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Acceptable Collateral
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Topic: Acceptable Collateral (Read 1917 times)
Dobmader
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Re: Acceptable Collateral
February 06, 2016, 03:17:23 PM
#21
Quote from: RodeoX on January 11, 2016, 08:08:54 PM
Scale also matters. If you wanted thousands of dollars worth of BTC then I would want to hold your car title. Tens of thousands might require the deed to your house. If it were $10, then a netflix account might do. And for what it's worth there aren't enough alt-coins in the world to get me to part with a BTC.
Ethereum has great future. It has strong development and is a platform for many things. It could rival bitcoin in the future.
adicted
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Re: Acceptable Collateral
February 06, 2016, 07:41:20 PM
#22
Just like everyone says, I might agree that altcoins will be the best collateral to ask if you are planning to lend here as it was easy to liquidate if every the borrower defaults. Bitcointalk accounts were also considered coz of the demand of it. On the other hand domains are also accepted as a collateral. I also some lender that accept bitgold , if you are into it then you might also consider it.
The Sceptical Chymist
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Re: Acceptable Collateral
February 06, 2016, 07:54:51 PM
#23
Bct accounts are shitty collateral and lead to account sales which is also shitty. And people with high-ranking accounts often don't want to use them as collateral. So it just doesn't work out well at all.
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Tacalt
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Re: Acceptable Collateral
February 06, 2016, 11:23:44 PM
#24
Quote from: The Pharmacist on February 06, 2016, 07:54:51 PM
Bct accounts are shitty collateral and lead to account sales which is also shitty. And people with high-ranking accounts often don't want to use them as collateral. So it just doesn't work out well at all.
When the bitcointalk account can be used a collateral, it gives its value. This will increase the value of the forum as a whole.
HeroCat
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Re: Acceptable Collateral
February 09, 2016, 03:52:24 PM
#25
Only altcoins, but not all. Only most popular ones can be acceptable collateral.
Tacalt
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Re: Acceptable Collateral
February 12, 2016, 11:23:35 AM
#26
Quote from: HeroCat on February 09, 2016, 03:52:24 PM
Only altcoins, but not all. Only most popular ones can be acceptable collateral.
Does it mean the Escrow has to have wallets for several coins. It is not very convenient. It need quite a large computer.
ctlaltdefeat
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Re: Acceptable Collateral
February 12, 2016, 05:18:57 PM
#27
Quote from: wolfsoprano on December 07, 2015, 09:55:02 PM
Hello,
New user to the site, and have traded on other exchanges. Curious to know what are acceptable forms of collateral for lending out bitcoins. (I would lend the bitcoins)
you must be collect some trust,try to trade small amount of bitcoin with people,and make sure you have to consistence trade with people,and your trust will raise.
romero121
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Re: Acceptable Collateral
February 13, 2016, 05:41:33 AM
#28
Any long term investment agreement or gold investments can be considered as collateral. If it does't seems to be good, can go for automobile registration paper.
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pooya87
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Re: Acceptable Collateral
February 13, 2016, 06:42:44 AM
#29
Quote from: Tacalt on February 12, 2016, 11:23:35 AM
Quote from: HeroCat on February 09, 2016, 03:52:24 PM
Only altcoins, but not all. Only most popular ones can be acceptable collateral.
Does it mean the Escrow has to have wallets for several coins. It is not very convenient. It need quite a large computer.
some escrows like many of other cryptocurrency users support other altcoins too. for example litecoin is a popular one which many of us use, so they have a litecoin wallet at hand in the first place.
besides there is always other ways to create a crypto address and not have a full node wallet running. in the case of litecoin there is a litecoin Electrum version available which is similar to bitcoin electrum (an SPV wallet).
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