PSA - BTCjam problems

[jjdub7]

BTCjam has now modified my withdrawal amounts three times, sending less than I withdrew and presumably pocketing the difference.  Their system is so screwed up that my account currently shows -0.002 BTC.

I've been both a lender and borrower on BTCjam now, and I've got to say, once I've paid off my loans, I'm done with this shit.  Its obvious they don't have an automated system, or at least one that works.  Borrowers get charged 2-3 times for withdrawals for no reason, and any withdrawal fees that borrowers and lenders face are apparently not documented on the site.

I've gotten scammed repeatedly by borrowers on the site as well, but then again, that's no surprise.

I will upload a screenshot if someone can tell me the best way to do so.

[squall1066]

I would just pop him a message asking him (Tulkas) to look into it. He is fairly quick.

[🏰 TradeFortress 🏰]

I'm a little bit biased, but CoinLenders just has a 0.001 BTC withdraw fee instead of 0.005 reserved

[jjdub7]

I would just pop him a message asking him (Tulkas) to look into it. He is fairly quick.

Its more that I find this to be proof that the fundamental coding of the site is flawed.  Seriously, it would only take a quick Boolean check to make sure balances are greater than or equal to zero.  To be honest, I'm not really going to wait and find out what else is wrong with their system.

[Tulkas]

BTCjam has now modified my withdrawal amounts three times, sending less than I withdrew and presumably pocketing the difference.  Their system is so screwed up that my account currently shows -0.002 BTC.

I've been both a lender and borrower on BTCjam now, and I've got to say, once I've paid off my loans, I'm done with this shit.  Its obvious they don't have an automated system, or at least one that works.  Borrowers get charged 2-3 times for withdrawals for no reason, and any withdrawal fees that borrowers and lenders face are apparently not documented on the site.

I've gotten scammed repeatedly by borrowers on the site as well, but then again, that's no surprise.

I will upload a screenshot if someone can tell me the best way to do so.

Seriously, there is no point in stealing 2 cents. The system is automated and 0.005 is reserved to pay the network fee, unlike other sites, we do not charge any withdraw fee.

All the fees charged are listed here: https://btcjam.com/borrow/rates_and_fees

I'm sorry you got scammed, we have plenty of good investments to be made on the site, but as in any peer to peer lending system defaults may occur.

[jjdub7]

If you got where I was coming from, its that your system shouldn't even be able to allow balances to go negative.  I don't even care about the 0.002; I had to make payments so I just took the hit.  But to be honest, I emailed you guys and never heard back, so all I can assume is that I'm just stuck with the problem.

[jjdub7]

I don't even know what language you're coding in, but here's some nice pseudo-code to get you started:

while TXID == good

userbalance = userbalance - payment

if userbalance >= 0
TXID = <assign_TXID>

elseif userbalance < 0
TXID = <cancel transaction>

end
end

If you're coding a payment transaction system, make sure you get it right.  I'm not bashing the site, I think its a great idea as well as a great business idea.  Again, I don't know how you've coded the site, but a simple balance check would go a long way.  Just a suggestion.