Yeah yeah... noob-sock-accounts talking on how BTCjam is great is the proof that you should avoid this service.
I think I've been around here a while.
Take back your BTC before it's too late.
What are you waiting for ?
BTCjam is runned by very respectable people. They are already VC funded and featured at the coinsummit.
Their idea is pretty awesome.
You on the other hand are being emotional and unreasonable due to your own failure to properly understand what you are getting into.
It took me exactly 15seconds to look at their listings and see an obvious difference - some are in BTC, some are in BitStampUSD. Doh.
There is a clear reasoning as to why both options exist. Some people are bullish on bitcoin, some people are bearish (lets not forget loans vary from 7days to 180days and more, thats a whole lot considering btc volatility).
Imagine a borrower thinking of borrowing BTC converting to fiat, paying for service/salaries/whatever, then having to buy back into btc at higher price. Obviously thats a problem.
Or the other way around, a lender who is bearish on BTC is thinking of investing BTC, he waits to recover BTC loans at 5%interest and price of btc drops 20%.
So thats why they got both.
Please stop trolling
. However, currently, our repayment rates are above 90% and investors are getting 19% APR
Could you give more information on this? I mean was the rate 50% 10months and then you had one good month (december?) at 90%?
How up to date is that figure?
Why not publish more information on those defaulted loans, so that we can all learn from it?
Dont be scared to make the interface too complicated - the more data and stats the better!
Also start replying here more often, hire more support to help. Live chats, open phone lines, 24hr reply time on all emails, etc.
You really are slacking in that regard.