any one borrows with a 10 old facebook account as collateral?

[TheBarMan]

Hi, this is my first message and i want to know if some one can accept a facebook account with more than ten years and with more than 500 contacts as collateral.

Greetings.

[steven0021]

I don't know if there's a lender that will accept facebook account as collateral, but most lenders won't because accounts can be recovered easily and thus are not considered as valid collateral. You can find the list of valid collateral on the second post of this sticky

[TheBarMan]

I don't know if there's a lender that will accept facebook account as collateral, but most lenders won't because accounts can be recovered easily and thus are not considered as valid collateral. You can find the list of valid collateral on the second post of this sticky

ok, thanks a lot.

[bitkilo]

Do Facebook accounts even have any value, i know you said it is 10 years old but do people actually trade Facebook accounts?

I don't ever use Facebook and never have but what would the advantages of having an old account?

[wintermeasures]

Do Facebook accounts even have any value, i know you said it is 10 years old but do people actually trade Facebook accounts?

I don't ever use Facebook and never have but what would the advantages of having an old account?

I agree with you, because I think facebook account worthless to anyone else. and when it was up for sale who want to buy? hehe thank you

[TheBarMan]

Do Facebook accounts even have any value, i know you said it is 10 years old but do people actually trade Facebook accounts?

I don't ever use Facebook and never have but what would the advantages of having an old account?

I agree with you, because I think facebook account worthless to anyone else. and when it was up for sale who want to buy? hehe thank you

somebody told me that if the account is ten years old and in use, you can use it as collateral for two reasons:

1. The owner wants his account back
2. The contacs are useful for new bussines or some database (some people sales the info of others for publicity)

That was the reason that makes feel that maybe some one could take it as collateral.

but you nicely explain me the error...

; P

[Cxinbolen]

somebody told me that if the account is ten years old and in use, you can use it as collateral for two reasons:

1. The owner wants his account back
2. The contacs are useful for new bussines or some database (some people sales the info of others for publicity)

You should maybe go to that person who told you that and ask him for the loan instead of convincing us. After all, that person certainly does know the value of the Facebook account while we don't, right?

That was the reason that makes feel that maybe some one could take it as collateral.

but you nicely explain me the error...

; P

Okay, I'll try my best.

Collateral is something to be used to ensure that the borrower will pay back the loan, and is something that the lender values (or knows the value) enough to be able to happily use it as compensation in the event of a defaulted loan. Typically, it's based on the price of the collateral and if the lender can sell it easily enough to get his money (or, preferably, 120% of his money) back.

Your reasons are really just about that first requirement of collateral, which is that it's valuable to you. Don't think of it as why you would return the loan, think of it through the lender's POV. It's completely and utterly useless to us, and I bet someone could buy a 10 year old Facebook account off the Internet for pretty cheap if they valued one that highly.

Here is something you should read up on. It's relatively short, don't worry.

[TheBarMan]

somebody told me that if the account is ten years old and in use, you can use it as collateral for two reasons:

1. The owner wants his account back
2. The contacs are useful for new bussines or some database (some people sales the info of others for publicity)

You should maybe go to that person who told you that and ask him for the loan instead of convincing us. After all, that person certainly does know the value of the Facebook account while we don't, right?

That was the reason that makes feel that maybe some one could take it as collateral.

but you nicely explain me the error...

; P

Okay, I'll try my best.

Collateral is something to be used to ensure that the borrower will pay back the loan, and is something that the lender values (or knows the value) enough to be able to happily use it as compensation in the event of a defaulted loan. Typically, it's based on the price of the collateral and if the lender can sell it easily enough to get his money (or, preferably, 120% of his money) back.

Your reasons are really just about that first requirement of collateral, which is that it's valuable to you. Don't think of it as why you would return the loan, think of it through the lender's POV. It's completely and utterly useless to us, and I bet someone could buy a 10 year old Facebook account off the Internet for pretty cheap if they valued one that highly.

Here is something you should read up on. It's relatively short, don't worry.

i understand every thing, when you gave me the link to the instructions every thing was just clear as a crystal  ; P

just i was giving an explanation about the previous comment, thanks to all.. im learning a lot  ; PPP

[knightkon]

Face book accounts do not have any value to most people here.  There may be someone who has a use to hold such an account, but most people will not use this as collateral.

[TheBarMan]

Face book accounts do not have any value to most people here.  There may be someone who has a use to hold such an account, but most people will not use this as collateral.

yeah, as i told you before that was cleare as a crystal, so maybe is a good idea close this post, because i dont have any doubts about this.

Thanks to any one for the comments.

[codehtcmail]

Better offer an Altcoin as collateral, Facebook accounts and even Bitcointalk acounts don't have much value anymore.

[TheBarMan]

Better offer an Altcoin as collateral, Facebook accounts and even Bitcointalk acounts don't have much value anymore.

Wow!

Why Bitcointalk dont have much value any more???

i forget close the post and your comment really was a surprise to me.

Greetings

[Atomicat]

Better offer an Altcoin as collateral, Facebook accounts and even Bitcointalk acounts don't have much value anymore.

Wow!

Why Bitcointalk dont have much value any more???

i forget close the post and your comment really was a surprise to me.

Greetings

I think he means the value of bitcointalk accounts has reduced significantly unless it has a green trust.

[TheBarMan]

Better offer an Altcoin as collateral, Facebook accounts and even Bitcointalk acounts don't have much value anymore.

Wow!

Why Bitcointalk dont have much value any more???

i forget close the post and your comment really was a surprise to me.

Greetings

I think he means the value of bitcointalk accounts has reduced significantly unless it has a green trust.

and any body here has the red flag in a big consideration.

i was checking some forums and you really have to do anything here with a big carefully because if you run to fast maybe you gain a red flag.

lol


that is a really sad situation.