Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 25. (Read 204974 times)
On Facebook, several persons report that their withdrawal-address has been changed and all BTC were withdrew. I guess that they were using the same password on BTCJam as for their mail account. Still try to get more information at the moment from them directly.
Hey RealMalatesta
What do you say "but all their Bitcoins have been withdrawn" ? Are you in contact with the support or with other users?
About 50 minutes ago I was in my account, the Bitcoin from my ballance were present. No missing Bitcoin at my account. I use 2-Phase autorisation for everything.
RealMalatesta please write in detail what you know, rather than just spread fear...
SwissMike
What do you say "but all their Bitcoins have been withdrawn" ? Are you in contact with the support or with other users?
About 50 minutes ago I was in my account, the Bitcoin from my ballance were present. No missing Bitcoin at my account. I use 2-Phase autorisation for everything.
RealMalatesta please write in detail what you know, rather than just spread fear...
SwissMike
Well what worries me is this:
http://www.cryptocoinsnews.com/news/btc-stolen-btcjam-ongoing-heist/2014/04/08
Dude, it's a news from April --'
It is, but where's the news from BTCJam on them saying it's fixed? Whether or not old news is old.. where's the new, news from them saying it's fixed??
Hey RealMalatesta
What do you say "but all their Bitcoins have been withdrawn" ? Are you in contact with the support or with other users?
About 50 minutes ago I was in my account, the Bitcoin from my ballance were present. No missing Bitcoin at my account. I use 2-Phase autorisation for everything.
RealMalatesta please write in detail what you know, rather than just spread fear...
SwissMike
What do you say "but all their Bitcoins have been withdrawn" ? Are you in contact with the support or with other users?
About 50 minutes ago I was in my account, the Bitcoin from my ballance were present. No missing Bitcoin at my account. I use 2-Phase autorisation for everything.
RealMalatesta please write in detail what you know, rather than just spread fear...
SwissMike
Well what worries me is this:
http://www.cryptocoinsnews.com/news/btc-stolen-btcjam-ongoing-heist/2014/04/08
Dude, it's a news from April --'
Well what worries me is this:
http://www.cryptocoinsnews.com/news/btc-stolen-btcjam-ongoing-heist/2014/04/08
Thanks adaryian for info, this is new for me. I will read kindly. It seems to be an old story, as I confirmed, my Bitcoin are ok at my last login.
RealMatesta, any other news or source?
SwissMike
Hey RealMalatesta
What do you say "but all their Bitcoins have been withdrawn" ? Are you in contact with the support or with other users?
About 50 minutes ago I was in my account, the Bitcoin from my ballance were present. No missing Bitcoin at my account. I use 2-Phase autorisation for everything.
RealMalatesta please write in detail what you know, rather than just spread fear...
SwissMike
What do you say "but all their Bitcoins have been withdrawn" ? Are you in contact with the support or with other users?
About 50 minutes ago I was in my account, the Bitcoin from my ballance were present. No missing Bitcoin at my account. I use 2-Phase autorisation for everything.
RealMalatesta please write in detail what you know, rather than just spread fear...
SwissMike
Well what worries me is this:
http://www.cryptocoinsnews.com/news/btc-stolen-btcjam-ongoing-heist/2014/04/08
Hey RealMalatesta
What do you say "but all their Bitcoins have been withdrawn" ? Are you in contact with the support or with other users?
About 50 minutes ago I was in my account, the Bitcoin from my ballance were present. No missing Bitcoin at my account. I use 2-Phase autorisation for everything.
RealMalatesta please write in detail what you know, rather than just spread fear...
SwissMike
What do you say "but all their Bitcoins have been withdrawn" ? Are you in contact with the support or with other users?
About 50 minutes ago I was in my account, the Bitcoin from my ballance were present. No missing Bitcoin at my account. I use 2-Phase autorisation for everything.
RealMalatesta please write in detail what you know, rather than just spread fear...
SwissMike
I can't login my self
You are not the only one. BTCJam claims that there is only a log-in problem. However, more and more users report that they were able to log in through Facebook, but all their Bitcoins have been withdrawn.
I can't login my self
Hey adaryian
your message Difficulties logging in BTCjam.com:
I'm having the same difficulties since 2 hours and 40 minutes.
- Try to login: failed password (i check everything, also capslook, other browser etc.)
- Try to „forgot password“: failed because until now no e-mail received.
- Try to login by faceb..k-login: yeah, it works. So I am in the account, BTC’s here, ok
- My 2-Phase verification is still active for every possibility, so I can easy wait without support contact.
… Since 20 minutes: BTCjam.com completely down form me
My name @ BTCjam: SwissMike
your message Difficulties logging in BTCjam.com:
I'm having the same difficulties since 2 hours and 40 minutes.
- Try to login: failed password (i check everything, also capslook, other browser etc.)
- Try to „forgot password“: failed because until now no e-mail received.
- Try to login by faceb..k-login: yeah, it works. So I am in the account, BTC’s here, ok
- My 2-Phase verification is still active for every possibility, so I can easy wait without support contact.
… Since 20 minutes: BTCjam.com completely down form me
My name @ BTCjam: SwissMike
How does BTCJam calculate interest rates?
Here is a listing: https://btcjam.com/listings/18155 . B 0.2 @ 7%. Weekly payments of B 0.04878, 30 days. 5 payments -- that's not stated in the listing -- wish BTCJam would tell you the number of payments.
In the end, you get back 0.04878 * 5 = 0.2439. The return is 0.2439 / 0.2 = 21.95%. How do they get 7%?
I sortof understand how they calculate the APR. It's without compounding, which is reasonable, but I wish they would explain that. 21.95% * 365/30 = 267.06%. They give it as 267.00%. Where did the 0.06% go?
The avg time your money is lend out is 3 weeks and the interest is per period(weekly), is in this case 7% so the total interest should be about 3*7= 21%, the reason its not exactly 21% is because each weekly repayment is made to be equal size and not the first repayments bigger and the last smaller.Here is a listing: https://btcjam.com/listings/18155 . B 0.2 @ 7%. Weekly payments of B 0.04878, 30 days. 5 payments -- that's not stated in the listing -- wish BTCJam would tell you the number of payments.
In the end, you get back 0.04878 * 5 = 0.2439. The return is 0.2439 / 0.2 = 21.95%. How do they get 7%?
I sortof understand how they calculate the APR. It's without compounding, which is reasonable, but I wish they would explain that. 21.95% * 365/30 = 267.06%. They give it as 267.00%. Where did the 0.06% go?
The standard way of calculating the APR(non compounded yearly interest) value you would get if you took 7%*52(weeks) , that would become 364%(or rather 365% if you want the exact value as its 365 days in a year not 364) APR rate on the loan you mention, BTCjam calculates it slightly different so all loans except those that is 7days/weekly payment or 30 days/monthly payment will get APRvalues thats different than the standard way its calculated.
And to BTCjam support, there is some problem on your site at the moment. it has not been working to login for a while now like i mentioned in the mail i send you.
I'm having difficulties logging in, and resetting my password the emails aren't coming through to reset the password even. Can you update me/us on this issue, is anyone else experiencing this or is this just me?
How does BTCJam calculate interest rates?
Here is a listing: https://btcjam.com/listings/18155 . B 0.2 @ 7%. Weekly payments of B 0.04878, 30 days. 5 payments -- that's not stated in the listing -- wish BTCJam would tell you the number of payments.
In the end, you get back 0.04878 * 5 = 0.2439. The return is 0.2439 / 0.2 = 21.95%. How do they get 7%?
I sortof understand how they calculate the APR. It's without compounding, which is reasonable, but I wish they would explain that. 21.95% * 365/30 = 267.06%. They give it as 267.00%. Where did the 0.06% go?
Here is a listing: https://btcjam.com/listings/18155 . B 0.2 @ 7%. Weekly payments of B 0.04878, 30 days. 5 payments -- that's not stated in the listing -- wish BTCJam would tell you the number of payments.
In the end, you get back 0.04878 * 5 = 0.2439. The return is 0.2439 / 0.2 = 21.95%. How do they get 7%?
I sortof understand how they calculate the APR. It's without compounding, which is reasonable, but I wish they would explain that. 21.95% * 365/30 = 267.06%. They give it as 267.00%. Where did the 0.06% go?
full member
Activity: 135
Merit: 100
Support for the global P2P lending platform:BTCJam
I created a new account with this service today. When I tried to add a withdrawal address it told me to check my email for confirmation, but the email never came, and not to spam folder either. I use Gmail.
I emailed Support but they have not replied to me.
I emailed Support but they have not replied to me.
Hi Sedative, e-mails were taking a bit longer. Thank you for your patience.
how to complete the process " Identity verified 50%" ?
Identity 50% verified means that you have verified your ID but you still need to have your proof of address verified in order to get 100%.
how to complete the process " Identity verified 50%" ?
today all users problems with notifications by e-mail 
... look forward to when correct I do not think it will take a long time. 
... look forward to when correct I do not think it will take a long time.
I created a new account with this service today. When I tried to add a withdrawal address it told me to check my email for confirmation, but the email never came, and not to spam folder either. I use Gmail.
I emailed Support but they have not replied to me.
I emailed Support but they have not replied to me.
where it remained BTC you've been saving for the change of the website?
I had saved something from 0.035 BTC. then it changed and now I have nothing...
sorry wrong siteI had saved something from 0.035 BTC. then it changed and now I have nothing...
i look btcjams.com
where it remained BTC you've been saving for the change of the website?
I had saved something from 0.035 BTC. then it changed and now I have nothing...
I had saved something from 0.035 BTC. then it changed and now I have nothing...
The credit rating is a load of crap when someone then goes and runs several other loan requests, no bank would allow this so why does BTCJam allow people to rack up several loans without repayment.
Then you have the rep ponzi which is a careful gamble of are they asking for too little to walk away with but that's countered by them then requesting more loans afterward.
The sites fees should go to an insurance pot for lenders much like FIAT sites like Zopa
Then you have the rep ponzi which is a careful gamble of are they asking for too little to walk away with but that's countered by them then requesting more loans afterward.
The sites fees should go to an insurance pot for lenders much like FIAT sites like Zopa
So, is it wrong for me to think that user X out of Africa or user Y out of Croatia that created their eBay account one month ago, is just doing 'reputation' loans to build up to a worthwhile amount to run off with?
It's like a big ponzi, but since you can take out multiple loans, the first ones in even lose sometimes.
ed: I can't even ask for a loan, since apparently I'm supposed to photograph myself holding up my DL. LOL, gmafb. Any chump can do that, it doesn't mean they're legit.
https://btcjam.com/users/28002
Any day over most of those verified profiles
It's like a big ponzi, but since you can take out multiple loans, the first ones in even lose sometimes.
ed: I can't even ask for a loan, since apparently I'm supposed to photograph myself holding up my DL. LOL, gmafb. Any chump can do that, it doesn't mean they're legit.
https://btcjam.com/users/28002
Any day over most of those verified profiles
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