Why you should lend to this newbie

[Coffeez]

Kiss my ass

[zazarb]

After reading countless threads in the lending section of this website.

I think you missed this topic : https://bitcointalk.org/index.php?topic=577765.msg6311902#msg6311902
regards
-zz

[--Encrypted--]

So I'm trying a different angle..

others have tried this before. but the only thing they got was some negative feedback.

so yeah.

[onemorexmr]

if you are willing to share your docs maybe try btcjam or bitlend
(i havent tried bitlend and left btcjam looong ago, just take a look and decide for yourself)

[bitcoin revo]

I'm going to have to tell you no. ID is worth nothing; Vod gives a pretty good explanation on why.

- 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.

Also, "proof of income"? Your income must be a measly thing for you to be begging for less than 5 bucks.

[Coffeez]

if you are willing to share your docs maybe try btcjam or bitlend
(i havent tried bitlend and left btcjam looong ago, just take a look and decide for yourself)

Thanks for the referral and I have looked at those sites. It just takes so long to fulfill those loan requests..

[--Encrypted--]

Thanks for the referral and I have looked at those sites. It just takes so long to fulfill those loan requests..

well, waiting for a no collateral loan to be fulfilled here will take even longer when you're a newbie. so that's kind of your best option.

[EthanB]

Take it from a newbie who tried the same thing, it won't happen and you will regret asking. Find some collateral, or build up some trust over the next few weeks before requesting a loan.

[Coffeez]

I'm going to have to tell you no. ID is worth nothing; Vod gives a pretty good explanation on why.

- 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.

Also, "proof of income"? Your income must be a measly thing for you to be begging for less than 5 bucks.

There's a difference between good ol' traditional CASH and Bitcoin. My employer doesn't pay in bitcoin. And I do not have access to buying bitcoin without waiting a week.

[zazarb]

I'm going to have to tell you no. ID is worth nothing; Vod gives a pretty good explanation on why.

- 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.

Also, "proof of income"? Your income must be a measly thing for you to be begging for less than 5 bucks.

There's a difference between good ol' traditional CASH and Bitcoin. My employer doesn't pay in bitcoin. And I do not have access to buying bitcoin without waiting a week.

I  only wonder what can not be bought for traditional payment method? if you confirm that money will have to.

[BiPolarBob]

I think a good quality ID set is worth more than .02BTC because it can be used for profitable illicit activity in the event of lender default.  That is, assuming the ID looks good. So in my mind, the collateral is sound.

[--Encrypted--]

Find some collateral,

good advice there.

or build up some trust over the next few weeks before requesting a loan.

I doubt people will trust you enough to give you a no collateral loan when it's clear that you want to buy trust.

[onemorexmr]

I think a good quality ID set is worth more than .02BTC because it can be used for profitable illicit activity in the event of lender default.  That is, assuming the ID looks good. So in my mind, the collateral is sound.

IMHO there are two problems:
 - how to verify his docs... and still be profitable with a 5$ loan?
 - in case he defaults what to do? its just 5$... its not worth calling a lawyer

[BiPolarBob]

I think a good quality ID set is worth more than .02BTC because it can be used for profitable illicit activity in the event of lender default.  That is, assuming the ID looks good. So in my mind, the collateral is sound.

IMHO there are two problems:
 - how to verify his docs... and still be profitable with a 5$ loan?
 - in case he defaults what to do? its just 5$... its not worth calling a lawyer

That's exactly my point.  You don't need to verify them. If the ID looks really good, it has value in itself (good for anyone wanting to scam). I think that value is more than 0.02BTC but it really depends on the amount of ID he provides.

[onemorexmr]

I think a good quality ID set is worth more than .02BTC because it can be used for profitable illicit activity in the event of lender default.  That is, assuming the ID looks good. So in my mind, the collateral is sound.

IMHO there are two problems:
 - how to verify his docs... and still be profitable with a 5$ loan?
 - in case he defaults what to do? its just 5$... its not worth calling a lawyer

That's exactly my point.  You don't need to verify them. If the ID looks really good, it has value in itself (good for anyone wanting to scam). I think that value is more than 0.02BTC but it really depends on the amount of ID he provides.

if i get you right you are saying that if he defaults you could sell his id to another scammer?
if his id is already fake and you dont see it he could just use it again (maybe not on btct)

[BiPolarBob]

I think a good quality ID set is worth more than .02BTC because it can be used for profitable illicit activity in the event of lender default.  That is, assuming the ID looks good. So in my mind, the collateral is sound.

IMHO there are two problems:
 - how to verify his docs... and still be profitable with a 5$ loan?
 - in case he defaults what to do? its just 5$... its not worth calling a lawyer

That's exactly my point.  You don't need to verify them. If the ID looks really good, it has value in itself (good for anyone wanting to scam). I think that value is more than 0.02BTC but it really depends on the amount of ID he provides.

if i get you right you are saying that if he defaults you could sell his id to another scammer?
if his id is already fake and you dont see it he could just use it again (maybe not on btct)

Yeah, I didn't mean on this forum.  I just meant that good quality ID sets have value.  So in my mind it is a form of collateral.

[Coffeez]

I think a good quality ID set is worth more than .02BTC because it can be used for profitable illicit activity in the event of lender default.  That is, assuming the ID looks good. So in my mind, the collateral is sound.

IMHO there are two problems:
 - how to verify his docs... and still be profitable with a 5$ loan?
 - in case he defaults what to do? its just 5$... its not worth calling a lawyer

That's exactly my point.  You don't need to verify them. If the ID looks really good, it has value in itself (good for anyone wanting to scam). I think that value is more than 0.02BTC but it really depends on the amount of ID he provides.

So..Are you willing to fund me?
Of course that is upon repayment, you agree not to sell my ID to a scamming ring.😂

[onemorexmr]

Yeah, I didn't mean on this forum.  I just meant that good quality ID sets have value.  So in my mind it is a form of collateral.

you are right that a good ID set has value
i would not accept it as collateral because a collateral is meant to be sold in case of a default: https://en.wikipedia.org/wiki/Collateral_(finance)

as in my mind selling IDs is only for scammers i'd suspect any lender who takes this as collateral as a potential scammer (i would not neg rate him though)

[BiPolarBob]

I think a good quality ID set is worth more than .02BTC because it can be used for profitable illicit activity in the event of lender default.  That is, assuming the ID looks good. So in my mind, the collateral is sound.

IMHO there are two problems:
 - how to verify his docs... and still be profitable with a 5$ loan?
 - in case he defaults what to do? its just 5$... its not worth calling a lawyer

That's exactly my point.  You don't need to verify them. If the ID looks really good, it has value in itself (good for anyone wanting to scam). I think that value is more than 0.02BTC but it really depends on the amount of ID he provides.

So..Are you willing to fund me?
Of course that is upon repayment, you agree not to sell my ID to a scamming ring.😂

Would you come on a video call and hold up your ID? That would prove you aren't using second-hand ID.

[marjod]

With the intel he left (mail and name in OP), it likely seems to be this guy here: https://loanbase.com/user/index/id/19041/kingsoda505
Nobody should give him loan because it likely to be a scammer.