Quote:
Originally Posted by George Lind III
vouch (vouch)
v. vouched, vouch·ing, vouch·es
v.intr.
1. To give personal assurances; give a guarantee: vouch for an old friend's trustworthiness.
2. To constitute supporting evidence; give substantiation: a candidate whose strong record vouches for her ability.
I was actually about to post this very thing to show why you can't expect anyone who "vouches" to be financially responsible for the transaction.
You've picked one particular definition, what about the second one, "give substantiation"? The problem is that not everyone understands the word in the same way as many of you do. It never would have occurred to me that when someone says they vouch for someone else in a staking thread that I would hold them financially liable. Seeing the way it's used here, I'd take it to mean they are supporting the person. Way too many people vouch for others when it's obvious they don't know personally and have no reason or incentive to take on financial responsibility for them.
So what's the goal here? If we make the word "vouch" mean they are financially responsible, what does that do? First off, some people won't realize it, even if we put it in the stickies, and then we end up with messy situations. And the ones who do realize it just start using different language instead. Is it that important?
Quote:
Originally Posted by tdomeski
Yeah guys you are better off understanding the concept now to avoid getting into a sticky situation later on. The word "vouch" in any context within the gambling community means a 100% guarantee on all debt of the party you are vouching for. If you vouch for someone in the Marketplace and that person then cashes for $100k and owes 80% to investors, you are on the hook for that entire $80k until it has been paid out.
No, they are on the hook for exactly $0, and if you really expect anything else will happen, you're deluding yourself.
If you want to know if someone intends to be on the hook when they use the term "vouch", ask them.