Casualty List

[Bitware]

Probably because it was a Money Services Business (MSB) that held stored value in the form of bitcoins through their escrow service until the buyer released the funds by acknowledging their receipt of the purchased goods.

The basic logic behind that is good. But it can't be applied to Bitcoin-based businesses, as BTC is a very volatile currency. For example, a buyer, who is selling some stuff for BTC0.10 (when the exchange rate is $900), can incur huge loses if the exchange rate drops to $200. Here, instead of $90, he is getting only $20.

You might want to take up that argument with the US Department of Justice and the US Department of the Treasury. They both disagree with you and apply it directly to Bitcoin.

Please read: http://www.fincen.gov/financial_institutions/msb/materials/en/prevention_guide.html

[flyingplows]

CoinTerra, Ltcgear.com (not paying reward since last year), The Dutch company Mining ASICS Technologies (MAT) , Mintpal
a lot of them went down.

Don't forget GAW and AM, these companies are as good as dead in my opinion now;) Soon^tm to be officialy

Nah, that one s going to survive. The community s still strong there.

  which one of those is going to survive AM or GAW? And since you mentioned some community support you must be talking about Homeros company and their hashtards, you are joking right? AM is not even worth discussing - it's out of the business after their latest project (AMHash scam). Good one

[GenTarkin]

Is ASICMiner officially dead?! ... no more new chips from them? If so... HELL YES FUCK YEAH!

[lucullus]

bitbook.biz 

[ebliever]

Don't forget Allcrypt and Cryptorush. I'd take Cavirtex off the list though, as they seem to be calling out
"I'm not dead yet" from the handcart...

Like someone else said, plenty of banks and innumerable fiat businesses fail every year too. Keep it in perspective. Just think how things would be if the dollar lost 75% of its value in one year. I think the bitcoin companies have been fairly resilient.

[coinits]

AFAIK, CAvirtex is back after Coinsetter acquiring...

It is back.

[TKeenan]

The latest...  Do you see any others that belong here?


1) Mt. Gox
2) Bitinstant
3) Silk Road
4) Bex.io
5) Buttercoin
6) Brawker
7) GLBSE
8) inputs.io
9) GaW miners
10) SilkRoad#2
11) Butterfly Labs
12) CoinTerra
13) Mining ASICS Technologies (MAT)
14) Mintpal
15) ASICminer
16) Bitcoin24
17) HashFast
18) BTCT.co
19) Bittrivia
20) BitNetwork TV
21) Bitcoinica
22) Tradehill
23) Instawallet
24) AllCrypt
25) CryptoRush
26) bitlc.net
27) Intersango
28) bitbook.biz
29) PBmining
30) hashprofit
31) CryptoXchange
32) MyCoin (HK exchange)
33) Bitomat (Polish BTC exchange)
34) Bitp.it (mining pool)
35) Brasil Bitcoin Market (exchange)
36) BTC Buy
37) Btctip
38) Bit-Bank
39) Bitmit
40) Sheep Marketplace
41) hashie.co
42) Moolah
43) Seals with Clubs
44) mcxnow
45) x-bt
46) Justcoin
47) Living Room of Satoshi
48) Satoshi dice
49) Brawker

[Last of the V8s]

scams
Sheep Marketplace http://qntra.net/2015/03/sheep-marketplace-arrest/
hashie.co http://qntra.net/2014/12/while-some-ponzi-schemes-implode-other-fraudsters-double-down/
moopay and moolah http://qntra.net/2014/10/moopay-goes-from-robusto-to-busto/
amc/vmc http://qntra.net/2015/03/missouri-secretary-of-state-orders-slaughter-to-pay-civil-penalties/
closings
Polish "Bitcoin Embassy" http://qntra.net/2015/03/polish-bitcoin-embassy-closed
Seals with clubs http://qntra.net/2015/02/seals-with-clubs-shutters/
mcxnow http://qntra.net/2014/11/mcxnow-says-it-is-becoming-mtmox/
War of Life http://qntra.net/2014/11/war-of-life-closing/
x-bt http://qntra.net/2014/10/x-bt-exchange-shutting-down/
justcoin http://qntra.net/2014/10/justcoin-exchange-closing/
Living Room of Satoshi http://qntra.net/2014/10/living-room-of-satoshi-packs-it-in/

satoshi dice
davis' thing http://trilema.com/2015/gerald-davis-is-wrong-heres-why/

[El Emperador]

and silk road #2 and evolution
(though very few would call them important companies.)

Silk Road never dies... even if it's the 99th evolution 

[koelen3]

Why is Brawker in there?
I remember using it last month for buying some digital goods and it worked okay though there was some problem with their btc cofnirmation showing up.

[tokeweed]

Seals woth Clubs and Justcoin weren't scams.

[Last of the V8s]

Seals woth Clubs and Justcoin weren't scams.

added a bit of bold for clarity

[Last of the V8s]

minersource https://bitcointalk.org/index.php?topic=976172.msg11329844#msg11329844
the dzmc

[BTC_Superman]

This is the list of scammers, not the list of casualty. 

[Shindo1988]

This is the list of scammers, not the list of casualty. 

It's more like a mix.
But now that you mention it, shouldn't there be the casualties of each scam/incident?
I mean how much Bitcoins were lost in each case.

[TKeenan]

This is the list of scammers, not the list of casualty.  

It's more like a mix.
But now that you mention it, shouldn't there be the casualties of each scam/incident?
I mean how much Bitcoins were lost in each case.

Yeah, they have that list on another thread.  Who cares about the distinction.  Many of those scams didn't start out to be scams - they just ended up that way because of mismanagement.  e.g. Gox.  Probably GAW.  If they started out as a pure scam - then they are not a 'company'.  Otherwise, they go on the list.  Do you see anyone else who belongs?


1) Mt. Gox
2) Bitinstant
3) Silk Road
4) Bex.io
5) Buttercoin
6) Brawker
7) GLBSE
inputs.io
9) GaW miners
10) SilkRoad#2
11) Butterfly Labs
12) CoinTerra
13) Mining ASICS Technologies (MAT)
14) Mintpal
15) ASICminer
16) Bitcoin24
17) HashFast
18) BTCT.co
19) Bittrivia
20) BitNetwork TV
21) Bitcoinica
22) Tradehill
23) Instawallet
24) AllCrypt
25) CryptoRush
26) bitlc.net
27) Intersango
28) bitbook.biz
29) PBmining
30) hashprofit
31) CryptoXchange
32) MyCoin (HK exchange)
33) Bitomat (Polish BTC exchange)
34) Bitp.it (mining pool)
35) Brasil Bitcoin Market (exchange)
36) BTC Buy
37) Btctip
38) Bit-Bank
39) Bitmit
40) Sheep Marketplace
41) hashie.co
42) Moolah
43) Seals with Clubs
44) mcxnow
45) x-bt
46) Justcoin
47) Living Room of Satoshi
48) Satoshi dice
49) Brawker

[Kprawn]

Losing businesses in a certian field, is nothing new... certainly not unique to Bitcoin.

You have several reasons why businesses fail :

1. Superior or better technologies in other businesses force them to close their doors
2. Poor management
3. Too much competition, no expansion or growth.
4. Financial problems
5. Change in laws or regulations in the coutry where they are situated
6. Forced to close due to criminal operations.
7. Death or divorce in the family, when it's a small family operated business.

Dig deeper into these companies you listed and see why they failed, not just that they failed. If you determine the reason, you might see that it's a normal thing.

In most countries, 6 out of 10 businesses fail within the first 5 years... and the companies you listed, is within a "startup" scene of a relatively NEW field. {Crypto currencies} 

[manfred]

This is the list of scammers, not the list of casualty.  

It's more like a mix.
But now that you mention it, shouldn't there be the casualties of each scam/incident?
I mean how much Bitcoins were lost in each case.

Yeah, they have that list on another thread.  Who cares about the distinction.  Many of those scams didn't start out to be scams - they just ended up that way because of mismanagement.  e.g. Gox.  Probably GAW.  If they started out as a pure scam - then they are not a 'company'.  Otherwise, they go on the list.  Do you see anyone else who belongs?


1) Mt. Gox
2) Bitinstant
3) Silk Road
4) Bex.io
5) Buttercoin
6) Brawker
7) GLBSE
inputs.io
9) GaW miners
10) SilkRoad#2
11) Butterfly Labs
12) CoinTerra
13) Mining ASICS Technologies (MAT)
14) Mintpal
15) ASICminer
16) Bitcoin24
17) HashFast
18) BTCT.co
19) Bittrivia
20) BitNetwork TV
21) Bitcoinica
22) Tradehill
23) Instawallet
24) AllCrypt
25) CryptoRush
26) bitlc.net
27) Intersango
28) bitbook.biz
29) PBmining
30) hashprofit
31) CryptoXchange
32) MyCoin (HK exchange)
33) Bitomat (Polish BTC exchange)
34) Bitp.it (mining pool)
35) Brasil Bitcoin Market (exchange)
36) BTC Buy
37) Btctip
38) Bit-Bank
39) Bitmit
40) Sheep Marketplace
41) hashie.co
42) Moolah
43) Seals with Clubs
44) mcxnow
45) x-bt
46) Justcoin
47) Living Room of Satoshi
48) Satoshi dice
49) Brawker
50) Bitmarket.eu

How is Bitmarket.eu not mentioned?
Does two con artists gambled away 18787.72139217 BTC user bitcoins.

[QuestionAuthority]

I don't see MyBitcoin, Bitscalper, BS&T or FeedZeBirds. Money was never recovered from any of them.

[NeuroticFish]

Maybe it was too small for your liking, but I still miss www.btcxchange.ro ...