You may not be forcing anybody to invest but you are attempting to convince lenders to give you 1.55 BTC without any form of security. This practice is viewed and treated very negatively here. Next time, yes, read the rules before posting. It's disturbing enough to read posts from newbies asking for far smaller loans. How much more scandalous is it when a stranger asks for $6000 without offering any kind of collateral.

Lenders lend on the strength of acceptable and appropriate collateral. It is almost always enforced. Investment concepts or business models such as the one you presented above are not considered a suitable form of security.

Try borrowing from a family member or crowdsourcing your friends.

You have the nerve, you scammer. Are you color blind? Can't you see your own account's red paint? Or can you see it but prefer to live in denial about it?

Criminals like you should be tagged and banned from not just using bitcoins but also from taking up what little precious space is left on this planet.

If you are not happy with using escrow and if you have your own selfish rules, trade with yourself or with other criminals. Stop stealing from others. You should be ashamed of yourself but criminals are known to be shameless anyway so why should one even bother to remind you why or how crime doesn't pay.

204 is a Manitoba (Winnipeg) area code. Or are you just visiting Halifax?

You should also explain clearly how you want to pay for such a big amount of bitcoins (yes 1.5 btc is a lot of money) if you want to attract offers from "real dealers" whatever you mean by that. Or did you mean honest sellers?

And don't forget to use escrow. Given your account's age, nobody here will sell you almost CAD 8000 worth of bitcoins without escrow, especially if it's you want to use a risky and reversible payment method.

When buying bitcoins, be cautious when dealing with other newbies. Some if not most of them will try to lure you to send the money first. Some will try to persuade you to trade without escrow.

Edit.. I just googled your email address and found out you're into these pet scams and you even posted a 419 advance fee kind of scam on a Nigerian forum (Nairaland) so I now can assume with certainty that you are a scammer. The Manitoba number is a Dingtone virtual anonymous number. You are a Nigerian criminal lurking on forums and trying to steal here. Your style of writing is that of a typical Nigerian scammer. Grammar errors. Saying "I'm based in Nova Scotia Canada" instead of something more specific and un-Nigerian like Halifax or simply Canada.

Your account should be tagged.

I'm absolutely amazed and baffled when I read how 24 words can turn one misstep into a mathematical (and financial) nightmare. These computational complexities underscore the high level of security in bitcoin technology. It's mathematics and finance married and merged to perfection. While financial markets can be unpredictable, mathematics on the other hand is precise and unforgiving.

Beautiful but also scary explanation there, Danny. Thank you.

When setting up a bitcoin wallet, one should be 100% awake, sober and conscious.

You posted incorrectly. It should be lol why do people always break the rules gamble with scammers then bitch when it they bite them in the ass?

These web-based casinos are engineered to win. They are designed, I dare say even rigged, to stay profitable and lucrative. Hoping their gamblers will lose is not enough. The gamblers must lose. Provably fair.. yes, they may claim that in their defense. It's also about staying one step ahead of the gamblers.

Take those bonus terms & conditions as an example. If you don't read the fine print and later raise a ruckus here about these scams, you will have shills here barking at you, defending the scammers who pay them just about enough shill-money to pay for a Mac Meal. Plan A is to first try to discredit the gambler. Make him look like the evil illiterate guy who can't read their fine print. If that doesn't work, plan B comes in. The gambler is the scammer. He cheated. He played the dice wrong. He pressed the wrong keys on his keyboard. He played with his eyes open.

Stop gambling. You will lose everything with mathematical certainty.

Not doing the signing of a staked address? Why? Are you just another criminal trying to pretend you are well-liked, well-established, well-trusted here?

And what was that? You refuse to use escrow? Is it because you demand that others trust you while you don't trust them? How convenient... for you.

So everyone here should send their bitcoins to you FIRST and then and only then do you send them your REVERSIBLE PayPal payment, correct?

I advise everyone to not trade with this individual. He has the nerve to ask for money upfront. It's basically the same thing as asking for an unsecured loan. He wants you to send (loan) your bitcoins to him without escrow (uncollateralized) and then he pays with his reversible PayPal (that's even if he intends to do it).

You have the audacity, sir. You demand that people trust you while you do not reciprocate that trust. That might be fair in your eyes since this world is full of fraudsters but then again, people should also see you as a potential fraudster.

Deal with this person only if the transaction is escrowed. That is, don't send bitcoins upfront. And even if escrow is involved, keep in mind that PayPal payments are risky and reversible.

I'm not sure if they will release your funds if they freeze or close your account. Here is the OFAC site about sanctions compliance:

https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_compliance.aspx

It states that when an account is detected or suspected as belonging to a resident of a sanctioned jurisdiction, the account will be frozen and transactions blocked. If that is the case, then you can't move funds (you can't transact or move funds in and out of the account) which basically restricts your access to those funds. If you can't move the money, then you can't get it.

For a more authoritative determination about the status of your account and your funds, I suggest you contact Coinbase and ask how or if you can access your funds after they close it. I think the take any other actions required by law phrase means they will freeze your account and funds as required by OFAC.

What kind of amount are we talking about here?

If you are a US resident visiting Iran temporarily, you might have a chance to recover your funds if you can provide the documents they asked for in the alert message.

There should be a Hall of Shame, a thread of it's own, for errant casinos.

These sites are engineered to do one thing: take your money. They weren't designed to dispense free money. The odds are always against the gambler. One can argue here in defense of their provably fair claims but this is not 100% foolproof. This entire provably fair model is based on the idea that the past is predictable. As a consequence of this, the future can be just as easily predicted. These casinos may not be able to manipulate the results as they are perhaps truly random (and can be proven so) but they can determine those results ahead of time. This is a fatal and costly flaw in favor of the house.

They will always win, guys. And in the rare event that they don't they will find ways, loopholes, backdoors, fine prints and other tools to redefine the word win to you lost.

The solution is to provide the documents and information they are asking for: a government issued ID or passport proving you are not a resident or citizen of Iran and proof of residence in a non-sanctioned jurisdiction.

If however you can't give them what they mentioned in the alert notice you received, then they will proceed with closing the account. As for the take any other actions required by law part, I'm not sure what that would be. They might report the account and your information as a matter of procedure.

The account should be tagged. It's without doubt a scammer's account. And the accelerator is definitely fake. It's sole purpose is to rake in bitcoin payments from desperate members here who have stuck transactions.

And that one same address for payments is a dead giveaway of this fraud. There is no way he can identify or correlate transactions without any identifier or descriptor clearly referencing the transaction to be accelerated.

So they copied the FAQs. Plagiarism is fraud and when someone plagiarizes he is a fraudster.

And finally, your whois query confirms it all. Definitely a scammer.

Whatever you do, follow only safe instructions where you have full and sole control over your recovery phrase and private keys.

Never ever ever follow instructions shown on videos posted on YouTube.

And be aware of the scam discussed here:

https://bitcointalk.org/index.php?topic=2099371.0

It doesn't matter how impressive the website is or how professional the YouTube video appears to be. Don't be tempted. The most important thing you need to remember is to never share your recovery phrase and private keys with anyone. One scammer stole more than $200k worth of coins (collectively) using instructions explained on a YouTube video. That video is now disabled but of course the scammer and coins are long gone.

This is a malicious form of advertising and scamming taken to higher levels. Knowing they can or will be tagged, scammers are now using the feedback system as their classified ads. It's like free advertising for them. They advertise on a trusted member's feedback page to give the "advertisement" a touch of credibility.

Might be good to introduce a feature where untrusted feedback expire after a given amount of time has lapsed.

A training base? We might have forgotten to look at it from a different angle.. perhaps it is U.S. intelligence, posing as an exchange.

Joke aside, I hope bitcoin will continue to grow in the future and find more stable and lasting acceptance not just as a currency but also as a payment method in the retail environment. It's the anonymity factor which the US hates. Banks are easier to regulate and sanction, if they cross the line, while bitcoin transactions are easier to obfuscate and are not susceptible to blocking, freezing or suspending... those time-tested tools which keep the average Joe and plain Jane under control.

Interesting. There seems to be something suspicious with the account.

Here:

https://bitcointalk.org/index.php?topic=2098308.0

He tries to urge lenders to lend money to a hijacked account.  (he deleted his post but there is a quoted copy of it on the thread)

And now this accusation.

This account should be tagged as a precautionary measure before he continues his scamming spree.

Very ambitious. And nice colors.

"will be launching the largest cryptocurrency exchange in the world"  let's see about that. The thing about some Indians is they love to exaggerate, often to extreme levels. This is another example:

"daily bank transactions of nearly $50 Billion has the highest amount of daily banking charges of around $5 Billion" Are you saying banks in India earn 10% ($5 billion) of transacted funds ($50 billion) daily? Assuming a relaxed estimate of 260 banking days per year (after weekends and public holidays) that would equate to fees of 1.3 to the power of 12. My laptop's calculator can't even give me the full amount.

Exaggeration affects one's credibility. Just keep that in mind.

And you're advertising here to attract ICO investments?

At first I thought this was yours:

http://www.dukepainting.com/

But then realised it wasn't when I saw gutter work, pressure washing, handy man work etc lol.

Google just "posted" some of your images on their site's images section. Interesting. Looks like highly complex mural work.

Here's wishing you all the best in your career and I hope this platform will connect you with collectors with enough bitcoins to buy your artwork.

Is it really brand new?

Nevertheless, if anybody is interested in buying this phone, be sure to use escrow. Do not send bitcoins first. Always use escrow regardless of what the seller says. "Must pay shipping costs first... must pay taxes... must pay a small deposit to prove you seriously want to buy" Don't fall for these industry-proven ripoff tactics. Do NOT send bitcoins first. Look for a suitable escrow who will safely hold the bitcoins until the phone arrives and is inspected and found to be defect-free and functional.

Time to change passwords again. Reading threads like this makes me paranoid.

How exactly are the scammers hijacking accounts? It's not like the passwords are posted publicly. And convincing people via pm to share their passwords happens only to the hopelessly naive and braindead. I always thought passwords were stored in encrypted form in a secure repository of the server. Or is there some kind of backdoor access to accounts?

Ich bin sprachlos.

Correct me if I'm wrong: 154 ETH??

Das kann doch nicht wahr sein. Jeder macht Fehler aber wie macht man SO einen Fehler.

Guys guys.. let's all give him the benefit of the doubt. He was simply hoping someone here would naively fall for do it. After all, creating and opening an exchange overnight is an amazing feat. Why ask for proof? Just take his word for it and let's all send bitcoins to this xyz exchange.

I love the boldness. The brazen and shameless approach. The mark of a true scammer (I beg your pardon) entrepreneur. A spanking new account and right to the point: I want lots of bitcoins. PM me (for my Skype... duh what else would it be). And since we claim to be are an exchange, we expect you all to send first.