Quote from: P M on July 08, 2016, 05:55:01 PM

Quote from: btiAndy on July 08, 2016, 05:32:16 PM

Quote from: Kanati on July 08, 2016, 07:44:19 AM

Quote from: Kanati on July 06, 2016, 07:11:44 PM

Just posted this comment on all my defaulted loans with awards from Dhami Law Firm -

Lawyer Kevin Palley (enforcemyarbitrationaward.com) and I tried several times to ask Dhami Law Firm to verify my arbitration awards are authentic, but no one at Dhami Law Firm responds to e-mails or phone calls. Also unable to download awards for any defaulted loans where I have notes, and BTCjam support ignores my emails about the problem. If you're as p*ssed as I am about getting ripped off and ignored, then WRITE to BTCjam and ask them to get Dhami Law to authenticate our otherwise unenforcable arbitration awards, which are NOT digitally signed by Dhami Law Firm!

It looks like Dhami Law Firm is just as dodgy as BTCjam! Angry

FINALLY got a response from BTCjam Support about missing arbitration awards for loans with purchased notes -

JUL 08, 2016 | 06:37PM PDT
John replied:

Thank you for your feedback and for your email. The awards should be available after 90 days of the default. I forwarded your email to our team, which is working hard to make the awards available. Please remember to check on your Investments page! Thanks for being a member of the BTCjam community!

Best,
BTCjam Support Team

@TULKAS - You have to do better than that Angry

The arbitration awards are still worthless for collecting debts if I can't prove they are authentic, since the borrower could just say I created them myself and they don't owe me anything.

You could easily eliminate this problem by requiring Dhami Law Firm to digitally sign the PDF files for all arbitration awards issued by them. It's not rocket science anymore - JUST DO IT.

I have not tried out kraken yet, been pretty satisfied on BTC Pop...still trying to get the rest of my coin out of Jam without too much of a loss!

about the dhami thing...YES they must do better then that but i see this coins as lost. maby i try to enforce but not worth to do so for 5 cents per loan..but anyway...i hate reading this standard answer from btcjam "they should be available after bla bla"...just no help or support at all. they just earn fees and silence members that try to connect with other members etc....

anyway.....

@btiandy
kraken is no lending site so the one i trust is me only...if i speculate on some profit from "investing" in ether or doa or other currencies then its in my control...well at least i dont have to hope for members to pay back, just hope for price changes that please my speculations.
if i make a wrong move i can only blame myself and try better next time. im not sure if i will register at pop anymore/at all. its just another site i have to trust (thinking of hashocean) and then people i have to trust. the chain is just too long even tho it is fun as a hobby.

and yes im also collection all payments moving them over to kraken and buy some ether at low price....HOPE it rises to 14 dollars or something like that and im happy

Whether our coins are 100% lost or not remains to be seen - the only way you lose for sure is to quit trying.

In any case our probability of recovery would increase if BTCjam provided us with AUTHENTICATED arbitration awards. This is also the VERY LEAST they could do considering how they've otherwise stacked the rules against us investors -

Jam collects their fees up front when investors finance the loan, which means they have no actual alignment with investor interests if the loan is not repaid.
Jam does not post statistics about the percentage of borrower defaults on their website, which is a huge risk disclosure omission for any prospective investor (https://btcjam.com/stats).
Jam suddenly changed the rules by announcing they no longer will issue loans to American borrowers. This of course is causing a wave of defaults on existing American loans, since it removes incentive for these borrowers to repay if they no longer have a future on the platform. So far no help or compensation for investors who got screwed when BTCjam decided to pull the carpet out from under them.
Jam suddenly dumped* net-arb.com as their independent arbitration provider, ostensibly "to protect members from spam". The new provider, Dhami Law Firm, has no functioning website, telephone, or e-mail, leaving investors no way to independently confirm the validity of Dhami Law Firm or the arbitration awards issued by them.
*Net-arb is still listed as Jams arbitration provider under bullet 5 of https://btcjam.com/terms-of-use
Jam is still not providing arbitration awards on defaulted loans for investors who bought notes.
Jam even threatens investors against getting help with collecting delinquent loans!..
Quote
"As a reminder, BTCjams Terms of Use prohibit your from posting, uploading, publishing, displaying, transmitting, sharing, storing or otherwise making or attempting to make publicly available any personally identifiable information of a borrower. Accordingly, the content of this arbitration award may not be shared via any blog, forum, medium or other communication of any kind."
Basically anyone who sends or shares an arbitration award with other investors, a lawyer, or a collection service is in violation of Jams' terms of service (

Potential investors should stay away from BTCjam until they up their game (a lot!). Current investors need to light a fire under BTCjams a** and make them move on these problems.