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Bitcoins stolen from the users of Sheep Market Place?

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Re: Bitcoins stolen from the users of Sheep Market Place?

#41

Post by baby »

pyalot2 wrote: post #2

You are surprised that when you trust your coins to the anonymous operator of a drug marketplace that you get ripped off? There's three separate reasons why you're screwed: 1) You have no recourse because you can't report the theft to police. 2) You have no recourse because you can't identify the operator, he's anonymous, which means he's also hidden from you. 3) You have no recourse because you can't undo your trans…

> As a good rule of thumb, only perform transactions in bitcoin doing legal things

How is this a good rule of thumb? If you want to stay in legality, then do legal things, if you don't want to stay in legality, then do whatever you want. Your good rule of thumb seems more like a "how to be a good sheep" to me.

> you seriously shouldn't have bitcoin, they're not good for you.

Who are you to judge what people are doing with their coins? People like you are the ones who give a bad image of bitcoin. Don't enforce bitcoins onto others, don't enforce your personal view of bitcoins onto others.

> Oh, and drugs are also not good for you, so please don't do them.

We're not on a rehab website, I don't see how this comment influenced from your "lifestyle" is relevant here. If you're not drinking alcohol, not smoking coffee, then good for you. But we've never asked for your input.

Re: Bitcoins stolen from the users of Sheep Market Place?

#42

Post by pyalot2 »

RyanZAG wrote: post #31
pyalot2 wrote: post #10

Earlier quoted context omitted.

@RyanZAG Please look into what escrow means. Of course you can do business with an entity you're not sure is legit. The assumption is that you trust the escrow provider, and the Escrow provider is trusted by the merchant. So, the critera of trust for the escrow provider, is quite a bit higher than a random online store. If carefully select the escrow provider, check their business registration, make sure there's a le…

You're going to use escrow for all of your transactions? There is no way the general public is going to do that. I think even those who are more paranoid would give up the attempt after using escrow to do transactions after a few months and just use regular money. Or more likely, just stop using escrow and use bitcoins anyway, and then complain when they get stolen.

You're using escrow already when you use a bank account, CC processor, paypal, google wallet etc.

You don't really get a choice, and you carry the mandatory cost because merchants roll the cost of chargeback fraud, CC fees and banking fees over into your purchase price, no matter if you think you'll need the added service or not.

Re: Bitcoins stolen from the users of Sheep Market Place?

#43

Post by hnha »

ceejayoz wrote: post #18
coldcode wrote: post #15

Expect organized crime to take an interest in bitcoins. Shady operators and little oversight makes it an easy target.

They already have. CryptoLocker is raking in tens of millions of Bitcoins as ransom payments.

source please

Re: Bitcoins stolen from the users of Sheep Market Place?

#44

Post by Zoomla »

locusm wrote: post #11

Are there any recorded cases of someone recovering stolen BTC?

as I understand it, the chances are very slim, but a solution might be to "ban" addresses with stolen coins from making transations... but there probably always will be a black market.

Re: Bitcoins stolen from the users of Sheep Market Place?

#46

Post by [deleted] »

RyanZAG wrote: post #4
pyalot2 wrote: post #2

You are surprised that when you trust your coins to the anonymous operator of a drug marketplace that you get ripped off? There's three separate reasons why you're screwed: 1) You have no recourse because you can't report the theft to police. 2) You have no recourse because you can't identify the operator, he's anonymous, which means he's also hidden from you. 3) You have no recourse because you can't undo your trans…

Even using bitcoins for legal things leaves you little recourse - this is the whole point of bitcoin. When you avoid government regulation and oversight you also avoid the protections it gives - this should hopefully be obvious to anyone.

[deleted]

Re: Bitcoins stolen from the users of Sheep Market Place?

#48

Post by jafaku »

allannienhuis wrote: post #40
dlsx wrote: post #37

Earlier quoted context omitted.

I have smoked and ingested marijuana for over 20 years and my doctor says I am in absolutely wonderful condition for my age. >marijuana makes you smarter, stronger, and happier Prove me wrong. And I was high when I wrote this. Zero mistakes, flawless use of internet comment section.

Just because YOU didn't get cancer from smoking cigarettes, doesn't mean that smoking cigarettes doesn't cause cancer. There are significant health risks associated with smoking pot, including serious mental health issues for some people. Quoting from http://www.drugabuse.gov/publications/drugfacts/marijuana : Research clearly demonstrates that marijuana has the potential to cause problems in daily life or make a per…

> Several studies also associate workers' marijuana smoking with increased absences, tardiness, accidents, workers' compensation claims, and job turnover.

In other words, marijuana users appreciate life more and make for bad slaves.

Btw, smoking is not the only way of consuming marijuana. There are also water pipes and green dragon.

Re: Bitcoins stolen from the users of Sheep Market Place?

#49

Post by aestra »

RyanZAG wrote: post #4
pyalot2 wrote: post #2

You are surprised that when you trust your coins to the anonymous operator of a drug marketplace that you get ripped off? There's three separate reasons why you're screwed: 1) You have no recourse because you can't report the theft to police. 2) You have no recourse because you can't identify the operator, he's anonymous, which means he's also hidden from you. 3) You have no recourse because you can't undo your trans…

Even using bitcoins for legal things leaves you little recourse - this is the whole point of bitcoin. When you avoid government regulation and oversight you also avoid the protections it gives - this should hopefully be obvious to anyone.

Bitcoin works like cash right? Legally speaking you get a contract perhaps, a bill, then a receipt of payment. If something doesn't go right, you bring those documents to court with you and state your claim just like if you used cash. Am I wrong here?
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