The City of Neoxian

Dear Hive, I'm out of the loan business.

Hello all, I shall no longer be giving loans to the general public in Hive (or Splinterlands, or other crypto spaces.)

I'm not even sure why I ever got into it in the first place. It was never something I needed to do. I guess it was kind of interesting in the beginning. But the novelty wore thin very quickly as I started to get ripped off, or had to deal with whining deadbeats with excuses on why they can't pay.

Raymond Baxter (https://hive.blog/hive-177682/@neoxian/scam-warning-raymondspeaks-and-bro) @raymondspeaks was the last straw. When I give loans to people, I'm opening myself up to bullshit like this, getting sucked into stuff that I would rather not be a part of. Honestly I'm fucking done.

I have four loans left on the books right now, and when I get them resolved, I'll finally be done with it.

Don't you make a lot of money in Hive?

No, I absolutely DO NOT. Rest assured that 99.999% of my money came from else where, and not Hive.

Do you need to do these loans?

No, I don't and never did.

I'm not sure I could recommend this type of loan business to anyone. It's a tedius minimum wage job that pays chump change and there is better uses of my time and better ways to make more money, easier and safer.

Heck even HBD is still paying 15% apr and yes, it's not risk free, but still better then trusting random people.

Comments · 36

@mortezayousefi(67)· 66d
@neoxian what new developments or experiences have you had over the last six months and has anything changed your perspective on lending or investing in Hive
@thebighigg(78)· 116d
Completely understandable, loans even with collateral are a pain. If it's a close friend it's different, but here on Hive you never know... Smart move on your part!
@encuentro(71)· 116d
La buenas oportunidades siempre hay un mal conducta que la daña
@solorzanot(65)· 117d
Thanks for the honesty in this post. Maintaining peace of mind is worth much more than any profit from loans. Best regards,
@stayoutoftherz(80)· 167d
Hi, @neoxian, I have noticed that one of your votes goes to an inactive witness (curie) which is basically a waste of vote. I would highly appreciate if you could vote for me, a very active witness, curator, chess tournament organizer and also high quality content producer. And I never powered down a Hive. Thanks for considering!
@fonestreet(73)· 182d
Sad this happened, thanks for everything Mr
@darkflame(70)· 234d
You helped me appreciate the value of a Hive account, so thank you. Good luck in 2026! Happy new year
@hurtlocker(70)· 245d
Looking back I still don't understand why Ray made this move outside of him just being a scammer that ran out of money. I would have never bought BRO if I knew Ray could even do something like this.

I miss the way things used to be to this day. I hate that I put myself in a situation where Ray could mess up what I had going on. I really enjoyed your community and it will always have a special place in my heart.

Don't you make a lot of money in Hive? No, I absolutely DO NOT. Rest assured that 99.999% of my money came from else where, and not Hive.

I have been pushing back on the narrative whales make a lot of money on HIVE; well before I was a whale.

People just see a wallet and think someone doesn't deserve that much because other people are poor. That is not how the world works. People who have money and think this way end up losing it all and become poor.....

Most people do not realize that it is WAY easier to lose all your money than it is to make it in the first place. Making money back is not a thing.
@afrikens(70)· 246d
It's sad that many others who really need help are constantly being denied of receiving because of the past behaviours of some who had jeopardize the opportunity when they had it. You just did what you needed to do in helping and there's no crime in that even as a business. It's just sad based on the experience or the reason that led to the closure
@acidyo(84)· 246d
The only way I can see this working on hive is with smart contracts and collateral first later, sort of like how taking a loan in usdc against your bitcoin works on dex's these days. Cause with HP and key changes like you've been doing seems very problematic, especially with recovery in place and a hive price that won't quit being volatile. Other than that it's way too much of a hassle. Thanks for offering something unique here to people over the years, however, even when it barely got you anything of value. I know you saved me from some liquidity issues a few times with your loans!
@arcange(79)· 248d
Fully understandable decision. Dealing with unreliable borrowers and scams can become overwhelming. As you mentioned, there are better ways to invest your time and money that come with less hassle. Peace! ☮️
@ruta.loans(52)· 248d
We are sorry to hear this. You were our inspiration.
@oluwadrey(72)· 248d
Ray issue was a very disappointing one, and it is very understandable if you decided to stop giving out loans, looking at at the testaments of people over here praising you about the loans in the past, it shows the loan service you provided touched lives and helped people positively, More blessings to you in regards to every Other business endeavours you involve in❤️🙏
@hjrrodriguez(74)· 249d
Time is the most valuable thing we have to offer, my friend, and if you use it wisely, you'll have other things to do. The important thing is to do something that makes you happy. All that's left is to complete the four loans, and that's it! Better times are coming for you.

.
@sammywrite(66)· 249d
This is actually quite so sad to hear about. I know you actually have your own reasons for that but it is sad because in the time past, I have really been able to learn a lot and been saved due to loan
@grindle(79)· 249d
Yup, stranger danger is everywhere. an old proverb "Neither a lender nor a borrower be" One of my life's rules I guess has served me well

Good luck getting the debts paid
@zuliquijada22(66)· 249d
Honestly, trusting random people is complicated, but the important thing is that I have the opportunity to collect and start over.
@davideownzall(74)· 249d
Never do loans unless there is something granted to you to rapay the loan in case of insolvent people... Still it's an hassle chase for missing payments
@ace108(80)· 249d
I'm sure you will make better use of your time.
@themarkymark(81)· 249d
Probably a good idea. There has been a lot of talk about Hive provided loans, but with HBD providing low risk 15% apr I don't see why anyone would would take on the risk.
@alexvan(79)· 249d
Well, I've used your loan service at the beginning, with high collateral, like the Shin-Lo GF that I have, and it was all over a good deal, between two real business partners. Thank you for that.

Sad to see another good service on hive closing due to abuse.
@diegoloco(71)· 249d
It's very difficult for an individual to avoid getting hurt when lending money; the risk is much greater when we're talking about cryptocurrencies. Those who take out loans are usually in a precarious financial situation, so it's only a matter of time before someone defaults. That's what banks are for; since they lend with their depositors' money, they can support delinquent and uncollectible borrowers.
@chronocrypto(76)· 250d
damn another business out.
@anderssinho(69)· 250d
Totally understand this decision.
@merit.ahama(78)· 250d
A big thanks to you for those you've helped with your loans who paid back on time, I'm sure they will always remember how your loan saved them. It's sad that some take this opportunity for granted and it's more than enough reason to end it. I respect the decision made.
@intishar(76)· 250d
As far as I know you were the only one who give loan to others. And I have witnessed that few of hivers got the support when they needed it most. I used to think why you give loans to others. Whatever, you have done amazing work and supported several people (whom I know) in the time when they needed the help.
@davidke20(80)· 250d
Support to NOT do crypto loan. Price drop they don't repay you the liquidity. Price hike they won't say thank you for helping them to safe keep their crypto assets.
@dewabrata(77)· 250d
I need a loan but I wont ask from you. That's a bank duty and that their line of business. Sometime people forget when a loan comes from someone else especially a friend, it will not be something that is purely business. 4 more steps to go, and you will be freed from those burden
@xawi(76)· 250d
I don't even know why I am feeling so sad. I don't even need a loan. But loans have really helped me in the past. I can understand why you are taking such measures, sir. People sure took advantage of and exploited such a good bank. Yea It looks like it wasn't even worth the hassle you have been going through. All the best, Sir. Thank you so much for being so kind to us.
@kellyane(72)· 250d
I'm sorry to hear that.

It’s really hard to trust when it comes to money.
@yechee(71)· 250d
I just read the linked post. The red flags were glaring, just as you called it. It's nasty behaviour, and I understand why you wouldn't want to open yourself up to further unpleasant experiences like this one. I believe it's the best decision at a time like this. In all, thank you for helping others in the past. I'm sure they're grateful.
@meno(80)· 250d
right when i was going to borrow some blurt from you...

in all seriousness... don't blame you one bit.

The raymond thing was/is crazy.
@burlarj(80)· 250d
Thanks for the past loan, Mr.D
@rosmiapure(72)· 250d
Dear Neoxian! It's a shame that people abuse and disrespect those who help them in some way. Thank you very much. I'm not sure if you were involved in that, but when I needed help, I searched and found you, and thanks to that loan, I was able to solve something that was urgent for me.
@bipolar95(71)· 250d
If there was one thing I learnt from your experience with Ray, it was to keep business at business; that way, one won’t completely lose out. From your blog one can tell that it was quite an exhausting experience for you, but regardless, lesson learnt.
@nkemakonam89(78)· 250d
I respect your decision on this Mr Dragon. Trust is often abused and whatever to protect your peace is fine. I am sure the loan helped a lot of people here on hive , at least it started on a good note but it is what it is now.