Quote from: WorldWideBTC on January 22, 2014, 07:23:34 PM

Quote from: TheBatIsBack on January 20, 2014, 11:34:23 PM

Hey guys I need a 500$ PayPal loan ASAP so I can buy some mining gear. as collateral I will pay you 200$ each month when the price I owe you rises 50$ each month. The reason I ask of this is because I have a coupon code for BFL for a reasonable amount off after meeting the CEO at the airport one day. If you want to talk more please PM me, and if you want ask for my Skype.

That isn't collateral. Collateral is something you put up that can be kept in case you default.

I don't understand why people think collateral means "something to 'prove' they'll pay the amount back".

Yes correct. Collateral are something that can be use to sell, not proof of identity or item that cant be sell