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paltoco (OP)
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October 05, 2015, 07:29:54 PM |
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Hello,
I'm now testing few things using bitcoin, need $10 for test payments. I can provide google play wallet codes, steam wallet codes as a collateral. I'll repay within 24 hours $15.
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Athertle
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October 05, 2015, 07:38:17 PM |
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No, that won't work. There is no way to make sure that any codes that are redeemable are in fact legit except for actually using them, which will destroy the point in the whole idea of being collateral. - 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) |
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marjod
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October 05, 2015, 07:39:24 PM |
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Hello,
You should clearly stated the amount you want to borrow in BTC, it could be more clear for potential lenders.
I don't think these code could be considered as a good collateral but since you run a business here, maybe someone could lend you.
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paltoco (OP)
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October 05, 2015, 07:41:23 PM |
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Mate, on Steam first code is verified, then it can be reedemed.
On Google Play same - first summary, then reedem.
It's so important for me, that I can even GIFT somebody here 30eur Steam code for $10 BTC loan. I'll repay, don't worry, I'm now taking care on my trust rating.
I want to borrow 0.041BTC.
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Blazed
Casascius Addict
Legendary
 Offline
Activity: 2128
Merit: 1119
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October 05, 2015, 10:03:13 PM |
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I will lend you the .041 for .051 back (less than you were offering interest wise)
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paltoco (OP)
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October 05, 2015, 10:42:33 PM |
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PM'ing you Steam Wallet code, BTC address:
18kT4yfgZvF7s6HnjGAyZeCXk3nNAr3qDk
Repaying 0.051 within next 24 hours.
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paltoco (OP)
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October 07, 2015, 12:19:02 AM |
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No repayment was yet made. We discussed and agreed on little delay. Will repay 0.055 soon. Will update here. Thanks to Blazed for the trust, its rare here as i saw.
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Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
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October 09, 2015, 11:47:42 PM |
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Any update on the repayment date?
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marjod
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October 10, 2015, 12:13:22 AM |
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It seems that paltoco didn't reconnect since he got the loan.  I think you can liquidate the collateral since he default loan |
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bitcoin revo
Legendary
Offline
Activity: 1168
Merit: 1049
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October 10, 2015, 12:14:50 AM |
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It seems that paltoco didn't reconnect since he got the loan. I think you can liquidate the collateral since he default loan Just because he didn't come online for 2 days doesn't mean that you should immediately liquidate the collateral. Blazed, did you guys discuss a vague idea of the delay time? |
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whywefight
Legendary
Offline
Activity: 1078
Merit: 1042
www.explorerz.top
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October 10, 2015, 12:18:00 AM |
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It seems that paltoco didn't reconnect since he got the loan. I think you can liquidate the collateral since he default loan Just because he didn't come online for 2 days doesn't mean that you should immediately liquidate the collateral. Blazed, did you guys discuss a vague idea of the delay time? actually he stated "I'll repay within 24 hours $15." |
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bitcoin revo
Legendary
Offline
Activity: 1168
Merit: 1049
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October 10, 2015, 12:19:24 AM |
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It seems that paltoco didn't reconnect since he got the loan. I think you can liquidate the collateral since he default loan Just because he didn't come online for 2 days doesn't mean that you should immediately liquidate the collateral. Blazed, did you guys discuss a vague idea of the delay time? actually he stated "I'll repay within 24 hours $15." Sorry, I was talking about when he updated the thread about how there was a delay in the repayment. Quote: No repayment was yet made. We discussed and agreed on little delay. Will repay 0.055 soon. Will update here. Thanks to Blazed for the trust, its rare here as i saw.
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marjod
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October 10, 2015, 12:29:38 AM |
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Actually, if Blazed asked on the topic about an update of the repayment, it's possible that the delay have passed.
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Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
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October 10, 2015, 02:54:13 PM |
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If I do not hear from him today I will drop some red on his account.
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deadlyunknown
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October 11, 2015, 03:54:12 AM |
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Why not sell your steam wallet code instead? It's worth more than your loan you are asking.
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Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
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October 11, 2015, 03:53:07 PM |
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Does anyone know how to verify a steam code? I was given the code by the lender, but I have no idea if it is working or not.
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monbux
Legendary
Offline
Activity: 1736
Merit: 1029
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October 11, 2015, 04:07:53 PM |
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Does anyone know how to verify a steam code? I was given the code by the lender, but I have no idea if it is working or not.
Hey Blazed, sorry but a steam code isn't a valid collateral. He most likely took it and used it himself after he defaulted on the loan. You simply go here: https://store.steampowered.com/account/redeemwalletcodelog in, and enter the code. You will get a confirmation screen after so it will not immediately use the code. (If you don't want it, lemme know I might buy it  ) |
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swogerino
Legendary
Offline
Activity: 3346
Merit: 1248
Bitcoin Casino Est. 2013
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October 11, 2015, 04:45:58 PM |
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It definitely isn't valid collateral, since the lender basically HAS to use it or else the one taking the loan will just use it themselves. Codes that can be used are easily redeemable and can't be used for great collateral
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