Bitware
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April 20, 2015, 01:50:17 PM |
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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
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flyingplows
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April 21, 2015, 09:35:04 PM |
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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
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GenTarkin
Legendary
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Activity: 2450
Merit: 1002
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April 21, 2015, 10:18:07 PM |
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Is ASICMiner officially dead?! ... no more new chips from them? If so... HELL YES FUCK YEAH!
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lucullus
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April 21, 2015, 11:40:03 PM |
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bitbook.biz
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ebliever
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Activity: 1708
Merit: 1036
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April 22, 2015, 01:36:29 AM |
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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.
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Luke 12:15-21
Ephesians 2:8-9
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coinits
Legendary
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Activity: 1582
Merit: 1019
011110000110110101110010
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April 22, 2015, 01:37:20 AM |
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AFAIK, CAvirtex is back after Coinsetter acquiring... It is back.
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Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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TKeenan (OP)
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May 10, 2015, 05:22:46 AM Last edit: May 10, 2015, 10:11:34 AM by TKeenan |
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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
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Last of the V8s
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Be a bank
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May 10, 2015, 08:08:41 AM Last edit: May 10, 2015, 09:36:30 AM by Last of the V8s |
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El Emperador
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May 10, 2015, 08:13:16 AM |
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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
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koelen3
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Sooner or later, a man who wears two faces forgets
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May 10, 2015, 08:29:43 AM |
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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.
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tokeweed
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Life, Love and Laughter...
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May 10, 2015, 09:32:37 AM |
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Seals woth Clubs and Justcoin weren't scams.
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R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
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Last of the V8s
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Be a bank
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May 10, 2015, 09:37:02 AM |
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Seals woth Clubs and Justcoin weren't scams.
added a bit of bold for clarity
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Last of the V8s
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Be a bank
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May 10, 2015, 09:56:13 AM |
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BTC_Superman
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May 10, 2015, 10:01:22 AM |
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This is the list of scammers, not the list of casualty.
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Shindo1988
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Merit: 100
Bitcoin Samurai
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May 10, 2015, 10:49:47 AM |
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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.
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TKeenan (OP)
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May 11, 2015, 04:54:53 AM |
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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
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Kprawn
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Activity: 1904
Merit: 1074
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May 11, 2015, 05:30:48 AM |
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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}
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manfred
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Activity: 966
Merit: 1001
Energy is Wealth
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May 11, 2015, 03:24:06 PM |
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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.
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QuestionAuthority
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You lead and I'll watch you walk away.
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May 11, 2015, 03:43:51 PM |
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I don't see MyBitcoin, Bitscalper, BS&T or FeedZeBirds. Money was never recovered from any of them.
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NeuroticFish
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Looking for campaign manager? Contact icopress!
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May 11, 2015, 03:47:13 PM |
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Maybe it was too small for your liking, but I still miss www.btcxchange.ro ...
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