Topic: Any Bitcoin companies based in HongKong are scamers! what you think? (Read 931 times)
August 05, 2016, 01:58:08 PM
I tend to agree with Franky on this. And we're not anywhere near sure that bitfinex scammed anyone. They may have had terrible security protocols. Where was Cryptsy running out of? I know mt gox was Japan. Yobit might be next, does anyone know where they are? Anyway, this isn't a reason to bash Hong Kong.
August 05, 2016, 01:46:47 PM
GBL-BTC
HKcex
MyCoin
Bitfinex (what do you think?)
HKcex
MyCoin
Bitfinex (what do you think?)
Well wherever we go scammer always appear were there's big amount of money they can get. And about your question , honestly its hard to give an opinion in my part because I didn't witness the truth behind those coins you've talking about. I think place/country is not the right basis for us to accuse that hongkong is the base of the scammers, though I'm not a hongkong citizens.
August 04, 2016, 08:18:25 PM
Hong kong is a business hub and that does not mean it has scammers there. Every country in the world has scammers with businesses. Hong kong is a non-tax country when you are bringing money from outside HK, that should be the reason to incorporate there.
August 04, 2016, 08:15:37 PM
HK is one the world's greatest place to do business. I've done business in HK, and I hope to do it again next year. It's only a normal that a good place to do business also attract bad people. It's happening all the time.
I think that is very true because they are out of China's reach so don't have to bide by their laws or ways of doing business. Hong Kong does not have anything wrong there when setting up a venture to do business and should not be viewed in any harsh manner because of what happened to Bitfinex in any way.That to me is irrelevant as chasing a red herring is to a Norwegian.
August 04, 2016, 08:11:52 PM
its not about the place, it about the intention of owner/admin to scam investor.
August 04, 2016, 07:58:55 PM
You can't accuse all the Hong Kong being a scam because of a website. Everywhere im this world you can find scammers. I'm pretty sure most of the companies from HK are legit, but of course we need some scams too.. the scammers never go away 
August 04, 2016, 07:54:38 PM
it is not only hong kong or US , may be somewhere also , scammers always try to hide their original details related to their website . some the sites shows different country but there server reside some other country .
I don't think so, although the scam site is giving the original details and information about them, I'm not sure the people getting scammer will chasing the scammer until in their real region. giving or hiding the original information is not giving any effect for the scammer. they know about the cryptocurrency is not regulated by average government in this time and it's become a one more chance for scammer. August 04, 2016, 07:44:57 PM
it's very simple to know whether an exchanger based in HK is scam or not. They must be licensed.
HK(China) laws require a financial license if you exchange or make forex(tradings) that involve a commodity or currencies/e-currencies.
Bitfinex and most of other exchangers do not have one so they are...illegal.
HK(China) laws require a financial license if you exchange or make forex(tradings) that involve a commodity or currencies/e-currencies.
Bitfinex and most of other exchangers do not have one so they are...illegal.
August 04, 2016, 07:07:00 PM
GBL-BTC
HKcex
MyCoin
Bitfinex (what do you think?)
it does not mean that every company is a scam, bad stuff happens and no one might be secured from that, i think that you shouldnt blame them too much HKcex
MyCoin
Bitfinex (what do you think?)
August 04, 2016, 06:58:32 PM
HK is one the world's greatest place to do business. I've done business in HK, and I hope to do it again next year. It's only a normal that a good place to do business also attract bad people. It's happening all the time.
August 04, 2016, 05:53:33 AM
it is not only hong kong or US , may be somewhere also , scammers always try to hide their original details related to their website . some the sites shows different country but there server reside some other country .
August 04, 2016, 05:44:09 AM
From this situation we can see that the location in hongkong which does have a lot of large companies. I think the only chance they have the same location
in hongkong . we 'll see who the owner and all the data , I mean not only an estate data false .
in hongkong . we 'll see who the owner and all the data , I mean not only an estate data false .
August 04, 2016, 05:40:25 AM
GBL-BTC
HKcex
MyCoin
Bitfinex (what do you think?)
Just because a company is based in some particular location doesn't makes it possible scammer.What made you doubt these?Do you have any bad experience? HKcex
MyCoin
Bitfinex (what do you think?)
August 04, 2016, 05:34:36 AM
Hmmmzz, I think this is not something a good thing to save a company into bitcoin is located in Hong Kong, as seen from a variety of things that always happen in Hong Kong (account hacking BTC) it makes me think that Hong Kong is a place for the hackers assemble and surely they already know all the code resides in the security system of Hong Kong. I look forward to future businesses in Hong Kong can always update the latest security so that events are now not happen again in the future
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August 04, 2016, 05:29:49 AM
i think its just accidental which they got same location in hongkong, take a look who is the owner and all data, i mean real data not just fake. this could be happen in any where and any location, and from this situation, the location is hongkong which is many company based in hongkong.
August 04, 2016, 04:56:11 AM
i dont think so.
however in asia the concentration and popularity of bitcoin is much higher, so while there are more bitcoin businesses the same low "scammer"rate that happens across the world equates to more in asia simply due to the higher popularity (while remaining low scammer:moral ratio)
for instance america has had butterfly labs, trendon shavers BS&T, bitcoinica, cryptsy and a load of cloud hashing companies.... to name just a few
europe has had GLBSE, intersango, mintpal, etc
my point being..
if there are 300 people in america and 6 of them are bitcoin scammers
if there are 1200 people in asia and there 12 of them are bitcoin scammers..
it does not mean there are more scammers in asia.. because asia has a 1% scam rating and america has a 2% scam rating..
however in asia the concentration and popularity of bitcoin is much higher, so while there are more bitcoin businesses the same low "scammer"rate that happens across the world equates to more in asia simply due to the higher popularity (while remaining low scammer:moral ratio)
for instance america has had butterfly labs, trendon shavers BS&T, bitcoinica, cryptsy and a load of cloud hashing companies.... to name just a few
europe has had GLBSE, intersango, mintpal, etc
my point being..
if there are 300 people in america and 6 of them are bitcoin scammers
if there are 1200 people in asia and there 12 of them are bitcoin scammers..
it does not mean there are more scammers in asia.. because asia has a 1% scam rating and america has a 2% scam rating..
hi guy, I appreciate your analysis, but I think this view from the perspective of population density, unreliable
many companies are not local native, but have you ever thought why they invariably choose located in HongKong?
other scams other countries too
i have seen dummy companie set up in BV islands, bermuda, mexico, europe.. so its not just asia
but.. in some ways china has shown a higher amount of numbers of scammers using asian addresses while serving american customers..
maybe its the belief that most americans dont speak asian and so wont risk the language barrier, strange country and travel costs to see if the business is legit by visiting the location (to realise its just a drop box)
take cryptsy for instance..
the owner lives in florida but even after knowing cryptsy was going to fail.. he went about setting up a new exchange "remotely" (falsely) located in china
marshal long (final hash cloudmining scammer) is also reportedly in china.. yet physically not there..
so im not racist to say asia is scam central.. i still think american people have a higher probability to be scammers..
the only thing i see is that scammers have the mindset of "dont shit in your own back yard" so set up dummy companies in other countries while never actually going there.. basically shitting in their own back yard and then throwing it over the fence to shift the blame
August 04, 2016, 03:47:20 AM
i dont think so.
however in asia the concentration and popularity of bitcoin is much higher, so while there are more bitcoin businesses the same low "scammer"rate that happens across the world equates to more in asia simply due to the higher popularity (while remaining low scammer:moral ratio)
for instance america has had butterfly labs, trendon shavers BS&T, bitcoinica, cryptsy and a load of cloud hashing companies.... to name just a few
europe has had GLBSE, intersango, mintpal, etc
my point being..
if there are 300 people in america and 6 of them are bitcoin scammers
if there are 1200 people in asia and there 12 of them are bitcoin scammers..
it does not mean there are more scammers in asia.. because asia has a 1% scam rating and america has a 2% scam rating..
however in asia the concentration and popularity of bitcoin is much higher, so while there are more bitcoin businesses the same low "scammer"rate that happens across the world equates to more in asia simply due to the higher popularity (while remaining low scammer:moral ratio)
for instance america has had butterfly labs, trendon shavers BS&T, bitcoinica, cryptsy and a load of cloud hashing companies.... to name just a few
europe has had GLBSE, intersango, mintpal, etc
my point being..
if there are 300 people in america and 6 of them are bitcoin scammers
if there are 1200 people in asia and there 12 of them are bitcoin scammers..
it does not mean there are more scammers in asia.. because asia has a 1% scam rating and america has a 2% scam rating..
hi guy, I appreciate your analysis, but I think this view from the perspective of population density, unreliable
many companies are not local native, but have you ever thought why they invariably choose located in HongKong?
August 04, 2016, 03:42:08 AM
You say that, but you offer no proof other than to list some companies that operate from that area. It is like saying, people in Paris eat more bread than other countries. You will have to be more specific than that to quantify that statement. Do you think that it has something to do with the lack of governance or poor regulation?
Let's discuss this, because most western countries point fingers at these people, and most of the times, they are wrong.
Let's discuss this, because most western countries point fingers at these people, and most of the times, they are wrong.
Hacked, Stolen, etc...
Don't you think it was just an excuse? It is still a lot of people to go since Mt.Gox had Stolen and Hacked for a long period of time
So, let us wait and see
August 04, 2016, 03:08:23 AM
So you say that based on few? Wow..
August 04, 2016, 03:07:39 AM
GBL-BTC
HKcex
MyCoin
Bitfinex (what do you think?)
HKcex
MyCoin
Bitfinex (what do you think?)
That last one Bitfinex, there is some nasty story going on with them. They are saying that they got their funds stolen or hacked but knowing from history any exchange when want to go down like Mt.gox, Cryptsy they always say the same , we have been hacked. Now the website doesn't load and all operations are halted, let's see what happens next.
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