BTCjam - going crazy

[hamburger]

Well, I suppose some of you reading this post know me from my BTCjam loans taken out for retail savings bonds and mining equipment upgrades.

Anyway, like usual, it is that time of the month where I post my new loan for the next month. To my surprise I found that they now want to increase their lending rate for ฿0.70 @ 2.65% over 30 days to ฿0.70 @ 49.45% for 30 days.

Needless to say, the stupid user agent could only stick to the prescribed text - update your profile and our rates have increased.

Sorry to say, you will see the increase of defaults if you are going to put your bitcoin up with these clowns.

My humble apologies if I referred you to BTCjam as either investor or borrower.

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[jdebunt]

49.45% What on earth is going on there? oO

[msarro]

I gave up on btcjam after both paycoin and ltcgear happened in the same 1-week span. I have about 12 deadbeat loans on there now that I know will never get paid back. Too damn many scams.

[jdebunt]

I gave up on btcjam after both paycoin and ltcgear happened in the same 1-week span. I have about 12 deadbeat loans on there now that I know will never get paid back. Too damn many scams.

12? That is..wow. Sorry for your loss

BTCJam really needs to step up their game tbh

[favdesu]

btcjam never changed in the years. full of scammers and as long as they make money from fees they don't really care. would never use this site again.

[Phildo]

I gave up on btcjam after both paycoin and ltcgear happened in the same 1-week span. I have about 12 deadbeat loans on there now that I know will never get paid back. Too damn many scams.

Why would you loan someone money that they told you they were investing in those operations? You take all of the risk if that thing is a scam with less of the reward if it isn't.