MPOE-PR's list of things you always suspected were scams but never dared say so.

[MPOE-PR]

That is not the point. You would be horrified to read the terms printed on the back of airline tickets. Or on most commercial software. Or most construction contracts. The point, in my eyes, is not whether the corrupt mechanisms of the U.S. justice system would side with Coinbase or with me in court. The point is that, having been screwed by Coinbase ("legally" or not--I suspect incompetence, not malice), I simply walk away and resolve to no longer deal with them. If Vessenes links Coinbase to Coinlab via ycombinator, then Coinlab is suspect as well.

This is very much on point. That some [expletive deleted] would very much like to import the brokenness of the fiat system into Bitcoin is no surprise: it's the easy thing to do and the [expletive deleted] are first and foremost intellectually lazy.

That it's easier, that it's what the [expletive deleted] do or want, that it's "how things work" in the failed fiat world are not arguments. Bitcoin is that which fiat has tried and failed to be for two thousand years by now, NOT the other way around. Time for the [expletive deleted] to get with the program.

[Monster Tent]

I suspect they will "go to wall street" by running a fractional reserve system of paper notes backed by nothing but air. In a few years people will find their bitcoins are filled with tungsten.

Do not want.

[🏰 TradeFortress 🏰]

I suspect they will "go to wall street" by running a fractional reserve system of paper notes backed by nothing but air. In a few years people will find their bitcoins are filled with tungsten.

Do not want.

That's true for everything. One suspicious thing is Coinbase are heavily trying to get people paying with BTC on site using their balance, but that can be as much vendor locking as FRB.

[MPOE-PR]

I suspect they will "go to wall street" by running a fractional reserve system of paper notes backed by nothing but air. In a few years people will find their bitcoins are filled with tungsten.

Do not want.

That's true for everything. One suspicious thing is Coinbase are heavily trying to get people paying with BTC on site using their balance, but that can be as much vendor locking as FRB.

Doesn't seem like they're doing anything at all really.

[Darktongue]

BTCjam I believe will be the hot Apple pie to the world of BTCscam drama. I have this cutting feeling in my stomach that ID's will eventuality be sold "stolen" or used in other scams not related to crypto.

The fact of the matter is supplying that info to BTCjam is pointless. they can't and wouldn't do anything legit with it. I've given up pretty much anything I can destory to them. but no ID, proof of resident or credit check.

Anyway more could be said but I'm sure you get the picture

[MPOE-PR]

It just came out that Coinbase was leaking user details via allowing private sessions to be indexed in google: https://encrypted.google.com/search?q=site:https://coinbase.com/checkouts/

That they sat on their hands for days after a very similar attack was documented against a different service puts them solidly in the same class with the dummies of Bitfinex, who had to find out from me RoR was broken wide open, half a day after it happened.

Children running a nonbusiness.

[MPOE-PR]

Updated, added OC Ripple.

[MPOE-PR]

why I don't want to put money for the loses bitfinex have

Code:

From - Mon May 06 12:55:08 2013
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Message-ID: <51878BF8.2090301@gmail.com>
Date: Mon, 06 May 2013 12:54:48 +0200
From: myself <myselfbtc@gmail.com>
User-Agent: Mozilla/5.0 (Windows NT 6.1; WOW64; rv:17.0) Gecko/20130328 Thunderbird/17.0.5
MIME-Version: 1.0
To: Raphael Nicolle <raphbot@gmail.com>
Subject: Preliminary observations on Bitfinex.com losses
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Preliminary observations on Bitfinex.com losses.

Because of  our former agreement I'm protected by any loses generated in
bitfinex.com, I request that our former agreement has to be respected.
All this problem concerning the losses I think that is a strategy to get
rid of me "simply", without me you wouldn't have had the the same amount
of clients "we both have access to google analytics and we can see the
traffic generated through chatzy, where I talk to lots of traders and
they've been attracted to use our platform, besides that all the
information and promotion I did and do on the forums" and the platform
it wouldn't be the same and probably it couldn't be existing any longer,
because it was a bucket shop.

Regarding the losses there are a few key points that you should
understand, even though I'm not forced to be participant on the losses.
1. The losses are not settled every month the losses are settled at the
end of the fiscal year.
2. To know the exact amount of losses is required an external and
neutral audit for all the bitfinex accounts.
3. Besides that is required an audit for the entire bitfinex platform,
the platform tempered/adjusted twice, first with mister Tang and was
credited from him 150.000 USD, that he didn't deposit in his account,
the second time when mister Devasini was credited one million dollars,
money that he didn't have deposited in his account. Because of this I
cannot be sure if the current losses are real or not.
4. You are the only operator of the bitfinex platform and you let the
platform to lose money on purpose, you have been notified concerning
problems with the MTGOX platform, these losses are not generated by
mistake or by incompetence, you knowing it and let this happen and you
didn't want to stop it.

Because of all these points and the reasons exposed above my trust level
is extremely low and any decision regarding my financial interest in
Bitfinex. will be made after consulting other people.


--=20
Bye



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Group of scammers involved with Bitfinex (Giancarlo Devasini, J.L. van der Velde, Raphael Nicolle) oust a fourth scammer involved with Bitfinex, hilarity ensues.

[MPOE-PR]

Updated.

[DiamondCardz]

+1 on the Bitcoin Foundation being a scam, all they do is spew lies and bullshit (like when they said they were stomping out scams and such, what utter crap). As long as that exists this isn't decentralized, there has to be a better way to develop the Bitcoin-QT software.

[MPOE-PR]

+1 on the Bitcoin Foundation being a scam, all they do is spew lies and bullshit (like when they said they were stomping out scams and such, what utter crap). As long as that exists this isn't decentralized, there has to be a better way to develop the Bitcoin-QT software.

Exactly, if anything they help prop the bigger scams.

[🏰 TradeFortress 🏰]

+1 on the Bitcoin Foundation being a scam, all they do is spew lies and bullshit (like when they said they were stomping out scams and such, what utter crap). As long as that exists this isn't decentralized, there has to be a better way to develop the Bitcoin-QT software.

It's called using alternate clients. Most IRC networks no longer use ircd, they use forks of it.

[MPOE-PR]

It's called using alternate clients. Most IRC networks no longer use ircd, they use forks of it.

Actually I have a list handy.

anthony.freenode.net   hyperion-1.0.2b(381)
barjavel.freenode.net   ircd-seven-1.0.3(20100223-bba06193a380
bartol.freenode.net   ?
brown.freenode.net   hyperion-1.0.2b(379)
calvino.freenode.net   hyperion-1.0.2b(379)
card.freenode.net   ircd-seven-1.0.3(20100223-bba06193a380
gibson.freenode.net   dancer-ircd-1.0.32(2003/09/01_02:12:22)
holmes.freenode.net   ?
hubbard.freenode.net   ?
jordan.freenode.net   dancer-ircd-1.0.32(2003/09/01_02:13:29)
kornbluth.freenode.net   ircd-seven-1.0.0(20100130-1b2256f759cb
leguin.freenode.net   1,391   hyperion-1.0.2(230)
lindbohm.freenode.net   hyperion-1.0.2b(382)
niven.freenode.net   hyperion-1.0.2b(379)
pratchett.freenode.net   hyperion-1.0.2b(382)
roddenberry.freenode.net   ?
sendak.freenode.net   dancer-ircd-1.0.35(2004/08/13_18:00:25)
stross.freenode.net   ?
verne.freenode.net   ?
zelazny.freenode.net   hyperion-1.0.2b(382).

As you can see...mostly hyperion.

[gweedo]

+1 on the Bitcoin Foundation being a scam, all they do is spew lies and bullshit (like when they said they were stomping out scams and such, what utter crap). As long as that exists this isn't decentralized, there has to be a better way to develop the Bitcoin-QT software.

It's called using alternate clients. Most IRC networks no longer use ircd, they use forks of it.

Really not a good comparison, cause the reasons it got forked, or rewritten was cause, IRCD was stopped being developed.

[DiamondCardz]

+1 on the Bitcoin Foundation being a scam, all they do is spew lies and bullshit (like when they said they were stomping out scams and such, what utter crap). As long as that exists this isn't decentralized, there has to be a better way to develop the Bitcoin-QT software.

It's called using alternate clients. Most IRC networks no longer use ircd, they use forks of it.

Most normal people who aren't too tech-savvy will go to bitcoin.org and download Bitcoin-QT, though. (unless they get pissed at the blockchain download and go search for alt clients)

[Darktongue]

+1 on the Bitcoin Foundation being a scam, all they do is spew lies and bullshit (like when they said they were stomping out scams and such, what utter crap). As long as that exists this isn't decentralized, there has to be a better way to develop the Bitcoin-QT software.

It's called using alternate clients. Most IRC networks no longer use ircd, they use forks of it.

Most normal people who aren't too tech-savvy will go to bitcoin.org and download Bitcoin-QT, though. (unless they get pissed at the blockchain download and go search for alt clients)

^THIS! !!!!

I've converted a few handfulls of people to the world of bitcoin and crypto.  I usually weigh in how tech savvy they are and further if they are of the mindframe to wait out the blockchain download.

[darlidada]

Either MPOE-PR is well ahead of her time; either we are all living in the past.

Care to update the list?

[fran2k]

MtGox Notorious fractional reserve "exchange". Famous for having nearly destroyed Bitcoin in 2009 and for having tried (unsuccessfully) to brand it as a Ponzi in 2013. The principal (Mark Karpeles) is currently on the hook with the DoJ for having lied in filings, which means any BTC you send to MtGox is practically speaking a donation to his defense fund.

You said it.

[notbatman]

...

2.  The "I want a profit" group.  The second largest portion of businesses (many are actually a mix of this and part 1) - especially prevalent in the mining sector.  These ones want to make some profit for themselves - and aren't that worried about things like being transparent, honest or fair to investors.  Their contracts are vague on details, strong on THEIR rights and weak on investors rights.  They ensure that even if their business is an abject failure they personally make money irrespective of how badly their investors do.  Their fun comes from personally making some money even if at the expense of investors rather than from turning a profit.  Many of these are borderline scammers - as they misrepresent their investments to get sales and don't properly disclose risks.  Reporting will tend to be of a higher quality than type 1 - their (personal) profit  and ability to attarct investors come from them looking fairly professional whilst actually losing investors' funds.  These are also of very little use to the community.

...

Black Arrow.

"I want a profit" isn't a bad thing. "I want to guarantee a profit by scamming the customers/investors" is. BA falls into this second category.

Stating that they're "of very little use to the community" is a serious understatement.