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Author Topic: Multibit turned out to be a scam  (Read 4042 times)
cosmofly (OP)
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April 10, 2014, 01:50:22 AM
 #1

Everything surronding Bitcoin is a scam, and you wonder why people lost confidence
http://www.coindesk.com/multibit-user-loss-high-need-bitcoin-wallets/

solex
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April 10, 2014, 01:57:43 AM
 #2

So Bitcoinland is a kind of binary universe where everything is either 100% perfect or 100% scam.

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April 10, 2014, 01:59:32 AM
 #3

Quote
“I do work full time, but I do not make a large sum of money, and with the new addition to our family back on 20th March, money is very tight.”
Wetseals needs to think about the wellbeing of his family when he decides to keep value in bit coin. He shouldn't have much stake in it if "money is very tight".

Don't be stupid and put lots of money you can't afford to lose into Bitcoin which is needed to support your family.


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irrational
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April 10, 2014, 02:05:56 AM
 #4


Don't be stupid and put lots of money you can't afford to lose into Bitcoin which is needed to support your family.

I agree to a point, but isn't Bitcoin supposed to be "over throwing fiat"? I mean, when I deposit cash in my bank I don't think about the what-ifs of if the bank went belly up. And, if Bitcoin is supposed to be better than this, then a simple wallet app losing his money is unacceptable. We should _at least_ have reliable wallets, and shouldn't have to second guess if the app itself is going to eat our coins.

That's my 2-cents from reading the article.
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April 10, 2014, 02:18:38 AM
 #5

So, what's the scam here?

BittBurger
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April 10, 2014, 02:19:23 AM
 #6

Uh...

Dear Captain FUD (Cosmofly)

There is absolutely *nothing* in that article that states MultiBit scammed anyone.

Nothing.

Owner: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
cosmofly (OP)
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April 10, 2014, 02:23:19 AM
Last edit: April 10, 2014, 04:27:14 AM by cosmofly
 #7

So, what's the scam here?

Developing unreliable software, claiming to be secure and the fastest wallet, that's being used by millions of people.

Then turns out the wallet actually loses your coins

Thats a scam in itself

And ask urself (especially if ur a delusional bitcoin nutter) is it any different from what mtgox did?

No

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April 10, 2014, 02:32:26 AM
 #8

So, what's the scam here?

Developing unreliable software, claing to be secure and the fastest wallet, that's being used by millions of people.

Then turns out the wallet actually loses your coins

Thats a scam in itself

And ask urself (especially if ur a delusional bitcoin nutter) is it any different from what mtgox did?

No

WTF are you doing in this forum?

rpg
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April 10, 2014, 02:34:39 AM
 #9

Everything surronding Bitcoin is a scam, and you wonder why people lost confidence
http://www.coindesk.com/multibit-user-loss-high-need-bitcoin-wallets/

no kidding. Although the vast majority of us are honest people, crypto world has more thief's then a dog has flees. It starts with pools injecting fake shares assigned to fake users, it continues to hardware manufacturers selling 50 cents chips for thousands of dollars and if that wasn't enough they mine while buyers wait for the delivery. Exchanges shorting using our coins into unsuspected buyers (hello gox, cryptsy). And this even before common criminals show up and steal wallets. But these are small potatoes compared with the theft that is going on my first examples. Our greed has allowed them to exist and that's why bitcoin will not be around much longer. Alts are already dead.... (good luck KNC scrypt buyers)
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April 10, 2014, 02:37:15 AM
 #10

Everything surronding Bitcoin is a scam, and you wonder why people lost confidence
http://www.coindesk.com/multibit-user-loss-high-need-bitcoin-wallets/

no kidding. Although the vast majority of us are honest people, crypto world has more thief's then a dog has flees. It starts with pools injecting fake shares assigned to fake users, it continues to hardware manufacturers selling 50 cents chips for thousands of dollars and if that wasn't enough they mine while buyers wait for the delivery. Exchanges shorting using our coins into unsuspected buyers (hello gox, cryptsy). And this even before common criminals show up and steal wallets. But these are small potatoes compared with the theft that is going on my first examples. Our greed has allowed them to exist and that's why bitcoin will not be around much longer. Alts are already dead.... (good luck KNC scrypt buyers)

Meanwhile the federal reserve has been fleecing us since 1913.  At least with bitcoin, the future is bright.

GigaCoin
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April 10, 2014, 02:38:30 AM
 #11

This is unfortunate, multibit was my favorite wallet not sure anymore

I am getting sick of all the bad news surrodingn bitcoin, it does seem to attract scammers and incompetant developers

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April 10, 2014, 03:55:50 AM
 #12

So, what's the scam here?

Developing unreliable software, claing to be secure and the fastest wallet, that's being used by millions of people.

Then turns out the wallet actually loses your coins

Thats a scam in itself

And ask urself (especially if ur a delusional bitcoin nutter) is it any different from what mtgox did?

No

WTF are you doing in this forum?

cosmofly is trying to save us from making bad decisions;
Perhaps his name should be "Nanny State."  Cheesy

jonald_fyookball
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April 10, 2014, 04:25:29 AM
 #13

So, what's the scam here?

Developing unreliable software, claing to be secure and the fastest wallet, that's being used by millions of people.

Then turns out the wallet actually loses your coins

Thats a scam in itself

And ask urself (especially if ur a delusional bitcoin nutter) is it any different from what mtgox did?

No

WTF are you doing in this forum?

cosmofly is trying to save us from making bad decisions;
Perhaps his name should be "Nanny State."  Cheesy

Is it just me or has anyone else noticed quite a few trollish accounts and even older accounts morphing into trolls

jc01480
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Nope..


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April 10, 2014, 04:39:07 AM
 #14

Something new is usually not survived by the weak.  This is certain.  My faith in the principles is unwavering.  I do believe.
Equate
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April 10, 2014, 04:45:22 AM
 #15

Bitcoin original wallet is the best.
seriouscoin
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April 10, 2014, 05:03:53 AM
 #16

So, what's the scam here?

Developing unreliable software, claing to be secure and the fastest wallet, that's being used by millions of people.

Then turns out the wallet actually loses your coins

Thats a scam in itself

And ask urself (especially if ur a delusional bitcoin nutter) is it any different from what mtgox did?

No

WTF are you doing in this forum?

cosmofly is trying to save us from making bad decisions;
Perhaps his name should be "Nanny State."  Cheesy

Is it just me or has anyone else noticed quite a few trollish accounts and even older accounts morphing into trolls

I suspect they're old bitcoiners that lost money to Gox.

I noticed some old bitcoiners just disappeared after Gox fiasco. One of them is known to have over 1000btc on Gox and just b4 Gox closed down he wired $55k to Gox "to buy cheap coins"

I would be surprised if Cosmofly is a loser whos now turned into a hater.

He cant stand the fact that others in bitcoin are doing ok but him.
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April 10, 2014, 05:17:36 AM
 #17

Trollish accounts have been an obvious part of the scene here since June 2011.
Adding disgruntled Goxers to the mix certainly doesn't help.

jonald_fyookball
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April 10, 2014, 05:34:35 AM
 #18

So, what's the scam here?

Developing unreliable software, claing to be secure and the fastest wallet, that's being used by millions of people.

Then turns out the wallet actually loses your coins

Thats a scam in itself

And ask urself (especially if ur a delusional bitcoin nutter) is it any different from what mtgox did?

No

WTF are you doing in this forum?

cosmofly is trying to save us from making bad decisions;
Perhaps his name should be "Nanny State."  Cheesy

Is it just me or has anyone else noticed quite a few trollish accounts and even older accounts morphing into trolls

I suspect they're old bitcoiners that lost money to Gox.

I noticed some old bitcoiners just disappeared after Gox fiasco. One of them is known to have over 1000btc on Gox and just b4 Gox closed down he wired $55k to Gox "to buy cheap coins"

I would be surprised if Cosmofly is a loser whos now turned into a hater.

He cant stand the fact that others in bitcoin are doing ok but him.


1000 coins on gox.   Sad my...oh my...

stokecrypto
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April 10, 2014, 06:07:40 AM
 #19

coindesk are terrible, seems more and more fud everyday, such an agenda!

one dude has a problem with his multibit wallet and they think its worth putting on coindesk to damage multibits credability.

my multibit wallet has always worked fine.
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April 10, 2014, 06:14:51 AM
 #20

Everything surronding Bitcoin is a scam, and you wonder why people lost confidence
http://www.coindesk.com/multibit-user-loss-high-need-bitcoin-wallets/

Even if every bit of that article is true, MultiBit is not a scam; a bug in the software at best.
Topic title should be changed to reflect this, don't mislead people.
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