I think BTCJam is really cool and I generally love P2P lending. So I did a simple experiment. I collected historical data from BTCjam and other Bitcoin P2P lending sites. Then I ran a simple simulation, where I invested into each loan on the platform and observed the outcome. Needless to say, I ended up with a huge loss.
How does that make any sense? You think it's cool... But, you ended up with a huge loss?
What did you do, invest in btcjam on like 3 shitty loans and they all defaulted?
probably invested in some shady looking "trading loans" that promised "large profits" with "skills," or one of those that invested into "cloud mining," way too many of those obviously fishy loans from what I see on there, along with tons of fake references from fake accounts.