63$ Loan defaulted by [Rohan Kotkar]

[petulino]

The technique of buying an account to scam is nothing new, but I doubt this account was sold because there's no email or password change according to BPIP.

Maybe seller are trusted or any closed relationships so that buyer did not changed password. anyway we cannot say with 100% surety without any proof.

 

What did you mean about reputed member collateral? it's you ask an account as the collateral or you asking an escrow?

Actually i mean from collateral Guranatee of any most active and reputed member of local board. most of the time local users know the nature of each one and can give guarantee (if he failed to pay, i will pay)

[1714603527]

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[DireWolfM14]

I barely ventured to the Lending section so I might be wrong, but IIRC, there are instances in the past where members with high  reputation --or even "moderate" ones like your example-- used their account as means of collateral, it's like saying, "my Hero rank speak for itself, I will repay the loan or anyone can bombard the account with negative trust." So yeah, unless my memory served me wrong --and there is a high probability of it, given I barely venture to the section-- "digital account" is a valid "collateral" for some.

The value of bitcointalk.org accounts was inflated for a while there, especially in the ICO days of 2017 and 2018 when signature campaigns were very lucrative.  During that era (and before,) there were some lenders that would take accounts as collateral.  I don't want to mention names, and it isn't important because most are no longer active in lending or in general.  A lot of those deals happened behind the scenes, and the account would end up being sold if the borrower were to default.  

As DT started clamping down on account sales, the practicality of accepting accounts as collateral quickly waned.  That hasn't had much of an affect on high ranking accounts being given unsecured loans however, since the value of the account is still considered by the lender, but more in terms of what the account is worth to the borrower himself, not what the account is worth to the lender as a potential commodity to sell.

[ScamViruS]

The technique of buying an account to scam is nothing new, but I doubt this account was sold because there's no email or password change according to BPIP.

Maybe seller are trusted or any closed relationships so that buyer did not changed password. anyway we cannot say with 100% surety without any proof.

Anything can happen under the table. Because we can only speculate that something might actually happen, or that it might happen. So after seeing the behavior of this user, everyone will be warned, think more deeply before giving a loan. Because of such users, lenders now have to think a lot before approving any loan. They will try to use every means to scam the lenders.

[shasan]

first of all feeling regret for OP. fund is not big but these scammers using different techniques to collect fund in wrong way. He asked for low fund so that you trust on him and give him loan and he succeed in his mission. possibly he bought this account cheap and use short cut and messages discussion show that he has no intention of giving back.

in last two months if i am not wrong, more than 5 cases happened here. why not make some strong rules for giving loan such as active users for one year or Reputed member collateral?

There are more that may not yet be published. Borrowers get a few times before being accused on the scam accusation board. There can't be any rule to maintain. There is a basic rule bo collateral no loan but we do not follow that. And if the loan is on fiat then if 10 people take loans and of them 1 person scams then there is the possibility to recover the loss. Lending business on the forum is too risky and we have to keep in mind about that.

[petulino]

There are more that may not yet be published. Borrowers get a few times before being accused on the scam accusation board. There can't be any rule to maintain. There is a basic rule bo collateral no loan but we do not follow that. And if the loan is on fiat then if 10 people take loans and of them 1 person scams then there is the possibility to recover the loss. Lending business on the forum is too risky and we have to keep in mind about that.

Its mean that giving loan is trust game, lender will judge by self  using own experienced whom to give how many loan but sometimes borrower take advantage of it. This is too risky and for becoming lender i must have big stock and also big heart to accept these loss.

i am agree that 10 people loan interest will recover loss but what will you say who  are giving loan without any interest such as MR Irfan loan thread (currently paused) . I think this is more riskier because no way to recover.

[shasan]

Its mean that giving loan is trust game, lender will judge by self  using own experienced whom to give how many loan but sometimes borrower take advantage of it. This is too risky and for becoming lender i must have big stock and also big heart to accept these loss.

i am agree that 10 people loan interest will recover loss but what will you say who  are giving loan without any interest such as MR Irfan loan thread (currently paused) . I think this is more riskier because no way to recover.

You are right that it is too risky. As all the time same matter might not happen. Few lenders lost too much which is almost impossible to recover. I have also lost a lot of funds in crypto bitcoin/dogecoin and Ethereum the amount in USD right now is impossible to recover. It is too difficult to understand the mind/behaviour of the borrowers.

[Poker Player]

possibly he bought this account cheap and use short cut and messages discussion show that he has no intention of giving back.

in last two months if i am not wrong, more than 5 cases happened here. why not make some strong rules for giving loan such as active users for one year or Reputed member collateral?

The technique of buying an account to scam is nothing new, but I doubt this account was sold because there's no email or password change according to BPIP.

That had given me to think at first, that the account was sold, as it had two previous positive feedbacks for financial issues, and scamming someone for an amount of $63 doesn't seem very consistent with someone who seemed to show integrity in these matters in the past.

But if he didn't change passwords, I see it as much less likely.

[Buddyspa]

I hope he can consider to pay you. Maybe something have been happen to him that he doesn't want to disclose.
I'm sure his conscience will judge him and make him to pay you back.

[Timelord2067]

Circumstantial evidence would suggest both CYBER_COWBOY and Rohan Kotkar are elmanchez

Rohan Kotkar is an alt of Smarty14392 (who is banned) through their shared use of whats app number 9657746573

Read on: https://bitcointalk.org/index.php?topic=5462079.msg62653587#msg62653587

[shasan]

Circumstantial evidence would suggest both CYBER_COWBOY and Rohan Kotkar are elmanchez

Rohan Kotkar is an alt of Smarty14392 (who is banned) through their shared use of whats app number 9657746573

Read on: https://bitcointalk.org/index.php?topic=5462079.msg62653587#msg62653587

It seems CYBER_COWBOY and Rohan Kotkar are the same person. If that is true then why CYBER_COWBOY will create a scam accusation against Rohan Kotkar. I do not think anyone will destroy his/her account without any valid reason. If both accounts are operated by the same person then there is no necessity to create a scam accusation and destroy the account.

[examplens]

It seems CYBER_COWBOY and Rohan Kotkar are the same person. If that is true then why CYBER_COWBOY will create a scam accusation against Rohan Kotkar. I do not think anyone will destroy his/her account without any valid reason. If both accounts are operated by the same person then there is no necessity to create a scam accusation and destroy the account.

From this angle, the whole thing seems schizophrenic. At least it's not clear to me what he wanted to achieve with that whole story about his loan service. CYBER_COWBOY offered loans, but on more than strange terms and outside of all the usual standards.
Now the CYBER_COWBOY account has been hacked (or so he claims), and he performs under the new Cantlogin account. If you look at what is written under that account, it is obvious that he has problems with himself.

[Bitcoin_Arena]

If that is true then why CYBER_COWBOY will create a scam accusation against Rohan Kotkar. I do not think anyone will destroy his/her account without any valid reason. If both accounts are operated by the same person then there is no necessity to create a scam accusation and destroy the account.

Probably to gain some trust ad merit as a new sheriff in town. If I remember so well, elmanchez also used to do the same thing. I think he posted in the scam accusations board and reputations a number of times before exit scamming.

[virasog]

If that is true then why CYBER_COWBOY will create a scam accusation against Rohan Kotkar. I do not think anyone will destroy his/her account without any valid reason. If both accounts are operated by the same person then there is no necessity to create a scam accusation and destroy the account.

Probably to gain some trust ad merit as a new sheriff in town. If I remember so well, elmanchez also used to do the same thing. I think he posted in the scam accusations board and reputations a number of times before exit scamming.

There seems a lot of twist in this Scam Accusations and let's see in which direction this case will move.

That is really strange that in order to gain some merits or feedback, the person will sacrifice his one account and create all this drama. As i recall all this, Rohan Kotkar took the loan from CYBER_COWBOY, then he asks to extend the loan, then he asks CYBER_COWBOY to buy his account. I can't believe that both accounts belong to a single person, and they are doing a drama here, for God knows what purpose

[Nwada001]

There seems a lot of twist in this Scam Accusations and let's see in which direction this case will move.

That is really strange that in order to gain some merits or feedback, the person will sacrifice his one account and create all this drama. As i recall all this, Rohan Kotkar took the loan from CYBER_COWBOY, then he asks to extend the loan, then he asks CYBER_COWBOY to buy his account. I can't believe that both accounts belong to a single person, and they are doing a drama here, for God knows what purpose

To some point, I am still doubting this as you do, as there is more for CYBER_COWBOY to lose than gain in creating all this drama, as there are still active members who appear to be lending the account owner some money. Damaging their account might likely reduce their chances of getting their money back, as there will be no strong means for him to request his loan repayments, losing money and accounts all at the same time (if all the accounts actually belong to)