Topic: Axorb/ mukundh3 [Resolved] (Read 15566 times)

Nope, was not a scam as nobody got hurt. But it did seem like quite a high risk transaction.

I agree with the majority. Only those who have mining farms can sell any number of bitcoins and will have the monopoly over it. For those who are stepping into the bitcoin world can do nothing but trade bitcoins and make very less profits in between. As they may not be able to afford the miners or they will end up in a queue for an year if its butterfly. Unless they balance the supply and demand, guess things should be fine. Buying from a seller who does not have any without an escrow might be problem. Other than that, its not a scam as far as I have understood from Benson's quote.

JUST because you own some fast ASICs doesnt give you the right to insult me this way.
Everyone knows I dont SELL my coins, I buy coins with the buyer's money.
And I say this openly before all transactions.

That would be quite nice actually. Cheers

If you would like, I can move the nasty parts of the topic to a new thread, but it is your call as this is your thread.

My and axorb exchanged quite a few pm's (which i did keep a backup of), but yes in future i can see why it helps to keep all details except bank and personal ones public. The transaction was of 10 btc (should have mentioned sorry). Also, from my end, i sent axorb the picture of the cash deposit receipt. Even if amount has not been recieved in seller account, receipt can be used to show that buyer did in fact make deposit.

Now lets get the thread back on track, still buying 10 btc

Crypto is only held for 48 hours or as per the contract.

That is why escrow has a cost. There will be a damn detailed investigation if there is a claim made.

How does escrow handle these two situations:

• Buyer never makes bank transfer.
• Seller receives transfer but claims he never received it.

let me explain something about competition, as I wrote previously, I do not sale much here. And not much anywhere too. I prefer invest bitcoins and do not sale it. When I need to sale I sale on Mtgox.

What do you think my total transactions were here   (((  2.5 btc ))). Not count one transaction with buysellbitcoins, whom I know much before coming to this forum.

ONCE again I do not look for any business here!!

I'm here just because I care how becoins will be seen and accepted in India. I hope we can change situation for better, on initial stage there is always such up and downs. Give it some time and it all will all sorted out.

As of now we do not have common idea of what is scam offer and what is not. I would consider as a scam any sale offer where seller do not have required btc he offered for sale at the moment he made that offer. 

 , happens.

Benson, thanks for explaining it to me. I been a dick, sorry.
seller address is
http://blockchain.info/address/1AkB4Ro91L1LETgZmX7xgSw75AUqQnUFLN

it only received 10btc recently

Apologies. My mistake. The account is well funded. I withdraw from this inquiry.

As per previous post. But if you notice, the seller address does not have 20 BTC.

Balance was: 10.12081085 BTC

I think mukundh3 was buying 10 BTC only for first trade.

https://bitcointalksearch.org/topic/m.2481255

It is a 10 BTC sale, not 20. But I would like to see the seller address that has 20 BTC.

You are actually right about fake deal and fake vouch, i mean anyone can make a new account and show that he bought/sold bitcoins from/to his 2nd account and i guess you have right to ask for proof of transaction that happened between buyer/seller, if they fail to provide it, they are probably setting up a scam.

I mean i've been into currency exchange business from many years, i have seen peoples making fake accounts and doing deal with their main account and building fake reputation to do big scam one day.

Ps: pinwheel bro i think there is some misunderstanding between "providing item that you don't have" and "safe trading". Actually it depends on persons reputation.

Scam:
If someone with low/no reputation doesn't have something and he's asking for payment first.

Possible scam:
If someone doesn't have something and he's taking payment first to provide item.

Safe Trading/Business:

If someone (with good reputation obviously) doesn't have item but he agrees for a deal and ask "A" to send money to escrow, then he buy's item from  "B" at low rate and sell's them to "A", takes payment from him and then makes payment to "B".


^ Here if person doesn't have good reputation, he can take payment from A and scam person "B" easily.

This was unnecessary. Now, even I would like to see proof of 20 BTC.

You do not know what my job is, so stop flaffing.


Even if these rules have been broken, we follow a set of hints to first warn people before we raise a ban request or ban them ourselves. We also have heavy involvement in some other projects that facilitate the growth of the forums.

If you did not know, we do not have the rights to give tags. In fact, that will no longer be used because of the new trust feature on the forum.
Any scam accusations need to be made here: https://bitcointalk.org/index.php?board=83.0 for now.

This is a free speech forum. People are welcome here with controversial ideas and thought provoking discussions. Stopping them without proof is what could have happened to any of us as well.

Do not mistake politeness for weakness. I like to avoid aggression under all circumstances, but I will not take crap from someone who has been speculating a scam here for the past few days and nothing seems to have happened. And then, he has the balls to accuse me of facilitating scammers.

If you want to control the market, do it on your own terms, do not ask me to accept what you think is correct. But if any other senior members of the community feel that the approach needs to be tweaked, do let me know. I am darn open to feedback which makes sense.

So either you are wrong or you are upset that you did not get the sale.

Man up. It will get worse than this as time passes.

This shows 10 BTC. Where is the 20?

http://blockchain.info/tx/135841b73e01bc7adbb292796c0a05cd43d2cdc7fef9c001cf18cf8fcbaf9917
No sensitive info there right?