Post
Topic
Board Trading Discussion
Re: Question about Valid Collateral
by
Amph
on 04/12/2015, 07:29:02 UTC
the best collateral would be an account, it's easy to transfer the ownership and can be sold quite easily as well, but for 5 btc you need something like legendary with trust or hero with many trust

The best collateral would be an altcoin. I have seen plenty of loan requests using domains as a collateral and most of them are not accepted because the user is offering a shitty domain, if you can prove your site is worth 5btc or more then I'm sure someone will. Why do you need the 5 bitcoins in the first place?

not my site, but my account, i've made 20 btc with this account, so yes it's worth much more than a mere 1 btc

and no, altcoin ar enot a valid collateral they depreciate very easily, and a very unstable, i would not take any altcoin as a collateral not even litecoin

instead an hero account is still worth at least 0.5 even today