[Wallets Stolen By Hackers][We're Sorry][Contact Anon136 For Escrow]

[TheMightyX]

Why you guys don't contact theymos and ask both dev's IP history and seriously no one tried to check if their name and number is correct or not?

Copy of OP is here
https://bitcointa.lk/threads/pos-edgecoin-marketplace-gambling-advanced-wallet-ipo-stage-2-20-days.289952/

That's what I was thinking. Easy for a mod to give out the IP address's of the account. If indeed there is an FBI investigation then will want this information.

I've contacted the admins before about previous scams and they are unwilling to do anything about it.

The funny thing is because they are allowing these scams to happen they are partly liable and could be sued in a court of law. All though not aiding and abetting a criminal act they are willfully ignoring crimes which can put them in some hot water if enough people group together to form a class-action lawsuit (which in my opinion they should).

heres an excerpt from http://www.ericgoldman.org/writings/websiteliabilityalert.htm on website liability :

4.         Other Claims. Until the scope of the Communications Decency Act’s safe harbor is more fully understood, the range of potential claims against websites is impossible to define. If the safe harbor defense is not available, websites will need to develop other defenses, if they can, against claims for user-caused harms and attendant claims that the website knew of the harm and failed to take reasonable actions to prevent or remedy the harm.

I'd like to start a petition soon but I'm still compiling data. If I can get everyones support I believe we can make this community a better place by imposing a set of community regulations that we can all agree on (like mandatory escrow, no self-moderated ANN threads, etc).

The first step will be to organize all the data of the most recent scams, how many people were scammed, how much money, etc.
Then create a thread explaining the situation, what we want to do about it, and put it to a vote.

If we can steer everyone to that thread and vote we might be able to force some positive change.

Can I get a show of support of how many would consider signing a petition/vote?

[sonysasankan]

I trust u.

We are the same. I think no body will believe u again.But keep going.

Aren't you that scammer who stole everyone's money by running that pool?

[sonysasankan]

So why did some people not use escrow? What was the reason for it?

Escrow fees.

How much it was btw?  1% right?
5$ to keep 500$ safe is not bad at all and I'm not sure why investors were paying escrow fees, they should have demanded escrow service from dev on his own expense.

In H2O Coin's IPO Dev paid escrow fees.

i think ppl just be lazy and not familiar with escrow.

I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low.

Requiring a PM with the tx id and a receiving wallet address should be more than enough security.
You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee).

You might consider adjusting your terms.

The next potential scam we have is Alter Ego Coin.... who is fond of saying "if you want escrow, then you go ahead"  and other such red herrings when asked proper questions. I've been "trolling" their thread for a few days now

[Jonesd]

So why did some people not use escrow? What was the reason for it?

Escrow fees.

How much it was btw?  1% right?
5$ to keep 500$ safe is not bad at all and I'm not sure why investors were paying escrow fees, they should have demanded escrow service from dev on his own expense.

In H2O Coin's IPO Dev paid escrow fees.

i think ppl just be lazy and not familiar with escrow.

I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low.

Requiring a PM with the tx id and a receiving wallet address should be more than enough security.
You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee).

You might consider adjusting your terms.

The next potential scam we have is Alter Ego Coin.... who is fond of saying "if you want escrow, then you go ahead"  and other such red herrings when asked proper questions. I've been "trolling" their thread for a few days now

Nice one. I'll warn some people as well

[MairaObergh]

I really think the best thing to do is to invest on something true when it's live, like Nemcoin. Or even ethereum. Stop gambling in these iffy coins.

[TheMightyX]

I really think the best thing to do is to invest on something true when it's live, like Nemcoin. Or even ethereum. Stop gambling in these iffy coins.

But if we didn't gamble on iffy coins, how would we become NXT millionaires?

[Anon136]

So why did some people not use escrow? What was the reason for it?

Escrow fees.

How much it was btw?  1% right?
5$ to keep 500$ safe is not bad at all and I'm not sure why investors were paying escrow fees, they should have demanded escrow service from dev on his own expense.

In H2O Coin's IPO Dev paid escrow fees.

i think ppl just be lazy and not familiar with escrow.

I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low.

Requiring a PM with the tx id and a receiving wallet address should be more than enough security.
You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee).

You might consider adjusting your terms.

its not that. thats not why i personally require people to have their private keys. i do it because it allows me to use the blockchain its self for all of my accounting and thus cuts my workload atleast in half. that allows me to offer lower prices and services more customers in total.

[Jonesd]

So why did some people not use escrow? What was the reason for it?

Escrow fees.

How much it was btw?  1% right?
5$ to keep 500$ safe is not bad at all and I'm not sure why investors were paying escrow fees, they should have demanded escrow service from dev on his own expense.

In H2O Coin's IPO Dev paid escrow fees.

i think ppl just be lazy and not familiar with escrow.

I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low.

Requiring a PM with the tx id and a receiving wallet address should be more than enough security.
You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee).

You might consider adjusting your terms.

The next potential scam we have is Alter Ego Coin.... who is fond of saying "if you want escrow, then you go ahead"  and other such red herrings when asked proper questions. I've been "trolling" their thread for a few days now

Nice one. I'll warn some people as well

It was a scam as well. Well spotted!

[escrow.ms]

I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low.

Requiring a PM with the tx id and a receiving wallet address should be more than enough security.
You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee).

You might consider adjusting your terms.

I never said It's a mandatory requirement, you can check my other IPO's Most investors didn't sent any keys to me, If it's hard use can send funds and ask escrow provider about it. But I will sure remove that requirement from future escrow upon one condition which is, if user wants refund he need to prove that he sent those funds from his wallet.

Most escrow providers encourage users to send funds from their own wallet due to security and for refund process. (Ie: If some investors account got hacked, he can simply ask escrow provide to give refund on different address)

In this IPO,I think main issue was fees.. (Anon136, please don't mind) which was..

My fees are 0.02BTC or 0.9% which ever is greater and it will be taken off the top when ever i release or refund those coins.

If some investor wants to send 0.1 btc, 0.02 BTC is too much.
https://blockchain.info/address/1KFtdiVELBcaVtaueqf8RJBkoZnjHbshKA

[Anon136]

I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low.

Requiring a PM with the tx id and a receiving wallet address should be more than enough security.
You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee).

You might consider adjusting your terms.

I never said It's a mandatory requirement, you can check my other IPO's Most investors didn't sent any keys to me, If it's hard use can send funds and ask escrow provider about it. But I will sure remove that requirement from future escrow upon one condition which is, if user wants refund he need to prove that he sent those funds from his wallet.

Most escrow providers encourage users to send funds from their own wallet due to security and for refund process. (Ie: If some investors account got hacked, he can simply ask escrow provide to give refund on different address)

In this IPO,I think main issue was fees.. (Anon136, please don't mind) which was..

My fees are 0.02BTC or 0.9% which ever is greater and it will be taken off the top when ever i release or refund those coins.

If some investor wants to send 0.1 btc, 0.02 BTC is too much.
https://blockchain.info/address/1KFtdiVELBcaVtaueqf8RJBkoZnjHbshKA

That's how much I value my time. The amount they send doesn't effect the amount of time it takes to process their order and handle the necessary customer service and it doesn't change how much I value my time.

[Gingermod]

I will have to agree. Anon and escrow.ms you might be turning some people away with your requiring private keys. Some people are noobs and don't understand how things work. It's also a moot point, because we are not talking about shitloads of money per person here. So the chances of someone hacking their bitcointalk account just for that .1 to 2 BTC is rather low.

Requiring a PM with the tx id and a receiving wallet address should be more than enough security.
You could also let people opt-in to withdrawal only by private key proof. That way those who are investing more can choose a hightened security (and pay a higher fee).

You might consider adjusting your terms.

I never said It's a mandatory requirement, you can check my other IPO's Most investors didn't sent any keys to me, If it's hard use can send funds and ask escrow provider about it. But I will sure remove that requirement from future escrow upon one condition which is, if user wants refund he need to prove that he sent those funds from his wallet.

Most escrow providers encourage users to send funds from their own wallet due to security and for refund process. (Ie: If some investors account got hacked, he can simply ask escrow provide to give refund on different address)

In this IPO,I think main issue was fees.. (Anon136, please don't mind) which was..

My fees are 0.02BTC or 0.9% which ever is greater and it will be taken off the top when ever i release or refund those coins.

If some investor wants to send 0.1 btc, 0.02 BTC is too much.
https://blockchain.info/address/1KFtdiVELBcaVtaueqf8RJBkoZnjHbshKA

Better to risk a little money rather than a lot

[Gingermod]

Why you guys don't contact theymos and ask both dev's IP history and seriously no one tried to check if their name and number is correct or not?

Copy of OP is here
https://bitcointa.lk/threads/pos-edgecoin-marketplace-gambling-advanced-wallet-ipo-stage-2-20-days.289952/

That's what I was thinking. Easy for a mod to give out the IP address's of the account. If indeed there is an FBI investigation then will want this information.

I've contacted the admins before about previous scams and they are unwilling to do anything about it.

The funny thing is because they are allowing these scams to happen they are partly liable and could be sued in a court of law. All though not aiding and abetting a criminal act they are willfully ignoring crimes which can put them in some hot water if enough people group together to form a class-action lawsuit (which in my opinion they should).

heres an excerpt from http://www.ericgoldman.org/writings/websiteliabilityalert.htm on website liability :

4.         Other Claims. Until the scope of the Communications Decency Act’s safe harbor is more fully understood, the range of potential claims against websites is impossible to define. If the safe harbor defense is not available, websites will need to develop other defenses, if they can, against claims for user-caused harms and attendant claims that the website knew of the harm and failed to take reasonable actions to prevent or remedy the harm.

I'd like to start a petition soon but I'm still compiling data. If I can get everyones support I believe we can make this community a better place by imposing a set of community regulations that we can all agree on (like mandatory escrow, no self-moderated ANN threads, etc).

The first step will be to organize all the data of the most recent scams, how many people were scammed, how much money, etc.
Then create a thread explaining the situation, what we want to do about it, and put it to a vote.

If we can steer everyone to that thread and vote we might be able to force some positive change.

Can I get a show of support of how many would consider signing a petition/vote?

I'll do whatever it takes to clean this fucking place up.

People should also be aware of a few things.

I have not played with this website a lot but: https://bitiodine.net/
You can link and batch wallet addy's from this web site.
I'm sure it will make things much easier for the FBI, IRS or anybody that wants to compile a list of wallet addy's that are connected.

If anybody is stupid enough to think they cannot be found by using BTC or any Crypto is just that - STUPID.

Also, there is a website about to launch: http://www.shitcoins.info

I can't wait to start listing Scam/Shit Coin's here.
This also means that we'll have back-up when informing people that it is a scam.


I learned A LOT from EDG scam and I will be a LOT more careful in the future - Live and learn but...
I'll still keep looking for this little fuck.
I know s/he is reading this and probably even posting here, still.
You can only hide for so long.......

---------------------------------------------------------------------------------------

BitIodine.net

BitIodine.net

Wow, that website looks very nice! I hope it lives up to its message, too many crappy coins flooding the market.
I'm very sorry you lost what I am assuming is a large amount to this scam.

It pains me to say, but the FBI and/or interpol simply doesn't care about cryptocurrencies and that's the way it's supposed to be; for better and for worse. Only in situations of money laundering, identity theft, phishing, viruses, credit card theft, etc will the FBI get involved. The IRS has classified Bitcoin as property for taxation purposes and FinCEN regards it as a currency for regulatory reasons.

I assure you, no one but yourself has the opportunity to regain your money and bring justice to those who destabilize this community!
Adding to this I am all for the anti-shitcoin revolution and would love to join you in defeating the cynical forces that thrive on innocents.

[sonysasankan]

I really don't think any of those sites are going to have any impact on cleaning this mess. As long as stupid people exist, shitcoins will hold value. You cannot expect innovation to be considered valuable by those that do not understand them or care to. That's like an atheist preaching to the choir boy. There is no "enlightenment" awaiting them with proper information, simply because you are assuming they value shitcoins because of some sort of misinformation they received and you can correct that my providing proper information.

[BitsBitsBits]

The daily income of new altcoins is spreading like a disease, slowly taking off market cap of bitcoin and litecoin day by day.

Only the innovative and new idea coins are worth looking into, really.

[Jonesd]

The daily income of new altcoins is spreading like a disease, slowly taking off market cap of bitcoin and litecoin day by day.

Only the innovative and new idea coins are worth looking into, really.

I agree! I'm starting a foundation to help strengthen a small selection of coins and work as a community to strengthen the image of altcoins in general. Might be worth looking into:

https://bitcointalk.org/index.php?topic=576714.0

[Untitled87]

someone just gave him $46 bucks.

[jly77]

You have to release the coin as you promised.
We all payed the IPO!!!
Now at your part you must release the wallet!!!

I don't think you know how theft works.

+1. This shit coin is so obvious a scam ! Can't believe so many people "invested" it.

[Nxtblg]

I really don't think any of those sites are going to have any impact on cleaning this mess. As long as stupid people exist, shitcoins will hold value. You cannot expect innovation to be considered valuable by those that do not understand them or care to. That's like an atheist preaching to the choir boy.

Or the choir boy preaching to the atheist.

[Gingermod]

I really don't think any of those sites are going to have any impact on cleaning this mess. As long as stupid people exist, shitcoins will hold value. You cannot expect innovation to be considered valuable by those that do not understand them or care to. That's like an atheist preaching to the choir boy.

Or the choir boy preaching to the atheist.

Here we go...

[mileva]

How great of a lie!