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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?

#31

Post by RyanZAG »

pyalot2 wrote: post #10
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…

@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.

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

#33

Post by loceng »

ceejayoz wrote: post #17
loceng wrote: post #16

Earlier quoted context omitted.

I'm not so sure. Where this Bitcoin is spent can now be tracked, right?

https://en.bitcoin.it/wiki/Mixing_service

You'd then just connect those accounts as bad / dirty, and perhaps even with laws, have them being accomplices --- would make you / force you to make sure the Bitcoins aren't connected to known frauds or crime.

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

#34

Post by eloff »

jamesaguilar wrote: post #7
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…

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.

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

#35

Post by sp332 »

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.

Why not? People use credit cards now.

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

#36

Post by runn1ng »

nullymcnull wrote: post #20

Seems a little premature to point at the blockchain and say "STOLEN!". Most people won't be able to make much sense of that. The whole situation is complicated. More info: http://www.reddit.com/r/SheepMarketplace/comments/1rpy1t/i_w... http://www.sheepmarketscam.com/ tl;dr: For a week or so, many users have been unable to withdraw BTC from Sheep. Admins have been claiming technical problems as they try and implement…

To be frank,

the site never worked 100% and the support was always kind of terrible. So it is possible (not very likely, but > 0% probability) that it is just a miscommunication on their part.

I wouldn't bet on it though.

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

#37

Post by dlsx »

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.

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.

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

#38

Post by runn1ng »

locusm wrote: post #11

Are there any recorded cases of someone recovering stolen BTC?

It's not possible in general.

If someone steals your bitcoins, he can send them wherever they want. That's the "beauty" of bitcoin - if someone has the keys, he can do whatever he wants with it.

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

#39

Post by Eleopteryx »

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.

He's probably referring to marijuana, and there's numerous studies that would both support and contradict that notion.

Anything consumed in excess can be harmful in the short-term and long-term, including food, water, or oxygen.

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

#40

Post by allannienhuis »

dlsx wrote: post #37
eloff wrote: post #34

Earlier quoted context omitted.

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.

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 person's existing problems worse. In fact, heavy marijuana users generally report lower life satisfaction, poorer mental and physical health, relationship problems, and less academic and career success compared to their peers who came from similar backgrounds. For example, marijuana use is associated with a higher likelihood of dropping out from school. Several studies also associate workers' marijuana smoking with increased absences, tardiness, accidents, workers' compensation claims, and job turnover.

I know "correlation doesn't equal causation". But there are clear risks associated with marijuana use that should not be dismissed so casually.

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