Bitcoins stolen from the users of Sheep Market Place?

Post by waterlesscloud » Sat, Nov 30, 2013, 7:57 PM UTC

RyanZAG wrote: post #9

pyalot2 wrote: post #6

Earlier quoted context omitted.

If by recourse you only mean chargeback, sure. But that's not the whole story. If you have a legal entity behind something, like say, bitpay or coinbase, you can take legal steps if they screw you over. You can take them to small-claims etc. And if you don't trust some entity, you can use escrow with bitcoins, it's possible to setup a transaction where the escrow provider has no way to get at the funds, but can just…

You can do a perfectly seeming legal transactions with an entity that ends up being smoke and mirrors. In the case of real currency, the amount would need to be transferred through banks which can be investigated for crimes by authorities. In the case of BTC, once you send off that payment there is nothing law enforcement can do to help you if the entity who appeared legal was not so legal after all. Feel free to tal…

Post by ceejayoz » Sat, Nov 30, 2013, 8:53 PM UTC

yebyen wrote: post #62

ceejayoz wrote: post #18

Earlier quoted context omitted.

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

I think you mean tens of millions in bitcoins. There are not now (nor will there ever be), more than 2.1 tens of millions of bitcoins.

Post by jamesaguilar » Sun, Dec 01, 2013, 2:11 AM UTC

eloff wrote: post #34

jamesaguilar wrote: post #7

Earlier quoted context omitted.

There are plenty of drugs that are not legal and at least not bad for you, although I think the rest of your analysis is decent.

I hope you're not referring to marijuana, it can't truthfully be said that it's harmless, not even close. And any drug can be harmful, just look at the side effects of Tylenol.

Post by sheepmarket » Tue, Dec 03, 2013, 1:50 AM UTC