5 out of 5 late/defaulted is not representative for loans from India on btcam, India has better repayment rate than countrys like Germany, Spain, Unitid Kingdom for example and is just slightly below the sites avg.

The documents should be translated to English(or possibly other languages the staff members understand) i think i read somewhere in the past if they arent in English from the start so btcjam can understand them.

KNC is a Swedish company, if you bought the miner as a private person and not as a company there is no way they can claim that the warrenty period is just 3 months, its at least a 1 year period(when its not the customer responsibillity to show that they have opperating the device correctly) and up to a 3 year period in total. If the same error repeats itself after KNC has repaired the device then after the 3rd time the consumer has the right to return the device and get a full reund of the products cost. If KNC dont follow Swedish laws then all affected customers should get together and sue them in court to get what there entitled to.

The all time fully repayed loans for the site is increasing gradually, last stat was about 76.94% of all loans that has been taken out have been fully repayed and then there is some loans that is partially repayed and some of them is still active but not overdue so the total repayed on individual payment level is probably in the 85-90% level.
Its always recommended to diversify the investments to some degree, calculations from the fiat P2P lending world showed that one needed to make 146+ investments(but for example 500 was better) if investing equal amount in each investment to be garanteed to have +ROI on lending club, as the default rates is slightly higher and the interest rates is higher in the BTC P2P world its likely that the diversification needs to be larger so in the region of 500-1000-2000 investments will probably be needed to give a equally stable result. If one dont invest blindly in just any loans but choose wisely, then ones investments should be able to outperform the sites avg result a lot.

bl4kjaguar you dont need to pay 2 500$ to learn a winning baccarat system, the information is freely avaliable already, card counting for Panda 8 and Dragon 7 on the $100 level has the expected profit of 62.70$ per hour so at 12hrs a day 365 day, then the expected yearly profit is 274 626$. Casinos in the USA have a nasty habit of banning winning players thou but if you have any use for the sytem to save you the 2 500$ tuition cost, information is avaliable here for example: http://wizardofodds.com/games/baccarat/appendix/8/

The avg loan on btcjam is no way near 50 btc, its a much smaller amount. There is debt collectors firms that operate internationally in basically every country of the world, there is no reason why they shouldent be able to collect on a loan that has been taken out in bitcoins, its no stranger than if a person in the UK is taking out a loan in Euro for example so a lender could use one or several of them for collection on debts out of there own country. A lender could also sell off bad debt notes in borrowers in countrys far from themself and buy up notes in borrowers loan in there own country or surrounding countrys and take those debts to court if necessary. The best would of course be if the debt collection process would be handled centrally by btcjam and debt collecting firms working together with them.

The actual win/loss one gets from investing in the bankroll can vary a lot if a big whale comes in and bets huge but if a site only has a lot of smaller bets the return will be closer to the expected value.
The 80/20 distrubution is what justdice had when they operated with betting in bitcoins, the house edge is usually 1% or close to that on most dice type sites i think. The size of the bankroll one should be able to see on a serious site the, the same goes for statistics on daily betvolums so one should be able to do such type of calculations for the sites one may be interested in investing in.

Basically the higher the total bankroll is in relation to the daily volume the less profit/yearly interest(as a smaller percentage of your coins is used for each bet) is to be expected.

If ukyo was messing around with tradings on mtgox(witch could explain his claims about the funds currently(back in 2013-14) not beeing avaliable) he should now get back about twice as many coins as he had on mtgox(if the bitcoinprice stays at the currently low level in september when the mtgox funds will be payed back to people as it looks like the refund amount is locked at a fixed usd per coin amount that is way higher than current price. He should then not have any problems paying back the loan 2 000 btc*1.32 = 2 640btc and the other maby 8 000 btc that he owes people from weexchange. Hopefully the great loan will also get solved at that time.

Hi gas7uazz i dident see that you were on bitcointalk before, its a bit hard to understand exactly what happened from your post.
Is it just one site you are having trouble with or is it several sites ?

If cloudbet(dot)me was one of the sites you made bets on it seems like they have sportsbets, its more or less standard practice(very bad behaviour thou) among such companys in the fiat betting world in many countrys and online to reduce the max bet amount for those people that are winning(or potentially should win in the long run), some countrys dont allow such negative special treatment on a selected categorys of gamblers(for example gambler that only would bet on "sure bets" where they could never loose, for example a soccergame between lets say real madrid and barcelona and betting site 1 offers 3.1 odds for a real madrid win, site 1 offer 3.05 odds for a draw and betting site 2 offers 3.2 odds for a barcelona win, then if one wants to bet 1 btc in such game one could bet 0.334992 btc on Real madrid win on site 1, bet 0.340484 btc on draw on site 1 and bet 0.324524 btc on barcelona win on site 2 and no matter of the outcome one would get back 1.038476 btc so a garanteed profit of 3.8476% in that example) so depending on what country a company/site is located in leagal actions may be able to be taken to lift the restrictions as the restrictions may be against local laws in the juristiction the gambling site is registered in and/or operate in.

Btcjam dont act as an issurance company in those cases when borrowers is late or end up defaulting on there loans but they do followups,  borrowers that is late on there payments btcjam mails and is calling and such, they said back in september that they where going to partner with collecting agency(s).
But as far as i can tell its not fully incorporated on btcjams site yet. So you cant just sent your defaulted note to a collecting agency onsite and they will collect the full debt in soething like 85% of the cases for a 10% fee on collected amount type of thing yet, but im sure it will come in the very near future as it already has been implemented on several P2P lending sites in the fiat and BTC sector already.

When a debt gets defaulted it will be sent to an arbitrator and you will get an arbitration award in witch the borrowers debt to you and the borrowers known information, name address, phone, social networks and so on is included, this award you can use to either contact the borrower yourself to collect the debt or sent it to a collecting agencys or go directly to court to reclaim the debt and most or all cost involved in collecing the debt depending on in what country the borrower is in.

As its time consuming to follow up on defaulted loans until the site will handle it in a central and more or less automatic way it is in general safer to spread investments around to reduce the risks and reduce the effect of a single default, in an example from the biggest fiat P2P lending site it was calculated that one needed to invest in a minimum of 146 loans to be garanteed to have a positive return (0.02% - 14%) but if one spread it to 500 loans the lowest and highest expected return got a few percent closer to the avg(6.93%) return.

If ones good at judging borrowers way higher avg returns can be achived in the p2p lending sector than the fiat one thou.

If i remember correctly i think the price was about 4.8$ when i first heard about bitcoins back in 2012.

Btcjam dont charge 56% they charge 4% on loans under 5 btc and 1% on loans from 5btc and upwards.
1% on the equivalent amount of a 1125$ loan is not unresonable at all, 11$ is most likely way less than any normal bank in most countrys or internet fiat lending sites would have as minimum charges.

The now automatically set interests they started with more recently depends on defaultrates in different borrower categories, dont blame btcjam for that as its the borrower that hasent repayed there loans that has caused the situation so btcjam have to set high interestrates on some credit ratings and terms until the repayment rates gets better in them.
So if you for example are verifying more information you will get a better grade and as the defaultrate will be lower on higher grades you will get lower interestrates. You could also make the situation better if you knew any borrower that has defaulted and you can convince them to repay there loans.

The previous problems with some pages that dident load has also been corrected maby a week ago.

Seen over a longer period of time investing in Gold have always been better than just holding fiat and the interest the banks offer dont beat the inflation so keeping money in the bank is not a good investment option.

The best thing for you to do is probably to go throu lists of faucets and check how ofthen they can be visited and test to see how much they pay on avg, those capcha solving sites that some people in poorer countrys work on probably pay something like 1$ per 1000 solved capcha so you should probably only do faucet sites where the avg return is better than that if you still have time over you can probably work for some capcha solving site for the rest of the time, if people for example on avg would solve a captcha in 10 sek then 15h a day should have a bottom income of 5.4$ a day or 37.8$ a week for the time spent on such work.

The avg interest people can expect get depends on the bankrolls size in relation to the avg daily betvolume on the site, but if we for example look at a situation with a daily betvolume of 10 times the size of the bankroll with a 1% house edge and a profit disturbution of  80% to investors/20% to site owner then one can expect something like 33.9% yearly profit on the initial investment if one left the whole investment in the bankroll at the site for a full year and 29.2% if one withdraws profits regularly.
Maby it could be a good portfolio choise to have something like 10% of ones capital in a dice site if it would have bets in BTC and perhaps 1-2% if it runs on some other digital currency.

Why do you think Poland will be targeted by EU and IMF, looking at the debt to GDP numbers Polen was only at something like 50.1% debt to GDP ratio by dec 2014, is the debt growing fast in Polen at the moment ?
If one looks at USAs numbers for example 105.06% in 2015 up from 72.5 % 2012, they look to be in way worse shape than Polen.

There is several forex sites that offer short/long on fiatcurrencys/btc nowadays and last time i looked a site like bitfinex for example had the possibillity to lend usd that one could buy btc with internally on there site and then you have the obvius option if you currently have assets in the form of bitcoins you can always move those temporary to the other side of the fence, sell them for usd/eur or simular on some exchange and rebuy more btc if the btcprice goes down.

Yes bitcoins will be around in 5 years time i guess the price will be in the 5 000-10 000 usd/btc range if USA hasent defaulted by then, otherwise the price will be infinite verses that currency.

Why would investors prefer investment in a interest bearing paper currency at just 2% interest that also could potentially default depending on what countrys currency it is is, when gold has a way higher avg historical gain verses the fiat currencys.
If we look more recent in history then during 2000-2015 for example gold has increased 118.6% verses the CHF, 148.9% vs AUD, 165.9% vs EUR, 168.0% vs USD and 180.6% vs GBP.

If someone had got a 2% yearly fiat interest they would in 14.5 years just have got 33.2% interest so 2% can hardly be the correct equilibrium point to move values between gold<->fiat even if somone would counted on a 0% default rate for a country.

It would be cool if he did return, maby he can come back in a few years time and buy a "small" island in some nice climate zone and make it a no fiat, bitcoin only "country" or something like that.