But maybe you need to take responsibility for not doing enough research on the people your loaning. I highly doubt ANY OTHER LOANING SITE WILL TAKE LEGAL ACTION ON BEHALF OF THERE USERS. I have yet to see this.
I don't know about all other loaning sites, but LendingClub.com will submit your default to credit agencies, ruining your credit score, and will transfer your loan to a collection agency, which will come after you hard. I believe that is what people expected BTCJam was going to do, based on them collecting credit report info, and claiming they will work to implement those types of actions too. Lending Club is also registered with the SEC and probably has more power than a btcjam could ever have since SEC has no control over bitcoin currency. |
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Of course bitcoins we aren't talking USD, this isn't USDtalk.org
A debt does not necessarily have to be denominated in USD for my comment to make sense. If a contract states that I am to give you a car, a house or a microwave oven that contract would be perfectly enforceable under US law (probably in any other countries as well). The court may require me to accept USD as repayment instead of the promised item, but that doesn't change anything. The real question would be whether the court considers the loan contract itself to be valid (which on btcjam is a big unknown, since the contract is never "signed" by anyone). There have been people that tried to take court actions with people who they have loaned bitcoins to, they were laughed out court. Do research it will help with your loaning as well  |
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But maybe you need to take responsibility for not doing enough research on the people your loaning. I highly doubt ANY OTHER LOANING SITE WILL TAKE LEGAL ACTION ON BEHALF OF THERE USERS. I have yet to see this.
It is stupid people like this that make sites like btcjam get a bad rep cause they can't do research on there own if the loan is a good one.
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Why do we need more full nodes? 70k nodes storing the EXACT same information across all of them isn't enough? I'd say that 700 would be enough myself... as long as the nodes cannot practically collaborate with each other, it would be fine...
Cause the more full nodes running the better protected the bitcoin network will be. The stronger it will be against attacks. Remember we are still a pretty small community, in another 3-5yrs we maybe under powered for the growth, so I think is good to start thinking about that now. Mining protects the network. The number of nodes does nothing more than verify that every node has the correct data. I don't see any attack vector involving the number of nodes except on those relying on them for lite clients. DDOS and protecting the quality of the data. |
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You have never taken any thing to court, try to take a loan to court and see what happens, they will laugh you out of the court house LMAO When someone is a little bit smarter, take time to read and learn don't argue with them.
You would do better to actually provide reasons *why* a loan would be laughed out of court. A loan in BTC is questionable, granted, but debts are taken to court every day. Of course bitcoins we aren't talking USD, this isn't USDtalk.org Your discussion techniques lack finesse. People are much more likely to listen to you if you present actual arguments instead of simply claiming that anyone who disagrees with you is an idiot.
Well read the thread we have talked at this at great lengths already, I hate to be repeating myself. |
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if you did an in person loan to a friend, they scam you and you can't just send it to a collection agency.
But I can (and will) take it to court. This option is denied to us by btcjam. They have the information required to go to collections or even to court but this information is withheld from the interested parties. You have never taken any thing to court, try to take a loan to court and see what happens, they will laugh you out of the court house LMAO When someone is a little bit smarter, take time to read and learn don't argue with them. |
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so nothing is gonna happen to all those scammers? i lost 15 bitcoins in total to the taxi dude and to the gold bar guy. (and 80 to pirate). might aswell scam my 100 lost bitcoins back if noone does jack shit.
Apparently not. The verification system is useless, since even people who are fully verified do not get chased upon default and the lenders are prohibited from taking any action themselves. Those two factors combined make the site too much of a risk for anyone who cares about their coins. In my mind btcjam should offer at least one of the following: - Enforcement options (collections; reporting the default to credit bureaus; etc) - Publish identity information for defaulting users - Allow lenders to pursue defaulting borrowers themselves By forbidding us from pursuing and also not doing anything themselves, btcjam has created a paradise for frausters... I'll be pulling out my coins and not extending any further loans until something changes. You clearly have no idea how P2P lending works. If you went to any other site, they wouldn't do anything else as well. There are laws. You have no clue about loaning out money, so maybe you should leave, and go educate yourself about it, even if you did an in person loan to a friend, they scam you and you can't just send it to a collection agency. |
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Why do we need more full nodes? 70k nodes storing the EXACT same information across all of them isn't enough? I'd say that 700 would be enough myself... as long as the nodes cannot practically collaborate with each other, it would be fine...
Cause the more full nodes running the better protected the bitcoin network will be. The stronger it will be against attacks. Remember we are still a pretty small community, in another 3-5yrs we maybe under powered for the growth, so I think is good to start thinking about that now. |
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Even if I set the router to static?
Yup, your router doesn't get to choose the IP it gets. wouldn't setting a static ip on the router, manually inputing the numbers, if the isp forces another ip, wouldn't I not be able to surf? no the ISP can override that stuff, on there end |
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What version of bitcoind? Was bitcoind doing anything at the time? Was it responsive (to a command like getinfo) while this was happening?
Bitcoind is 0.7.0 nothing, it could have been getting the lastest block, since both were on 210888 and when it went to 210889 that is when the issue started cause on armory in the corner it would go from "Disconnected" to "Connected >" to "Connected (210889 blocks)" and just keep looping until I quit armory and normally, no force quit. Yes Bitcoind was responsive and it is still running |
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Makes sense. Yeah you better follow those API speed limits. Or just use javascript and get the websocket, then you will get stats in real time |
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Are you advocating personal responsibility? How very retro.
Yes I am, and I know everyone wants a trophy if they win or lose. |
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Bug report: OS: Mac OSX 10.8.2 Armory Version: 0.85 PyBtcWallet Version: 1.35 Armory just loses connected and it seems like it is infinite loop, that just keeps printing this out over and over, but it never crashes completely and sometimes after 10mins of this it will reconnect and work with no problem. ERROR) armoryengine.py:10344 - Waiting for BDM output that didn't come after 10s.
(ERROR) armoryengine.py:10345 - BDM state is currently: BlockchainReady
(ERROR) armoryengine.py:10346 - Called from: armoryengine.py:10471 (30189323)
(ERROR) armoryengine.py:10347 - BDM currently doing: ReadBlkUpdate (30189323)
(ERROR) armoryengine.py:10348 - Direct traceback
File "/usr/local/share/armory/ArmoryQt.py", line 3629, in <module>
os._exit(QAPP.exec_())
File "/usr/local/Cellar/armory-qt/beta/share/armory/qt4reactor.py", line 231, in _iterate
self.runUntilCurrent()
File "/usr/local/lib/python2.7/site-packages/twisted/internet/base.py", line 800, in runUntilCurrent
call.func(*call.args, **call.kw)
File "/usr/local/share/armory/ArmoryQt.py", line 3247, in Heartbeat
newBlocks = TheBDM.readBlkFileUpdate(wait=True)
File "/usr/local/Cellar/armory-qt/beta/share/armory/armoryengine.py", line 10471, in readBlkFileUpdate
return self.waitForOutputIfNecessary(expectOutput, rndID)
File "/usr/local/Cellar/armory-qt/beta/share/armory/armoryengine.py", line 10349, in waitForOutputIfNecessary
traceback.print_stack()
(ERROR) armoryengine.py:10350 - Traceback:
Traceback (most recent call last):
File "/usr/local/Cellar/armory-qt/beta/share/armory/armoryengine.py", line 10340, in waitForOutputIfNecessary
return self.outputQueue.get(True, MT_WAIT_TIME_SEC)
File "/System/Library/Frameworks/Python.framework/Versions/2.7/lib/python2.7/Queue.py", line 176, in get
raise Empty
Empty
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I've read the thread thanks, I just wanted to know if BTCJam attempt to contact the person? After all they apparently have their phone number, facebook, linkedin, and home address details. That's quite a few avenues to try to say "hey, you do realise you owe people money right?" Also the person in question has repaid a loan of the same size so it wasn't as scammy as other listings https://btcjam.com/listings/377Ok lets be real, is a phone call going to make you pay a loan? Chances are very slim unless you completely forgot but even then I just take maters into my own hand and pm the person here. But you shouldn't be asking that question if you read the thread, and pick good loans to invest in. I am getting annoyed by all the people that are like "I invested in a loan and they never paid", some of you even rallied against pirate, but you dont read the terms of the loans you invest in, A) you either play follower the leader or B) you see a high score and you invest. This completely wrong in how you should go about doing this type of loaning. And You shouldn't whine when your coins are gone, it will teach you the research and knowledge takes time but pays off big. So I think this thread should be for updates from tulkas and technical issues, not whining about your lost coins it was your fault deal with it. |
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I will ask again... what is the process when someone defaults on a loan?
Read the thread before asking questions, they just remove the score and set it to 0 and they could be labeled a scammer here. Also btcjam is exploring other legal options, they have talked about this many times over. So short answer don't pick loans that will default, research is key. I am not part of btcjam in any shape, I just know how to read a thread. |
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It is if you are a newbie.
Yes, if you already know everything about bitcoin then it's ok. We use it and we survive with it, but it's far far far from being "decent"
Just copy-pasting the interface and features of multibit in the standard client would make it much much better.
Consider that for a newbie to find a lightweight client like multibit takes a lot of time, they first go on the bitcoin website and find the standard client. Maybe later they discover the forum and inside it a thread speaking about lightweight clients and different interfaces. But probably after they spent more than a day downloading a blockchain wich, for them, is useless
But I rather have the devs working on the backend then making the interface pretty. Again this is why it is beta. Also the devs are working on the blockchain downloads, which isn't that big of an issue. I think if newbies are coming here with out knowing anything about computers or anything like that, they probably should be put off until it is a little bit more cleaner experience. |
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My opinion? He is right! bitcoin clients sucks! The standard client interface sucks. The fact that multibit is NOT
But that is why it is in beta, and plus who cares about the interface at this point, the UX isn't horrible and isn't that bad. |
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I am not saying that programmers cannot be dreamers, but they are rare. I associate with several programmers. They have no interest or understanding in Bitcoin.
Cause several represents everyone. Don't generalize this just bad. Also you talk about dreamers and how they go against the "status quo" and stuff like that. First off stop watching Apple's ad it like in your mind. Second dreamers are people with ideas, they follow thru, they don't let one road block stop them. Dreamers are people just like you and me that want society to be what they envision. |
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