Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 24. (Read 204974 times)

kanes, RealMalatesta

Of course we care about scammers. In fact we are taking in 100s of data points about borrowers (facebook data, linkedin, paypal, ebay, behavior on the site, income, identity, address verification) etc. to do credit scoring. Our algorithms learn over time who's a good repayer and get smarter with every loan. We have now repayment rates around 85%, so it is getting harder for scammers every day and it is absolutely possible to make positive returns.

It is important to DIVERSIFY into many different loans, because there will always be a few defaults. By diversifying into loans where the interest rate charged to the borrower covers the probability of loss, the chances of making good returns increases.

Read more here about how to diversify: http://blog.btcjam.com/post/75934926878/the-3-rules-of-peer-to-peer-lending-for-investors

Also, we are always interested in learning how to better protect people from ponzi schemes and scammers, and if you have any ideas about that please feel free to email me at [email protected]

BTCJam seems to not care. There are tons of scammers, and they do some cross-reference for getting a better rating. The fact that BTCJam claims they have verified the identities makes it even worse...

What is being done to stop with scammers that register and run away?? Thanks

To anyone who's interested (I'm posting this in a few places) I've written a Python script that consumes btcjam's API and returns useful stuff based on user-input stuff. Look, see for yourself: (Anyone mind telling me how to properly use img tags?)

Some code!

http://imgur.com/Kp12rTX

Some settings!

http://imgur.com/inKCKuN

Some output!

http://imgur.com/FpM4FuV

Also this is my first post/s on bitcointalk so hi everyone.

This script can be either implemented as an automated investor, or can output the description to your spreadsheet so you can see the output then search any listing you find juicy through btcjam's own UI.

What I'd like to do is offer this as a subscription service where I provide you with access to your own spreadsheet where you get to set your variables, and I run the script from my paid amazon ec2 instance (I really have one, http://jarettrsdunn.com it does some other stuff too. Then it updates with your specific variable input into your shared-access spreadsheet every x hours or whathaveyou.

I can edit or update the script before sale as much as is reasonable, and perform updates going forward for features and functionality as required. The next step for me would have been a graph illustrating different variable input vs. profitability of investments over time to give me a historically accurate sense of how my investment strategy would work if I invested x amount.

Anyways, I'm open to negotiation on price for this service. PM me or answer here. I'm putting this ad in two other spots (it'll be on the feature update request for btcjam thread, the service announcement area and the btcjam's announcement area).

I seem to have not been able to find a public API for bitlendingclub, which is unfortunate, but if I was mistaken you can tell me and if there's interest I can write a script that will crawl the site using whatever they use to output to the UI and then give info from there.

How some users have Linkedin tagged profile pictures?

Gday I do not know if BTCJAM read this forum or not      BUT a suggestion for you guys CAN YOU GO THROUGH EVERY Verify ACCOUNT AND fix the flags on the accounts....   AS there countless profiles that have people flagged as been from other counties to that they are from with a few simple google searches I have found about 4-5 NOW

BEEN Flagged as AUSTRALIA and they are clearly ARE NOT AUSTRALIAN  the last one I found the user is in ENGLAND.....    The countless numbers of users been flagged as AUSTRALIAN that are NOT then do a number on people gives us AUSTRALIANS a bad name.....   When these users are NOT from AUSTRALIA you guys have the information there to make sure THE USERS COUNTRIES ARE RIGHT WHEN they Verify as that information is in the id and proof of address how come it can not be shown right on the BTC JAM website as where a user is from ?  


PS this is the user that is showing from AUSTRALIA

https://btcjam.com/listings/19089

BUT A QUICK LOOK AT THE EBAY USERNAME CLEARLY SHOWS THEY ARE FROM ENGLAND...  Also the user conforms themsevles as NOT BEEN IN AUSTRALIA in the comments on the listing this is just one example of many users that are FLAGGED AS AUSSIES but are NOT


PS IS AN AUSTRALIAN here and is sick of users been flagged as AUSTRALIAN (when they are not) and then doing a number on people...   WORST group for this is people from Indonesia been flagged as Aussies.   When a simple search show they are NOT AUSSIES  and it giving us AUSSIES a bad name all cause of the flags been wrong on the borrowers profile

Hi could someone from BTCjam reply to my support ticket opened on https://btcjam.com/listings/17270?

Reuben

Well it's quite obvious that you could be using someone's else ID and show your face with your ID is a proof of truth. You're asking money to people who doesn't even know you, so if you would be loaning, would you send your BTC to a passport photo?

I'm loaning some and i do not think that this is a bad request. From my point of view is more secure for who loans the BTC. If you want to remain anonymous just buy on the market

That's exactly where I stopped the ID-process. Next they want me to sing and tap dance? No way - especially not after I only wanted to invest some BTC there. However, with a fraud rate of 30+ %, I'm done there.

I sent my identity but it says "Face Required     Please, provide a full face photo with you holding your ID to the side of your face." You know this is stupid, right? I already linked my BitcoinTalk Staff account with your site. What else do you expect? I don't use your service because of these unnecessary rules. I can find a lot of fake ID's and photos on the internet, this rule doesn't add any value to your security system.

How i refer my bitcointalk account on my btcjam account?

here it is:  https://www.facebook.com/P2PBTCJam

Same here.

Just waiting for word from BTCjam...

We hope for all.

Ok, since some minutes BTCjam.com again online, i am logged in with my user/password as usual, my Bitcoin are here and I just received a payment from a Borrower.

Mike

People are reporting their withdrawal address changed and balances were withdrawn even with 2FA enabled.

https://hashtalk.org/t/warning-btcjam-account-hacked/5438/3

I guess - I repeat: GUESS - that 2FA is secure. However, what worries me is what data were available and when. If the attackers were able to get more client information, I'd be worried.... Also: Check your PM...

Oh, interesting. Do you have any transaction ID or withdraw address (sending adress from jam) or so?

2-factor auth may protect vs that, do you know any case where is a problem with 2-phase?


SwissMike

my skype:  mike.they

Chatted with some victims. They did not use the same password for BTCJam and their e-mail. Monitoring the withdrawal on the blockchain....

Thanks, this are good news. The side is nomore down, it is a maintenance information there.

Thanks friends for updating!

SwissMike

From BTCJam:

We are working on getting our services back again. The majority of our coins are on our cold storage and no users will lose any bitcoins at all. Please stand by and thanks for the cooperation.