mocacinno
Legendary
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Activity: 3514
Merit: 5123
https://merel.mobi => buy facemasks with BTC/LTC
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January 12, 2016, 08:50:28 AM |
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To answer your question:
Q)how does a loan with the account as collateral works A)you give your username/password to either the lender, or a trusted thirth party (escrow). If you pay back the loan, you get your account back. If you fail to pay back, your account is usually sold. Your account needs to be worth at least 120% of the loaned amount + intrest.
Q)if i apply for a loan, and use my account on bitcointalk as collateral, how can i contact the lender A)you guessed correctly, you just make a new account, and let the lender know about this account before closing the deal.
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