[ANN] BTCJam - Peer to Peer Bitcoin Lending

[gweedo]

Also can BTCJam add google auth for access to the account?

[boonies4u]

Tulkas here is an idea:

Darkko (https://btcjam.com/users/903), for example has outstanding loans.  However, he also is a lender himself (https://btcjam.com/listings/1458), so if he has a balance of anything on his account, he cannot withdrawal any coin, while he is overdue on his own loans.

For example, he has 10BTC loaned to Galwaysteve which he did on Jan 31, 2013.  One day later his account was overdue on his 12BTC loan.. so he probably just shifted the money within his account that he received from his funding to fund another loan.  So no biggie, that's fine.

Now that he is overdue on his account, he should not be able to move any BTC back to his wallet, or to another loan.   He should be required to clean his slate first.  Doesn't stop anyone with no money in their account, but does 'somewhat' allow for a cushion for the site to play with, to credit back lenders.

What do you think?

Not sure about that, imagine if your mobile operator had the power to move money from your account to pay overdue bills?

You're not moving anything.. you only disallow someone to withdraw 'their' funds to their wallet, or fund a loan to another member (which could be their second account), until their account is in good standing.

Now that doesn't stop fraud, but does give the site a way to help protect lenders. 

Of course people will just game the system, but they are doing that now, so I don't see how it would hurt.

Denying withdrawal and funding other loans sounds like a fair proposition IMO.

[Charles Bass]

Tulkas here is an idea:

Darkko (https://btcjam.com/users/903), for example has outstanding loans.  However, he also is a lender himself (https://btcjam.com/listings/1458), so if he has a balance of anything on his account, he cannot withdrawal any coin, while he is overdue on his own loans.

For example, he has 10BTC loaned to Galwaysteve which he did on Jan 31, 2013.  One day later his account was overdue on his 12BTC loan.. so he probably just shifted the money within his account that he received from his funding to fund another loan.  So no biggie, that's fine.

Now that he is overdue on his account, he should not be able to move any BTC back to his wallet, or to another loan.   He should be required to clean his slate first.  Doesn't stop anyone with no money in their account, but does 'somewhat' allow for a cushion for the site to play with, to credit back lenders.

What do you think?

Not sure about that, imagine if your mobile operator had the power to move money from your account to pay overdue bills?

You're not moving anything.. you only disallow someone to withdraw 'their' funds to their wallet, or fund a loan to another member (which could be their second account), until their account is in good standing.

Now that doesn't stop fraud, but does give the site a way to help protect lenders. 

Of course people will just game the system, but they are doing that now, so I don't see how it would hurt.

+1 a Security Feature!

[🏰 TradeFortress 🏰]

The redirect URI in the request: https://www.btcjam.com/users/auth/google_oauth2/callback did not match a registered redirect URI

[cosmicone]

+1 a Security Feature!

Eventually, the scammers will run out of phones, facebook pages and linked in accounts to authorize their bogus accounts with, or it will become too much of a bother, and they will just wither away.

[ThaddeusB]

+1 a Security Feature!

Eventually, the scammers will run out of phones, facebook pages and linked in accounts to authorize their bogus accounts with, or it will become too much of a bother, and they will just wither away.

All 3 can be created at will for a few cents worth of effort.

[ThaddeusB]

It isn't illegal in Russia. It's quiet normal for a Russian company to ask for a passport. Let put this way noone would give a credit in Russia without a passport. You cant even open any accounts like mobile or cable without a passport.

Nor its illegal in USA, since they will even ask for your SSN.

Yes, you can ask for documents. In bars they ask for ID to sell drinks.

Its illegal to ask for documents with the purpose of collecting debt if you are not licensed to do so. search google for "Fair Debt Collection Practices Act".

A debt collector is defined as a third party not involved in the transaction.  Again, it is NOT illegal for a lender/potential lender to ask for identification or any other document they want. 

[cosmicone]

+1 a Security Feature!

Eventually, the scammers will run out of phones, facebook pages and linked in accounts to authorize their bogus accounts with, or it will become too much of a bother, and they will just wither away.

All 3 can be created at will for a few cents worth of effort.

Even a phone to SMS to?  I guess it's easier than I thought.

[Shermo]

You can get pay and go sim cards for free/cheap...

[ThaddeusB]

+1 a Security Feature!

Eventually, the scammers will run out of phones, facebook pages and linked in accounts to authorize their bogus accounts with, or it will become too much of a bother, and they will just wither away.

All 3 can be created at will for a few cents worth of effort.

Even a phone to SMS to?  I guess it's easier than I thought.

There are a number of free/virtually free services which provide ordinary looking phone numbers capable of receiving texts and phone calls through the internet.

[ercolinux]

+1 a Security Feature!

Eventually, the scammers will run out of phones, facebook pages and linked in accounts to authorize their bogus accounts with, or it will become too much of a bother, and they will just wither away.

All 3 can be created at will for a few cents worth of effort.

Even a phone to SMS to?  I guess it's easier than I thought.

There are a number of free/virtually free services which provide ordinary looking phone numbers capable of receiving texts and phone calls through the internet.

Even better: here in Italy you can get a cell phone sim card for free and you can get how many you want, and so is in many different countries.

[Tulkas]

The redirect URI in the request: https://www.btcjam.com/users/auth/google_oauth2/callback did not match a registered redirect URI

This seems to be an intermittent problem, try to sign out from your google account and sign in again.

[Vod]

One thing I always ask for before lending coins is a unique picture.

After I get the documents with the person's picture and address, I ask for a photo of them standing in front of a landmark near their home.  If you've bought your documents online, you can't produce this.

BTCJam should add this in, although it would require more admin work.

[ThaddeusB]

What's the deal with PayPal verification?  It shows as an option, but there doesn't appear to be a way to actually do it.  Also, what makes it so special as to warrant 6 points?

[Smoovious]

Tulkas...

I have sent in the coin for the next payment on my loan, to my deposit address, but it hasn't even shown up as unconfirmed yet. Has been a couple hours now.

Deposit addy: 173JVQDZbogfvxCm2GBbgdKVNLmM16uymB
http://blockchain.info/tx/b7b67fcc16159d06656a7508d4b7c0401c2d499e4b3bd54ddec630d47279f6e3

This is the same addy I have always used to deposit to with no problem, would you check to see something isn't working properly?

-- Smoov

[Tulkas]

Tulkas...

I have sent in the coin for the next payment on my loan, to my deposit address, but it hasn't even shown up as unconfirmed yet. Has been a couple hours now.

Deposit addy: 173JVQDZbogfvxCm2GBbgdKVNLmM16uymB
http://blockchain.info/tx/b7b67fcc16159d06656a7508d4b7c0401c2d499e4b3bd54ddec630d47279f6e3

This is the same addy I have always used to deposit to with no problem, would you check to see something isn't working properly?

-- Smoov

The wallet was changed after the attack, you should always generate a new address to make deposits. I will put the old wallet online and get the coins.

[Tulkas]

What's the deal with PayPal verification?  It shows as an option, but there doesn't appear to be a way to actually do it.  Also, what makes it so special as to warrant 6 points?

We are finishing the approval process with paypal.

It is special because to get your paypal account verified you must have access to the credit card statement of the person you are claiming to be.

[Tulkas]

New feature!

You can now import your feedback from Ebay.

Just go to dashboard and click "ebay connect".

[]'s

[cosmicone]

I just connected my eBay, but it doesn't show anyone anything, other than I connected to eBay... were does it show my stats to others?

[Tulkas]

I just connected my eBay, but it doesn't show anyone anything, other than I connected to eBay... were does it show my stats to others?

Now you have 5 positive reviews that came from Ebay.

You have an ebay badge at your user page and in any listing you may have.