Open "BitCoin Credit Agency" UPDATE

[BitcoinINV]

 As I have noticed on here, it is hard to keep track of lendees. I would seem to me that a centralized clearing house needs to be built this is what I am thinking about...... Lenders let me know what you think

Each user is gets a Unique Id " Like a Social Security#"  Lets call it a Bit-curity Number
attached to each Bit-curity number would be

Users Name
Email
Age
Location
facebook
Previous loan history
Bitcurity credit score
Comments from lenders
Forum Name
Employment Length/avg paycheck/pay schedule
----Options----
Verify Identity
U.S Credit check

How the system would work.
For new users they would go to the website and apply for a bit-curity number, for old members that have loans and previous data the lender will send the data, they will be given a number and it will be attached to there account.I Would not ask the lender for any info besides the holders Forum name. It would be up to the lendee to fill out and verify the information. Lenders could come to the site login to there account and put in a bit-curity number and all the lendee credit info would come back, as well as if they are Verified and if they opted for a U.S. credit check. I understand everyone is not from the U.S.
All lendees would be able to obtain there report one time per X amount of time.
Lenders would pay a nominal fee for the use of the clearing house maybe per use or per month whatever would be more logical

How the rating system would work it would give a

Amount of bitcoins in loan right now
Default indicator
Score by number
Score by letter

So it would look something like this

bit-curity #      Loaned    Risk      Score
#1111111111   1BTC        NR       100E


Open to comments or thoughts

[vokain]

Something that is direly needed and should be expanded upon. Maybe integrate with the other guy who's trying to create a one stop shop for lending.

Edit: https://bitcointalk.org/index.php?topic=96732.0

[gweedo]

Social security number has nothing to do with lending and it is use to keep track of citizens for society rights. Second your talking about a credit score, but the problem is the anonymity of the internet. What if I register a lot account and flood your service with a lot of fake data making it seem that I am amazing lendee, build it up so I can get a loan of 1000 BTC no questions asked cause your service would make me look like a great lendee. But then you combat it with facebook login, now your going against the anonymity that bitcoin provides. This is one of those questions that takes a lot of hard work and time to figure out and I would just move on cause you don't sound like you did enough work to really see the flaws (many more that I can point out) or research on lending and credit.

[BadBitcoin (James Sutton)]

Social security number has nothing to do lending and it is use to keep track of citizens for society rights. Second your talking about a credit score, but the problem is the anonymity of the internet. What if I register a lot account and flood your service with a lot of fake data making it seem that I am amazing lendee, build it up so I can get a loan of 1000 BTC no questions asked cause your service would make me look like a great lendee. But then you combat it with facebook login, now your going against the anonymity that bitcoin provides. This is one of those questions that takes a lot of hard work and time to figure out and I would just move on cause you don't sound like you did enough work to really see the flaws (many more that I can point out) or research on lending and credit.

+1, this is not an easy task to complete, the best we have so far is the OTC rating system and that is just as flawed, good luck.

[dree12]

Social security number has nothing to do with lending and it is use to keep track of citizens for society rights. Second your talking about a credit score, but the problem is the anonymity of the internet. What if I register a lot account and flood your service with a lot of fake data making it seem that I am amazing lendee, build it up so I can get a loan of 1000 BTC no questions asked cause your service would make me look like a great lendee. But then you combat it with facebook login, now your going against the anonymity that bitcoin provides. This is one of those questions that takes a lot of hard work and time to figure out and I would just move on cause you don't sound like you did enough work to really see the flaws (many more that I can point out) or research on lending and credit.

If someone is completely anonymous, they don't deserve a high credit score. Most serious lenders require ID.

[gweedo]

Social security number has nothing to do with lending and it is use to keep track of citizens for society rights. Second your talking about a credit score, but the problem is the anonymity of the internet. What if I register a lot account and flood your service with a lot of fake data making it seem that I am amazing lendee, build it up so I can get a loan of 1000 BTC no questions asked cause your service would make me look like a great lendee. But then you combat it with facebook login, now your going against the anonymity that bitcoin provides. This is one of those questions that takes a lot of hard work and time to figure out and I would just move on cause you don't sound like you did enough work to really see the flaws (many more that I can point out) or research on lending and credit.

If someone is completely anonymous, they don't deserve a high credit score. Most serious lenders require ID.

It is called fake ids, it isn't too hard especially since most people are two far to see the actual id, so you have to scan it anyway so yea.

[Raoul Duke]

I was taking you seriously until I saw facebook listed  
Really. Social network verification is....  

[BitcoinINV]

Social security number has nothing to do with lending and it is use to keep track of citizens for society rights. Second your talking about a credit score, but the problem is the anonymity of the internet. What if I register a lot account and flood your service with a lot of fake data making it seem that I am amazing lendee, build it up so I can get a loan of 1000 BTC no questions asked cause your service would make me look like a great lendee. But then you combat it with facebook login, now your going against the anonymity that bitcoin provides. This is one of those questions that takes a lot of hard work and time to figure out and I would just move on cause you don't sound like you did enough work to really see the flaws (many more that I can point out) or research on lending and credit.

IP specific usernames with anymous and proxy blocks will take care of most of that.

[BadBitcoin (James Sutton)]

Social security number has nothing to do with lending and it is use to keep track of citizens for society rights. Second your talking about a credit score, but the problem is the anonymity of the internet. What if I register a lot account and flood your service with a lot of fake data making it seem that I am amazing lendee, build it up so I can get a loan of 1000 BTC no questions asked cause your service would make me look like a great lendee. But then you combat it with facebook login, now your going against the anonymity that bitcoin provides. This is one of those questions that takes a lot of hard work and time to figure out and I would just move on cause you don't sound like you did enough work to really see the flaws (many more that I can point out) or research on lending and credit.

If someone is completely anonymous, they don't deserve a high credit score. Most serious lenders require ID.

I've made fake id's before to questionable people, its not hard, really it isn't, unless you have access to a department of moter vechicles database for the location the card is made from, or a SIN database, good luck getting access to either.

[BitcoinINV]

With that being said there is never 100% block agianst fraud if you make it they will break it!

[gweedo]

Social security number has nothing to do with lending and it is use to keep track of citizens for society rights. Second your talking about a credit score, but the problem is the anonymity of the internet. What if I register a lot account and flood your service with a lot of fake data making it seem that I am amazing lendee, build it up so I can get a loan of 1000 BTC no questions asked cause your service would make me look like a great lendee. But then you combat it with facebook login, now your going against the anonymity that bitcoin provides. This is one of those questions that takes a lot of hard work and time to figure out and I would just move on cause you don't sound like you did enough work to really see the flaws (many more that I can point out) or research on lending and credit.

IP specific usernames with anymous and proxy blocks will take care of most of that.

that is anonymity of the my location of my computer, what about you asking for my address, name, location, age, that breaks the anonymity of what bitcoin has created.

With that being said there is never 100% block agianst fraud if you make it they will break it!

Yea but your idea is full of holes, and doesn't even block 50% of the fraud, many people bring this same idea up, again and again and the same holes are present, either go back to the drawing board, do research, and come up with a new better way to do loans. That is all we are saying

[BitcoinINV]

"that is anonymity of the my location of my computer,"


I understand this but with anything, if you want something and there is restrictions to getting it, you must go with them.
If you are willing to lend to someone with 100% anonymity then you got  to expect some losses. Im pretty sure thats why when you get credit they want to know where you live, Just saying.

Im really not sure why your so negative about a something that could be helpful. But I'm glad you bring up points to be looked into.
 

[BadBitcoin (James Sutton)]

"that is anonymity of the my location of my computer,"


I understand this but with anything, if you want something and there is restrictions to getting it, you must go with them.
If you are willing to lend to someone with 100% anonymity then you got  to expect some losses. Im pretty sure thats why when you get credit they want to know where you live, Just saying.

Im really not sure why your so negative about a something that could be helpful. But I'm glad you bring up points to be looked into.
 

I don't know about gweedo but I've thought of similar proposals and put some work into thinking about how it could work, and nothing I thought of is as practical as just getting an "eye" of sorts, like when patrick or hash get their "red flags." The new lenders will still get just as burnt with your system, except they would have someone else besides themselves to blame for their misfortune.

[gweedo]

that is anonymity of the my location of my computer,

I understand this but with anything, if you want something and there is restrictions to getting it, you must go with them.
If you are willing to lend to someone with 100% anonymity then you got  to expect some losses. Im pretty sure thats why when you get credit they want to know where you live, Just saying.

if i figured it out then you wouldn't be having this discussion
 

Im really not sure why your so negative about a something that could be helpful. But I'm glad you bring up points to be looked into.

I am not being negative, i am being critical and pointing out the flaws you would would encounter and fix as you build.

[gweedo]

"that is anonymity of the my location of my computer,"


I understand this but with anything, if you want something and there is restrictions to getting it, you must go with them.
If you are willing to lend to someone with 100% anonymity then you got  to expect some losses. Im pretty sure thats why when you get credit they want to know where you live, Just saying.

Im really not sure why your so negative about a something that could be helpful. But I'm glad you bring up points to be looked into.
 

I don't know about gweedo but I've thought of similar proposals and put some work into thinking about how it could work, and nothing I thought of is as practical as just getting an "eye" of sorts, like when patrick or hash get their "red flags." The new lenders will still get just as burnt with your system, except they would have someone else besides themselves to blame for their misfortune.

Sorting out lending it one of those things that would take all the energy and time to solve someone will do probably not BitcoinINV, but I think it can be done.

[BitcoinINV]

"that is anonymity of the my location of my computer,"


I understand this but with anything, if you want something and there is restrictions to getting it, you must go with them.
If you are willing to lend to someone with 100% anonymity then you got  to expect some losses. Im pretty sure thats why when you get credit they want to know where you live, Just saying.

Im really not sure why your so negative about a something that could be helpful. But I'm glad you bring up points to be looked into.
 

I don't know about gweedo but I've thought of similar proposals and put some work into thinking about how it could work, and nothing I thought of is as practical as just getting an "eye" of sorts, like when patrick or hash get their "red flags." The new lenders will still get just as burnt with your system, except they would have someone else besides themselves to blame for their misfortune.

Sorting out lending it one of those things that would take all the energy and time to solve someone will do probably not BitcoinINV, but I think it can be done.

Glade you know me so well  LMFAO dude your insight on my work ethic is classic, ill feed you all day

[gweedo]

"that is anonymity of the my location of my computer,"


I understand this but with anything, if you want something and there is restrictions to getting it, you must go with them.
If you are willing to lend to someone with 100% anonymity then you got  to expect some losses. Im pretty sure thats why when you get credit they want to know where you live, Just saying.

Im really not sure why your so negative about a something that could be helpful. But I'm glad you bring up points to be looked into.
 

I don't know about gweedo but I've thought of similar proposals and put some work into thinking about how it could work, and nothing I thought of is as practical as just getting an "eye" of sorts, like when patrick or hash get their "red flags." The new lenders will still get just as burnt with your system, except they would have someone else besides themselves to blame for their misfortune.

Sorting out lending it one of those things that would take all the energy and time to solve someone will do probably not BitcoinINV, but I think it can be done.

Glade you know me so well  LMFAO dude your insight on my work ethic is classic, ill feed you all day

this has nothing to do with work ethic, this has to do with research and knowledge and from your first post, I can tell you didn't do the research to make this system work. PLUS I have hear the same exactly system posted 10000000 times before you posted and clearly those never worked out so I do have some insight.

[BitcoinINV]

Well..... That's kinda why I asked for input lol for research just saying. Some people will hopefully post with some information that may be helpful while others just bash the idea and person to toss it out there.  Kinda like vokains post or badbitcoin they don't just bash the suggest. So like I learned from good old Uncle Sams Misguided Children don't complain about the problem unless you have a solution other wise its just noise.

[gweedo]

Well..... That's kinda why I asked for input lol for research just saying. Some people will hopefully post with some information that may be helpful while others just bash the idea and person to toss it out there.  Kinda like vokains post or badbitcoin they don't just bash the suggest. So like I learned from good old Uncle Sams Misguided Children don't complain about the problem unless you have a solution other wise its just noise.

I didn't bash it, I am critical of it and most people agreed with what I said. If you searched the forum, before posting your idea, you would have find out that people have posted the same exact idea a couple of times, and you have the same holes as them. If your a smart business person you would then probably go back tweak it, and post it again, instead of attacking me, who was helping you by pointing those gapping holes out to you since you clearly didn't see them.

[BitcoinINV]

Its ok dude, just breath......... If I was to tell you how I would fix everyone of the problems you laid out, whats to stop you from going and making a site and system?
There is being critical and being constructive, when people usually ask for input it means constructive. When you ask someone for some money or why you failed then critical comes into play. If anyone has anything constructive to add to this convo then Ill be glad to respond, and I never attacked you.