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Author Topic: MyBitcoin Claim Form Up!  (Read 700 times)
SomeoneWeird
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August 08, 2011, 11:37:10 AM
 #1

https://bitcointalk.org/index.php?topic=35606.0

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hairykrishna
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August 08, 2011, 11:40:07 AM
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It still feels wrong that he's basically going to get away with half the money.
SomeoneWeird
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August 08, 2011, 11:41:41 AM
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It still feels wrong that he's basically going to get away with half the money.

We're not dropping the investigation, but he HAS proved he still has a substantial amount of money, look at the wiki for more info.
noob_jul11
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August 08, 2011, 01:27:28 PM
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49% of what I had will be refunded!! I'm just glad I don't have much in there to begin with.
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August 08, 2011, 02:51:13 PM
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It still feels wrong that he's basically going to get away with half the money.

We're not dropping the investigation, but he HAS proved he still has a substantial amount of money, look at the wiki for more info.
Has it occurred to you that this claim process is just a way to launder the funds that he stole (51%)? Now that tracking the MyBitcoin coins is impossible, he can get away with the stolen funds.

Vladimir
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August 08, 2011, 02:57:56 PM
 #6

+1 Maged.

Yep,  it could be a great way of creating nice plausible deniability for themselves.

What a biz model:
1. Become a depositary institution (i.e. bank)
2. Accumulate lots of deposits (do not charge any meaningful fees for the service)
3. Rob yourself
4. Tell everyone that half of money gone, pay half out
5. Profit


Rule of thumb for punters: if someone offers to safely keep your money and do not want to charge for it, it is too good to be true.

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jimbo77
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August 08, 2011, 03:01:18 PM
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+1 Maged.

Yep,  it could be a great way of creating nice plausible deniability for themselves.

What a biz model:
1. Become a depositary institution (i.e. bank)
2. Accumulate lots of deposits (do not charge any meaningful fees for the service)
3. Rob yourself
4. Tell everyone that half of money gone, pay half out
5. Profit


Rule of thumb for punters: if someone offers to safely keep your money and do not want to charge for it, it is too good to be true.

3. Over periods of months take out small amounts at a time and sell them at high prices when no one suspects anything.
4. When first person takes BTC out that MyBitcoin can't cover then shutdown. Claim amount taken over the period to be stolen.
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