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Lauda
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August 03, 2015, 11:27:34 AM
 #1

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unthy
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lottery248
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August 04, 2015, 06:48:30 AM
 #2

i wanna ask you, can i use my raspberry pi as a collateral?
is the escrow mandatory to?
(using altcoin to loan bitcoin = put money to loan money, that's why altcoin as collateral is silly.)

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August 04, 2015, 06:56:46 AM
 #3

i wanna ask you, can i use my raspberry pi as a collateral?
is the escrow mandatory to?
(using altcoin to loan bitcoin = put money to loan money, that's why altcoin as collateral is silly.)
No, it is not silly. Some people do not want to sell their altcoins to get Bitcoin temporarily, which is actually a smart move. You could either lose value, or lose out on potential gains.


The raspberry pi is worth $25. At the current exchange rate that would be worth around 0.09 and I could give you 0.07.
Exactly how do you plan on using it as a collateral without the use of escrow? You do realize that for a transaction to occur, that either I or the escrow has to receive your collateral?

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August 04, 2015, 06:58:53 AM
 #4

well that is not, it is raspberry pi 2 model B.
i am using that to buy a new keyboard, or renting mining rigs.

lottery248
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August 04, 2015, 07:14:35 AM
 #5

(just for reference.)
please have a signature.
i am planning that as a collateral:
please provide a public note for, i don't wanna use the loan to pay the shipping fees(the shipping fee is high), otherwise you would gain the raspberry pi for almost free, you know.
i am always online and check every single messages, so i will be able to see what is the status of the loan.
all in all what i don't want to pay the fees of shipping or escrow(it needs to be shipped too!) before i default.

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August 04, 2015, 09:09:04 AM
 #6

That's what I'm talking about. The model B I could value at ~40$ (meaning you could get around $32 in BTC from me). If you factor in the shipping fees to the escrow and back, it is not worth it for you since the amount is pretty low.

(just for reference.)
please have a signature.
i am planning that as a collateral:
please provide a public note for, i don't wanna use the loan to pay the shipping fees(the shipping fee is high), otherwise you would gain the raspberry pi for almost free, you know.
i am always online and check every single messages, so i will be able to see what is the status of the loan.
all in all what i don't want to pay the fees of shipping or escrow(it needs to be shipped too!) before i default.
I don't understand where you're going with this. Exactly what is supposed to be the collateral? How much coin are you even asking for?

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August 04, 2015, 09:18:00 AM
 #7

i am asking for .05 originally, but i cannot get this loan due to the escrow matter.
i have no altcoins at all, and you will not accept non-collateral loan of course.
never mind, i just wanna buy a keyboard.

Lauda
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August 05, 2015, 08:44:30 AM
 #8

Obviously you're not going to get any loans without collateral, especially due to your trust rating. There's a link in the first post that will show you what else is considered as valid collateral.


Reposted as bump.

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unthy
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August 05, 2015, 08:58:38 AM
 #9

I just suggest that " use a different re-payment address " for every customer, else suppose two person have due loans and both say they paid and you got only once, how will you verify ? and suppose someone withdrawn from exchange cant even sign message with that address.
Lauda
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August 05, 2015, 09:29:37 AM
 #10

I just suggest that " use a different re-payment address " for every customer, else suppose two person have due loans and both say they paid and you got only once, how will you verify ? and suppose someone withdrawn from exchange cant even sign message with that address.
Well the only way to verify would be to request proof that they own the address. However, you are right. If someone was withdrawing from a service that could complicate things.
Thank you for your input, I'll keep this in mind. For every loan there will be a unique payment address.


Update:
Thread will remain closed until I see the need for it.

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unthy
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