What defines a "new" user? (AKA someone who is a lot more likely to scam)
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Anyone who is a Jr. Member
Anyone who has registered <1 month ago
Anyone with less than 100 posts
Anyone whose posts mainly consist of spam and/or meaningless posts such as "+1" and "nice post"
Anyone who refuses to provide collateral or ID for large loans (a general guideline is >0.2 BTC) or states that they can not give it may not be new, but is untrustworthy.
Anyone who you think is a scammer, because in the Lending sub-forum, 90% of the time, you're probably right.
Anyone who has registered <1 month ago
Anyone with less than 100 posts
Anyone whose posts mainly consist of spam and/or meaningless posts such as "+1" and "nice post"
Anyone who refuses to provide collateral or ID for large loans (a general guideline is >0.2 BTC) or states that they can not give it may not be new, but is untrustworthy.
Anyone who you think is a scammer, because in the Lending sub-forum, 90% of the time, you're probably right.
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What is good collateral for a loan?
Or, if you can not get collateral:
If someone is requesting a loan and meets any of the "new" user criteria, do not loan to them unless you can get collateral. For your own sake.
Also: Invaluable advice from Boelens on bad collateral:
https://bitcointalk.org/index.php?topic=246874.0
There, just so its out there
- Physical items such as an iPad
- Securities and shares such as TAT.ASICMINER
- Anything that can be traded in for a secure cash/Bitcoin value quickly
Or, if you can not get collateral:
- Identification that is clear, verified and can be linked to you and trace you
If someone is requesting a loan and meets any of the "new" user criteria, do not loan to them unless you can get collateral. For your own sake.
Also: Invaluable advice from Boelens on bad collateral:
Alright, so, many people have been asking for loans, providing completely no collateral, or not knowing what collateral is. I saw Nimda make a small post on it in a loan topic, but figured I've seen this having explained so many times I figured I'd make a quick topic on it.
What does NOT count as good collateral:
What does NOT count as good collateral:
- Your accounts on anything like Steam, or any other game site. Why? First of all, it's an account, they're not that easy to sell and while you may have 1,000$ in value on there it is not worth 1,000$. Also, you still most likely have e-mail access to it, and you could go to support saying you got hacked. Also, most Terms of Services do not allow the trading of accounts. This is a bad way to provide collateral and I doubt anyone would accept this.
- ID card, or any other personal identification. This is great information to supply upon getting a loan, but this is NOT collateral. Often people do offer it as collateral but generally it is not worth much, because the worst you could do is find personal information and post it online, which is nasty, but some people won't mind, or use a fake ID.
https://bitcointalk.org/index.php?topic=246874.0
There, just so its out there