Bad news for the short term, as it can trigger panic sellers before and after the event. But for the long term, this legitimizes crypto currency in the US, because it would be very hypocritical of the government if they imposed laws against bitcoins, meanwhile one of the government branch is selling it themselves.

^ She won't know about btc, she's just a women 

Joking aside, it really depends on what assets he sold and how he sold it. If the asset was gold/silver and he sold and took in cash, which then later bought btc with cash, then it's a paperless trail and can easily get away with. Now if he sold a house or anything very hard to hide, then the court can follow where the money went, and will question where it ended up.

This is absolutely not correct, no matter what country you're from. I received a direct bank transfer that was reversed. It was an ACH transfer, meaning a cash equivalent, yet the scammer somehow pulled some strings to have it reversed. Anything electronic, CAN be reversed and I learned this the hard way. You need to have cash in hand to call it safe.

Threads like is exactly why this lending subforum is nearly useless. Newbs come in here without reading any rules and expect some easy free money. Really, I think something should be implemented to filter out the noise.

Dinosaur, reporting in.

The good ol' days when I witness btc crashed down to $1, but too stupid at the time to buy any at that price. I don't hold that much btw, compared real dinosaurs in 2010.

Last I heard, Citibank was still very against bitcoins and will close accounts if they find out you move a decent amount of btc-related transactions through there. In the US, no major bank is accepting of bitcoin. The only ones that won't give you a complete hassle about is are credit unions. Chase is the worst when it comes to this.

Bummer, it's a shame to see you stop producing these coins. I remember I was one of the first ones to see this very thread launch, when it was just posted in 2011 and no one had posted in it yet. The idea was still very new back then, and I regretfully didn't buy any thinking it was all a gimmick. Oh how wrong I was...

This is one of the worst ideas. Part of why bitcoin is attractive is because it has a known limited amount. If it indefinitely increases, that just dilutes the existing ones, and is no better than all the world government currently printing worthless fiat.

No sorry haven't seen it amongst the pool of threads from newbies and scammers asking for loans. Recently this loan section has a really bad ratio of legit loans to all the useless noise.

Maybe you can leave the appropriate trust feedback for OP until he decides to pay what he promised to.

Earlier in the year, verifying with bitstamp was a complete bitch to do. I was denied twice, which none were my fault. First, they wanted proof of residency, so I uploaded a tax return with SSN blanked out. They said this form is not a valid proof (wtf??). Then second time I used a bank statement, was denied again because they require a front and back scan of a drivers license. The problem is, they only allowed 2 picture uploads! You need 2 slots for the DL, and one picture slot for the proof of residency.

I think it has now been fixed, but now they ask a bunch of BS questions if you withdraw a lot of fiat.

Most of what you posted is true, although you can't really fake trade scores. In order to have the score increase, the trade must be confirmed and the bitcoins released from escrow. There are fees every time a coin goes through escrow.

According to the rule of infinite possibilities, there could even be 100 blocks found in 11 minutes. It's possible, just highly improbable. When difficulty adjust every 2 weeks, everything averages out according to total network hashrate.

So that was a learning experience to not jump in a loan without fully making the terms, and without collateral. This is what happens when no collateral is involved. There's absolutely no repercussion if he doesn't pay back, or pay back however late he wants.

Yes, I still have some funds in there that Jared said he'd pay back to make it right, but never did.



Thank you detective!

^ I believe when you have coins that are mature enough, you can send them without a fee.

I have removed my positive trust feedback for UpDown, however I have not added negative feedback because he can still remedy the situation.

And this is why you make the terms first before lending. There's nothing written anywhere that if he pays late, what the consequences are going to be. Also, this should be a serious red flag:

^ If you send them from wallet to wallet, it's the same bitcoins moving, which can be traced.

Another advice that I haven't seen anyone give: After you send them to mixers (exchange to dedicated services), don't withdraw the same exact amount, and withdraw them at different times. I just adds another layer of security. For example, if you send 100btc to an exchange, withdraw 25btc first, then 43btc, then the last 32btc. Do it in random time intervals.

As far as I know, ebay will take down all listing of crypto sales if they catch it. Some slips through the crack. Same with paypal, they'll only reverse the payment if the buyer does a chargeback or if they catch it.