Bitcoin Forum

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LOL - that's awesome!   :D  The ideas some people come up with!

Luckily, you need to have at least some bitcoins to use this scam, so hopefully these people will know how Bitcoin works and not fall for it.

1.001 BTC stolen so far... monitor here (http://blockchain.info/address/17xVeGvZec5uQhgTupXNJKEs6jM1x8YatC).

This is not a scam. This is just playing on people's stupidity.

Scam (http://en.wikipedia.org/wiki/Confidence_trick).

Yes, this is a scam. Some money has been lost as well. I've flagged the video for removal, and suggest others do as well.

I'll send a quick email off to hostgator.   :)

I flagged it too.

Yup, that's the fastest way to help prevent people from getting scammed from this.

flagged.

or it could be sent by the scammer to troll us.

Anyone who falls for this is so ridiculously naive that they cannot be helped. Even if you stop this one, they will just donate all their money to the next. Imho even a waste of effort to post, those are so easy to create and there are so many of them that people who are stupid enough will fall for them earlier or later.

It should be treated similar to spam.

Why would you do that? Report the video to youtube and that is all you need to do.
Coinbits just gathers videos and news related with bitcoin automatically, without human intervention, so it's natural that sometimes this things appear on there.
How do I know? It was my website until I sold it to Andrew Bitcoiner almost 9 months ago.

Two more similiar to this one

http://www.youtube.com/watch?v=8kBWbnGv6Aw

http://www.youtube.com/watch?v=BBIiuZ7y6Ko

The address for this one has made  0.02026406

Hi,

I found this thread via Google, when I executing the following search:

11400 W. Olympic Blvd. Suite 200, Los Angeles, CA 90064

Earlier in this discussion mlawrence and others have commented, that a suspicious company/domain coinbits.com is associated wit that address.

I would say like in a TV-shop infomercial "But that's not all" - there are many domain registrations where Whois gives the very same address. Mostly they are stinky:

mailinges.com - used for sending junk mail
mailingespro.com - used for sending junk mail
wefeminist.com - there is another ongoing discussion about suspected/likely credit card fraud
bestgiftcardsforu.com - mentioned in still another discussion about possible/likely fraud .
WhoisGuard.com - used for covering up who is behind these domain registrations. Neat way of hiding, isn't it?
.... and the list goes on ...

The only quite normal and respectable-looking activity I have found so far associated with that street address / suite is "Forster Realty Advisors" (http://www.hgexperts.com/expert-witness.asp?id=45351)

I really wonder what kind of activity is going on in that address!

Is there any member who lives in L.A. and could go and check the address physically? Is it real at all? Which companies are listed there on the lobby wall?

I would not do business with any company/domain having that street address without checking them out very well!

Also, if anybody is subjected to a fraud by these people, or anybody else, one should report them to get them out of business and behind bars. One possible way for that effect could be via: Internet Crime Complaint Center, who is a government organ associated with FBI. (See: http://www.ic3.gov/faq/default.aspx)

- poohbear