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1  Other / Meta / Re: Are smear campains and character assasination OK on these forums? on: August 30, 2011, 12:10:58 PM
Agreed.  In my opinion, Bruce has gone from being mostly neutral for Bitcoin's image to being an enormous liability.  The community should distance itself from him and not allow him to act as a spokesperson anymore.


This is the biggest problem I have as well. This will surely tarnish Bitcoin's image. I wonder if any press is going to pick up on this. Hurm.
2  Other / Off-topic / Re: Any truth to this bruce ? (burce lureing minors in to fag hotel in spain) on: August 30, 2011, 12:01:02 PM
I'll just put this link here. It's not a good bedtime story by any means.
3  Other / Off-topic / Re: NanaimoGold was wrong! on: August 30, 2011, 11:46:21 AM
Why are you guys covering for him? It seems desperate and peculiar.
4  Other / Meta / Re: Resigning as a moderator on: August 30, 2011, 11:42:29 AM
I don't blame you for resigning.

Best of luck to you!
5  Other / Off-topic / Re: Pattaya on: August 30, 2011, 11:40:15 AM
This is sick shit.
6  Bitcoin / Bitcoin Discussion / Re: Warning: Bitcoin4Cash fraud! Won't ever do business with Madhatter again. on: May 18, 2011, 05:00:09 AM
What are you talking about?  There have been no trades except for the ones detailed in my post, and everything there (except for the missing letters which are still m.i.a.) has arrived within 10 business days.

I'm talking about the other expresspost you had sent me before to cover late mail. You know what I'm talking about.

Email conversations have a reasonable expectation of privacy, and I will not be accused of violating someone's privacy except as a last resort.

I don't expect any emails I send someone to remain private. I'm conducting business in public view. Do as you wish.

If you prefer to do it differently, I am happy to have you publish the entire exchange yourself.  Stop playing these bantering games and let's just lay everything out.  I couldn't care less if either of our egos are bruised--let's just get this thing resolved to the satisfaction of the entire community here, and for goodness' sake double-check your records before getting all personal.  If this whole anonymous business thing is going to work, transparency and community response are going to have to take the place of courts and mediators in resolving disputes.  Too tired to respond more tonight, will reply to the whole thing after I can get some rest and clear out a growing backlog in my business.

So you are planning on wasting even more of my time? So I'll have to login to the forum each day and argue the meaning of each sentence I previously wrote? No thanks. I really have better things to do with my time. I won't return to this thread.

Note: I made the 60-day time limit more clear on Bitcoin4Cash. I am also accepting locked in trades again and my Bitcoin inventory is being replenished.
7  Bitcoin / Bitcoin Discussion / Re: Warning: Bitcoin4Cash fraud! Won't ever do business with Madhatter again. on: May 18, 2011, 02:34:23 AM
This is the most offensive thing to me about this situation--not the monetary loss, but the fact that the Madhatter has first implicitly and then explicitly accused me of trying to defraud him.

This doesn't make any sense.

I insinuated that you were possibly trying to scam me via email due to the fact that this is the 2nd time you've mailed to me late and expected me to honor an old rate. The first time could have been the mail system, but twice? It's definitely suspicious, to say the least.

With your permission, Madhatter, I will post our entire (digitally signed) email exchange here, to compliment the complete information I have available to me in other forms.

We all know that you are going to do it anyway.

The recent surge appears to be the only reason my trades aren't being honoured.

What recent surge? I refused 2 pieces of mail in a year's time. The first one was yours - an expired trade. The 2nd one was an letter that was mailed late on purpose. (Bobby)

You should all understand that the underlying context for the situation here is persistent and rampant problems in the Canada Post postal system.  My sister-in-law, for example, recently had a package going from my city to the same province as the Madhatter which was lost for several months before turning up.  Some useful references:

If you knew that your province was having mail troubles when you did your first batch of locked in trades, why did you proceed to do it again?

I do not have a history of untimely mailings.  The postal service has a history of untimely mailings.  Case in point--my first three trades:

What about the other batch of ancient trades that you emailed me about and then sent them with expresspost?

It was long enough to make me uncomfortable since they only had to travel two provinces over, but it's well within the time you later quoted me as typical for your trades.

I have a "boiler plate" response for emails regarding delayed mail. I get about 30 emails a day and time constraints don't permit me to investigate each case in depth. I usually have to send those boiler plate emails to save time.

Anyway, there is a huge difference between 1-3 weeks and 2 months. Especially when the letter is mailed from within the same country.

This statement is patently false.  The only way I can think that you would make it is if you were conflating my expresspost for a separate trade with these two letters which are still missing; or if you have somehow confused me with someone else.  The latter is perhaps the only reason I can think of that you would turn on a trusted customer and community member so abruptly.  The following is the entire history of my trades with you, continuing from the above three:

You are the only person who has ever used expresspost to mail me. The first expresspost you had sent me was for 3 (or 4?) late trades.

February 10th or March 6th trades processed.  Therefore I emailed you wondering if you had had problems with delayed mail, to which you responded that although one letter had once taken 3 months I didn't need to worry.  I also asked if you would accept a registered mailing for

Boiler plate email. I send out gobs of those. People mail me from Europe all of the time for open rate trades. I've had a few letters in the past (2?) that took a couple of months to arrive. More specifically, from Germany. I don't remember every single person I email. I send too many per day.

This delay in mailing of approximately one week is the longest I have ever delayed in mailing a trade, and since I sent it by expresspost the trades still arrived within 10 business days of when you authorised me to send them by that method.

I told you I didn't want MTGOX credit. I also told you I would accept the recent expresspost at an open rate (by creating a new booking). You refused. I proceeded to tell you that the trade was cancelled and I was even willing to refund your deposit without any penalty. All of this fell upon deaf ears. You mailed me the cash anyway expecting me to just eat it. I RTS'd the expresspost as soon as it arrived and let you know via email. You never gave me a Bitcoin address to refund your deposit to, even when I asked for it.

But he became obstinate, cancelled the second trade

Trade cancellation is automatic, btw. It happens at the 60 day mark. That piece of code has always been there.

He implicitly accused me of attempted fraud with phrases like "How convenient. I wasn't born yesterday."  His treatment of me despite my

The emails you were sending me reeked of childish behavior and general time-wasting. I had enough of arguing by that point. My system had already canceled the trade. I am under no obligation to wait around for a "replacement" letter. I refused your business and you proceeded to mail me cash anyway, despite my numerous protests. I have the right to refuse business to anyone. I don't have to take your money.

I emailed the Madhatter to let him know about this thread, and have today received back the refused expresspost (An indication of how slow Canada Post continues to be).

I returned it as I said I would from the beginning. Hardly "scamming".

Although he has my information he has not yet returned my deposits, which he promised to do when he began insisting the trades had to be cancelled.

You never did give me an address to send your deposit back to. I'm still waiting.

What will he do when the two delayed letters arrive?

I explained this in email. I would return them as well. The trades are expired. Tell you what: if they arrive with a roughly-accurate postmark on them I'll publically state to everyone that you didn't try to scam me. Until that happens, I really don't believe you.

All I want to know is how any of these options expose the Madhatter to risk, rather than simply affording him an opportunity to profit off the increased value of already reserved bitcoins.

I'm not exposed to risk. I'm exposed to future losses. When I have to hold your coins for months and months while the price skyrockets I'm losing. I could be selling them to someone who actually sends me a letter in a timely fashion.

What am I do to? Hold rates forever? Try pulling this with a bullion dealer like Kitco for example. They'd nail your credit card with price difference within 30 days or less. 60 days is more than fair.

In summary: I don't hold locked in trades forever. I have the right to refuse business, especially from those who have an established history of jerking me around.
8  Bitcoin / Bitcoin Discussion / Re: Warning: Bitcoin4Cash fraud! Won't ever do business with Madhatter again. on: May 17, 2011, 08:52:34 AM
This is another "fun" case... allow me to explain:

This person claimed he mailed me letters for locked in trades from months ago. But alas, no such letters ever arrived. I'm not going to accuse him of lying, but I will say that he has a history of not mailing in a timely fashion.

He has, in the past, booked trades and never mailed anything for several months only to email me promising to send the cash promptly. Eventually he makes good on his word, but it is always extremely late.

The last time he pulled this shit the rate hadn't moved much so I just honored an *very* old rate. This time I didn't honor it (it was 2 months overdue!!!), and he threw a fit.

He contacted me only after the price skyrocketed to offer to replace the missing (?) cash as long as I honored the rate from 2 months ago.

The booking was already 2 months old so I told him "no". The trades were expired. (My system automatically expires locked in trades after 60 days. You can mail a letter from anywhere on the planet to my location in 2 months. It's very lax. Yes, I will add this to my FAQ - before you all ask.)

Anyway.. despite my firm answer he didn't listen and mailed me letters for these expired trades and expected me to honor the old rate. I returned the mail to him promptly, as I told him I would.

Oh, and yes the changes to Bitcoin4Cash's website are a coincidence. No, I'm not broke. No, I'm not shutting down. No, I'm not scamming.

These 2 people are yelling because they tried to scam me and I caught them. I promptly returned their cash and deposits - would a scammer do that??

I think the Madhatter may either have allowed recent exchange rates to get the better of his greed, or mismanaged the risk in his business.  He has similarly dishonoured two locked in trades of mine, with mailed payments unaccounted for (net loss to me in excess of 2000 USD all told).  I inquired early on when the payments seemed to be taking longer than usual, and he repeatedly assured me that everything would be fine and I needn't worry, without ever mentioning that he intended to cancel the payments.  When he cancelled one of them without warning I wrote immediately for clarification and offered to expresspost additional money if the payment delay (which I presumed due to postal problems) was an issue for him.  He completely refused this and numerous other workable options, even cancelling the second trade after I had already sent an expresspost to re-cover the amount.  He has also refused to update his website with regards to this supposed "cancellation policy" and numerous misleading statements such as the one claiming no mail has been lost up until January.

Although I initially trusted him implicitly and made every effort to find a win-win solution to the problem, I am feeling forced to consider that he has gotten in over his head somehow and his customers are paying the price; or even that he is intentionally defrauding people.  I am at present somewhat inclined to publish the record of our exchanged emails here so that the community might see how patiently I sought any other possibility before reaching this difficult conclusion.  At this time I would advise people not to send money to the Bitcoin4Cash service, at the very least until the situation can be thoroughly clarified.  Perhaps he will post here to speak for himself.
9  Bitcoin / Bitcoin Discussion / Re: Warning: Bitcoin4Cash fraud! Won't ever do business with Madhatter again. on: May 17, 2011, 08:28:55 AM

Oh boy.. where do I begin...

Basically this person tried to scam me so I refused his business. I have the right to refuse business don't I? I mean, everyone does. Try starting a fist fight at your local bar and see how willing they are to serve you afterward.

He booked a locked in trade and mailed the cash "when he felt like it". Better described as "when he was sure the rate would go up". He mailed a letter from the same country and his post mark and order date were almost 1.5 months apart. I'm sorry, but I can't be expected to hold rates forever. I simply can't do that.

I reversed his deposit and mailed his cash back to him. Not once did he email me about it. He decided to wait until I revised my site (a week later) to post here. Tsk tsk.

Avoid doing business with this guy. I know I will.

So I booked a transaction three and a half weeks ago for 288 BTC at $350.  I send a 10% deposit to lock in the rate at around $1.2 Canadian.  I mail the money the next day and then wait and wait and wait for over three weeks.  Then yesterday I find out that my deposit has been refunded and the Mr. Madhatter is "unable" (more likely unwilling) to honor the locked-in order because he decided that the prices were "too volatile" currently for him to honor his own word.


10  Economy / Marketplace / Re: - Closed Some source code opened up. on: April 10, 2011, 12:59:07 PM
Are you saying that all a customer has to do is call their bank and say they didn't authorize it, and the bank takes the money back from the merchant without question?

Without disclosing too much about my client; the last time we dealt with ACH disputes the following was standard procedure:

The customer calls their bank to dispute the withdrawal from their account. The customer is told to go to their branch to sign an affidavit, they sign it, and the funds are returned immediately. It matters not if the merchant has an authorization form with the customer's signature on it. If the customer claims it was fraudulent and signs an affidavit, the merchant loses the funds. The bank will not get involved in the dispute itself. It's up to the merchant to seek remedy in court by way of litigation.

Does that apply only to merchant-initiated ACH?

I've only have had experiences with merchant-initiated ACH. I can't speak for any other methods.

What about if the customer initiates the ACH from their bank's website? Most banks offer some sort of bill-pay service, which is sometimes processed electronically; some banks offer outgoing ACH directly; many others offer it through a service such as CashEdge's Popmoney.

Well, in Canada bill payments are technically not ACH. I'm pretty sure we have a separate facility for that here. I can't speak for the US's bill payment system.
11  Economy / Marketplace / Re: Wanted: PaySafeCards on: April 10, 2011, 06:48:37 AM
It's ok. I have a bunch of people willing to sell to me now. Thanks guys! Smiley
12  Economy / Marketplace / Re: - Closed Some source code opened up. on: April 10, 2011, 06:34:48 AM
Most people in the USA probably don't know this, but in Canada we can do cross-border ACH payment to/from the USA. It costs pennies per transaction, processes the same business day, and it only costs a couple hundred dollars to get it setup.

In terms of the money-related statutes of the USA: we just agree to them by signing a contract with our local bank. If you are found to be in breach of it, you are not arrested or fined. Your bank accounts are simply closed.

This might be a better option for those who want to provide ACH services to US customers. In the likely event of a US government backlash you'd just find your accounts closed. You wouldn't be in a legal battle or end up sitting in the 'clink. Smiley

A word of caution: I still wouldn't use ACH to debit from bank accounts. You will have fraud/sore casino losers/etc, and your only remedy is to sue. The banks don't get involved with ACH disputes at all because there is no money in it. (Pennies vs a credit card where the bank charges the merchant $20-$45 to mediate complaints.)

Paying people with ACH doesn't seem to be a problem at all. Actually, it is far cheaper and faster than wires.

I have software that I had written many years ago for a client of mine that actually produces the specially-formatted CPA (Canadian Payments Association; our equivalent of the ABA) files that are uploaded and parsed by our banks in Canada. If someone in Canada (or a US citizen using a trustee in Canada) needs programming examples I can provide them.
13  Bitcoin / Bitcoin Discussion / Re: Used Bitcoin for a while, decided to register on: April 09, 2011, 08:09:35 AM
I'm still toying around with doing some videos if I can find the right people but I might just go the route you are and resell. Seems a bit easier.

For startups you are always better off reselling/licensing content. The only drawback to licensing content is that it isn't exclusive.

P.S. Good sites, btw. Very professional.

Thanks! Best of luck with your endeavors.
14  Other / Off-topic / 2600 Magazine + Bitcoin on: April 09, 2011, 08:01:21 AM
2600 Magazine - Spring 2011 Issue

"How to Accept Payments Anonymously - A Digital Currency Guide"

I am not a subscriber of this magazine. Are there any subscribers that can confirm or deny a mention of Bitcoin?
15  Economy / Marketplace / Re: - Cash-Only Marketplace on: April 09, 2011, 05:07:11 AM
In spirit I accept this wager but practically we need some standard of proof. I can't think of any way to be sure that he is doing any trades.

As a side note: does anyone know what happened to BitPredict (Bitcoin Prediction Market)?
16  Economy / Marketplace / Re: - Cash-Only Marketplace on: April 09, 2011, 04:12:37 AM
Don't care. Didn't read it. Now ignoring you. Bye.

How childish.
17  Economy / Marketplace / Re: Wanted: PaySafeCards on: April 09, 2011, 04:06:58 AM
The 3 lowest denominations. One of each. Please email me and we can sort it out/negotiate.
18  Economy / Marketplace / Re: - Cash-Only Marketplace on: April 09, 2011, 04:03:49 AM
I'm glad you've studied law. Next, you should study business.

The study of commercial law includes the studying of business if you branch out far enough. You seem to know how much law I've studied. I'm in complete awe at your false assumptions.

So because I may or may not voluntarily spend my personal assets therefore I should open myself up to
involuntarily losing my personal assets? That's ridiculous. The point is to mitigate or mimimize risk. As an individual, I would be forced to fight a legal battle with my personal assets or get a default judgment and lose my personal assets. As an LLC, I could opt for the default judgment, close the business down permanently and still keep my personal assets.

You're assuming that you are, in fact, sued by an 'anonymous' customer. You're also assuming that it isn't some government agency wielding a criminal charge/investigation. If both *highly* unlikely statements are true, you would be right.

What plans do you have for your active customers if you opt for a default judgment? Return the cash? Lose it all to lawyers? I'm sure your customers would like to know.

The longer you talk to me the more it's obvious that your advice is worthless at best and harmful at worst. Please, just stop talking to me. You're advice is unwanted and unneeded. Thanks.

Actually, it is educational to everyone who cares to read it. You are thinking only of yourself.
19  Economy / Marketplace / Re: - Updates/Fixes/New Products added on: April 09, 2011, 03:15:36 AM

I'm happy to report that the shipping speeds have improved a lot over the last month.

Just to reiterate: the goods are shipped directly from China. For items under ~50BTC we use regular mail. For more expensive items we use air mail. The shipping is free and will always be free. Smiley

Also, I'd like to take this opportunity to explain what the order statuses mean:

When you place an order initially your order is "Pending". This means that it is being submitted to the drop shipper for packaging/mailing. Once it has been put into the mail it will move to "Updated" with a comment line that says "Shipped". The status change occurs within 1 business day usually. I don't handle this part personally. My clone does. Tongue

We used to move the status to "Delivered" and that seemed to cause a lot of confusion. "Delivered", for us, means that we have delivered the details to the drop shipper. I guess customers thought it meant that they should have it in their hands. lol!

Anyway, I'm posting this here to cut down on any/all confusion.

20  Economy / Marketplace / Re: Buying $10,000 in BTC on: April 09, 2011, 03:08:21 AM
He changed the deal in the email. He wanted to trade 5x the amount. "If it's too good to be true, it probably is."

He told me that he's not a "geek" so he wouldn't even know how to scam me. When I hear promises like that before a trade even begins I just walk away. I have a lot of experience in dealing with payment fraud. I've heard those promises before. Tongue

There is a chance he's not a scammer and I am just being overly cautious. In any event; I am not interested.
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