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solareclipse64236 (OP)
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November 03, 2012, 08:47:29 PM |
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Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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kokjo
Legendary
 Offline
Activity: 1050
Merit: 1000
You are WRONG!
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November 03, 2012, 08:51:29 PM |
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why?
i got a loan, only on my postcount... whats your problem?
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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
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November 03, 2012, 08:55:50 PM
Last edit: November 03, 2012, 09:35:39 PM by DeathAndTaxes |
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Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral. Most of the loans offered or accepted here are usarous. You can't have a legally binding illegal contract.  Likewise credit ratings, telephone #, and other banking info is useless when attempting to enforce an illegal contract. Collateral is only collateral if you have legal right to collect it in a default which you won't if the contract is deemed illegal to begin with. The sad irony is that there is no federal Usary limit in the United States, only state limits (which vary from ~6% to 25% annually). Almost all banks in the US are federally chartered and thus immune to state limits on Usury. With no federally Usury limits a bank could offer a 3000% APR credit card but an individual lender (without a federal banking charter) can't. |
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Vod
Legendary
Offline
Activity: 3696
Merit: 3070
Licking my boob since 1970
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November 03, 2012, 09:02:13 PM |
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why?
i got a loan, only on my postcount... whats your problem?
Most of his posts sound something like this.  I'll do whatever I want retard
What kind of lame ass paraplegic moronic fucktard couldn't handle excessive thread posts or private messages? Probably a gay hooker named Laredo
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https://nastyscam.com - landing page up https://vod.fan - advanced image hosting - coming soon! OGNasty has early onset dementia; keep this in mind when discussing his past actions.
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BurtW
Legendary
Offline
Activity: 2646
Merit: 1131
All paid signature campaigns should be banned.
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November 03, 2012, 09:37:59 PM |
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Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral.
Maybe I can try to help you make some sense of this: 1) I lend based on only one criteria really, whether I think the person will pay me back. Now I have a lot of things that go into that decision for example post count, quality of posts, etc. 2) Having a person's info means next to nothing if they do not pay you back. I live in Colorado. I lent 15 BTC to some asshole named bcjunkie. Here is his profile: https://bitcointalk.org/index.php?action=profile;u=54204I have his address (Kentucky), a copy of his drivers license, etc. I even have his picture. I will give it to you and you can have whatever you collect. Deal? You will find that is is almost impossible to collect a debt in another state and not worth doing if it is a small amount like 15 BTC. |
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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solareclipse64236 (OP)
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November 03, 2012, 09:58:50 PM |
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if that's your only criteria then i agree you won't be able to take it to small claims court
also, if this is a place where people can't swear in, then it won't be around for long troll
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solareclipse64236 (OP)
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November 03, 2012, 10:01:47 PM |
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Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral. Most of the loans offered or accepted here are usarous. You can't have a legally binding illegal contract. Likewise credit ratings, telephone #, and other banking info is useless when attempting to enforce an illegal contract. Collateral is only collateral if you have legal right to collect it in a default which you won't if the contract is deemed illegal to begin with. The sad irony is that there is no federal Usary limit in the United States, only state limits (which vary from ~6% to 25% annually). Almost all banks in the US are federally chartered and thus immune to state limits on Usury. With no federally Usury limits a bank could offer a 3000% APR credit card but an individual lender (without a federal banking charter) can't. most of the rates stated here are cheap, not usarous most credit cards charge 19 to 28.8 percent per annum my last loan was 5 btc, paid back as 7 btc(or equivalent at the then current rate), so that's 40% on top |
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Vod
Legendary
Offline
Activity: 3696
Merit: 3070
Licking my boob since 1970
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November 03, 2012, 10:32:31 PM |
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if that's your only criteria then i agree you won't be able to take it to small claims court
also, if this is a place where people can't swear in, then it won't be around for long troll
Oh, people can swear, but I wouldn't lend anything to someone so immature. |
https://nastyscam.com - landing page up https://vod.fan - advanced image hosting - coming soon! OGNasty has early onset dementia; keep this in mind when discussing his past actions.
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MPOE-PR
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November 04, 2012, 12:21:22 PM |
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It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral.
To do what with? Burn in effigy? |
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Tittiez
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November 04, 2012, 05:44:58 PM |
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Why? I've gotten loans from multiple people (BurtW, abbeytim, eroxors) without any identifying information. I've paid them all back early or on time.
The only person who wouldn't loan to me without identity was senbonzakura, but to give him credit it was smart to ask first because if I recall I only just became a Full Member and I had little reputation.
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DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
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November 04, 2012, 06:38:55 PM |
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Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral. Most of the loans offered or accepted here are usarous. You can't have a legally binding illegal contract. Likewise credit ratings, telephone #, and other banking info is useless when attempting to enforce an illegal contract. Collateral is only collateral if you have legal right to collect it in a default which you won't if the contract is deemed illegal to begin with. The sad irony is that there is no federal Usary limit in the United States, only state limits (which vary from ~6% to 25% annually). Almost all banks in the US are federally chartered and thus immune to state limits on Usury. With no federally Usury limits a bank could offer a 3000% APR credit card but an individual lender (without a federal banking charter) can't. most of the rates stated here are cheap, not usarous most credit cards charge 19 to 28.8 percent per annum my last loan was 5 btc, paid back as 7 btc(or equivalent at the then current rate), so that's 40% on top Your own rate just contradicted your claim that most loans here are "cheap". 40% would be above the usary rate in every single state and I am assuming your loan was for 1 month? if so then it wasn't 40% APR (already usurious) but more like 5,669% APR. Had you decided to not repay the loan there is no legal collection you could persue. Collecting all the info and signing all those illegal contracts would be useless unless your lender was willing to engage in some mob style collection procedures. TL/DR. Anything above the usary limit (on an annualized basis) for the state the borrower resides in can't have a legal contract. An illegal contract isn't worth a whole lot. |
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solareclipse64236 (OP)
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November 04, 2012, 09:05:41 PM |
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if that's your only criteria then i agree you won't be able to take it to small claims court
also, if this is a place where people can't swear in, then it won't be around for long troll
Oh, people can swear, but I wouldn't lend anything to someone so immature. then shut the fuck up and keep your money then troll |
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solareclipse64236 (OP)
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November 04, 2012, 09:07:35 PM |
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It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral.
To do what with? Burn in effigy? LAUGH MY FUCKING ASS OFF If people can't be taken to court, or I can't harass people by having their credit ratings lowered then this is all moot |
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solareclipse64236 (OP)
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November 04, 2012, 09:09:44 PM |
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Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral. Most of the loans offered or accepted here are usarous. You can't have a legally binding illegal contract. Likewise credit ratings, telephone #, and other banking info is useless when attempting to enforce an illegal contract. Collateral is only collateral if you have legal right to collect it in a default which you won't if the contract is deemed illegal to begin with. The sad irony is that there is no federal Usary limit in the United States, only state limits (which vary from ~6% to 25% annually). Almost all banks in the US are federally chartered and thus immune to state limits on Usury. With no federally Usury limits a bank could offer a 3000% APR credit card but an individual lender (without a federal banking charter) can't. most of the rates stated here are cheap, not usarous most credit cards charge 19 to 28.8 percent per annum my last loan was 5 btc, paid back as 7 btc(or equivalent at the then current rate), so that's 40% on top Your own rate just contradicted your claim that most loans here are "cheap". 40% would be above the usary rate in every single state and I am assuming your loan was for 1 month? if so then it wasn't 40% APR (already usurious) but more like 5,669% APR. Had you decided to not repay the loan there is no legal collection you could persue. Collecting all the info and signing all those illegal contracts would be useless unless your lender was willing to engage in some mob style collection procedures. TL/DR. Anything above the usary limit (on an annualized basis) for the state the borrower resides in can't have a legal contract. An illegal contract isn't worth a whole lot. lol you should have first stated which country you're from i'm certainly not american so i thought you meant usarous as excessive |
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btcANGEL
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November 04, 2012, 10:15:02 PM |
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Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral. Most of the loans offered or accepted here are usarous. You can't have a legally binding illegal contract. Likewise credit ratings, telephone #, and other banking info is useless when attempting to enforce an illegal contract. Collateral is only collateral if you have legal right to collect it in a default which you won't if the contract is deemed illegal to begin with. The sad irony is that there is no federal Usary limit in the United States, only state limits (which vary from ~6% to 25% annually). Almost all banks in the US are federally chartered and thus immune to state limits on Usury. With no federally Usury limits a bank could offer a 3000% APR credit card but an individual lender (without a federal banking charter) can't. most of the rates stated here are cheap, not usarous most credit cards charge 19 to 28.8 percent per annum my last loan was 5 btc, paid back as 7 btc(or equivalent at the then current rate), so that's 40% on top Your own rate just contradicted your claim that most loans here are "cheap". 40% would be above the usary rate in every single state and I am assuming your loan was for 1 month? if so then it wasn't 40% APR (already usurious) but more like 5,669% APR. Had you decided to not repay the loan there is no legal collection you could persue. Collecting all the info and signing all those illegal contracts would be useless unless your lender was willing to engage in some mob style collection procedures. TL/DR. Anything above the usary limit (on an annualized basis) for the state the borrower resides in can't have a legal contract. An illegal contract isn't worth a whole lot. lol you should have first stated which country you're from i'm certainly not american so i thought you meant usarous as excessive You certainly type like a graduate of the American public educational system. |
Soon you will be dancing face-to-face / With the limits of ambition and the scars of the marketplace / Welcome to the land of flame and fizz / Where you will learn that packaging is all that heaven is
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BCB
CTG
VIP
Legendary
Offline
Activity: 1078
Merit: 1002
BCJ
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November 04, 2012, 10:24:09 PM |
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Please note that when you're lending money, it's never really about how long a person has been here for or how many posts that person has made.
It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral.
Maybe I can try to help you make some sense of this: 1) I lend based on only one criteria really, whether I think the person will pay me back. Now I have a lot of things that go into that decision for example post count, quality of posts, etc. 2) Having a person's info means next to nothing if they do not pay you back. I live in Colorado. I lent 15 BTC to some asshole named bcjunkie. Here is his profile: https://bitcointalk.org/index.php?action=profile;u=54204I have his address (Kentucky), a copy of his drivers license, etc. I even have his picture. I will give it to you and you can have whatever you collect. Deal? You will find that is is almost impossible to collect a debt in another state and not worth doing if it is a small amount like 15 BTC. BertW Not true. Send me the info. Thanks |
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BurtW
Legendary
Offline
Activity: 2646
Merit: 1131
All paid signature campaigns should be banned.
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November 04, 2012, 11:06:41 PM |
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BurtW
Not true. Send me the info. Thanks
I will dig up the info and send it to you and you can have at it. |
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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BlackHeartFund
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November 05, 2012, 09:08:50 AM |
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You certainly type like a graduate of the American public educational system.
Thanks for making me laugh while reading a sad thread. |
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MPOE-PR
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November 07, 2012, 11:11:02 AM |
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It's about having that person's real name, at least two pieces of government issued photo ID, address, telephone number, bank information, credit rating, a promisory note, a legally binding contract, a co-signer or some collateral.
To do what with? Burn in effigy? LAUGH MY FUCKING ASS OFF If people can't be taken to court, or I can't harass people by having their credit ratings lowered then this is all moot See here. |
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