Post
Topic
Board Lending
Re: BTCJam Loan 31.30 APR 6 months
by
netdev
on 05/03/2015, 07:57:59 UTC
For what I see MadZ, there is no way to offer enough online collateral for a loan as my house, car, company assets can't be send. Ok, so according to the post:

- The best collateral is another crypto-currency, such as Litecoin (also written as LTC).  Coins must be moderately traded on multiple exchanges. (Don't like alt coins)
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
No domains valuable enough for this.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
I'm in Mexico, almost no people from Mexico here (If you are, raise your hand and I can offer physical collateral), so I'll have a very hard time getting it through the frontier, the cost to send it won't be worth it).
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com
Described in last point.

I'm not spamming a thread, replying to myself for promotion or posting everywhere. I just posted once so people could check it and decide if it's worth the risk, I'm not forcing anyone and I am willing to answer questions here. Judging your reactions, makes me think that 80%+ people that use bitcoin are probably scammers.