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Author Topic: BTC loan needed: Collateral provided  (Read 66 times)
SkyerYT
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May 05, 2018, 05:42:15 PM
 #1

Loan Amount: 0.014 BTC
Repayment amount: 0.018 BTC
Repayment date: May 20, 2018 or earlier
Collateral: https://www.youtube.com/channel/UCUtBsrsj-afnwoehjIkWQlQ
BTC Address: 3CbRpF36j6QPsLvZc96TDo6W42QtujjeUC
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ferall
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May 05, 2018, 06:09:33 PM
 #2

That’s not valid collateral.

Try reading the rules.
SkyerYT
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May 05, 2018, 06:25:37 PM
 #3

That’s not valid collateral.

Try reading the rules.
I checked it but didn't find anything about what I am doing is not valid.
Can you quote it to me?
TheUltraElite
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May 05, 2018, 06:51:15 PM
 #4

I checked it but didn't find anything about what I am doing is not valid.
Just to make it simple for you valid collateral is top altcoins 120-150% of the loan value to be secured by an escrow and returned in full on repayment or sold off in case of default.

Social media accounts are not considered as valid collateral.
Quote
Can you quote it to me?
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jackg
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May 05, 2018, 08:20:04 PM
 #5

Are you hoping for this and this to be filled at the same time or did you realise your error? Also, where's the extra 0.001BTC coming from?

If you're interested, here's why your youtube channel isn't valid collateral:
Your YouTube channel isn't collateral.

You can reposes that easily with either:
1. Your old password
2. Your phone number
3. Your recovery email

So it's a fairly useless form of collateral as it's so easy for you to get it back.

Do you really have nothing better to offer (I mean 0.015BTC is a lot of money to lend to an anonymous stranger) - especially given your trust.

Are you hoping to get both of your requests filled also - simultaneously, and why do you want an extra 0.001BTC from this one?

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