270 entries in 0.48s
DreadKnight:
btcjam basically has the same amount of credibility as any crowd funding website in existence
assbot: Peer to Peer Bitcoin Lending -
BTCJam assbot: Peer to Peer Bitcoin Lending -
BTCJam mircea_popescu: <ThickAsThieves> Facebook ads from
BTCJam << i wonder if they fiat roi, those fb ads :D
ThickAsThieves:
BTCJam has loaned out more than 23,000 BTC to people like you. Simple and Fast online application process.
bitcoinpete: not that
btcjam had any reputation to speak of here, just that the word is getting out
bitcoinpete: i've been getting twitter spammed all day over
btcjam doing what
btcjam does
assbot: How Bitcoin Empowers the First Global Peer-to-Peer Lender
BTCJam fluffypony: oh MaidSafe AND
BTCJam will be there! splendid
ThickAsThieves: Economist, CoinTerra,
BTCJam, Roger Ver, Kraken, Bitstamp, BFL, Maidsafe
Apocalyptic:
btcjam is more like a p2p scamming last I heard
bitcoinpete: fluffypony: implementation requires more formality and skill than
btcjam and others imagine
fluffypony:
BTCJam have good ideas, they just have no clue how to bring it to fruition
jborkl: you cant tell me they really referenced
BTCjam on credit ratings?
mircea_popescu: fluffypony and in the case of
btcjam, because they know they're running a scam platform. it'd make no sense to take any steps that make this more obvious than it actually is.
fluffypony: although tbh I don't know why sites like that and
BTCJam etc. don't just integrate with the WoT
fluffypony: on
BTCJam I see a LOT of people with "reputation" loans
fluffypony: what's interesting about WoT vs. something like
BTCJam's profiles is that WoT makes the long-con substantially more difficult
ozbot:
BTCJam Loan (Home Improvement) - 200 BTC Principle, Re-payable over 6 Months
bitcoinpete: ;;later tell mircea_popescu i'm not sure if you recognized fluffypony from a few hours ago but that's the same handle as the forum dood you pwned in "Why finance shouldn't be open to your average Schmoe." I recognized the name because i linked to that piece earlier today after someone tweeted about some
BTCJam "hack." One fluffypony asked for coins for his kitchen, one for his rig frames…
punkman: that's why you don't invest in people that are trying to pump&dump reputation at
BTCJam mircea_popescu: "Peer-to-peer lending is risky. We can mitigate fraud losses by our due diligence.
BTCJam provides great analytics on borrower creditworthiness. "
BCB: mircea_popescu, he left a lot of guys on otc and
btcjam holding the bag as well
davout: mircea_popescu: you forgot the "powered by
btcjam"
ThickAsThieves: i imagine
btcjam will be end up as proportionally unpopular as Prosper.com
ThickAsThieves: i saw a
btcjam presentation once, he was surprisingly transparent
WillTablet: Ima lend it to a reputable borrower on
btcjam or something
ThickAsThieves: ;;rate aethero -10 Sullied everything the WoT stands for. Scammed via Ziggap and
BTCJam mircea_popescu: Venat it was
btcjam with only one borrower (ther owner)
Venat: and wasnt coinlenders something like
btcjam?
mike_c:
btcjam is way easier than mpex. i can sign in with my facebook account.
mike_c: mpex is flaking out, bitcoincharts. what's next,
btcjam starts having problems?
mircea_popescu: until they show proof to these claims,
btcjam is licensed on the pacific ocean floor.
kakobrekla: i think this wants to be
btcjam for ripple
mircea_popescu: before they used to run their icbit /
btcjam / w/e unheard of scams in anonimity.
firsthousefinanc: i haven't heard of any defaults on the otc forum since june,
btcjam has really improved their shit
mircea_popescu: firsthousefinanc you use
btcjam, you get what you get.
Guest73018: i'm just concerned that
btcjam doesn't publish the default rate.
Namworld: Bitmit,
BTCJam, etc... these don't work too well. Not so much revenue I think.
parseval: I wish there was a better selection of stocks.. I'd like to see places like Bitmit and
BTCJam start listing
saulimus: just noticed
btcjam doesn't show APR for the listings, annoying.
parseval: I know they must be, somehow, because they work on
btcjam, but it's not visiting my callback_url at all
mircea_popescu: I ended up losing lots of BTC at
BTCJam.com, thinking that loans are "safe". That's a holdover from the physical, regulated banking world. Not true here. I'm actually a fairly good judge of "character", so I didn't lose all, as I saw that many did there. But I did lose about 30% of what I loaned out. The site itself is fairly good, but the "borrowers" are often not...
parseval: I wonder how strong of a reputation I'd need to have to launch a securities backed loan site that lets borrowers put up shares as collateral and take out BTC loans from people. Kind of like
BTCJam only everything would be 120%+ collateralized and borrowers could keep the dividends that accrue while their loans are active.
parseval: I have some I got cheap tied up securing a
BTCJam loan... I really wish that site would transfer dividends that are accrued while they hold your collateral securities
jcpham: they are talking about
btcjam loans still
jborkl: I just went to
BTCjam , never go there
mircea_popescu: this makes a nice narrative. dwolla was created just to ach money through bitinstant before coinbase came about, all the while being in cahoots with mtgox and
btcjam.
mircea_popescu: "Hey All I Am a long time miner with a low budget. My 1 Gh/s isnt cutting it anymore, or has it for a long time. I need our Help to Secure a Batch #3 Avalon. I Have A Listing Up On
BTCJam"
pigeons: mircea_popescu: no i never found anything on
btcjam it was just for comedy, but its all reruns
coingenuity: Ukto: from what i've seen
btcjam is uh...dubious at best
Ukto: anyone taken a loan on
btcjam? i have some question on it
jcpham: why would i even have a
btcjam account
jurov: jcpham, go to
btcjam and show them your proof of employment
Namworld: No one cares about
BTCjam... that's why
BitHub: meanwhile
btcjam goes on
BitHub:
btcjam should be ddosed
BitHub: mpex should lend out 100btc on
btcjam and never see any of teh btc again
jcpham: so the
btcjam coins are being sold, eh
jcpham: "If Coinbase borrowed inventory off
btcjam (as btcquick does) they'd probably fund pretty quickly and have a better cost basis"
jcpham: pigeons i'm laughing at you right now for the
btcjam account
pigeons: i have an account with everyone, even
btcjam ThickAsThieves: while ive never used
btcjam, i like how the integrated using btct assets as collateral
mircea_popescu: so they end up "investing" in whatever,
btcjam and miner bonds
BitHub: wow guys, i cant believe someone actually paid me back on
btcjam mircea_popescu: if he does things like dropping 100btc on
btcjam he won't have much need to learn anything
BitHub: trying
btcjam.com - i'll give you guys a review in a week. Let you know if its any good or a waste of time.
jurov: lmao
btcjam thinks about "limiting number of active loans per user".. as if that would help anything
jurov: in a situation like... on
btcjam is only some 78% loans paid. and they ask personal info to eventually recover these loans later