Need your suggestion, may start a BTC lending service

[ethereumhunter]

i think its not good idea to start lending service in here, no offend because we need to verify the person first, he is trust or not, although he is a trust member, have reputable, this is not guarantee that he can give the money back. like in page one i've read, if you want to lending your bitcoin, i think you can visit in btcjam or polo in lending section, you can always lending your bitcoin to traders and the risk is not big than you start your own lending service.

[1715379575]

1715379575

[DaddyMonsi]

I've been having some interest with lending BTC here on Bitcointalk.org, it's a very risky investment. I realize this already and have accounted for.

Having valid collateral is a must to reduce risk lending bitcoin.

Here's where I need an suggestion or opinion!...
There's always users requesting loans without collateral, what do yall think of this.

"If the Borrower requested a loan without collateral, they could have a Default trust/Trusted BTCTalk Forum User with excellent Reputation either Vouche/or Co-sign the loan agreement?"

I don't think DTs will allow themselves to be used as part of a loan in this forum. It's hard to reach that status and with just a loan that they Co sign that might ruin their reputation. However, you might also encounter a DT with an alt (not saying there is, just playing devils advocate) and the alt will be the one to borrow with the DT playing as the Co maker.

[BitcoinGirl.Club]

I guess a little competition will be good for the lending business, just wondering why you targeting the no collateral users though? Hope you not getting into it to farm reputation ?
Wishing you all the best.

[yueno]

What are the requirements in starting BTC lending service? Is there need a pot of money or just a income of your properties in btc world? Do you screw here to monitor you lending service or just you who monitor your lending service?