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asked in The Bitcoin Talk forum by (140 points)
Many people use bitcointalk account as collateral. If they failed to repay then what will happen these colleteral account?

Will it be used by lender?

Will it be sold by lender?

or something else?

1 Answer

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answered by (120 points)
From my perspective, accounts musn't be involved in any kind of transaction, either selling-buying or being collateral. I think this is a practice that must be stopped in the  forum, but, of course, that's just my view.

Regarding the question, well, if you lose your account in a loan, my bet is that the "new owner" will be free of doing whatever he/she feel about the price. As long as selling accounts will be allowed, they can see them as a way of pay-back. I guess that, if selling accounts where absolutely prohibited, then probably they didn't even work as collaterals in a loan.
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