Topic: BitBet Stole ~$7,000 from me (10 BTC) - page 12. (Read 58195 times)

Corrected for you, running dog. As previously stated I'm only here for my own entertainment. There's no money in it for me

The BitBet policy needs no "legit reason". It IS the policy. That's it, what BitBet says is what is. No "legit"-ing around by unrelated parties on forums can change what the policy is.

Re-read my posts in this thread and copy them by hand on your notebook. They're not optional for you, they're mandatory.


The only court which might have had any authority here would have been the Rota. Unfortunately, that died. So whatever, GLWT.


From, you know, the contract.

I don't have a dog in this race, unlike you bitchboy. I'm here purely because I want to be not because I was paid. My butt is absolutely fine. If it was hurting I'm sure I could pay a shill like you 0.00001bitcoin to kiss it better.

Is there anything you won't do for bitcoin dust? Do you consider yourself a rent-boy or do you have a different name for it? Genuine question.

I doubt you even understand checkers let alone chess. It's checkmate when I have no more moves.

This is way above your pay grade shitface.

When's your girlfriend back anyway?

You're an admitted paid shill. Wipe that shit off your lips. I've no interest in reading your thread as it's written by you and you're posting for bitcoin and will post whatever you are paid to post.

Oh we're supposed to expect a WEAK character like you will only expect money to post in your comedy alt not in your serious, honest pankkake account; yet here you are an apologist shill.

If the result of a bet becomes known prior to the bet deadline, then no further bets should be taken.  People can be free to send more money in, but they would get exactly 0% of the winnings, only having their money refunded.

How is this a hard thing for people to figure out?  I don't get it.

Your own sig admits you are a paid shill.

"Hire me" https://bitcointalksearch.org/topic/hire-a-troll-quality-copywriter-240677

I wonder how much you got paid for this thread. I doubt you even got a whole bitcoin. You're the bottom feeder that other bottom feeders shit on.

We're dealing with mid-intelligence criminals here. MP pays them "dividends" from people she's ripped off and then they slap each other on the back. Circlejerks like that seldom make sense.

All MP's 'businesses' would be in the red if they had to stop stealing. S/he managed to run a company in the real world for how long before going bust? And how many tens of dollars did he/she make in those years?

I used to know a few criminals back in the day and the attitude of MP reminds me of them. They used to say stuff like "Someone leaving a window open deserve to be robbed - the idiots!" or "What did the stupid bitch expect leaving her handbag on the floor?"

Absolutely no difference between those crims and bitbet. The thing about both groups is they prey on people being trusting. They think someone trusting someone else is a fool. I expect MP was abandoned as a child and this is how s/he gets back at the world. Fuck all these criminals. All they ever get is a very short term gain then a life full of misery.

Then why is there any worry about last-minute bidders "scamming" other people at all?

Yes, refund minus some fee for the inconvenience. I don't see how it's scamming if the bet is at all in question when the transaction was made. If the price is at $749, is it a scam to bet that it will hit $750? What about $740? $700?

It's very simple as I see it, don't count bets that confirm after the bet is over. That way nobody can cheat the system. If someone tries to make a late bet and the transaction doesn't confirm, return the money minus a small fee. That money is not yours to keep, it's not yours at all. And in situations like the one OP bet in, price can move VERY fast and confirmations can take 30 minutes+ even with a generous fee sometimes. In fact I was watching the price that day and I wouldn't be surprised if the price on the exchanges went from ~$700 or so to $750 in a matter of minutes.

You should at least report the domain name for fake details.

http://www.whois.us/whoiscompliance/ComplaintMain.jsp I suggest you report both PoliMedia.us and bitbet.us

Then we can find out who's really behind this scam. As far as I can see they are some failed company  Norsena aka "Polimedia"[1] that's currently in Forfeited Existence[2] in texas. There's no privacy in .us domains. Let's see how soon the site changes domain name lol. polimedia.us points to that joke exchange that also takes most revenue .

Registrant Name: MARTHA MCCULLER
Registrant Organization: NORSENA
Registrant Street: 14781 MEMORIAL DR.
Registrant Street: APT 2454
Registrant City: HOUSTON
Registrant State/Province: TX - See more at: http://www.enom.com/whois/default.aspx?DomainName=PoliMedia.us#sthash.MFi6lY2k.dpuf

Here's the Norsena Co. details
http://www.wysk.com/index/texas/austin/8xt3ltu/norsena-inc/profile
Tax Forfeiture 02/08/2013 02/09/2013

bitbet.us make almost half their income from people like the op. The "Shareholders" aka apologists/paid shills on this thread should consider that and remember that being part of this fraud makes you a co-conspirator.

[1] http://www.enom.com/whois/default.aspx?DomainName=PoliMedia.us
[2] http://direct.sos.state.tx.us/help/help-corp.asp?pg=ov

I am reading the FAQ and if the website is coded this poorly I am amazed anyone in their right mind would use it.

"What if I created a bet address but can't bet right now?

Once you enter a receiving address and are given a send-to address, you have 3 days (72 hours) to send your bet. If your bet does not make it within 72 hours then that address will be reclaimed. BitBet will be unable to send you your BTC back, as they will have probably been allocated to someone else's bet! Always make sure that you send your first bet on a created address within 3 days of its creation. "

The operator of bitbet should return the coins and stop treating the FAQ as an excuse to take other people's property.

Refund.

If you don't want people to bet right before the bet ends, then simply reduce the potential winnings gradually right near the end.  For example, if they bet 10 minutes before the bet ends, only give them 10% of the winnings they would have had if they had bet 100 minutes before the bet ends, and spread the other 90% across to the other winners.  If it's 25 minutes beforehand, give them 25% of the winnings.  Etc, etc.  But if they lose the bet, they lose 100% of their bet.

It's not complicated, and you avoid stealing people's money without good reason.

Again I ask, what is your affiliation with this site?

The underlying theme of any MP-affiliated business is that the rules will be set up to protect that business's bitcoins at all costs, despite their user-unfriendliness. The unfortunate fact is that even though its very unlikely that OP was trying to scam, bitcoinland is full of people that can and do scam any service or person that has an exploitable weakness. The level of fraud among bitcoin users is tremendous, much higher than any other consumer financial environment. Hence, rules that seem reasonable based on real-world experience where perhaps 2% of transactions are attempted fraud leave bitcoin businesses too exposed, as this is an environment where perhaps 20-50% of transactions are attempted fraud.

Just add a reasonable fee for this kind of refund, it is more than enough to keep scammers away. Charge, let's say, 5% of the amount received. There is also the case "someone sends a transaction not so right before the bet ends, TX confirms after the bet has been decided", refund at 5% fee, too, obviously.

I can't even start to understand why you think this is not the proper way, and stealing is the correct choice. MP really got a legion of fans.

Your reasoning flaw is here, the site can not, and should not have to guess whether the request is legitimate or if a scammer is trying to get a refund on an attempted cheat.
It makes perfect sense from a business perspective to take a very clear position should this kind of stuff arise.

Seriously, how would you handle the case "someone sends an unconfirmed TX right before the bet ends, TX confirms after the bet has been decided" ?

Refund?
You want to discourage scammers, not have to guess every time whether the request is legitimate or not.

Thats the thing, how you know he was trying to scam the other bettors of their winnings and not trying to place a legit bet? Its a very thin line. I haven't actually check what he bet and at what time, but if the bet was still open at the time he initiated the transfer I don't see how he was doing this; and even if he did initiated the bet late, how do you know he was actually trying to scam and not making an honest mistake?

A good policy will only affect the scammers and not the honest people as well. From what I read here I have a very reasonable doubt he was actually trying to scam the bettors. If someone here can explain with details how he was trying to achieve this I might change my mind, but the system already rejects late bets, how is it that this late bet is different than the others? This is actually the fishy point that keeps bugging me.

Don't get me wrong, I never bet on the betting sites, mainly because I'm too paranoid and most of them look like they where not professionally done. I'm adverse to risks and I think that I'm not only risking in loosing the bet but in being scammed as well. Anyone could actually put up a decently looking betting site and wait for the fish to bet and take their money. I never actually checked them but I saw some fishy sites every now and then posted in the forum. If snackman was actually trying to scam the bettors I think it is bitbet's duty to show irrefutable proof of this; not only because it the right thing to do, but because I'm pretty sure it will affect their reputation if they don't. Right now if you google bitbet scam you will find 61600 results, which 3240 are posts from this forum. At the moment the amount of people adopting btc are comparable to the amount of people buying iphones (keiser's report), if this site wants to capture the emerging market, it should have clear, just and user friendly policies. I'm pretty sure there are a lot of newbie mistakes to be made on a lot of sites related to btc, and if the user actually made an honest mistake then the site is actually scamming the user. Investors of this site should actually be more worried about the site reputation than the measly 10 btc divided threw all of them. I don't actually get how come the support haven't tried to clear this up yet, my only clue is badly paid third party support...

This is at least my point of view, anyone is free to correct me if I'm wrong or to show proof the snackman was indeed trying to scam the rest of the bettors.

Apparently it won't be, since some people here seem to think stealing from its users is a commendable practice.