[ANN] BTCJam - Peer to Peer Bitcoin Lending - page 80.

Digigami

sr. member

Activity: 462

Merit: 250

Quote from: Tulkas on October 08, 2012, 08:18:22 PM

Quote from: Digigami on October 08, 2012, 04:59:01 PM

Quote from: Digigami on October 07, 2012, 02:30:43 PM

Does your system automatically report overdue accounts to you? Or where are we supposed to go report them?

This user has two loans which are now overdue on payments.
https://btcjam.com/users/25

.. Tulkas, I still await your response. As operator of the site are you going to actively push delinquent account holders to square up loans? Or is it up to the lenders themselves to try and enforce settlement? I can't find any information on the site for contingency when loans default.

I'm sorry, since this was already answered two times on this thread i forgot to answer.
One response here:
https://bitcointalksearch.org/topic/m.1223097

We are working right now in order to establish legal means to report this debit to collection agencies but for now and as our service policy states, the verification process intends to prevent scammers to setup multiple high scored accounts. We will notify all the lenders when we have updates. I can assure you this is our top priority right now.

I apologize, I missed where the situation was addressed before.

Tulkas

sr. member

Activity: 352

Merit: 250

Founder, BTCJAM

Quote from: Digigami on October 08, 2012, 04:59:01 PM

Quote from: Digigami on October 07, 2012, 02:30:43 PM

Does your system automatically report overdue accounts to you? Or where are we supposed to go report them?

This user has two loans which are now overdue on payments.
https://btcjam.com/users/25

.. Tulkas, I still await your response. As operator of the site are you going to actively push delinquent account holders to square up loans? Or is it up to the lenders themselves to try and enforce settlement? I can't find any information on the site for contingency when loans default.

I'm sorry, since this was already answered two times on this thread i forgot to answer.
One response here:
https://bitcointalksearch.org/topic/m.1223097

We are working right now in order to establish legal means to report this debit to collection agencies but for now and as our service policy states, the verification process intends to prevent scammers to setup multiple high scored accounts. We will notify all the lenders when we have updates. I can assure you this is our top priority right now.

Digigami

sr. member

Activity: 462

Merit: 250

Quote from: Digigami on October 07, 2012, 02:30:43 PM

Does your system automatically report overdue accounts to you? Or where are we supposed to go report them?

This user has two loans which are now overdue on payments.
https://btcjam.com/users/25

.. Tulkas, I still await your response. As operator of the site are you going to actively push delinquent account holders to square up loans? Or is it up to the lenders themselves to try and enforce settlement? I can't find any information on the site for contingency when loans default.

Tulkas

sr. member

Activity: 352

Merit: 250

Founder, BTCJAM

Quote from: 420 on October 08, 2012, 03:43:40 PM

Quote from: Vod on October 08, 2012, 03:06:43 PM

Quote from: 420 on October 08, 2012, 02:55:01 PM

just noticed "create automated plan" but it says "coming soon" after clicking...

I assume an automated plan will let an investor auto invest in a listing that meets a certain criteria.

i assumed it was for paying BACK investors

The automated plan will invest automatically.

420

hero member

Activity: 756

Merit: 500

Quote from: Vod on October 08, 2012, 03:06:43 PM

Quote from: 420 on October 08, 2012, 02:55:01 PM

just noticed "create automated plan" but it says "coming soon" after clicking...

I assume an automated plan will let an investor auto invest in a listing that meets a certain criteria.

i assumed it was for paying BACK investors

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: 420 on October 08, 2012, 02:55:01 PM

just noticed "create automated plan" but it says "coming soon" after clicking...

I assume an automated plan will let an investor auto invest in a listing that meets a certain criteria.

420

hero member

Activity: 756

Merit: 500

Does the system automatically paybacks loans when due if our account balance is over the payments due for the loan we took?

just noticed "create automated plan" but it says "coming soon" after clicking...

ercolinux

legendary

Activity: 938

Merit: 1000

In the payments section there is no record of the received payments: if you have only 2 or 3 investment maybe you can remember who is that have payed you, but if you have more is not so simple.
It should be possible to leave the payed investments in the list with the "Payed" status?

Tulkas

sr. member

Activity: 352

Merit: 250

Founder, BTCJAM

Quote from: Seal on October 08, 2012, 06:23:37 AM

Wishlist for the future when the business is more established: A graphical representation of my invested funds and returns... and also showing any defaulted payments so I can get an easy overview of how my investments are going and my ROI.

Thanks Seal, we will be adding this feature to the dashboard soon.

Tulkas

sr. member

Activity: 352

Merit: 250

Founder, BTCJAM

Quote from: sega01 on October 07, 2012, 11:43:13 PM

BTCJam is awesome! I've been investing on it for a couple days now and am very impressed. I've already had one payment back. On the whole it's very pretty, fast, and intuitive. I always wanted to see peer to peer lending and Bitcoin, and you've made it!

Thanks so much,
Teran

PS: It would be nice to see the user's Bitcoin-OTC details on the loan request details page :-).

Thanks!! I'm glad you liked it!

The bitcoin-otc details are comming, you can vote for this feature or request new ones on our uservoice gadget.

Seal

donator

Activity: 848

Merit: 1078

Wishlist for the future when the business is more established: A graphical representation of my invested funds and returns... and also showing any defaulted payments so I can get an easy overview of how my investments are going and my ROI.

sega01

sr. member

Activity: 391

Merit: 333

BTCJam is awesome! I've been investing on it for a couple days now and am very impressed. I've already had one payment back. On the whole it's very pretty, fast, and intuitive. I always wanted to see peer to peer lending and Bitcoin, and you've made it!

Thanks so much,
Teran

PS: It would be nice to see the user's Bitcoin-OTC details on the loan request details page :-).

420

hero member

Activity: 756

Merit: 500

Need to be able to link bitcointalk.org profile

boonies4u

hero member

Activity: 826

Merit: 1000

My loan has reached 100% completion, despite GLBSE shutting down. The service provided by BTCjam has been more than satisfactory. You have earned the closing fee! Don't spend it all in one place!

Tulkas

sr. member

Activity: 352

Merit: 250

Founder, BTCJAM

Quote from: Tifa1066 on October 06, 2012, 04:05:33 PM

I notice you display when users use Tor. Does this mean that you log I.P addresses? And if so, do you release that information when a borrower defaults?

Yes, the IPs are logged.

We do not plan to release any information directly to lenders, our policies are here: https://btcjam.com/legal/tos

The policy on personal data regarding borrowers will be detailed as we finish our setup with the debt collection agencies.

Tulkas

sr. member

Activity: 352

Merit: 250

Founder, BTCJAM

Quote from: ercolinux on October 07, 2012, 03:00:12 PM

Another bug (maybe): a listing with 100% of funding reached is still in "funding in progress"? I try to lend some other money but the residual amount is obviously 0. (https://btcjam.com/listings/58)

This is intentional, the listing its there because its not activated yet.

The "invest" button showing up its an error and will be removed (its not a backend problem as you cant invest anyway).

Tulkas

sr. member

Activity: 352

Merit: 250

Founder, BTCJAM

Quote from: Seal on October 07, 2012, 09:36:24 AM

Quote from: 420 on October 06, 2012, 09:07:10 PM

I'm willing to try this site

made a loan for 1BTC: https://btcjam.com/listings/98

i'll make an offer to any user with relatively high presence, if fund my loan i'll fund your loan 2x

<- High enough presence for you? I'm currently invested in 2 listings and would also like to see what creating a loan looks like.

I also have a feature request, can you add an automatic withdrawal to your pre-set address?

Hi, yes, can be done. Added the feature request to the uservoice gadget, so you can vote and follow the implementation progress.

Tulkas

sr. member

Activity: 352

Merit: 250

Founder, BTCJAM

Quote from: Vod on October 07, 2012, 01:59:40 PM

Quote from: Tulkas on September 28, 2012, 07:35:25 AM

Quote from: Liquid on September 28, 2012, 03:08:22 AM

I want to lend not borrow do i still need to improve my Credit Rating ?

No, you dont.

I've been a big promoter of btcjam but this has me worried.

What is to stop myself from creating throw away lender accounts, and funding my borrowing account a few times to build a good reputation? All it would cost me is 1%, and people would be much more likely to lend to me if they saw I had repaid larger amounts in the past.

You need to require some sort of verification for the lenders as well.

Thanks for your input! This is how "web of trust" reputation systems works, like bitcoin OTC for example. Thats why we use other verification methods.

Perhaps we can require some verification level in order to allow people to give ratings, good idea! Will implement that.

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: Digigami on October 07, 2012, 03:01:06 PM

Quote from: squall1066 on October 07, 2012, 02:51:56 PM

https://btcjam.com/listings/93

Great indication of how much I trust OTC ratings..

Hey, this borrower IS being totally honest Cheesy

420

hero member

Activity: 756

Merit: 500

it says someone funded my loan but there's nothing in my account.

Page says "Funding in progress" on my dashboard loans page

Does this mean someone pledged to loan but didn't have the funds in their account?

Nevermind. under dashboard click activate button

site charges 1%

Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 80. (Read 204975 times)