Is BTCJam legit? | Bitcointalksearch.org

marcovaldo

sr. member

Activity: 350

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on August 29, 2013, 12:01:23 PM

Quote from: cyclops on August 29, 2013, 11:56:58 AM

So what happens with the old investors, no more fee rebates? I imagine I can withdraw the coins I have in your site right?

The old site has shut down however the demo instance has been prefilled with real world data. The demo site functions exactly the same way as the "old site".

It is only a demo, and should not be seen as an investment.

Quote from: 🏰 TradeFortress 🏰 on August 29, 2013, 12:22:01 PM

Quote from: Dougie on August 29, 2013, 12:13:02 PM

Quote from: 🏰 TradeFortress 🏰 on August 29, 2013, 12:01:23 PM

It is only a demo, and should not be seen as an investment.

I hope that the demo is fully functioning. We shall see at 1am.

It is.

TradeFortress = owner of coinlenders.com

marcovaldo

sr. member

Activity: 350

Merit: 250

Quote from: twobitlolz on September 04, 2013, 04:44:54 AM

Quote from: marcovaldo on September 04, 2013, 04:19:57 AM

It's only for legal reason that it states that it is a demo, but as written, the demo is fully functionnal, and giving fee rebates every day for amount greater than 1 btc.

i can't quite place faith in a service that sports the disclaimer: "nothing is real." if that's true, and i fall into believing as much... i may cease to exist altogether.

i spotted two other threads discussing CL's recent status shortly after posting in this thread. it's funny how information tends to pop up around here.

Where?

All relevant threads are here: https://bitcointalk.org/index.php?board=65.0

Like https://bitcointalksearch.org/topic/coinlenders-script-bitcoin-bank-borrowdeposit-software-demo-available-283756
Or https://bitcointalksearch.org/topic/what-is-actually-going-on-with-coinlenders-open-discussion-283777

twobitlolz

member

Activity: 61

Merit: 10

Quote from: marcovaldo on September 04, 2013, 04:19:57 AM

It's only for legal reason that it states that it is a demo, but as written, the demo is fully functionnal, and giving fee rebates every day for amount greater than 1 btc.

i can't quite place faith in a service that sports the disclaimer: "nothing is real." if that's true, and i fall into believing as much... i may cease to exist altogether.

i spotted two other threads discussing CL's recent status shortly after posting in this thread. it's funny how information tends to pop up around here.

marcovaldo

sr. member

Activity: 350

Merit: 250

Quote from: twobitlolz on September 04, 2013, 03:27:45 AM

Quote from: marcovaldo on September 03, 2013, 04:33:29 PM

coinlenders.com is safer, and it has been working for months.

i heard CoinLenders went nonoperational recently -- i.e. the new "demo" warning on the homepage. any chance you can confirm firsthand that they're still chugging along?

It's only for legal reason that it states that it is a demo, but as written, the demo is fully functionnal, and giving fee rebates every day for amount greater than 1 btc.

twobitlolz

member

Activity: 61

Merit: 10

Quote from: marcovaldo on September 03, 2013, 04:33:29 PM

coinlenders.com is safer, and it has been working for months.

i heard CoinLenders went nonoperational recently -- i.e. the new "demo" warning on the homepage. any chance you can confirm firsthand that they're still chugging along?

favdesu

legendary

Activity: 1764

Merit: 1000

the site is legit, the users...

I invested as a test, and I have a baaad feeling already Cheesy

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

The site itself is legit however most of it's debtor's are not Undecided

aspeer2

newbie

Activity: 1

Merit: 0

This site is not scam. They have huge members all over the world.

monbux

legendary

Activity: 1736

Merit: 1029

Not that I know of. BTCjam has this rule for buyers:

3. International Arbitration
Any controversy or claim arising out of or relating to this contract, or the breach of this contract, shall be settled by binding internet arbitration at net-arb.com. The arbitrator's decision shall be final and legally binding and judgment may be entered thereon.

Not sure if it does it, But so far, invested in 10 people, almost half in which had no rep, got all of them back safely.

marcovaldo

sr. member

Activity: 350

Merit: 250

Quote from: Dante2007 on September 03, 2013, 04:28:17 PM

I'm also trying it ... I saw coinlenders.com and after reading that it was just an experiment I choose btcjam

coinlenders.com is safer, and it has been working for months.

Dante2007

newbie

Activity: 21

Merit: 0

I'm also trying it ... I saw coinlenders.com and after reading that it was just an experiment I choose btcjam

marcovaldo

sr. member

Activity: 350

Merit: 250

Quote from: Rawted on September 03, 2013, 04:24:23 PM

I've only loaned there, never borrowed. However i have to say it is one of the worst investment vehicles for your bitcoin. That place has just as many, if not more, scammers than this forum. I would not recommend using that service.

But you should not lend to anyone Roll Eyes

Rawted

hero member

Activity: 742

Merit: 500

I've only loaned there, never borrowed. However i have to say it is one of the worst investment vehicles for your bitcoin. That place has just as many, if not more, scammers than this forum. I would not recommend using that service.

marcovaldo

sr. member

Activity: 350

Merit: 250

You can read their thread: https://bitcointalksearch.org/topic/ann-btcjam-peer-to-peer-bitcoin-lending-112447
And probably find some reviews.

dbbit

sr. member

Activity: 322

Merit: 250

BTCJam asks for quite a bit of personal information in order to join.

They can obviously create havoc with this if either they're malicious, or just have bad security around their site.

Does anybody else have experience with BTCJam? Either from an investor perspective or loaner perspective?

Seems like the BTC equivalent of LendingClub, which is great, if it's legit.

Topic: Is BTCJam legit? (Read 919 times)