Interesting but deleting 100's of posts, (potential evidence for or against), is pretty damning in of itself. Also, all the thread and post spamming, name calling, bad attitude and general bully tactics does not speak well either. Massive thread and post spamming of duplicate and triplicate information over and over is a red flag as well, makes one not want to read anything. TLDR syndrome.
There are quite a few that despise Usagi and want him purged no matter what. From what I have read, it seems to be self inflicted.
So, who has the final say in these matters?
Only theymos the site administrator can apply a scammer tag. |
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augustocroppo has supplied a lengthy refutation of Vampire and Puppet accucation that usagi intentionally mislead investor with inacurate calculations. https://bitcointalk.org/index.php?topic=113708.msg1429344#msg1429344In it he shows the time line in which the mistake was made and show that Usagi corrected the mistake and never used the mistaken calculation to promote his fund to investors. |
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As long as the USD is the World Currency the FED will just keep printing it.
And as long as the media shoves microphones and cameras in politicians faces they will bask in the warm glow of the kleig lights as they blame the other party for all the woes of the american economy.
Meanwhile this is all playing out according to the Council on Foreign Relations plan.
The US economy will eventually collapse. The Eurozone will eventually collapse.
Then the CFR will finally have a world currency with which they can dictate world policy.
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Sure.
2% fee. (paypal charges me 1% to use masspay)
PM gox code for $51 and you paypal email if interested.
Thanks.
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usagi
I don't read your posts. They make no sense. You repeat things you said before. You post links to links to links all in an effort to obfuscate.
I don't believe you, I don't trust you and you have zero credibility with me and many in this community.
If you post facts, statements made, payments received and payments made then maybe we could come to some resolution. Math does not lie.
However you do not. It has been show time and time again that you are dishonest and duplicitous. If that is how you choose to run you businesses that is you choice. I, for one would prefer you not run this type of business in the bitcoin community.
Look at the thread of a business like Tangible Cryptology, probably one of the most trusted and respected business in the community. There are always some complaints but there is also post after post of satisfied customers. Then look at any one of your threads. They are train wreck. You are accused again and and again in thread after thread.
Then you supply a list anonymous list of "Satisified User" quotes. NOBODY believes you.
Why would you detractors make these complaints up?? Yes there are HUGE personality conflicts in this community all the time. And it is easy to see where pissed off people make complaints. Look at any of the Mt Gox threads. Look at the some of the Bitinstant threads. However in these threads the owners do not attack their customers, (unless it is phantomcircuit of Intersango - another clusterfuck) they explain the situation causing any problem and resolve the disputes and these business continue.
It is clear from the many complaints in your many threads and you responses to complaints in your threads that you are incompetent, dishonest, duplicitous and I believe committing fraudulent activity and that you should be tagged a SCAMMER.
If anyone in the community would like to support you or feels that I am being unfair to you please post here or pm me directly.
I have locked my thread to prevent you incessant sperging which only serves to cloud any issue being debated. I will post any PM that I receive in your defense. I will NOT post any of your PM's until you supply me specific facts that refute any of the claims being made.
Also that fact that you deleted over 1000 of your posts and your wordpress site only lend credence to your lack of honesty and credibility.
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bitcoin is made possible by cryptography
cryptography was created to preserve secrecy and anonymity.
when we have a full bitcoin econony , WITH NO NEED TO CONVERT FIAT TO BITCOIN, this will be a beautiful thing.
At the present time secrecy and anonymity provide fertile grounds for hackers and scammer activities.
And the point at which bitcoin and fiat meet are a real problem for us all.
DO NOT TRADE BITCOIN FOR ANY PAYMENT FROM THAT CAN BE REVERSED.
MONEYPAK
CREDIT CARDS
BANK TRANSFER
PAYPAL
SERVE
ETC
UNLESS YOU KNOW AND TRUST YOUR TRADING PARTNER.
While you can purse scammers after fact you'll have more luck and less trouble if you vet your trading partners or use some sort of trust system (bitcointalk.org, bitcoin-otc) IN ADVANCE.
Even banks and Paypal do not pursue scammers after the fact. THEY ARE NOT PAYING FOR THE LOSS - YOU ARE. They set aside hundreds of millions of dollars of fees paid by merchants that allow them to write off these lossess. The only thing banks and paypal, etc are concerned with is preventing future fraud as they do have to pay for the present fraud. That is passed on to the consumer.
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Usgai told BMF investors that they were indemnified against capital loss by CPA. When they lost capital they received no payments, despite having paid some premiums. Usagi NOW claims that the contract was just a test - with no intention for it ever to run through to completion normally. If we assume usagi is NOW telling the truth (he isn't - but it's not relevant) it means not only did he fail to deliver the insurance he said was in place - but he KNEW when he said it, that it was untrue and that there was no insurance.
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For the Record usgai is locate in JST so all timestamps have to be calculated with this in mind.
I would also recommend using GMT when comparing times stamps in disputed documentation.
Usgai,
Thank you for that clarification. See has easy it is to clarify things with facts. Now if you can just supply facts to refute all of these other accusations you can make this all go away right now.
I look forward to a successful resolution, regardless how this turns out.
Thank you
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Hello all. I'm terrible sorry for not responding to this earlier. A mix of personal issues with searching for a solution prevented me from it. Unfortunately, I have very bad news. I cannot currently proccess your withdrawals. The situation is very complicated and it's all my fault, that's why I feel terrible about it. I tried to make this up, to keep the site afloat and somehow recover the funds, but it's not possible anymore. Right now there are 1786 BTC pending withdrawal, which I can't honor... Earlier this year, I had this "genius" idea which led me to making a fatal mistake. I thought I could provide a hedge fund service for Bitmarket users. There were other sites providing this service so I guesses that it could be successful. I had experience in trading before, all I needed is a platform. And there was one - Bitcoinica. I was so convinced with this idea (and sooo wrong in hindsight) that for a while I kept majority of "offline" Bitmarket funds there. What I didn't expect was that one day it could just dissapear - taking all the money with it. What's worse, the funds were shorted when it happened (converted to USD and sold) - and after Bitcoinica dissapeared BTC price rose by about 250% until now. So while there is still chance to recover the funds (there is an appointed liquidator assigned to this case and I've already sent in claims) it will be not enough to cover all people's funds. For the record - there are 20161 19980 BTC missing (edit: I subtracted my funds that also were deposited on Bitmarket), and Bitcoinica claims total for around 50K USD (the exact amount is uncertain because the liquidators haven't yet stated at what rate they will liquidate positions). Sadly, I alone, I'm out of options. I don't have own money to pay for this loss (Bitmarket never made any real profit and I make up for a living by part-time web/mobile programming). The options for making this up for everyone as I see are: - find an investor (or investors) that is willing to cover at least part of is debt. I would transfer all rights to the website software, servers and database to him and also work as a technician, possibly also implementing features he'd wanted. If you reading this have the funds necessary to make this work, PLEASE contact me on this. - freeze all current funds and "start over" trading with explicit fees, implementing much-needed features like rating system and others. All profits from the fees would go directly to a fund for repaying the debt. I'm afraid that this option alone is not enough though - many people won't (and have full right to do so) trust the site again... - something else? Again, I would like to deeply apologize to everyone involved with this. I'm really sorry  . I made a fatal mistake and I have to deal with it now. If you thinking about sueing me about this - you have full right to do so, but I don't think it's a good idea - I don't have any money so winning a case will get nothing for you and possibly ruin my life . It also would prevent me from doing anything to alleviate this situation, and I really want to make this up for everyone and I'm willing to do anything in my power to do this. I had many sleepless nights thinking about how I can make this tight. I just need some help with this. Last, but not least... If you have any bitcoin you can donate to help users that have locked funds, please send them here: 1Km5GFMat1DXcbvMTeH9ZvLGKvFCLBA9dMAll received Bitcoins will go directly to process withdrawals. I will update how much is left in this thread. |
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Bitcoin.eu Frequently Asked Questions. (There are not posted terms of service)
General
What is Bitcoin?
What is BitMarket.eu?
What is Bitcoin?
Visit bitcoin.org to find out.
What is BitMarket.eu?
BitMarket is an on-line exchange used for trading Bitcoins for other currencies.
Trading
How does BitMarket work?
How do I sell Bitcoins on BitMarket?
How do I buy Bitcoins on BitMarket?
Is it possible to cancel a transaction?
How do I deposit money to BitMarket?
Does BitMarket itself sell/buy coins?
How does BitMarket work?
BitMarket functions in a similar manner to a stock market. Unlike some other exchanges, we do not take any money deposits, but only provide an Escrow service for Bitcoins so that the buyer can be sure that he/she receives their coins even if the seller changes his mind. Of course, if both parties agree, it is possible to cancel transaction.
How do I sell Bitcoins on BitMarket?
Before you start trading please visit the Account section and specify your accepted payment methods (currently local wire-transfer, SEPA wire-transfer, foreign wire-transfer, Paypal). Only buyers that have at least one matching payment method with yours will be able to bid on your offers. For example, if you live in Germany and you only accept local wire-transfer you will only be able to sell to people who are able to pay you by a domestic (in this case - within Germany) wire-transfer. Foreign wire-transfer means that you accept payments by bank transfer from any conutry.
In order to be able to sell BTC on BitMarket, you need to deposit them onto your Unique Deposit Address (it can be found in the top-right corner of the screen after logging in). You do so by simply sending any amount of BTC onto this address. Currently BitMarket requires 2 confirmations in order for the transfer to get acknowledged. Also, our site engine scans the wallet every 2 minutes, so it is possible, that you will have to wait for another minute or two after the second confirmation for the funds to show up in your account balance. However, even before that you will be able to see the transfer as unconfirmed under Account History in the Funds section.
Once you have the coins on your account you can create a sale offer. To do so, go to the Offers menu and create a new Sale (Ask). Below there is an explanation of the fields:
1. Offer type: whether you want to buy BTC or sell BTC. Should be set to Sale.
2. Amount: the total amount of BTC you want to sell.
3. Currency: the currency you want to be paid in.
4. Price per 1 BTC: how many of the selected currency units you want to get for 1 bitcoin.
The total field shows how many of the selected currency units you will receive for the total amount of BTC you want to sell.
Once you click the "Create offer" button, your offer appears in the Market section for everyone to see. Once this happens, the relevant amount of your BTC (i.e. the amount of BTC you put on sale) gets frozen with BitMarket (you can see them under your account balance as frozen). This is to ensure that you do not try to sell more bitcoins than you actually have and also that you will not be able to withdraw your Bitcoins while they are put on sale. At this stage you still have the right to unfreeze your coins by cancelling your offer (go to Offers and click Cancel button for the relevant offer).
Once a buyer is found for all or some of your coins, you have no right to unfreeze them anymore and they get locked (frozen) for good. On completion, each offer becomes a TRANSACTION and from now on you can see it under the Transactions menu. A "Send Coins" button will be active for this transaction. This button is used to send your frozen bitcoins to the buyer. It is VERY IMPORTANT that you do not use this button BEFORE you receive the money. By clicking this button you CONFIRM that you received the money and you SEND the coins to the buyer permanently. This process is IRREVERSIBLE and BitMarket will not be held responsible for any BTC loss if you do this before receiving the payment.
Once your sale offer gets matched with a buy offer, both you and the buyer receive an e-mail with instructions on how to proceed further (meaning contacting the other party to discuss the payment method). You can also set a default message for your buyers from the Account section. This message will be attached to the standard e-mail content.
How do I buy Bitcoins on BitMarket?
Before you start trading please visit the Account section and specify your accepted payment methods (currently local wire-transfer, SEPA wire-transfer, foreign wire-transfer, Paypal). Only sellers that have at least one matching payment method with yours will be able to bid on your offers. For example, if you live in Germany and you only accept local wire-transfer you will only be able to buy from people who are able to accept a domestic (in this case - within Germany) wire-transfer. Foreign wire-transfer means that you are willing to pay international wire-transfer to any conutry.
Since BitMarket do not accept money deposits, you do not have to have any funds within the market to start buying. However, you cannot do any trading before we verify your honesty. This process is necessary to avoid nasty/fake offers and protect the sellers.
Once you have been verified as an honest buyer, you can create a purchase offer. To do so, go to the Offers menu and create a new Purchase (Bid). Below there is the explanation of the fields:
1. Offer type: whether you want to purchase BTC or sell BTC. Should be set to Purchase.
2. Amount: the total amount of BTC you want to purchase.
3. Currency: the currency you want to buy the coins with.
4. Price per 1 BTC: how many units of the selected currency you are willing to pay for 1 bitcoin.
The total field shows how many units of the selected currency you will pay for the total amount of BTC you want to purchase.
Once you click the "Create offer" button, your offer appears in the Market section for everyone to see. At this stage you still have the right to cancel the offer (go to Offers and click Cancel button for the relevant offer).
Once a seller is found for the whole or some amount of coins you want to buy, your offer (or part of it) becomes a transaction that you can now see under Transactions menu. Once this happens both you and the seller receive an e-mail with instructions on how to proceed further (meaning contacting the other party to discuss the payment method). During this time the seller's coins remain with BitMarket and he/she will be unable to do anything with them other then sending them to you. Once the seller gets the payment, he/she will then release the coins and they will appear in your BitMarket account balance.
Is it possible to cancel a transaction?
Yes, it is, however you should not do this unless you have a VERY good reason (e.g. your bank is unable to send the payment to the seller's bank). Also, you cannot cancel the transaction by yourself, but you can request the other party to agree to cancel it. To send a cancellation request to the other party go to your Transactions and use the "Cancel transaction" button for the relevant transaction.
You will be asked to type in the reason for cancellation, that will be then emailed to the other party of the transaction. If they deem your reason fair, they will cancel the transaction. Otherwise the only way to cancel it is to email BitMarket. Please remember: buying coins is not a game, these are real people you deal with and by putting an offer out there you give your word that you will fulfill it. If you abuse the Cancel option your account will more than likely be suspended and you may be banned from the exchange.
How do I deposit money to BitMarket?
Currently we do not accept money deposits. The payment process is left entirely to you and the other party of a transaction.
Does BitMarket itself sell/buy coins?
No. BitMarket only provides the means to trade BTC. We do not BUY nor SELL any bitcoins. By trading via BitMarket you always trade with a third party.
Privacy & Security
Are my Bitcoins safe with BitMarket?
Is my password secured on the BitMarket database server?
Is using BitMarket safe?
Are my Bitcoins safe with BitMarket?
Yes. Our wallet and database are first backed up, encrypted and then copied to an external location on a regular basis.
Is my password secured on the BitMarket database server?
Yes. Passwords are 'salted' and then 'hashed' using a modified version of the SHA-256 algorithm (the same one that is used to secure transactions in the Bitcoin network).
Is using BitMarket safe?
Yes. All communication between you and our servers is encrypted using secure socket layer technology (SSL). We hold an SSL certificate approved by GlobeSSL CA SSL Certificates.
Technical stuff
I didn't receive my activation email, what's wrong?
Why do I have to verify my BitMarket account?
How do I verify my account?
How long does the verification process take?
I didn't receive my activation email, what's wrong?
Please check your spam folder. If you don't see the message there please contact us.
Why do I have to verify my BitMarket account?
The main reason for which the verification process is there is to protect the sellers against scammers. Because of the fact that, unlike other exchanges, we do not take money deposits in, it is very easy to bid on coins and then not pay for them. Even though you will not be able to get any coins this way, you are causing hassle for the sellers and slow down the trading process. Thus, we need to make sure that you are a trustworthy person before we allow you to trade.
How do I verify my account?
To verify your account:
1. Log in to BitMarket
2. Go to the Account section.
3. Go to Verify Account subsection.
Here you can select the way you want to get verified. If you have some OTC reputation from the #bitcoin-otc IRC channel, select Bitcoin OTC rating option and follow the instructions on the screen.
In case you have made some successful trading in the past using CoinPal (RIP), select CoinPal as verification method and follow the instructions on screen. If you have neither OTC nor CoinPal reputation, select Other and suggest a method of confirming your honesty. After doing so, click the Verify Account Button.
How long does the verification process take?
Not longer than 48 hours; usually a few hours. However, if you do not hear back from us within 48 hours, please contact us by e-mail.
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Bitcointalk.org user and BitMarket.eu operator M4v3R should be tagged as a scammer for clearly violating his terms of service and putting user funds at risk and losing user funds. From the Bitmarket.eu Frequently Asked Questions"How does BitMarket work? BitMarket functions in a similar manner to a stock market. Unlike some other exchanges, we do not take any money deposits, but only provide an Escrow service for Bitcoins so that the buyer can be sure that he/she receives their coins even if the seller changes his mind. Of course, if both parties agree, it is possible to cancel transaction." "Are my Bitcoins safe with BitMarket? Yes. Our wallet and database are first backed up, encrypted and then copied to an external location on a regular basis." FROM M4v3R's statementI thought I could provide a hedge fund service for Bitmarket users...And there was one - Bitcoinica...I was so convinced with this idea... that for a while
I kept majority of "offline" Bitmarket funds there...the funds were shorted when it happened (converted to USD and sold)...So while there is still chance to recover the funds...it will be not enough to cover all people's funds...For the record - there are 19980 BTC missing...I don't have own money to pay for this loss ...
No where does is say he would hedge users funds. No where does is say he would SHORT user funds. No were does it imply that any user funds would be put at risk. While M4v3R has apologized for this failed action and is evidently trying to recover the bitcoin community MUST police itself and make it clear any and all fradulent and duplicitious activity such as this will not be acceptable. Therefore I would call for a scammer tag for user M4v3R. Full disclosure: I am not a user or a creditor of Bitcoin.eu. |
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danieldaniel
You are only 14 years old. You account may violate his terms of service for age requirements.
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It appears you are unable (or more likely, unwilling) to respond to the evidence I have provided. When I get some time I will note on the webpage you and BCB are refusing to respond to the evidence I have provided, and therefore you have admitted, in principle, you cannot continue with that accusation against me.
Looks like one down, fifty six to go.
Wow. LIAR. We can't independently verify your webpage for creating editing. I already proved it that you modified the page with a lot of lies in it. Yes I can verify it, check the screenshots on the web page. Times and dates are included. Then again, you can't independently verify anything, can you? You can't even independently verify that I made the actual quote because I deleted my posts. I've already given permission for Theymos to undelete whatever he wants so your point is moot. Here's what I've posted on the webpage kongzi.ca/BCB/misrepresent1 Status of Case #1:
I believe I have provided sufficient evidence to show that I did not misrepresent how I valued assets in this case.
Dec 30, 2012: BCB has been notified of this response in PM and on the forums in replies to his posts. I have not received a response from BCB nor has he changed his outlook on this case in his locked thread.
Jan 2, 2013: Vampire has essentially stated he is unwilling and/or unable to respond to the evidence presented on this webpage. As he is unwilling to continue his case against me, I propose the matter closed in my favor until such time as he becomes able to respond to the evidence I have provided. Reference: https://bitcointalk.org/index.php?topic=113708.msg1429160#msg1429160Have a nice day vampire. I'm sorry you hate me, but you lost this round. I'll be moving on to the next accusation in due course. Please, feel free to explain why you believe I misrepresented how I value assets by cutting and pasting the actual formula from the spreadsheet any time you want. Usgai, You can't even get your current facts straight! Today is January 1st, 2013. Where are you located?? EDIT: this was an inaccurate accusation as usgai is located in JST. I rest my case. |
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So this exchange make no money because he charges no fees??
So to make money this exchange owner GAMBLES YOUR FUNDS on bitcoinica and looses.
You all would have had a better change sending all those coins to Saoshi Dice. At least you would have been aware of the risk involved, had a little fun and maybe would even had had some extra coin to show for it.
If I were a BitMarket.EU creditor I would make a Scammer accusation as the owner clear violated any stated or implied agreement he had with his users.
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This is confusing even to me. Looks like I made a mistake because of the timezones. However, accusing me of doing it intentionally is pretty dumb, no I did not change my forum settings to GMT just for this -- that's just obfuscating the issue, which is whether or not I misrepresented how I valued the assets. Stop blowing smoke. There is plenty of additional evidence that I did not intend to misrepresent the formula even on the page you quoted; but I will shortly be providing additional evidence (listed below). Here's the existing evidence that continues to refute what you have to say: (#2). The formula was posted in the same message as the statement, marked with an asterisk. It was simply a typo. You should have known this and asked why I said average when the formula on the very next line clearly said max, instead of jumping to an illogical conclusion that I was trying to lie. You should have given me a fair opportunity to correct myself. (#3). The comment was made in a thread unrelated to my companies which was not being used to advertise or promote my companies nor how I valued my companies. Summary of the additional factual evidence I will provide:-- Proof the formula was public on the webpage for four days prior to your complaint (thus justifying that it was a mistake) as advertised in 2012-38-NYAN-statement dated September 23rd, 2012-- further to the above, that the webpage was not changed again until I added the formula, in plaintext, to make sure no one made any mistakes on how we valued the fund. -- Investors were encouraged to send questions about anything they did not understand (Ex. bottom of 2012-37-NYAN-statement) -- 2012-38-NYAN-statement dated September 23rd, 2012 which discusses the shift to using an automatic value and further encourages investors to contact me with any questions -- Quotes from the Securities Forum which show we were discussing a good way to pull data off the GLBSE, and therefore that I was engaged with investors, listening to their concerns, and implementing them as any good fund manager would do. Evidence that is apparent from existing data but which will be pointed out more clearly on the webpage:-- The column in question is NOT the only value which was provided. There was the analysis value, as described in part above, as well. -- letters to shareholders 2012-37-NYAN-statement dated September 16th in which how I value companies using analysis is discussed. This explanation was given because people were beginning to question how I valued my securities. Central to this issue is the so-called "Real Value" column. I hated pulling data off GLBSE and I made sure everyone knew that (see existing webpage which will be updated with the new info soon). In other words, before I posted that, I had already begun advertising the proper formula on the webage and spreadsheet.
In the other words you tried to edit the documents post factum. No, and it is illogical that you jump to that conclusion without first allowing me my rightful time to prepare a defense. Both you and BCB, in doing that, have demonstrated once again your incredible bias against me. The facts, on the other hand, speak for themselves. You, in full knowledge that we had been valuing securities in that way for four straight days, seized upon the chance to do me in when I made a typo. Shame on you. All investors were notified we made a change to how we value securities, all investors knew about the spreadsheet and could see for themselves. When confusion arose I immediately stepped in and clarified the formula on the spreadsheet. Yet for some reason you insist I was trying to deceive people. You are not being logical. p.s. That's not a nail. Puppet later admitted he was wrong in that specific instance. If and when I find the post on the securities forum (we only have quotes that bled over from the EskimoBob thread ATM) I'll post it on the webpage too. Too much BS usgai. Please just post facts to refute. Unfortunately no one believes you. Fortunately for you facts can't lie. Puppet. Please confirm this last point that you were wrong Thank you |
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usagi
I don't think we really need any more accusations. You need some defenders.
Where are they.
I'm glad to update my locked thread with any FACTS that refute the conclusions I'm drawn based on specific information provided by community members.
Thanks.
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