Once again- I am asking for constructive criticism here.

As I said, I have two motorcycles, together worth more than the loan amount, that I would have used as collateral, had somebody asked.

Do you have any suggestions I haven't already put forth myself?

Well, moot point now, with 10min left and myself the only major buy-in- but I am pretty damned sure Tony and Stephen would tell me to hit the bricks if I did *anything* to paint the company in a negative light. I feel very lucky to have landed a job at Bitpay and have been working quite hard for them.

I don't know the story on Hydroponica. But I would have to be a massive idiot to jeopardize my employment on a loan that only represents about one month of gross income. As mentioned in the loan listing, Bitpay pays part of my salary in BTC- talk about killing the goose...

The idea behind crowdfunding this purchase was to distribute the output of at least one ASIC miner, because it bugs me a little bit how much mining power has been concentrated in the hands of relatively few.

Suggestions on what I can do to increase confidence in the meantime?

Ideas:
- I own two motorcycles worth more than the requested loan amount. Could use them as collateral.
- I've never been very active on the forums; I will change that. (I wish I'd had enough liquid BTC to buy that Ducati that was FS a few weeks ago.)
- I'll try a smaller loan amount next time; going from 1BTC to 30 probably did play a hand in scaring people off; I thought putting in ~4.5BTC of my own would alleviate those concerns but appears not.

You're not wrong to be suspicious- I got taken for .25BTC from a bad borrower on BTCjam myself.

But I left this thread open for any questions anyone wanted to ask- asking the kind of questions that represent vetting a borrower would be more appropriate than just saying "this one guy was a scammer so you are too".

I'd like to think so. As I am an engineer at Bitpay, defaulting on this loan would reflect very poorly on the company, and probably cost me my job. The output of a KNCMiner Saturn is not at all worth that risk.

Thanks for the well wishes. I will pay in one more deposit from my "pyramidhead" account later today, but unless I get similar contributions from others in the next few hours, it looks like this isn't going to happen.

Que sera- experiments don't always work, but it's important to try

Wow- no feedback at all? I spent all day out shooting clays and I was expecting a flood of negative comments when I returned. 

I guess if there's not enough interest I'll continue saving my coins and make a different purchase in a couple months when other hardware is close to shipping.

https://btcjam.com/listings/7189

I realize the requirements for requesting a loan on BTCjam are less stringent than what's suggested in the FAQ for this subforum, but I chose to use that platform because it has both feedback and moderation- I thought those features might increase investor confidence.

As noted in the loan comments at the bottom of the page, I have been depositing my own BTC income as well- I have skin in this game, I'm not just expecting everyone else to buy a miner for me.

I'm happy to answer any questions ITT.

overunity - just sent you a PM - would like to investigate.

gorgeous bike... good luck with the sale.

absolutely agree; it's good the way it is.

have been investing with you (and advertising for you) since January- pretty excited to see my accounts come online. thanks for all your hard work. 

First loan repaid early; unfortunately, none of the investors left feedback.

Doing a similar loan again:

https://btcjam.com/listings/5623

Will still return 10%; but this time over 3 months (to demonstrate not just BTC income, but also trust- and creditworthiness).

Thanks to all who choose to participate in this experiment with me.

i hope the chat comes back at some point. 

...what's gone?

I can see why you'd feel that way, and I guess you're not wrong to distrust an unknown entity such as myself.

That's why I a.) fed BTCjam with more personal info than many here would be comfortable with, and b.) offered a very lucrative percentage/timeframe on this.

I don't expect to win the entire forum over by paying off one loan, but it'll be a step in the right direction.

My drivers license and utility bill (ID & address) are pending verification @ BTCjam. If you have any other advice as to steps I could take to become more trustworthy (other than "establish good repayment history", obv), I'm listening.

well, someone bought the remaining 88% this morning. 

many thanks if this is a bitcointalk user, and you're reading this.

as stated earlier; repayment will be handled through BTCJam's automated system.

with only 3 investors on this loan, i may need to do this again next month to earn sufficient feedback; will update this thread if so.

looks like we all start at 0 to me? i've never posted before this thread anyway, only lurked since January as you can see from my profile.

hopefully i get some trust points here as well as rep at BTCjam after payout.

nice! thank you!

thanks to all of you for the friendly welcome also.

hahah i didn't even notice that.

good point, at least i'm at zero...

1. 6 weeks is "long"? do you have a terminal disease or something?

2. can you give me some feedback as to why you feel that way, given that i've exposed a LOT of personal information to BTCJam in order to secure this loan? do you really think i want to get hounded by phone calls, texts, emails, and facebook messages for *one* bitcoin?

i've been pretty transparent as to my motive and method here.

hey all. long-time lurker, need to finally go active so i guess it's time to post something.

if any of you are BTCJam users, i've got a rep-builder loan for 1btc funding at this time.

the capital from this loan will not be used for anything, this is just to build reputation.

i have more than enough liquid output from my existing mining operation to pay the 10% interest.

put bluntly: i am spending .1BTC to buy reputation on BTCJam; anyone who wants to help fund my loan will get 10% over 6 weeks.

i've verified several forms of identity on that site (so you will receive them if i default on the loan; i don't want that).

https://btcjam.com/listings/5249

buy-ins appreciated; am available for any questions/feedback.