Ninjastic
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Re: Quickseller vs Legendster
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Quickseller
on 13/02/2015, 05:07:00 UTC
Quote from: Blazedout419 on February 13, 2015, 04:51:20 AM
Quote from: Quickseller on February 13, 2015, 04:22:00 AM
Quote from: Blazedout419 on February 13, 2015, 04:20:08 AM
Quote from: koshgel on February 13, 2015, 04:03:39 AM
You are asking for a large sum of money WITHOUT collateral which is one of the lending section rules. You should be getting negged based on that.

Don't see how Quickseller overreacted.

Collateral is a Suggestion not a Rule...I lend without it from time to time. It is the lenders choice if they require collateral to lend or not.
Would you be willing to lend him 60 BTC without collateral? If someone were to lend him that much, what do you think the chances are that he would repay the loan (be sure to look at his trust first)?

No I wouldn't lend him that much. I was just pointing out that collateral is optional was all. I think it should be used most of the time, but it is a choice not a rule.
You are correct, collateral is optional (it is a free market right). However I think you would also agree that the majority of people who are asking for no collateral loans have no intention of repaying if they get their loan (or are trying to build up confidence and eventually take out a large loan they will not repay).