Quote from: arallmuus on July 28, 2015, 09:40:18 PM

Quote from: dothebeats on July 28, 2015, 07:06:38 PM

Last time I checked, btcJam is strict on the details of the borrowers there, so I think faking details would be hard

Faking details is never an issue there because I have got an arbitration award of someone that is actually a fake identity which I dont care because it is a small amount but the main point is there are currently a lot of potential scammer there. Pretty much the one that got profit there would be btcjam and the scammer.

Quote from: Borisz on July 28, 2015, 07:57:29 PM

the borrower had A+ rating, he got away pretty easy.

Which is the sad truth , even A+ ratings turn into a scammer once he got himself a lot of loan. Kinda a new scam in btcjam, build up yourself with alot of legit loans and ask for a chunk of it in the future just to grab it all away

Quote from: Borisz on July 28, 2015, 07:57:29 PM

It was a small sum and arbitration didn't affect it as it didn't go back that far in retrospect.

Unless you put on a large amount then pursuing the defaulter is simply a workload assuming he is not in the same country with you. The cost to bring a legal action to the defaulter might cause you a whole lot amount then the amount that you lend , simply not worth it

btcjam is just one way to the most steal your money gettin an A or B or C reputations means anyone of them can steal you without pay,there is currently margin trades that allow you to gain interest daily ,works like loans but there is colateral to protect you and money cant be taken out from the exchange before pays lol,search poloniex they were pioner on those feature