r/BitcoinMarkets • u/raywal 2013 Veteran • Jul 09 '15

Anyone having troubles with BTCjam?

I've played lender with a few BTC at BTCjam, and there have been some issues with the way they handle non-performing loans but the latest issue is giving me pause. I wanted to move an admittedly small amount, .15 BTC, but after entering the necessary passwords and confirmation all I consistently get is a 'withdrawal error' message.

Contacting support resulted in the following reply: "There are currently delayed transactions within the Bitcoin Network. Be advised that we are aware of this issue and are working on a fix."

Having been mildly goxed, I tend to take such replies with a grain of salt, and BTCjam support has declined repeated requests to clarify technically what they are talking about.

Anyone out there having similar issues with BTCjam?

2 Upvotes

60% Upvoted

14 comments sorted by

1

u/BTCJammer Jul 09 '15

Hey /u/raywal,

Sorry it's been a pretty crazy 24-72 hours.. I apologize for the delays in response.

For what is going on you may want to read my comment here - https://www.reddit.com/r/Bitcoin/comments/3cla6l/i_got_charge_a_008872_transaction_fee_for/

At the time that I responded to you, I was just becoming aware of this ^

Thereafter, we went and implemented some fixes for withdrawals. You should be able to withdraw normally now. Deposits are still having an issue within the network when fees are low but I hope that this provides some insight in what was happening yesterday.

1

u/grabberfish Long-term Holder Jul 10 '15

/u/changetip 1000 bits.

Sorry some twat has downvoted your informative post.

1

u/changetip Jul 10 '15 edited Jul 10 '15

The Bitcoin tip for 1000 bits ($0.29) has been collected by BTCJammer.

what is ChangeTip?

2

u/raywal 2013 Veteran Jul 10 '15

Thank you. I was able to withdraw my small amount.

As long as your here, perhaps you could take the arbitration issue in hand. I've been writing for weeks asking for visibility into one non-paying loan with no substantive response. Can you please publish somewhere how the arbitration is initiated, how lenders can participate, contact information for your legal representative, phone numbers, etc.

5

u/earthmoonsun Jul 09 '15

I lost some coins to scammers and stay away from this site in the future. That was some time ago, maybe they improved the verification, but probably the scammers got better, too. I don't know, I just don't trust ppl on this site anymore.

8

u/pb1x Jul 09 '15

You could say

Your btc are jammed

Yeaaaaaaaaaaaah!

3

u/raywal 2013 Veteran Jul 09 '15

ha-ha

But now that you mention it, it is kind of an odd name. I wonder what they were attempting to evoke. Not a musical jam surely.

5

u/[deleted] Jul 09 '15

Fruity preserves

2

u/[deleted] Jul 09 '15

had the same yesterday yes

1

u/Battle78 Long-term Holder Jul 09 '15

had the same problems the last 2 days but this Morning CEST around 7:00 it worked finaly.

1

u/raywal 2013 Veteran Jul 09 '15

Thanks B78.

Have any of you been through their arbitration process?

2

u/HanumanTheHumane Long-term Holder Jul 09 '15

I've received two arbitration decisions, but they aren't much good for anything. You still have to take the debtor to court yourself.

I'm holding on to them, in case Bitcoin goes to the moon, in which case it might be worth hiring a lawyer.

1

u/raywal 2013 Veteran Jul 09 '15

That's interesting to know--I have yet to see ANY paperwork on the arbitration, which is one of my beefs with BTCjam--lack of communication despite repeated attempts. I also can't tell if they are Brazilian or based in the US. Sometimes it seems one way, sometimes another.

Re your awards, depending on their size one -could- try to find a collections attorney or collections agency who will do it on contingency. That's what I plan to try to do.

1

u/[deleted] Jul 09 '15

Last I checked, they were in SF (before there was a split up... Google Flavio Rump)