Bitcoin Forum
December 11, 2017, 02:27:14 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: Liberty Reserve shut down  (Read 3913 times)
escrow.ms
Legendary
*
Offline Offline

Activity: 1106

GPG Key-ID: B82BA7E1 | I don't use skype.


View Profile
May 26, 2013, 09:51:44 AM
 #21

a guy on talkgold was even going to do suicide due to loss.

http://www.talkgold.com/forum/r391540-.html

Please click here to know why I have negative feedback. https://21.co/escrow/
Tip address: 1nPfxnncZqWvVP4UHT6XLfNzfaik7akQS
1512959234
Hero Member
*
Offline Offline

Posts: 1512959234

View Profile Personal Message (Offline)

Ignore
1512959234
Reply with quote  #2

1512959234
Report to moderator
1512959234
Hero Member
*
Offline Offline

Posts: 1512959234

View Profile Personal Message (Offline)

Ignore
1512959234
Reply with quote  #2

1512959234
Report to moderator
1512959234
Hero Member
*
Offline Offline

Posts: 1512959234

View Profile Personal Message (Offline)

Ignore
1512959234
Reply with quote  #2

1512959234
Report to moderator
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Lohoris
Hero Member
*****
Offline Offline

Activity: 616


Bitgoblin


View Profile
May 26, 2013, 10:09:07 AM
 #22

Same thing happened to me but with $26 which I really needed but what can I do now. Costa rica government
should get the site back online for atleast two days so that every one can get his money back.
Huh

the whole point of closing such a site, *IS* preventing people from getting the money back.

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
MinerLT
Full Member
***
Offline Offline

Activity: 194



View Profile
May 26, 2013, 10:34:33 AM
 #23

video report, (Spanish)

http://www.teletica.com/Noticias/11646-Detienen-a-tico-en-Espana-vinculado-con-millonario-fraude-electronico.note.aspx

Success doesn't come to you…you go to it

gabbynot
Sr. Member
****
Offline Offline

Activity: 340


View Profile
May 26, 2013, 10:38:41 AM
 #24

a guy on talkgold was even going to do suicide due to loss.

http://www.talkgold.com/forum/r391540-.html

I'm surprised the talkgold forum hasn't embraced Bitcoin more.
escrow.ms
Legendary
*
Offline Offline

Activity: 1106

GPG Key-ID: B82BA7E1 | I don't use skype.


View Profile
May 26, 2013, 11:33:27 AM
 #25

a guy on talkgold was even going to do suicide due to loss.

http://www.talkgold.com/forum/r391540-.html

I'm surprised the talkgold forum hasn't embraced Bitcoin more.

Actually it's a forex/HYIP investment based forum,so libertyreserve and other stable currencies are much popular between them.

Please click here to know why I have negative feedback. https://21.co/escrow/
Tip address: 1nPfxnncZqWvVP4UHT6XLfNzfaik7akQS
Jason
Member
**
Offline Offline

Activity: 114


View Profile
May 26, 2013, 02:15:18 PM
 #26

It's a great shame that the United States government shut down Liberty Reserve, but it should come as no surprise given what they did to e-gold and the fact that Costa Rica has very close ties to the US government.  After I lost a lot of gold held by US-based e-gold when they were seized by US authorities six years ago, I spent some time looking for alternatives which were based in jurisdictions without close ties to the United States, with no history of caving in to demands by the US or other G7 countries, and with a decent rule of law.  C-gold based in Malaysia quickly rose to the top of my list.  I traveled to Malaysia and met the operator of C-gold before starting a relationship with them and he seemed competent and experienced at running businesses, so my decision was easy.  I have enjoyed a problem-free relationship with them since 2007.  Pecunix is another popular digital gold currency I evaluated, but they are based in Panama which like Costa Rica is subject to undue influence by the United States so I would be uncomfortable keeping significant holdings with them.

Disclaimer:  I am a satisfied customer of c-gold, and a former (also satisfied) customer of Pecunix.  I'm also currently selling a portion of my c-gold holdings to buy bitcoins in another thread, so make of that what you will.

BM-2D7sazxZugpTgqm3M2MCi5C1t8Du8BN11f
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1190


Will read PM's. Have more time lately


View Profile
May 26, 2013, 03:10:17 PM
 #27

It's a great shame that the United States government shut down Liberty Reserve, but it should come as no surprise given what they did to e-gold and the fact that Costa Rica has very close ties to the US government.  After I lost a lot of gold held by US-based e-gold when they were seized by US authorities six years ago, I spent some time looking for alternatives which were based in jurisdictions without close ties to the United States, with no history of caving in to demands by the US or other G7 countries, and with a decent rule of law.  C-gold based in Malaysia quickly rose to the top of my list.  I traveled to Malaysia and met the operator of C-gold before starting a relationship with them and he seemed competent and experienced at running businesses, so my decision was easy.  I have enjoyed a problem-free relationship with them since 2007.  Pecunix is another popular digital gold currency I evaluated, but they are based in Panama which like Costa Rica is subject to undue influence by the United States so I would be uncomfortable keeping significant holdings with them.

Disclaimer:  I am a satisfied customer of c-gold, and a former (also satisfied) customer of Pecunix.  I'm also currently selling a portion of my c-gold holdings to buy bitcoins in another thread, so make of that what you will.


Okay, this is news to me that c-gold is based in Malaysia.   Undecided I'm afraid that Malaysia isn't that free as you would think - the government has seized a couple of such companies in the past.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

Branzig
Sr. Member
****
Offline Offline

Activity: 317


@WizardOfOre


View Profile WWW
May 27, 2013, 03:24:07 AM
 #28

a guy on talkgold was even going to do suicide due to loss.

http://www.talkgold.com/forum/r391540-.html

Escrow.ms I am not a member of 'Talk Gold'. Please tell that guy not to do it if you can? Man, this sucks. I don't care about money that much. Thanks you for sharing.

Keep up the great work everyone.

Branzig  Angry

DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
May 27, 2013, 03:41:09 AM
 #29

I found this poll very telling.

http://www.talkgold.com/forum/r391492-.html

Liberty Reserve is just the latest in a string of centralized operations which has gone down due to the fragile nature of a central authority.  When asking which system will replace LR.  Of the six options only Bitcoin is decentralized and it only has 22% of the vote.

I guess when the next central authority, and the next one after that and the next one after that fails then "maybe" the masses will realize that any central authority no matter how well run is fundamentally flawed.
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
May 27, 2013, 04:25:58 AM
 #30

I found this poll very telling.

http://www.talkgold.com/forum/r391492-.html

Liberty Reserve is just the latest in a string of centralized operations which has gone down due to the fragile nature of a central authority.  When asking which system will replace LR.  Of the six options only Bitcoin is decentralized and it only has 22% of the vote.

I guess when the next central authority, and the next one after that and the next one after that fails then "maybe" the masses will realize that any central authority no matter how well run is fundamentally flawed.

From the comments there:
Quote
What's needed is a instant transfer, non-reversible, simple enough processor interface similar to LR, but running on an open source software/peer network basis like Bitcoin. Is anything like a peer to peer-based stable processor around? Or an open source script/plugin for Bitcoin that could emulate the simplicity of LR transactions between direct parties, using the already existing Bitcoin system?
Sounds like he is looking for Ripple?

Quote
Bit Coin will get the place. The network is decentralized and it is not possible to seized.

The big problem : it is not user friendly as LR, and because of that most people will confuse. Besides, the price are very high.
I don't think he understands the difference between price (the price on one unit does not matter) and fees, which are quite low for Bitcoin.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
escrow.ms
Legendary
*
Offline Offline

Activity: 1106

GPG Key-ID: B82BA7E1 | I don't use skype.


View Profile
May 27, 2013, 05:58:50 AM
 #31

a guy on talkgold was even going to do suicide due to loss.

http://www.talkgold.com/forum/r391540-.html

Escrow.ms I am not a member of 'Talk Gold'. Please tell that guy not to do it if you can? Man, this sucks. I don't care about money that much. Thanks you for sharing.

Keep up the great work everyone.

Branzig  Angry

Well that topic got deleted and you don't need to be member to see threads.

People told him not to do that and he was really depressed. He asked some help but no one given,  you can read rest here.
http://www.talkgold.com/forum/showpost.php?p=5237803&postcount=261

I wish i can help that guy but i also lost alot money in LR.

Please click here to know why I have negative feedback. https://21.co/escrow/
Tip address: 1nPfxnncZqWvVP4UHT6XLfNzfaik7akQS
Jason
Member
**
Offline Offline

Activity: 114


View Profile
May 27, 2013, 06:01:24 AM
 #32

Okay, this is news to me that c-gold is based in Malaysia.   Undecided I'm afraid that Malaysia isn't that free as you would think - the government has seized a couple of such companies in the past.

Please don't take this the wrong way, but have you been to Malaysia?  I have spent quite a bit of time in Malaysia and while it may not be a first world country, the only country in that region with a stronger rule of law is Singapore.  I'm not aware of any businesses that were operated in accordance with Malaysian law being seized.  Note that a number of American firms have operated factories over there for decades (e.g. Western Digital and Seagate) which wouldn't make sense if it offered a hostile business climate.

Certainly there is more petty corruption in Malaysia than in most Western countries, but again with the exception of Singapore, it is better than all of its neighbors. And while there are some laws on the books (like the Internal Security Act) which make the government seem like it may be a bit draconian, they are really no worse that the Patriot Act in the United States.  I can't think of too many things you can do in the United States which are prohibited in Malaysia (possibly private gun ownership), and there are definitely some things you can do there which are prohibited in the United States (e.g. you can buy steroids over the counter).  Their labor laws are a bit screwy as well, but I think the same is true over here as well, depending on which state you're in and whether or not the labor is unionized.

The risk factors for c-gold are significantly different from those of bitcoin, which makes them complementary in my mind.  If you want to run a DGC in a country that will offer you some protection from the US/G7, I can't think of many countries that offer a better haven.  Certainly not Costa Rica, and Panama is also in the pocket of the United States.  It might even be a decent place to open up a bitcoin exchange.

BM-2D7sazxZugpTgqm3M2MCi5C1t8Du8BN11f
repentance
Hero Member
*****
Offline Offline

Activity: 840


View Profile
May 27, 2013, 08:38:51 AM
 #33

I'm honestly surprised LR lasted as long as it did.

People need to remain mindful of the potential for their favourite alternative currencies getting shut down and limit their exposure accordingly.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
escrow.ms
Legendary
*
Offline Offline

Activity: 1106

GPG Key-ID: B82BA7E1 | I don't use skype.


View Profile
May 27, 2013, 09:13:04 AM
 #34

Well US govt can do anything, if they want they can bring bitcoin on it knees by doing same with Blockchain.


Please click here to know why I have negative feedback. https://21.co/escrow/
Tip address: 1nPfxnncZqWvVP4UHT6XLfNzfaik7akQS
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1190


Will read PM's. Have more time lately


View Profile
May 27, 2013, 09:16:34 AM
 #35

Okay, this is news to me that c-gold is based in Malaysia.   Undecided I'm afraid that Malaysia isn't that free as you would think - the government has seized a couple of such companies in the past.

Please don't take this the wrong way, but have you been to Malaysia?  I have spent quite a bit of time in Malaysia and while it may not be a first world country, the only country in that region with a stronger rule of law is Singapore.  I'm not aware of any businesses that were operated in accordance with Malaysian law being seized.  Note that a number of American firms have operated factories over there for decades (e.g. Western Digital and Seagate) which wouldn't make sense if it offered a hostile business climate.

Certainly there is more petty corruption in Malaysia than in most Western countries, but again with the exception of Singapore, it is better than all of its neighbors. And while there are some laws on the books (like the Internal Security Act) which make the government seem like it may be a bit draconian, they are really no worse that the Patriot Act in the United States.  I can't think of too many things you can do in the United States which are prohibited in Malaysia (possibly private gun ownership), and there are definitely some things you can do there which are prohibited in the United States (e.g. you can buy steroids over the counter).  Their labor laws are a bit screwy as well, but I think the same is true over here as well, depending on which state you're in and whether or not the labor is unionized.

The risk factors for c-gold are significantly different from those of bitcoin, which makes them complementary in my mind.  If you want to run a DGC in a country that will offer you some protection from the US/G7, I can't think of many countries that offer a better haven.  Certainly not Costa Rica, and Panama is also in the pocket of the United States.  It might even be a decent place to open up a bitcoin exchange.


Hey, the C-gold HQ in Penang, Malaysia is actually only a few miles from my residence in Malaysia.  Wink I've lived most of my life here so I guess I know the laws here well. Yeah, I agree with most of what you state above (steroids OTC, gun prohibition where the penalty is dead by hanging, petty corruption etc), and I'm proud to state that life here is indeed better then most of its neighbours. Singapore's pretty advanced technically and economically, but the life and food there sucks.  Wink

However, there's been a lot of e-gold-esque companies being shut down regularly. Most of them had connections to HYIP schemes/Nigerian scams by facilitating transactions for them, and whilst their money remittance service might be legit by Malaysian laws, they're still affected. There's been a ton of raids on those purported 'investment schemes' and illegal gambling (yes, gambling is illegal here - only a few heavily licensed casinos operate in the entire country) all over the country, where remittance methods like LR were extensively used too.

All and all, I still prefer Malaysia although it's not that free as compared to the States despite the limitations.  *shivers with thoughts of cold Boston weather*

PS: The ISA is currently abolished some time ago.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

repentance
Hero Member
*****
Offline Offline

Activity: 840


View Profile
May 27, 2013, 09:40:59 AM
 #36

For what it's worth, there's more.

Quote
Libertyreserve.com is not the only virtual currency exchange that has been redirected to Shadowserver’s DNS servers. According to passive DNS data collected by the ISC, at least five digital currency exchanges –milenia-finance.com, asianagold.com, exchangezone.com, moneycentralmarket.com and swiftexchanger.com – also went offline this week, their DNS records changed to the same sinkhole entries at shadowserver.org.

https://krebsonsecurity.com/tag/goldage/

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
Branzig
Sr. Member
****
Offline Offline

Activity: 317


@WizardOfOre


View Profile WWW
May 27, 2013, 11:55:16 AM
 #37

a guy on talkgold was even going to do suicide due to loss.

http://www.talkgold.com/forum/r391540-.html

Escrow.ms I am not a member of 'Talk Gold'. Please tell that guy not to do it if you can? Man, this sucks. I don't care about money that much. Thanks you for sharing.

Keep up the great work everyone.

Branzig  Angry

Well that topic got deleted and you don't need to be member to see threads.

People told him not to do that and he was really depressed. He asked some help but no one given,  you can read rest here.
http://www.talkgold.com/forum/showpost.php?p=5237803&postcount=261

I wish i can help that guy but i also lost alot money in LR.

I am sorry buddy. You know material thngs can be replaced, and this was nothing, you are going to be swimming in gold on the next score, keep working at it, you can do it!!! WE CAN DO IT!!! Stay positive, tomorrow is another day. Life is a garden, dig it man!

Jason
Member
**
Offline Offline

Activity: 114


View Profile
May 27, 2013, 01:44:02 PM
 #38

OK, then you certainly know a lot more about Malaysia than I do.  It is common for people to judge places before visiting based on heresay (internet research) and as I'm sure you know, that often provides a distorted picture.  I have spent time both in Penang and in Kuala Lumpur, and found them both to be very hospitable.

Since you are already in Penang, you might contact Robert at C-gold and arrange to meet with him.  He's been in Malaysia for many years himself and I'm sure there's a synergy between DGC and Bitcoin you could discuss.  PM me if you want contact details.

Regarding c-gold, I would think that if the Malaysian government intended to shut them down, they would have done so already as c-gold has been operating there for many years already.

Oh, and I'm glad to hear the ISA was abolished.  Now if only the US authorities were to overturn the Patriot Act, I might actually feel more free here than I did when I visited Malaysia!

Hey, the C-gold HQ in Penang, Malaysia is actually only a few miles from my residence in Malaysia.  Wink I've lived most of my life here so I guess I know the laws here well. Yeah, I agree with most of what you state above (steroids OTC, gun prohibition where the penalty is dead by hanging, petty corruption etc), and I'm proud to state that life here is indeed better then most of its neighbours. Singapore's pretty advanced technically and economically, but the life and food there sucks.  Wink

However, there's been a lot of e-gold-esque companies being shut down regularly. Most of them had connections to HYIP schemes/Nigerian scams by facilitating transactions for them, and whilst their money remittance service might be legit by Malaysian laws, they're still affected. There's been a ton of raids on those purported 'investment schemes' and illegal gambling (yes, gambling is illegal here - only a few heavily licensed casinos operate in the entire country) all over the country, where remittance methods like LR were extensively used too.

All and all, I still prefer Malaysia although it's not that free as compared to the States despite the limitations.  *shivers with thoughts of cold Boston weather*

PS: The ISA is currently abolished some time ago.

BM-2D7sazxZugpTgqm3M2MCi5C1t8Du8BN11f
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1190


Will read PM's. Have more time lately


View Profile
May 27, 2013, 02:59:30 PM
 #39

OK, then you certainly know a lot more about Malaysia than I do.  It is common for people to judge places before visiting based on heresay (internet research) and as I'm sure you know, that often provides a distorted picture.  I have spent time both in Penang and in Kuala Lumpur, and found them both to be very hospitable.

Since you are already in Penang, you might contact Robert at C-gold and arrange to meet with him.  He's been in Malaysia for many years himself and I'm sure there's a synergy between DGC and Bitcoin you could discuss.  PM me if you want contact details.

Regarding c-gold, I would think that if the Malaysian government intended to shut them down, they would have done so already as c-gold has been operating there for many years already.

Oh, and I'm glad to hear the ISA was abolished.  Now if only the US authorities were to overturn the Patriot Act, I might actually feel more free here than I did when I visited Malaysia!

Hey, the C-gold HQ in Penang, Malaysia is actually only a few miles from my residence in Malaysia.  Wink I've lived most of my life here so I guess I know the laws here well. Yeah, I agree with most of what you state above (steroids OTC, gun prohibition where the penalty is dead by hanging, petty corruption etc), and I'm proud to state that life here is indeed better then most of its neighbours. Singapore's pretty advanced technically and economically, but the life and food there sucks.  Wink

However, there's been a lot of e-gold-esque companies being shut down regularly. Most of them had connections to HYIP schemes/Nigerian scams by facilitating transactions for them, and whilst their money remittance service might be legit by Malaysian laws, they're still affected. There's been a ton of raids on those purported 'investment schemes' and illegal gambling (yes, gambling is illegal here - only a few heavily licensed casinos operate in the entire country) all over the country, where remittance methods like LR were extensively used too.

All and all, I still prefer Malaysia although it's not that free as compared to the States despite the limitations.  *shivers with thoughts of cold Boston weather*

PS: The ISA is currently abolished some time ago.

Yeah, I might be popping around their office after coming back from Singapore. Their office is in a local shopping mall from what I see on their site so it shouldn't be so hard to locate them...I'll PM you for the contact if I don't manage to find them.  Wink

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

moni3z
Hero Member
*****
Offline Offline

Activity: 887



View Profile
May 27, 2013, 05:02:40 PM
 #40

This is why Satoshi can never reveal who he really is. As for LR I've never really trusted them, no auditing, run by shady potential russian mafia and of course centralized so all it takes is one arrest and the whole thing comes crashing down.

Bitcoin +1
Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!