Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 36. (Read 204974 times)

Is there any way to refresh imported OTC ratings? My OTC ratings have changed significantly since I first got started and it would be helpful to reflect that in my record.

The GPG authentication on the site seems to be not working for the OTC rating import. I get the following error message "Error retrieving gpg keyid."

They cannot repeat since we do not allow anonymous loans.

And yes, after 120 days loans will be subjected to arbitration and identity disclosure so investors can seek collection. Just like any other p2p lending site.

I am hoping to convince BTCJam to use a slightly different lending model, and hoping they'll give me access to their back side, so I can use my financial expertise to help evaluate the loans and such.

A lesson on BS mainly. I did ask questions, seemed legit to me....

I regret putting my trust in people I hadnt met in person...

As an investor, it is your job to evaluate the risks and chose what loans you should and should not pick. Since there was no mandatory arbitration before, it would have been best to ask the borrowers for more info about their loans and about themselves before giving them money. Without that info, the loans are incredibly risky. I don't know if you will ever see your money, but, sadly, I doubt it. I am sure it has been a very expensive lesson on risk evaluation, though.

Some things simply need regulation.

Most of the "loans" I gave on btcjam were simply never repaid and the only inconvenience for the user is that they have a username on a website which has a bad record. Obviously when they open a new account on btcjam with a new username they can repeat the process.

If I has leant this money on a fiat lending site, zopa.com etc they would seek to recoop the defaulted loan - the risks of borrowing money.

Will I ever see my BTC returned? It is a considerable amount of money.

Moderators: If this post is against the rules for these forums, I will take it down immediately upon notification.  I was unable to find anything in the terms of service that would either condemn or allow this message.

I would like to announce my own Bitcoin loan request listing that is up on BTCJam, at https://btcjam.com/listings/4552.  I am asking for BTC5, and am currently offering a 4% interest fee.

My purpose is to be able to purchase (in USD, after exchanging at Mt. Gox or, if they are unavailable, the next most trustworthy exchange) better computer equipment so that I can mine crypto-currencies on my own (rather than having to ask for loans).  What I have (an old Nvidia 8600 GTS) is hilariously insufficient to mine anything in a reasonable time frame.

My living expenses are extremely low, and the electricity costs where I currently live are subsidized, meaning that return on investment for me is actually quite high.

If I am successful in this endeavor, my purpose will then become to also invest in the Bitcoin community.  I will also be confident in being able to repay larger loans for even better equipment.

I just need to be able to get started, and I don't want to play the banksters' reindeer games.  I have confirmed my identity, phone number and PayPal account with BTCJam.  I am unable to confirm my address, because none of the utilities are in my name, nor does my license match my current address (basically, I'm living in a flophouse -- this is why my expenses are so low).

Please allow me to serve you, and to serve the Bitcoin/othercoins communities.

In gratitude,
Will

lol ... Are you had loan too at Btcjam.com. After you have scammer other people in this forum.

untrusworthy people 

No.

Disclosure is possible for older loans, our terms allow that.

All loans before 3/30/2013 cannot be disclosed or arbitrated, right?

We have negotiated a special fee for BTCJam since most of the process can be streamlined via API.

This may be an internal item you don't want to disclose, but what about cases where the outstanding debt is less than the arbitration fees?  Will BTCJam just pay the debt or still seek arbitration?

BTCJam.

Tulkas, so who pays for the arbitration?

Arbitration no.

Document disclosure, under review, but it seems we can do under brazilian law accordingly to our lawyer

Can you retroactively do that (per the terms)?  What about arbitration for non-defaulters?

All loans made after 03/30/2013 are subjected to the new terms: identity disclosure and arbitration for defaulters.

Anyone having an issue with verification? Ive had an address request being verified for about a week now, ID and such was done in hours

Corrected. it happens when during the payment the exchange rate changes for mtgox linked loans. will keep it fixed during the 30s the transaction lasts.