Hi, I know I'm new here, but I've been a regular at Reddit and also at BTCJam. I wanted to warn bitcoin users about BTCJam. Below is the same post I've made at /r/bitcoin:
https://www.reddit.com/r/Bitcoin/comments/2wbvyc/btcjam_locked_me_away_from_my_account_do_not_use/---------------
Hi. I am munister, aka user id 43220, where you can find here:
https://btcjam.com/users/43220I've been using BTCJam for 5-6 months and invested over 13 BTC to their website. I love their community and I love the idea of helping borrowers in need to get loans. I always felt that Bitcoin peer-to-peer lending is the next step for Bitcoin to take to be regarded seriously as a currency. I've always felt BTCJam to be a leader in this industry and I was happy to be a part of that community.
So why am I writing this text? Because they've wronged me in these past 5 days.
3 days ago, BTCJam locked me from my account due their "technical issues". As a reward, they stated that they would reward me with 0.1 BTC. I naively believed them and asked will I get a notification when they resolve their issues. No response.
Less than a day ago, BTCJam stated they will not give me access to my account because they're under the rules of Money Service Business.
Then they falsely accuse me of gambling. But how can I be gambling when all I've done is invested in their loans? If investing in their loans is gambling, and gambling is illegal, then by definition, every BTCJam user who invested in BTCJam's loans is gambling.
I tried to reply back to their support, but no response.
My emails can be seen here:
https://imgur.com/a/WkukOI still hold out hope that I will get my BTC back because I believe in BTCJam crew to be good people. I do not believe that they would create a website for the specific purpose of scamming their users. I hope this is just a dumb mistake because the alternative view is that they're all thieves, and that is not something I want to consider.
But in light of these recent events, I have to warn BTCJam users to withdraw your money from that website as quickly as possible. Also to Bitcoin users, do not invest in their loans. You might not have access to those your invested funds that you've worked hard for. To BTCJam crew, it's not losing my money to you that hurt me. It's the betrayal of trust. You opened your doors to anybody who wants to participate in your site. Then you slammed the door shut when they've invested not only their earned Bitcoins but also invested their emotion into making your site a more popular and better place. This is not how a company should work, and certainly not a company that wants to be bigger that a startup.
You've all been warned.
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