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Author Topic: Best website to give out loans? Btcjam or ?  (Read 16859 times)
w00dface
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January 14, 2015, 07:12:41 PM
 #21

A lot of them issues are addressed on Pop.

Those who use Jam will recognize a lot of the big investors Smiley

The facebook group is here -> https://www.facebook.com/groups/394911060685164/
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January 14, 2015, 07:21:03 PM
 #22

Jam is risky. Try to follow the big lenders - see which names pop up a lot - and try to only fund people that survive proper questioning. Don't fund anything with a rate above 8% (MAX) and even then only if the borrower has a long history/plan.
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January 28, 2015, 01:22:58 AM
 #23

Definitely support btcpop.co as a new alternative! I'll be slowly moving more funds there from jam to invest.

฿Allaboutbit ฿฿Cludcoin ฿[/color]
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January 28, 2015, 02:57:10 AM
 #24

I have been considering entering BTCJam for an investment for a year or so now, afaik they are chinese... i just dont know if i can trust btc related businesses yet, so many people scamming and getting away with it because no one cares since thats a downside of not having big regulations.
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January 28, 2015, 11:02:10 AM
 #25

Definitely support btcpop.co as a new alternative! I'll be slowly moving more funds there from jam to invest.

How much did you invest? And how was your experience there so far?

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January 28, 2015, 12:35:45 PM
 #26

I have been considering entering BTCJam for an investment for a year or so now, afaik they are chinese... i just dont know if i can trust btc related businesses yet, so many people scamming and getting away with it because no one cares since thats a downside of not having big regulations.

Jam is Brazilian. Where did you get Chinese from? It is scam heavy though. I'd say sometimes 70% scams, 30% not.
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January 28, 2015, 01:33:29 PM
 #27

I have been considering entering BTCJam for an investment for a year or so now, afaik they are chinese... i just dont know if i can trust btc related businesses yet, so many people scamming and getting away with it because no one cares since thats a downside of not having big regulations.

Jam is Brazilian. Where did you get Chinese from? It is scam heavy though. I'd say sometimes 70% scams, 30% not.

Is this true that 70% of the loans are scams? What about the countermeasures that the site is employing?

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pbleak
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January 28, 2015, 02:00:44 PM
 #28

I have been considering entering BTCJam for an investment for a year or so now, afaik they are chinese... i just dont know if i can trust btc related businesses yet, so many people scamming and getting away with it because no one cares since thats a downside of not having big regulations.

Jam is Brazilian. Where did you get Chinese from? It is scam heavy though. I'd say sometimes 70% scams, 30% not.

Is this true that 70% of the loans are scams? What about the countermeasures that the site is employing?

Well I'm not talking hard stats here. Just spend some time as an investor over there and you'll see there's a huge split between people who come in and are scammed easily and a small core community that invests mostly with each other or very trusted members.

Countermeasures are net-arbs. Which is basically useless.
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January 28, 2015, 04:22:46 PM
 #29

I've used BTCJam and it has been working out so far for me. Just make sure the person you invest in is very trustworthy and has made payments before.

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January 28, 2015, 04:26:53 PM
 #30

I have been considering entering BTCJam for an investment for a year or so now, afaik they are chinese... i just dont know if i can trust btc related businesses yet, so many people scamming and getting away with it because no one cares since thats a downside of not having big regulations.

Jam is Brazilian. Where did you get Chinese from? It is scam heavy though. I'd say sometimes 70% scams, 30% not.

70% scam?

Who is bigger risk of being scammed, the loaner or the guy that asks for the loan?
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January 28, 2015, 05:30:25 PM
 #31

I saw btcjam but i assume there must be more.

WHich website is best and most secure and which one do you guys use?

I want to enter one of them but suely i wont enter if loads of newbies post its great Wink

I want to hear some real voices + reasons of the choose

BTCjam is the most know as far as I know and also they have a thread here so if you have any issues or questions just post on their thread , I don't think there is other websites simillar , still you can take or give loans here on Bitcointalk forums => Section "Lending" Wink

~ Madness.

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January 28, 2015, 05:37:14 PM
 #32

I have been considering entering BTCJam for an investment for a year or so now, afaik they are chinese... i just dont know if i can trust btc related businesses yet, so many people scamming and getting away with it because no one cares since thats a downside of not having big regulations.

Jam is Brazilian. Where did you get Chinese from? It is scam heavy though. I'd say sometimes 70% scams, 30% not.

70% scam?

Who is bigger risk of being scammed, the loaner or the guy that asks for the loan?

The lender.
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January 29, 2015, 12:44:04 AM
 #33

I have been considering entering BTCJam for an investment for a year or so now, afaik they are chinese... i just dont know if i can trust btc related businesses yet, so many people scamming and getting away with it because no one cares since thats a downside of not having big regulations.

Jam is Brazilian. Where did you get Chinese from? It is scam heavy though. I'd say sometimes 70% scams, 30% not.

What do u mean jam scam?
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January 30, 2015, 01:23:21 PM
 #34

Hows the rate of scammed lenders if you do it in this forum vs in centralized sites like BTCJAm?
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January 30, 2015, 01:33:06 PM
 #35

Hows the rate of scammed lenders if you do it in this forum vs in centralized sites like BTCJAm?

If you scam him , you get nothing but Negative trust feedback
If you scam on BTCJam , I'am pretty sure that they do take huge measures (not sure if jail is included) since they do take ID Verifications on the website otherwise you can't take loans as far as I know .

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January 30, 2015, 01:46:00 PM
 #36

Hows the rate of scammed lenders if you do it in this forum vs in centralized sites like BTCJAm?

If you scam him , you get nothing but Negative trust feedback
If you scam on BTCJam , I'am pretty sure that they do take huge measures (not sure if jail is included) since they do take ID Verifications on the website otherwise you can't take loans as far as I know .

But can you be a lender without giving ID shit? It kinda defeats the point of bitcoin when you need to give your damn ID.
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January 30, 2015, 02:04:42 PM
 #37

from my experience BTCJam is full of scammers. Still the best place to loan/get loans. Just keep both eyes open
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January 30, 2015, 03:54:38 PM
 #38

Hows the rate of scammed lenders if you do it in this forum vs in centralized sites like BTCJAm?

If you scam him , you get nothing but Negative trust feedback
If you scam on BTCJam , I'am pretty sure that they do take huge measures (not sure if jail is included) since they do take ID Verifications on the website otherwise you can't take loans as far as I know .

Em no, a defaulted loan means everyone gets the ID. They can then choose to chase up the money IRL using the details via arbitration. BTCJam does nothing on behalf of the lenders beyond this.
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January 30, 2015, 03:55:28 PM
 #39

Hows the rate of scammed lenders if you do it in this forum vs in centralized sites like BTCJAm?

If you scam him , you get nothing but Negative trust feedback
If you scam on BTCJam , I'am pretty sure that they do take huge measures (not sure if jail is included) since they do take ID Verifications on the website otherwise you can't take loans as far as I know .

But can you be a lender without giving ID shit? It kinda defeats the point of bitcoin when you need to give your damn ID.

You can lend without ID yes. Only borrowers need to confirm it.
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January 30, 2015, 04:54:46 PM
 #40

Hows the rate of scammed lenders if you do it in this forum vs in centralized sites like BTCJAm?

If you scam him , you get nothing but Negative trust feedback
If you scam on BTCJam , I'am pretty sure that they do take huge measures (not sure if jail is included) since they do take ID Verifications on the website otherwise you can't take loans as far as I know .

But can you be a lender without giving ID shit? It kinda defeats the point of bitcoin when you need to give your damn ID.

You can lend without ID yes. Only borrowers need to confirm it.

Well , that's not so intelligent if you ask me , is it ?
I mean someone can simply Photoshop and make a fake ID then scam people , and lenders won't get refunded and even if he scammed using his Real ID , I would really like to know what's going to happen. If it's outside the US or UK or wherever BTCJam is , what they going to do about it exactly , call the Interpol ? 

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