Quote from: marlboroza on January 27, 2019, 03:28:44 PM

@Eddie13 I would appreciate if you don't put words in my mouth thank you.
@DarkStar_ thank you for your input on this matter.

I'm sorry..
It was not my intention to put words into your mouth but rather to understand your stance on the subject as we were all responding to shasan's suggestion of strict lending regulations..

Quote from: eddie13 on January 27, 2019, 01:09:06 AM

Quote from: marlboroza on January 26, 2019, 11:40:50 PM

Why is it so hard to take valid collateral and not someone's reputation/age/etc?

Lenders should not be allowed to make no-collateral loans at all?
They should not be free to take whatever risk they think is worth the reward?

Quote from: DarkStar_ on January 27, 2019, 01:41:41 AM

Quote from: marlboroza on January 26, 2019, 11:40:50 PM

Why is it so hard to take valid collateral and not someone's reputation/age/etc?

Because it is unrealistic to only fund loans with valid collateral.
...
No collateral loan defaults create a mess, but so do normal trades where escrow isn't used - should those be banned too?

DarkStar_ said basically the same thing I did in his reply to the same quote of yours but I get a "don't put words in my mouth" while DarkStar_ gets a "thank you for your input" Huh

Infact, DarkStar_'s posts here have only supported the points I made about taking accounts collateral...

Quote from: DarkStar_ on January 26, 2019, 01:08:29 AM

Quote from: mikeywith on January 26, 2019, 12:07:50 AM

Quote from: eddie13 on January 25, 2019, 11:51:29 PM

Quote from: mikeywith on January 25, 2019, 10:45:09 PM

1- Loan is repaid, end of story.
2- User Default on Loan.

how were you planing to handle no 2 exactly? i am not aware of any other thing that can be done except for selling the account.

Or, you could hold the account for an indefinite period of time hoping they will some day repay the loan.. No?
Why would the lender absolutely have to sell it? He wouldn't..

dude needs his money, he can't wait for "indefinite period of time", nobody can. he waited for 3 days and then started to sell the account.

your argument is invalid, that lendee could have came straight and informed the lender that he was never going to pay the loan, the lendee could have passed away, there are tons of things that could have happened and the lender would have no way out but to sell the account , that's why it's called a "collateral" - something you pre-plan to sell to repay yourself.

When you lend, you should be aware of risks from defaults. I know for certain that I have an account from early 2017 that I obtained via default, and I'm still holding onto it in hopes of eventual repayment (and because I don't want to sell it)

Quote from: DarkStar_ on January 27, 2019, 01:41:41 AM

- I disagree with leaving lenders negative trust for taking accounts as collateral (unless they sell the account)

Of what subject matter he has touched on, our views have been parallel..