["Risky" Loan] borrower [marcotheminer]

[shasan]

I think marcotheminer is/will be a scammer. Need opinion from experts. The reason for thinking it:
1. He came back on bitcointalk after a long gap.
2. He was a lender and now he is a borrower.
3. He is trying to only take loan after came back. He is not contributing anything on this forum.
4. He was active lending service as well as borrowing (we told several times then he locked his lending service).
5. The first time he trying to take about 0.04/0.05BTC loan when failed tried to take small loan once repaid the small loan to bill gator received positive trust then again took a loan from Pamoldar, o.o4BTC and then again took loan 0.033BTC
6. Now he has two active loans and trying to take another loan 0.33BTC loan. Where all loans are non-collateral.
7. When a borrower took multiple loans without collateral are usually scammer.
8. According to Timelord2067:

   There is also an old suggestion marcotheminer u=147773 is an alt of balanghai u=143158

and

There was a suggestion that Accounts connected: Quickseller, marcotheminer
http://archive.is/fjdwR#selection-2601.0-3059.23

9. He asked loan from another person on the 6th march on PM archive.


Why I am  Posting:
1. As marcotheminer has positive feedback few people who do not know research may allow the loan which happened for the second loan. The previous lender did not give a 2nd loan because he knows the risk but new lender gave. Also the 2nd lender didn't give any neutral trust.
2. Trust can be changed for a different amount. For example, I may not scam for 0.05BTC but I may scam for.2BTC
3. I know "prevention is better than cure", so want to keep him away from taking the loan as want to stay him away from scams.
4. I have posted here as scam still not proved but I highly believe that it will be scammed.

Let me know if I am wrong.

[nutildah]

it is bizarre to me that he would be honest enough to put "risky" in the thread title, not sure why anybody would take him up on his offer. also 2 things to consider:

- 2double0 has an open loan with him (and another member)
- his activity is pretty spotty, went from managing campaigns to applying for them, giving loans to taking them

Not certain he's an outright scammer but even he knows its "risky" to do business with him, probably a red flag, lol.

[mirakal]

7. When a borrower took multiple loans without collateral are usually scammer.

No, BIG NO.
You the lender has the right to disapprove his loan application when in your own judgement he is not capable of paying the loan for some reason.
Outside crypto, I've known a lot of people who have multiple loans but they were able to pay it because they have the capability.

So my point is, you only call it a scammer once he failed to comply with the agreed terms in case you approved the loan.

[shasan]

So my point is, you only call it a scammer once he failed to comply with the agreed terms in case you approved the loan.

I am not calling scammer, but I am telling e may scam base on my above points. Not for this single point. Please read all point. and also this point indicates scamming which happen at least 80% time for point number seven.

[DireWolfM14]

Yeah, he strikes me as kind of shady, I wouldn't lend to him.  Ever since 2double0 made this loan request I've had my suspicions about marcotheminer.  

[TalkStar]

Honestly you can't call him a scammer on doubt basis but its true that his activities are kinda strange. when a lender suddenly become a borrower it creates so many question for all and its undeniable. But current lender who are working with him should be careful before doing any big deal IMO. 

[Findingnemo]

In the meanwhile time he was not active in this forum,anything may happened to him like he lost all his savings on bets or to the borrower who got never paid or whatever the reason maybe.For that calling him as a scammer is not appropriate until he did that.He is in need of money looks like because he only asked for loans on his recent posts.

I suggest you to not to give any loans for him until the already lend money gets repaid,because he might not be able to repay them in my guess.

[shasan]

In the meanwhile time he was not active in this forum,anything may happened to him like he lost all his savings on bets or to the borrower who got never paid or whatever the reason maybe.For that calling him as a scammer is not appropriate until he did that.He is in need of money looks like because he only asked for loans on his recent posts.

I suggest you to not to give any loans for him until the already lend money gets repaid,because he might not be able to repay them in my guess.

He is not posting anything except asking loan, which refers to something wrong too. His recent days passing only by asking loan. No legit user take loan such a way where the first small amount then increases the amount. If you can find out 100 people like this then you may find out at least 95% loan default.

[hacker1001101001]

Let me know if I am wrong.

You could be right OR could be wrong! 

It would only be cleared at the date of repayment of his previous loans.

Note: I would personally go with not funding the loan, as I don't find the reason of getting a 3rd loan legit. But it does not mean he is sure to default the loan.

Yeah, he strikes me as kind of shady, I wouldn't lend to him.  Ever since 2double0 made this loan request I've had my suspicions about marcotheminer.  

I don't know how can you label a person risky before he has done any shady work here you can just keep it to a probability.

I see this forum as a place to make friends and on they way if I can help someone, buy just trusting him once  I am happy with funding him a loan for checking his trustworthiness. I am looking forward for 2double0 to repay the loan before the decided date. Hope this step of mine in funding the loan makes the situation more cleared.

[shasan]

I don't know how can you label a person risky before he has done any shady work

Came back on the forum long after and then asking non-collateral loan is one of the shadiest work. Almost all the cases it caused scam. Eg: loan default, account trade or something else.

[Findingnemo]

In the meanwhile time he was not active in this forum,anything may happened to him like he lost all his savings on bets or to the borrower who got never paid or whatever the reason maybe.For that calling him as a scammer is not appropriate until he did that.He is in need of money looks like because he only asked for loans on his recent posts.

I suggest you to not to give any loans for him until the already lend money gets repaid,because he might not be able to repay them in my guess.

He is not posting anything except asking loan, which refers to something wrong too. His recent days passing only by asking loan. No legit user take loan such a way where the first small amount then increases the amount. If you can find out 100 people like this then you may find out at least 95% loan default.

After looking at the post history and password change lot,the account might changed hands on 2018 or in Feb 2019,so as you said this may be an act of big scam attempt but tagging an user based on suspicious is not a right way.

Might need more suggestions from other DT members.

[shasan]

After looking at the post history and password change lot,the account might changed hands on 2018 or in Feb 2019,so as you said this may be an act of big scam attempt but tagging an user based on suspicious is not a right way.

Might need more suggestions from other DT members.

Anything might happen which we don't know but we may guess. Check the sent feedback by VOD then you will get clear understand how s/he thinks the borrower might be a scammer or default a loan.

[Quickseller]

I am not marco. I am not sure why timeloard thinks I am him, although I would not be surprised if he posted it somewhere and the logic is convoluted.

The multiple loans will not automatically make him a scammer, although the multiple loans taken over a short period is suspicious.

In the past, marco has had a lot of sockpuppets, including one of which allegedly took out a private loan from him. I am unsure if this account is still one of his sockpuppets, although my intuition says it is.

Prior to last month, I was not aware of him engaging in any kind of fake trades with his sockpuppets, although I do know he was engaged in trust farming, including asking people on DT for positive trust.

IIRC, in the past, he was entrusted with ~50BTC to run a signature campaign (worth ~$20k at the time), and to my knowledge he paid out appropriately, and returned excess funds when the campaign closed, although it is possible he accepted people who shouldn't have been accepted, and/or paid for posts that maybe shouldn't have been paid, and/or something similar in exchange for a portion of the improper payment. 

[shasan]

although I would not be surprised if he posted it somewhere and the logic is convoluted.

I have found it on https://bitcointalk.org/index.php?action=trust;u=147773 (trust page of marcotheminer.) you may have a look from there.

IIRC, in the past, he was entrusted with ~50BTC to run a signature campaign (worth ~$20k at the time), and to my knowledge he paid out appropriately

There is a long gap and earlier he was a lender but now he is a borrower also then how was a manager but a few days ago I saw he tried to join on a campaign where he has not been accepted. So totally opposite from earlier, in the meantime, anything can happen.

[Quickseller]

although I would not be surprised if he posted it somewhere and the logic is convoluted.

I have found it on https://bitcointalk.org/index.php?action=trust;u=147773 (trust page of marcotheminer.) you may have a look from there.

It looks like it stems from this, which looks like for some reason keybase was saying a PGP message that I signed was signed by marco. It appears that marco might have deleted his keybase account, however based on what I posted at the time, the "proof" keybase had for the PGP key associated with marco's key was not signed by my key.

IIRC, in the past, he was entrusted with ~50BTC to run a signature campaign (worth ~$20k at the time), and to my knowledge he paid out appropriately

There is a long gap and earlier he was a lender but now he is a borrower also then how was a manager but a few days ago I saw he tried to join on a campaign where he has not been accepted. So totally opposite from earlier, in the meantime, anything can happen.

It is possible his financial situation has changed from when he was managing the coinsbank(?) signature campaign, and may be willing to scam for $500 today when he was unwilling to scam for $20k years ago if he is now desperate for money. It is also possible, he is trying to engage in many trades so he can gain additional reputation, so he can have additional business opportunities, such as managing campaigns. It is also possible he had a series of unexpected expenses that came up, and has income he will be receiving in the near future.

[shasan]

It is possible his financial situation has changed from when he was managing the coinsbank(?) signature campaign, and may be willing to scam for $500 today when he was unwilling to scam for $20k years ago if he is now desperate for money. It is also possible, he is trying to engage in many trades so he can gain additional reputation, so he can have additional business opportunities, such as managing campaigns.

On that time the managing or getting campaign/bounty and current time I do not think the same also I think marco also think the same. Also, I do not think comparing with that time with the current time is the same. That time people traded account without any problem now it will be tagged immediately. Then the earning amount of a bounty hunter is more than a bounty manager/campaign manager now. So, forget the previous reputation. Try to understand its recent reputation and behavior.

[mirakal]

So my point is, you only call it a scammer once he failed to comply with the agreed terms in case you approved the loan.

I am not calling scammer, but I am telling e he may scam base on my above points. Not for this single point. Please read all point. and also this point indicates scamming which happen at least 80% time for point number seven.

Well maybe I'm just talking in a general point of view but the way you started your entire posts goes like this

I think marcotheminer is/will be a scammer.

That clearly means to me that you are judging him already and I think there's no need to ask for other's opinion on this matter.
I'm sure you'll dissaprove his loan request the moment he will apply a loan on you.


Okay, so if I'm in your shoes, I would disapprove his loan because of his shady behavior that cause him a negative trust, it's very risky considering he is asking for a loan without a collateral. And remember this, every lender has their own judgement, so just follow what you think is right.

[Quickseller]

It looks like the issue of me possibly being the same as marco was cleared up here in a GitHub issue for keybase.

According to one of what I believe to be devs of keybase, marco was one of the "alpha" users of keybase, and never proved ownership of the PGP key in his keybase profile (mine). It looks like he input my public key as being his, and never verified it (because he doesn't have the private key) -- note at the time, I was one of the most trusted people here. According to the dev, this was a bug in the keybase software and a fix was made in Early 2017, when this was reported.

[Roman1974]

Shasan i gave him neutral now,sorry didnt do before, as its my first time here lending, and didnt know its good for help community

[shasan]

That clearly means to me that you are judging him already and I think there's no need to ask for other's opinion on this matter.
I'm sure you'll dissaprove his loan request the moment he will apply a loan on you.

His trust level to me is/was up to 0.03BTC. And you are right I would not or will not approve too much. Few days ago he took 0.02BTC loan from another lender and then asked me for another 0.02BTC then I had not approved that.  And also I never allow any loan if there is any active non-collateral loan. I have faced a few problems (loan defaulted) where I sent earlier then another lender gave more. Result: Loan default and I lose my fund with the new lender.

didnt know its good for help community

It must be helpful for the community. For example, I can trust you to lend 0.05BTC but I will not trust you 0.1BTC. In this case, if I see you got already 0.05BTC loan then I will not give any loan to you.