has been in the business of lending for quite some time, for sure he has had his fair share of defaulted and repaid loans. He for sure has checked the accounts thoroughly and ensured that he would get paid. However, there are circumstances that lenders cannot foresee. Like the borrower not paying for some shitty reason, we cannot even fathom at times (you would not even believe what they tell us when they can no longer pay the loan, which is really frustrating). And now here you guys go, and tag the collateral left with us. The only chance we can regain what we lost and you guys just simply leave a negative trust. You easily do this, because this is not your livelihood. Lenders don't really want these accounts, in all honesty. We want our money back, but how can we when the borrower has already lost our money in whatever he is doing and don't want to pay us back. So we must result in selling the collateral so we can recover from our loss. Is that so bad? Is this not business?

We just want also co-exist within the bounds of the rules implemented. If you guys really want to stop account selling and spammers/scammers taking hold of these accounts, why not make a permanent solution? Ban the selling and transferring of accounts! This is the only solutions to this. Because leaving a red trust really destroys an account and makes it worthless. No one wants to trust an account with red trust; that's the truth. But getting a red trust from doing something which has been heavily debated as legal and valid in this forum, now that is unfair.

Denied

Your account is not worth 0.005 (blame the account farmers) and also your account is tagged already. You should have been careful when you tried to sell that account.

Bumping thread.

Approved for only 0.002

It's not member yet. The price of a potential sr member is around 0.01. So do the math.


Approved for only 0.003

This is a member account, even if its almost full member. You still have 2 weeks to full member. That's still far away. Can go up to 0.005 if you ask sweet to remove the trust left on the account.