Quote from: Kanati on June 27, 2017, 06:26:54 PM

Looks like BTCjam is finally circling the toilet. Here is a paraphrase of their blog announcement Roll Eyes

(https://blog.btcjam.com/):

BTCJam is closing

BTCJam began with one mission: To help others while we help ourselves.

In the past four years we have serviced more than 20,600 loans in 122 countries, totaling more than 64,000 Bitcoins. We have transferred wealth from thousands of stupid investors around the world and are proud that we helped our disadvantaged and opressed borrowers screw them out of their bitcoins.

We firmly believe the words of the great P.T. Barnum that a sucker is born every minute. That said, we have made the difficult decision to close BTCJam. The heat from Bitcoin regulatory efforts and the difficulties we face from legal challenges and investor lynch mobs around the world are simply beyond our capacity.

No new loans can be made from today onward, and if by some miracle you still have any Bitcoin left stored with us, you have until July 1, 2018 to withdraw it, if you can.

All borrowers with active loans can keep defaulting on them normally. The repayment functionality will remain available until all the loans have either reached their term and either been fully repaid or have defaulted. After that, the website will be reduced to a simpler version that will only show our middle finger, and any remaining balance will be tranferred to our new domicile in Rio de Janeiro.

We extend sincere thanks to all our suckers, borrowers, collaborators, chumps, and everyone else who believed in our dream of working together to rob lenders without borders. Its a mission we still believe in.

Team BTCJam.

Respect...nicely summarized!

btiAndy

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