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April 18, 2013, 12:37:59 PM |
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Hi all,
I noticed earlier today the sheer volume of note sales on BTCjam. There are a ton of notes for sale on there that are either clearly in default or are selling for more than the remainder of the contract. In both of these cases, nobody is going to buy those notes. As the BTCjam system does not correct for these now-spam sell orders, could everyone take a second next time they're on BTCjam and check their sale orders to make sure they aren't clogging up the system and blocking out liquidity sales?
I know it sucks to have a borrower default on their loan, but nobody wants to buy these notes...thanks guys and gals.
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