Bitcoin Forum

Please see this thread: https://bitcointalk.org/index.php?topic=153595.0

Thanks,
MAC

What makes you so solid of a place to invest $20,000? 

My reputation and payment history are solid. Which, on BTCjam, it's all you have. I have verified everything possible and do have a solid history. I have nothing to hide and have other private funding sources available to me as well. In addition I have my own coin and do also have plenty of assets to back up my loans if there ever were to be a problem.

Thanks, and best of luck to you...

Absolute verification of who you are will not stop you from refusing to pay back the loan, either on purpose or as a result of an accident, bad investment or other disaster.  $20,000 is the right amount of money to gamble on someone actually taking you to court over it.  No one has done that yet.

Just my two cents.   :-X

You are correct that 20k is worth going to court over. But I am not here to screw anybody and I won't default on my debt. So from my perspective I am not worried about anything.

If it doesn't fund I'll re-list the loan for a lesser amount. The great thing about BTCjam is that multiple people can collectively help each other out by contributing to the loan what they have or feel comfortable with. I tried to get this loan last week and it didn't work.

I understand that the price is way up and because of that I doubt it will fund either. I may end up having to reach in my own pocket. But, if there are enough people out there looking to place some of their hard earned coins for a profit than they are welcome to invest in the loan.

Thanks for discussing this with me. I do appreciate your opinion and input.

what a crappy return rate. im offering 8% on 22LTC for someone in 2 months

I agree. Your loan rates are all over the place. It appears you offered much larger returns to build your reputation dropped them now that you have some built up. I'm really surprised your BTC300 was funded tbh.

$300 not bitcoins LOL

He's in the trust building stage of his Ponzi.

haha you guys are hilarious

ask Eisenhower34, I showed him SOME of my balance sheets
https://bitcointalk.org/index.php?action=profile;u=23622

Haha, I was refering to Mac, 420. I was looking over his past loans on btcjam. Pretty sure I wouldn't be working with you if i didn't trust you  :P

I don't understand why you have 300 BTC loan and a 450 BTC loan going at the same time.  Personally, I don't think your loan history adds up to me trusting that you will pay back 750 BTC.  

You do have a positive loan history, with a 150 BTC, 100 BTC, 50 BTC, and smaller loans paid back. So far you have paid out a little over 14 BTC in interest.  The way I see it, you could run off with 736 BTC of "profit" (read = scammed) very easily and make quite a bit of money given the current trading price.

I did however, invest in you 10 BTC loan which i'm sure you will pay back that way it doesn't look bad and push people away from the bigger loans.


Oh and plus your post count here is almost as low as mine. I wouldn't expect anyone on this board to lend me a single BTC given my lack of participation in the forum.

MAC is legit. He's a trusted borrower on the secret ”other” site. (Don't PM me about it)

He's a trusted borrower according to a few people, but there is still the risk of him running with the coins.

Yes my rates were higher initially in order to get some smaller loans funded and to establish a reputation. They seem to be all over the place because I slowly have built them up.

As for my return, it's per month! not per term of the loan. I am paying less because I am established and trusted and honestly could come up with the funds myself if I had to.

I repaid 273 bitcoins in the last few days to my investors on BTCjam. When those loans were taken out the investors would have paid anywhere from 11-13 per coin. So they made a considerable return on their investment.

If I were a scammer I would not have repaid those loans. The 300btc loan currently active has two payments left on it. So, technically I have only 200 borrowed right now.

Simply not true.  Scammers will sometimes repay original loans to gain trust for larger loans which they will not pay back.
https://bitcointalk.org/index.php?topic=75742.0

I appreciate the feedback you've all provided. I did delete the loan and re-listed for only 200btc @ 4.25% and reduced the loan duration from 90 days to 60 days. If it funds on the 20th I will only have had half the funds for three weeks as the first payment will be due on the tenth of the following month. This essentially means the the first months return is closer to 5.6% on the first half of the borrowed amount. I did state a bit more of what I am doing with the coins borrowed as well (I fund this to btcQuick).

I understand that the people on the forum are very skeptical and are unlikely to loan to me for that reason. I still felt like I should update this thread so you all knew what I was doing, and why.

Might want to update the link in the OP? I like BTCJAM's 404 error page through :D