I could never understand why accounts should have any monetary value at all. The value is what someone is willing to pay for it, right?
I think an account of a legit person has a lot more value to that person than is it worth for sale, and that is their incentive to repay the loan and get their account back.
It is up to the lender to decide if the person is legit or not, or they lose just like a no-collateral loan..
I'd say that my account is worth a lot more to me than its market value. Isn't yours to you?
Not really, no. There is a certain risk if it falls into the wrong hands - someone could probably do some damage with it, so I'd like to avoid that. But as far as monetary value it's $0 to me. I can start tomorrow as a noob and be just as happy trash-talking in Meta and mining Grin and doing whatever else I've been doing here. Probably even happier without the drama that comes with the "positions of power" LOL.