Quote from: favdesu on September 22, 2015, 05:31:26 PM

Quote from: hyoung on September 22, 2015, 05:24:36 PM

So guys, what's the conclusion about bitlend.io - scam, legit or in the grey zone and worth benefit of doubt until things start going wrong ?

the conclusion is: anyone slightly related to Josh Garza, CEO of Fraudulent GAW and Paycoin can only make you lose money. don't touch it.

What concerns me the most is the personal and financial information. THAT is where the money is from something like this, regardless of whether Allen realizes this or not. I am certain one of the known scammers he has hired to handle this information do. One thumb drive (or a few clicks of the mouse) and they would have the complete personal and financial records of every single customer in their database- forever. If they manage to build up a database of thousands of people that would be a goldmine , even if the information was used "legitimately". Nobody gives a crap about how nice of a guy Allen thinks Joe is, he has repeatedly demonstrated that he is not to be trusted with ANYTHING, especially information like this. I will give Allen the benefit of the doubt and say that he is simply gullible and not aware of the implications of putting people who have abused personal information in the past in charge of even more and more harmful if released -personal information. At best he is simply making an incredibly bad decision in hiring these scumbags from the Paycoin world. If I were to give a medical diagnosis, I would have to say that Allen has the worst case of Paycoin on the Brain ever seen.

Carmelo Milian's take on it:

https://btclendtalk.org/topic/891/bitlend-io
https://archive.is/dfqPD

Cmilian is sure that this was a Garza production, because it was taking shape at the same time Garza was using GAW employees (probably including Joe) to help put BTCLend together. But, of course, after Garza "helped" create and fund BTCLend, he totally didn't take a cut of the action, because that is just the way Homero rolls.

I also love the statement that "Joe had a copy", and this was the source code for what is now Bitlend. Put that one your pipe and puff on it for a second. Joe made an information robbery (Backdoor? Thumbdrive?) from GAW, and this is now Bitlend? Surely you jest, good sir!