Avoid Prosper.com: Scam Alert | The Original P2P Lender Has Gone Bad
Warning:
If you are thinking of investing or borrowing with Prosper.com, don’t, run away. They have turned into a loan shark total scam company. I’ve been investing with Prosper.com since 2011. They were the first P2P banking company and made a big disruption to the banking industry when they first appeared. They scared the banking industry so much that they tried to shut them down in 2008, but Prosper won their case in the Supreme Court and were back in business a year later. This was before Bitcoin was on anyone’s radar so the banks had to crush this better way for people to invest.
How P2P Lending Works:
Banks and P2P lenders both rely on credit history to determine who’s eligible for loans. Banks are pretty picky and are quick to deny people loans, but P2P works like BitTorrent. Rather than lending $10,000 to one borrower from a single source, P2P breaks that $10,000 loan into 400, $25 micro loans that several lenders can agree to lend. For the borrowers who get rejected by traditional banks it can be good because P2P banks can still lend out funds (at extremely high rates) as long as enough people agree to lend them $25. For lenders it is good because they only risk $25 a time diversifying their investments and can get up to 30% ROI.
Going Downhill:
Prosper used to be a great way to make passive income. Their interface was clear and easy to use and then it slowly got worse over the years. Lenders used to have the option of clicking on CLASSIC VIEW, but now you will see this cute little rocket telling you that it’s gone.
P2P lending is still a great idea, but it needs to be done on a public blockchain to avoid horrible companies like Prosper. I don’t know why they became so bad, but they must be going bankrupt or something. If you call them, they will be very polite, but will lie about your funds or when they will arrive. Many borrowers have complained that they make it hard to pay off loans early. If lenders stop reinvesting their gains, they will put the account on hold and freeze your cash only to make false promises about when the money will arrive.
I can only guess to what went wrong. Maybe Wall Street thought that since they can’t crush them through the courts that they should infiltrate them or buy them out and make it a horrible experience so no one ever uses P2P again. It really doesn’t matter what went wrong, just avoid Prosper.com altogether. I know there are some crypto P2P lending platforms, but nothing as big as Prosper yet. If they model it after Prosper’s original model and make all loans publicly viewable on their blockchain, it will work fine.
I honestly don’t care if this post makes one cent. I just hope it shows up on Google searches so people can avoid this now dishonest scam of a loan shark company.
On steem?
Self proclaimed community watchdogs are actually hacking and stalking people.
This group https://steemit.com/@steemspeak is ran by https://steemit.com/@fyrstikken, They are hacking people that enter this discord server https://discordapp.com/invite/sqxV63P . Once you are hacked they profile you long enough to know all of your activities. They introduce workplace gangstalking visits and bring it to your attention cleverly and discretly so only you get it. They are very covert and tricky with everthing they say and do in this server. Some claim to have worked for or are working with the FBI and the NSA. Mixed with decomisioned traders and coding criminals, Its a scary mix of creepy people and thier intent is to drive you crazy and deplete everything you have ever aquired in life, even your freedom.
My hacking started with them introducing ransomeware that has options, dump my coin or delete my system drive. They acnowledged this to me in the server as it happened.
This hacking and stalking is done so they can manipulate the target to pump and dump for them. Threating and Making victims wear head phones, so nobody in your household can hear thier dramitization towards you. In 2017 this server was sidemarked as a drama show for entertainment purposes only as en excuse to say whatever they want all the way down to killing a politician. They have a server side command called "hey asshole" making a promt come up instructing everyone to wear headphones. They want everyone wearing headphones so nobody in your vicinity can hear them mess with you. Fystikken says its because of "mic feedback" but once your a target you get exactly why they make eveyone wear headphones.
With headphones on they subliminally direct victims with very low suggestive whispers mixed into their radio shows music. Combine this with them being able to manipulate their own individual outputs sound volume, which they control on the server side, they can pick what individual people hear and what at any given time. They decide who you hear on the server and change the volume controls for them. They can make some really low or off for those trying to investigate. They control who hears what and know who is who.
This team will find absolutely everything they can about you prior to using thier sugjestive and threatning program. They Introduce pictures that mean something only to the target, inducing paranoia while they watch and listen thru all of your circumvented devices. They are very aware of what makes you tick. They know your work schedule and use it for work stalking along side of this. I received multiple threating letters to my work and home addressed to my screen name from this group.
Fyrstikken tells people to sell their houses to buy crypto then dumps it on them. He has done many pump and dump scams. Quatloo being one of the first I witnessed and was done multiple times thru 2016 and 2017 them. It should be investigated for fraud. https://bitcointalk.org/index.php?topic=655793.0