Ebay UK annouces new policy for virtual currencies

[silvercardbank]

ebay removed all my listings for devcoin, the longest running cryptocurrency next to bitcoin if you've never heard of that one .

This is what they sent me :

Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date.

  i think thats good news for a lot of people who have had there ebay susspended for selling it !

[LiteCoinGuy]

Sounds cool but dont sell coins via paypal, you probably will be scammed

[FandangledGizmo]

That sounds like good news   

[EcuaMobi]

Sounds cool but dont sell coins via paypal, you probably will be scammed

That's the next change PayPal/eBay must make:
Accept block chain as proof of transfer to stop these kind of scams.

[LiteCoinGuy]

Sounds cool but dont sell coins via paypal, you probably will be scammed

That's the next change PayPal/eBay must make:
Accept block chain as proof of transfer to stop these kind of scams.

Yes thats true.

[silvercardbank]

Sounds cool but dont sell coins via paypal, you probably will be scammed

talking of scams can anyone explain this ? can the blockchain be manipulated as seems to have happened here.

Dear depo711,

thats really weird , i just done a search of the blockchain again and this time it comes up like this . your coins showed on the last search but not this time its been deleted.

i dont know how this can be but i am going to do some investigating to find out how this is at all possible. jason t

Address 1FJUMRwS7LoZsyxnujir3uzjs3EEwEY2Tp

Short Link: http://darkgamex.ch:2751/a/1FJUMRwS7L

Balance: 5 DVC
Transactions in: 3
Received: 15 DVC
Transactions out: 2
Sent: 10 DVC
Transactions
Transaction Block Approx. Time Amount Balance Currency
2ec657e274... 121241 2014-01-09 17:39:46 5 5 DVC
e2d15eb939... 121257 2014-01-09 19:53:28 (5) 0 DVC
2a0d4b2e24... 121886 2014-01-14 13:29:21 5 5 DVC
55563dc8c9... 121905 2014-01-14 18:26:04 (5) 0 DVC
c6c8b2b7ef... 121952 2014-01-15 02:31:06 5 5 DVC

- jasont4671
   


From: depo711
To: jasont4671
Subject: Re: jasont4671 sent a message about 500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect #191036400314
Sent Date: 16-Jan-14 16:55:24 GMT

Dear jasont4671,

Sorry, but I only have one account, and one wallet address..........and I have only had 3 deposits of Devcoins since I opened a DevCoin wallet.........and the short link you sent, when I tried it, it gives me an error message that says that the page will not open..... the address I sent is correct........... 1FJUMRwS7LoZsyxnujir3uzjs3EEwEY2Tp ...............It may be the blockchain holding it up..........I will check again later .........

- depo711
   


From: jasont4671
To: depo711
Subject: Re: jasont4671 sent a message about 500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect #191036400314
Sent Date: 16-Jan-14 15:10:30 GMT

Dear depo711,

hi just been on the internet to check the blockchain and see where it got to . you must be looking in the wrong wallet or account .
i see all your transactions for this address including the 500 i sent you . see here .

Address 1FJUMRwS7LoZsyxnujir3uzjs3EEwEY2Tp

Short Link: http://d.evco.in/abea/1FJUMRwS7L

Balance: 5 DVC
Transactions in: 5
Received: 520 DVC
Transactions out: 4
Sent: 515 DVC
Transactions
Transaction Block Approx. Time Amount Balance Currency
2ec657e274... 121241 2014-01-09 17:39:46 5 5 DVC
e2d15eb939... 121257 2014-01-09 19:53:28 (5) 0 DVC
2a0d4b2e24... 121886 2014-01-14 13:29:21 5 5 DVC
55563dc8c9... 121905 2014-01-14 18:26:04 (5) 0 DVC
c6c8b2b7ef... 121952 2014-01-15 02:31:06 5 5 DVC
557cbbe9bf... 122083 2014-01-16 01:04:05 5 10 DVC
33bf721b3a... 122093 2014-01-16 02:06:10 500 510 DVC
232a9153f6... 122134 2014-01-16 08:50:58 (5) 505 DVC
232a9153f6... 122134 2014-01-16 08:50:58 (500) 5 DVC

- jasont4671
   


From: depo711
To: jasont4671
Subject: Re: jasont4671 sent a message about 500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect #191036400314
Sent Date: 16-Jan-14 11:51:52 GMT

Dear jasont4671,

Good morning, I just checked my Devcoin account this morning, no new deposits and I do not have any pending deposits showing.........do you have a transaction #

Thanks.

- depo711
   


From: jasont4671
To: depo711
Subject: jasont4671 sent a message about 500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect #191036400314
Sent Date: 16-Jan-14 02:22:06 GMT

                   
500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect   
500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect
Item Id:   191036400314
End time:   13-Feb-14 15:12:42 GMT
Seller:
   
jasont4671 (130)
100.0% Positive Feedback
Member since 12-Jan-07 in Canada
Location: NS, Canada
Listing Status:   This message was sent while the listing was active.

[Meuh6879]

  Bitcoin win ... other altcoin loose 

[mikewoods]

eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014.

"Classified Ads format" -  sounds like a lot of verifications/limitations/additional_problems

[LiteCoinGuy]

Sounds cool but dont sell coins via paypal, you probably will be scammed

talking of scams can anyone explain this ? can the blockchain be manipulated as seems to have happened here.

blockchain itself is fine but:

they give a shit on the blockchain. you sell a virtual good, then you are not protected from paypal. simple as that  

[SirBitsalot]

I don't understand why, I see this being a bit hit for Ebay!

[Sutters Mill]

Another means of taking virtual currency to the masses. I'm enjoying seeing the different channels unfold that take alt-coins out there to people. Of course, the higher you climb the harder you fall, but it could be good for the alt-coin prices if the demand goes up. Transactions being irreversible might be a problem unless PayPal is still used for protection.

[LiteCoinGuy]

http://www.coindesk.com/ebay-uk-virtual-currency-february/

[virtualfaqs]

What eBay has to do is set up escrow accounts for every currency and process them automatically during the process of the auction. After buyer pays, they instantly get the coins. Their card is automatically charged. If there are any disputes, eBay and PayPal takes care of it not you. That has always been the simplest solution. I don't know why it can never be implemented. The number of problems it would solve and money saved from wasting time on stupid disputes would be ridiculous.

[bitpop]

Classifieds don't use the payment or feedback system. It's just like Craigslist.

[ljudotina]

Sounds cool but dont sell coins via paypal, you probably will be scammed

That's the next change PayPal/eBay must make:
Accept block chain as proof of transfer to stop these kind of scams.

Scam is not executed via: "i did not receive coins", it's executed via: "someone stole my card and i did not buy that stuff, pls refound me". And Paypal is well known as provider that is always on buyers side....talking from personal expirience.

[ljudotina]

eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014.

"Classified Ads format" -  sounds like a lot of verifications/limitations/additional_problems

No, it's same as anything else, but it takes 5$ or even more to set up single sell....so basicly, selling small ammounts of BTC is out of question that way.
EDIT: I just checked it. Insertation fee is 9.95$
So, basicly, only larger amounts, and with current scamming posibilities via Paypal (even once they accept blockchain as proof)....i dont know if i would do it.

[Lethn]

Please let Ebay be shut down for money laundering, please let Ebay be shut down for money laundering.....

[virtualfaqs]

I didn't have one successful auction on eBay because the highest bidders could not pass my very simple verification process. I was only selling $10 to $50 BTC worth at the time. I lost money from all the final value credit refund fees that never covered the auction cost.

[bitpop]

I didn't have one successful auction on eBay because the highest bidders could not pass my very simple verification process. I was only selling $10 to $50 BTC worth at the time. I lost money from all the final value credit refund fees that never covered the auction cost.

What was your verification process?

[Chris180Z]

If they execute this correctly, then this is fantastic news. This could be a very smart move on eBays behalf adopting/allowing crytopcurrencies (at a fee).