Come on Matthew, it's your own money your taking. You're just preventing people from stealing your money. It is not your fault nor your responsibility that they are stealing from others.
In some cases that is true, but in the case of bitcoinica for example, lets say they only had 50% of the owed funds left. Would you ask for 100% or would you recommend a fair even settlement for everyone? |
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What would you do?
I certainly wouldn't ask a friend to abuse a position of power in order to put me at the front of the line. I would accept my fate. If this is sincere (which I doubt) hats off for sticking with your principles. As I don't have this specific principle I would help myself first. I agree with notme. Taking money (unless it's an extreme emergency) while knowing others won't be able to get it doesn't feel right at all. I'm speechless at how much greed there is in this community. It certainly helps me ignore opinions a lot knowing that the people giving them are for the lack of a better term, scumbags. (i'm not talking about you watchword, and I'm referring to the sleezy actions of people during major community debt collection efforts) |
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What little savings that I had were taken away by some fly-by Russian bank in 1998. I ended up finding a person who knew a person, a phone call was made, and I was able to cash it out. So there is always a way.
So there is always a way.... for the well connected to screw the common person. All the other depositors had just as much claim to their funds as you had to yours and got nothing in return. It's called Rogering it (Roger Ver did the same thing with Bitcoinica I believe). Lol |
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Just curious but, why don't *you* make the website instead of selling the domain?
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I think we need to sync information.
I see you listing many casinos that while not provably fair have not been proven to be scams.
I prefer the innocent until proven guilty approach.
Satoshidice - IS based on irrefutable mathematics that behave in an honest manner under normal conditions, sometimes bets are delayed by 24 hours giving the house the window to bruteforce a hash that will be the most beneficial, the house or anyone else that receives access to the secret list ahead of time can submit selective bets and get a significantly lower house edge. Almost anyone associated with them speaks in an intellectually appalling language and is full of unapologetic loose cannons, except Voorhees himself. I prefer the innocent until proven guilty approach.
No, you don't. You prefer the shill out your ears approach. Get lost. Point proven? I wasn't aware "MPOE-PR" was associated with SatoshiDice. It's almost like saying I'm associated with this forum just because I use it to post here. |
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It wouldn't matter if they registered with FinCEN or not, what they're doing (and what anyone does who uses Paypal in combination with Bitcoin) is violating section 3.h of the terms of use: You may not use the PayPal service for activities that:
(h) involve currency exchanges or check cashing businesses
FinCEN has classified Bitcoin as a digital currency. Exchanging it is against Paypal's TOS. Wake the fuck up already, your account is going to be frozen the same as everyone elses' has and I'm going to hate saying "I told you so", but it is apparent to me you don't care at all about your business and are probably a scam. (Any serious business would have done research, read TOS, and listened to the criticisms and not just the "positive support". EDIT: Also, Gweedo seems to be going overboard with the whole "prison" threat, but actually it's true. Read all about the felony of operating a money transfer business or currency exchange without being licensed in your state first. 13. 18 U.S.C.A. § 1960 (West 2000 & Supp. 2007).
Prohibition of unlicensed money transmitting businesses
(a) Whoever knowingly conducts, controls, manages, supervises, directs, or owns all or part of an
unlicensed money transmitting business, shall be fined in accordance with this title or imprisoned
not more than 5 years, or both.
Keep in mind, this is all an aside as the main point here is that your business model is unhealthy for you and downright dangerous for anyone trying to sell their bitcoins for paypal (because you can easily rip them off with chargebacks up to 180 days after sending them the payment). I digress: Timer removed. End time: 2013-11-23+7:09:59 |
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Matthew, you have no idea what you're talking about. This business is completely different from the businesses that sell people bitcoins for PayPal
You must be confused. No where have I mentioned any companies that sell "Bitcoins for Paypal" (which would not be a risk to anyone but the service owners). They are selling Paypal and receiving bitcoin. Coingator is a new Bitcoin exchange service. We are currently in Phase II (Beta) stage of operations. During phase II our focus will be on efficiently conducting Bitcoin to PayPal transactions. Then over time we will be introducing additional transaction options. On the main page enter the amount of Bitcoins you want to sell. Then below that field enter the address were you'd like to receive the confirmation email. To the right of that field enter the email address of the PayPal account to send the funds. The email addresses can be the same or different. People are sending CoinGator their bitcoins (which they can never get back) and receiving Paypal in exchange for them (which the company can reverse at their will later. What exactly have I said they're doing that's different from that that would cause you to think I "don't know what I'm talking about"? I can only assume you either misunderstood my posts or haven't read their website yet. |
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Sorry they have been distracting my brain power from revolting for the last 3 hours
You're doing a pretty good job of being revolting despite the distractions!  |
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Tried contacting vinced, nothing yet, trying to get a hold of any and all namecoin developers. There is an "alt currency" panel at the 2013 Bitcoin Conference in Amsterdam, Netherlands this September 27th~29th ( http://theconference.eu). I am looking to see who would be able to attend and represent namecoin there. Who aside from vinced works on or has knowledge of the project enough to represent it? Thanks! |
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Wow, wish I had as much free time as he seems to have.
398 posts in about a week. That about 56 per day.
I like your site. I had an idea very similar that I was going to do with BitPay a long time ago that involved professionally approaching businesses based on the feedback on the website of viewer selected votes and write-ins and such, but it didn't go anywhere because I was scatter brained and involved in too many projects at once at the time. Let's see how many projects kobo is involved in. My guess will be either one (in the loan subforum) or the Ripple thread explaining how awful it is, as that's where most newbie sockpuppets end up. |
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I took notice of him when he jumped into a thread to claim I was a scammer (something off for a complete newbie) but if you look in numerous threads, many scammers got their start by pretending to decry scammers to make themselves look more legitimate. Hell, in one thread where I'm bringing doubt to a Paypal > bitcoin business (that was later closed down for exactly the thing I said would happen as they furiously denied it), even PirateAt40 popped in to tell me that I was out of line and that there was nothing but serious business ahead! Reading old posts is fun. |
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Well they proved that http://newbiejail.org wasn't a scam, so you can use that to skip the 4 hours but that doesn't solve your 5 post problem. Posting here does though. |
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Smells like some kind of psuedo AML compliance to me. Since when does a company selling a product list the products purchased in the statement? I don't remember my last Amazon statement saying "AMAZON.COM/DILDOSQTY4".
Normally I'm against alarmist retards posting threads to "warn" people about services, but this thread is actually spot on. They are absolutely going above and beyond to complicate your life in order to simplify theirs. If this is how they handle things, I think it's safe to say they need to explain why. Failing that, the free market should move around them.
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I'm not in a position to be the "I told you so" guy because I've made my fair share of business mistakes in the past 2 years especially, but goddamnit it's painful watching people ignore logic. You'd think people would learn how to use the search button before starting a business in bitcoin. Here, we have another anonymous bitcoiner claiming I don't know what I'm talking about and that "this time it will be different" stuff.  https://bitcointalk.org/index.php?topic=211104How long until CoinGator gives up on Paypal and offers an honest business model? The repeated history around here is depressing. |
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I didn't mean trustless, I meant untrustable but at 6am my vocabulary is failing me. Anonymous is not trustless, just untrustable, and CoinGator is anonymous (forum avatar pictures and potentially made up business names do not equate to identity). Time to call it a night before I end up posting the threads of actual businesses here who used Paypal and had to close their operations months later for having their accounts closed and owing people money. CoinGator, do the right thing and drop Paypal immediately if you're actually legit. There is no shortage of failed businesses and horror stories from people just like you but smarter who tried to do exactly what you're doing. Please understand that your lack of knowledge and continued ignoring of warnings does not make you look better, just more determined to scam or run a business into the ground. Cheers! P.S. Here is a similar thread I "bullied" another "smothered" genius business man who thought he knew everything too. Notice the random sockpuppet whitenights for him and the "Matthew is wrong because of *how* he is talking so we can ignore the logic in what he's saying" posts. Spoiler alert: every single thing I said came true and he closed shop in shame and moved on to his next anonymous name. Please keep in mind this was in December 2011 so it's extra disappointing for me to see people still not able to learn these business mistakes after 2 years. In fact, it's so stupid that you kind of assume anyone offering Paypal these days is a scammer. https://bitcointalk.org/index.php?topic=52625.0 |
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Randomly pulling "180 days" out of the PayPal terms of service as it applies to account closures and suggesting that somehow it applies to payment reversals seems to me misguided or maybe even a bit disingenuous.
If you're actually being serious with this statement, it proves you have no experience working with Paypal and people should not take your seriously. The last guy I warned on the forums said "blah blah I know more than you matthew blah blah I am legit blah blah". His "business" went out of "business" 2 months later because Paypal closed their account for selling bitcoins. Get a fucking clue. If you're looking to be a reliable and invaluable service to the bitcoin community, stop using Paypal. |
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P.S. Please stop "smothering" Bitinstant. I just can't stand bullies.  Oh, you're a Bitinstant shill. Now I get it. Bitinstant has given plenty of reason for people to attack them. They deserve to be smothered, because they are a proven ponzi scheme. They were given a chance, and they have shown themselves to be scammers. Coingator, as of this moment, has not. Since you don't understand sarcasm, how can I expect you to understand the concept of "anonymous = trustless"? |
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That lame excuse doesn't pass the smell test. 1) Difficulty of creating a bitcointalk.org forum account: Instant and easy 2) Difficulty in finding a photo online of some dude in college and saying you are him: Instant and easy. 3) Difficulty in creating an additional account and repeating #1 and #2 and calling said account a "partner": Instant and easy. 4) Difficulty in coming up with a name for a company that isn't registered anywhere in the world and only referenced in posts here: Instant and easy. 5) Difficulty of creating a Paypal account with fake but passable identification: Instant and easy 6) Difficulty in reversing transactions through Paypal: Instant and easy, with a small waiting time to have resolution department confirm violations in TOS for both parties Benefit to scammer: 100%+ profit with a potential 6 months waiting period on account funds to be released to them Benefit to consumer: up to -100% "Smothering" them? Get a clue. They cannot be a legitimate or honest business until after this amount of days has passed: Timer removed. End time: 2013-11-23+7:09:59 P.S. Please stop "smothering" Bitinstant. I just can't stand bullies. Federal law does NOT regulate the individual buying and selling of bitcoin. It's clear that you don't know the law, I agree. Look of the definition of Sole Proprietor in ANY state. To your further snotty comment, perhaps you should actually read my posts. I call out scammers regularly. In this case I'm warning the world of the dangers of dealing with non-licensed money transmitters like yourself. I stated publicly that ALL non-licensed entities like your will soon be shut down... seeking that post now... In my search I came across this EXCITING NEWS: https://bitcointalk.org/index.php?topic=214056.0Look, somebody who actually follows the law KUDO'S BITINSTANT! Kudos to Bitinstant? You must be joking. You realize that they are effectively a ponzi scheme, correct? https://bitcointalk.org/index.php?topic=128314.1060 - Their 352 page "support" thread detailing massive delays that has only calmed down because they started telling people that they must deal with the company via email in order to receive any assistance at all https://bitcointalk.org/index.php?topic=128314.msg2228559#msg2228559 - Something I found, they are actually purposely scrambling API client fields so that any user of the API would have every transaction infinitely delayed while they "hold" the money (pay this money out to other unfunded transactions, because they have a massive hole in their books). I was told that this issue had been forwarded to Gareth. No response, no fix after almost a week (because they are doing it on purpose). So don't come in here and try to defame legitimate companies in favor of those giving Bitcoin a bad name with your jailhouse lawyer nonsense. FC4BTC, like you, buys Bitcoins. Unlike you, they have lawyers that have given them the green light. You actually posted in here saying 'If I were a betting man I would bet that lawyers said "you had better register as a money transmitter" and D&T said "naw, I like the money I'm making and that would cost millions".'. I'm sorry, but your guesses about the interactions between a lawyer and a private company that you have nothing to do with are not a basis for argument. You are trying to steal business from a company that is undoubtedly infinitely more successful than you. You want to make money in arbitrage, but there are much easier ways to do so than spamming people via PM asking if they want to sell you BTC. If I were a betting man, I would bet that you have spammed via PM every single person that has posted in this thread saying that they have completed a transaction with FC4BTC, asking if they want to sell to you - based at least in part on your dubious legal theories. Try to scare their customers, and get them to sell to you. Nice strategy, but based on the level of desperation I see in your posts, I'm guessing that it isn't working especially well. |
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I'm taking my trailer and getting the hell out of this thread.  |
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Why the nsfw tag?
Maybe it's NSFW for people who work in photo labs. |
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