thanks for the reminder, sending a follow up our accounting

Agreed - they will use this scenario with MtGox as an opportunity to create rules/order with a decentralized ecosystem

I would like to see some coordination on the part of the Bitcoin exchanges to address this, rather than acting fragmented

And the winner is.... Anon135246!
Congrats you are the winner of this Mastercoin Bounty contest!
We will be sending you the prize money directly to your Bitcoon address and please take a look at our other Bounties that are available.

Thank you !

BUMP!

Hey
sorry about that - replied to the PM

This Bounty is still going! Appreciate all the interest and feedback for this contest so far.

@TheNewAnon135246 - this is just the sort of thing we're looking for! Thank you and it looks great, will PM you directly and we can chat via email

Any other takers out there? Thanks for reading and special thanks to @TheNewAnon135246 for kicking this off

LOL !

Damn Bitcoin billionaires - we are just pawns in your evil game of global domination.

I want an island too.

So I wanted to share with you all the problems with trading Bitcoin on LocalBitcoins.com

There are risks with any online trading, and when Bitcoins are involved - the inherent anonymity and irreversible transactions make it really easy for Bitcoin scammers to make an easy buck.

Localbitcoins.com does offer a Dispute process, and has certain security measures that try to make it safe for both buyers and sellers.

1. I.P. Address check - can be faked using a Proxy
2. Phone Number Verification - can be faked using a SMS servce
3. Real Name Required - can be faked using fraudulent ID
4. Trust Score - Scammers give each other trust scores and testimonials
5. Dispute is not possible after the Trade is completed


The #1 Problem with their site is the Escrow service - localbitcoins.com requires sellers of BTC to put their coins in Escrow - this is a huge F#&K%!G MISTAKE.

Users are not able to make a trade unless Bitcoins are held in Escrow, these coins are locked until the Trade completes - whereby the Seller can push a button to 'Release the Bitcoins' or the timer for completing the trade runs out (sometimes this is 2 hours or 12 hours depending on the user). If the trade is cancelled by the Buyer before either of these options, that is the 3rd and final way that Bitcoins can be unlocked from Escrow.

The intention of their Escrow system is for Sellers to prove they have the Bitcoins and they can release the coins once they receive the buyer's funds.

Here's the problem, localbitcoins.com is a vehicle for transacting Bitcoin but offers no protection or safety from scammers
- You are required to place Bitcoins in their Escrow System - but they don't allow you to cancel the trade
- Their Escrow System is not meant to protect the Seller of Bitcoins
- If you receive payment for Bitcoins, localbitcoins.com is not responsible for making sure it's legit
- Bitcoins released from their Escrow are not protected and good luck trying to dispute a scammer

These are my conclusions about the service after using it a couple times and going through the process of getting scammed on the site only to receive Zero Support in retrieving my stolen coins. Although they offered to block the User, it does little to prevent the scammer from creating a new account from a new IP Address.

My two cents: use cash for Bitcoins.

Avoid online payment systems altogether - it's the equivalent of printing out your BTC-e voucher and folding it into a paper plane on the hope that it ends up where its supposed to.

Say no to scammers.

Thats messed up! You got Fiat money stolen out of your Mt Gox account?!

Did you have 2 factor authentication enabled?
Do you use a Yubi Key/Security Card from MtGox? I don't because they charge you $ for it

Could he have obtained your log in credentials through a botnet sitting ontop of the Mtgox log in page? (Technical guys - I'm not sure if this is possible, maybe you can shed some light here?)

Perhaps there's a keylogger on your computer installed, that could be how he got into your account?

Thats crazy, sorry you went through that. I got scammed from localbitcoins.com for 1.3BTC and this was not the first time I was scammed for my bitcoins.

The Mastercoin Foundation is gearing up for some big announcements and we're giving away Bitcoins for helping us out!

This Bounty is for the creation of a Mastercoin Tip Sheet[/u]

Objective: Help us explain Mastercoin to the community by creating a 1 - 2 Page Document that shows what the Mastercoin Protocol is, why it matters, and what's the opportunity for entrepreneurs / developers / innovators.

Details: If you're already familiar with Mastercoin, great! This is the perfect opportunity to show us what Mastercoin means to YOU, how it helps the Bitcoin community, and the ecosystem of Crypto.

And if you're not familiar with Mastercoin, then we want you! New eyes and ears have a fresh perspective that is always welcome. We invite you to learn about Mastercoin through the links below and submit your Tip Sheet to enter the Bounty Contest!

Links to help:
Whats a Tip Sheet? --> http://en.wikipedia.org/wiki/Tip_sheet

Official Mastercoin Foundation Website --> http://www.mastercoinfoundation.org/

How Mastercoin got started--> https://bitcointalk.org/index.php?topic=265488.0

Mastercoin Wiki--> http://en.wikipedia.org/wiki/Mastercoin

Mastercoin Spec on GitHub --> https://github.com/mastercoin-MSC/spec

Example:


Bounty starts: Now
Bounty closes: Wednesday, February 19th 2014 at 12:00AM Midnight (GMT -8:00)

Note: You are not expected to incorporate graphic design - we are looking for a Tip Sheet which we can fill in with our logo and colors. If you do include the Mastercoin logo and colors that are in line with our current branding then extra consideration will be provided.

How to submit:
Step 1. Post your Tip Sheet Points as a Reply

- this will allow the Mastercoin Foundation team to help out ensuring your Tip Sheet is accurate!

Step 2. Include your Tip Sheet submission as an attachment as a Reply to your 1st Post

- upload the document and post the link to download
- Formats accepted: Word: .doc/docx, Photoshop: .psd, Adobe InDesign: .ind

Step 3. Wait for the announcement to see if you are the winner of the Bounty

- Only 10 completed Tip Sheets will be selected for consideration, they will be posted here as an announcement
- The winning Tip Sheet will be announced on this thread and Mastercointalk.org, stay tuned!

Thank you everyone for entering, and please post your questions and ideas here.

Enjoyed reading this

Hi,
I'm interested in sketching out a couple logo ideas for you.

Wanted to ask you about the overall project and intent to get an idea of what the flavor/theme of the logo should be:

What is Wasp Collective?
What is the long-term business objective
Who are your customers?

Thanks and let me know
Cheers

Hi
When are you looking to make a decision by?
I'm sketching out some design ideas based on your samples.

I have a good idea of the theme you're looking for.

I believe the concept you want: involves antique paper, filigree, symbolism of the Phoenix, and the name of the company itself?

Please let me know and thanks:)

We're a group of:
2 Day Traders (proprietary options and equities traders)
1 Bitcoin Mining Sales Executive


Looking for Bitcoin Financiers (Lenders) to finance the launch of the 1st hedge-based, multi-exchange Crypto-Fund-

- Financing will go towards: establishing the registered company and securities account in the Cayman Islands, Distributing Investor Materials, and registering across major Cryptocurrency and Forex Brokerages

The Crypto-Fund is:

- A discretionary Hedge Fund using Technical and Fundamental Analysis

- Objective of the Hedge Fund is to leverage minimal risk to the portfolio while hedging price activity across multiple cryptocurrencies using both long buys and short selling 

- The Crypto-Fund will be trading on several exchanges for drawing price advantages

- The Fund's Investment Philosophy is based on a bullish outlook on the liquidity and volatility of Bitcoin and Cryptocurrencies as well as a global macroeconomic perspective on its significance

Investors will receive:
- Equity stake in the Crypto-Fund
- Waived Management Fees for Life (which means we only get paid if we make you money)
- Fully backed loan payments for financing the project at a preferred interest rate
- Board Membership

Next Steps:
- Learn more about us - send me a PM and I will set-up a meeting with the rest of the team
- Tell us what part of this project you like
- What questions you have
- How much financing do you bring to the Crypto-Fund

Please note:
- The Crypto-Fund has every intention to operate according to regulations regarding the selling and dealing of securities

The media is a necessary evil for reaching the masses (re: Julian Assange and Wikileaks)

But the growth of Bitcoin will continue especially in light of recent news reports about FOREX price fixing (as of today)

In terms of underground economies:

There's the Deep Web marketplaces

Bitcoin payment processors

Bitcoin related service businesses


Anything else?

yup, I trade BTC and LTC

USD and Gold are typically inversely correlated

Hi Bitcoin Co-op
I'm happy I found you on this forum, will be checking out your meetups soon
Been trading bitcoin, litecoin
Mining litecoin
Blogging at www.coinregime.com

This is great, will you be advertising in locally with offline methods?

Bump
Nice work!

Would be interested in seeing the USD and Gold price on there as well

Looks great, wish I could check it on my phone

What if they invent next generation USB Miners?!

JK, I would sell - especially now while there are buyers

What about Hashfast?