I am no doubt a newbie on this forum. Even so, i have come to realize that there are several challenges that confront both lenders and borrowers.
In my view, newbies happen to be the most affected. Most lenders view newbies as scammers, which is not really the case. While i appreciate the fact that there are newbies who actually turn out to be scammers, there are newbies who are genuine and out to do good.
I certainly know that there are various agencies engaged by such lending platforms as BTCJam and Bitbond among others. Even so, such agencies have done very little to recover what is due to lenders.
I have thought about how to address the problem of scamming at least in my country (Kenya) and i have come up with a solution, which i present to you for consideration. How about having specific individuals or group of individuals in a particular country follow up on defaulters from that specific country?
I think having such a mechanism in place can go a long way in addressing scamming and defaults, which will in the long run make bitcoin lending safe and profitable.
Just a thought. Be free to air your view(s).
Thank you.
Lol, I don't trust any bitcoin lending to any countries in Kenya, Nigeria, and other various African countries due to various email and phone scams. You have no chance getting a loan here without collateral.
