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1  Economy / Speculation / BITCOIN aka BTC/USD is scamming me. on: March 24, 2015, 08:23:48 PM
People in here (a lot of hero and legendary members btw) told me for the last 15 months that i just need to buy and the price will go up but it always turned out to crash even more. I really think that BTC and all the bull scammers should be banned for scamming everyone. I just wrote another complaint to the PBOC btw...  Angry
2  Other / Off-topic / Any paid trolls/shills in here? on: February 12, 2015, 04:37:41 AM
I need to know how much you get paid? Also does your employer pay per each post or just a monthly salary?
Do you think 10$ per post is too meagre?
3  Bitcoin / Bitcoin Discussion / Hongkong lawmakers wants to ban Bitcoin!! Bitfinex, Huobi, Okcoin in danger!!! on: February 11, 2015, 12:33:34 PM
"Hong Kong lawmakers on Wednesday urged authorities to ban bitcoin as more than 25 people flocked to police headquarters to complain over a scam involving the digital currency that media estimate could have duped investors of up to $387 million (253 million pounds)."

"The government should clamp down on bitcoin, said lawmakers Leung Yiu-chung and James To, who accompanied the complainants, among them Nepalese and mainland Chinese, as well as Hong Kong citizens.

"The government should not just stand aside," Leung told reporters. "It's simply not enough to just ask people to exercise caution when investing ... it has to ban the circulation of such virtual currency in the market.""

http://uk.reuters.com/article/2015/02/11/uk-fraud-bitcoin-hongkong-idUKKBN0LF0WV20150211


Most of the huge exchanges (Bitfinex, Huobi; Okcoin..) are located in Hongkong. These are pretty huge (and bad) news for Bitcoin, at least the price of it.
I am a bit worried what will happen when those bans will be outspoken? Will the exchanges dissapear with the money/coins due to fractional reserve banking.
Or willl users have the possibility to withdraw their funds in a given timeframe?
4  Local / 中文 (Chinese) / 龐大騙局 ! mycoin.hk 失去5億人民幣 on: February 08, 2015, 04:39:33 PM
"Mycoin.hk", a bitcoin thing in Hong Kong, apparenly closed without warning and owners disappeared with all clients coins.  Losses seem to be about 3 billion yuan, or 500 million USD -- on the same level as the MtGOX collapse.

The nature of mycoin.hk's business was not clear.  It apparently involved mining, and perhaps some Ponzi-like scheme.  I could not tell whether it also worked as a live exchange.

Article in Chinese:
http://hk.apple.nextmedia.com/news/art/20150208/19034053

Google translation:
Quote
WASHINGTON virtual currency Bitcoin (Bitcoin) once touted, Hong Kong discovered bust incident involving three billion yuan. Legislative Councillor Leung Yiu-chung received nearly ten investors in Bitcoin for help, said the suspect was a bit currency trading scams and storage platform, the largest loss of over $ 10 million estimate amounted to 30 the number of people affected, involving an amount or up to three billion yuan, victims today collective police. []

EDIT: See also the reddit thread.  One comment in there claims that the report is incorrect.

If this turns out to be true then China or the PBOC will probably ban Bitcoin in China once and forever. With all the chinese money disappearing Bitcoin will probably crash to ~50$ according to financial bitcoin experts.  Sad Embarrassed



【本報訊】虛擬貨幣比特幣(Bitcoin)一度熱炒,香港驚現涉及三十億元爆煲事件。立法會議員梁耀忠接獲近三十名比特幣投資者求助,稱疑被比特幣交易及儲存平台詐騙,最多損失逾千萬元,估計受影響人數達三千人,涉及金額或高達三十億元,苦主今日集體報警求助。
記者:胡仲邦

梁耀忠昨晚表示,接獲近三十名市民求助,指於比特幣交易平台Mycoin投資,近日未能套現或交易,部份苦主曾到該交易平台位於尖沙嘴的辦公室,但人去樓空,也未能聯絡公司負責人或職員。記者昨晚到Mycoin辦公室,發現大門已封,並貼有告示稱內部裝修,交易中心暫停開放。警方表示,網絡安全及科技罪案調查科暫未接獲相關報案,會密切留意事件。
「有人賣樓去炒」

據梁耀忠稱,求助市民平均損失百多萬元,個別人士損失逾千萬元,「有人借錢、甚至賣樓去炒」。苦主來自各行各業,年齡約三十至四十多歲,據梁了解,活躍於此平台買賣比特幣者達三千人,保守估計涉及款項高達三十億元,「隨時唔止呢個數,可能更多」。
其中一名苦主向梁耀忠稱,去年九月經朋友介紹,在該比特幣交易平台開戶,投資約一百三十萬元,但去年底平台顯示的比特幣價格明顯落後於市場,更不能套現和交易,亦無法聯絡負責人,懷疑受騙。
梁稱有苦主表示,於此平台投資比特幣初期的確「賺到錢」,之後公司游說加碼投資買入比特幣,不少人因此越買越多,金額越來越大。有苦主指約一個多月前,公司突然更改規則,禁止自由買賣,除非再加碼投資買入比特幣,近日該平台更沒有營運,梁懷疑事件或涉及欺詐和層壓式推銷,促警方調查。
在港澳兩地經營比特幣自動櫃員機的「比特通」行政總裁梁永熹知悉Mycoin事件,他指Mycoin的經營模式,與年前因被黑客偷走比特幣爆煲的純交易平台Mt.Gox有別。Mycoin曾稱與歐洲一間發掘比特幣公司合作,並會向用戶出售兩款一年期「掘礦合約」,分別要九十及三百六十枚比特幣。Mycoin每日會向持有合約的買家戶口發回比特幣,「一般三至四個月可以回本,之後就係淨賺。有會員投資兩百萬,最後可以拎番六、七百萬」。
「少少似層壓式」

梁說Mycoin會獎勵介紹新用戶的舊客,「有少少似層壓式」,亦較少出現本地比特幣組織的活動,他表示不理解此公司運作。據他所知,Mycoin未取得海關的金錢服務經營者牌照。
香港目前沒有法例直接監管比特幣等虛擬貨幣,當局曾多次指比特幣屬高度投機性商品,籲市民投資時加倍小心。


神聖的狗屎
5  Economy / Service Discussion / Bitcoin ponzi Mycoin in China goes bust!~ 500 mil.$ lost. Prepare for a crash! on: February 08, 2015, 04:31:28 PM
"Mycoin.hk", a bitcoin thing in Hong Kong, apparenly closed without warning and owners disappeared with all clients coins.  Losses seem to be about 3 billion yuan, or 500 million USD -- on the same level as the MtGOX collapse.

The nature of mycoin.hk's business was not clear.  It apparently involved mining, and perhaps some Ponzi-like scheme.  I could not tell whether it also worked as a live exchange.

Article in Chinese:
http://hk.apple.nextmedia.com/news/art/20150208/19034053

Google translation:
Quote
WASHINGTON virtual currency Bitcoin (Bitcoin) once touted, Hong Kong discovered bust incident involving three billion yuan. Legislative Councillor Leung Yiu-chung received nearly ten investors in Bitcoin for help, said the suspect was a bit currency trading scams and storage platform, the largest loss of over $ 10 million estimate amounted to 30 the number of people affected, involving an amount or up to three billion yuan, victims today collective police. []

EDIT: See also the reddit thread.  One comment in there claims that the report is incorrect.

If this turns out to be true then China or the PBOC will probably ban Bitcoin in China once and forever. With all the chinese money disappearing Bitcoin will probably crash to ~50$ according to financial bitcoin experts.  Sad Embarrassed
6  Economy / Speculation / Which BTC/USD(CNY) exchange is going to blow up next? on: October 30, 2014, 10:50:51 PM
Vote!
7  Economy / Speculation / IF YOU`RE STILL FOLLOWING CHINA YOURE PROBABLY DOING IT WRONG! on: August 22, 2014, 06:14:42 PM
Anyone that wondered about the increased volume on BTCCHINA, the following is the reason.
https://vip.btcchina.com/page/fee

Trading Fee

    BTC/CNY: Free.
    LTC/CNY: Free.
    LTC/BTC: Free.
We can now probably estimate a lot better what the real trading volume on the chinese exchanges is.
It switched from ~3000-6000 to 30000-50000BTC

So their (Huobi,OKcoin) "real" trading volume is almost inflated ~10x.
8  Economy / Speculation / ADAM has shown his true color, he is a desperate BEAR! on: August 22, 2014, 05:30:25 PM
Hes trying to FUD down the price by locking the Wall observer thread, tryin to rebuy lower! You sold too low, but this action of yours is immoral. A class suit will probably follow!

ADAM , stop it! This wont work out! Outbreak is inevitable!
9  Economy / Speculation / No more below 500$ Next Stop 1(0)0000$! on: August 16, 2014, 01:14:03 PM
Vote!
10  Economy / Speculation / How high will the next bubble go? on: August 08, 2014, 09:11:39 AM
According to solid TA from various experts, like myself, the next bubble will be at least 8000$ and could possibly top at 20000$. What do you expect? Please vote!
11  Economy / Scam Accusations / Where is Goat? (The scammer) on: July 01, 2014, 09:00:00 AM
Is he still tryin to scam everyone? Does anyone have updates?
Is he already in jail? What happened?
12  Economy / Speculation / Final Russia BAN incoming? on: June 20, 2014, 01:46:27 PM
http://www.coindesk.com/russia-clarify-bitcoin-policy-task-force-report/

Russian financial authorities appear to be close to clarifying their stance on bitcoin with the announcement of a forthcoming paper to by published by the Financial Action Task Force (FATF), an intergovernmental body set up to combat money laundering and terrorist financing.

13  Economy / Speculation / New China Ban incoming on: June 04, 2014, 06:51:06 AM
Last option to deposit money is about to get banned, which will probably force all exchanges to shutdown.

CHINA BANS BITCOIN! GAME OVER!

"PBoC is going to ban "recharge code""

SUB 300 - SOONISH

http://www.btcbbs.com/forum.php?mod=viewthread&tid=15521
14  Economy / Scam Accusations / Should Goat stop scamming? on: June 03, 2014, 01:50:47 PM
Vote!
15  Economy / Speculation / Major western Bitcoin exchanges about to be investigated and probably SHUTDOWN on: May 20, 2014, 08:50:16 PM
Its lookin really bad for Bitcoin, once again. After MtGox went down this year with all their customers money there is the next bad event about to happen to other exchanges. According to Wall Street Journal, a lot of other exchanges have already received subpoenas and will most likely get frozen for the time of the investigations by the USA. I assume it will Bitstamp/Coinbase/Localbitcoins.... and others
This has probably been the reason for todays price increase, as criminals want to get their money out of Bitstamp, which for the first time since ages, led this small rallye. I assume that those criminals try to cash out on BTC-E, which so far seems to be anonymous and can handle the volume. This is most likely the reason why they lag almost 20$ behind Bitstamp.
If Bitstamp should shutdown for the time of the investigation, to which level do you think will the price drop?
Where will you sell, if most of them are no longer available (for most likely months or years)?

http://www.theblaze.com/stories/2014/05/20/more-bad-news-for-bitcoin/
http://online.wsj.com/news/articles/SB10001424127887324705104578147333270637790?mod=WSJ_article_SubOnlyEdPicks

U.S. authorities have opened a new front in their investigation into bitcoin exchanges and other businesses that deal in the online currency, examining possible ties between the firms and the online drug bazaar Silk Road, according to people familiar with the matter.

The new focus of the investigation is the latest indication of how the shuttered online drug market has become linked to bitcoin, tainting the currency with associations of shady activity as its advocates stress to regulators its legitimacy. It comes after prosecutors in January criminally charged the owner of one bitcoin exchange over alleged ties to Silk Road.

One of the people familiar with the matter said the investigation was at an early stage, and conclusions hadn't been reached as to whether the exchanges were connected with Silk Road.

Several bitcoin exchanges received subpoenas from Manhattan federal prosecutors this winter, including Tokyo-based Mt. Gox, once the world's most popular bitcoin exchange, according to people familiar with the matter. It wasn't clear which other bitcoin businesses have received subpoenas.

The subpoenas to Mt. Gox demanded customer-transaction logs and materials related to solicitation of investors. But prosecutors and Federal Bureau of Investigation agents also are examining whether the exchange and others like it may have processed transactions connected to Silk Road, the people said. Attorneys for Mt. Gox didn't respond to requests for comment.

Timeline: Bitcoin's Evolution
View Graphics
 
REUTERS
Mt. Gox suspended trading on Feb. 25 and announced the disappearance of 850,000 bitcoinsabout 7% of the world's totalworth more than $470 million at the time. The exchange filed for Chapter 15 bankruptcy protection in Texas in March in a bid to stop customers from targeting the cash it holds in U.S. bank accounts.

Mt. Gox's demise amplified authorities' concerns about the stability of bitcoin, which isn't backed by any central bank.

The shadow of Silk Road, where users could anonymously purchase everything from narcotics to forged passports, long has hung over bitcoin, the only form of currency Silk Road accepted.

Exchanging other currencies into bitcoin with the knowledge that the funds would be used for illegal transactions could violate money-laundering laws. Even without such direct knowledge, financial institutions are required under U.S. bank regulations to maintain robust internal controls to prevent money laundering by customers.

Prosecutors shut down Silk Road last year and charged its alleged founder, Ross Ulbricht, with several counts of conspiracy and other charges. He has pleaded not guilty and denied being Silk Road's founder. A trial is scheduled for November in federal court in Manhattan. A lawyer for Mr. Ulbricht declined this week to comment.

Charles Shrem, a bitcoin evangelist and businessman, was criminally charged in January with money laundering at his company, BitInstant, which like Mt. Gox swapped dollars for bitcoin and collected a fee on the transactions.

Prosecutors alleged he conspired to help customers of Silk Road convert dollars into bitcoin to use on the market.

Emails Mr. Shrem sent furthered suspicions about connections his company may have had with Silk Road, a person briefed on the investigation said.

In an email to an unnamed person in April 2012, cited in court documents filed by prosecutors, Mr. Shrem said that "[Silk Road] funds a decent percentage of the overall Bitcoin economy."

In a February 2012 email cited by prosecutors, Mr. Shrem wrote "wow, Silk Road actually works," explaining he had just received a shipment of marijuana brownies.

Mr. Shrem and his alleged accomplice pleaded not guilty last month in federal court in Manhattan. A trial is scheduled for September.

"He's cooperated with law-enforcement agencies in the past, and he looks forward to getting this case behind him," said Marc Agnifilo, a lawyer for Mr. Shrem.
16  Local / 中文 (Chinese) / 緊急市長Bitcoin的交易也在下降,弱勢 on: April 08, 2014, 12:30:34 PM

從起始Coin台文[/ URL]有這樣的測試場地:
[ URL = http://filippo.io/Heartbleed/ ] http://filippo.io/Heartbleed/ [/ URL ]

下面是我的測試結果:
(從bitcoinwisdom名單)

一切都很好, BTC- e.com : 443似乎沒有受到影響!
一切都很好, cavirtex.com : 443似乎沒有受到影響!
一切都很好, bitcoin.de : 443似乎沒有受到影響!
一切都很好, coinbase.com : 443似乎沒有受到影響!
一切都很好, kraken.com : 443似乎沒有受到影響!
一切都很好, bitfinex.com : 443似乎沒有受到影響!
一切都很好, bter.com : 443似乎沒有受到影響!

bitstamp.net : 443很容易
btcchina.com : 443很容易
okcoin.com : 443很容易
cryptsy.com : 443很容易

一對夫婦的網站,即huobi.com和campbx.com測試現場做了錯誤

從文章的懶惰更詳細一點解除:
[報價]開發利用Heartbleed ,攻擊者可以訪問受影響的系統的RAM中,讓他們看到高達64千字節的數據在一個時間 - 足以建立足夠的知識來訪問系統的密鑰。這些密鑰用於加密和解密敏感的流量,並確定服務供應商
Cng qǐ shǐ [url=http://"Http://Www.Coindesk.Com/major-security-flaw-heartbleed-puts-critical-services-risk/"]Coin Ti wn [/ URL] yǒu zhyng de csh chǎngd:
[URL = http://Filippo.Io/Heartbleed/ ] http://Filippo.Io/Heartbleed/ [/ URL]

Ximin sh wǒ de csh jiguǒ:
(Cng bitcoinwisdom mngdān)

Yīqi dōu hěn hǎo, BTC- e.Com: 443 Shū miyǒu shudo yǐngxiǎng!
Yīqi dōu hěn hǎo, cavirtex.Com: 443 Shū miyǒu shudo yǐngxiǎng!
Yīqi dōu hěn hǎo, bitcoin.De: 443 Shū miyǒu shudo yǐngxiǎng!
Yīqi dōu hěn hǎo, coinbase.Com: 443 Shū miyǒu shudo yǐngxiǎng!
Yīqi dōu hěn hǎo, kraken.Com: 443 Shū miyǒu shudo yǐngxiǎng!
Yīqi dōu hěn hǎo, bitfinex.Com: 443 Shū miyǒu shudo yǐngxiǎng!
Yīqi dōu hěn hǎo, bter.Com: 443 Shū miyǒu shudo yǐngxiǎng!

Bitstamp.Net: 443 Hěn rngy
Btcchina.Com: 443 Hěn rngy
Okcoin.Com: 443 Hěn rngy
Cryptsy.Com: 443 Hěn rngy

Yī du fūf de wǎngzhn, j huobi.Com h campbx.Com csh xinchǎng zule cuw

Cng wnzhāng de lǎndu gng xingx yīdiǎn jiěch:
[Boji] kāifā lyng Heartbleed, gōngj zhě kěyǐ fǎngwn shu yǐngxiǎng de xtǒng de RAM zhōng, rng tāmen kn do gāod 64 qiān z ji de shj zi yīg shjiān - zyǐ jinl zgu de zhīsh li fǎngwn xtǒng de m yo. Zhxiē m yo yng y jiām h jiěm mǐngǎn de liling, bng qudng fw gōngyng shāng

.
[/quote]
17  Economy / Speculation / MAJOR BITCOIN EXCHANGES DOWN AND VULNERABLE on: April 08, 2014, 11:09:11 AM



Starting from the Coin Desk article there is this test site :
http://filippo.io/Heartbleed/

Here are my test results :
(list from bitcoinwisdom)

All good, btc-e.com:443 seems not affected!
All good, cavirtex.com:443 seems not affected!
All good, bitcoin.de:443 seems not affected!
All good, coinbase.com:443 seems not affected!
All good, kraken.com:443 seems not affected!
All good, bitfinex.com:443 seems not affected!
All good, bter.com:443 seems not affected!

bitstamp.net:443 IS VULNERABLE
btcchina.com:443 IS VULNERABLE
okcoin.com:443 IS VULNERABLE
cryptsy.com:443 IS VULNERABLE

The test site did error with a couple of sites, namely huobi.com and campbx.com

A bit more detail lifted from the article for the lazy :
Quote
Exploiting Heartbleed, an attacker could access the RAM of affected systems, allowing them to see up to 64 kilobytes of data at a time enough to build up enough knowledge to access a systems secret keys. Those keys are used to encrypt and decrypt sensitive traffic and identify service providers.

IF YOU WANT TO CONTRIBUTE PLEASE WRITE CAPS-ALL ONLY AS THIS IS A VERY SERIOUS ISSUE!
18  Economy / Speculation / IF BITCOIN GOES BELOW 100$ on: April 07, 2014, 01:51:22 PM
National holiday in China is soon over and were expectin bad news any time soon(few hours) also April 15th has been given as a deadline.
I would like to know if and how everyone is prepared if total chaos should enfold fast and we go below 100$ in the next week/months.
19  Local / 中文 (Chinese) / 關注。它可能很快崩潰。當心 on: April 06, 2014, 11:26:58 PM
CNBC的視頻

這還沒有完全地崩潰了呢。

羅斯認為比特幣的交易在一個下降三角形與基地500美元的水平。鑑於其峰值約為1,100美元的三角形將項目同等幅度的下滑相反的方向。 在這種情況下,這將是負的$ 100,[/ B]

現在,這並沒有真正意義上的羅斯說。 但是,考慮到最近的歷史 - 定的MtGox醜聞 - 我可以看到這件事的負面它實際上可以花你的錢給自己這個東西在這一天結束時它可能只是消失的很快。

http://finance.yahoo.com/blogs/talking-numbers/this-could-be-the-end-of-the-bitcoin-era-220746326.html
20  Economy / Speculation / Bulltrap? on: April 06, 2014, 05:31:40 PM
How high will the current bulltrap drive us? April 6th
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