Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending - page 84. (Read 204975 times)

Thanks, I just tried it and it worked great for me.

The issue with the import OTC rating feature is now resolved.

Nice site! Very interesting, make sure to apply for Bitcoin Project of the month in October!

Keep your servers clean and prosper!

No. the purpose of the verification process is to prevent scammers from creating multiple high score accounts.

Our law firm is sorting this out with Experian but bitcoin is not very "vanilla" to these people.

Thank's for the input! Nice suggestions.

You can also take a look at the "feedback" widget, new features can get votes and you can follow the inplementation status

but your not going take any legal action or do anything on behalf of the lender?

memvola, tgmarks,

I'm sorry for the inconvenience with the OTC import, I will check that out.

Better, easier and hopefully the standard way is making it a Bitcoin URI. Both can be done though.


Tried again with no luck. The verification message is nil.

Has anyone been able to successfully import their OTC rating?

Great job, Tulkas!

I have some suggestions:
- Add a "copy" button in the window that appears the address for deposits;
- Add another verification method: Public Forum (like bitcointalk). Ex: +1 credit point if +100 posts and +1 if account is +6 months old. Or maybe just +1 for both. It would be proven with a post in the forum;
- Maybe +1 credit point for a Facebook/Linkedin Page.
Edit: - reduced fee for short term loans (something like <30 days)

Also I think you should emphasize the option of importation of OTC rating in your first post.

Looks like importing of OTC reputation is implemented, but I couldn't get it to work. The message decrypts successfully (i.e. it doesn't give a CRC error) to an empty message, which is of course not accepted by the site.

PM'd

I tried to make the phone verification, but something went wrong. It gave me an error warning.

Thanks, very reassuring. How about hot wallet / cold storage for when the business grows? Do you have a process in place to manage this?

Today we do a "soft" credit check , so it won't show on your record, its not automated and its basically a documental process. The "hard" credit check is underway (with Experian) i will update this thread with the progress.

Yes, the money equivalency is coming too, its more of a legal than a technical problem now, we have a law firm handling this, news soon..

Thank you!

Our servers are hosted on amazon AWS.
The database and bitcoin daemon files are persisted on a RAID-10 disk array over the already fault tolerant architecture
All the communication between the site and the client is ciphered (apart from the little listing purpose icons, we will transfer then to the same server later..), the app is configured to encrypt even the cookies on your machine
We know the concept of mutexes, multi-threaded environments and transactions (to prevent problems like these http://bitcoinmedia.com/bitcoinica-vulnerability-discovered/)
Backups: Hourly partial, daily full, monthly full
Log of transactions on different database

On a personal note I’ve worked previously at a large bank in charge of the X.400 data exchange and cipher software, also I've built systems for credit card companies to handle huge transaction loads on the past.

All the transfers are handled by our system, when the lender makes a payment, for example, the system automatically calculates and splits it to pay the multiple borrowers.

Apart from the Tor flagged one (its there basically to show off the functionality), all the listings are real, the first listing is mine, although I'm not really needing one and I'm not realy sure if i will buy the ASIC , i will surely repay the loan (i made it to keep the system running it was the first "hot", production environment listing)

This looks pretty good, in what countries are you able to do credit checks for?

EDIT: It would also be cool if you could borrow the equivalent amount for some currency (say USD) and pay back the equivalent amount in BTC to avoid exchange rate risk.

Excellent site and great idea.

Tell us as much as you can about your security measures please. Are the transfers handled through your site?

Also are all of the current listings on the site real?

Thanks!

The site is free for lenders, borrowers are charged a small fee (1%, will be lower as the user reputation increases), you can see the fee on the compose listing page, we are also working on a free model for zero interest loans.

Cool site! 

Are there any fees?  I couldn't find any info about that on your site.

If not, are you planning to monetize this or is this just a service for the community?