I know a guy in my neighborhood that bought a lot of fake id's from deepweb and then faking photos with id's in photoshop. BtcJam approved them memberships and then he fraud from 5 different accounts. Nobody catch him, now he is in a foreign country. I heard he did this multiple times and scam a lot of money. That's why I don't use BtcJam anymore, they do absolutely nothing about scams.
if a ardeva verification token https://ardeva.com/ given to you from a loan at btcjam as extra proof of identity you consider to invest to such a loan ? Personally i was looking ways to proof that my loans are legit i have try out escort but unfortunately didnt help much. i totally agree if something BTCJAM must do, is take actions from such scamming. Swisswatcher on btcjam has been offering some form of escrow service for borrowers in the past, not sure if he still does such thing. Different lenders look for different things, an ardeva token will most likely add some lenders to your loan and some lender might lend you more when more information is verified like that. The only type of partial security that currently excist is if people has reinvested in other borrowers onsite, if someone has invested 10 btc in 1000 different loans, 0.01 btc in each loan and that person asks for a 1 month 1 btc loan its hardly any risk to loan to that person for example. |
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Lent 0.1 btc, the guy did not repay a penny ...
Its always bad when that type of thigs happens but the sites statistics is improving over time, back in 2013 it was really bad, during 2014 the avg repayment rate improved a lot and hopefully it will become even better in 2015. Last time i checked the repayment rate throu all time is up to 75.98% of all loans and is climbing. For loans taken out recent months it has been in the regions of something like 85-90%. I wouldn't call that improving. %75.98 means every 1 debt in 4 loans isn't paid. That's serious stats for lenders. Too much verification process but still %25 fail rate. They need to decrease it to %1-2 if they want to provide sustainable service. I don't recommend this site at all. 75.98% is all loans throu all time, in the beginning there probably was <25% repayment rate when there was no verification of anything needed to be able to apply for loans. |
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Lent 0.1 btc, the guy did not repay a penny ...
Its always bad when that type of thigs happens but the sites statistics is improving over time, back in 2013 it was really bad, during 2014 the avg repayment rate improved a lot and hopefully it will become even better in 2015. Last time i checked the repayment rate throu all time is up to 75.98% of all loans and is climbing. For loans taken out recent months it has been in the regions of something like 85-90%. |
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User: thy
deposit address: 1Lxf6wrtNj9QzNNdiTLyWWR6ff3JMkSYdZ
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Hi guys, this is a Good News/Bad News situation...
First the Good News - Both the controller card and bonus miner are on there way.
Now the Bad - The lease for the miners hosting location is up and the business partner that I have been working with has lost his chance to renew. So, I'll have to find another location. I know that it was intended to offer free hosting in the beginning (which was due to an arrangement with my business partner). Since that situation has now changed, I will likely have to add a hosting fee to cover rent space once I find the proper venue for the miners and they won't be running until then. I would just temporally host them at my residence, but with the satellite ISP we have, that option simply isn't feasible.
Another bit of Bad News for those who have purchased hashing power for the EXchange - The two interns that I had working on the EXchange website recently moved on to other things. When they left they erased the EXchanges servers hard drives - along with all the backups! Almost a years worth of work lost!! I don't believe they did it on purpose, I think it was done by mistake... But 'Ouch!', what a doozy. I can tell you, I'm just sick about it and have lost allot of sleep over it. Due to this major SNAFU, the whole EXchange project is on an indefinite hold. I will be issuing refunds with a bit of interest to any SWMCHEX purchasers as soon as it is financially possible, but please be patient!
I am sorry that I have failed you guys. I feel a sickness in my gut over the whole situation, both for the GB'ers and SWMCHEX hopefuls. I will do my best to amend as I am able. Hope you can all elicit a measure of understanding and spend a meter of forgiveness... But I take all of the blame, the failure is mine and mine alone.
James
If they dident erase the files on purpouse they then wouldent have used something like 35 passes Gutman or US DoD 7 passes standards on them and the files should then probably be recoverable. If you just avoid writing new files to the hard drives after the incident and use a suitable program to look for the files that probably still excist but isent known to the filesystem where there located on the hard drives. |
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hi i have try in the past to take a loan with collateral, but with no success unfortunately there is no p2p lending service with collateral yet now about http://blog.btcjam.com/"Payment cycle options reduced Four payments a month is just too many… and if you miss a payment, it could hurt your credit score. Our new monthly loans make repayment easy as it matches your schedule. Payments are only on a monthly basis only." i always pay in these 3 loan per week never had an issue, all times pay days early or on the time. If they want to help they can leave payment per week and 15 days. Some investors like to receive their payment per week or asap. There is still people listing loans with payment cycle less than 1 month(every 3 days and weekly payment is still possible options) so btcjam hasent implemented the thing you mentioned that they posted on there blog the March 27, 2015. Hello @thy! These are the previous loans which have been listed before the update, now the system let you to choose only from 30 , 60, 90 and 365days with new additional terms added 120 and 270days, also the payment cycle have change too, now is only possible for 1st, 5th and 10th. I just check it to be sure!  Another new update on the site is that we cant anymore sell defaulted notes (i don't know if it is only temporary) did anyone notice that or found a post about this?Kind Regards, BTC-Bank. I havent seen any information from btcjam about the change on the notes but as far as i can tell they have changed it so you cant directly flip a note maby they want a bigger differentiation on what notes is out on the 2nd hand market. If for example someone would list a note in your loan at 100% yield many people would probably want to buy it and then either keep it or flip it directly for maby 5-10% yield instead, now there is a delay, unknown how long between a note has been posted the last time to its possible to post it again and it effects notes that someone else has posted to that you buy to so its not only a delay on how ofthen you can post the notes you already have. Defaulted notes can still be posted instead the change seems to be that no notes that has been out on the market cant be posted directly after the 7 days time has ended, wether its changed to something like 10 days, 14 days or something like that until you can repost a note is not known yet but it surely cant be that a note can only be posted once and never more then btcjam will end up with a lot of complaints especially as btcjams partner isent delivering the arbitrage awards to everyone that they should. |
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Generally good
i have take 3 loans (35 btc total, today 12.61557270 Remaining in my 3rd loan) there all of them has per week payments.
i usualy take 30 days - 90 days loans and payments per week.
now this is removed and only allowed per month only payment why ?
i like to be per 1 , 3 , 7 ,15 , 30 days not 30 days only
yes there are many scammers in crypto world and we must find a way to block them.
Yes, max 5 active loans per user, but only for users with best rate
personally i have never take more than 1 loan .
Normaly i must be also in A but i am in B just because in my country not listed in Banks that is most unfair , i have send many mails about that, nothing happen
The limit is max 3 loans on btcjam and has been so or a long time now or have you seen somewhere that they have written that they will change it soon to 5 loans max per person ? |
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hi i have try in the past to take a loan with collateral, but with no success unfortunately there is no p2p lending service with collateral yet now about http://blog.btcjam.com/"Payment cycle options reduced Four payments a month is just too many… and if you miss a payment, it could hurt your credit score. Our new monthly loans make repayment easy as it matches your schedule. Payments are only on a monthly basis only." i always pay in these 3 loan per week never had an issue, all times pay days early or on the time. If they want to help they can leave payment per week and 15 days. Some investors like to receive their payment per week or asap. There is still people listing loans with payment cycle less than 1 month(every 3 days and weekly payment is still possible options) so btcjam hasent implemented the thing you mentioned that they posted on there blog the March 27, 2015. Hello @thy! These are the previous loans which have been listed before the update, now the system let you to choose only from 30 , 60, 90 and 365days with new additional terms added 120 and 270days, also the payment cycle have change too, now is only possible for 1st, 5th and 10th. I just check it to be sure! Another new update on the site is that we cant anymore sell defaulted notes (i don't know if it is only temporary) did anyone notice that or found a post about this? Kind Regards, BTC-Bank. Hi there BTC-bank maby there is some bug then that lets some members still post loan with payments every 3 days and weekly payments as there is a number of weekly payment loan that dont have any investments before 28 mars AKA most likely listed after 27 mars for example: https://btcjam.com/listings/39274 has first investment 2015-03-29 https://btcjam.com/listings/39364 has first investment 2015-03-30 https://btcjam.com/listings/39591 has first investment 2015-04-01 https://btcjam.com/listings/39474 has first investment 2015-03-31 |
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250 PUT 2015/05/31 @ 34
200 PUT 2015/05/31 @ 14
150 PUT 2015/05/31 @ 3
Do you offer CALL options to and what is the price mentioned, for example in "200 PUT 2015/05/31 @ 14" is the 14 price 14 btc for the right to sell 100 btc @200$/btc or is that 14 usd per option to sell 1 btc @200$/btc or something else ? |
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hi i have try in the past to take a loan with collateral, but with no success unfortunately there is no p2p lending service with collateral yet now about http://blog.btcjam.com/"Payment cycle options reduced Four payments a month is just too many… and if you miss a payment, it could hurt your credit score. Our new monthly loans make repayment easy as it matches your schedule. Payments are only on a monthly basis only." i always pay in these 3 loan per week never had an issue, all times pay days early or on the time. If they want to help they can leave payment per week and 15 days. Some investors like to receive their payment per week or asap. There is still people listing loans with payment cycle less than 1 month(every 3 days and weekly payment is still possible options) so btcjam hasent implemented the thing you mentioned that they posted on there blog the March 27, 2015. |
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Leon thanks for informing people about your current situation. So it may be a while until the next possibillity for you to make payments on your loans, maby you can help lender/investors out in another way then, as you were handling the p2p lending part in brian gaers stock Trader for some months i guess you have some knowledge on what did or is going on there ?
bg_froggie/bjames/Brian Gaers investors is currently missing something like 565 btc on the 4 platforms Btcjam, bitlendingclub, Cryptostocks and coinsortium in his loans/stocks/bonds and his 2 internet sites for coinddebtcollection and trader has recently dissapeared to. Do you have any information as to why someone handling over 500 btc havent been able to make any payments since december, the smallest payments is just 1.84 btc or so in the bonds ?
Im actually very supprised that there isent more talk going on about what happened with his 10 stocks/bonds and loans as its a very substancial amount his handling, something like 140 000(250$/btc) - 300 000$(500+$/btc) in the pricerange btc has been.
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what is leverage in this context?  Lets say you have 300 usd and you are 99% sure the price of btc in usd/btc will go from 300 usd/btc to 330 usd/btc in the next week and that it will not at any point before that drop down to more than 290 usd/btc then you can for example: 1) buy 1 btc and hold if and when the price gets to 330 usd/btc you can sell it for 330 usd and get a profit of 30 usd or 2) take a 5 times leveraged long position usd/btc with 200 usd and sell the position when it reaches 330 usd/btc and get a profit of 200*(((330/300)-1)*5) = 100 usd profit Basically you lend 4 times your own (200 usd) amount in the second example and invest 1000 usd in total and then profit or losses becomes 5 times higher in this example the reason why you only take a 200 usd position in this example is to handle possible smaller downswings before the value of bitcoins gets to the 330 usd/btc level one predicted, the 100 usd left can in this example handle a 100/200/5 = 10% downswings. There is some fees to for lending funds also so this is just a basic example but if your correct in your assumptions you can earn more with smaller amounts avaliable if you do leveraged tradings, but the risks also increase. sounds mega risky.. i doesnt sound like i should do it! but thanks anyway! How risky it is really depends on what markets one trades in and how much leverage one uses, if people uses low leverage, maby just 2-3, having higher reserves and trading on more stable markets as forex couples like USD/EUR or maby gold or something like that then it can be resonably safe, but those thats trading forex with 200 in levearge and such well thats more gambling than trading in most cases as a position can die in a couple of seconds with such high leverage. All in all its generally more risk trading with leverage greater than 1 compared to just straight trading back and forth on a currency couple on an exchange but the risklevel can be set depending on what markets/indicators and how much leverage one uses. |
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what is leverage in this context? Lets say you have 300 usd and you are 99% sure the price of btc in usd/btc will go from 300 usd/btc to 330 usd/btc in the next week and that it will not at any point before that drop down to more than 290 usd/btc then you can for example: 1) buy 1 btc and hold if and when the price gets to 330 usd/btc you can sell it for 330 usd and get a profit of 30 usd or 2) take a 5 times leveraged long position usd/btc with 200 usd and sell the position when it reaches 330 usd/btc and get a profit of 200*(((330/300)-1)*5) = 100 usd profit Basically you lend 4 times your own (200 usd) amount in the second example and invest 1000 usd in total and then profit or losses becomes 5 times higher in this example the reason why you only take a 200 usd position in this example is to handle possible smaller downswings before the value of bitcoins gets to the 330 usd/btc level one predicted, the 100 usd left can in this example handle a 100/200/5 = 10% downswings. There is some fees to for lending funds also so this is just a basic example but if your correct in your assumptions you can earn more with smaller amounts avaliable if you do leveraged tradings, but the risks also increase. |
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...
I was just wondering basically, and this is the point of the thread, I know the whole point of BTC is that they are anonymous, but is there even a slight chance of tracking where the stolen btc went? I asked the seller if they asked for ID documents and such for the transaction, as when I bought my previous ones I had to show photo ID and stuff before they would sell, but as I said the seller is ignoring me so I don't know. If they did ask for ID it will be a lot easier to find the person who did it. My bank told me 9 times out of 10 its someone you know who commits fraud, and this is worrying me a lot.
I have already wrote this post out and its so long that editing it all now will be a pain in the ass but the seller has got back to me saying now that basically they don't believe me and tbh it doesn't seem I'm going to get much help from them. I feel slightly less shitty now about calling lloyds tbh.
Still wodnering if its at all possible to track though, as if its been someone I know, I want to know who :/
You could try to follow the bitcoin transaction on https://blockchain.info/ for example if you know what bitcoinadress the bitcoins were sent to. You could also enter the bitcoinadress in a search engine and see if you can find anything interesting that way. |
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Nah and everyone you post I will be sure people know what you are doing, taking loans to give loans.
taking loan to give loans? Why would I do that ? Could just lend out my btc instead of having them at an escrow. Ok now you are going to show you are a liar as soon as I find that thread. there is no and there has never been such a thread, please stop spreading bullshit all over my topic. This is really annoying. And I provide 130% collateral at the escrow. It's not even possible to lend out your btc, I will have more btc stuck at an escrow. + it's irrelevant what I do with my bitcoins, that's none of your business (I need to buy some things). The collateral gives enough safety... This dosent make any sence at all, why would you lend lets say 10 btc, have 13 btc in someones escrow and pay 1.268 btc in interest in a years time, you would then have 77%-67% of the amount that you originally had that you can use for whatever business you need it for. You would be better of if you dident borrow the 10 btc as you could then use the full 13 btc for the full year. What doesn't make sense is you're posting in a dead topic.. last post was like 2 months ago.. Sorry about that, i dident check the date of the post, it was on the first page in the section, and where i usually post, securities for example first page usually means max a few days old post. |
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OP Very interesting topic DeathAndTaxes, where are we at the moment, whats the avg number of transactions per second for lets say the last month and what was the avg 6 months ago and a year ago as a comparison ?
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Nah and everyone you post I will be sure people know what you are doing, taking loans to give loans.
taking loan to give loans? Why would I do that ? Could just lend out my btc instead of having them at an escrow. Ok now you are going to show you are a liar as soon as I find that thread. there is no and there has never been such a thread, please stop spreading bullshit all over my topic. This is really annoying. And I provide 130% collateral at the escrow. It's not even possible to lend out your btc, I will have more btc stuck at an escrow. + it's irrelevant what I do with my bitcoins, that's none of your business (I need to buy some things). The collateral gives enough safety... This dosent make any sence at all, why would you lend lets say 10 btc, have 13 btc in someones escrow and pay 1.268 btc in interest in a years time, you would then have 77%-67% of the amount that you originally had that you can use for whatever business you need it for. You would be better of if you dident borrow the 10 btc as you could then use the full 13 btc for the full year. |
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https://pocketrocketscasino.eu allows an invest in the house bankroll feature. Pocket Rockets Casino is the number one trusted crowd funded Bitcoin gambling site with over 2600 Bitcoin invested. The site currently has a total profit for investors at 1474 Bitcoin, almost all made from October last year on the dice game. At the start of the year I added a leverage system where you can keep less Bitcoin on site, reducing counter party risk. What has the avg preformance during the sites excistance been for those that has invested in the bankroll of the site when that option has been avaliable, is there any official numbers published somewhere for what the avg interest per day/week/month/year is and has been in the past ? |
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Any news about the buy back? Haven't seen or heard anything since their announcement!?
jeezy Sadly it does look like they totally stopped communicating with the shareholders on CS, no dividends or any announcement after that point so it looks like yet another stock has became a scam. |
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well i had some issues with bad players on btcjam. the admins dont seem to do much about them as those scammers are still showing up and asking for loans. hell i cant even get the btc out of my account. i have tried several times but the confirmation email never comes and there is no reply to support emails. IMHO just stay away. of course its your fiat.
The support is in fact bad, but the email to confirm the withdraw address it's always sent, if it's not, then yes you'll have a hard time as the support is almost non existant. did the withdrawal request yesterday and today. still no email  i guess they plan to keep my .08273 BTC. I dont think you need to worrie, sometimes btcams support have a lot to do and it might take a few days before they get to your email, if they havent answered you in 5 days or so you could send them a new email. |
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