You'd be surprised.  In order to get a decent rating, and therefore a loan, they have to provide quite a bit of information.  If they default, that information is turned over to the creditors.

But, even before they default, you'd be surprised how much information can be easily found on someone.

Scroll through any of the current Scammers listed on BTCJam Scam from "Automated BTCJam ScamScan" - All of this information was found WITHOUT the site turning it over.  Some of them have quite a bit of public information.

I am adding the ability to edit existing postings with any of the missing fields.  Feel free to go through and update them with further identifying information if you can.  I'll report back here once that feature is fully added.


For the purposes of BTCJam Scam a Scammer is someone who is behind on their payment by 30 days (or more) and is not communicating with their creditors OR someone who has defaulted.

Feel free to post the information you have on that note, and I can try and add more identifying information after your initial posting.


You sound like one of the good borrowers, for that, I thank you.  When honest people borrow money, the site is a great benefit to the Bitcoin community.

That said, let me start off with saying this:  Don't default.  If you get in to trouble financially, communicate, and work it out with the creditors.

To answer your question, the loans are legally binding, once you default they are sent to Arbitration.  Once arbitration is awarded in favor of the lenders, they can file judgements within a local court in your area and begin collections.  Obviously, laws, circumstances, and outcomes all dictate how much, if any, would be recovered - but it's still a tarnishing event regardless.


This depends, BTCJam has loans that are fully in Bitcoin.  Meaning if you borrow 1 BTC, you'll owe 1 BTC (plus interest) regardless of it's future value.  BTCJam also has loans that are tied to the current Bitcoin price.  So if you borrow 1 BTC, which at the time is worth $650, you'll owe $650 USD (plus interest) in whatever value of Bitcoin that is at the time of payment.

Hope this helps clear that up.

Hey Lenders,

For those of you who use BTCJam, I've put together a site that allows lenders to submit those who are failing to meet their payment obligations or have defaulted.

BTCJam Scam http://btcjamscam.com

You can submit your note information, as well as any information you can find on the Scammer. This allows public shaming and, with good SEO, should cause their scam to show up when people Google their real name (so long as you actually have their real name). It can also potentially stop others from getting scammed by the same user.

You can search by their Username, Real Name, Email, etc. Submitting a scammer is easy and the form provides a lot of built in identification fields (which are optional), it also allows you to provide an "offer" to the scammer for settling the debt.

We all know BTCJam can be great - but we need to protect ourselfs and impose steep penalties for defaulting.

Any questions, comments, or feedback, please do let me know!

Happy Loaning!

Hey Lenders,

For those of you who use BTCJam, I've put together a site that allows lenders to submit those who are failing to meet their payment obligations or have defaulted.

BTCJam Scam http://btcjamscam.com

You can submit your note information, as well as any information you can find on the Scammer. This allows public shaming and, with good SEO, should cause their scam to show up when people Google their real name (so long as you actually have their real name). It can also potentially stop others from getting scammed by the same user.

You can search by their Username, Real Name, Email, etc. Submitting a scammer is easy and the form provides a lot of built in identification fields (which are optional), it also allows you to provide an "offer" to the scammer for settling the debt.

We all know BTCJam can be great - but we need to protect ourselfs and impose steep penalties for defaulting.

Any questions, comments, or feedback, please do let me know!

Happy Loaning!

bitpop,

I've created a new site dedicated to this sort of collection process and reporting.  I'd love it if you would take a look, provide feedback, and add your mentioned loans/scammers to the site.

Understand that I just put the site together, so it should be treated as BETA.

Again, I appreciate the feedback!

Site:  BTCJam Scam - http://btcjamscam.com

Thanks!

I'd like to report that Bitcoin Bourse has delisted the fraudulent security and is assisting in the investigation.

I'd like to publicly thank Bitcoin Bourse for their cooperation and assistance!

Not a problem!

Also, further verification (at the request of Bitcoin Bourse):  http://cosign.co.in/bitcoinbourse.txt

Message:
Bitcoin Talk (bitcointalk.org) user "wrayjustin" is the Founder and Owner of CoSign Coin (http://cosign.co.in).

CoSign Coin news and information can be found on Twttier @CosignCoin.

Valid contact information can be found at http://cosign.co.in/help/

Thanks,
Justin

Address:  1CJPF2cgodpbRof7FTg6UsQZyuGud1LE9i
Signature:  IFyp1Z8v1PlkIjih7U++ZNoPgXcyMg8bHcT2MPSbZnBFj1d8VsIwJS9Kcsi+mD2JRSxWDdXOtn7csk6O2nUnrqA=

And the train keeps on rolling.

My link:  http://qoinpro.com/c2e1287440188079ae121f1442bb537a

URGENT

It has come to my attention that "shares" of CoSign Coin are being offered for sale on bitcoinbourse.eu.

CoSign Coin is NOT offering any such IPO or Shares.  It has been requested that the fraudulent listing be removed as soon as possible.

Please note that someone using the name of "Tauheed Epps" and using the email address of "cosignnamepay@gmail.com" is pretending to be an authoritative source for CoSign Coin - this is not the case.

Please find valid contact information on the CoSign Coin website:  http://cosign.co.in/help

Thank You,
Justin
CoSign Coin Founder

URGENT

It has come to my attention that "shares" of CoSign Coin are being offered for sale on bitcoinbourse.eu.

CoSign Coin is NOT offering any such IPO or Shares.  It has been requested that the fraudulent listing be removed as soon as possible.

Please note that someone using the name of "Tauheed Epps" and using the email address of "cosignnamepay@gmail.com" is pretending to be an authoritative source for CoSign Coin - this is not the case.

Please find valid contact information on the CoSign Coin website:  http://cosign.co.in/help

Thank You,
Justin
CoSign Coin Founder

URGENT

It has come to my attention that "shares" of CoSign Coin are being offered for sale on bitcoinbourse.eu.

CoSign Coin is NOT offering any such IPO or Shares.  It has been requested that the fraudulent listing be removed as soon as possible.

Please note that someone using the name of "Tauheed Epps" and using the email address of "cosignnamepay@gmail.com" is pretending to be an authoritative source for CoSign Coin - this is not the case.

Please find valid contact information on the CoSign Coin website:  http://cosign.co.in/help

Thank You,
Justin
CoSign Coin Founder

URGENT

It has come to my attention that "shares" of CoSign Coin are being offered for sale on bitcoinbourse.eu.

CoSign Coin is NOT offering any such IPO or Shares.  It has been requested that the fraudulent listing be removed as soon as possible.

Please note that someone using the name of "Tauheed Epps" and using the email address of "cosignnamepay@gmail.com" is pretending to be an authoritative source for CoSign Coin - this is not the case.

Please find valid contact information on the CoSign Coin website:  http://cosign.co.in/help

Thank You,
Justin
CoSign Coin Founder

Announcement:

CoSign Coin recently added the ability for users to connect via a TOR Hidden Service or I2P Eepsites

     TOR Access:  http://cosign.co.in/faq/#TOR
     I2P Access:  http://cosign.co.in/faq/#I2P

Why is CoSign Coin Offering Darknet Access?:

We believe many people have legitimate reasons for staying anonymous. It’s not our right or desire to interfere with such wishes. Sadly, many equate anonymous actions with illicit actions, but that just isn’t the case. While we want people to use our services for legitimate and legal transactions, we also understand that they may desire to stay anonymous while doing so.

While CoSign Coin, and any website for that matter is available through the exit nodes (TOR) and out proxies (I2P), offering a Hidden Service further simplifies the process and offers a greater level of security and privacy. It is important, however, for such users to understand the anonymity that Bitcoin provides, and ensure they are protecting their Bitcoin addresses, as well.

About CoSign Coin:

CoSign Coin is a Multi-Signature based Escrow service, protecting your funds from theft, by malice or fraud!

CoSign Coin is a "Trustless Escrow," you never provide your funds to the escrow. Instead, keeping the funds in a Multi-Signature wallet (BIP-0011 & BIP-0016), which the Sender (Buyer), Recipient (Seller) and CoSign Coin (Escrow) are parties. But releasing the funds requires two of the three parties agreement.

More information can be found in the Frequently Asked Questions (FAQ).

We hope you enjoy your visit to our site and hope to see you as a customer soon!

Be sure to checkout the new Live Chat and Classified Ads section!

You can find more information within the FAQ: http://cosign.co.in/faq/

If you have any questions or feedback, please do let me know!

Happy Coining!

Hello BitcoinTalk,

I'd like to introduce to you http://cosign.co.in

CoSign Coin is a Multi-Signature based Escrow service, protecting your funds from theft, by malice or fraud!

Don't trust another escrow service with your funds, store them in a multi-signature wallet, only releasable with multi-signature transactions.

Some plans for the future:

• Crowd-Source Dispute Analysis
• API for Wallet Software Integration

Fees:

• Standard: 1%
• Disputed: 3%

You can find more information within the FAQ: http://cosign.co.in/faq/

If you have any questions or feedback, please do let me know!

Happy Coining!