Post
Topic
Board Lending
Re: Looking for another small loan of 0.01 - 0.05 & will repay in 1-2 days 50%
by
Light
on 17/04/2014, 05:37:40 UTC
Sorry but those are not collateral.

To clarify, something is only useful as collateral if it can be sold should you fail to repay. Unfortunately, ID and bills are cannot be sold - they are only useful for tracking you down should you default. Hence, what you have offered does not qualify.

If you have some well known altcoins/physical goods to ship to an escrow than that would suffice.