|
AliceWonder
|
 |
July 15, 2013, 05:27:20 PM |
|
1) He *allegedly* runs an illegal bank like entity (allowing certificates of deposit) at his hidden domain "Coinlenders".
I'm not familiar with banking laws where he is located so it would be stupid for me to conjecture on that. I personally think investing in his lending thing is a bad idea but that doesn't make it illegal. I thought investing in Apple was a bad idea too *doh* I suspect he does know how to protect customers. As far as stealing password go, that's a pretty serious charge that needs some backup. with respect to not salting the passwords, not he mentioned migration. He's right, every user would have to generate a new password if he changed from no salt to using a salt. If someone gets the database dump, what's at that site that is damaging to users? Ripple is a scam. Oh please, Google is extremely dirty. I'll allow Oracle Java on my machine but I won't allow Google Chrome. I don't trust google. I think google's interest in ripple is to integrate it into their payment services so that you have to have a google ID to use ripple. 4) He offers a free "mixing service" to money launderers and to, allegedly, wash his own ill gotten gains.
Mixing services are very important for businesses. Without them, your competition can find out information about customers and suppliers that you don't want public. I can't comment on that. So there is an ulterior motive to this. |
|
|
|
|
|
|
|
|
|
|
|
|
The trust scores you see are subjective; they will change depending on who you have in your trust list. |
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
DiamondCardz
Legendary
 Offline
Activity: 1134
Merit: 1112
|
|
July 15, 2013, 05:31:28 PM |
|
He also gave one persons ID to DiamondCardz. I have been in contact with the person who has had their ID stolen.
Fake, not stolen. It was an attempt to trick you so that the funds you stole could be returned to it's rightful owner. And why should we trust you? You attempted to extort me (I sent email logs to a trusted member) and even posted my "dox". 'cept it wasn't my dox, you failure. Okay then.  I'm absolutely terrified, not. Go fuck yourselves. You've hit #5 dude, well done, your the first person under 18 to make our list, good for you! Your request will be processed within 72 hours. Let me guess, you were hoping we'd just list out everything we have on you? doesn't work like that, only for some people, we only show our cards when it's obvious what we have.  15VhZxXSqiepiGPuuTCEWhXatfBCXbZUws 13v1hQUg5qWst1VyhiEcx9NaVDHJaLCkK7 1MaP6An8sgT7hZ8ADZcTU7ZNoJxatRZLc3 1Diaz9Nhs8d8GEXcwTJQKDkwzKj34UH2r4 1GtyFncEkRqiNrJPpg8P2Ue5mV6LQSgSL8 15jwt6y5Bn3oYB2ya99kNwm1WM3bfisixh before you say it, we know they are old, you use inputs.io now instead of blockchain. |
BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
|
|
|
|
QuantPlus
|
|
July 15, 2013, 05:39:03 PM |
|
Ripple is a scam. Oh please, Google is extremely dirty. I'll allow Oracle Java on my machine but I won't allow Google Chrome. I don't trust google. I think google's interest in ripple is to integrate it into their payment services so that you have to have a google ID to use ripple. So there is an ulterior motive to this. Since Viceroy raised Google as an issue... Ripple does not even appear on Google Ventures web site... I think Google is waiting for Ripple to keel over... Then they will peel off the Good Stuff... and integrate it into Google Wallet. |
|
|
|
|
|
Explodicle
|
|
July 15, 2013, 05:40:03 PM |
|
Can anyone tell me who, other than a money launderer, would need to mix their coins? Everyone who values their privacy. For example if you want to buy porn and don't want some cyberstalker to send a list of sites to your mother. Yea, if you afraid to buy porn you probably shouldn't be looking at it. Real men are not afraid to buy things that might be embarrassing to a ten year old. If you want anonymity, buy it with cash. Bitcoin is not anonymous. Every transaction is recorded in a public log. That's sexist, heteronormative, ageist, and Orwellian. It ignores the facts that in-person transactions are never anonymous, that Bitcoin was designed and developed with privacy in mind, and that some people don't share your empowered social status. |
|
|
|
|
canuck
Member
Offline
Activity: 116
Merit: 10
|
|
July 15, 2013, 09:21:20 PM |
|
Thank you for that response QuantPlus. Now that we have a solid foundation on that matter I want to have it end in this thread. It is clear that there are strong opinions about ripple being a scam or illegal, but the company is easy to find and if they are breaking the law the regulators know how to get ahold of them. Now let's shift the focus back to TF, the central character in this OP. Can anyone tell me who, other than a money launderer, would need to mix their coins? Everyone who values their privacy. For example if you want to buy porn and don't want some cyberstalker to send a list of sites to your mother. Yea, if you afraid to buy porn you probably shouldn't be looking at it. Real men are not afraid to buy things that might be embarrassing to a ten year old. If you want anonymity, buy it with cash. Bitcoin is not anonymous. Every transaction is recorded in a public log. Real men who happen to be gay in that situation in some countries run a real risk of being killed. Take your self important attitude and fucking stuff it you twerp. The world doesn't exist in an American centric bubble. While bitcoin is not anonymous, it is private and that does have very real positive applications. The ability to anonymize yourself also has great utility. Now, if you want to convince yourself that money laundering is indeed a crime, you can go ahead and stay in your little mental midgetry of course. No one will stop you but as far as victimless crimes and capital control issues go, money laundering is certainly anti-freedom. Shucks, it's too bad that bitcoin will help your local weed retailer evade the police but I guess you have a real hard on for busting drug vendors...like liquor store clerks? Whatever, anyhow, that's not even the core of the argument. The core issue here is having the freedom to undertake personal wealth management free from capital controls. The drug thing is just one example among many of crimes that aren't crimes and technologies like bitcoin facilitate anonymity that allows people to get out of the government crosshairs. Whatever you think of drugs, sex for cash, homosexual people or who knows what, you're basically complaining that bitcoin and mixer services might stop your moralistic idiocy from holding some sort of sway over people. Well boo fucking hoo. It's just so sad that people might be able to find a little freedom for once huh? GAH@!(*^@!@ |
|
|
|
|
|
tinus42
|
|
July 15, 2013, 09:43:09 PM |
|
I don't distrust TradeForest as a businessman but I have my doubts if he can withstand legal scrutiny. So won't be putting BTC in Coinlenders as I was considering to do.
|
|
|
|
|
|
Viceroy (OP)
|
|
July 15, 2013, 11:27:15 PM
Last edit: July 16, 2013, 12:06:05 AM by Viceroy |
|
I don't distrust TradeForest as a businessman but I have my doubts if he can withstand legal scrutiny. So won't be putting BTC in Coinlenders as I was considering to do.
Ah, a thinking person .... And to the person who suggested money laundering is not a crime I recommend you move to Bikini Atoll because in the rest of the world it's a crime. Bitcoin was not designed to be the new money of the mafia nor was it designed to be anonymous. Every transaction is recorded in public. Look to Liberty Reserve to see what happens when criminals use digital currency. Alice: The idea of using a mixer to disguise "vendor payments" is nonsense since any vendor can just create a new address at any time. Unless the vendor is trying to hide income from the tax man there is no reason I can fathom that requires mixing. Let's be honest and state that "the primary use of coin mixers is now and will forever be to wash bitcoin that was used in criminal transactions". It certainly is not about gay men who live in homophobic countries who buy playgirl.  Further: How stupid can one be to not read the difference between CoinChat and CoinLenders.
One thing I noticed though is that I saw that the salt is a global variable in CoinLenders -> the salt is the same for everyone? -> if the database leaks the attacker can find people having the same password easily since the sha256 of (salt.pwd) is the same for everyone when pwd1 === pwd2
This is no longer the case. All passwords has been rehashed and salted with a user unique salt. So by deduction it WAS the case for SOME PERIOD OF TIME. Don't believe me, read TF's own words and come the same conclusion that (up until yesterday?) he was storing passwords in the clear. Nice. |
|
|
|
|
canuck
Member
Offline
Activity: 116
Merit: 10
|
|
July 15, 2013, 11:51:39 PM |
|
Damn, I honestly thought I could draw you in with some name calling. Colour me disappointed.
Ok, well then fine. No, this is not about gay men in Iran or whatnot but it well could be. That's one of the magical aspects of bitcoin if you believe in the supernatural powers of government which you certainly seem to. The freedom in individual financial sovereignty granted by this decentralized private money service (anonymous and private are different) is a real and direct challenge to government capital controls and that's what money laundering laws are.
If you can't see why AML is as devoid of justification as the Government of Argentina banning American dollars then you aren't getting it.
All that said, yes TF may indeed be exposed to government superpowers at some point and currently, depending on the jurisdiction that notices him, that could be a significant problem or nothing to worry about at all. Time will tell but does that make him a criminal? ...well, I tend to think that a lot of people that governments label as criminals really aren't criminals but indeed are law breakers.
|
|
|
|
|
|
Explodicle
|
|
July 15, 2013, 11:55:49 PM |
|
Let's be honest and state that "the primary use of coin mixers is now and will forever be to wash bitcoin that was used in criminal transactions". It certainly is not about gay men who live in homophobic countries who buy playgirl. Since Bitcoin is "not anonymous" and you're confident about the primary use of mixers, surely you can provide some data as to what percentage of mixer volume is for criminal money laundering, and what percentage is innocent people who desire privacy? |
|
|
|
|
|
Viceroy (OP)
|
|
July 16, 2013, 12:03:05 AM |
|
I'm happy to have all kinds of discussions but lets keep this particular thread focused where it should be... on TradeFortress questionable activities and determining if those activities are breaking any laws.
|
|
|
|
|
Mota
Legendary
Offline
Activity: 804
Merit: 1002
|
|
July 16, 2013, 12:40:59 AM |
|
I'm happy to have all kinds of discussions but lets keep this particular thread focused where it should be... on TradeFortress questionable activities and determining if those activities are breaking any laws.
You sir are the master of trolls. No. Actually you are just annoying as hell. Just for your information, not only banks can lend money, everyone can, and everyone can hold money and return it with an/against an interest. Pawnbrokers do that all the time.... To the legal problem: Bitcoin is a commodity and is traded as such in all of Europe as per European law regarding ecurrency. So he is not doing anything illegal. His lendingservice is also not illegal, since credits given from a private entity are also legal. He never called himself a bank AFAIK, so there is also no problem regarding that definition. I can't believe I read through your whole crappy thread... Seriously you americans are really going on my nerves sometimes. Let's see: Per your definition everyone dealing with US citizens and breaking US law in a different country is guilty of a crime? In the Netherlands it is legal to buy weed (which is legal in California too IIRC) so every Coffeeshopowner is breaking the law! AS is everyone in California selling weed to non Californian US citizens? Or what about US citizens putting their cash on the caimans? Is every Bank clerk there now guilty of aiding and abiding tax evasion and money laundering? Get off your high horse before your government claims it's illegal and pulls it from under your idiotic ass.... |
|
|
|
|
|
AliceWonder
|
|
July 16, 2013, 02:37:15 AM |
|
Alice: The idea of using a mixer to disguise "vendor payments" is nonsense since any vendor can just create a new address at any time.
I'm well aware of that. All your competition has to do thoug is make small purchases and watch happens to the transactions, where it is spent and what other inputs it is mixed with when it is spent. |
|
|
|
|
CurbsideProphet
|
|
July 16, 2013, 02:50:45 AM |
|
He makes it pretty clear that it's not a bank. I personally insure all BTC deposits. I have a significant amount of bitcoins and assets, and fiat income to cover the deposits. I run the investment fund BTCINVEST which previously insured the bonds and I paid out over 130 BTC as insurance. Please keep in mind this is not a bank with FDIC insurance and everything has risks. |
1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
|
|
|
|
Viceroy (OP)
|
|
July 16, 2013, 03:02:18 AM |
|
No. Actually you are just annoying as hell. Just for your information, not only banks can lend money, everyone can, and everyone can hold money and return it with an/against an interest. Pawnbrokers do that all the time....
What's annoying to me is FUD like you are spreading. You neglect to mention the FACT that pawnbrokers are registered and follow loses in the state in which they operate. TF hides in the shadows trying to avoid the law that requires banks to be registered. |
|
|
|
|
|
Viceroy (OP)
|
|
July 16, 2013, 03:03:43 AM |
|
He makes it pretty clear that it's not a bank.
So what? What does His making it clear have to do with anything? By way of example I stand on the corner and sell crack. But I say I'm not a crack dealer. and.... so what? Attack me all you want but realize that 33% of us think TF is less than a stellar character, so my belief is hardly unique. TFs bank is going to fold and your bitcoins WILL be lost. |
|
|
|
|
|
AliceWonder
|
|
July 16, 2013, 03:17:11 AM |
|
Attack me all you want but realize that 33% of us think TF is less than a stellar character, so my belief is hardly unique. TFs bank is going to fold and your bitcoins WILL be lost.
I suspect his BTC loan business will fail as well, but I don't know that he has nefarious intent. He very well may believe it will work and perhaps it will. Trying something that others suspect will fail doesn't make him a bad guy. The legal aspect, well, I'm not a lawyer and I'm not familiar with the laws and case history in his country. Hopefully for the kind of operation he is running he has hired one. |
|
|
|
|
AliceWonder
|
|
July 16, 2013, 03:18:54 AM |
|
Now ripple on the other hand, they blatantly lie on their web site,
They claim it is open source - yet they refuse to release the source.
Lying and deceiving people like that does make them a bad guy.
Ripple wants to control the money flow, you need XRP to use the system and they have all the control over who gets all the XRP.
It's a straight up scam.
|
|
|
|
God9394
Newbie
Offline
Activity: 49
Merit: 0
|
|
July 16, 2013, 11:58:50 AM |
|
I deposit BTC into coinlenders, BTC no appear!
He breaks the law!
|
|
|
|
|
Mota
Legendary
Offline
Activity: 804
Merit: 1002
|
|
July 17, 2013, 08:39:17 AM |
|
This thread is pointless, since Viceroy deletes posts which he does not like...
|
|
|
|
|
scotaloo
Newbie
Offline
Activity: 42
Merit: 0
|
|
July 17, 2013, 12:24:08 PM |
|
We will be launching a new website soon dedicated to open discussion about TradeFortress, his various websites and alleged scams he has done.
There will be lots of useful information on it along with hard evidence. Stay tuned guys!
|
|
|
|
|
|
Poll
