So I drunkenly spent about $3.00 on a "note" at btcjam

[xeero]

I have no idea what the fuck I'm doing so I create a sell order, https://i.imgur.com/J9lTUMU.png

[BitcoinFreak12]

I have no idea what the fuck I'm doing so I create a sell order, https://i.imgur.com/J9lTUMU.png

Is that a form of crowdfunding or something similar?

[xeero]

No.. damn do I feel like shit.  water water water water water

I wish I had a clue as to how this works.  I think a clear head today might help me solve the puzzle.  You can sign up at btcjam.com and it won't cost you anything.  I'm going to go see if I missed the help page, sure couldn't find one with my beernoculars on.

[silvestar]

BTCJam is a site for you to borrow or lend bitcoin.
You will get a "note" if you lend your bitcoin, or you can buy a "note" directly from other lenders.

[kpitti]

I have no idea what the fuck I'm doing so I create a sell order,

Is that a form of crowdfunding or something similar?

In BTCJam you can invest your BTC, or just ask for funding your project.
If you looking for investment then be aware as most of projects there can failed easily. Look for history and reputation. Check if you are not alone who investing in particular project.

[xeero]

Ok, trying to understand... I bougth the $3 note from this page

https://i.imgur.com/xu3DcHk.png

And the guy is borrowing for this

https://i.imgur.com/CdYJd8x.png

Can anyone borrow my $3 note or does it automatically go to the dude above?  And then he pays me back with interest?  If so, how much interest?  What's the "expected loss" and all that poo

There's like jack shit there for faq, it's almost as if it's intentionally vague as to what the fuck.

[silvestar]

From the screenshots, it seems you will get a total of 0.01053 btc if the borrower (TT-BTC) pays back the money. The payment will come on 10th in the coming 6 months.

[SirChiko]

Why are you even crying over 3$? You spent more on these beers that got you drunk.

[strayanbit]

Hey so i'm curious, did you end up getting the money back with interest?  Was it the fairytale you didn't know you dreamed it could be?

..Or did the dog chew his homework?

[knightkon]

This is interesting.  I have to agree that you have spent more drinking than what you wasted here, if you do not get paid back.  The better part is you have brought a site to the attention of some people, like myself, who have never seen the site before.  Thank you for your drunken mistake.