Best way to get reputation as a lender?

[slakk]

Hello I am new here but I have read on these forums for a long time now. I think lending btc to the community is a great way to help everyone out including myself. I am wondering how I can get reputation up as far as getting people to trust me. Any tips are greatly appreciated, I have read all of the stickies. Thanks!

[ranochigo]

I find it impossible to gain solid reputation being a lender. Lending does not involve any risk that the borrower has to take unless the collateral is held by you. This is highly unlikely as newbies most likely would require an escrow to facilitate the lending. Even if positive trust is given, most would likely just ignore it unless collateral (if applicable) is held by you.

[--Encrypted--]

you gain reputation by just lending. but it's very hard to gain trust by just lending.

[Athertle]

you gain reputation by just lending. but it's very hard to gain trust by just lending.

This. You shouldn't be loaning to get reputation or trust. You should be loaning to simply loan to others. You don't need trust to be able to become a lender because you're entrusting others with your money.

[master-P]

Is this why people lend/borrow such micro amounts in the lending section? To gain (or farm) trust?

[ColderThanIce]

Is this why people lend/borrow such micro amounts in the lending section? To gain (or farm) trust?

I've noticed the same thing. Take this user for example. The majority of his positive feedbacks (trusted and untrusted)  are for deals under 0.1 BTC, and in the end he ripped someone off for 0.065 BTC.

Not sure why someone would do that though, he would have made way more than 0.065 BTC by just selling his account.

[hilariousandco]

you gain reputation by just lending. but it's very hard to gain trust by just lending.

Exactly. How do you normally gain any reputation or trust? You earn it over time. However, there is more to trust/rep than just doing a few trades and setting out just to become or appear reputable or trustworthy usually sets off alarm bells for me.

Is this why people lend/borrow such micro amounts in the lending section? To gain (or farm) trust?

Pretty much. I never understand colleteralised loans where the borrower gives more than the loan value in colleteral. It's like going to a bank and asking for a cash loan but giving them even more cash than the amount you are taking out but in a different currency. What's the point? You obviously don't need the money. Using accounts as collateral is the best option really. That's just like using your house for a loan. If you give less than what the account is worth you can make a nice profit if they default as well but most people probably don't need these piddly amounts they request and could just earn the same within a short period of time by just joining a signature campaign anyway.

[3Coins]

that's very costly just to gain a good reputation here in this site and the risk of getting scammed is high because of the loan defaulters.

[pjsonowal]

Your thread topic sounds like you want a way to get some trust getting some loan or giving loans. Maybe i may be wrong about you but my dear friend. If you really want to earn trust go give some true contribution to forum. I mean lending is also a way, but its not the only way to earn trust.

[Eastwind]

Lending other people to help their needs is a good deed. But you are rewarded with loan interest.

As long as you take appropriate collateral and check carefully, there is no risk. But I will still give positive feedback to the person who lend me money.

[SFR10]

First of all, your intent shouldn't be to gain trust from people and to add that up, using the loan scenario is not a good way to hope for earning positive trusts either as trust is gained over time for various reasons and shouldn't be from lending someone as this destroys the trust system in my opinion and trusts earned that way, shouldn't reflect on the account at all (If it could be this way hopefully)

Is this why people lend/borrow such micro amounts in the lending section? To gain (or farm) trust?

apparently yes, I've been in the forums for some time now but comparing before and now, many people pop out of no where to give micro loans and the purpose is clear to me and to others as well...their like looking for a way to circle the so called "Farm Trust" and yet don't get caught

[erickimani]

being trusted as a lender can be very tricky. what you need to do is just lend and with time your reputation will increase and people will trust you. thank you.