Bitcoin Forum
June 28, 2017, 05:56:29 AM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: What is your personal trust level opinion of Bitscalper?  0 = no trust 10 = highest trust.    (Voting closed: February 08, 2012, 05:54:19 AM)
10 - 5 (4.1%)
9 - 2 (1.6%)
8 - 3 (2.5%)
7 - 5 (4.1%)
6 - 7 (5.7%)
5 - 13 (10.7%)
4 - 5 (4.1%)
3 - 7 (5.7%)
2 - 11 (9%)
1 - 14 (11.5%)
0 - 50 (41%)
Total Voters: 121

Pages: [1] 2 3 »  All
  Print  
Author Topic: Bitscalper.com Threat Level  (Read 3832 times)
stochastic
Hero Member
*****
Offline Offline

Activity: 532


View Profile
January 29, 2012, 05:54:19 AM
 #1

As posted here.  What is your trust level of bitscalper.com.  I think this idea of putting levels of trust around services that use Bitcoin is a good idea.  I changed it to a "Trust Level" instead of "Threat Level" to make it more positive.  Maybe a service can or is being made to do this exact thing.  

If you say it has a low threat level then explain why you feel so.  

If you feel it has a high threat level then explain how they or someone else could gain your trust.

Introducing constraints to the economy only serves to limit what can be economical.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
bittenbob
Hero Member
*****
Offline Offline

Activity: 560


View Profile
January 29, 2012, 05:58:58 AM
 #2

0 - I don't trust assholes

Especially when their stories don't add up. If they were trading with the volume they said all exchanges would equalize instantly. He continues to insult everyone and that should give you some insight into what type of a business person he is.
Coinabul
Hero Member
*****
Offline Offline

Activity: 588


Coinabul - Gold Unbarred


View Profile WWW
January 29, 2012, 06:07:58 AM
 #3

"Give me your coins and I'll make you rich!"

Too good to be true?
I think so.

Coinabul.com - Gold Unbarred
Website owners, let me put my ads on your site! PM me!
stochastic
Hero Member
*****
Offline Offline

Activity: 532


View Profile
January 29, 2012, 06:10:29 AM
 #4

For the record this thread is not an attack on bitscalper.  It is an honest attempt to gauge the trust in bitscalper.

I rated them at 5.  I don't have a lot of trust in them, but I hope they are not a scam and I think they can improve.  Everything has risks and giving your money to someone with a high risk but low reward is not good sense.  If they had a Trust Level of 7 or 8, I think their current rate of return would allow me to put my money there.

Other things I don't trust them on is their business model.  How long will it last?  What happens if they lose money, will I also lose money?  Do I still get compensated if their server goes down?  Those are questions that they should address.

Trust is not set in stone.  If those things are addressed then I would consider parking some bitcoins there for storage.

Introducing constraints to the economy only serves to limit what can be economical.
Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588


Hero VIP ultra official trusted super staff puppet


View Profile
January 29, 2012, 06:14:09 AM
 #5

If you feel it has a high threat level then explain how they or someone else could gain your trust.

  • Completely anonymous
  • No accountability
  • Reckless/careless handling of customer funds
  • Excuses own behavior instead of working to fix problems
  • Continuously pushes back dates with more conversations about new endeavors to sidetrack
  • Talks behind others' backs and lies

I do not trust his website, and although it pains me to say this (I was absolutely the last in my organization to agree, and I put up a very long fight about it too) I have no reason to believe he is not a scammer.

mav
Full Member
***
Offline Offline

Activity: 169


View Profile
January 29, 2012, 06:19:10 AM
 #6

0 - the service on offer is entirely feasible. The manner in which it has been offered is so opaque that it can't possibly be the service that they state to offer.
Sargasm
Member
**
Offline Offline

Activity: 112


View Profile
January 29, 2012, 06:31:59 AM
 #7

<shrug> I made a few coins, withdrew my balance.  The withdrawl took... uhm about 10 hours.  58btc.  Letting my little nest of coins grow to see what comes of it.  No biggie either way.
bittenbob
Hero Member
*****
Offline Offline

Activity: 560


View Profile
January 29, 2012, 06:35:05 AM
 #8

I think we all know who voted 10.
Sargasm
Member
**
Offline Offline

Activity: 112


View Profile
January 29, 2012, 06:36:46 AM
 #9

6
Sargasm
Member
**
Offline Offline

Activity: 112


View Profile
January 29, 2012, 06:37:29 AM
 #10

Ooooohhhh.

Yes. You're probably right.
xepera
Jr. Member
*
Offline Offline

Activity: 54


View Profile
January 29, 2012, 10:41:58 AM
 #11

6

If there comes more proof from Mr. Bitscalper i'll probably put more BTC back in there. By now i got my money out of there.
chsados
Hero Member
*****
Offline Offline

Activity: 652



View Profile
January 29, 2012, 10:50:05 AM
 #12

<shrug> I made a few coins, withdrew my balance.  The withdrawl took... uhm about 10 hours.  58btc.  Letting my little nest of coins grow to see what comes of it.  No biggie either way.

if you want to throw away bitcoins send them my way, they could really help with groceries and rent!  Grin
Bro
Full Member
***
Offline Offline

Activity: 218



View Profile
January 29, 2012, 11:34:08 AM
 #13

obviously zero
Vandroiy
Legendary
*
Offline Offline

Activity: 1036


View Profile
January 29, 2012, 12:33:42 PM
 #14

obviously zero

I'm working on a formalization of trust for Bitcoin software products. If defined as a measure of how much I trust someone with, trust of an unknown party should be either exactly zero or some communication minimum epsilon-like thing that is really very small. Much smaller than 1 BTC in any case. Otherwise, we invite scammers, which is not a good idea.

I have no information about Bitscalper on which I would base trust, so I voted 0. That's not an insult, just the formal response that I know nothing about them, and therefore would not give them my coins.
bracek
Hero Member
*****
Offline Offline

Activity: 530


View Profile
January 29, 2012, 12:51:34 PM
 #15

1

benefit of the doubt Smiley
Ente
Legendary
*
Offline Offline

Activity: 2014



View Profile
January 29, 2012, 01:00:02 PM
 #16

<1>

1) Show us, or a trusted member, that a working infrastructure exists
    (in fact I bet some parts of it are GPL, so *have* to be published anyway!)

2) Show exactly what is going on: Gained %, total invested sum etc

3) Then, list what exactly is going on: "10:51 buying at MtGox x$ for y$/BTC, 10:52 selling at Tradehill a$ for b$/BTC"


Then, with 1-3 visible, I at least trust you that you do what you claim to do.
This is not to say I immediately trust you to not run away with the whole sum eventually.
Only time (and transparency) can esthablish that trust. And that is totally out of the picture if 1-3 are not there first.

Ente

bitscalper
Member
**
Offline Offline

Activity: 70


View Profile
January 29, 2012, 02:11:46 PM
 #17

I offered Matthew to eventually verify part of our codebase and waiting for someone from the trusted members pool to contact me. Withdrawals are processing correctly.
rebuilder
Legendary
*
Offline Offline

Activity: 1618



View Profile
January 29, 2012, 03:18:21 PM
 #18

1. I guess I always want to have the option of having an even lower opinion of something.

Actually I'm pretty neutral about it. No trust sums it up, but I think you can go lower than that, into active distrust. There is a difference...

Maybe the scale should be more like:

5: implicit trust.

0: no trust.

-5: It's a scam.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
---------------------------------------------------------------
Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588


Hero VIP ultra official trusted super staff puppet


View Profile
January 29, 2012, 03:22:21 PM
 #19

1. I guess I always want to have the option of having an even lower opinion of something.

Actually I'm pretty neutral about it. No trust sums it up, but I think you can go lower than that, into active distrust. There is a difference...

Maybe the scale should be more like:

5: implicit trust.

0: no trust.

-5: It's a scam.

+1

That's a good way to go I think.

naima53
Hero Member
*****
Offline Offline

Activity: 616



View Profile
January 29, 2012, 03:38:54 PM
 #20

my humble 2 cents ... SCAM SCAM SCAM AGAIN AND SCAM. If I'm wrong - where is the source code of the algorithm? (well, at least about how it works ...example ..??)  I know how to scalp for a small sum, but it is not possible to do with 500, 1,000, and more ...

Donate me) 16f6iWHHkVEnDReeBQPT9GwCNwUfPTXrp2
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!