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Author Topic: Lending money = DT Trust?  (Read 589 times)
sumangs (OP)
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May 10, 2019, 01:30:05 PM
 #1

I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?
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May 10, 2019, 01:31:33 PM
 #2

I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?

Yes. No. Depends.

If people realize that you do things only to gain trust, you might get a negative one instead.

Trust farming is against the rules.

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May 10, 2019, 01:35:34 PM
 #3

I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?

Yes. No. Depends.

If people realize that you do things only to gain trust, you might get a negative one instead.

Trust farming is against the rules.

It is not farming if the trust they gave is unsolicited.
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May 10, 2019, 01:36:18 PM
Merited by mindrust (1), marlboroza (1)
 #4

I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?

Well if you do deals with certain people on DT then you might get it from them after the successful trade, but it's usually seen as pretty shady doing this and I certainly don't trust people who do it and if you're lending money just for the sake of getting trusted feedback then this is more likely to get you negative trust than anything else. Why do you even want dt trust? Be a trusted and active member and earn your trust over time, but this isn't the way to go about it. Trying to find a quick way to become trusted by pointlessly lending money is the opposite of being trusted if anything.  

I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?

Yes. No. Depends.

If people realize that you do things only to gain trust, you might get a negative one instead.

Trust farming is against the rules.

It is not farming if the trust they gave is unsolicited.

But you're looking for DT people to do trades with so it's pretty manipulative regardless of whether you ask them to leave you feedback or not. People put far too much trust in the feedback system. Someone could have hundreds of positive green trust but if they're all for lending small amounts then it counts for very little.

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May 10, 2019, 01:46:29 PM
Merited by Patatas (5)
 #5

The lending section is very often used to farm trust, just look at zazarb. The answer is: very likely.

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May 10, 2019, 01:50:40 PM
Merited by marlboroza (1)
 #6

I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?

You can get positive trust for any successful deal, particularly where the counterparty risked some money with you, which in turn requires trust so it's a bit of a chicken and egg problem.

It's unclear if you actually mean lending or borrowing money. Lending typically doesn't require the borrower to risk money so if I was borrowing I wouldn't be posting positive trust for the lender. And the way you're posing the question makes it sound like trust farming as the others already mentioned... don't do that. Don't trade just because you want trust. Trade if you need the thing/service/etc being traded.
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May 10, 2019, 02:08:50 PM
 #7

After the new default trust system implemented more people can get the chances of getting into DT level so they also can use it for trust farming.

I am also came into various profiles which got positive trusts for paying the loans on time even though the loan amount is very negligible.We can restrict the trust farming if we have clear guideline from theymos for giving trust ratings.

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May 10, 2019, 02:21:04 PM
Merited by marlboroza (1)
 #8

I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?
Its more complicated than that. Lenders need to understand the complexity of the trust system before just handing out trust like a hoe-spawner, especially with the new changes in the trust system.

I'd understand if you give out trust rating for dealings more than 500-1000$, but anything below that shouldn't really ask for a positive trust. Obviously this won't be the only factor, the behavior of a user comes into account as well, and that should matter the most when it comes to handling trust. The person's maturity, and attitude should play a role when giving out trust, based on the post history of the user in question.

TL;DR: @DT members: Don't give trust stupidly. Just because someone pays a loan back, it doesn't make them trustworthy.

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May 10, 2019, 02:36:28 PM
 #9

Do DT1 members need to borrow money?

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May 10, 2019, 03:09:02 PM
 #10

Do DT1 members need to borrow money?
I can think of a scenario, but haven't bothered to prepare for it.
However, if I ever need to, I don't think I'll leave green trust for it, because without collateral, the other party has to trust me, while I'm not risking anything.

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May 10, 2019, 03:12:03 PM
 #11

Do DT1 members need to borrow money?

Trusted feedback can be from DT2 member also. In reality by just seeing the feedback you cannot say it is from DT1 or DT2.

I was wondering if I start lending money and once all have finished smoothly, it means that I could get a positive trust easily?

Malicious intent are very hard to hide. Once your intent is known to public then it will backfire.

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May 10, 2019, 03:43:27 PM
Merited by marlboroza (1)
 #12

If people realize that you do things only to gain trust, you might get a negative one instead.
Yup.  I don't lend money, but I do some business in the Currency Exchange section here and there, and I always put in the disclaimer that whatever deal I'm looking to do will be worth neutral feedback at best, assuming things go right.  I don't want newbies and whoever else flocking to my thread thinking they're going to be getting green trust out of me for a deal that's probably worth $100 or less.

DT members really should be very conservative as far as handing out positives, but every member is different and has different standards.  I'm concerned about the huge amount of new DT2 members and how they're going to give out positives.  That could end up being a gigantic mess.

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May 10, 2019, 03:48:23 PM
 #13

it means that I could get a positive trust easily?

Trust farming? no buddy - if that is your game you are shit out of luck

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May 10, 2019, 03:59:39 PM
 #14

it means that I could get a positive trust easily?

Trust farming?
But it is happening,you can visit the lending section and digital goods section where people buying things or take loans just to get positive trusts.


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May 10, 2019, 04:01:07 PM
 #15

it means that I could get a positive trust easily?

Trust farming?
But it is happening,you can visit the lending section and digital goods section where people buying things or take loans just to get positive trusts.

From which DT members?

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May 10, 2019, 04:44:40 PM
 #16

it means that I could get a positive trust easily?

Trust farming?
But it is happening,you can visit the lending section and digital goods section where people buying things or take loans just to get positive trusts.

From which DT members?
As far as I know, DarkStar is one of such lenders who leaves positive feedback for loans of small amounts such as 0.12 BTC. You can check their trust-list here: https://bitcointalk.org/index.php?action=trust;u=507936 I'm not against it or anything but simply shows how the lending system can be used to farm trust.

Do DT1 members need to borrow money?
It's not a "need" but anybody can have a situation. Using being on a DT as a reason to get a high-value no-collateral loan is, however, a red flag.
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May 10, 2019, 05:02:47 PM
Merited by bones261 (2), LoyceV (1), marlboroza (1), Steamtyme (1)
 #17

You cant put dollar values on what is considered worth leaving a trust rating. The average daily salary where I live is about $5. If you make $20 a day you're basically killing it. Sure, you can shit on people for being poor if you want but that doesn't change the fact that a dollar goes a lot farther in some places than others. Therefore, people have different standards for what is considered to be a lot of money and just because it's not significant to you doesn't mean it's not significant to billions of other people.

You can't limit trust farming to just one or two subsections - why not expand it to everything that falls under the marketplace section? Ultimately deciding whether or not somebody is trustworthy is somewhat subjective, just like it is for deciding somebody is untrustworthy.

People need to use their best judgment instead of relying upon "standards" suggested by some but that don't actually exist. And then people will be judged on their judgment, which I think is fair and pretty much mirrors the system we already have in place.

But addressing what OP is asking: yeah you shouldn't be involved in trading or lending specifically for gaining trust. That's lame.

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Findingnemo
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Bitcoin = Financial freedom


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May 10, 2019, 05:04:13 PM
 #18

it means that I could get a positive trust easily?

Trust farming?
But it is happening,you can visit the lending section and digital goods section where people buying things or take loans just to get positive trusts.

From which DT members?
Don't want to point out any individuals,you can find some threads on lending section by DT members who almost leave positive for most of their completed deals.

Even Hhampuz once pointed out this issue from collectibles section where people voluntarily asking for positive trust once trade done.

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BitcoinGirl.Club
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May 10, 2019, 05:20:04 PM
 #19

Do DT1 members need to borrow money?
You are saying all who are in DT1 are filthy rich? 😜

I think it depends on someone's financial status.

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May 10, 2019, 06:20:01 PM
 #20

Do DT1 members need to borrow money?
You are saying all who are in DT1 are filthy rich? 😜

I think it depends on someone's financial status.

     I certainly wish that were the case. However, I only risked what I thought that I could afford into BTC (which was a really puny amount), and made some poor choices on shit coins. So I am not rich. Too late to go back to late 2014 & 2015 to go balls deep. Also too late to go back in time and go balls deep in 2009 through 2011.  Cheesy
     However, with the rates people usually charge for a BTC loan, I haven't personally taken a BTC loan. Also, I have never run out of BTC, so there is no need on my part.
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