For giving me negative feedback you are getting one yourself now. Take care.
Too bad his counts almost... 100-1000 times yours. Negative feedback from newbies/heavily redflagged counts nothing.
Btcjam loans are defaulted almost daily and nothing is done about it. Nothing.
This is not exactly true. Defaulting a BTCJam loan is not different from defaulting a loan in the real world.
They will use some kind of net-arbitrage whatever for some reason I do not understand and ultimately end up legally giving you the personal information of the insolvent.
From there you are on your own to pursue a judgment.
Personally I would not loan to anyone outside European Union, United States, Canada or UK because there I can send a bailiff to the borrower to collect outstanding debt.