Post
Topic
Board Lending
Re: [LOAN REQUEST] Need 7.5-15 BTC (8% Interests Paid Monthly for 4 Months)
by
Killerloop
on 11/07/2014, 06:32:22 UTC
its not worthless, but it definitely isn't worth 7 Bitcoins.

Anything that

1) cannot be sold spot on the same day of the default
2) doesn't hold his value properly (i.e. website)
3) it is hard to sell, it is illiquid.

it is worthless as collateral.