Statistics here: http://casascius.uberbills.com/Casascius has produced $104 Million worth of Casascius coins, and thats not even taking into consideration the 200+% premiums some coins have. If he had been saving the private keys, this would by far be one of the longest cons in history. However, hes making a pretty penny on the coins, so he has no reason to scam. As long as he keeps making the coins, he has guarenteed millions in income. That being said, the issue is about the feasibility of physical coins as you have said. First off, it is true that the tamperproof seals can be removed. It was done once by professionals, but iirc it took a significant amount of time and expertise. He also took their feedback and improved the coin security I do believe. As far as storing Priv Keys, I could have sworn he had a key generator which autodumped the keys after printing and were completely erased. If those things are indeed correct, all we have to do is trust that Mike isn't lying about his key generator. |
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Because they can trick people into sending them money by using their status. Always use escrow.
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or why theymos reads / skims nearly EVERY single PM and clicks on links that are totally inappropriate.
Well, thats news to me, must be a busy guy to read through millions of pms per month. He has said that he has gone looking for specific things before and happened across other pms, which is why there is the warning that says to encrypt any sensitive info. what donors/vips got banned? and why? i find that funny.
Goat has been banned before, but hes back. And quite a few have been given scammer tags (Back when scammer tags were given out) I don't know, I guess its in my personal opinion anyway, and from what I've seen, because someone is a donator or VIP, they don't get special privledges. They get a title, a private donator's section (Which staff are also allowed in) and they get a shared ad space. I don't think I've ever had to moderate a VIP/Donator though, because its not often that there is any reason to. I moderate death threats and completely over the top obscene language and images, malware, and spam. If you are going to pay 10 or 50 BTC, chances are you value your account enough not to want to get banned. Alot of donators and VIPs have turned out scammers, but I guess I don't find that all that surprising, if you can make more than 10 BTC scamming as a donator, or 50 BTC as a VIP I suppose it makes sense. |
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My Rabbit on his 9th Birthday. Far more exciting than my picture. And yes, I messed up the icing hence to blue smudge.  |
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Heh, talk to Goat. He will tell you that VIPs and Donators don't get special treatment when it comes to moderation. That being said, I'd imagine it has to do with the logic, that the majority of donators and VIPs aren't going to pay the money to get the title, and then cause trouble and get themselves banned. They have a financial stake in their account, so it would make sense that they would be more conciencious.
That being said, Satoshi is the only person who gets special consideration. It is strictly against the rules for anyone to touch Satoshi's posts, not that anyone would want to.
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I'd say the majority of the reports I receive are bad reports. That being said, I'm aware I'm a lot more lenient than others, so if the reports aren't outrageous but not something I choose to moderate, I'll hit the ignore button, so it doesn't show negatively on people's scores.
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Yeah it stopped updating a few months ago, it was using too many server resources
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I guess I was coming from the question:
Is it your responsibility to warn people of this by stickying a thread?
I disagree as it is the individual investors' responsibility and risk.
I still stand by my comment, I think the thread is unrelated to this forum. Perhaps better put into service discussion?
Not really my responsibility, but I felt that it was probably a smart move. A lot of people trusted Real Solid, MCXNow had a fair bit of volume, which means someone must have been using it. I thought about the interest system, and how likely it was that someone would have dumped coins there, and planned to just not check it for a while to see what they had accumulated. This thread is mostly for those people, as well as those living under a rock and don't see the Crypto news. Why I chose not to make accusations, and post strictly about the fact that it is closing, and allow speculation for everyone else, is that it doesn't matter at this point. What does matter is if you have coins on the exchange to get them out. All that being said I would never trust RS again knowing what I know now. BTC-E seems pretty damn shady as well.
So what altxchange is safe? Safer? Safeish? Cryptsy?
There is NO safe place for your Bitcoins unless keeping them in an offline wallet. Every time you move them to a place, you take risk. Agreed, the safest place for your coins is on a properly secured personal wallet. As to what Exchange is safest? None of them really, however I do have a personal hotspot for BTC-E. I was there about a year ago when someone managed to inject $40,000 fake USD into the system, and purchased $40,000 worth of Bitcoins from users with nothing. BTC-E was the only exchange that I've seen that stepped up and refunded their users instantly, and took the $40k loss out of their pocket. Mind you this was back when BTC were $5, so they weren't making thousands per day on trading fees. I find it funny that the shady Russian Exchange is the one I trust the most. But! Do you own due research, no exchange is safe, its just a matter of finding one that you trust with your money while you trade, and then taking the money off of the exchange. |
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I personally think this shouldn't be stickied at all. I think it belongs in scams section.
When did we ever sticky a BTC-e thread? Never to my recollection, this should be no different. I.e. keep the standard the same for all.
People put coins into an exchange it isnt the forum (here) who should be responsible for their negligence of their coins and where they store them.
People need to start doing their due diligence before sending coins to an exchange or merchant (including purchasing coins from myself). It is the smart thing to do.
@Salty, I think stickying this thread only gives mcxnow.com more attention than it needs (i.e. more advertising for RS).
Clearly he doesnt think his share holders are important or else he would not be closing up shop like this. It is blatantly obvious.
No, the sticky says get your coins out before it gets shut down. The intent of the post wasn't to call RS innocent or a scammer, MCXNow is/was a large exchange that handled a lot of Alt Currency trade. If people had coins on there, and just were letting them sit for the interest, they might not be aware of the shut down, and that if they don't withdraw their coins within a month, they will either have them stuck there or gone, depending on the whole outcome. As for advertising, I'm not worried about people seeing the Shutting down notice and thinking to themselves, "Now would be a good time to try out this exchange that I saw advertised" |
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Most other sites have a policy against selling accounts. While they cannot always control it they also do not promote it. The people who run this site promote the sale of accounts directly in threads. They claim it is a way of warning new users that accounts are sold. They can warn their members without promoting it. Unlike this site, most other web sites are run by adults who take responsibility for their actions.
Most sites have to deal with a handful of people who are tech savy enough to evade modern banning, alt account creating, and account selling techniques. This isn't a Hello Kitty forum, the users here know how to get around anything we could throw at them, so by allowing account sales, people aren't disallusioned into thinking it couldn't happen. Sure we could probably stop 25% of account sales and multi accounts and such, but then those people that care enough to do it right would be able to cause a ton of damage. Anyone who follows things closely knows they are sufficiently associated and could be drawn into any prosecution or civil suit. Further, their stated mission is to help protect Bitcoin users from the kinds of things that go on here. Now only should they disassociate themselves from this site, they should be warning users about it. Specifically, they should have warned users about inputs.io as people like DannyHamilton were already sending plenty of warnings. If DannyHamilton knew enough to give all those warnings the Foundation knew or should have known.
The Bitcoin Foundation could have been sued for representing Bitcoin which was used to buy drugs on the Silk Road. Honestly, I think the whole Bitcoin Foundation idea is stupid, and I've got personal bets with a few people as to when they get sued. On topic, you gain trust be being a long time member in good standing. Always use escrow, and always assume that someone is trying to steal your money. |
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I thought coinbase let you buy with a verified visa. I've never tried it though since I don't have one.
I've heard an unusual amount of bad feedback about Coinbase, so I'm weary of them. While I don't think they have outright stolen anyone's money, I've heard more than a few cases of people buying at $X and then Coinbase decided to just hold the transaction until the price rose, and then they then got less BTC when the price went to $X+Y, or just decided to unverify well established and verified accounts. |
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You can't buy Bitcoins with Credit Card, because after you recieve the Bitcoins you can easily just contact your bank/card issuer, and dispute the claims. Say your card was stolen, or that you didn't recieve what you paid. The seller is now out $1000 and there is nothing they can do about it.
I sell coins from time to time, but I sell for cash either locally, or have people send me cash in the mail, but absolutely nothing chargebackable. I've had a few people even try and bounce checks on me, trying to pressure me into sending the coins days before the checks bounced.
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Heh, thats what they told me at $10. Good thing I listened!
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Is there anyway I can get around the new law in Maryland to purchase one of your ARs or AKs?
I understand the lower is the problem, but without the lower, what is the point?
Maryland's new gun laws are rediculous, not only are you not allowed to buy out of state, but you have to take a gun safety course just to own a firearm. I'm going to preorder a knife safety course, because its inevitable. You will need to be trained to cut your steak. |
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