We already had a scammer (Hydroponica) use his employment as security for a loan. Guess what? He still defaulted.
Well, moot point now, with 10min left and myself the only major buy-in- but I am pretty damned sure Tony and Stephen would tell me to hit the bricks if I did *anything* to paint the company in a negative light. I feel very lucky to have landed a job at Bitpay and have been working quite hard for them.
I don't know the story on Hydroponica. But I would have to be a massive idiot to jeopardize my employment on a loan that only represents about one month of gross income. As mentioned in the loan listing, Bitpay pays part of my salary in BTC- talk about killing the goose...
The idea behind crowdfunding this purchase was to distribute the output of at least one ASIC miner, because it bugs me a little bit how much mining power has been concentrated in the hands of relatively few.
Suggestions on what I can do to increase confidence in the meantime?
Ideas:
- I own two motorcycles worth more than the requested loan amount. Could use them as collateral.
- I've never been very active on the forums; I will change that. (I wish I'd had enough liquid BTC to buy that Ducati that was FS a few weeks ago.)
- I'll try a smaller loan amount next time; going from 1BTC to 30 probably did play a hand in scaring people off; I thought putting in ~4.5BTC of my own would alleviate those concerns but appears not.
You're not wrong to be suspicious- I got taken for .25BTC from a bad borrower on BTCjam myself.
But I left this thread open for any questions anyone wanted to ask- asking the kind of questions that represent vetting a borrower would be more appropriate than just saying "this one guy was a scammer so you are too".
