Posts tagged "theft"

Easy Come, Easy Go

Let’s start the new year off right: with bitcoins! When last we heard from our long-suffering friends, they were waiting for CaVirtEx to complete a transfer to a bank account.

So more stuff on trying to cash out of bitcoins and how “simple” it is.

Virtex responded to my friends ticket, and said yesterday said that the transfer that was fucking requested on the 18th, was cleared. However today my friend’s bank has not received a anything. So he calls them and apparently they can’t deal with this over the phone and will only help him if he puts in a ticket. Even though he pointed out that it takes them a week to respond to tickets.

Also my friend decided to try and just sell 2 of his bitcoins on localbitcoins through their online escrow because apparently people keep telling him e-transfers are safe, because interac e-transfers cannot be reversed! So perfectly safe! Yesterday he accepted an e-transfer and was able to add the money to his account and release the escrow.

Then this morning apparently he was notified by his bank that his account and all associated cards are frozen, and he must come into his local branch and speak to someone. They apparently wouldn’t explain why over the phone. Apparently the person he spoke to had some idea of what bitcoins were (negativeman-55f), and after explaining how he sold them. The guy apparently explained that:

- Selling stuff online and using e-transfer for payment apparently violates some part of interac’s terms of service.
- The e-transfer he accepted was fraudulent so it was reversed (i thought it wasn’t reversible!)
- His account is to be unfrozen but he is permanently banned from ever using e-transfers again

It is funny because all the “low” risk methods of selling on localbitcoins, are terrible that nobody really uses. I love how many people messaged me about how safe localbitcoins are.

Nobody here is shocked in the least. More about the local bitcoin sales and the trustworthy individuals involved with them:

Pretty much all the methods of payment on localbitcoins are ether unsafe, or terrible from what i can tell. The two exceptions are cash (we know how well that worked out), or a cash deposit (pretty massive pain in the ass), which both are pretty inconvient.

However localbitcoins lists some other payment methods, and ranks them on “low”, “medium”, or “high” risk. The low risk includes well known and “trustworthy” payment services like EGOPay, OkPay, and Perfect Money. Ironically there is also Western Union, a service which bitcoiners declared bitcoin will kill off. The funny part is, nobody uses the low risk payment methods really, because they are all a massive pain in the ass.

Pretty much all the people on Localbitcoins (and there really is not very many in Canada, less than 200 including people who have not logged on in a month), want you to use something like e-transfers, wire transfers, paypal, etc. Which are all not safe at all. Since one party can cry fraud and boom, you loose your money and they walk off with the bitcoins. Well obviously the best solution is to let your feedback/reputation dictate if your a scammer or not. I see this everywhere:

quote:
If your LocalBitcoins profile has less than 10 confirmed trades or at least 1 negative feedback then you must send/release Bitcoins first.

quote:
Unless you have a feedback rating of 10 or higher, coins will be sent to me first direct to my receiving address. If you have a feedback of 10 or higher then we may use the escrow system (although I will pay 0.5% more if you send it direct).

quote:
Because of our established credibility, if you have a feedback score below 10 we’ll require the BTC to be sent first, either directly to our receiving address or released via trade request.

emot-smugdog Fuck you pleb, escrow is only for us captains of the industry emot-smugdog

OKPay: Does Localbitcoins even know that OKPay does not allow people to use their service for selling crypto-currencies?

quote:
Please note that due to the card issuer bank restrictions OKPAY Card order and funding becomes impossible if you perform operations related with crypto-currencies or crypto-currencies exchange.

Our financial provider for GBP bank transfers restricts further usage of funds for purchasing or exchanging crypto-currencies.

Link

If you look around there is some nice whining from people that OKPay has cancelled and closed their accounts for selling bitcoins. But you know, its “low risk”.

Perfect Money: A virtual wallet service, that nobody seems to use. You need to make an account, get verified, get the money into your account, then wait 3-5 days for the transaction to be approved they also apparently do not allow you to withdraw all your money in one shot and you must keep a minimum balance of 300$ at all times. Also from what i can gather the only way to send money is by sending someone an e-voucher. There is no way to verify the value of an e-voucher, nor is there a way to reverse it. So of course this means that all the buyers want you to send them the bitcoins first then they will send you the voucher and not disappear. Apparently only 3 people on localbitcoins is willing to use this method.

Ego Pay: Some sort of virtual online wallet service. Requires you to become verified to withdraw money from there. Also there is some really sketchy stuff in their terms and conditions:

quote:
EgoPay reserves the right to terminate accounts that act as unauthorized e-currency exchangers and all of the related accounts.

Would selling bitcoin count as an e-currency exchanger? I don’t know i can’t find a single post about someone using EGOPay. However the single most stupid thing about Ego Pay is:

quote:
EgoPay account holders can withdraw funds from EgoPay by using Payza or e-currency exchangers. Times to complete a withdrawal may vary due to security reasons, please visit our FAQ for current information.

So let me get this straight, Ego Pay doesn’t even let you withdraw money to your bank account. You need to withdraw it to another FUCKING SITE? Don’t forget no fees*(only 2.5% for deposit/withdrawal).

So? Bitcoin -> Localbitcoins -> Ego Pay -> Payza -> Bank -> Fiat

staredog.001

Western Union: Aside from the fact that all of the buyers expect you to be responsible for 7% fee even though they are already paying you much less than the “actual” price (aka whatever exchange has the highest price, bitcoiners claim thats the value of bitcoins). There are only 38 users willing to buy, and only 18 of them have logged into localbitcoins in the last 7 days. Furthermore, some of the buyers will not deal with you for western union UNLESS you send them the coins FIRST. Aka no escrow.

quote:
Unless you have a feedback rating of 10 or higher, coins will be sent to me first direct to my receiving address. If you have a feedback of 10 or higher then we may use the escrow system (although I will pay 0.5% more if you send it direct).

I am sorry i simply cannot trust people on localbitcoins when the entirety of their forum consists of users crying about getting scammed, by people who are supposed to be reputable. I love how bitcoiners dance between “DONT TRUST ANYONE”, to “trust me with your 20,000$ exchange, i swear i won’t scam you cause i have a whole 20 feedback”.

Don’t you guys see how great and simple these “low” risk methods are? Honestly buying and selling bitcoin has never been easier.

Clearly LocalBitcoins could benefit from BitcoinTalk’s big red “SCAMMER” tags. That way you’d know not to send your bitcoins directly to someone’s receiving address before they consider paying you real money for them.

35 comments - What do you think?
Posted by killhamster - January 6, 2014 at 8:00 am

Categories: Buttcoin, Crime, Editorial, Featured   Tags: , , , , ,

Silk Road replacement “Project: Black Flag” closes up shop, owner thanks everyone for the free coins

After the Silk Road got shut down by the Feds, many replacements popped up, all vying to take their place at the top of the illegal drug trade pile. One of these sites was Project: Black Flag.

Black-Flag-screenshot

 

 

 

Launched on 14th October 2013 not much was known about this project only that its aim was to be a replacement for Silk Road and is run by a character known as “Metta Dread Pirate Roberts” who appears was not involved in the running of the old site but is building a new site in its image with same policy’s and features meaning no weapons, counterfeits or stolen goods. MettaDRP may have had access to Silk Road’s old DB or source code.

Well, our good pirate friend just made off with all the booty! Yarrrrrr!!

 

project-black-flag

 

Thanks for the coins suckers! You’re on your own now.

I don’t know how these idiots keep falling for it again and again.

Don’t worry though, some anonymous internet tough guys are on the case!

This comment comes from the thread.

I know everything.

I know who you are. More specifically, I know your consumer IP address, your name, your age, and your place of birth. You have not configured your Tor correctly, by the way.

I was able to gain access to the server shortly after you put it up.

I know you used an Ubuntu machine running Apache 2.2.22 on port 4986, binded to 127.0.0.1. Binding to localhost doesn’t magically solve all your security problems, by the way.

I know you used an outdated version of phpMyAdmin to access the PBF database and perform searches and maintenance tasks. I know had set up a crontab to periodically curl http://ajd4yqq7ngzmqo3p.onion/cron.php. I know you also set up testing scripts on multiple occasions, at http://ajd4yqq7ngzmqo3p.onion/tt.php(PHPCoinAddress test) and http://ajd4yqq7ngzmqo3p.onion/ttt.php (pathetic code with a very insecure method of “tumbling” coins).

More importantly, I know you exported the “sr” database in phpMyAdmin right before the purge. And I know you backed up www.tar.gz to http://ajd4yqq7ngzmqo3p.onion/www.tar.gz. Unfortunately for you, both of these dumps are in my possession.

I recorded all transfers you sent through the bitcoind RPC interface. I have not yet filtered these transactions but it should not be difficult.

Some of the addresses: – 1ABkVAMaLZZFZ4w4zWqTYZnLZBXTfYLKBh – 19YrMzTFJBBvDpv43Bi9nbTPewY7jLqdTK – 1PfDu6ki4XLd7TPBJjih6wY3yzyBaG1h6N – 15Bvuuzu4LtaDc5HKHzK4YCK8TqEftgRVR – 14YpbZ49oqq6pss28WJnjBvQDXhNSGrYXL – 1Ns3GvhgeP8uK6ht3xzZC64xUaZVwygX2y

The database dump I downloaded contains these tables: – orders – users – market – items – messages – navigation – wallets – feedback – bonds – bookmarks

You have 24 hours to respond to this post. If this post is deleted, I will take it personally.

I’m sure that IP will do a lot of good when you tell the cops that some dude stole your money from drug buying website. Chief Wiggum will get right on that!

9 comments - What do you think?
Posted by Buttcoin - October 29, 2013 at 5:01 pm

Categories: Buttcoin, Featured, Scams   Tags: , , , ,

Bitcoiners fall for yet another blatantly obvious scam

I would like to introduce to you the “Cryonic FrostBit? Bitcoin Miner,” a device so revolutionary in the world of computing that its innovations could only be put to proper use in a bitcoin miner.

Read more…

14 comments - What do you think?
Posted by killhamster - June 1, 2013 at 5:29 pm

Categories: Buttcoin   Tags: , , , , ,

The Greatest Story Never Told

papamoi wants to mine bitcoins, and badly. In March he started asking around for info on some serious butt-mining hardware, looking for ASIC arrays and “super servers” that would feed his need for unbridled wastefulness. BFL wasn’t shipping, Avalon was only sending out orders in batches, and nobody else was producing comparable hardware, and his search had him running in unfulfilling circles until he found Liquid Nitrogen Overclocking.

Our story’s hero pestered the guys at Liquid Nitrogen Overclocking about building a custom mining server, and they responded that they could build him something that provided 1.7 terahashes of bitcoin-mining waste. Of course, he wanted proof, and they gave him the run-around several times, responding with jargon, claims of NDAs, and even appearing to confuse gigahashes with gigahertz. All the while papamoi has been scouring the BitcoinTalk forums for chips, PCB designers, and other high-performance hardware, to no avail.

Our intrepid hero was put off, but then the Liquid Nitrogen Overclocking team said the magic word: “Google.” Apparently Google has been buying “super servers” from Ed Trice in Philadelphia, instead of major, well-known manufacturers such as Dell, HP, or IBM. Lured in by the promise of amazing Google-caliber hardware, papamoi continued, and was surely happy to find that Google was totally cool with the fellows at Liquid Nitrogen selling some pubbie their exclusively designed servers.

Read more…

1 comment - What do you think?
Posted by killhamster - April 29, 2013 at 2:43 pm

Categories: Buttcoin   Tags: , , , , ,

The Buttgem

ATTENTION: BUTTCOIN.ORG HAS STOLEN THE BITGEM

buttgem

IT IS NOW THE BUTTGEM. WE WILL ONLY RELEASE IT FOR ONE MILLION COSBYCOINS, ASSOCIATION WITH KIM DOTCOM, AND ONE MOVIE THEATER SERVING 20 VARIETIES OF SODA AND SHOWING FAN-MADE EPISODES OF DISNEY’S “TALESPIN.”

IF YOU DO NOT MEET OUR DEMANDS, WE WILL DELETE THIS WALLET WITHOUT MAKING A BACKUP.

2 comments - What do you think?
Posted by killhamster - January 28, 2013 at 10:45 am

Categories: Buttcoin   Tags: , , , ,

This is what Bitcoiners actually believe

Following are dozens of quotes, mostly dredged from reddit and Bitcointalk.

 

  • Sure, but it beats verifying all the transactions by hand like they did in the old days of quaint paper money, hahaha those poor bastards with their ”cash registers” and shillings and whatnot.
  • I love this. People who try to make points like this against bitcoin don’t seem to realize how infantile cash and banking systems are in comparison.
  • this is governments going OMG/WTF bitcoin is real–it’s a strong currency in the midst of our little currency war. All currencies are competing to devalue, simultaneously. BTC isn’t. This is like prohibition; as soon as inflation picks up, the masses will come.
  • Using Xbox or PS3 to mine coins? Anybody tried this before? I know their GPU’s aren’t top of the line, but for people like me who don’t game much they could be going to much better use.
  • I don’t think we are near the peak either. It’s fascinating to watch bitcoin grow, evolve and get its financial tentacles all over things.

Read more…

6 comments - What do you think?
Posted by killhamster - January 24, 2013 at 8:00 am

Categories: Buttcoin   Tags: , , , , , , , , ,

Bruce Wagner ADMITS to the hacking of MyBitcoin.com

Someone just sent this into my inbox. Apparently this is video that was accidently broadcast 2-3minutes before the beginning of the Bitcoin show. It’s obvious Bruce didn’t know the camera was broadcasting out during this conversation.

 

7 comments - What do you think?
Posted by Buttcoin - September 4, 2011 at 12:10 pm

Categories: Buttcoin   Tags: , , , , , , , , ,

Users are revolting, want to find Mt. Gox owners to “sort something out”.

Uh-oh, looks like all the buttcoin miners with hundreds of bitcoins and thousands of dollars trapped in Mt. Gox aren’t happy with the endless delays and the murmurs of them waiting until the weekend to close up shop, take take the money and run.

At least one guy is being pro-active about the sitution.

yous gots some problems, see?

Looks like someone’s gonna get got.

Forums member c-rock can read between the lines though.

offer he can't refuse

This is going to get real ugly real fast folks.

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Posted by Buttcoin - June 24, 2011 at 10:13 pm

Categories: Buttcoin   Tags: , , , , , , , ,