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Topic: [2013-12-09] eBay Loophole Allows Sale of Bitcoin (Read 1996 times)

member
Activity: 78
Merit: 14
The strange thing is that while eBay allows the sale of physical bitcoin items (like usb sticks and casascius coins), paypal does not. They specifically state that you are not allowed to sell items with bitcoin value in it.

Yes, they're the same company, but that's what I've been told.
full member
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
Lol who buys Bitcoins from ebay?  Grin There are so many artists stiiting there with their baits.

Once a friend of mine order a power supply unit from ebay and all he got was a metal case filled with sand!   Shocked

lol. That sums eBay up. Did he send the sand back?

That was a case of a fraudlent dealer. My friend did not know that products should only be bought from >98% positive feedback dealers.
hero member
Activity: 784
Merit: 1000
It can be done, you just need to be a bit tech-savvy, e.g., see the part (1) of this: https://bitcointalk.org/index.php?topic=66862.0; . The seller should be asked to put his part of the private key on the outside of his package, in the form of, say, a QR code, and have it delivered to the buyer, the buyer will scan the QR code and verify that it indeed multiplies with his own key to create the correct private key, then he will sign the package, otherwise he will refuse it.

What is needed, though, is a phone app that can do all this automatically so that the postman won't have to wait for too long.
hero member
Activity: 518
Merit: 500
Couldn't a seller just send a empty USB and win the transaction and then the buyer would lose their money. Or keep and copy of the wallet and once the seller confirms he got it and its as described the seller can get the bitcoins he sold.(This might happen to some retards)

Yep, or half a dozen other things. Stick a trojan on the USB stick claiming its "wallet software", there's enough scams in bitcoinland already without people selling bitcoin or bitcoin scams to eBay idiots.
legendary
Activity: 3038
Merit: 1032
RIP Mommy
horrible way of doing transactions. the seller can scam by tracking the package and spend the funds once it arrives. the seller can also scam by spending the funds, then claiming the buyer spent the funds.

ftfy
member
Activity: 60
Merit: 10
Couldn't a seller just send a empty USB and win the transaction and then the buyer would lose their money. Or keep and copy of the wallet and once the seller confirms he got it and its as described the seller can get the bitcoins he sold.(This might happen to some retards)
hero member
Activity: 784
Merit: 1000
Lol who buys Bitcoins from ebay?  Grin There are so many artists stiiting there with their baits.

Once a friend of mine order a power supply unit from ebay and all he got was a metal case filled with sand!   Shocked

lol. That sums eBay up. Did he send the sand back?

That actually sums up the chargeback system so many people bashing Bitcoin for not having, it's a unfair system protects neither the buyer nor the seller.
hero member
Activity: 518
Merit: 500
Lol who buys Bitcoins from ebay?  Grin There are so many artists stiiting there with their baits.

Once a friend of mine order a power supply unit from ebay and all he got was a metal case filled with sand!   Shocked

lol. That sums eBay up. Did he send the sand back?
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
Never buy a USB stick with a wallet on it. There is no way to confirm that the wallet file you bought has not been copied. It is a very, very bad idea.
legendary
Activity: 1806
Merit: 1521
I understand the appeal to this, but would anyone in there right mind trust anyone buying stored Bitcoins over eBay??
I'm guessing there would be no way to get your money back or anything if you got screwed over.
full member
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
Lol who buys Bitcoins from ebay?  Grin There are so many artists stiiting there with their baits.

Once a friend of mine order a power supply unit from ebay and all he got was a metal case filled with sand!   Shocked
hero member
Activity: 518
Merit: 500
I've looked at those ads.  Generally they are selling fractions of bitcoin and jacking the price up ridiculously.  Whether or not anyone is buying I don't know, although if I were selling on ebay and getting 2-3X market value on my bitcoin I wouldn't scam people, as I'd want to keep right on doing that and building feedback by not screwing people would be the way to go.  of course there will be scammers, but there will be those looking to simply turn a buck.....



eBay is well known for having people that will buy just about anything, and at stupid prices. I don't know if you would call it scamming or just "natural selection"  Wink
sr. member
Activity: 434
Merit: 250
I dont buy Bitcoins from eBay.
hero member
Activity: 592
Merit: 500
there are other payment options! postal order that shit! lol
legendary
Activity: 2058
Merit: 1462
horrible way of doing transactions. the buyer can scam by tracking the package and spend the funds once it arrives. the buyer can also scam by spending the funds, then claiming the buyer spent the funds.
hero member
Activity: 700
Merit: 500
I've looked at those ads.  Generally they are selling fractions of bitcoin and jacking the price up ridiculously.  Whether or not anyone is buying I don't know, although if I were selling on ebay and getting 2-3X market value on my bitcoin I wouldn't scam people, as I'd want to keep right on doing that and building feedback by not screwing people would be the way to go.  of course there will be scammers, but there will be those looking to simply turn a buck.....

newbie
Activity: 7
Merit: 0
would never buy bitcoins from ebay ! Can`t trust them all !
full member
Activity: 129
Merit: 100
This sounds scam worthy, though, just like that guy who bought a picture of an Xbox. <_<

Exactly. Wind up getting empty USB drives.
sr. member
Activity: 434
Merit: 250
yeah it sounds scammy. the seller would have access to the private key, even after the item is shipped. and why would anyone want to sell on ebay? you would get 85%-88% (after shipping and ebay/paypal taxes) of their value. im sure there would be a few people who are willing to do it, but i don't get what the point is.
sr. member
Activity: 280
Merit: 250
V for Victory or Rather JustV8
This sounds scam worthy, though, just like that guy who bought a picture of an Xbox. <_<
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