Bitcoin7.com - Brand new exchange market!

[lessPlastic]

The more exchanges the better. This is one field where natural selection will yield something that everyone can use.

[Jered Kenna (TradeHill)]

You guys realize that all the text on that site / options is an exact rip from www.tradehill.com


That doesn't instill a lot of confidence....

"I can't afford to write my own text but I'm happy to hold all  your money."

[Cryptoman]

I don't see any way to deposit/withdraw BTC.  I didn't actually sign up though.

[yeponlyone]

You guys realize that all the text on that site / options is an exact rip from www.tradehill.com


That doesn't instill a lot of confidence....

"I can't afford to write my own text but I'm happy to hold all  your money."

wow! that should certainly been known by anybody putting money in there. that coupled with the accusation that he offered jgarzik coins to promote him is making things smell bad to me..

[TrainDeluxe]

Alot of cyber crime in Europe comes from Bulgaria and Rumania. Its a known fact. I would be very causious with this new exchange!

[Jered Kenna (TradeHill)]

You guys realize that all the text on that site / options is an exact rip from www.tradehill.com


That doesn't instill a lot of confidence....

"I can't afford to write my own text but I'm happy to hold all  your money."

wow! that should certainly been known by anybody putting money in there. that coupled with the accusation that he offered jgarzik coins to promote him is making things smell bad to me..

Well tweet it, post it everything else it's a polished site but a complete rip.
If you look at it under the faq you'll see it even says "incorporated in Chile" which is where we (TradeHill) are incorporated.
Seriously please spread the word. Things like this are horrible for Bitcoin.
Even if he's not just there to steal your btc do you really want to use a site that stole their entire text?

I do take it as a compliment though 

Seriously, please spread this and compare the two for your self if you doubt it.

[jgarzik]

Here is the first paragraph of the first email sent to me by bitcoin7:

Hello,

Would you be interested to put a topic on Bitcoin.org forum recommending www.bitcoin7.com as a better trading platform than Mtgox?
We will be happy to offer you a small bonus in BTC or USD if you do that for us plus if you are active on other communities or forums, we can go for them too.

(emphasis added... mine)

[FreeMoney]

Super sketchy about copying TH. I'm not touching them with the 10ft pole I usually poke new sites with.

[Jered Kenna (TradeHill)]

Super sketchy about copying TH. I'm not touching them with the 10ft pole I usually poke new sites with.

Exactly, I keep seeing it getting tweeted and I'm worried a bunch of people will jump in, get burned and give BTC a bad name.
He basically took everything TradeHill and added a larger referral fee and said you get paid to do trades.
I don't know how this doesn't set off red flags.

This is just the first of many to come is my guess.

-Jered

[Jere.Jones]

Here's my experience with Bitcoin7:

I transferred $1750 from MtGox to Bitcoin7.  It took 4 hours to clear.

I bought just under 100btc.  $5.238 was added to my account as a "promo bonus".

I transfered those btc to my wallet.

They showed up immediately as 0/unconfirmed.  They are now sitting at 6 confirmations.

Maybe they cut corners on the text, but they don't seem to be outright thieves.

Jere

[Maxxx]

Here's my experience with Bitcoin7:

I transferred $1750 from MtGox to Bitcoin7.  It took 4 hours to clear.

I bought just under 100btc.  $5.238 was added to my account as a "promo bonus".

I transfered those btc to my wallet.

They showed up immediately as 0/unconfirmed.  They are now sitting at 6 confirmations.

Maybe they cut corners on the text, but they don't seem to be outright thieves.

Jere

It would also probably be more profitable to build and promote a legit exchange out of US government control. However, it would also make sense to go in for the long haul until there's lots of BTC sitting in wallets at Bitcoin7 before shutting down and taking all that sweet, sweet BTC with them.

[jgarzik]

Well, it's not a very good scam if it's immediately detected.  A smart scammer builds up a bunch of USD and bitcoin deposits, and then disappears.

[FreeMoney]

Here's my experience with Bitcoin7:

I transferred $1750 from MtGox to Bitcoin7.  It took 4 hours to clear.

I bought just under 100btc.  $5.238 was added to my account as a "promo bonus".

I transfered those btc to my wallet.

They showed up immediately as 0/unconfirmed.  They are now sitting at 6 confirmations.

Maybe they cut corners on the text, but they don't seem to be outright thieves.

Jere

And now they have you vouching for them and more will deposit. I'm not saying I know it's a scam, but it seems like a decent chance given the offer to pay Jgarzik and the copied text.

[Jered Kenna (TradeHill)]

Maybe they cut corners on the text, but they don't seem to be outright thieves.

Jere

Cut corners on the text = copied all the text on the entire site and did find and replace with TradeHill for Bitcoin7.

Maybe not outright thieves in regards to cash yet but they've obviously proven they don't mind taking from other people.
Also I wouldn't trust an exchange that couldn't even proof read the text they copied.

[Grant]

Cut corners on the text = copied all the text on the entire site and did find and replace with TradeHill for Bitcoin7.

Maybe not outright thieves in regards to cash yet but they've obviously proven they don't mind taking from other people.
Also I wouldn't trust an exchange that couldn't even proof read the text they copied.

Agreed!

I did not pay attention till now, plain and simple it's theft there is no 2 ways around it.

[Jere.Jones]

And now they have you vouching for them and more will deposit. I'm not saying I know it's a scam, but it seems like a decent chance given the offer to pay Jgarzik and the copied text.

I'm not vouching. I'm just sharing my experience.

Considering the massive offense that we (as a community) take when someone calls Bitcoin a scam, we sure are quick to accuse others of being scams.

Jere

[cschmitz]

just now in irc: <jgarzik> SCAM WARNING -- bitcoin7

[jgarzik]

It is highly suspicious when the site operators do not appear on the forums or IRC or otherwise introduce themselves and build trust.

Rather, they simply hand out free money.  They first contacted prominent members of the community in an attempt to proxy trust.

An exchange is a huge responsibility, basically a bank, and there is literally zero rep.

[Ricochet]

I transferred $1750 from MtGox to Bitcoin7.  It took 4 hours to clear.

Legitimate question here: how did you do that?  I see thatBitcoin7 lists it as a funding option, but the MtGox page seems to imply that you can only send USD to another MtGox user.

[Jere.Jones]

I transferred $1750 from MtGox to Bitcoin7.  It took 4 hours to clear.

Legitimate question here: how did you do that?  I see thatBitcoin7 lists it as a funding option, but the MtGox page seems to imply that you can only send USD to another MtGox user.

I suspect that they have a MtGox account.

Jere