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Topic: Casualty List - page 12. (Read 27106 times)

hero member
Activity: 874
Merit: 1000
May 10, 2015, 12:22:46 AM
#47
The latest...  Do you see any others that belong here?


1) Mt. Gox
2) Bitinstant
3) Silk Road
4) Bex.io
5) Buttercoin
6) Brawker
7) GLBSE
8) inputs.io
9) GaW miners
10) SilkRoad#2
11) Butterfly Labs
12) CoinTerra
13) Mining ASICS Technologies (MAT)
14) Mintpal
15) ASICminer
16) Bitcoin24
17) HashFast
18) BTCT.co
19) Bittrivia
20) BitNetwork TV
21) Bitcoinica
22) Tradehill
23) Instawallet
24) AllCrypt
25) CryptoRush
26) bitlc.net
27) Intersango
28) bitbook.biz
29) PBmining
30) hashprofit
31) CryptoXchange
32) MyCoin (HK exchange)
33) Bitomat (Polish BTC exchange)
34) Bitp.it (mining pool)
35) Brasil Bitcoin Market (exchange)
36) BTC Buy
37) Btctip
38) Bit-Bank
39) Bitmit
40) Sheep Marketplace
41) hashie.co
42) Moolah
43) Seals with Clubs
44) mcxnow
45) x-bt
46) Justcoin
47) Living Room of Satoshi
48) Satoshi dice
49) Brawker


legendary
Activity: 1582
Merit: 1019
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April 21, 2015, 08:37:20 PM
#46
AFAIK, CAvirtex is back after Coinsetter acquiring... Smiley

It is back.
legendary
Activity: 1708
Merit: 1036
April 21, 2015, 08:36:29 PM
#45
Don't forget Allcrypt and Cryptorush. I'd take Cavirtex off the list though, as they seem to be calling out
"I'm not dead yet" from the handcart...

Like someone else said, plenty of banks and innumerable fiat businesses fail every year too. Keep it in perspective. Just think how things would be if the dollar lost 75% of its value in one year. I think the bitcoin companies have been fairly resilient.
hero member
Activity: 529
Merit: 500
April 21, 2015, 06:40:03 PM
#44
bitbook.biz  Grin
legendary
Activity: 2450
Merit: 1002
April 21, 2015, 05:18:07 PM
#43
Is ASICMiner officially dead?! ... no more new chips from them? If so... HELL YES FUCK YEAH!
sr. member
Activity: 518
Merit: 250
April 21, 2015, 04:35:04 PM
#42
CoinTerra, Ltcgear.com (not paying reward since last year), The Dutch company Mining ASICS Technologies (MAT) , Mintpal
a lot of them went down.

Don't forget GAW and AM, these companies are as good as dead in my opinion now;) Soontm to be officialy Smiley

Nah, that one s going to survive. The community s still strong there.

 Grin Grin Grin which one of those is going to survive AM or GAW? And since you mentioned some community support you must be talking about Homeros company and their hashtards, you are joking right? AM is not even worth discussing - it's out of the business after their latest project (AMHash scam). Good one Cheesy
hero member
Activity: 926
Merit: 1001
weaving spiders come not here
April 20, 2015, 08:50:17 AM
#41
Probably because it was a Money Services Business (MSB) that held stored value in the form of bitcoins through their escrow service until the buyer released the funds by acknowledging their receipt of the purchased goods.

The basic logic behind that is good. But it can't be applied to Bitcoin-based businesses, as BTC is a very volatile currency. For example, a buyer, who is selling some stuff for BTC0.10 (when the exchange rate is $900), can incur huge loses if the exchange rate drops to $200. Here, instead of $90, he is getting only $20.

You might want to take up that argument with the US Department of Justice and the US Department of the Treasury. They both disagree with you and apply it directly to Bitcoin.

Please read: http://www.fincen.gov/financial_institutions/msb/materials/en/prevention_guide.html
hero member
Activity: 882
Merit: 500
April 20, 2015, 01:15:56 AM
#40

Would mcxNOW fall in here? He never directly stole anything, but did sell 50,000 profit shares and closed down the exchange a few weeks later...
hero member
Activity: 812
Merit: 1000
Litecoin Association Director
April 19, 2015, 11:47:55 PM
#39
Moolah.io (separate from mintpal which he bought and gutted).
legendary
Activity: 3766
Merit: 1217
April 19, 2015, 10:29:53 PM
#38
Probably because it was a Money Services Business (MSB) that held stored value in the form of bitcoins through their escrow service until the buyer released the funds by acknowledging their receipt of the purchased goods.

The basic logic behind that is good. But it can't be applied to Bitcoin-based businesses, as BTC is a very volatile currency. For example, a buyer, who is selling some stuff for BTC0.10 (when the exchange rate is $900), can incur huge loses if the exchange rate drops to $200. Here, instead of $90, he is getting only $20.
hero member
Activity: 899
Merit: 1002
April 18, 2015, 07:03:28 PM
#37
Forgot the massive MyBitcoin wallet scam, probably the first large bitcoin 'business' to disappear.
Also Bitomat.pl exchange who shut down their EC2 instance and deleted their entire wallet accidentally.


newbie
Activity: 16
Merit: 0
April 18, 2015, 06:40:45 PM
#36
Casualty List?
I nominate the guy who tossed an old hard drive - containing thousands of Bitcoins - into the dumpster. Of course he was an early miner.
I really hate that this man didn't get his slice. Like the old Chinese curse says, "May you live in interesting times."
hero member
Activity: 926
Merit: 1001
weaving spiders come not here
April 18, 2015, 06:06:30 PM
#35
What was that Ebay-like site for Bitcoin...?

Bitmit.  Angry

I still don't understand why they closed it down.

Probably because it was a Money Services Business (MSB) that held stored value in the form of bitcoins through their escrow service until the buyer released the funds by acknowledging their receipt of the purchased goods.
legendary
Activity: 1806
Merit: 1024
April 18, 2015, 12:07:33 PM
#34
According to the FDIC, 486 credit-based fiat financial institutions failed between 2009 and 2015.

https://www2.fdic.gov/hsob/SelectRpt.asp?EntryTyp=30

That Bitcoin failures list is kiddy game bush league in comparison.

Yes, but Bitcoin is still way smaller than the whole fiat financial system. So in comparison the failure rate seems higher to me.

Of course, Bitcoin is still in its infancy and therefore attracts both a lot of bad actors and unprofessional entrepreneurs. But I'm sure that failure rates will improve with time.


What was that Ebay-like site for Bitcoin...?

Bitmit.  Angry

It was closed down almost an year ago. It was a great marketplace for the purchase of various legal products. I still don't understand why they closed it down. There is another site called Cryptothrift operating right now, but it is not that good.

I still miss Bitmit as well. It really started to gain some traction...

ya.ya.yo!
donator
Activity: 1617
Merit: 1012
April 18, 2015, 07:46:26 AM
#33
Just remembered another one:

- CryptoXchange

It wasn't a scam, although service got pretty bad towards the end.

EDIT: And does Bitcoin Magazine count?
legendary
Activity: 3766
Merit: 1217
April 18, 2015, 07:09:11 AM
#32
What was that Ebay-like site for Bitcoin...?

Bitmit.  Angry

It was closed down almost an year ago. It was a great marketplace for the purchase of various legal products. I still don't understand why they closed it down. There is another site called Cryptothrift operating right now, but it is not that good.
legendary
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
April 18, 2015, 04:25:08 AM
#31
What was that Ebay-like site for Bitcoin...?
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
April 18, 2015, 03:33:13 AM
#30
Does LTCgear counts into this? It s not strictly BTC company but a lot of people lost money there.
sr. member
Activity: 466
Merit: 500
April 18, 2015, 02:51:34 AM
#29
According to the FDIC, 486 credit-based fiat financial institutions failed between 2009 and 2015.

https://www2.fdic.gov/hsob/SelectRpt.asp?EntryTyp=30

That Bitcoin failures list is kiddy game bush league in comparison.

Now post the ratio of failed to not-failed institutions for both fiat and bitcoin ecosystems
sr. member
Activity: 252
Merit: 250
April 18, 2015, 02:46:19 AM
#28
Pff, I use bitcoin on a daily basis. It will never die. Not until I say so  Wink I got a guy here who gives out free resistors and shit, even microchips. Great guy, maybe he can get me an ASIC?  Grin
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