Need 1 BTC urgently, paying back 2 BTC in day [EDIT: need 0.5]

[Willowbitcoin]

If i get burned for .5 btc then its money well spent for the community outing a scammer at a very low cost.

And come on... its .5 btc.

He did offer a scan of his passport etc but i didn't bother taking it due to the very small loan amount.

[John (John K.)]

If i get burned for .5 btc then its money well spent for the community outing a scammer at a very low cost.

And come on... its .5 btc.

He did offer a scan of his passport etc but i didn't bother taking it due to the very small loan amount.

Nah, you're feeding the scammers and causing more scammers to come back and harming the community if you lend with this mentality. Only way to help the community is by practising safe lending procedures like insisting on ID's and/or verifications. Outing a scammer at a very low cost? Heck, making a new account is free. 

[Willowbitcoin]

If i get burned for .5 btc then its money well spent for the community outing a scammer at a very low cost.

And come on... its .5 btc.

He did offer a scan of his passport etc but i didn't bother taking it due to the very small loan amount.

Nah, you're feeding the scammers and causing more scammers to come back and harming the community if you lend with this mentality. Only way to help the community is by practising safe lending procedures like insisting on ID's and/or verifications. Outing a scammer at a very low cost? Heck, making a new account is free. 

Time is not free but i understand your point and will be sure to follow that protocol in future if i find myself in a similar situation again.

Thanks.

[John (John K.)]

If i get burned for .5 btc then its money well spent for the community outing a scammer at a very low cost.

And come on... its .5 btc.

He did offer a scan of his passport etc but i didn't bother taking it due to the very small loan amount.

Nah, you're feeding the scammers and causing more scammers to come back and harming the community if you lend with this mentality. Only way to help the community is by practising safe lending procedures like insisting on ID's and/or verifications. Outing a scammer at a very low cost? Heck, making a new account is free. 

Time is not free but i understand your point and will be sure to follow that protocol in future if i find myself in a similar situation again.

Thanks.

For some kids, time is almost free. You'll be amazed to see the extent the scammers are willing to go through just to scam $5.

[n8rwJeTt8TrrLKPa55eU]

It's amazing how certain scams that would never make sense in any other context, somehow become effective when associated with Bitcoins.  I mean, seriously, requesting $5 from strangers over the Internet, how can it not be a scam?  Who would do that in real life, as opposed to just asking friends/family/coworkers for a spot loan?

The excitement most of us have for the Bitcoin idea, somehow bleeds over into unwarranted trust...probably a similar primitive emotional dynamic as when guys suspend all critical thinking in the presence of a pretty girl.

[John (John K.)]

It's amazing how certain scams that would never make sense in any other context, somehow become effective when associated with Bitcoins.  I mean, seriously, requesting $5 from strangers over the Internet, how can it not be a scam?  Who would do that in real life, as opposed to just asking friends/family/coworkers for a spot loan?  Or putting one's life savings into a brokerage run by a 17-year-old, or giving them to an anonymous stranger who promises fabulous returns with no disclosure?  I think the excitement most of us have for the Bitcoin idea, somehow bleeds over into unwarranted trust...I guess it's probably a similar primitive emotional dynamic to guys suspending critical thinking when in the presence of a pretty girl, or females in the presence of a baby.

Well, this is the Internet after all. 

[Mousepotato]

It's not gone anywhere yet

I think he meant that whenever you get your "loan", you'll be gone for good.

[John (John K.)]

It's not gone anywhere yet

I think he meant that whenever you get your "loan", you'll be gone for good.

Which I think has come true now.

[556j]

It's amazing how certain scams that would never make sense in any other context, somehow become effective when associated with Bitcoins.  I mean, seriously, requesting $5 from strangers over the Internet, how can it not be a scam?  Who would do that in real life, as opposed to just asking friends/family/coworkers for a spot loan?

Uhh there's a big difference here that you're missing.

He wanted to make a purchase, most likely off silk road. It was Wednesday night. If he ordered from domestic vendor it's likely it would arrive in time for the weekend. If he had borrowed 5$ from a friend, the banks would have to be open. Then he'd have to go deposit into bitinstant (do they accept amounts that low?) then get the coin, wouldn't happen until Thursday 10-11am. Then place order, might not get shipped til Friday, won't arrive until next week.

Not saying anything of his creditworthiness here, but the idea itself does have merit.

[fabrizziop]

If i get burned for .5 btc then its money well spent for the community outing a scammer at a very low cost.

And come on... its .5 btc.

He did offer a scan of his passport etc but i didn't bother taking it due to the very small loan amount.

Nah, you're feeding the scammers and causing more scammers to come back and harming the community if you lend with this mentality. Only way to help the community is by practising safe lending procedures like insisting on ID's and/or verifications. Outing a scammer at a very low cost? Heck, making a new account is free. 

Time is not free but i understand your point and will be sure to follow that protocol in future if i find myself in a similar situation again.

Thanks.

For some kids, time is almost free. You'll be amazed to see the extent the scammers are willing to go through just to scam $5.

I agree with this. By being myself a 15-year-old, and knowing other 15-year-old people, I can safely say that their time is worthless for them. I've seen them filling surveys to earn stupid in-game items, or to earn a few bucks. Even they try to use those sites that make you watch ads and give you cents.

[Willowbitcoin]

You guys were right.
Lesson learnt.

No contact.

How do we add a scammer tag on him ?

[John (John K.)]

You guys were right.
Lesson learnt.

No contact.

How do we add a scammer tag on him ?

Thanks, now I have another fresh blood in my list.  First, report him at the Scammer Accusations subforums.

[AndrewBUD]

It's amazing how certain scams that would never make sense in any other context, somehow become effective when associated with Bitcoins.  I mean, seriously, requesting $5 from strangers over the Internet, how can it not be a scam?  Who would do that in real life, as opposed to just asking friends/family/coworkers for a spot loan?

Uhh there's a big difference here that you're missing.

He wanted to make a purchase, most likely off silk road. It was Wednesday night. If he ordered from domestic vendor it's likely it would arrive in time for the weekend. If he had borrowed 5$ from a friend, the banks would have to be open. Then he'd have to go deposit into bitinstant (do they accept amounts that low?) then get the coin, wouldn't happen until Thursday 10-11am. Then place order, might not get shipped til Friday, won't arrive until next week.

Not saying anything of his creditworthiness here, but the idea itself does have merit.

When buying stuff on silkroad, if you're .5 btc short on a decent sized order *most* vendors will give you a gift code for the amount so you can place your order.