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Topic: Short Term Loan in btcjam 3.0 BTC - 100 % funded - verified user (Read 2056 times)

hero member
Activity: 798
Merit: 1000
Doesn't BTCjam use net-arb?  Or are those for bigger loans?

BTCJam takes all your documents and never releases them, even to arbitration.
Plus the lender has to pay for the arbitration process ($300 IIRC) of which they'll probably never see again either.

BTCJam know this, they've known this for a very long time. They just don't care because they get their cut.

Not true at all. You don't have to pay anything, and they do release the documents, but only the Addresses and such.
hero member
Activity: 644
Merit: 500
Inspired
Does BTCJam ever send these things off to arbitration? 
I've kept my eye on this one to see what BTCJam was capable of doing with the "documents" they collect.
sr. member
Activity: 252
Merit: 250
that is fucked up that is way it is hard for me to get a loan
sr. member
Activity: 938
Merit: 266
i got some identity emailed to me by this borrower (passport, credit card bill), which maybe other's identity.  although i think these are unuseful in claiming the btc back, just want to post something regarding this borrower.  is it ok to post here?
thy
hero member
Activity: 685
Merit: 500
Doesn't BTCjam use net-arb?  Or are those for bigger loans?

BTCJam takes all your documents and never releases them, even to arbitration.
Plus the lender has to pay for the arbitration process ($300 IIRC) of which they'll probably never see again either.

BTCJam know this, they've known this for a very long time. They just don't care because they get their cut.
I think your info on BTCjam is a bit outdated.
Btcjam releases all the info they have on the borrower to the lender, if the borrower defaults, 90 days after the loan should have been paid(at least thats what they say).
BTCjam should use arbitrage for all loans after the 30 mars i think it was if they defaults and BTCjam pays the cost for arbitrage, seems like BTCjam is a bit late in that process thou as it was very recently people started to get arbitrage info on defaulted loans.
I take for granted that BTCjam also have to do the following up at the borrowers country in cases where people refuses to pay after arbitrage has been done as it would be very cost inefficient if maby 20-30 lenders had to apply seperately.
sr. member
Activity: 336
Merit: 250
Cuddling, censored, unicorn-shaped troll.
Feedback is 100% on localbitcoins, and he's got all 6 green "yes" on btcjam.
I'm guessing the btctalk account is fake/hacked and has no relation.

Can anyone send a pm to localbitcoins and btcjam accounts and/or to site admins to make sure about that, please?
I'd hate successful scammers being also able to forcibly shut down legit same-name accounts on other sites.
legendary
Activity: 1736
Merit: 1029
Also I guarantee this scammer has a new username or three and is still scamming on bitcointalk.

Mind giving us them?  So we can be careful  Roll Eyes
donator
Activity: 1057
Merit: 1021
Also I guarantee this scammer has a new username or three and is still scamming on bitcointalk.
legendary
Activity: 1736
Merit: 1029
Sorry you got burned, man Sad

Also, BTCjam's certificate is expired, that's what chrome says.. o.O
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
Sorry you got burned, man Sad
hero member
Activity: 672
Merit: 500


I don't really think posts like these are useful. The loan seems legitemate enough, we'll see how it ends.

6 posts and asking for an additional loan before the first one is paid back. That's a classic double dip. There was nothing legitimate about it.

Yes, I know. I made that post before he made the second loan. Again, I regret my decisions.
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians


I don't really think posts like these are useful. The loan seems legitemate enough, we'll see how it ends.

6 posts and asking for an additional loan before the first one is paid back. That's a classic double dip. There was nothing legitimate about it.
legendary
Activity: 1736
Merit: 1029
Doesn't BTCjam use net-arb?  Or are those for bigger loans?

BTCJam takes all your documents and never releases them, even to arbitration.
Plus the lender has to pay for the arbitration process ($300 IIRC) of which they'll probably never see again either.

BTCJam know this, they've known this for a very long time. They just don't care because they get their cut.

Well, time to quit BTCJam...
sr. member
Activity: 938
Merit: 266
OP also hasn't visit his localbitcoin page, i don't know what happened to him.  is there a way to blacklist or leave negative feedback for him in localbitcoins?
hero member
Activity: 672
Merit: 500
Can't believe there are still idiots on BTCJam lending coins LOL

I-I-I'll just sit in a corner in shame for doing this loan ;_;
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
Can't believe there are still idiots on BTCJam lending coins LOL
legendary
Activity: 1736
Merit: 1029
Amazing!  He is now overdue for his loan.  And he got 2 of them on BTCJam that will never be paid back.  Please be more careful in the future.

Doesn't BTCjam use net-arb?  Or are those for bigger loans?
donator
Activity: 1057
Merit: 1021
Amazing!  He is now overdue for his loan.  And he got 2 of them on BTCJam that will never be paid back.  Please be more careful in the future.
hero member
Activity: 672
Merit: 500
He went dark just as soon as he got the loan. Hmm.

Hm, worrysome. I think he'll pay back though, he's a verified user, has good reputation on localbitcoins. Step 1 : Denial
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
He went dark just as soon as he got the loan. Hmm.
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