1I was forced to sell the account as the user had defaulted on his loan
Oh please. Who forced you to take the account as collateral?
Let me put this another way. You didn't give a shit if someone ended up scammed by a Hero account, or if the buyer ended with a worthless account (as is the case now with the red trust) because of a piddly ~$20 you expected to make from that loan.
1. I wasn't forced to take the accounts as collateral, but I returned recently and without checking if accounts are a still possibly valid collateral, I went ahead and accepted them as one. It was my bad, but as soon as someone pointed it out, I immediately made relevant changes.
2. Let's talk of a case where the account (or any other damn thing) is sold, the seller as a matter of fact has no control whatsoever on what the buyer does with it in the future. How about that a newbie would use the already leveled up account constructively instead of for scamming? Had you been equally rebellious if the same user made some really valuable contribution?
3. Please understand that I do not support the act of selling accounts, and also that it was nothing more than a mere act of liquidating the collateral.
2----- SNIP -----
but what about other people's money that you potentially put at risk? you sold a Hero ranked account to a newbie, what exactly did you think the newbie was planning to do with that account? post in the Ivory Tower board?
I do not quite understand how I would even have a beforehand idea of what the newbie's intention was?! There's a 50:50 chance that the user will scam. Once the account is handed over to the buyer, I completely have no control of its activity.
3Or, 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..
Ain't collateral meant for liquidation in case the loan is defaulted upon? No one waits hoping for the lendee to pay the loan back!
4Nothing forces you to sell the account. I believe I still have a few accounts that defaulted loans in my possession, and have just accepted it as a loss.
Isn't it a loss either way?! All lending services in the world have an interest component, and the only purpose is to make a small profit out of the loaned amount. If profit never was a motive, why aren't the loans interest free? Similarly, if a loan defaults, its collateral is sold, which in this case was the account, so I put it on sale to stop my loss.