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[ira01]

lazyman, do you accept cameras?

Do you accept disco balls?  (In other words, what does this mean?)

This was a reference to an incident about a year ago, where a cocky obnoxious borrower got himself deep-Googled on the forums, and it turned out that he was involved in a scheme on E-Bay or somewhere to trade a camera in exchange for borrowing someone's credit tradeline (by being added as an authorized user) in order to fraudulently boost his credit rating.  Back in those days Prosper (or at least some Prosper employees) actually frowned on fraud, and Prosper Andrew banned him from the forum and from Prosper (on a Saturday, even, as I recall).  IIRC, the borrower's name was StylumCEO -- I'm sure you could find the thread on prosperreport.com.

[Mtnchick]

lazyman, do you accept cameras?

 

[lazymanandmoney]

I can't believe Tokyo Joe wonders why I wouldn't want to link to this website.

Not really...  You don't have to "link" to this webpage...

However, I said it looks unethical for you to have a "my website" field where I amy enter my website, and then you would go to the trouble of deleting it out of my posts, after you had asked for it in the first place.

That's what I thought was a bit slimy.  Not a big thing, but one of many little things we use to judge someones overall character over the internet.

If you read my terms of service of my website (since you are so good at reading them), I explicitly say that I have the right to delete links.  Read what Google says about bad neighborhoods and you can understand why I wouldn't want to give everyone free range to put whatever links they want to in there.  I allow 99.9% of links... I see no reason to throw out the whole concept due to a few small apples.

[bamalucky]

So you block a site you have spent 2 days posting on.

[Mtnchick]

Honestly I can't believe P-----r hasn't asked this guy to shut up yet. Besides making himself look worse and worse, he's dragging them down right along with him.

[Nora_Lenderbee]

In short, if you qualify and buy the endorsement (under the terms specified), I give you the bid for free with no kickbacks.

You want a $50 endorsement on your loan. You contact me, we talk, and you send me $75 through PayPal. I bid $50 of that money on your loan with an endorsement and keep $25 for my time.

But you're not bidding with your own money; you're bidding with the borrower's money. If the borrower paid as agreed, you'd get "free" interest payments on top of your $25 fee. If the borrower defaulted on the loan, you wouldn't lose a dime. So you actually have no financial incentive to choose good borrowers.

It doesn't matter that you "would have" bid on the loan with your own money, if in fact you are using the borrower's money instead.

I'm pretty sure that it would be my own money.  I wouldn't be able to get the borrower's money into my Prosper account in a timely manner.  I heard there's a Facebook application that might be able to do it, but I'm not about use Facebook for Prosper.

GMAB. The borrower is then reimbursing you for your bid. Either way, the $50 ultimately comes from the borrower. You risk zero of your own money. You are selling an endorsement and you are not even lending the borrower any money!

Edit: I'm trying to stay on topic here.

[112233]

Read what Google says about bad neighborhoods and you can understand why I wouldn't want to give everyone free range to put whatever links they want to in there.  I allow 99.9% of links... I see no reason to throw out the whole concept due to a few small apples.

the prospers.org forum has a page rank of 5/10. lazy man has a 3/10. you're the bad neighborhood if anyone

[lazymanandmoney]

So you block a site you have spent 2 days posting on.

I try to make things better - guilty as charged.  I should just give up and let it be.

Obviously the insults and name calling are a black eye on this site.

[bamalucky]

What you find here is honesty,unbiased opinions & free reign to post what you want.

I understand that you aren't used to that.

[lazymanandmoney]

Read what Google says about bad neighborhoods and you can understand why I wouldn't want to give everyone free range to put whatever links they want to in there.  I allow 99.9% of links... I see no reason to throw out the whole concept due to a few small apples.

the prospers.org forum has a page rank of 5/10. lazy man has a 3/10. you're the bad neighborhood if anyone

Some porn sites are rated higher than both of ours in PageRank.  It doesn't mean that I want to allow people to link there.  Content matters, and the insults and name calling are the difference.

[lazymanandmoney]

GMAB. The borrower is then reimbursing you for your bid. Either way, the $50 ultimately comes from the borrower. You risk zero of your own money. You are selling an endorsement and you are not even lending the borrower any money!

Edit: I'm trying to stay on topic here.

Just because you risk zero of your own money doesn't mean that the bid is not your own.  I don't see anything in the TOS saying that you have to risk your own money.

Here's a question that I don't know the answer to (don't care to take the time to find the answer).  If a friend gives me money to bid on a loan for him, is that against the TOS?  My gut says no, yet I wouldn't be risking my own money.

[Xenon481]

Read what Google says about bad neighborhoods and you can understand why I wouldn't want to give everyone free range to put whatever links they want to in there.  I allow 99.9% of links... I see no reason to throw out the whole concept due to a few small apples.

the prospers.org forum has a page rank of 5/10. lazy man has a 3/10. you're the bad neighborhood if anyone

Some porn sites are rated higher than both of ours in PageRank.  It doesn't mean that I want to allow people to link there.  Content matters, and the insults and name calling are the difference.

You mean that the truth is the difference.

[112233]

Read what Google says about bad neighborhoods and you can understand why I wouldn't want to give everyone free range to put whatever links they want to in there.  I allow 99.9% of links... I see no reason to throw out the whole concept due to a few small apples.

the prospers.org forum has a page rank of 5/10. lazy man has a 3/10. you're the bad neighborhood if anyone

Some porn sites are rated higher than both of ours in PageRank.  It doesn't mean that I want to allow people to link there.  Content matters, and the insults and name calling are the difference.

are you trying to spin me? let me quote the piece about bad neighborhoods that you linked to

Don't participate in link schemes designed to increase your site's ranking or PageRank. In particular, avoid links to web spammers or "bad neighborhoods" on the web, as your own ranking may be affected adversely by those links.

obviously this has to do with page ranking, not what should be done if mother theresa is reading your website

[Xenon481]

Just because you risk zero of your own money doesn't mean that the bid is not your own.  I don't see anything in the TOS saying that you have to risk your own money.

Maybe "legalize" small print is too hard for you to read, so let me make it bigger for you again:

The LRA is plain as day on this topic.  What you are doing violates your lender agreement with Prosper.

13. Prohibited Activities. You agree that you will not do the following, in connection with any listings, bids, loans or other transactions involving or potentially involving Prosper:

. . .

b.Charge, or attempt to charge, any Prosper borrower any fee in exchange for your agreement to bid on a borrower's listing, or propose or agree to accept any fee, bonus, additional interest, kickback, or thing of value of any kind, in exchange for your agreement to bid on a borrower's listing;

[Nora_Lenderbee]

GMAB. The borrower is then reimbursing you for your bid. Either way, the $50 ultimately comes from the borrower. You risk zero of your own money. You are selling an endorsement and you are not even lending the borrower any money!

Edit: I'm trying to stay on topic here.

Just because you risk zero of your own money doesn't mean that the bid is not your own.  I don't see anything in the TOS saying that you have to risk your own money.

Here's a question that I don't know the answer to (don't care to take the time to find the answer).  If a friend gives me money to bid on a loan for him, is that against the TOS?  My gut says no, yet I wouldn't be risking my own money.

I don't know whether it would be allowed. That's beside the point. The point is this:
1. You're violating Prosper's TOS.
2. Your endorsement would be completely worthless. That's fraudulent in my book, even if it's not against TOS to make worthless endorsements. It's fraudulent because you would actually have incentive to endorse lousy borrowers as well as good one, since you risk nothing at all. You may not call it fraudulent--we can disagree about that--but it certainly makes you look like a sleaze.

Oh yeah, the other point is :
3. You're shucking and jiving to make it look like you didn't really mean it. More sleaze.