I know most people here are tech guys,
One very important thing to consider when dealing with bitcoin as an investment (which is what you are doing, as you are even lending it) is to really understand its potential performance in your portfolio and the risks involved.
An asset like bitcoin which may increase its 10-20% per day has enough volatility by itself. You don´t really need to lend it for 5% interest rate a year (which is almost negligible compared to nearly 300% gains, only this year). Lending also increases your risk exponentially.
If you want fixed interest rates, you should buy bonds. Exchange your bitcoin to your local fiat and get your 1-5% per year (depending to your country). Bonds are highly regulated and nobody is going to run away with your money (possible but highly unlikely).
Bitcoin lacks regulations, so anyone can runaway with your money and you can't do anything. Authorities probably can't help you, as your coins are probably in a company in another continent.
Lending is simple not worth the risk.
You do make good points here. Tech guy definitely doesn't describe me all to well. I would say 95% of what I've learned or sone with computers has been due to getting involved in BTC, and choosing to mine. I still have tons to learn, and am trying to find time to dedicate to getting better. That or I might start getting the "OK Boomer" from my daughter in a few years
I actually got into lending as a way to try and make BTC work for me in it's form without selling it and then converting. So far it's been a mixed bag, and probably not something I will continue to do in the future. -This Scam not part of that consideration. I also like to spend BTC when I can for purchases that would otherwise be done through PP or something like that. With a percentage saved always, as I do want to benefit from price increases in the future. I'm not yet convinced that it's sole purpose moving forward should be a store of value, I would hope that it could be a means to large scale purchases not needing to be completed within seconds or minutes, with other coins or systems designed for quick everyday purchases - A crypto commerce ecosystem.
You aren't wrong about the risks though, as 1 bad deal on lending can result in wiping out profits from 100's of deals depending on the interest rates you work with.
A very good post. Not always easy to say publicly "I fucked up"... Hopefully will serve as a warning to others and who knows... it might just save one person from being a victim!
Also, just FYI, the "Developer Mode" setting is in a slightly different location on Android and iOS versions of Discord... Android it is in "User Settings -> App Settings ->
Behaviour" and on iOS it is "User Settings -> Appearance -> Advanced".
Refer here:
https://support.discordapp.com/hc/en-us/articles/206346498-Where-can-I-find-my-User-Server-Message-ID-That article also explains how to find "Server" and "Message" IDs. I could see the "Server ID" being useful to avoid being invited onto "fake" servers.
I added a link to your post in the OP. A similar article was how I figured out where to look for User ID's, obviously to late. I should have though to link it in, glad you thought of it. It's a must if you want to report someone on Discord for any reason so it's funny they tuck this info away in the first place.
Nice thread every bit of information out there helps.
I only sending money on Telegram et al. unless I'm 100% sure the person is trustworthy and 100% not an impersonator or hacked account.
It's funny because I had been contacted through telegram once and put the person to task to prove their identity, and it was who they said they were. In that case they were not a person I had met IRL, so that's where my guard dropped. Obviously this person wasn't someone I had met IRL, but did just enough to fool me, and had I done a few extra simple steps on my part this would have been avoided. Live and learn, help others learn at the same time.
