And why doesn't btcjam have a forum like this where members can discuss this stuff?
Why no direct link to social media connections?
Why don't you update ebay feedback and create a direct link to ebay?
And why don't you create loans with collateral as an option?
1. We're not that interested in having a forum at this time. Primarily working to develop other features at the moment.
2. Privacy laws.
3. Regarding the update, we do get these things on the backend but we lock numbers for many reasons. Direct link falls under privacy laws as well.
4. Collateral is a lot tougher than you may assume, it's a really tough model. One thing immediately that comes to mind is that some loans might have hundreds of investors. Working that many investors around a piece of collateral is tricky. Also - this model has proven to have success (lendingclub + prosper).. I think we can find ways to strengthen the business and returns without having to move to collateral based loans.
1. I understand you can't do all at the same time but I see a severe lack of communication between staff and investors which leads to frustration. Recently some loans received a lot of comments and most are from confused investors not knowing what happened and staff never shows to explain. I guess you'll point me to the support e-mail (which I don't use often because I sense it must be overloaded) but investor keep saying they are not getting answers from staff. More and better communication between staff and lenders would benefit all and if you don't want a forum now at least please comment on the most controversial loans.
2. If borrowers agree to share in order to get a loan would that violate any law?
4. Collateral would have to be sold to the highest bidder.