My BTC has been locked for over a week. As of writing this I have lost 0.02259 BTC due to their incompetence.
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I spent 15 minutes to find the following information. I'm not good at this kind of stuff, can you find more things that BTCJam is trying to hide?
The address on their contact page is fake; a Suite is required: 1 Bluxome St., San Francisco, CA 94107
Alexis Aiono, Head of Support, is only 19 years old.
Celso Pitta, CEO, refuses to respond to emails requesting information about why my account was blacklisted and why my balance was reduced to zero.
Celso's linkedin page is a fake! It lists the following patent as his:
http://www.linkedin.com/pub/celso-pitta/59/368/a9Dispositivo computadorizado para detecção automática do estado de vigília e nível de atenção de um ser humano num posto estático.
Brazil Patent MU8702413-6 Issued October 7, 2008
Inventors: Celso Pitta
The patent is here:
http://www.patentesonline.com.br/dispositivo-computadorizado-para-detec-o-autom-tica-do-estado-de-vig-lia-e-n-vel-183518.htmlThe real inventor is here:
http://br.linkedin.com/pub/celso-cardoso-pitta/34/285/35aCompany claims to be based in San Francisco, Ca.
It is actually owned by a company called Ovo Cósmico LTDA and is based in Brazil.
BEWARE, so should you get your BTC out NOW!?
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Celso didn't deny that the contact address is a fake.
Nor did he provide any evidence that Celso Cardoso Pitta is not Celso Cardoso Pitta Jr.
Nor did he provide any evidence that his full name is Celso Cardoso Pitta Jr.
I admit I got into an argument with a close friend of Alexis Aiono, the 19-year-old Head of Support. After VtechX left a harassing and defaming unsolicited comment, which had no purpose other than to persuade investors to not invest in my A credit rating short-term opportunity, I went to address the concerns in the investors group. There I found that Leslie, the close friend of Alexis, had goaded VtechX into harassing me "bad cop" style and had listed me as a "Do Not Invest" solely because I had thanked him for investing in me. After attempting to reason with Leslie he became irate and threatened to go "Moses" on me and bring down the "Armageddon" on my profile. Leslie then persuaded Alexis to blacklist my account.
Nobody was DOXed.
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At the minimum, I believe that this is a terrible company that hires immature teenagers who will blacklist and empty your account without your permission because of mere favoritism.
CEO of BTCJam here.
I’d like to address the claims made by Avastar1:
1- We are not a scam. We are a legitimate business that started out in Brazil, hence the Ovo Comsico LTDA. We recently moved to San Francisco and raised money from various Investors, including Ribbit Capital who also backed Coinbase and Xapo.
http://ribbitcap.com/bets/btcjam/2- I am the inventor of the patent mentioned, and here is the link to patent that includes my name. The LinkedIn profile posted is the one of my father, who carries the same name as me (I am officially Celso Cardoso Pitta Jr.)
http://www.patentesonline.com.br/dispositivo-computadorizado-para-detec-o-autom-tica-do-estado-de-vig-lia-e-n-vel-183518.htmlAvastar1 is mad at BTCJam because we blacklisted his account after he started harassing other users, which is against our Terms of Service. We haven’t taken any Bitcoin from him, we’ve simply closed his account. For about 3 days, he was not able withdraw his coins and is now trying to claim that we are a scam.
3- While we’ve had a few scammers in the past, our credit scoring algorithm has improved a lot and our repayment rate for the last 4 months is over 90%. More importantly, investors are averaging 19% year over year returns, further proving that the core of our credit scoring algorithm works. Just be sure to invest in A and B loans, diversify well enough, and you will make good returns.
Here are some tips on how to do that:
http://blog.btcjam.com/post/75934926878/the-3-rules-of-peer-to-peer-lending-for-investors
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