btiAndy,
What I meant for that was forum software, although the moderators here are well know for censoring posts they don't like here and elsewhere.
It is interesting that the guy that was complaining about us not being hard enough on scammers was letting an obvious scammer post using my account and instead of trying to prevent it he went on to attack me personally.
Bitcointalk has a lending session. What do they do to prevent scammers there? Are the mod's scammers because they let people ask for loans using the forum? What about the ponzi schemes? This forum hosted many of them, are the forum operators responsible since they hosted many of the "obvious" ones? If you prefer the diligence they do go to their lending session and lend your money there.
We do a lot of work to try to remove the scammers from our platform, we hired one person that calls every single new borrower before the listing is posted. We check job references, we check bank accounts, among many other things. Some loans go bad, just like they go bad here and everywhere else.
Tulkas,
I do not think bitcointalk touts itself as a p2p lending site like you advertise BTCJam as for one thing, not a very good comparison really. Even there though, it appears for the most part it works better than Jam as members can freely talk to each other, comment on a borrower's request in the clear, demand some kind of collateral, etc... On BTCJam I have openly seen scammers start up loan requests and obtain funding without being able to pass a warning on to others. They get funded and then run...not much of a community for investors really.
If you really want to explain how your security works, look to the post I made a while back regarding this case:
https://bitcointalk.org/index.php?topic=112447.msg15100653#msg15100653
How do you explain this one to investors? Please note that I am in contact with the borrower who was suspended so I do know a bit more than you may think about the situation. He has told me his side of the story, what's yours?
Whatever you are doing to prevent fraud you need to do better. Your arbitration notices are worthless by the way, already checked for use in Europe, without an Apostille there is no chance and since your wonderful and mysterious Mr Dhami is nowhere to be found, we all are screwed. Remember, you pulled out of the US, investors like us in Europe are going to become more and more important moving forward!