valid collateral

[asanasuooooos]

hi all

are ebay gift card is valid collateral

[stiffbud]

hi all

are ebay gift card is valid collateral

for me it's not. It will lookmore like you want to sell it but someone might be interested.

Here's a list of valid collateral from vod

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?

- Items they want to sell.  They don't want it back, so they will default.  It's scammy unethical behavior and will lead to negative trust.  Check their recent posts!
- Items not in hand.  Don't trust a user that promises to give you something *when* they default!  Tracking numbers only show something has been mailed - it could be an empty box.
- Future income.  You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification.  So what if they can prove who they are.  Are you going to spend more money and time taking them to court on untested legal grounds?  You'll probably just walk away, like everyone does.  ID is useless.
- Games codes or similar.  To verify the collateral you need to use the code, which destroys the collateral.  Consider this a purchase, not a loan.  (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time.  Escrow can't even help, as paypal charge backs can come over 6 months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)  Examples:  Steam

[knightkon]

I have to comment on here.
1st, for some lenders, an eBay card may be valid collateral.  I would take the card as collateral, however the issue I have is this:
Not 20 days ago you made claim that you had 10.1 bitcoin available for loan or investment (I forget which one).  Reference
Now you are here looking to verify collateral for a loan?  Come on here.  You may be a cool guy, I do not know, but you need to reevaluate what you are doing for you are going to make a really bad name for yourself.

[josephdd1]

I have to comment on here.
1st, for some lenders, an eBay card may be valid collateral.  I would take the card as collateral, however the issue I have is this:
Not 20 days ago you made claim that you had 10.1 bitcoin available for loan or investment (I forget which one).  Reference
Now you are here looking to verify collateral for a loan?  Come on here.  You may be a cool guy, I do not know, but you need to reevaluate what you are doing for you are going to make a really bad name for yourself.

Come on, Op already have a bad name here after posting/ opening 2 times a Thread just to tell us that he had a bunch of BTC.
Now, he is open a thread to ask about collateral...LOL
Next time Op, just create a thread and ask if we are humans....

[knightkon]

I have to comment on here.
1st, for some lenders, an eBay card may be valid collateral.  I would take the card as collateral, however the issue I have is this:
Not 20 days ago you made claim that you had 10.1 bitcoin available for loan or investment (I forget which one).  Reference
Now you are here looking to verify collateral for a loan?  Come on here.  You may be a cool guy, I do not know, but you need to reevaluate what you are doing for you are going to make a really bad name for yourself.

Come on, Op already have a bad name here after posting/ opening 2 times a Thread just to tell us that he had a bunch of BTC.
Now, he is open a thread to ask about collateral...LOL
Next time Op, just create a thread and ask if we are humans....

I am just waiting for him to close down and open a new account, or even better yet buy an new account!!  This guy will never learn and his attempt to look like a baller did not hold much water in that bucket he is holding, full of holes!!  You have to wonder!!  OP, please close this thread and go away, no one will be trusting you here.