Flag against Livecoin (again)

[bob123]

After receiving negative ratings and the flag against them being valid, there is a new account (Livecoin Manager) which hosts a new signature campaign.


Reasons the (type 1) flag is appropriate:

• Livecoin holding customer funds hostage after he complained about them: Topic (archived)
  
  
• No reference to owner / operator of the site. Almost impossible to take legal actions against them: Post (archived)
  
  
• TOS which breake law. They make it impossible to file a police report without losing your funds: Post (archived)
  
  
• Extremely shady behavior by letting customer trade assets they can't and never will be able to withdraw at all: Topic (archived)
  
  
• Using a fresh account instead of their old one to not have their bad reputation being seen in their new signature campaign thread.
  
  
• And much more ...

Link to flag: https://bitcointalk.org/index.php?action=trust;flag=475



Edit:
Since Livecoin Manager and LiveCoin are operated by the same person / business, the same flag is necessary for the account LiveCoin.

Link to flag: https://bitcointalk.org/index.php?action=trust;flag=489

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[CryptopreneurBrainboss]

Seems appropriate, I was once a fan of the exchange after using it on multiple occasions might reconsider using their service if they can amend their ways. When I first saw the new signature, i thought they have resolve the scam accusation but seems they just ignore the worries of the community like every other shady businesse operator would had and still went on to created a new campaign to promote their services. Businesses that consider their reputation as a priority won't do such act.

[yogg]

Seems appropriate, I was once a fan of the exchange after using it on multiple occasions might reconsider using their service if they can amend their ways. When I first saw the new signature, i thought they have resolve the scam accusation but seems they just ignore the worries of the community like every other shady businesse operator would had and still went on to created a new campaign to promote their services. Businesses that consider their reputation as a priority won't do such act.

Absolutely.
We don't need more Yobits in the crypto space.

I have supported that flag and will do so until they resolve the first claims against them.

[bob123]

I have supported that flag and will do so until they resolve the first claims against them.

I believe the type 1 flag is appropriate even if they return the funds being held in hostage to the affected user.

All points mentioned in this topic still apply. Just because they paid back one affected customer, this is still something to consider when dealing with them (especially for newbies) and the remaining points still stay valid.


Overall, everyone is at high-risk when dealling with them in any way. Regardless of whether the affected user receives his money back or not.

[DireWolfM14]

I think LiveCoin's reputation is shot for good.  They have repeatedly refused to modify their user's agreement to comply with the law and accept responsibility for their mistakes, and their anonymity is quite concerning.  I would never send money to a service who'll accept zero accountability, which they continue to do.  Nobody should be promoting these scammers, but I'm afraid some people's greed will out-weigh their ethics. 

[The Sceptical Chymist]

I'd never heard of this exchange until now, and I agree with this completely:

We don't need more Yobits in the crypto space.

....except for the fact that personally I've never had a problem with Yobit and don't think they're completely a scam exchange.  I get the point entirely.

There's enough evidence presented in the OP such that I can--and did--support the flag.  Maybe they can rehabilitate their reputation, maybe not.  We'll see.

[marlboroza]

Using a fresh account instead of their old one to not have their bad reputation being seen in their new signature campaign thread.

I don't think this is their account.
Flag supported, some red paint added and just to link signature campaign https://bitcointalk.org/index.php?topic=5166711.msg51873630#msg51873630 (archived http://archive.is/zBTfi) in case someone fail to see connection between account LiveCoin Manager and Livecoin exchange.

[legendster]

I am going to participate in their campaign to recoup some of my losses.

Last year I deposited into one of their Altcoins that had the exact same name as another altcoin. I sent in my tokens and they were locked in a ETH address generated by them. And then it turned out to be the contract address. Long story. I have now forgotten what that coin was. My support ticket history is also deleted.

I am trying to search my email as well, so far no luck.


edit

Even though I said and expressed my intent to participate in this signature campaign. The fact remains, that I never associated myself with any promotion that Livecoin has conducted here or anywhere on the internet.

[DireWolfM14]

I am going to participate in their campaign to recoup some of my losses.

Last year I deposited into one of their Altcoins that had the exact same name as another altcoin. I sent in my tokens and they were locked in a ETH address generated by them. And then it turned out to be the contract address. Long story. I have now forgotten what that coin was. My support ticket history is also deleted.

I am trying to search my email as well, so far no luck.

So, you are going to promote scammers because it'll allow you to recoup the money they scammed from you?  Sounds legit. 

[legendster]

So, you are going to promote scammers because it'll allow you to recoup the money they scammed from you?  Sounds legit.  

I am going to milk them dry for all the money they kept from me. This is the closest I can get to them paying me a dime of what I deposited on their site.

Don't try to come to me lecturing about morals, none of you broke your backs trying to earn that money I lost to Livecoin.


Technically

It was my fault, I should have checked the ultra small link that led me to the asset's contract page and match it with what I thought it was representing. I didn't care about the money back then, but this year after I faced a slew of a serious medical emergency, I am trying to make every penny count.

Also,

Them not paying a user their funds because they complained is totally wrong and I do not support such a decision. I think I made that clear in one of my past posts. I can't remember when/where.

[Patatas]

After receiving negative ratings and the flag against them being valid, there is a new account

I doubt it's just the new account. Someone from the forum secretly wants to earn some money and avoid getting a bad reputation on the forum. It's obvious someone experienced here is managing the account. Regardless, right flag. Supported.

[legendster]

After receiving negative ratings and the flag against them being valid, there is a new account

I doubt it's just the new account. Someone from the forum secretly wants to earn some money and avoid getting a bad reputation on the forum. It's obvious someone experienced here is managing the account. Regardless, right flag. Supported.

That is deeply concerning. If only there was a way to track IPs .. wink wink?

[DireWolfM14]

So, you are going to promote scammers because it'll allow you to recoup the money they scammed from you?  Sounds legit.  

I am going to milk them dry for all the money they kept from me. This is the closest I can get to them paying me a dime of what I deposited on their site.

Don't try to come to me lecturing about morals, none of you broke your backs trying to earn that money I lost to Livecoin.


Technically

It was my fault, I should have checked the ultra small link that led me to the asset's contract page and match it with what I thought it was representing. I didn't care about the money back then, but this year after I faced a slew of a serious medical emergency, I am trying to make every penny count.

Also,

Them not paying a user their funds because they complained is totally wrong and I do not support such a decision. I think I made that clear in one of my past posts. I can't remember when/where.

Justify it anyway you like.  You're admitting they are scammers, and you're promoting them anyway.  Sounds like I don't need to lecture you about morals, you've already confirmed that yours are less important the money you lost.

[Patatas]

After receiving negative ratings and the flag against them being valid, there is a new account

I doubt it's just the new account. Someone from the forum secretly wants to earn some money and avoid getting a bad reputation on the forum. It's obvious someone experienced here is managing the account. Regardless, right flag. Supported.

That is deeply concerning. If only there was a way to track IPs .. wink wink?

Not sure if you're being sarcastic or whatever but was the supposed to mean that I'm behind the new account and managing the campaign? If that's the case, I don't think the admins should waste their time finding my IP's, I'll just give them on my own lol for a terrible manager I'm. You're defending them and I can clearly see why's that.

[suchmoon]

bob123, would you like to create a Type 1 flag for the main LiveCoin account?

There is one created by a troll and linked to an accusation that seems more appropriate for a type 2/3 flag if the victim was so inclined. This thread would be a better reference for a type 1 flag and I think we need one in case izoomrud's flag gets resolved.

[Have_good_times]

• No reference to owner / operator of the site. Almost impossible to take legal actions against them: Post (archived)
  
  
• TOS which breake law. They make it impossible to file a police report without losing your funds: Post (archived)/list]
  

These are the basics of decentralization.

Are we allowing all the ICOs to collect this forum member's money after verifying their address ?

If you are okay with a services then use them else look for another services. Freedom of choice. Trying to bridge centralized things will collapse all the essence of decentralization.

Mr.Satoshi stayed anonymous and left anonymous for the same reason.[/list]

[suchmoon]

Freedom of choice.

Goes both ways. There is also the freedom of choice to label such scams or to ignore them (scams and labels alike).

[Have_good_times]

Freedom of choice.

Goes both ways.

Pre-emptive flags will make entire forum paralyzed.

[suchmoon]

Pre-emptive flags will make entire forum paralyzed.

And straw people present a fire hazard. You are free to send your money to scammers regardless of any flags so nobody is "paralyzed" here.

[Have_good_times]

Pre-emptive flags will make entire forum paralyzed.

And straw people present a fire hazard. You are free to send your money to scammers regardless of any flags so nobody is "paralyzed" here.

There are hundreds of ponzi and potential scam in the name of gambling and altcoins but you people are instead of spending your time on those, supporting the people who are targeting a business with baseless points. And this is where I am afraid you people are misusing the trust system which may result in paralyzing the decentralized environment.