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Question: Should we limit the number of active loans per user?
No. As long as he is paying.
Yes, max 1 active loan per user.
Yes, max 2 active loans per user.
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Yes, max 5 active loans per user.

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Author Topic: [ANN] BTCJam - Peer to Peer Bitcoin Lending  (Read 204909 times)
memvola
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September 26, 2012, 01:08:08 PM
 #21

Looks like importing of OTC reputation is implemented, but I couldn't get it to work. The message decrypts successfully (i.e. it doesn't give a CRC error) to an empty message, which is of course not accepted by the site.
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Peao
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September 26, 2012, 02:48:26 PM
Last edit: September 26, 2012, 03:08:33 PM by Peao
 #22

Great job, Tulkas!

I have some suggestions:
- Add a "copy" button in the window that appears the address for deposits;
- Add another verification method: Public Forum (like bitcointalk). Ex: +1 credit point if +100 posts and +1 if account is +6 months old. Or maybe just +1 for both. It would be proven with a post in the forum;
- Maybe +1 credit point for a Facebook/Linkedin Page.
Edit: - reduced fee for short term loans (something like <30 days)

Also I think you should emphasize the option of importation of OTC rating in your first post.

tgmarks
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September 26, 2012, 02:51:10 PM
 #23

Has anyone been able to successfully import their OTC rating?

memvola
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September 26, 2012, 04:50:27 PM
 #24

- Add a "copy" button in the window that appears the address for deposits;

Better, easier and hopefully the standard way is making it a Bitcoin URI. Both can be done though.

Has anyone been able to successfully import their OTC rating?

Tried again with no luck. The verification message is nil.
Tulkas (OP)
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September 26, 2012, 06:07:52 PM
 #25

memvola, tgmarks,

I'm sorry for the inconvenience with the OTC import, I will check that out.

BTCJAM - Peer to Peer Bitcoin Lending
https://btcjam.com
Tulkas (OP)
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September 26, 2012, 06:34:13 PM
 #26

Great job, Tulkas!

I have some suggestions:
- Add a "copy" button in the window that appears the address for deposits;
- Add another verification method: Public Forum (like bitcointalk). Ex: +1 credit point if +100 posts and +1 if account is +6 months old. Or maybe just +1 for both. It would be proven with a post in the forum;
- Maybe +1 credit point for a Facebook/Linkedin Page.
Edit: - reduced fee for short term loans (something like <30 days)

Also I think you should emphasize the option of importation of OTC rating in your first post.



Thank's for the input! Nice suggestions.

You can also take a look at the "feedback" widget, new features can get votes and you can follow the inplementation status

BTCJAM - Peer to Peer Bitcoin Lending
https://btcjam.com
Tulkas (OP)
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September 26, 2012, 06:42:41 PM
 #27


Quote
Lets say someone runs off with the funds what will you do beside just ip ban them?

That's what the verification process is about, scammers will not succeed on creating multiple high score verified accounts, so care must be taken when lending to non-verified members.

At the beginning we intended not to let non verified members to post listings, but at the end we've chosen to let the lenders decide.

but your not going take any legal action or do anything on behalf of the lender?

No. the purpose of the verification process is to prevent scammers from creating multiple high score accounts.

Our law firm is sorting this out with Experian but bitcoin is not very "vanilla" to these people.

BTCJAM - Peer to Peer Bitcoin Lending
https://btcjam.com
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September 26, 2012, 07:33:46 PM
 #28

Nice site! Very interesting, make sure to apply for Bitcoin Project of the month in October!

Keep your servers clean and prosper!
Tulkas (OP)
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September 26, 2012, 09:38:00 PM
 #29


The issue with the import OTC rating feature is now resolved.

BTCJAM - Peer to Peer Bitcoin Lending
https://btcjam.com
tgmarks
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September 26, 2012, 10:45:55 PM
 #30


The issue with the import OTC rating feature is now resolved.

Thanks, I just tried it and it worked great for me.

Tulkas (OP)
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September 27, 2012, 01:13:06 AM
 #31


We have a new feature online, user profile pages.


You can see the payment history and summary of activities from a user by clicking on his nickname on the listing or in the payments section of your dashboard.


Thanks!

BTCJAM - Peer to Peer Bitcoin Lending
https://btcjam.com
Peao
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September 27, 2012, 02:07:44 AM
 #32

You can also take a look at the "feedback" widget, new features can get votes and you can follow the inplementation status

Nice! Thanks.
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September 27, 2012, 03:26:56 AM
 #33

I am getting an error when up my settings. "Phone checks is too long (maximum is 3 characters)"

I also had an unkown error on my 3rd attempt at verifying my phone number. (on the number that is actually SMS friendly)

For the latter problem, I will probably send an email to request more attempts. But I could use some help with the former.

P.S. Found the site from a coinurl ad.
Seal
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September 27, 2012, 05:46:28 AM
 #34

I threw 1 BTC into a loan to test. I'll be watching closely for more investment opportunities Smiley!

Question: Will I get feedback ratings for lending BTC?

DefiDive - Filter the noise
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Tulkas (OP)
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September 27, 2012, 01:27:39 PM
 #35

I threw 1 BTC into a loan to test. I'll be watching closely for more investment opportunities Smiley!

Question: Will I get feedback ratings for lending BTC?

Yes, you can rate any user you had interacted with, so your borrowers can rate you.

BTCJAM - Peer to Peer Bitcoin Lending
https://btcjam.com
scribe
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September 27, 2012, 02:38:49 PM
 #36

Great stuff - very interested, have started to have a play, and blogged about it here.

I'll post in the feedback forum too, but there are some minor formatting issues when viewing on an Android phone. Hooked up to Barclays PingIt and blockchain.info, micro-lending on the go has never been more fun...


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boonies4u
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September 27, 2012, 06:00:06 PM
 #37

If I were to put up a listing for 100 bitcoins, and it was funded at 80%. Would I pay a 1% fee on 100 bitcoins or 80?
Tulkas (OP)
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September 27, 2012, 06:03:35 PM
 #38

If I were to put up a listing for 100 bitcoins, and it was funded at 80%. Would I pay a 1% fee on 100 bitcoins or 80?

80!

BTCJAM - Peer to Peer Bitcoin Lending
https://btcjam.com
Tulkas (OP)
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September 28, 2012, 01:04:13 AM
 #39

Great stuff - very interested, have started to have a play, and blogged about it here.

I'll post in the feedback forum too, but there are some minor formatting issues when viewing on an Android phone. Hooked up to Barclays PingIt and blockchain.info, micro-lending on the go has never been more fun...



Hello scribe, nice post, we will post a link to it on our facebook page! thanks!

BTCJAM - Peer to Peer Bitcoin Lending
https://btcjam.com
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September 28, 2012, 01:54:40 AM
 #40

Hi. I REALLY REALLY REALLY want to work with a company like yours. I e-mailed you yesterday with my info. Do you guys have any finance people on staff? I have a few suggestions for your site, but I don't want to give them up unless I'm either working with you, or building a competing service. Another bonus, I speak Russian, so can help you expand into Russia and Ukraine as well.
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