[ANN] BTCJam - Peer to Peer Bitcoin Lending

[Bitcoin-Corporation.com]

Oh well, ladies and gentlemen, they win.
Better did they did now than when someone's money was act stake here, right?


Final results start ----------


>  xxxxxxxxx xxxxxxxxx
>  SUBJECT: RE: Case #: xxxxxx
> -------------------------
>  OCT 06, 2015 | 0x:16PM PDT
>  xxxxx replied:
>
> Hey xxxxxxxxx,
>
> So you know, we at support didn't run this Q&A and had nothing to do
> with it so we do not know the answer to your question. Im not exactly
> sure what you want here, but we do not accept every borrower who comes
> to BTCjam and looks for a loan. Hope that helps!
>  Cheers,
>
>  xxxxxx
>  BTCJam


To which I replied:

Date: Tue, 6 Oct 2015 04:07

Again, I was simply asking why you were playing deceptive games with my personal information, my time, and the account, thats all.

You guys put me at a grade E, then a grade D, then when I submitted an additional bank account, you said it would take a couple of hours, and last I check (less than 12 hours ago), the rating was still blank, so it as if you're penalizing me for asking. Something me and others would like to know before hand though, because we have to trust you too.

Although you still didn't really answer my question, I get where you're coming from with your reply and I'll just tell everyone that I'm leaving it at that.

Final results end ----------

[Max Investor]

 when I go to a site , the browser reports an error: sec_error_revoked_certificate

[jamieb81]

Ok,

so I remained silent for a while but now I really want to make a serious BAD comment about BTCJAM

I had been warned by some fellow investors that at the moment they were doing some serious favoritism towards for example their

"Brazilian" friends for example, I was pretty skeptic but seems it is indeed true.


I am Freak*** A rated had previous loans, and now I am indeed in need of a small loan, they just continuously delete the loan post.

Also had one of the BTCjam employees that called me when I posted the first time the loan, explained all that there was to explain, loan got deleted,
emailed support that told me that with 250$ monthly I could not apply for a loan.

I was like.. WTF 250 monthly!? where the hell do they get that from? I got salary verified a while ago already and needles to say my salary alone is WAY more than 250$ lol ( I really don't know where they got that from )

Like I told your staff, that's just the sum I pay monthly already for my storage, without taking into account my rent, my bills etc etc etc..

So of course when I did send an email where the hell they could think I can live of 250$ per month I got an email back to post the loan again and that they would call me to sort things out.

Well guess what. Did just that, loan got deleted again and of course support ignores all emails.

PS: a company that deletes even the slightest comment on their Facebook like "Is there someone to answer support as why my loan gets deleted?"
has some serious issues to hide any negative views towards it.

I lost as an investor money on BTCjam towards people they accepted with like E ratings and they do not even accept a loan demand from an A grade person that even would be A+ if they would have an agreement with my bank to verify my card and bank


So yeah, sorry to say this but I'm very disappointed in Jam as an old member there.

[Kanati]

when I go to a site , the browser reports an error: sec_error_revoked_certificate

I filed a support case about that with them and never got an answer  - seems to be fixed now though (error does not show up in Firefox anymore).

[shmoula]

Ok, looks like noone noticed my question, so one more time:

@BTCJamSupport: Just being curious - it's arbitration here, arbitration there - how many successful arbitrations already passed?

[RealMalatesta]

Ok, looks like noone noticed my question, so one more time:

@BTCJamSupport: Just being curious - it's arbitration here, arbitration there - how many successful arbitrations already passed?

From my experience, I'd say: None. They hand you out a worthless e-mail and then leave you alone.

[jamieb81]

Ok, looks like noone noticed my question, so one more time:

@BTCJamSupport: Just being curious - it's arbitration here, arbitration there - how many successful arbitrations already passed?

Support is non existent at BTCJAM, they just care to do what they like for who they decided to. The rest they don't care one inch

[MonsterV]

I tried to borrow 1 BTC in btcjam loan duration 1 month
I need to return a total of 1.75 BTC, this is really bad
Interest rate 75 %   1 month   

https://i.imgur.com/Dee8IIs.jpg

[Bitcoin-Corporation.com]

I tried to borrow 1 BTC in btcjam loan duration 1 month
I need to return a total of 1.75 BTC, this is really bad
Interest rate 75 %   1 month  

https://i.imgur.com/Dee8IIs.jpg

Wow. In some jurisdictions thats probably considered "usery".

-------
u·su·ry
ˈyo͞oZH(ə)rē
noun
the illegal action or practice of lending money at unreasonably high rates of interest.
interest at unreasonably high rates.
-------

[bobmarley650]

Being and active user will change my rating?
For example if i deposit 5 btc, will it change the rating?

[tommorisonwebdesign]

Any site that gives far too much leverage to borrowers of funds is in my mind systematically flawed. Any site that does not provide any security whatsoever to the lender helps criminals steal money from honest people. I am building a site where collaterial is always required and the more liquidizeable the collaterial, the higher your user account trust rating goes. The website will be based on the CakePHP framework as well, adding strong security based on a framework that works.

Sounds cool. Not sure how you would require collateral though. Like what? Here, people use their accounts or other digital goods. Are you planning on doing something similar? IMO, one of the largely unsolvable issues is that most Borrower's don't have enough collateral to begin with, which probably fuels (in part) the asking for a loan. If you look at the loan section, most are for small amounts on here - Probably gambling. These BTCScam scums are just worse, they just run off and leave all their dox wide open.

PSA - If you have been ripped off by BTCScammers, see my signature.

As far as loans without collateral are concerned, I am thinking about programming in a loan bidding process where investors bid on loans without collateral. I do not have the details worked out, but I plan on basing the procedure from that of other social fiat lending sites.

[Bitcoin-Corporation.com]

We even submitted our Bank Statement from a lawful F.D.I.C. insured Bank, along with it's Telephone Number.
They rejected the Document as "This document does not meet the required type". We asked how the Document did not meet "the required type, and they never replied.

Get a load of this:

Your request for Address Information has been rejected. Please resubmit it.
Your request for Financial Institution Verification (Simple - Bank) was accepted!

It's the same Bank!

Why do you guys make of all of this?

[owlcatz]

We even submitted our Bank Statement from a lawful F.D.I.C. insured Bank, along with it's Telephone Number.
They rejected the Document as "This document does not meet the required type". We asked how the Document did not meet "the required type, and they never replied.

Get a load of this:

Your request for Address Information has been rejected. Please resubmit it.
Your request for Financial Institution Verification (Simple - Bank) was accepted!

It's the same Bank!

Why do you guys make of all of this?

The site is run by incompetent, greedy scammers itself, maybe? They sure do take their time on support tickets, and are never very helpful. 

[lumeire]

Any site that gives far too much leverage to borrowers of funds is in my mind systematically flawed. Any site that does not provide any security whatsoever to the lender helps criminals steal money from honest people. I am building a site where collaterial is always required and the more liquidizeable the collaterial, the higher your user account trust rating goes. The website will be based on the CakePHP framework as well, adding strong security based on a framework that works.

Sounds cool. Not sure how you would require collateral though. Like what? Here, people use their accounts or other digital goods. Are you planning on doing something similar? IMO, one of the largely unsolvable issues is that most Borrower's don't have enough collateral to begin with, which probably fuels (in part) the asking for a loan. If you look at the loan section, most are for small amounts on here - Probably gambling. These BTCScam scums are just worse, they just run off and leave all their dox wide open.

PSA - If you have been ripped off by BTCScammers, see my signature.

As far as loans without collateral are concerned, I am thinking about programming in a loan bidding process where investors bid on loans without collateral. I do not have the details worked out, but I plan on basing the procedure from that of other social fiat lending sites.

What kind of collateral would be required? Would this be digital properties too? Like domain names, websites, and forum accounts like here?

Also, I'm really curious about your bidding process, why would investors even bid for these, would they bid for the least interest rate?

[Bitcoin-Corporation.com]

We even submitted our Bank Statement from a lawful F.D.I.C. insured Bank, along with it's Telephone Number.
They rejected the Document as "This document does not meet the required type". We asked how the Document did not meet "the required type, and they never replied.

Get a load of this:

Your request for Address Information has been rejected. Please resubmit it.
Your request for Financial Institution Verification (Simple - Bank) was accepted!

It's the same Bank!

Why do you guys make of all of this?

The site is run by incompetent, greedy scammers itself, maybe? They sure do take their time on support tickets, and are never very helpful. 

Wish I could "Like" or thumbs-up that statement.

@bobmarley650 - Well, you, like me and other have stupidly given sensitive information to someone insensitive, questionable, and possibly nefarious, so you better do like me and watch your back, be prepared to shoot obvious trespassers and even do some traveling if you end up obviously taken advantage of in some way. There are many Gawminer/Josh Garza types out there.

[BTCJamSupport]

Type: Credit Information
New Status: Invalid - The data in the photo and the information submited are inconsistent.

hi guys, hi BTCjam
What do you want more?
this is my third try, i've sent my bank statement which covers last 2 months with my google adsense earnings.
What can i do more?
I assume that your verification team is unable to understand what is valid or invalid.

Waiting for your support.

We dont take Adsense income for this verification. Please send us some tax documents or paystubs please. Thanks

[MadeinCoin]

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

[bobmarley650]

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

Actually site is very amateur.

[Google+]

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

Actually site is very amateur.

why do you say amateur ?

[bobmarley650]

How to verify the data bank my country is not listed to verify the bank I want to improve credit score
you have other ways to raise credit scores ?

Actually site is very amateur.

why do you say amateur ?

because they are