SCAMMER indicates someone who is not using best faith efforts to repay. Economics hitting hard in a historical matter does not indicate a "scammer". However, it does indicate someone who has not paid on a loan becuase the world around them crashed down.
That being said, BTCJam needs to figure this out. Along with the inaccurate interest calculations on early payments, this will kill the site unless we see a huge BTC crash soon.
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Still same price? Or what is the USD equivalent?
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Added litecoin. Would add Solidcoin (since it is traded at Vircurex), but can't find command line client or API block explorer. Otherwise have all currencies listed at Vircurex and will work on charting now.
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Perhaps some sort of forced refinancing if approved by a percentage of lenders or something would address this in a smooth way without bankrupting people. This would require lender approval, but might address the issue.
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Seems like the soaring exchange rate has encouraged many to "forget" to make payments. I'm done with unsecured loans.
Understood - but for some people who borrowed and used the money in real economic endevours, the rates now on repayment exceed loan sharks. More specifically, when pegged to real currency, the loan violate many jurisdictions usuary laws since given the currency exchange the "interest" is now in excess of 400%. At the same time I can understand the argument that these are pure BTC loans and no reference to local currency should be made. I think that ignores the real world of getting BTC to fund real world tasks which often requires the conversion.
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Correct. Those assume payments are only made on the dates specified, not early. A payment made earlier should alter future payment amounts as the interest cost is decreased. Maybe you should prevent allowing an early payment in the functionality?
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Has anyone else noticed that the calculation of interest is incorrect? If you make an early payment, interest still accumulates as if you made the payment later.
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Though I am having some blockexplorer issues no (anyone want to help setting up ABE for alt coins ), http://www.coinchoose.com has JSON data.
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Table sorting on main page fixed. Now storing historical prices and will get graphing up soon.
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Smaller minimum bets would be nice - plus would love to see this on alt-currencies.
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Haven't added scrypt coins yet, but will (although the comparison is tough given different GPU's mine at different speeds). May have a field to inout your mining speeds so true percentages will be made.
the rough estimate for sha256:scrypt ratio is about 1000:1 While that is true - hardware also differs. My 5830 that happily mines at 320 M/hash, does not happily mine at 320 k/hash for scrypt...
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Added Devcoins and Namecoins. Can't find a public blockexplorer for ixcoins, so I might just do it. Working on historical charts.
Ixcoin block explorer at: http://darkgamex.ch:2751/chain/IXCoinAdded - thanks!
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Haven't added scrypt coins yet, but will (although the comparison is tough given different GPU's mine at different speeds). May have a field to inout your mining speeds so true percentages will be made.
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Added Devcoins and Namecoins. Can't find a public blockexplorer for ixcoins, so I might just do it. Working on historical charts.
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Like past indicators of profitability? I could do that...
So far it isn't much more than Dustcoin besides it keys solely off what you can buy BTC for at Vircurex and a basic API.
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One suggestion, add DevCoins and IxCoins, just to see the profitability Fixed PPCoins, but any publicly accessibly blockexplorers for either of these? That is all I need to add the coins.
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Real easy (I do the same on my site http://www.coinchoose.com). Difficulty of Bitcoin / Difficulty of alt currency * exchange rate into BTC
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Thank you both. I will slap the person on IRC who pointed me at newmint.
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When you run ppcoind getinfo, my newmint shows zero. On ppcoin's IRC channel it was confirmed this looks to be a bug.
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Latest git source of ppcoin (as of a few days ago) was getting a mint amount of 0. So right now I am hardcoding (sort of) the ppcoin mint value). Was out of town so it lagged.
Adding all other SHA coins I can (provided they are listed on Vircurex), soon.
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