Bitcoin Forum
November 18, 2017, 09:03:26 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: CoinValidation is scam  (Read 1018 times)
kerogre256
Full Member
***
Offline Offline

Activity: 161


View Profile
November 22, 2013, 02:28:38 PM
 #1

You submit your private keys to CoinValidation and they remove coins from unvalidated addresses and escrows them until the sender validates, automatic in the case you use coinbase.
LOL I you sooo stupid to do it you deserve to lose all you bitcoin one more scam nothing more.... why there  is no warnig abaut it on Bitcoin talk .Huh
1510995806
Hero Member
*
Offline Offline

Posts: 1510995806

View Profile Personal Message (Offline)

Ignore
1510995806
Reply with quote  #2

1510995806
Report to moderator
1510995806
Hero Member
*
Offline Offline

Posts: 1510995806

View Profile Personal Message (Offline)

Ignore
1510995806
Reply with quote  #2

1510995806
Report to moderator
Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1510995806
Hero Member
*
Offline Offline

Posts: 1510995806

View Profile Personal Message (Offline)

Ignore
1510995806
Reply with quote  #2

1510995806
Report to moderator
niothor
Hero Member
*****
Offline Offline

Activity: 546


Niothor


View Profile WWW
November 22, 2013, 02:34:10 PM
 #2

You submit your private keys to CoinValidation and they remove coins from unvalidated addresses and escrows them until the sender validates, automatic in the case you use coinbase.
LOL I you sooo stupid to do it you deserve to lose all you bitcoin one more scam nothing more.... why there  is no warnig abaut it on Bitcoin talk .Huh

So where did you got that quote?

Sheldor333
Sr. Member
****
Offline Offline

Activity: 406


View Profile
December 15, 2013, 03:10:03 PM
 #3

If they have this in their agreement or not I don't like them. They are collecting data of all users and just that makes it wrong. This is like willingling allowing your money to be counted and told this is ok, this is not.
Imagine if they collected "unvalidated" coins and decided all of a suddent to validate them...themselves.

Gabi
Legendary
*
Offline Offline

Activity: 1078


If you want to walk on water, get out of the boat


View Profile
December 15, 2013, 03:16:45 PM
 #4

Lol ridicolous.
Melbustus
Legendary
*
Offline Offline

Activity: 1638



View Profile
December 15, 2013, 03:37:19 PM
 #5

Well, probably not a "scam" in the defrauding customers sense.

But it's an absolutely terrible idea nonetheless.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
franky1
Legendary
*
Offline Offline

Activity: 1862



View Profile
December 15, 2013, 04:35:13 PM
 #6

glue sniffers please put delusions aside. atleast read the proper information and stop forming dreamed up theories based on conversations from others in a chinese whisper network of ill informed people.

coin validation are purely business advisors. they are there to help BUSINESSES that deal with fiat (EG exchanges) to ensure they comply with regulations.

these businesses found to fully comply will have their business accredited by them and their bitcoin addresses listed as trusted addresses doing legitimate business.

that way other exchanges can trust them more to possibly allow deposits from these trusted businesses to be accepted with a lower confirm requirement.

EG.
imagine bitstamp got coinvalidation accredited also note another exchange EG: BTC-E which requires 3 confirms before balance shows up.

 imagine it if BTC-E had a system that if funds came from an accredited exchange like bitstamp. they would accept the funds with no confirm requirements.

imagine starbucks accepting payments from bitstamp without confirms.

Coinvalidation is not making a database of every users bitcoin address. only those addresses belonging to businesses.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
Sheldor333
Sr. Member
****
Offline Offline

Activity: 406


View Profile
December 15, 2013, 04:35:29 PM
 #7

Well they are trying to centralize a decentralized currency. In my book that is evil. There are already a lot of decentralized currencies out there and they all have some flaws, let this one try it's own fate. But no, they want to be a Central Bank, control everything.

Sheldor333
Sr. Member
****
Offline Offline

Activity: 406


View Profile
December 15, 2013, 04:39:06 PM
 #8

glue sniffers please put delusions aside. atleast read the proper information and stop forming dreamed up theories based on conversations from others in a chinese whisper network of ill informed people.

coin validation are purely business advisors. they are there to help BUSINESSES that deal with fiat (EG exchanges) to ensure they comply with regulations.

these businesses found to fully comply will have their business accredited by them and their bitcoin addresses listed as trusted addresses doing legitimate business.

that way other exchanges can trust them more to possibly allow deposits from these trusted businesses to be accepted with a lower confirm requirement.

EG.
imagine bitstamp got coinvalidation accredited also note another exchange EG: BTC-E which requires 3 confirms before balance shows up.

 imagine it if BTC-E had a system that if funds came from an accredited exchange like bitstamp. they would accept the funds with no confirm requirements.

imagine starbucks accepting payments from bitstamp without confirms.

Coinvalidation is not making a database of every users bitcoin address. only those addresses belonging to businesses.
No. They are trying to centralize everything. 3 man control everything. That is ridiculous. If they do succed in this they will ruin BitCoin.

franky1
Legendary
*
Offline Offline

Activity: 1862



View Profile
December 15, 2013, 06:21:22 PM
 #9

glue sniffers please put delusions aside. atleast read the proper information and stop forming dreamed up theories based on conversations from others in a chinese whisper network of ill informed people.

coin validation are purely business advisors. they are there to help BUSINESSES that deal with fiat (EG exchanges) to ensure they comply with regulations.

these businesses found to fully comply will have their business accredited by them and their bitcoin addresses listed as trusted addresses doing legitimate business.

that way other exchanges can trust them more to possibly allow deposits from these trusted businesses to be accepted with a lower confirm requirement.

EG.
imagine bitstamp got coinvalidation accredited also note another exchange EG: BTC-E which requires 3 confirms before balance shows up.

 imagine it if BTC-E had a system that if funds came from an accredited exchange like bitstamp. they would accept the funds with no confirm requirements.

imagine starbucks accepting payments from bitstamp without confirms.

Coinvalidation is not making a database of every users bitcoin address. only those addresses belonging to businesses.
No. They are trying to centralize everything. 3 man control everything. That is ridiculous. If they do succed in this they will ruin BitCoin.

you are over exaggerating. you are either sniffing glue or hearing things from chinese whispers instead of reading the facts from the source. please research harder and stop creating fud.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
December 15, 2013, 06:33:02 PM
 #10

coinvalidation being run by a known scammer yifu. yipeeee

ok
franky1
Legendary
*
Offline Offline

Activity: 1862



View Profile
December 16, 2013, 12:51:33 AM
 #11

yifu runs avalon, the only asic manufacturer that did stick to most of its promises.. now if coinvalidation was being run by josh zerlan then id agree with your statement.

to me coinvalidation is not a threat, they just want to ensure exchanges meet all the FIAT rules when dealing with the fiat side of business. this would help to ensure banks dont freeze accounts and also that all the exchanges ran by mysterious basement dwelling teenagers start to disappear.

what i do find more worrying are the protocol changes that mike hearn and luke_jr wish to implement which will change how transactions are processed.

coinvalidation does not touch the protocol, it just advises businesses. learn to research.

oh and from what i believe yifu is a 'client' of coinvalidation, getting business advice from them. he isnt a partner.. ( as far as i can tell )

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
December 16, 2013, 02:08:28 AM
 #12

yifu shouldn't be associated with any decent bitcoin business until he returns all the money he scammed from people. stop defending a known scammer

ok
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
December 16, 2013, 02:28:07 AM
 #13

You submit your private keys to CoinValidation and they remove coins from unvalidated addresses and escrows them until the sender validates, automatic in the case you use coinbase.
LOL I you sooo stupid to do it you deserve to lose all you bitcoin one more scam nothing more.... why there  is no warnig abaut it on Bitcoin talk .Huh


glue sniffers please put delusions aside. atleast read the proper information and stop forming dreamed up theories based on conversations from others in a chinese whisper network of ill informed people.

coin validation are purely business advisors. they are there to help BUSINESSES that deal with fiat (EG exchanges) to ensure they comply with regulations.

these businesses found to fully comply will have their business accredited by them and their bitcoin addresses listed as trusted addresses doing legitimate business.

that way other exchanges can trust them more to possibly allow deposits from these trusted businesses to be accepted with a lower confirm requirement.

EG.
imagine bitstamp got coinvalidation accredited also note another exchange EG: BTC-E which requires 3 confirms before balance shows up.

 imagine it if BTC-E had a system that if funds came from an accredited exchange like bitstamp. they would accept the funds with no confirm requirements.

imagine starbucks accepting payments from bitstamp without confirms.

Coinvalidation is not making a database of every users bitcoin address. only those addresses belonging to businesses.
No. They are trying to centralize everything. 3 man control everything. That is ridiculous. If they do succed in this they will ruin BitCoin.

you are over exaggerating. you are either sniffing glue or hearing things from chinese whispers instead of reading the facts from the source. please research harder and stop creating fud.


lol what?

coin validation wants poeple to give them their private keys?

and you are calling poeple glue sniffers, because this set off red flags for 90% of the bitcoiners.

your a funny guy.

i had been thinking Coinvalidation might not be such a bad thing, who wants glue sniffers and the likes in their community anyway right.

but asking for private keys, for wtv reason, crosses some kind of line, don't you think?

does everyone think everyone else is retarded and wont care about the complete centralization of bitcoin? really? wtf!

Bitbuy
Sr. Member
****
Offline Offline

Activity: 308


View Profile
December 17, 2013, 11:23:05 AM
 #14

yifu runs avalon, the only asic manufacturer that did stick to most of its promises.. now if coinvalidation was being run by josh zerlan then id agree with your statement.

Slight correction: KNC pulled through as well  Lips sealed
franky1
Legendary
*
Offline Offline

Activity: 1862



View Profile
December 17, 2013, 03:14:13 PM
 #15

coinvalidation doesnt want private keys.

stop reading fud from news articles and chinese whispers from reddit. try reading the source material

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
Pages: [1]
  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!