What kind of Collateral is needed, i am willing to do that but hey bro bank wont deny me loan with my transaction but am not really going for the huge amount that will take me to bank.
needed to clear up some goods and sell them off
collateral = something that the lender can sell for 120% (ish) in case you default. altcoins, precious metals, etc. is a valid collateral.
and don't compare us to bank. we don't have the time (or equipments or will) to track anyone that run away with the money.
those dogecoins are worth 0.01BTC, i doubt if OP will lend you 0.13btc loan with this collateral collateral value must be more then loan you have requested
I see users' UID status still haven't changed even after they get paid. when will the counter reset? btw, who owns bitsig.website, anyway? is it marcotheminer?