Can anyone confirm if Tim stated that he kept the PKs of all the Titans in a security safe? If so, I think this is very serious and everyone should peel their coins. If anyone knows whether this is true, please confirm and share.
On page 17 of the OG thread there’s discussion about how with the 2FAs his website would show coins funded, but go to block explorer or whatever type in pub key and you can see he moved coins. “Quite RealHummer - everyone shoukd check blockchain as it looks like a bunch was moved on 11-15-22 all to the same addy”.
In OG thread I can’t seem to view all pages on mobile. I got on the thread on a desktop but am logged out (w out my login info atm), don’t see view all threads again , or perhaps is cuz it’s locked or too many pages or whatever the fck but if you know how type in “bank vault” im pretty damn sure I’ve got screen shots of his website where he talked about having keys in a vault. I know for a fact this was said somewhere and i mentioned in the thread somewhere..can’t remember if he specified having done so for just 2FA or all coins. But I would ask, does it even matter ? He’s a scamming piece of shit regardless … sorry too busy atm to go page by page searching for key words. If you or no one else does in next few days I will when I can
Tons of typos I’m sure ^ apologize , busted this out quickly
Edit : “ Jordan on August 30, 2015 at 6:42 am
I bought some more Titan coins to give away as gifts and asked them about BIP38. Their president answered my email (albeit like 3 days later) and explained that because the coins are resold, encrypting the private key means that they can’t guarantee the value of the coin anymore. If the encryption password is lost, or if the seller doesn’t give it to the buyer, the bitcoin is never transferred. Honestly, after reading up on it, BIP38 seems like its good for personal paper wallets, but its the wrong thing for physical coins. I wouldn’t have investigated though if it wasn’t for your reply, so thank you.
I did ask about the “Recommending 2-factor” thing too. He said that people that don’t know about bitcoin yet often screw things up, like peeling off the hologram and throwing away the private key for example. If you don’t know what a private key is, then the 2-factor coin is “recommended” because you might lose the bitcoin value out of ignorance. I guess this has happened to people? Anyway, that’s not for me as I prefer unencrypted private keys.
I would suggest you get rid of the SCAM label for this company. They’ve been super cool and they’re phone number and address is on the packing slip when you buy stuff from them. It’s your website of course,
but these guys are not scamming.”
https://benvanbitcoin.wordpress.com/2014/04/17/scam-titan-bitcoin/I’ve never once heard of anyone even coming close to peeling a coin and throwing away the key / holo- Tim planned this from the get go. If this doesn’t click for people that that’s the case , seek cognitive impairment help - every Titan coin should have been peeled long ago. What if Tim kept all keys in the vault and not just 2FA “well if he had regular PK coin keys he’d have peeled those long ago” flawed logic. His 2FA is clearly a scam but there’s shreds of plausible deniability that could keep his fines and or jail time down. He slowly played this game for years “oh website is just down it’ll be up again soon” likely paid off a feel coin holders to keep them quite , and I believe did have his website redemption available on and off but Jesus Christ at this point is all so muddled I can’t remember nor honestly care as it’s Irrelevant from my viewpoint. Now I ask... Let’s say Tim moves Dubai or the British Virgin Islands , stole all coins as he had saved all keys , wtf is anyone going to be able to do about it? NOTHING…eventually statue of limitations kicks in and he comes back home. Sounds like a wild story that’ll never happen right ..Rob , blockchain mint/cold storage coins and 1k other company names under his tutelage did just this. He moved to Singapore to scam from there and avoid legal issues. Moved back , right after Singapore struck a deal w the U.S. to allow extradition.
Here I am bn a parrot again in hopes one person might wake the f up who hasn’t.
Side note rant - This is why IMO no one should buy the new Satori coins that force funding (sizable amount) and there’s some sorta 2FA involved/ pdf/ website involvement needed to redeem, in at least one of the versions. Either way Moto is running this release very oddly considering he’s been such a strong smart advocate of btc for so many years and understands the collectible space very well.. then goes and makes shit like their upcoming drop , and tho STILL no official sale price, all talks of what it’s “likely to be around from sources in the know “ is ridiculously high.
I know this is all wild to hear from me , first time expressing concerns over blatant ignoring of sound educated advice. I’ve def become a grumpy asshole so f me and my two Satoshis but I’m far from alone here .. MinerJones has been echoing the same for years now too.
Forced funding and any sort of 2FA is beyond damaging to the hobby and things are getting worse.which is beyond obvious at this pt, so if you still like the hobby, don’t support this kinda bs. Make cool DIY collectibles. Give the option to generate keys fine, but don’t load if you’re a maker.
I could go on and on, I swear, but end rant (sarcasm) .. I just spent a bunch of time I just said I didn’t have cuz I care , not to upset anyone or hurt the hobby.
