I've been using btcjam for a while and of course I've had some default loans (who hasn't).
I'm following the topic "[ANN] BTCJam - Peer to Peer Bitcoin Lending" for a while now and I too am whaiting for a response from Tulkas on two important questions:
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1) How do I convert this official piece of paper into actual recovered bitcoins in my wallet? Do I need to send a copy of the arbitration award to some legal entity somewhere?
2) Now that I have been officially given the debtors' identity information as part of the arbitration process, can I contact them without violating BTCJam's Terms of Service?
2) Now that I have been officially given the debtors' identity information as part of the arbitration process, can I contact them without violating BTCJam's Terms of Service?
I think maybe it's time to stop waiting for a response from btcjam en try to take legal actions.
I've got some questions and ideas. First one: I think it's a good idea to centralize all of the arbitrated loans in one place, a website, sorted by identity, country, etc. That way, we know which people are big debtors and in which country's they are.
Second, I'm looking for someone with juridical knowledge or valuable connections to stand up and look for the possibilities to collect the money through a collection agency who is willing to try and collect bitcoins.
First question: Am I making major thinking errors? Is this idea ridiculous because of certain things I'm forgetting?
Second: who is willing and able to make an easy website for collecting arbitration award? I'm thinking of a simple form where everybody can upload their arbitration award and fill out name en details of the parties?
Please let me know what you guys think.