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2021  Bitcoin / Bitcoin Discussion / Re: Who has bought any precious metals with bitcoin? on: May 05, 2014, 07:04:57 AM
I "traded" almost 100oz of silver coins with someone for BTC because he wanted to get his feet wet in the crypto market.
2022  Economy / Goods / Re: [Sell] VFirm - VAGINAL TIGHTING CREAM: Price 0.10 BTC per tube on: May 04, 2014, 08:09:41 PM
Is this cream edible? Like, instead of spreading it on vagajays, can I just eat it?

PS - Cryptogirl and Kyle, stop flirting. Get a room and just fuk already.
2023  Economy / Invites & Accounts / Re: [WTB] BOA Bank Account on: May 04, 2014, 08:03:31 PM
How is this possible when the SSN is tied to the person that opened the account? Lets say I sell you my account, and you commit mass fraud with it. Then I'm the one going to jail, not you.
2024  Economy / Goods / Re: [WTS] 2012 America the Beautiful 5oz Silver Collector Coins - Full Set! on: May 02, 2014, 12:44:48 PM
Did Mercanti actually signed it, or is the signature just printed on the label?
2025  Economy / Goods / Re: WTS: 1000+ oz silver for bitcoin on: May 02, 2014, 12:04:09 PM
What varieties do you have? I'm assuming mostly larger 10oz or kilo bars?
2026  Bitcoin / Bitcoin Discussion / Re: Poll: I am addicted to BTC price checking. Please VOTE on: May 02, 2014, 12:02:37 PM
Once a day on average, just like most people.
2027  Bitcoin / Bitcoin Discussion / Re: Next time someone tells you Bitcoin is bad cuz its used for Illegal Activity... on: May 02, 2014, 12:01:26 PM
That's a shame, that guy should have bought some btc. That way, he wouldn't lose all his wealth like that, and also drive btc prices sky high. Win-win.
2028  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto True Identity to be Revealed on: April 27, 2014, 04:23:20 AM
Yet another journalist, revealing another satoshi. Anything else new?
2029  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][POOL] Profit switching pool - wafflepool.com on: April 24, 2014, 02:44:00 AM
The pool's hashrate increased quite a bit in the past few days.
2030  Economy / Goods / Re:  [WTS] Lealana 1LTC Physical Coins UNREDEEMED x20 on: April 23, 2014, 05:29:47 AM
Is that a joke? 10 LTC premium for each coin, and the coins are not even silver bullion. And it's not like we can even buy 1 coin, have to buy all 20...
2031  Economy / Trading Discussion / Re: Scams on Localbitcoins on: April 22, 2014, 10:54:53 PM
I got scammed on LBC a couple months ago, first successful scam pulled off against me in my life... I was sent a $1k BOA transfer, money is in my account, I released BTC and their BOA transfer was reversed back to them - and I have done literally 100s of these before without this ever happening (I and others thought this to be impossible.)

So be careful.  Always know what you are dealing with online.

I also want to know how this could happen.  You do not need to show ID to deposit money into an account, but you do to withdraw it.  Also, what type of transfer was this, and were all accounts involved BOA?

This was an internal BOA transfer.  It happened because BOA claimed that the account that sent me money was hijacked by hackers, hackers sent me the money then I sent them bitcoins.  So false fraud was committed against me.

Interestingly/unfortunately/oddly enough, after having an account open with BOA for nearly 11 years, they closed my account 1-2 months after this incident.  I was a member of their highest public $ tier (platinum honors) and have never been in debt or caused them problems in my life.  This is the only reason why I think they may have done this, because they would not disclose the reason for closing my account.

That said, "anonymous" cash deposits are also reversible.  So you need to take precautions with those as well.  Anything banking related what-so-ever is reversible, I can guarantee you this.  Some are less so than others.  I learned this the hard way and I'm telling everyone here so you know what a shitty financial system we have out there and mostly so that the scammers do not win.

Hi there,

What I would do is propose the following:

1) Either way 1-2 days until the funds are cleared, in which case I would walk into the bank and withdraw the funds in cash myself at a bank's branch.

Or

2) Transfer the funds out of your account into another account.

I think it's the bank's system's which should be able to pick this up, don't see why you should be liable for something that their systems should be picking up.

Waiting is one of the best ways to help yourself, but then you run the risk of irritating the other person waiting for bitcoins as they are locked in escrow.  You can read up on other things you can do to protect yourself.

If you transfer the funds out of your account and then a reversal is successful on the fraudsters side, then you will go into the red on your bank account and will be indebted to the bank.  That will not work out in your favor.

Regarding your last paragraph:

You have a point there. BUT you can always argue to the bank that it is their system that was not compromised, and therefore, not your problem. I have worked at a bank, seen multiple customers who say this, they kick up a bit of noise in the branch, and before too many customers start worrying about why people are angry with the bank's service, the representative assures them that the bank will not be deducting any money from their account.

Waiting will irritate buyers. So walk into the bank and withdraw the money Smiley Once the bank allows you to withdraw money, they are basically saying "funds have been cleared" Smiley

No, this does NOT work, and I'm speaking from personal experience. I've lost several thousand $ to a scam like this, where after the buyer reversed the cash deposit after I released the bitcoins. I said this is not my problem, I have clear definitive proof that the transaction went through, but the bank said it was a fraudulent transaction according to the owner. The bank was obligated to return the funds, no other details were told. Shortly after, my account was closed, and I was the one flagged as fraudulent.

This type of incident is just disgusting. I lost bitcoins, cash, got my account closed, and reported as fraud to chexsystems. It makes me feel that the bank was more of a scammer than the thief.
2032  Economy / Goods / Re: WTS Redeemed Titan Bitcoins on: April 19, 2014, 10:05:10 AM
I'm assuming this is the nickel coin, not the silver one?
2033  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Big Scam on: April 18, 2014, 08:57:40 PM
In my opinion Bitcoin is a big scam which created by drug dealers, hackers, illegal money resources.We buy bitcoin to sell it.  It likes gambling. Everyone wants to make money easly. But there is no way to make money with buy bitcoin. We just beleive it and pray like the religion. Nobody really knows how to work bitcoin system.It is just there is a thing that value XXX or XXXX. But need to realize that we do that. There is no real thing.

I am lucky because I quit bitcoin buy and sell.

Do not angry me it is reality. I respect if you agree or disagree.

How is it possible to make every sentence a wrong statement? This shows zero understanding of bitcoin.

Luckily for us, you quit.
2034  Economy / Goods / Re: Titan Bitcoins - Physical Bitcoins with 2-factor authentication on: April 18, 2014, 08:49:45 PM
So that means if I order from you, my personal info is kept in case you need to hand them over to FINCEN? If you comply with the KYC and AML laws, that's what you must do, no?
2035  Other / Meta / Re: The definitive explanation of how activity works! on: April 18, 2014, 11:24:18 AM
So a meaningless post count number is not enough, now we need to complicate it further with an activity number...

PS - 4 more of these activity points and I get promoted to HERO status  Cheesy
2036  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core (Bitcoin-Qt) 0.9.1 released - update required on: April 18, 2014, 11:16:49 AM
Dam I'm still using 8.6 QT. It seems like there needs to be constant updates. What if one were to take a break from bitcoin for 5 years? There has to be a better way to not have vulnerable wallets during this time.
2037  Economy / Collectibles / Re: Silver Wallets a new kind of physical storage for your bitcoin on: April 17, 2014, 11:35:51 PM
Which mint made these coins?
2038  Economy / Goods / Re: Titan Bitcoins - Physical Bitcoins with 2-factor authentication on: April 17, 2014, 11:06:02 PM
TitanBTC, very beautiful coins indeed. But are you even just a little worried that you'll get a letter from FINCEN, just like what happened to Mike making the Casascius physical coins?
2039  Bitcoin / Mining / Re: Electrical Responsbility on: April 16, 2014, 08:54:05 PM
joesmoe2012, lets look at it from another perspective: a lot of people in your neighborhood were heavy miners, and you were one of the few that didn't mine. Not only do you constantly not have power, but now the power company is making you pitch in to pay for an upgraded transformer, even though you had nothing to do with it.

Do you think this is fair? Or should all the miners be responsible for the upgrading cost?
2040  Bitcoin / Bitcoin Discussion / Re: "Merchant acceptance is NEGATIVE for bitcoin" on: April 16, 2014, 12:03:13 PM
He says, essentially, that the more merchants that are accepting bitcoin the more the price of bitcoin will fall, because they instantly convert it back to fiat (thus putting in SELL orders). So customers who own bitcoins and use them actually sell them onto the market, indirectly.

And where would the customers first get bitcoin to pay the merchant? Oh that's right, the customer has to buy the bitcoin first. On a global scale, the amount of bitcoins that customers would have to buy, would equal the amount of bitcoins that merchants will sell.
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