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Maybe try for a local trade? Less problems that way.
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A little bit dissapointed with the turnout, all that I picked up was a 2 Oz 2011 Year of the Rabbit silver coin, from the Lunar II series. There was a lot of neat stuff, but most of it was a bit out of my price range.
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Incredibly tempting, however with no escrow options, its really not a great deal. Please reconsider your view on escrow, maybe look around and find a suitable option?
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Heading to a show today, watch for neat new additions to the list.
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Thanks for your pms everyone, but I think I'm set for now. I may have more Bitcoins to sell in the nearish future, as I do business from cash > metals > BTC and I need to repeat the cycle.
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Price Reduced, and ready to sell.
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Yeah, they have been targeting the moderators too. We all got that pm, and have been banning people left and right. Tis a bit annoying.
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Heh, the day before the "hack" I was writing a post to apply for the sig campaign, I was finished, when I figured I'd wait until my post count was just a wee bit higher so I'd be in the top payment tier. I was seconds away from making an inputs.io wallet as well.
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Just got the tracking information from Mike. You should expect to have them in your mailbox from me by next weekend.  Neat, thanks for the update. |
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Very neat, I'm sure there are threads somewhere with an estimated release date, but would you mind posting here? Its a neat concept, and I''ll be sure to look into it further when its out. If your picture isn't Harry Enfield then you are doing something wrong. http://www.youtube.com/watch?v=ON-7v4qnHP8 |
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Heh, sorry guys, I got a few pms from people asking what was up with their tracking info, as it said it was received by the post office, however there were no updates after that. I checked my voicemail, and I had a call from the post office telling me that I had forgot to check the, "I agree that what I'm shipping isn't flamable, dangerous, etc, etc" box on the customs forms. So I've got to go in and do that before they are allowed to move the packages.
So the down side, is everything is delayed a few days. On the upside, nothing has been lost or stolen or anything like that.
Sorry about that, won't happen again.
So I went in today and signed for everything, so all packages that were stuck in transit should now be moving. They just made me remove the lighter fluid from the packages with the customs declarations saying, "collectors coins" first. |
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I can buy a few. let me know. how about cash deposit in your bank ?
The problem is, I use USAA, and the nearest bank is about 1,000 miles from me. That and, I'm not a fan of banks (for obvious reasons) and because I'm a precious metal trader which requires cash, bank wire, or check to buy or sell metals. My bank's wire transfer procedure takes literally hours, and I can't withdraw money straight from them due to location. I actually don't especially need the cash anymore, as it wont be here in time for the coin show I was going to tomorrow, but I'll still leave the offer on the table. |
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If you don't trust your escrow agent, you shouldn't be using them as an escrow agent.
The idea behind escrow is to use someone you trust as an intermediary in a transaction with someone you don't trust.
I think the issue he was talking about, is what if I sent the coins to escrow, they sent the cash, and instead of sending me cash, they sent me some newspaper clippings that are roughly the same weight as the cash would be. Then I would be saying that I didn't recieve the money, and the person buying the Bitcoins with have tracking information that said delivered. So the escrow agent would have to decide who gets the Bitcoin. |
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If you check his trust, you see that Theymos added him to default trust, with the comment, "Responsibly disclosed forum security flaws." so I'd imagine thats how he got on the default trust network.
But really, he had tons of feedback, being on the default trust list I don't really think gave him any additional power after he had an additional 100 people leave good feedback for him. Assuming Tradefortress actually planned the long con if it was one, the default trust wouldn't help him all that much past a certain point.
In all fairness, I believe its just as likely that he staged the hack, as it is it was actually a hack, and now he just can't pay back the Bitcoins. Either way, a lot of people are out money.
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Guys dont worry tradefortress who stole 4000 btc is on the default trust list!
Right. The Trust system isn't really designed to deal with "long con" situations, but it was performing particularly badly in this case. I changed the algorithm to more severely limit the maximum number of positive trust points you can get per month.
(I'm not saying that TradeFortress is or is not a scammer at this point, but someone with more than 30% negative trust ratings should have a negative trust score.)
I also removed TradeFortress from DefaultTrust (early yesterday), so his entire branch of the trust network is now untrusted by default.
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That's not true at all. Registered mail doesn't have to be inspected to be sent. I don't know where you got that information, but it is very wrong.
I use registered mail on a regular basis for high value metal sales, as thats the only way to insure silver bullion if its being shipped. You have to package it in front of the post office employee, and they make sure that the package is sealed correctly, and you are shipping what you said you are shipping. |
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Don't use Coinabul! They are a bunch of scammers. They owe a lot of people money.
This, Coinabul is very untrustworthy. I'd recommend Angora, or Amagimetals |
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I'd like to know more about how sending cash in the mail works in general. How are the buyer/seller protected by escrow?
There seems like no way for the escrow agent to validate that the buyer of BTC actually sent the cash, unless the escrow agent receives the cash and forwards it to the seller. This can create a certain counter party risk from the escrow agent.
At least with cash-in-the-bank transactions there is some receipt given by the teller.
It sounds like SaltySpitoon has some experience doing this so I'm curious how fraud is prevented.
Well, fraud can be prevented a few ways. Registered mail is the best option, because its the safest shipping wise, and can be insured. When doing registered mail, the post office employee has to physically watch you seal up what you say you are sealing up in the package, so you can't commit insurance fraud. If you are shipping via registered mail, you can't just ship someone a wad of construction paper, with a tracking number and say it was cash, because the post office wont allow you to do so. I've done a few smaller cash trades which didn't require registered mail, and we just did overnight shipping, but for larger sums of money, it is certainly worth doing everything right. |
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That's all fine and dandy but the real question is, how tough are ya?
Well, my dietary norm consists of nails for breakfast... without any dairy supplement... I plan on going to a pretty large coin show this weekend, I hope to be able to pick up some interesting pieces. |
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I'm off for the night. If anyone is interested pm me, and I'll get back to you in the morning.
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