Quote from: cheetahwind on March 28, 2015, 01:23:45 PM

Ok the whole point of what I had said, was basically it would seem as if the collateral system around here makes it impossible for anyone to get a loan without forking out the equivalent in cash first. Was what I was getting at.

My point was given as an example, I don't have any alt coin really, I got 70 doge sent to me by a friend a long time ago, along with my initial round of BTC. Yet otherwise I haven't had any experience with any other currencies.

What my point I was trying to get across is if everyone wants a digital currency equivalent to secure a bit coin loan. Just as you stated, why wouldn't you just convert it.

The only other way any collateral would work is if you lived close to someone. As for someone like me to ship an iPad to Germany, Russia, or some other country outside of the US. Would make it far less cost effective, especially for a 0.3 BTC loan.

I get a newbie, and I was't expecting a loan really. Heck I wasn't even expecting Muahammad to take a chance on me once I saw some of his posts. Yet I read about how easy it was to get a BTC loan, so I decided to dabble in the idea and try it.

The only part that upset me was, and I get that people have been scammed in the past. Is the fact this forum promotes instant negativity to a new person when they request a loan. Yet never scammed anyone on the forum at all yet.

Unless if they have proof that I am out to scam, I think any negative points is uncalled for. So of course, since this was more of a trial for myself. I had no problem making a few people upset by repaying the favor of giving them negative rep as well.

To me a rep system should only be used based on the persons actual trade history. Not just because someone had a bad day and decided to hit the negative post system. Yet it would seem that this place is ok with getting a negative history even though you haven't traded with someone.

Anywho, no I don't think trading or lending to me at this point is a good idea. Why because I think people are going to want some crazy collateral just because that seems to be the norm around here. Give us $1,000 cash deposit to get a $100 loan. That seems a bit crazy to me.

So does that answer your questions satisfactory?

if you don't want to provide collaterals then better go to btcjam or bitlendingclub..