Author

Topic: BTCJam Loan Need Investors (Read 2028 times)

sr. member
Activity: 490
Merit: 250
November 30, 2014, 05:49:16 AM
#20
oh, okay. now i understand what you mean. even me would not go to the court for 0.01btc....

Then its better to save btcs and then to realize projects? or to have i dont know, if you lending 10 btc, to have 7 on a escrow as colletaral?
but right now im not searching for a loan, so for me can this topic closed.

cheers
hero member
Activity: 686
Merit: 500
November 29, 2014, 03:41:24 PM
#19
Did you even look what colletaral they have from me?
My account is linked to everything, and they got my id's.
Even if i dont invest the 25 BTC i can pay it back every week....

They don't have any collateral from you.

All they have is your identity, and a default judgement against you should you default.  But not too many people are willing to go to court for something like 0.1btc.  So you get away with zero consequences.
This is why btcjam's p2p lending model is beneficial to scammers. With fiat based p2p lending sites the site will go after the defaulted loans for the entire loan balance. With btcjam the individual lenders will receive evidence of their debt in the event of a default they can take to court. The former is much more cost efficient.

I don't see any reason why btcjam works this way other then they are trying to benefit scammers
sr. member
Activity: 490
Merit: 250
November 29, 2014, 08:31:37 AM
#18
Yeah, i understand now what it means to have collateral.

Cheers
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
November 29, 2014, 08:27:54 AM
#17
Did you even look what colletaral they have from me?
My account is linked to everything, and they got my id's.
Even if i dont invest the 25 BTC i can pay it back every week....

They don't have any collateral from you.

All they have is your identity, and a default judgement against you should you default.  But not too many people are willing to go to court for something like 0.1btc.  So you get away with zero consequences.
sr. member
Activity: 490
Merit: 250
November 29, 2014, 08:09:12 AM
#16
Everyone of them was refunded:

37b469ad015bbb57578f210497f12e134b15e8a36300c1be668a654fb18efe13

dd164e02b16a6a3d647858afbda8dc6a53f740647b437951876de7df4b9b8471

377edbd7e804d15e0682f996e01ba41d1330ba8eee49031081efcd284f9afc04

Cheers
member
Activity: 85
Merit: 10
November 25, 2014, 08:14:29 AM
#15
Its nice that you creat multiple accounts to say im a scammer

Revealed aka angrysuey aka or i shoild say shinep.

you missed hakis and katoman, lol
sr. member
Activity: 490
Merit: 250
November 25, 2014, 08:09:20 AM
#14
Its nice that you creat multiple accounts to say im a scammer

Revealed aka angrysuey aka or i shoild say shinep.
sr. member
Activity: 490
Merit: 250
November 25, 2014, 08:04:35 AM
#13
At first: read the posts befor you say im a scammer. Hope you can and learn it in the school.
SECOUND: the loan was cancelled becaus what happens, id would be imposible for me to pay it back right now in thsi situation.
member
Activity: 85
Merit: 10
November 25, 2014, 08:02:55 AM
#12
The scumbag has closed the listing now. lol

RUN.....
member
Activity: 85
Merit: 10
November 25, 2014, 07:52:39 AM
#11
Bad news for you investors.  Sad

This guy seems to be a known scammer in litecointalk world.
https://litecointalk.org/index.php?topic=23297.0

You have been warned, dont come crying to the mama later. Smiley
sr. member
Activity: 490
Merit: 250
November 24, 2014, 04:05:54 AM
#10
6% reached Smiley

64% to go...

Black Friday is coming, hope i reach my goal. now you can get shares for 2,64$/Mh/s....
sr. member
Activity: 490
Merit: 250
November 20, 2014, 12:06:55 AM
#9
Hi,

i understood what you mean. I wrote yesterday BTCJam an email, to add my Bank for verification, dont know why thers not an option to verify german banks right now.

Next time i will put a picture with my ID and a paper where is my Bitcointalk UserName showen up.

I dont belive that i will get the loan, i mean its not really nessesary, it was just a calculation from me to reach a my goal earlyer.
Now i will just wait till the 1st od December, when i dont got the Loan from BTCJam i go here to my Bank and get the Loan from them.

May it would be better if i had started wit 0,5 BTC and made it 5-8x times to build up trust, but it would take few months and then its not more nessasary to get a loan of 25 btc or what ever.

I got an intership begining next year over my University as an Petroleum Engineer, the salary is big, so i would have enough to spend without a loan.
Just i said it was a try because i read that someon did the same before me and reach his goal 3-4 months earlyer.

Sorry for my written english (im not nativ) its early in the morning ;-)

Cheers

PS: i love this community Cheesy

and is there a marktplace like ebay but where you can pay with cryptocurencys`? I have and rar old scotch i want to sell, may i got with this my btc´s ;-)

thanks
thy
hero member
Activity: 685
Merit: 500
November 19, 2014, 11:18:15 PM
#8
really? yeah i take 25 BTC and run away with them.

Did you even look what colletaral they have from me?
My account is linked to everything, and they got my id's.
Even if i dont invest the 25 BTC i can pay it back every week....

-.-

and i got many reputation at licointalk or ltcgeartalk....
That is not collateral your speaking of, its just pictures of documents and information about an identity that you have verified on btcjam that may or may not be yours and that could or could not be usefull in the process of recovering bitcoins in the event that a loan would become defaulted, i doubt that btcjam has your actual ID's, they would rather have high definition images of them.

A real collateral would be if you had deposited 50 000 litecoins on a adress belonging to btcjam or if you had send btcjam a 250 gram gold bar or something like that but thats not the way it works. At the moment there is no good option for borrowers to offer real collateral for loans on btcjam.

and about 25 btc beeing a small amount, there has been cases where people have failed to pay back a loan of 0.01 btc or less, it's rare but it has happend before.

What you could do is work on improviing your profile further and make sure your loans descriptions is good to increase members trust gradually over time.
sr. member
Activity: 490
Merit: 250
November 18, 2014, 06:44:36 PM
#7
Thanks Smiley
full member
Activity: 196
Merit: 100
November 18, 2014, 11:15:11 AM
#6
Wishing you got your investors, dude. Grin
sr. member
Activity: 490
Merit: 250
November 18, 2014, 09:55:59 AM
#5
really? yeah i take 25 BTC and run away with them.

Did you even look what colletaral they have from me?
My account is linked to everything, and they got my id's.
Even if i dont invest the 25 BTC i can pay it back every week....

-.-

and i got many reputation at licointalk or ltcgeartalk....
member
Activity: 70
Merit: 10
Bitcoin-Police - Your friend and helper
November 18, 2014, 09:44:40 AM
#4
Hello Community,

i need investors Smiley
All details can be seen at this link:

https://btcjam.com/listings/28044-ltcgear-shares-investment

Bonus for all Members which supports me and when i get the Loan will be recive (based on the investment) shares after the next Multiplikation, i will split 10k shares.

And for the 5 highest Investments i will send each 1BTC when i reach my ROI (8-12weeks after the Loan is granted)


Thanks for your support.

Cheers
Deki

SCAM-POTENTIAL = 75%

Proceed with extrem caution!
sr. member
Activity: 490
Merit: 250
November 18, 2014, 09:29:56 AM
#3
i change it. new link Smiley

cheers
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
November 18, 2014, 08:56:50 AM
#2
As far as I see the listing is closed. But this big amount wouldn't be funded anyway, not as your first loan.
sr. member
Activity: 490
Merit: 250
November 18, 2014, 05:11:50 AM
#1
Hello Community,

i need investors Smiley
All details can be seen at this link:

https://btcjam.com/listings/28048-ltcgear-asic-shares

Bonus for all Members which supports me and when i get the Loan will be recive (based on the investment) shares after the next Multiplikation, i will split 10k shares.

And for the 5 highest Investments i will send each 1BTC when i reach my ROI (8-12weeks after the Loan is granted)


Thanks for your support.

Cheers
Deki
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