Re: Taking loans -- 100% collateral in BTC -- Escrow Accepted
Once the interest is paid to you at the end of the loan period (within 48 hrs), you must give positive feedback (with a reference) for the full amount of the loan. Failure to give positive feedback will result in you breaking the terms of our contract and I will get to keep the money you lent me. If this is not possible for some reason you agree to receive a scammer tag until I am paid or positive feedback is left on my account for this loan.
This is blatant trust buying. Brace yourself for some negative feedback coming your way.
Why are you taking the loan if you have BTC collateral?
Why would I need a loan if I have 3,000% collateral nevermind 100%? Good question. How about, our funds are tied up on the NXT AE and we need to invest in an affiliate program before it closes -- TODAY? But despite running stable assets with cashflows in excess of 30 BTC a week I just got denied a 1 BTC loan.
So now I offer collateral and you accuse me of trust buying. That's got to be some kind of troll, right? That was pretty funny, you accusing me of trust buying
If it makes you feel better I will buy LTC or the currency of your choice and you can hold that in escrow instead of BTC. Otherwise, if you think a 100%+ collateral loan in altcoins (the perfect collateral is liquid currency, see sticky) is anything but blatant trust buying you obviously haven't put 2 and 2 together (see previous sentence). Now that you know how things work, it's obvious that I need to do a series of smaller, collateralized loans in order to build up trust since this community appears to not understand NXT or the NXT AE. Given that I am not really interested in smalltime loans that I don't need unless they actually serve the only purpose they possibly can (to build a trust rating).
I'd much prefer to take unsecured loans because they are more valuable in establishing trust. Feel free to be the first one to loan me money. Also, if you want to loan me something I actually need please check this thread: https://bitcointalk.org/index.php?topic=890569.0 thanks.