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Sent $35,104.11 USD to CoinBase. Never received Bitcoins

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111–120 of 515 posts

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#111
post #7
post #3

ACH transactions are reversible FWIW.

Yes, I am aware of that. I told them in my last email that I will be reversing my ACH if they continue to ignore me.

Actually having this option is really good and you should use it, as there could be a likelihood of "legitimate" BTC services facing bank runs in the current panic.

Of course, you could be contributing in a bank run, though that's not your concern.

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#112
post #67

To all of you who say that Bitcoin shouldn't be regulated - this is what it results in. If it was any regulated financial deal - say, purchase of stock or Yen - then there are clear rules on how to handle that, namely, you'd be entitled to at least compensation for any decrease between the 'locked' price at the agreed settlement date and the real settlement, whenever it may happen, and the interest for the period. Re…

No way. Regulation won't solve these sort of things. It will just make the barrier to entry that much higher. Now people have a voice more so than ever before. If companies don't act appropriately, people can post stories and complaints online. The companies reputation will then suffer. This is exactly what's happening here.

Ah, the libertarian fantasy of the completely informed and rational public, always willing and able to promote the good guys and eradicate the bad guys...

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#113
post #48

For anyone considering using Coinbase or similar services where you have to pay via bank transfer -- think twice and take this as a serious warning that you have almost no protection if they screw you/up somehow. I have a problem with Coinbase for a much smaller sum (luckily): ordered at what I was convinced was a fixed price and just received less BTC at a much higher rate. Their customer support refuses to help (or…

Care to elaborate more? Specifics?

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#114

> Further avoidance by them will lead me to make a few calls to news stations. Eek. The best case scenario is that you'll get a news blurb on local TV where you're portrayed as a sucker. "Weird online currency thing does weird stuff in the way you'd expect weird online currency thing to do, and look at this greedy rube who got sucked in and lost it all! Film at 11."

Clearly you don't know who mGrunin is. I'd do a little research before making comments like the one above.

Well, maybe you could post a two-sentence summary and save us all the trouble?

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#115
post #82

Earlier quoted context omitted.

What is "bucketing"? Isn't this a simple case of goods paid for but not received? This is the same as if I buy 100 gallons of fuel oil for $5 and they don't deliver it.

No it isn't, because holding the assets is causing a depreciation in value for him.

So if I buy 100 gallons of fuel oil at $5/gallon, someone fails to deliver it to me on time and the price drops to $2/gallon, that's "bucketing"?

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#116

> Further avoidance by them will lead me to make a few calls to news stations. Eek. The best case scenario is that you'll get a news blurb on local TV where you're portrayed as a sucker. "Weird online currency thing does weird stuff in the way you'd expect weird online currency thing to do, and look at this greedy rube who got sucked in and lost it all! Film at 11."

Clearly you don't know who mGrunin is. I'd do a little research before making comments like the one above.

This guy? http://instagram.com/p/h_z7OEkWEs/

I mean, I don't know who he is but I generally wouldn't fuck with someone who has $35k to drop on pretend money. Anyhow, main stream news can be foolish, regardless of who the subject is.

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#117
post #67

Earlier quoted context omitted.

No way. Regulation won't solve these sort of things. It will just make the barrier to entry that much higher. Now people have a voice more so than ever before. If companies don't act appropriately, people can post stories and complaints online. The companies reputation will then suffer. This is exactly what's happening here.

If companies don't act appropriately, people can post stories and complaints online. The companies reputation will then suffer. Ah, Libertopia! It's almost upon us, Comrades!

Yes, and are you 100%, no strings attached, free to not participate if you are not comfortable with the rules.

The stupid libertarians get their stupid pie-in-the-sky currency and you get to sit back with a bowl of popcorn (purchased with a government-secured currency of your choice) and enjoy the show.

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#118

> Further avoidance by them will lead me to make a few calls to news stations. Eek. The best case scenario is that you'll get a news blurb on local TV where you're portrayed as a sucker. "Weird online currency thing does weird stuff in the way you'd expect weird online currency thing to do, and look at this greedy rube who got sucked in and lost it all! Film at 11."

Clearly you don't know who mGrunin is. I'd do a little research before making comments like the one above.

Some kid who made $ off affiliate marketing. Wow big deal.

Looks like an utter douchebag too: http://instagram.com/mgrunin

Re: Sent $35,104.11 USD to CoinBase. Never received Bitcoins

#119

Earlier quoted context omitted.

Clearly you don't know who mGrunin is. I'd do a little research before making comments like the one above.

Well, maybe you could post a two-sentence summary and save us all the trouble?

He seems to be some affiliate marketer who also peddles get rich quick via trading options products.
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