Post
Topic
Board Lending
Re: 17$ loan , honeygain account for collateral
by
Bitcoin_Arena
on 05/01/2023, 09:34:38 UTC
Honeygain account cannot act as a valid collateral because;
1. If you default the loan and the lender want to recover his lost money, how is he going to sell off that account easily?

2.
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account)  Examples:  Steam

This thread is a guide: [EDU] The Rule of "No Collateral, No Loan" - IGNORE AT YOUR OWN RISK!