BitBet Stole ~$7,000 from me (10 BTC)

[snackman]

Regardless of what you think of bitbet's behavior, this snackman guy is an asshole.  Is there a tag for that?

Mtgox price hits 750  (Bet is decided)
Nov. 18, 2013  21:25 GMT
http://api.bitcoincharts.com/v1/trades.csv?symbol=mtgoxUSD&start=1384809900


Nov. 18, 2013  21:42 GMT  (Snackman tries to rip off other bettors)
https://blockchain.info/tx/2af75fb4e50a14bf247575bf426615d01f9d6db4d88dc0668d27c88259f68691

Trying to bilk a parimutuel bet after the result is known is very scummy.

The price needed to go above $750 which happened Mon, 18 Nov 2013 22:58:29 GMT.

Ah, good point.  I am sure snackman realized that distinction and was not trying to ripoff the other parimutuel bettors... (where's the sarcmark on this thing?)

mike_c: Not only did you bring up an objection that has, as octopus said, already been thoroughly deconstructed multiple times, but you also deliberately distorted the truth. Proof:

22:13:16 mike_c: i don't that is a win yet anyway. bet is above 750, and current high is 750.0

I didn't appreciate your rudeness on November 18th in the #bitcoin-assets IRC, and I don't appreciate your slimy conduct in this thread.

Here's my email to coinjedi on November 18th, with screenshot of timestamped bet transfer from Bets of Bitcoin (times in EST: GMT-5):

[1714730861]

1714730861

[1714730861]

1714730861

[MPOE-PR]

mike_c: Not only did you bring up an objection that has, as octopus said, already been thoroughly deconstructed multiple times

You fundamentally misunderstand what "deconstructed" means. Hint: it's not a synonym of "destroyed", it's a way to say "taken apart so as to better understand it".

I can appreciate your adolescent desire to impress, with stolen philosophical vocabulary, with stolen bits of Latin in the wrong declensions and so on and so forth. You are however quite outside of your intellectual depth in this adventure, and a more modest attitude, better aligned with your actual abilities, accomplishments, and experience would probably work a lot better.

Provided, of course, that your goal isn't to be our little special lolcow.

[octopus]

mike_c: Not only did you bring up an objection that has, as octopus said, already been thoroughly deconstructed multiple times

You fundamentally misunderstand what "deconstructed" means. Hint: it's not a synonym of "destroyed", it's a way to say "taken apart so as to better understand it".

I can appreciate your adolescent desire to impress, with stolen philosophical vocabulary, with stolen bits of Latin in the wrong declensions and so on and so forth. You are however quite outside of your intellectual depth in this adventure, and a more modest attitude, better aligned with your actual abilities, accomplishments, and experience would probably work a lot better.

Provided, of course, that your goal isn't to be our little special lolcow.

god, you are such an insufferable faggot.

yes, the argument was deconstructed you massive fucking cunt. it was analyzed piece-by-piece, and shown to be wrong.

I can appreciate your adolescent desire to impress

funny, because you're the one typing like you just raped a thesaurus.

[octopus]

This thread is so confusing. How can someone be a cunt and a faggot?

dono but fuckface here managed to pull it off

[deivid]

This thread is so confusing. How can someone be a cunt and a faggot?

dono but fuckface here managed to pull it off

Please don't respond to insults/trolling. That's what they want.

[MPOE-PR]

This thread is so confusing. How can someone be a cunt and a faggot?

He's just a running dog of the chauvinist male pigs that's all.

[DoomDumas]

I think that place a amount of BTC much larger than actual bet for and against, just before the deadline, being sure to win is an abuse of the service.  It's quite not fair if they really keep the transfered BTC for themselve, I'm not sure about this policy and their action.

But, I you want to bet in BetsOfBitco.in, the BTC should be in your account wel before placing a bet.

I've lose many time large part of my winnings, due to abuse.  Someone placing a bet 10 or 100 times bigger than the actual bet in place, just before the deadline, being sure of the win is in fact an abuse of the service.

I hope anyone will be able to recover their coin, because IIRC, their pratice is as unfair as the user who try to abuse.

Wighing you all the best !

[MPOE-PR]

Seems Mr. P's latest touches upon this thread's particular...flavor.

Bitcoin as replacement for the electoral system.

[IsaacGoldbourne]

This is just stealing, pure and simple.
$8000 too!

[tonyq]

Does Snackman have any legal avenues he can go down in order to get his dough back?

I have now removed the BitBet banner from my website....I urge others to do the same.

[muasktak10]

I hope this is resolved, as it removes most of my interest in bitcoin as a means of transactions if the main aspect of bitcoin is the sense of community and personal responsibility, and the community has failed to justly take down such an obvious scam site and/or pressured the company into refunding the man his money for a service not rendered, then there is no honor among any of us.

[Tulak]

There is no honor among capitalists. If you want honor, watch The Last Samurai

[tonyq]

[snackman]

Does Snackman have any legal avenues he can go down in order to get his dough back?

I have now removed the BitBet banner from my website....I urge others to do the same.

I'm in contact with a lawyer right now - I'll keep you updated. What other sites run BitBet banners/ads?

I hope this is resolved, as it removes most of my interest in bitcoin as a means of transactions if the main aspect of bitcoin is the sense of community and personal responsibility, and the community has failed to justly take down such an obvious scam site and/or pressured the company into refunding the man his money for a service not rendered, then there is no honor among any of us.

Where else should I post this to draw more attention to BitBet's scam?

[moderate]

Does Snackman have any legal avenues he can go down in order to get his dough back?

I have now removed the BitBet banner from my website....I urge others to do the same.

I'm in contact with a lawyer right now - I'll keep you updated. What other sites run BitBet banners/ads?

I hope this is resolved, as it removes most of my interest in bitcoin as a means of transactions if the main aspect of bitcoin is the sense of community and personal responsibility, and the community has failed to justly take down such an obvious scam site and/or pressured the company into refunding the man his money for a service not rendered, then there is no honor among any of us.

Where else should I post this to draw more attention to BitBet's scam?

You could try news.ycombinator.com

[moderate]

We need to get better at keeping track of these scammers. I missed this thread:

You better miss that thread again. The guy that started it is a scammer associated to the casinobit scam (observe how this now proven scam is not shown as scam in his list), check https://bitcointalk.org/index.php?topic=171094.1240 for the latest posts (you won't find tmbp in these last posts, not sure if it is obvious to you why that is the case).

You started fine by showing bitbet stole you, now you are no longer doing fine. Focus on your case.

[snackman]

We need to get better at keeping track of these scammers. I missed this thread:

You better miss that thread again. The guy that started it is a scammer associated to the casinobit scam (observe how this now proven scam is not shown as scam in his list), check https://bitcointalk.org/index.php?topic=171094.1240 for the latest posts (you won't find tmbp in these last posts, not sure if it is obvious to you why that is the case).

You started fine by showing bitbet stole you, now you are no longer doing fine. Focus on your case.

Fair enough, I'll remove the post.

Is there a trustworthy bitcoin scam business listing?

[deivid]

I'm in contact with a lawyer right now - I'll keep you updated. What other sites run BitBet banners/ads?

Coindesk.com have two articles mentioning bitbet as betting site (u can try to search there in home page). Would be interesting if they know how bitbet works in reality.

Also, I'm going to talk with some friends to write an article in their blogs about this case, and ask them to propagate it in facebook and twitter.

Did u know? if u google for bitbet , this thread is showed in 4th position.

Man, the entire world is going to know how they are. I'm not going to stop until we get our money back.

[deadweasel]

I'm in contact with a lawyer right now - I'll keep you updated. What other sites run BitBet banners/ads?

Coindesk.com have two articles mentioning bitbet as betting site (u can try to search there in home page). Would be interesting if they know how bitbet works in reality.

Also, I'm going to talk with some friends to write an article in their blogs about this case, and ask them to propagate it in facebook and twitter.

Did u know? if u google for bitbet , this thread is showed in 4th position.

Man, the entire world is going to know how they are. I'm not going to stop until we get our money back.

Like I said before, the entire world can know just by going to http://bitbet.us/faq/.  Because it's public record along with confiscated bets, in their monthly report.

Bitbet.us's owner is (thankfully) entirely correct here:

"The more important point, and where Bitcoin really shines, is that it doesn’t matter what they or anyone else would rather or wouldn’t rather. The owners of the service decide how it works, it is strictly their empire to judge if the increased fees are justified by the increased complexity. If they make the right call they will prevail in the marketplace - over the dead bodies of the butthurt idiot parade. This will be a good outcome for society as a whole, because people will have a good service they can use no matter what anyone else says. If they make the wrong call they will fail in the marketplace, and this will be a good outcome for society as a whole, because entrepreneurs will have one good example to guide their future behaviour by."

The market has decided and will continue to decide that BitBet.us functions very well and profitably for those who take the time to use it correctly.  

This customer base will continue to increase as you freely advertise for it -- as knowledgeable users will know a good thing when they investigate it.  As many have and continue to do.  

Let the free market descide, but don't mis-represent the event.  There was no theft, no scam, etc.  There was a user who did NOT read the instructions and made multiple mistakes sending his coins to the 'confiscated' bin by his ignorance.  His ignorance is not a defense.

[moderate]

Like I said before, the entire world can know just by going to http://bitbet.us/faq/.

Bitbet.us's owner:

"The owners of the service decide how it works."

Like has been mentioned before, stating that you are going to steal someone's else fund doesn't make it right.

The service is free to do anything it wants, the user is free to seek legal help for any events that occur.

It is unlikely that anything will happen here in favor to the OP, but it would surely be a step forward to show that fully unregulated business stealing from users are still subject to the laws from the real world even if they are using bitcoins.