Lending year old accounts for three months

[Lender]

I have a few accounts which are more than a year old now. Currently they are in member rank, but as I have posted in almost every 14 days, they'll become Sr. Member or close to Hero Member just by posting. Unfortunately, I do not have enough time to post through them for rank update. So, I have decided to lend them for a small fee so that they can be monetized through signature campaigns. I'll lend them for three months and will keep 0.25 BTC as collateral. I need at least 400 posts to be added in three months so that I can get them close to Hero Member and there must not be any trust/ban issue in these three months. On return, I'll refund 0.225 BTC. Either you send first or escrow. If you go for an escrow, escrow costs are yours. This is how the deal will be done...

1. You'll send 0.25 BTC to escrow.

2. I'll send the account link to escrow for verification of two parameters...

  i. Account is more than a year old

  ii. Account is of member status

3. On confirmation, I'll send the ID/pass to escrow.

4. Escrow will send 0.25 BTC to me.

5. Escrow will send the ID/pass to you and you'll change ID/pass.


After three months...

1. I'll send 0.225 BTC to escrow.

2. You'll send ID/pass to escrow.

3. Escrow will verify that the account is not banned or no negative trust added and will pass the login credentials to me.

4. Escrow will send 0.225 BTC to you.


If you are interested in borrowing accounts and earn through signature campaigns, please show your interest by posting below or PM me...

[master-P]

Wouldn't it make more sense to have escrow hold on to the BTC deposit to ensure you don't just end up "selling" the account for 0.25? It's a pretty high price for just a member account, even if it has potential activity to go up to senior with posting. Letting the escrow handle the BTC disbursement at the end of the loan will make sure both parties will get back what they expected.

[aahzmundus]

I have a few accounts which are more than a year old now. Currently they are in member rank, but as I have posted in almost every 14 days, they'll become Sr. Member or close to Hero Member just by posting. Unfortunately, I do not have enough time to post through them for rank update. So, I have decided to lend them for a small fee so that they can be monetized through signature campaigns. I'll lend them for three months and will keep 0.25 BTC as collateral. I need at least 400 posts to be added in three months so that I can get them close to Hero Member and there must not be any trust/ban issue in these three months. On return, I'll refund 0.225 BTC. Either you send first or escrow. If you go for an escrow, escrow costs are yours. This is how the deal will be done...

1. You'll send 0.25 BTC to escrow.

2. I'll send the account link to escrow for verification of two parameters...

  i. Account is more than a year old

  ii. Account is of member status

3. On confirmation, I'll send the ID/pass to escrow.

4. Escrow will send 0.25 BTC to me.

5. Escrow will send the ID/pass to you and you'll change ID/pass.


After three months...

1. I'll send 0.225 BTC to escrow.

2. You'll send ID/pass to escrow.

3. Escrow will verify that the account is not banned or no negative trust added and will pass the login credentials to me.

4. Escrow will send 0.225 BTC to you.


If you are interested in borrowing accounts and earn through signature campaigns, please show your interest by posting below or PM me...

This isn't correct. You can run away with 0.25 BTC when escrow sends those to you. It could be done in a different way that escrow sends you 0.25-0.225 = 0.025 Bitcoins and keeps 0.225 and if incase there are problems with account after 3 months he will send 0.225 to you else 0.225 goes to the borrower. This will make both parties happy

[Lender]

Wouldn't it make more sense to have escrow hold on to the BTC deposit to ensure you don't just end up "selling" the account for 0.25? It's a pretty high price for just a member account, even if it has potential activity to go up to senior with posting. Letting the escrow handle the BTC disbursement at the end of the loan will make sure both parties will get back what they expected.

And what will happen if the escrow vanishes within three months by selling his account like this ? Even if I assume the worst case, that I have a plan to sell now and not lend, then standing today yes I'd be on profit. But, standing after three months, I would be losing because a Sr. Member profile (which would in fact be close to Hero Member), will fetch me more than 0.25 BTC. It is rather more probable, that the borrower might not like to return the profile.

This isn't correct. You can run away with 0.25 BTC when escrow sends those to you. It could be done in a different way that escrow sends you 0.25-0.225 = 0.025 Bitcoins and keeps 0.225 and if incase there are problems with account after 3 months he will send 0.225 to you else 0.225 goes to the borrower. This will make both parties happy

Please spare us from the blatant scam you are promoting in your sig. I have already answered your Q above.

[master-P]

Wouldn't it make more sense to have escrow hold on to the BTC deposit to ensure you don't just end up "selling" the account for 0.25? It's a pretty high price for just a member account, even if it has potential activity to go up to senior with posting. Letting the escrow handle the BTC disbursement at the end of the loan will make sure both parties will get back what they expected.

And what will happen if the escrow vanishes within three months by selling his account like this ? Even if I assume the worst case, that I have a plan to sell now and not lend, then standing today yes I'd be on profit. But, standing after three months, I would be losing because a Sr. Member profile (which would in fact be close to Hero Member), will fetch me more than 0.25 BTC. It is rather more probable, that the borrower might not like to return the profile.

That is the worst case scenario, escrow running off and potentially screwing both sides over but this can happen with any transaction with any escrow. Whoever's borrowing will still probably much rather trust his funds in the hands of a reputable escrow than someone posting from a newbie account, no offense. If we go by your logic then nobody should be using escrow since there's a risk that escrow can run away with the funds they're holding.

[Lender]

Wouldn't it make more sense to have escrow hold on to the BTC deposit to ensure you don't just end up "selling" the account for 0.25? It's a pretty high price for just a member account, even if it has potential activity to go up to senior with posting. Letting the escrow handle the BTC disbursement at the end of the loan will make sure both parties will get back what they expected.

And what will happen if the escrow vanishes within three months by selling his account like this ? Even if I assume the worst case, that I have a plan to sell now and not lend, then standing today yes I'd be on profit. But, standing after three months, I would be losing because a Sr. Member profile (which would in fact be close to Hero Member), will fetch me more than 0.25 BTC. It is rather more probable, that the borrower might not like to return the profile.

That is the worst case scenario, escrow running off and potentially screwing both sides over but this can happen with any transaction with any escrow. Whoever's borrowing will still probably much rather trust his funds in the hands of a reputable escrow than someone posting from a newbie account, no offense. If we go by your logic then nobody should be using escrow since there's a risk that escrow can run away with the funds they're holding.

You ducked my concern. I have made it bold so that you can catch them quick. Moreover, when an escrow is used for a day they can be trusted. But I wont trust anyone unknown on this forum for three months to hold my colateral. Even John K vanished for long term holding colateral and returned them much later.

[master-P]

Wouldn't it make more sense to have escrow hold on to the BTC deposit to ensure you don't just end up "selling" the account for 0.25? It's a pretty high price for just a member account, even if it has potential activity to go up to senior with posting. Letting the escrow handle the BTC disbursement at the end of the loan will make sure both parties will get back what they expected.

And what will happen if the escrow vanishes within three months by selling his account like this ? Even if I assume the worst case, that I have a plan to sell now and not lend, then standing today yes I'd be on profit. But, standing after three months, I would be losing because a Sr. Member profile (which would in fact be close to Hero Member), will fetch me more than 0.25 BTC. It is rather more probable, that the borrower might not like to return the profile.

That is the worst case scenario, escrow running off and potentially screwing both sides over but this can happen with any transaction with any escrow. Whoever's borrowing will still probably much rather trust his funds in the hands of a reputable escrow than someone posting from a newbie account, no offense. If we go by your logic then nobody should be using escrow since there's a risk that escrow can run away with the funds they're holding.

You ducked my concern. I have made it bold so that you can catch them quick. Moreover, when an escrow is used for a day they can be trusted. But I wont trust anyone unknown on this forum for three months to hold my colateral. Even John K vanished for long term holding colateral and returned them much later.

You are quite right about that too, which is why it would be up to you who you lend to. But what if you decide that waiting 3 months is too long and would much rather just sell of the potential hero accounts for 0.25 btc?

I suppose you'd also have more luck doing this your way if you were not posting from a newbie account. I believe if both sides have a reputation to uphold that is worth at least the amount of 0.25 BTC then both parties should live up to their end of the bargain.

Again, please do not take any offense from my posts. I'm not accusing you of anything.

[EcuaMobi]

Wouldn't it make more sense to have escrow hold on to the BTC deposit to ensure you don't just end up "selling" the account for 0.25? It's a pretty high price for just a member account, even if it has potential activity to go up to senior with posting. Letting the escrow handle the BTC disbursement at the end of the loan will make sure both parties will get back what they expected.

And what will happen if the escrow vanishes within three months by selling his account like this ? Even if I assume the worst case, that I have a plan to sell now and not lend, then standing today yes I'd be on profit. But, standing after three months, I would be losing because a Sr. Member profile (which would in fact be close to Hero Member), will fetch me more than 0.25 BTC. It is rather more probable, that the borrower might not like to return the profile.

That is the worst case scenario, escrow running off and potentially screwing both sides over but this can happen with any transaction with any escrow. Whoever's borrowing will still probably much rather trust his funds in the hands of a reputable escrow than someone posting from a newbie account, no offense. If we go by your logic then nobody should be using escrow since there's a risk that escrow can run away with the funds they're holding.

You ducked my concern. I have made it bold so that you can catch them quick. Moreover, when an escrow is used for a day they can be trusted. But I wont trust anyone unknown on this forum for three months to hold my colateral. Even John K vanished for long term holding colateral and returned them much later.

Regarding the bold part I suggest the escrow holds more than 0.25 BTC. The account borrower can send 0.45 BTC or so to the escrow, who would keep it. You won't receive the coins so you can't run with the money (effectively selling the account for 0.25 BTC) and the borrower won't want to run with the account after 3 months because he'd lose 0.45 BTC. If everything goes well then the escrow sends 0.025 BTC and the account to you and the rest to the borrower.

Regarding the escrow there's always a risk, but it's much less probable a trusted escrow vanishes than you do. Some measures could be taken to reduce the risk:

• Using more than one escrow. Two users could hold the coins, 50% each.
• Using 2-of-3 multisig. Either the borrower and you must release the money (if everything goes well), or the escrow and one of you. The escrow can't release it alone.

However you do it it's far too complicated if you ask me, it will be hard for you to complete the deal. But good luck.

[master-P]

Regarding the bold part I suggest the escrow holds more than 0.25 BTC. The account borrower can send 0.45 BTC or so to the escrow, who would keep it. You won't receive the coins so you can't run with the money (effectively selling the account for 0.25 BTC) and the borrower won't want to run with the account after 3 months because he'd lose 0.45 BTC. If everything goes well then the escrow sends 0.025 BTC and the account to you and the rest to the borrower.

Regarding the escrow there's always a risk, but it's much less probable a trusted escrow vanishes than you do. Some measures could be taken to reduce the risk:

• Using more than one escrow. Two users could hold the coins, 50% each.
• Using 2-of-3 multisig. Either the borrower and you must release the money (if everything goes well), or the escrow and one of you. The escrow can't release it alone.

However you do it it's far too complicated if you ask me, it will be hard for you to complete the deal. But good luck.

Agreed. This is a good way to do it. Takes a few more steps but it ensures that both sides will be safe for the duration and until the end of the loan.

[Lender]

However you do it it's far too complicated if you ask me, it will be hard for you to complete the deal. But good luck.

Seems so... no borrowing offer so far.

[the_reprobate]

This is a risky deal, what if the borrower uses the account to scam or when he is using the account for the campaign but gets ban thus ruining the account in the process..

[ACCTseller]

I personally don't see why you would be charging interest for someone to "borrow" your account as you describe. You would end up gaining much more then the borrower would as the value of your account is going to increase as the borrower posts from the account. If what you say is true regarding the potential activity of the account then you would go from having an account that would be likely to be worth well under .2 BTC to having an account that could easily fetch close to .5 to .6 BTC depending on how close to hero status it is.

IMO if anyone is paid then it would be the person who is posting on your account because they are working to increase the value of your account. Granted they are receiving (in theory) payments from a signature campaign in that time, however they are also working for that payment.