I dont trust their code. I dont trust them. I dont like their inflexible model. I dont like the amount of scammers they attract. I dont like that accounts there are so anonymous, so scammers can loan themself btc, repay on time and get reputation ...
I'm in no way related to BTCJam and you are free to like or dislike anything you want, but your comment doesn't sound very rational.
You had access to their source code? Do you have any reasonable reason to not trust them? Anonymous accounts can't rate others, I had to verify myself in order to make a loan listing.
I found their system very useful and the site works pretty well. It's saddening how people is so negative around here.
Im no fan off btcjam nor do I have any funds there, next time you can contact me directly when / if you need another loan and have collateral to offer.
Something I should be concerned? So far I'm really liking their service, they say the service is free for investors.
Post
Topic
BoardLending
Re: Eisenhower's Lending $500 / 5 BTC available
by
bones1
on 20/06/2013, 20:13:21 UTC
I have a secured loan available at BTCJam. I'm using my ASICMINER-PT shares as collateral, the current sell value is 102% of the loan amount. (they keep the shares in escrow).
The return is 2% per month, it's not 10% but is 102% secured!