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Author Topic: Confidence loan: 25BTC  (Read 1063 times)
softwareseller (OP)
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July 19, 2012, 08:57:16 AM
Last edit: July 19, 2012, 09:16:25 AM by softwareseller
 #1

I'm selling a list of items(https://bitcointalk.org/index.php?topic=88811.0) on this forum as well OTC. I did a couple of transactions. But I need more trust on this forum & OTC.

Send me 25BTC and after it's confirmed I'll sent 25.1BTC right back to you within the hour. And hopefully you could rate me on OTC and this forum so I could do my business more confidently.

UPDATE:
The reason I choose 25BTC is because most of my items are around that price. So customers would trust me.
And yes, I read the sticky thread on confidence load (https://bitcointalk.org/index.php?topic=75742.0) That's where I got the name of this thread.
I want to prove to my customers that I'm trustworthy. And no lender should trust me even if I request a 26BTC loan later(And I didn't care Nor did I plan to borrow any BTC. I was just doing business)

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Matthew N. Wright
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July 19, 2012, 08:58:49 AM
 #2

Ugh. Provide some actual services/products. This "send me $100 and I'll send you $100 back" bullcrap is pointless..

A confidence man could work his way up to 100,000BTC before he runs away with it. This proves nothing.

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July 19, 2012, 08:59:26 AM
 #3

Ugh. Provide some actual services/products. This "send me $100 and I'll send you $100 back" bullcrap is pointless..
Congratulations on 5k post just now.

@OP: Why not send others 25BTC?

John (John K.)
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July 19, 2012, 09:03:58 AM
 #4

I'm selling a list of items(https://bitcointalk.org/index.php?topic=88811.0) on this forum as well OTC. I did a couple of transactions. But I need more trust on this forum & OTC.

Send me 25BTC and after it's confirmed I'll sent 25.1BTC right back to you within the hour. And hopefully you could rate me on OTC and this forum so I could do my business more confidently.
Lending out 4BTC just now (https://bitcointalk.org/index.php?topic=94088.0) and asking for a 25 BTC loan seems...strange.
Also, take a look at this thread: https://bitcointalk.org/index.php?topic=75742.0
softwareseller (OP)
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July 19, 2012, 09:09:29 AM
Last edit: July 19, 2012, 09:29:55 AM by softwareseller
 #5

Ugh. Provide some actual services/products. This "send me $100 and I'll send you $100 back" bullcrap is pointless..

A confidence man could work his way up to 100,000BTC before he runs away with it. This proves nothing.

No one would lend me  100,000BTC because I pay back 25BTC.
The reason I choose 25BTC is because most of my items are around that price. So customers would trust me.(Of course, lenders do not need to trust me if I ever want to borrow 26BTC)


 And browsing 25BTC could prove that I'm trustworthy when customers buy things from me. (My items are around 25BTC, so it's not like paying back 100BTC and ran with 1000BTC)

softwareseller (OP)
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July 19, 2012, 09:11:24 AM
 #6


Lending out 4BTC just now (https://bitcointalk.org/index.php?topic=94088.0) and asking for a 25 BTC loan seems...strange.
Also, take a look at this thread: https://bitcointalk.org/index.php?topic=75742.0

I don't quite understand how that works: you're looking for someone trusted so that you can send him/her a token (4 BTC) that will then be sent back to you (since the person is trusted and will not keep the token) and get a rating for that?

How would that rating mean anything?

It's exactly this thread that make me decide to do a confidence load of 25BTC

softwareseller (OP)
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July 19, 2012, 09:17:34 AM
 #7

Ugh. Provide some actual services/products. This "send me $100 and I'll send you $100 back" bullcrap is pointless..

A confidence man could work his way up to 100,000BTC before he runs away with it. This proves nothing.

Hey. I did provide product as well as service. And I did do some transactions.
Just to say I did a transaction (iTunes Gift Card) with SoftwareSeller and everything went fine. He delivers what he promises and he uses escrow.

Code worked just fine; thanks for an easy transaction!

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July 19, 2012, 09:44:53 AM
 #8

Why not just use escrow? That should help solve the trust issue pretty well. I'd be willing to do it for you, or there are a number of others here who provide the service (see the stickies at the top of the sub-forum).

softwareseller (OP)
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July 19, 2012, 09:48:14 AM
 #9

Why not just use escrow? That should help solve the trust issue pretty well. I'd be willing to do it for you, or there are a number of others here who provide the service (see the stickies at the top of the sub-forum).

I do use escrow. "https://btcrow.com/affiliate_click.php?id=16  Escrow for bitcoin [Affiliated]
Please choose Escrow fee 50%-50% Also, if you want to pay through a 3rd party platform or escrow , please indicate and I'm willing to trade through the platform/escrow you specified."  Don't know why people are still now willing to buy my products.

Would you please reply to https://bitcointalk.org/index.php?topic=88811.0 and state that you are willing to escrow?

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July 19, 2012, 12:01:49 PM
Last edit: July 20, 2012, 02:06:41 AM by BurtW
 #10

I expect that you are having a hard time selling due to competition, prices, the products you are trying to sell and other factors.  Trust and/or reputation should not be an issue.  You have already mentioned that you are willing to send first and you are willing to do escrow.

Getting a small loan here and sending it right back will do nothing for your reputation.

Try mentioning the willingness to do escrow and send first again, maybe reduce your prices, maybe add more products to your catalog.

BTW I also do escrow if you ever get an interested buyer.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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July 20, 2012, 01:24:41 AM
 #11

I looked at your thread, if I was you I would split them all into separate threads. Maybe the itunes/apple in one, VPN in another, Anti-Viruses in another, etc etc
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July 20, 2012, 01:26:19 AM
 #12

I looked at your thread, if I was you I would split them all into separate threads. Maybe the itunes/apple in one, VPN in another, Anti-Viruses in another, etc etc
I mentioned that in his thread too. And he needs to include photos.
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