Post
Topic
Board Lending
Re: 0.06 BTC loan
by
mocacinno
on 06/10/2016, 12:09:55 UTC
Just to confirm.
confirm what?
@OP an old account is not worth 0.06 BTC. You need to provide a VALID collateral which is atleast 120% worth of the loan you are asking. For collateral details see here;  https://bitcointalk.org/index.php?topic=577765.0

I guess BlueSky is the old account OP's offering as collateral (it has user id 34)...
That being said, i do agree that for me personally, a newbie account (even with such a low uid) would not be sufficient as collateral, however, it's up to the lender.... Maybe OP can find a lender that wants to own such an old account, thus accepts it as collateral.