[ANN] BTCJam - Peer to Peer Bitcoin Lending - page 15.

MadeinCoin

legendary

Activity: 1386

Merit: 1003

Quote from: enquirer on December 05, 2015, 07:08:25 PM

BTCJAM is a scam operation, and here's why: they collect 5% fees from each loan, and they do not refund the fee if the borrower disappears (which happens in the majority of cases). Therefore site owners directly benefit from ill-gotten funds.
Anyone lawyer here? time to organize a class action suit.

I realized this they take a fee of 5% but they are not at risk , I think the fee of 5 % is too big because it does not have the risk of losing, while they have never done anything against the investors who lost money

enquirer

sr. member

Activity: 306

Merit: 257

BTCJAM is a scam operation, and here's why: they collect 5% fees from each loan, and they do not refund the fee if the borrower disappears (which happens in the majority of cases). Therefore site owners directly benefit from ill-gotten funds.
Anyone lawyer here? time to organize a class action suit.

Bitcoin-Corporation.com

newbie

Activity: 57

Merit: 0

Quote from: Google+ on November 08, 2015, 01:47:42 PM

Quote from: bobmarley650 on November 08, 2015, 05:59:09 AM

Quote from: MadeinCoin on November 07, 2015, 06:55:13 PM

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

Actually site is very amateur.

why do you say amateur ?

Yes, their behavior says A LOT about them:

- They come here and make a quick comment and make it obvious that they're ignoring most of the inquiries and concerns here - Amateur
- Ignored the support email on Oct. 20th, 2015 asking: "Whats invalid about my bank account?" - Amateur
- Ignored the support email on Oct. 26th, 2015 asking: "Whats invalid about my bank account?" - Amateur
- Ignored the support email on Nov. 6th, 2015 asking: "Whats invalid about my bank account?" - Amateur

I don't have a problem with understanding that it is a private company's right to refuse anyone service, but it's quite disrespectful and shady to collect someone's private/personal information, then LIE and DECEIVE them. Makes me fighting mad.

See, it would be very unprofessional for me to say "I better NEVER see any of your company's key operators come to our company/companies for business once we become a service you might have to rely on. I won't forget the disrespectful treatment".

Someone might say there are more profitable ways to deal with people and companies like this.

#_A_ S _K Josh Garza about Black Magick...

bobmarley650

legendary

Activity: 1232

Merit: 1001

Quote from: Google+ on November 08, 2015, 01:47:42 PM

Quote from: bobmarley650 on November 08, 2015, 05:59:09 AM

Quote from: MadeinCoin on November 07, 2015, 06:55:13 PM

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

Actually site is very amateur.

why do you say amateur ?

because they are

Google+

hero member

Activity: 2464

Merit: 550

Leading Crypto Sports Betting & Casino Platform

Quote from: bobmarley650 on November 08, 2015, 05:59:09 AM

Quote from: MadeinCoin on November 07, 2015, 06:55:13 PM

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

Actually site is very amateur.

why do you say amateur ?

bobmarley650

legendary

Activity: 1232

Merit: 1001

Quote from: MadeinCoin on November 07, 2015, 06:55:13 PM

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

Actually site is very amateur.

MadeinCoin

legendary

Activity: 1386

Merit: 1003

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

BTCJamSupport

full member

Activity: 135

Merit: 100

Support for the global P2P lending platform:BTCJam

Quote from: ?? on ??

Type: Credit Information
New Status: Invalid - The data in the photo and the information submited are inconsistent.

hi guys, hi BTCjam
What do you want more?
this is my third try, i've sent my bank statement which covers last 2 months with my google adsense earnings.
What can i do more?
I assume that your verification team is unable to understand what is valid or invalid.

Waiting for your support.

We dont take Adsense income for this verification. Please send us some tax documents or paystubs please. Thanks

Bitcoin-Corporation.com

newbie

Activity: 57

Merit: 0

Quote from: owlcatz on October 27, 2015, 06:58:39 AM

Quote from: Bitcoin-Corporation.com on October 27, 2015, 12:05:11 AM

We even submitted our Bank Statement from a lawful F.D.I.C. insured Bank, along with it's Telephone Number.
They rejected the Document as "This document does not meet the required type". We asked how the Document did not meet "the required type, and they never replied.

Get a load of this:

Your request for Address Information has been rejected. Please resubmit it.
Your request for Financial Institution Verification (Simple - Bank) was accepted!

It's the same Bank!

Why do you guys make of all of this?

The site is run by incompetent, greedy scammers itself, maybe? They sure do take their time on support tickets, and are never very helpful. Tongue

Wish I could "Like" or thumbs-up that statement.

@bobmarley650 - Well, you, like me and other have stupidly given sensitive information to someone insensitive, questionable, and possibly nefarious, so you better do like me and watch your back, be prepared to shoot obvious trespassers

and even do some traveling if you end up obviously taken advantage of in some way. There are many Gawminer/Josh Garza types out there.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: tommorisonwebdesign on October 23, 2015, 03:34:04 PM

Quote from: owlcatz on September 27, 2015, 04:31:55 PM

Quote from: tommorisonwebdesign on September 27, 2015, 04:16:34 PM

Any site that gives far too much leverage to borrowers of funds is in my mind systematically flawed. Any site that does not provide any security whatsoever to the lender helps criminals steal money from honest people. I am building a site where collaterial is always required and the more liquidizeable the collaterial, the higher your user account trust rating goes. The website will be based on the CakePHP framework as well, adding strong security based on a framework that works.

Sounds cool. Not sure how you would require collateral though. Like what? Here, people use their accounts or other digital goods. Are you planning on doing something similar? IMO, one of the largely unsolvable issues is that most Borrower's don't have enough collateral to begin with, which probably fuels (in part) the asking for a loan. If you look at the loan section, most are for small amounts on here - Probably gambling. These BTCScam scums are just worse, they just run off and leave all their dox wide open.

PSA - If you have been ripped off by BTCScammers, see my signature. Tongue

As far as loans without collateral are concerned, I am thinking about programming in a loan bidding process where investors bid on loans without collateral. I do not have the details worked out, but I plan on basing the procedure from that of other social fiat lending sites.

What kind of collateral would be required? Would this be digital properties too? Like domain names, websites, and forum accounts like here?

Also, I'm really curious about your bidding process, why would investors even bid for these, would they bid for the least interest rate?

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: Bitcoin-Corporation.com on October 27, 2015, 12:05:11 AM

We even submitted our Bank Statement from a lawful F.D.I.C. insured Bank, along with it's Telephone Number.
They rejected the Document as "This document does not meet the required type". We asked how the Document did not meet "the required type, and they never replied.

Get a load of this:

Your request for Address Information has been rejected. Please resubmit it.
Your request for Financial Institution Verification (Simple - Bank) was accepted!

It's the same Bank!

Why do you guys make of all of this?

The site is run by incompetent, greedy scammers itself, maybe? They sure do take their time on support tickets, and are never very helpful. Tongue

Bitcoin-Corporation.com

newbie

Activity: 57

Merit: 0

We even submitted our Bank Statement from a lawful F.D.I.C. insured Bank, along with it's Telephone Number.
They rejected the Document as "This document does not meet the required type". We asked how the Document did not meet "the required type, and they never replied.

Get a load of this:

Your request for Address Information has been rejected. Please resubmit it.
Your request for Financial Institution Verification (Simple - Bank) was accepted!

It's the same Bank!

Why do you guys make of all of this?

tommorisonwebdesign

sr. member

Activity: 448

Merit: 251

Quote from: owlcatz on September 27, 2015, 04:31:55 PM

Quote from: tommorisonwebdesign on September 27, 2015, 04:16:34 PM

Any site that gives far too much leverage to borrowers of funds is in my mind systematically flawed. Any site that does not provide any security whatsoever to the lender helps criminals steal money from honest people. I am building a site where collaterial is always required and the more liquidizeable the collaterial, the higher your user account trust rating goes. The website will be based on the CakePHP framework as well, adding strong security based on a framework that works.

Sounds cool. Not sure how you would require collateral though. Like what? Here, people use their accounts or other digital goods. Are you planning on doing something similar? IMO, one of the largely unsolvable issues is that most Borrower's don't have enough collateral to begin with, which probably fuels (in part) the asking for a loan. If you look at the loan section, most are for small amounts on here - Probably gambling. These BTCScam scums are just worse, they just run off and leave all their dox wide open.

PSA - If you have been ripped off by BTCScammers, see my signature. Tongue

As far as loans without collateral are concerned, I am thinking about programming in a loan bidding process where investors bid on loans without collateral. I do not have the details worked out, but I plan on basing the procedure from that of other social fiat lending sites.

bobmarley650

legendary

Activity: 1232

Merit: 1001

Being and active user will change my rating?
For example if i deposit 5 btc, will it change the rating?

Bitcoin-Corporation.com

newbie

Activity: 57

Merit: 0

Quote from: MonsterV on October 15, 2015, 02:16:21 AM

I tried to borrow 1 BTC in btcjam loan duration 1 month
I need to return a total of 1.75 BTC, this is really bad
Interest rate 75 % 1 month Undecided

http://i.imgur.com/Dee8IIs.jpg

Wow. In some jurisdictions thats probably considered "usery".

-------
u·su·ry
ˈyo͞oZH(ə)rē
noun
the illegal action or practice of lending money at unreasonably high rates of interest.
interest at unreasonably high rates.
-------

MonsterV

legendary

Activity: 2212

Merit: 1008

I tried to borrow 1 BTC in btcjam loan duration 1 month
I need to return a total of 1.75 BTC, this is really bad
Interest rate 75 % 1 month Undecided

http://i.imgur.com/Dee8IIs.jpg

jamieb81

sr. member

Activity: 308

Merit: 250

Quote from: shmoula on October 14, 2015, 05:16:59 PM

Ok, looks like noone noticed my question, so one more time:

@BTCJamSupport: Just being curious - it's arbitration here, arbitration there - how many successful arbitrations already passed?

Support is non existent at BTCJAM, they just care to do what they like for who they decided to. The rest they don't care one inch

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: shmoula on October 14, 2015, 05:16:59 PM

Ok, looks like noone noticed my question, so one more time:

@BTCJamSupport: Just being curious - it's arbitration here, arbitration there - how many successful arbitrations already passed?

From my experience, I'd say: None. They hand you out a worthless e-mail and then leave you alone.

shmoula

sr. member

Activity: 304

Merit: 250

Ok, looks like noone noticed my question, so one more time:

@BTCJamSupport: Just being curious - it's arbitration here, arbitration there - how many successful arbitrations already passed?

Kanati

member

Activity: 93

Merit: 12

Quote from: Max Investor on October 13, 2015, 04:54:34 AM

when I go to a site , the browser reports an error: sec_error_revoked_certificate

I filed a support case about that with them and never got an answer Huh

- seems to be fixed now though (error does not show up in Firefox anymore).

Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 15. (Read 204979 times)