Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 81. (Read 204975 times)
Great indication of how much I trust OTC ratings..
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
This user has two loans which are now overdue on payments.
https://btcjam.com/users/25
I want to see how this handled he has over due pays and they have his docs, how this is handle will determine if many people use the site or no one uses it, let see if the right choices are made.
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)
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
This user has two loans which are now overdue on payments.
https://btcjam.com/users/25
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.
lent some btc and 5 payments due October 1st, 0 paid back so far...yay!
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
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?
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
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
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?
It only takes one time to login in with tor to get the tor symbol and I hope they log ips of borrowers.
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?
Can you add if the some of the information is pending
This is my thought exactly, Would it be better if a lender was here on this forum requesting I.D. than to trust a 3rd party to go debt collecting?
Put in 15, Was going to test the waters, Taken out 15 (I needed short term), Received 14.995 with 0.004 in BTCjam (0.001 gone?), cant withdraw as its too low, so i'm haveing to put in 0.496 to make 0.5 BTC to see if it can come out, Which cost me 0.0005 Fee, So faw without doing anything It has cost me 0.0015.
EDIT - So when that cleared I tried sending myself the 0.5BTC and guess what, I only got sent 0.495 leaving 0.0045 in BTCjam that I cant take out, This is a bad way to do business.
EDIT also, It did say "invalid transaction request" each time but still sent the BTC.
Put in 15, Was going to test the waters, Taken out 15 (I needed short term), Received 14.995 with 0.004 in BTCjam (0.001 gone?), cant withdraw as its too low, so i'm haveing to put in 0.496 to make 0.5 BTC to see if it can come out, Which cost me 0.0005 Fee, So faw without doing anything It has cost me 0.0015.
EDIT - So when that cleared I tried sending myself the 0.5BTC and guess what, I only got sent 0.495 leaving 0.0045 in BTCjam that I cant take out, This is a bad way to do business.
EDIT also, It did say "invalid transaction request" each time but still sent the BTC.
I'm sorry for your trouble.
The bitcoin network charges a fee for small transactios, there is no withdraw fees from our side. If the system charged you the wrong transaction fee we will return your 0.0005, I will check the logs and get back to you.
You have again read my question wrong, I shall write more clearly, I am aware of the 0.0005 BTC that is the network fee, When I withdrew 15BTC I recieved 14.995 with 0.004 still in the BTCjam account, So there is 0.001 missing. Was this a network fee for sending back?
Why can I not get the 0.004 out of BTCjam? When I withdrew 15 why did this small amount stay in the account? Why does every transaction come with "error, Invalid transaction request.
This is my thought exactly, Would it be better if a lender was here on this forum requesting I.D. than to trust a 3rd party to go debt collecting?
Put in 15, Was going to test the waters, Taken out 15 (I needed short term), Received 14.995 with 0.004 in BTCjam (0.001 gone?), cant withdraw as its too low, so i'm haveing to put in 0.496 to make 0.5 BTC to see if it can come out, Which cost me 0.0005 Fee, So faw without doing anything It has cost me 0.0015.
EDIT - So when that cleared I tried sending myself the 0.5BTC and guess what, I only got sent 0.495 leaving 0.0045 in BTCjam that I cant take out, This is a bad way to do business.
EDIT also, It did say "invalid transaction request" each time but still sent the BTC.
Put in 15, Was going to test the waters, Taken out 15 (I needed short term), Received 14.995 with 0.004 in BTCjam (0.001 gone?), cant withdraw as its too low, so i'm haveing to put in 0.496 to make 0.5 BTC to see if it can come out, Which cost me 0.0005 Fee, So faw without doing anything It has cost me 0.0015.
EDIT - So when that cleared I tried sending myself the 0.5BTC and guess what, I only got sent 0.495 leaving 0.0045 in BTCjam that I cant take out, This is a bad way to do business.
EDIT also, It did say "invalid transaction request" each time but still sent the BTC.
I'm sorry for your trouble.
The bitcoin network charges a fee for small transactios, there is no withdraw fees from our side. If the system charged you the wrong transaction fee we will return your 0.0005, I will check the logs and get back to you.
This is my thought exactly, Would it be better if a lender was here on this forum requesting I.D. than to trust a 3rd party to go debt collecting?
Put in 15, Was going to test the waters, Taken out 15 (I needed short term), Received 14.995 with 0.004 in BTCjam (0.001 gone?), cant withdraw as its too low, so i'm haveing to put in 0.496 to make 0.5 BTC to see if it can come out, Which cost me 0.0005 Fee, So faw without doing anything It has cost me 0.0015.
EDIT - So when that cleared I tried sending myself the 0.5BTC and guess what, I only got sent 0.495 leaving 0.0045 in BTCjam that I cant take out, This is a bad way to do business.
EDIT also, It did say "invalid transaction request" each time but still sent the BTC.
Put in 15, Was going to test the waters, Taken out 15 (I needed short term), Received 14.995 with 0.004 in BTCjam (0.001 gone?), cant withdraw as its too low, so i'm haveing to put in 0.496 to make 0.5 BTC to see if it can come out, Which cost me 0.0005 Fee, So faw without doing anything It has cost me 0.0015.
EDIT - So when that cleared I tried sending myself the 0.5BTC and guess what, I only got sent 0.495 leaving 0.0045 in BTCjam that I cant take out, This is a bad way to do business.
EDIT also, It did say "invalid transaction request" each time but still sent the BTC.
Getting to grips with this site now, Looking good, I have 2 points if I may, Firstly, With people that "verify" themselves with you then run off with BTC, What (if anything) do you do? Secondly, As regards deposit addresses, Someone already asked what would happen if an old address was used, you said it might not work, and you cant guarantee anything, This does sound scammish as you have the address in the first place so it would just go to you, Can you setup a permanent address per account? and just ask for new withdraw address each time?
regards
squall1066
regards
squall1066
About the procedures, it was already explained on this thread, summing up: the verification procedure prevents scammers of creating multiple high scored accounts, we are also talking with experian at this very moment to implement collection procedures, but it involves some legal aspects that are being addressed by our lawyer, news soon.
To add funds to your account you must click "add funds" and use the address provided. This is the only method right now. We plan to provide other funding methods, i'm sorry for the inconvenience. You can also suggest and vote for features at the user voice widget on our landing page.
You cant stop the scammers even with full verification. It does lessen the incidence but not by much.
Getting to grips with this site now, Looking good, I have 2 points if I may, Firstly, With people that "verify" themselves with you then run off with BTC, What (if anything) do you do? Secondly, As regards deposit addresses, Someone already asked what would happen if an old address was used, you said it might not work, and you cant guarantee anything, This does sound scammish as you have the address in the first place so it would just go to you, Can you setup a permanent address per account? and just ask for new withdraw address each time?
regards
squall1066
regards
squall1066
About the procedures, it was already explained on this thread, summing up: the verification procedure prevents scammers of creating multiple high scored accounts, we are also talking with experian at this very moment to implement collection procedures, but it involves some legal aspects that are being addressed by our lawyer, news soon.
To add funds to your account you must click "add funds" and use the address provided. This is the only method right now. We plan to provide other funding methods, i'm sorry for the inconvenience. You can also suggest and vote for features at the user voice widget on our landing page.
This was not my question, I am not inconvenienced by this, I know how to add funds, I'm asking would it be better for a static deposit address, As any payments made to a old address will just go to you.
also I was not aware of a 0.001 fee for withdrawing money.
regards
squall1066
Re deposit addresses:
No. it will change every time you use it.
What happens with sending to old addresses? i.e. if I send BTC to a previously-used address, will it still reach my btcjam account? Or do I *have* to use the latest address?
Just wondering if I can set up a single "deposit" address in my wallet for quick sending.
No. it will change every time you use it.
What happens with sending to old addresses? i.e. if I send BTC to a previously-used address, will it still reach my btcjam account? Or do I *have* to use the latest address?
Just wondering if I can set up a single "deposit" address in my wallet for quick sending.
It will work for short periods of time but its not recommended and we cannot guarantee deposits made that way will work.
I think assigning a static address to the lenders has a lot of benefits. Besides being able to send money to your own account, it would be easy to set up the repayment system to automatically take any repaid BTC sent to it and split it up among the lenders to the same addresses the loan originally came from. If you end up supporting multi-signature transactions, this will be essential.
Thanks for the inputs! Good points, we will get back to you folks on that!
Getting to grips with this site now, Looking good, I have 2 points if I may, Firstly, With people that "verify" themselves with you then run off with BTC, What (if anything) do you do? Secondly, As regards deposit addresses, Someone already asked what would happen if an old address was used, you said it might not work, and you cant guarantee anything, This does sound scammish as you have the address in the first place so it would just go to you, Can you setup a permanent address per account? and just ask for new withdraw address each time?
regards
squall1066
regards
squall1066
About the procedures, it was already explained on this thread, summing up: the verification procedure prevents scammers of creating multiple high scored accounts, we are also talking with experian at this very moment to implement collection procedures, but it involves some legal aspects that are being addressed by our lawyer, news soon.
To add funds to your account you must click "add funds" and use the address provided. This is the only method right now. We plan to provide other funding methods, i'm sorry for the inconvenience. You can also suggest and vote for features at the user voice widget on our landing page.
Getting to grips with this site now, Looking good, I have 2 points if I may, Firstly, With people that "verify" themselves with you then run off with BTC, What (if anything) do you do? Secondly, As regards deposit addresses, Someone already asked what would happen if an old address was used, you said it might not work, and you cant guarantee anything, This does sound scammish as you have the address in the first place so it would just go to you, Can you setup a permanent address per account? and just ask for new withdraw address each time?
regards
squall1066
regards
squall1066
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