This page has been archived and commenting is disabled.
Bitcoin Scammers Run Off With $12 Million: “Going to The Caribbean… Hope You Guys Understand”
Submitted by Mac Slavo of The Daily Sheeple
Bitcoin Scammers Run Off With $12 Million: “Going to The Caribbean… Hope You Guys Understand”
For the casual observer the underground online marketplace, often referred to as the DarkNet, seems to resemble the lawlessness of the Wild West. Over the last several years millions of dollars worth of digital crypto-currencies have been stolen, oftentimes by the very operators of the web sites tasked with managing the online digital “hot” wallets of its users. (A “cold” wallet is used to store crypto-addresses on your own Flash drive or can be written down on a piece of paper).
The most recent example comes to us from the “Evolution” Darknet, which according to a report from Crytpo Coins News shut down their web server and ran off with $12 million in user bitcoins:
Users of the popular darknet marketplace Evolution were disappointed over the last couple of days as the site has been unavailable. Spotty access is normally unsurprising for the market, and there is a long list of alternative URLs. But none of them have worked, so it appears the site is down.
Evolution has become much more active in the wake of the arrest and subsequent conviction of Ross Ulbricht, the operator of the first major darknet marketplace, Silk Road. Its operators do not have the same philosophical drive as did the Silk Road operator.
A user or users operating under the name Verto and Kimble appear to be the culprits responsible for transferring the funds out of the Evolution network. But the story doesn’t end there.
The operators of Evolution did leave a note for their users letting them know what happened to the money. As you might expect, the $12 million in bitcoins that have been disappeared will be shared among the former admins of Evolution, with the operator of the site claiming he’s headed to the Caribbean to enjoy his profits:
Due to unforseen events I decided to close down Evolution Marketplace. We want to thank you guys for you effort and help making this the most profitable and popular marketplace. This wasn’t an easy decision but due to other marketplaces getting shut down and the forum going downhill I decided to cut my ties and exit with an eight figure profit. The millions from evo will be divided up amongst the mods a few admin and members. Since this is such an abundance of money I may consider buy ins from former evo members in exchange for 1k bitcoinis. I’ll be around around for a short period of time before permanently moving to the caribbeans, I hope you guys understand.
Crypto-currencies like Bitcoin are gaining popularity across the world, but with the anonymity the provide the entire system remains open to unscrupulous brokers.
For those utilizing bitcoin and other crypto-currencies it is strongly recommended that they keep their funds in “cold wallet” storage to avoid broker shut downs and theft of “hot wallets” that are stored online.
- 73811 reads
- Printer-friendly version
- Send to friend
- advertisements -


Did he buy a bit island?
oh sure, off the caribbean. must live in asia.
This was a bust by the Feds. To discredit free markets
So...like a false Bitflag or sumpin?
Look at all the warnings before the bust on www.deepdotweb.com
Cut & paste it...I ain't clickin on it ;-)
If you don't hold your keys....
It was not a hack, just funds in escrow
Gloom, despair, and agony on me...
MiSh had a post on BitCoin the other day with this link; 80% of bitcoin volume is chinese yuan:
http://www.ft.com/fastft/289502
ABG baby!
Regards,
Cooter
Hmmm.
Internet gambling, drugs, and Chineee Laundry.
What could go wong?
But....But..... But where are all of the BitCoin Tards who used to populate ZH?
Between 2012-2014 they were everywhere.
A single word questioning stability or safety was met with hellfire.
Now, they all seem to be gone.
Go figure.
Wait, I thought BTC was completely secure though....
No counterparty risk they told me....
FUCK YEAH SATOSHI WE LOVE YOU!!!!!!!!!!!!!!!!!!!!!!!!
Free Fonestar!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
and Jon Corzine, while you're at it...
NidStyles: "Wait, I thought BTC was completely secure though.... No counterparty risk they told me...."
Your balls also bear no counterparty risk. Yet, if you hand them to someone else for custody, you risk an unpleasant outcome. This is exactly what happened in this case. If you don't hold your private keys you don't reaaly own "your" bitcoin.
We scammed some people.
ANOTHER brilliant idea......shot straight to hell.
Gold Pings, Bitcoin Zings(er)
Gold Bitchez.....I pick up pennies
Yes, I can't understand too why people can leave their bitcoins unsecured outside their personal wallets. The strength of bitcoins is exactly in private possession; anything else is inherently vulnerable to fraud or theft. If I buy bitcoins on exchange I hurry to transfer them to my wallet if not managed automatically.
SATOSHI is the only true god, and FONESTAR is his MESSENGER (praise be upon him)!
Only THEY gave us the true rules to live by...
(Oh. Wait. They changed their minds again. The Book is now written in the form of ones and zeros, which are only accesible by those with the Occult {secret, hidden} knowledge of computer programmers, CPA's who like to fudge numbers, and Banksters {blessings be upon them all for perpetuating the green ponzi religion}.)
For a TRUE copy of 'THE BOOK', go to the website 'voodoo-magick-scuba-in-aruba' dot com. My sister's roommate's boyfriend makes $78.32 an hour mining a secret stash of forbidden knowledge simply by letting his computer act as a wealth-generating device. To find out about this ONE weird secret, go to ww(w).SHITCOIN dot HAIFA/Alexandria/Londoncityof/Brussels. Operators are STANDING BY...
Sorry, 'RU-GAY2'. I'm NOT.
I'm 'gay' in the classical sense (happy, carefree, without a worry in the world'), though. I'm just not in to 'buttsex' (unless she really wants it; in which case,...).
btc is scam by essence, bitcoiners were dumbass witnesses.
You mean... you mean Fonestar was wrong? Bitcoin isn't safe? Oh no! Oh the humanity! Oh I'm shocked! Shocked I tell you! {Jonas Parker puts on his "shocked" face...}
no counterparty risk just like gold.
You mean you wouldn't rip everyone you know for $12 million in BTC? We would rip off our mothers for that many Bitcoins! Anyone who doesn't is not worthy of the cryptosphere!
Ph00000000000King g00fs on ZH don't GET IT!!!
This is why we PHUCKING LOVE BITCOIN because of all the hacking, the theft, the stealing, the crimeZ! This is teh Nectar of Virtual Life Bitchez!!
Read this:
http://debtcrash.report/entry/history-and-introduction
Mostly just how we got into this mess but good bitcoin stuff too.
Then this
http://debtcrash.report/entry/bitcoin-an-e-dollar-beta-test
Great follow up.
Yeah but I am sure glad I never sold any gold to buy into that nonsense. I just don't get the point. I wonder if bitcoin owners will soon wish they had zloty or seashells or somethin' like that.
You don't get the point because you're dumb, like the rest of 'em here...
FUCK YOU BITCH FONESTAR STILL UP IN UR SHIZ!!!!
Do you expect the same bitcoiners to repeat themselves over and over? I'd let you repeat yourselves as much as you like. I don't have much to add. Bitcoin is as stable and safe (or in some respects more so) than ever.
Yes Bitcoin is stable it is the digital currency called "dollar" that is not stable.
But....But..... But where are all of the BitCoin Tards who used to populate ZH?
Cool logic employed there bro. Say, when you are mugged by a gang of hoodlums, who beat you into a bloody pulp in the gutter before stealing the $400USD you had in your pocket, do you shake your fist at the USD or the thieves?
Any bitcoin I hold is accessable only by myself, which can't be said for any fiat I hold. That said, were I to transfer some of my bitcoin to an anonymous darknet drug market wallet to buy drugs, I am vulnerable to theft or scams. This situation is akin to buying drugs from the streets or participating in any black (aka free) market, but I guess the sort of person hating on bitcoin without even a basic understanding of it is likely to be the same close-minded flop who has never tried drugs, so I might be losing you there.
I would love to delve into the mind of the average bitcoin-hating zerohedger. That their zeal in decrying an inherently corrupt fiat monetary system is equalled by their aversion to an ingenious new system with the ability to supplant corrupt fiat systems (and so so fucking much more), leaves me equally fascinated and dismayed.
So you don't agree with this particular attempt to subvert government monopoly on currency, I can accept that, but why the antipathy?
A cynic might posit that the antipathy and fear of bitcoin in the zerohedge community stems from bitcoin's success being perceived incongruous with the zh pipedream of gold becoming the new global currency and all phyz holders waking up one morning as the new 1%. But then wtf do cynics know?
When the first Carrington Event of the so-called 'modern age' happens (and IT WILL), you will try to 'log on' and find a dead computer and no power to operate the SHITCOIN 'purse' thingie.
It'll be a REAL BITCH when you run out of food and fuel, you know; as your 'modern' flat and office cool down to outside temperature, and the food in the refigerator starts to spoil, and the toilet doesn't flush (washing your shit away) because the electicity has FAILED.
Mommy's basement will look REAL GOOD about then. It's warm and dry, and you can relax (and take the 'nerdpack' out of your shirt pocket, as well. Those unsightly INK STAINS on your chest soon will be a distant memory as you re-learn how to TRY to support your sorry, interdependent ASS). All the 'memes' and cutesy 'abbreviations' like 'WTF' and 'LOL' will have NO MEANING then, as your gut rumbles with hunger, and you shiver in the cold.
YOU are a fucked-up CITY BOI, I suppose, 'nailgunnin'.
I'm not a 'cynic'. I'm a REALIST.
SHIT HAPPENS.
You can't possibly try to play against those who COMPLETELY control the game by using the tools that they have provided.
You never thought about this aspect of REALITY, though.
Don't try to overcomplicate the matter. This is your FIRST mistake.
HE WHO DIES WITH THE MOST TOYS...
Is just as dead as the one who has the second-most.
Da toilet be usin lectricity?
Da water be pumped from da ground / reservoir somehow.
Usually with electricty from da power station which most likely is not protected from a solar flare, nor is da transmission lines, transformers, etc.
Unless one has a hand pumped well, pumps water into a jug, pours water into water tank in toilet then flushes will toilet work for long.
Much like with the new efficient hot water heaters, people are losing an extra 40 to 50 gallons of emergency water if things really go pear shaped.
Yawn , stil pushing the same old Carrington Event drivel I see.
Modern computers are resistant to such events these days. Satellites would be affected but I guess nobody told you that over 90% of data communications are now done over fibre optic which is not affected by electromagnetic interference. Even multiple global EMP's would not disrupt the bitcoin network.
Pretty sure you need power to use fiber optics, in fact I'm 100% sure ;-)
If the power grid goes down you will have much larger things to worry about than bitcoin. How on earth will you get your GPS signal to find the locaton in the lake you buried your stash ? Not to mention the power required to charge your scuba air reservoirs. I suppose you could always use a bycycle pump ?
Whats GPS and air tanks? ;-)
Are you bitching about electricity itself being a tool pushed by evil masters, rather than being a technology that can be used freely, independently and that makes people free?
If you are that unappreciative and ignorant of the essence of technologies available for you to use them the way you choose then I can't help you with that. No wonder that you arrive at conclusions diametrically opposed to reality.
Oh god, another one of those "THE INTERNET WILL EXPLODE" morons.
Tell us all about it, grandpa. Make sure to shriek like a caveman in "2001".
False comparison.
If a person gets mugged, it doesn't hurt the confidence of THAT monetary system.
Because bitcoin is relatively new, each new incidence that occurs DOES hurt the confidence of the bitcoin system.
@Divine Fuckwit
Its the ZH cavemen that drove all the other commenters away, in addition to the admin's proclivity of deactivating accounts that were too boisterious when supporting Bitcoin.
I love how the idiots here are arguing "stability" when you have the Euro and US Dollar debacle unfolding. Yeah, you guys are paragons of monetary analysis, can't even detect the sand shifting underneath your feet.
So, in conclusion, you're all too fucking stupid (with few exceptions) to understand Bitcoin, much like that Senator that never sent an email, but is involved with technical governance.
Oh, the irony.
P.S.(Go fuck yourselves, you reap what you sow you morons.)
Bitcoin is going to 120,00,0000,000.0004 BILLION DOLLHARS!!!
makes sense.
bitcoin helps avoid government capital controls, so no doubt chinese in particular are interested in it as a way of moving wealth outside the system.
Yes Bitcoin is the greatest at EVERYTHING!
Hmmm. I wonder how much of that 80% was mined by labor camp inmates like they do with online gaming tokens.
Hopefully all Bitcoins are mined by young slaves in terrible conditions! Satoshi not have any other way less!
By "funds" you mean?
Zeros and Ones, a 64 bit processor has 128 total, problem if the power is off, you got none.
Turn those machines back on! ;-)
SEMPER FONESTAR
https://btc-e.com
You're trolling for the ban hammer I see.
Keep it up iTard.
AARON RUSSO! A modern-day JONAH! He told you people, but you WOULDN'T LISTEN!
'Trading Places'...
https://video.search.yahoo.com/video/play;_ylt=A86.JyGEmQtVuSoAE1olnIlQ;...
I like watching the FCOJ/SHITCOIN derivitave futures market chart/graph thingies. It gives me something to think about besides the FAUX NOOSE/sport 'deflated balls' investigation RE: STUPORBOWL.
1) Will FCOJ outperform SHITCOIN in the next 90 days? 2) Should I place 'PUT', or 'CALL' options (on either one)? 3) Will my 'broker' charge me 3% this time just like he did the LAST time? 4) Will this call cost $3.99 per minute? 5) Did my wife FINALLY douche (for the FIRST FUCKING TIME) before coming to bed and asking for sex from me? 6) Has she FINALLY figured out that a smelly, skanky pussy makes my dick get soft?
ANSWERS:
1) I don't know.
2) PERHAPS. I don't know which 'option call' to make.
3) YES.
4) YES.
5) NO.
6) FUCK, NO! (again). She wants me to go down on this thing that smells like 2-week-old tuna in the summer sun. Is there such a thing as a 'case discount' on 'Summer's Eve' disposable douches? Maybe... (if she changes her diet)...
By funds we mean Zhou Tonged!
https://www.youtube.com/watch?v=-z9Jwp2x86o
Everyone on Zerohedge idolizes Satoshi the Great. Satoshi raise our red sun higher! Hig hur!
Before Satoshi went public with shit coin, do you suppose he created a few million for himself? And then, so you think he might keep the supply low so their value gets bid high? He is totally anonymouse, so something's pretty sketchy there.
Hey, I've got a new business idea. Send me all your gold and cash. I'll safely store it for you, for free. Don't worry. I'm more honest than these guys in the carribean.
If you have half a brain you know paper is worthless......so WHY IN the FOCH would you believe digital air is real.........
Because math is stronger than any government power.
I think someone did the math and figured out pretty fast that 12 million dollars in the hand is better than a billion digits in the BitBush.
Just sayin ;-)
Bitcoin is the deflationary tiger!
Did you read the article? They escaped with $12M in bitcoins. Yes, they did the math.
Yes I read it, they swindeled them out of BitShit...valued in dollars or rubles or yen. Creating another unit of exchange doesn't add value, the "value" of BitCoin has decreased dramatically, yes or no?
Do whatever you want, just don't pump it to the ignorant who amble through here and expect me to say nothing.
@kliguy38
Oh look, a retard who thinks the balance in his bank is actual printed currency ready and on hand for withdrawal. Do you study to be that stupid? Or does it just come naturally...
Loves we teh BitcoinZ!!!
https://btc-e.com
Foneystar, goatfucker or whatever his many names were, must've hung himself in his mom basement. I remember warning him and telling him how I played the bitcoin rally 2 years ago. I feel for the guy, his heart was in the right place.
I don't. He had it coming.
You tink fonestar is Undyable?
I run into that fucker on Jootube all the time. Fuck him, he's an arrogant little bitch.
Fuck yourself you phake phucking anarchist!
Yes nidstyles mnewn and many others here are semi-anarchists. When the democrats are in, they are anarchist wannabes, when the republicans are in, they are statist fags.
As an actual anarchist, I find them cute; middle class white kids conflating the legitimate political philosophy of anarchism with an alternate meaning of anarchy, chaos and disorder. This allows worker ants to feel that they are rebelling in their slavish 9-5 lives while listening to shit bands like the sex pistols (Johnny Rotten implores you to vote you know!). If any of you anarcho wannabes are situated near Sydney Australia you should check out Jura Books, an "anarchist" library which last I checked had a poster on its door demanding the gov to increase spending on TAFE (aussie vocational college).
Where he calls himself fone star
Only because "fonestar" was taken by some spanish telecom company!
This might be related in that case:
http://whocallsme.com/Phone-Number.aspx/7488472736
Do you know who made that link? Yeah, that's right.... the stawks crowd on CNBC when we were trolling them in June 2012!
But we already know you like to work with the Fed, with the enemy on CNBC against cryptoanarchy.
so it is you
fonestar is fonestar
Underwater is more like it
How is fonestar underwater?
cheap coinz @800 remember
I've seen you mention many instances of "cheap" tokens come to think of it
thinking bit-coin had legs again was your last comedy gold before you got banned some time back
or don't you put your money where your mouth is
You can't deny it, we all want moar Bitcoin!!
https://btc-e.com
hmm that is fonystars exchange of choice
new account
bitcoin related posts
a bit subdued in the wording but this is a fonystar message or at least it could be
a little bit of self defense as well
if it is him
the clock is ticking
fonestar doesn't get clocked you think we is not the clock? Want to try and ban we bitch?
The shit coming out of your keyboard gets you banned, not me
It's not like you inspire anybody to buy some of those tokens you peddle so I don't even see why you make the effort but hey you can try
and try
and try
maybe someday you will succeed
but I'm not banking on it
because the little bitches on ZH can't fight him all they can do is ban the we, ban the he, ban ki moon, ban we fonestar.
What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in the Navy Seals, and I’ve been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I’m the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You’re fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that’s just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.
Nice to meet you. Tired of bitcoin bullshit, too. Need gas money?
No need. The mental hospital is on my way.
gorilla warfare you say, please tell me more...
took me ten years after USMC to learn to spell, too.
i'll travel back in time and stab your mom to death with my dick...
It's actually "guerrilla warfare"
But I suppose it would be funny to see some apes fighting each other over some bananas.
Nice cut-n-pasted meme, grandpa.
Now get back to the shed and whittle yourself a corn-cob pipe.
"So...like a false Bitflag or sumpin?"
Yeah, pretty much that. Several people had pointed out very early on that it was at a minimum a scam based on the people involved, but one of the more astute warnings drew parallels to how the illegal credit card trade was penetrated by law enforcement in US, and that the people behind Evo seemed to be following the exact same formula. I wouldn't be the least surprised if it was a data gathering expedition by the Feds.
Also, in case anyone has missed it. it's extremely obvious TOR has been compromised for some time, so if you're playing with dark markets and thinking TOR alone will protect you, you're setting yourself up for a bust.
I was thinking the same thing. I was involved in the first few month of it, and relieved that it looked like a limited hangout with the ability to extract wealth. This was before any marketplaces were actually "trusted". How anyone can trust any organization of tha tnature that doesn't even have a physical address is beyond me.
We don't even need a physical body!
Obviously you don't need a mind either...
I feel sorry for them (the victims, the marks, whatever one wants to call them) their hearts may be in the right place but their heads are up their ass.
If you can't touch it, you don't possess it, whether its a credit or what you think is real in an account (Cyprus anyone?) or a bit of data, you're relying on something beyond your control to "make it happen" or someones interpretation of a law, requiring a few moar "bits of something".
I'd rather not but free will and all that, no one can ever say I didn't speak my piece on it ;-)
We don't feel sorry for them! They should fuck themselves and: BUH MOAR BITCOIN!!!
Actually I do feel sorry for them but they're grown adults, they can take whatever risks they want, as long as it doesn't effect me.
Free market capitalism is a fickle mistress, bitchez.
Oh I freaking love bitcoins. The currency of the future. /sarc
At least the theft is out in the open.
The beauty of bitcoin is that you can hide them in your mattress but no one will ever find them. Even if they look inside your mattress.
Nice try, but everyone knows that a hardcore bitcoiner sleeps in a hyperbaric chamber hanging upside down from the rafters.
fonestar is the hardcwhoreorester bitcoiner ever!!
Only funds in escrow were taken by the Feds. It wasn't a hack
Oh, well, thank you... You've 100% restored my faith in selling all the things I can hold in my hands and converting them into a crypto currency...
You've been using digital currency since the 1970's dumbass.
FØNESTAR ~ First of all... Welcome back...
2nd...
I use whatever currency is expedient for the purpose...
EXCEPT
When it comes to 'savings' &/or 'long term storage'...
I'll acknowledge that I don't have anything against using bitcoin for transactions [whereby, my timeline would be within, say, a 90 day time period]...
But as for LONG TERM... Well ~ all I can say is that I vividly remember you TEARING IT UP around here when the bitcoin craze was happening... One of the last things I recall reading was about how you were buying physical SILVER back then too [ostensibly trying to portray yourself as a bottom ticker of PHYZ which merged with a bitcoin blowoff top]... That was when silver was around $30 & it was around April because I remember I was grilling your ass for NOT paying taxes on your bitcoin profits [which the IRS &/or Canadian equivalent should be on your ass about]... So go figure the year based on that...
Notwithstanding quantifying the eventual ARBITRAGE differential... It would appear that your HYPE was timed poorly [IN BOTH CASES]...
So fine... You SUCK as a market 'timer'... Now ~ Convince me to make BITCOIN the storage vault of my LONG TERM WEALTH storage...
Its funny, because when ZH kept trying to beat Bitcoin down, apparently its worth enough for someone to steal. Sense the irony there?
If it wasn't worth anything, nobody would FUCKING STEAL IT.
Try to let that sink in.
Also, remember all those bank robberies and people getting mugged for their wallets, because it happens to cash, too.
But who am I kidding, this is ZH, the finest collection of OOK-OOKing cavemen that have ever owned computers, screeching out into the digital jungle, while shouting "IF I CANNA HOLD IT IN MY HAND, IT ISN'T MONEY".
Oh the fucking irony in that one, eh? What do you think your bank balance is, a pile of coins in a safe deposit box? (Answer - a virtual representation that uses electrons on a bank server.)
Paging Reggie Middleton.
Did you get bamboozeled again, Reggie?
More people "accept" Bitcoin all the damn time;)
Whatever happened to Reggie? Did GS pay him off to shut up?
He's in training for the day he's finally right about AAPL.
Still busy reading the instruction manual for his Google glasses.
Do those things scream gay, or wut?
LOL!
Regards,
Cooter
He wears a sandwich board and he screams about the "end of Apple" to the tourists in Times Square. His $5,000 suit reeks of piss and broken dreams.
This happened to Reggie:
https://www.reddit.com/r/BitcoinDerivatives/
Warning: It ain't pretty (for him). The "community" does not buy his crypto nonsense either.
This might double his visitors though so there's a silver lining in this misery.
Jebus! For a while there I thought he was the anti-Obama. A smart, savvy, black man with actual expertise.
Obviously a honeypot -- you cannot be both smart enough to attract >$12M and stoopid enough to tell the entire world where you are headed after you steal it. Does not pass the sniff test.
It's especially easy to attract $12m if it's your $12m. Or I suppose you can just lie about it.
GS front company.
Sure you can! You just tell them you're going someplace you aren't ..
"This was a bust by the Feds. To discredit free markets"
The Feds will stop at nothing to eliminate all forms of hard currency. Cryptocurrency is another honeypot and has all but received the government's blessing. Truth in any form never sees the light of day...
Extraordinary rendition doesn't just happen to terrorists.
Mind you, the one I know about was for a $100m ponzi, but it was from the carribean.
Keep a low profile boyz.
All those zeros and ones on some hard drives are worth........?????
Depends on what order you put 'em in, silly
@knukles
Funny how you almost described what Bitcoin mining is, while still being a retired financial parasite.
P.S.(Better start storing water for your future desert home.)
PAGING PHONESTAR?
Client is unavailable as the account does not access Caribbean users.
Paging phonestar?
fonestar is with you! And also with you!
Fonestar? Fonestar? Don't forget your sunscreen.
fonestar is with you always!
Is it too late to invest???
Bwuhahahahahhah
"For those utilizing bitcoin and other crypto-currencies it is strongly recommended that they keep their funds in “cold wallet” storage to avoid broker shut downs and theft of “hot wallets” that are stored online."
Uh huh, or you could just say fuck that crypto ponzi noise and buy physical gold and silver. Fucking muppets will never learn.
https://www.youtube.com/watch?v=tD3Ef8nc6eo
Yes, everyone should buy precious metals, because there's NO WAY that they can be co-opted by governments, *cough* market rigging *cough*.
If PM's were a REAL threat, do you think governments would LET you buy them at a fucking coin shop? The answer is - NO.
But keep piling 'em up, you fucking muppets.
Where's Fonestar?
I guess that settles that then, doesn't it?
It doesn't settle shit. You ZH Cavemen ran most of the people who wanted to engage in useful dialog off.
So, you get what you create, in that sense. You fucking knobs.
More evidence that cash is the superior vehicle of exchange. Trusted by all men to maintain its value. Easy to transact in and defend with a bank account.
The operators just ran for the hills, when they had enough coins in escrow. This does not say anything about the quality of a virtual currency, the same is likely to happen with cash or gold.
Yeah yeah right right.
SEE I said (or did I?) that bitcoin had counter-party risk. In this case theft. (and essentialy emulating the masters of wall freaks.)
So cash yeah? Counter party risk written all over it.
Gold in my hand?
You are exposed to counter party risk with any asset in this case, this has little to do with bitcoins. Your gold dealer might you defraud the same way. You put cash on the counter and he runs out the back door. Counter party risk my ass.
Just ask the Cypriots
"the entire system remains open to unscrupulous brokers"
So just like the current system then?
No, not. Rehypothecation and other Wall St schemes do not work with bitcoin. Actually this is a reason why Wall St is afraid of it. If shares were maintained in a block chain, the buyer could get delivery within an hour or less. All the naked short sellers would lose their jobs.
Nice theory. Until the owners of the website run off with 12 million and the darknet has no recourse.
I do not think bitcoin is quite the "perfect" monetary unit as many gamers claim. There is greed and sociopathology rampant among the tech savy/darknet. No different than Fall Street. I do not trust any asset I cannot occupy or hold in my hand basically.
Gamers and Cloud? surfers are just playing into the long term virtual currency plan. There is nothing about bitcoin that is not corruptable. And on a very simple level it seems. "Show me the profits from theft and I am outa here" Thanks Mr./Ms. tech frigging savy.
Much as I adore the tech revolution. My wealth/family security will never, ever ever ever be assigned to a "cloud". Nor some bitcoin that seems to be regularly stolen . Playing into the desire for bankers 000/111 creation of monetary life beyond any reality.
Poof. it is gone. And "thanks very much I hope you understand."
Then don't store your coins on a cloud server, duh. Or in Escrow, or on exchanges. Almost all widely reported Bitcoin "hacks" are of coins stored in wallets where the owners don't have access to the private keys; it's the equivalent of complaining that your gold was stolen when you swore you had it safe and sound in those LBMA vaults.
If someone were to burst into my apartment right now, snatch up as many valuables (PMs included) as they could and make their way to Mexico, I would have zero recourse for restitution. Conversely, if someone swiped my laptop with an encrypted wallet, I'm out a laptop, but I could recover the coins in seconds from a wallet seed or backup.
Bitcoin is a young protocol with a LOT of flaws, but your complaints display your nescience on the topic.
Maybe it is not perfect yet and does not scale well. But if there was a a serious flaw, it would have been exploited to death some time ago.
So bunga bunga. How do you deal with 12 million abdicating with other people's funds?
Simply don't put your assets into escrow, escpecially when dealing illegal businesses.