Topic: Exchange accidentally sent 512 bitcoins after coding error - page 20. (Read 35497 times)

That is actually not true: read the article I linked.

Also, here's the Oregon law on the matter: http://www.leg.state.or.us/ors/164.html

I'll quote the relevant section (164.015):

Furthermore, because its value is greater than $1000 (164.055), it counts as a theft in the first degree.

Its true, now give me all your worthless bitcoins.
Of course its not true...but thats not the point so its not worth answering. The social contract injury here was wrongful disposition/conversion. It doesnt matter if the coins are worthless, he still committed theft. What people really care about is the respect of personal private property.

This guy was allowed to be a customer and he knew d**n well by signing up what social contract he was getting into.

You really seem to think the law is going to get involved?  What law lmfao WE LIVE IN DIFFERENT COUNTRIES.

oops, see https://bitcointalksearch.org/topic/m.499984

You are WRONG.  I am NOT in possession of anyone elses property.  Once the Bitcoin transfer was complete, it is MY property now.  You ALL know this.  That is how the game goes.  Stop acting like a bitch because you are jealous it didn't happen to you.

If I send you 500 BTC, it is YOUR property now.  NOT mine.  That is how BTC works.  WE ALL know this.

[05:21] <@Geebus> i see you really like your guns [04:47] if you want to keep them i suggest working with us
[05:22] <@Geebus> You threatened him with injury to his person or personal affects.
[05:22] Geebus, yes felons are not allowed to have firearms

^^^ I take that as a threat.  And so would a court.  But again, we live in different countries.  There is nothing legal that can be done lmfaooo

Would it be useful to establish legal precedent?


Ah, I see.  You should publicize the threats.

My initial email

Email sent after it become clear to me who he was (and I assumed he knew that I knew).

My final email to him is a comical attempt to verify that he was indeed receiving my emails, the image contained was hot linked and he did indeed download it.
Title: You are not this cool

This deserves more attention.  Yay for Vladimir!


gross incompetence?


see above


hmmmm, I'm curious about this.  Can anyone acknowledge or confirm the validity of this statement?

Let me throw a hypothetical at you. Suppose I DO see someone drop $50 but instead of either telling him about it or picking it up for myself I choose instead to ignore it and someone else behind me picks it up and keeps it. Have I committed a crime then?

That is NOT the case.  Patrick and Donald sent email after email threatening BenDavis and his family.  His children.  His freedom.  You make an EPIC mistake like this, and then you threaten someones KIDS about it?  That is NOT the way to get what you want back.


and...


The fuck outta here!!!!!!!!!!!!!!1  You cannot do anything about it.  You fucked up.  I am sure BenDavis welcomes you to try and press any kind of charges.  Being you publicly admitted the code is the problem.  Being that BTC is not legal tender.  Being that you live in another country lmfao

That seems to be a scam.  Perhaps bitcoin exchanges are scams too?

This is always a bitch. I've got a 21-year-old fuckwad that owes my girlfriend almost $20,000 and me over $40,000 in restitution for crashing into me while he was fucking hammered on the freeway, and that is just for incurred expenses, nothing as far as future medical and pain and suffering and all that BS.

The court has him paying us each $20 a month.

As far as the drama:

Just remember monopoly...bank error in your favor, collect $10.

The exchange is still liable to the people who want to buy/sell just like when a bank gets robbed they can't tell you "sorry, your money was stolen so we can't honor your withdrawal request". The exchange is even more liable because it was an error in their script that caused the problem, ergo their fault the money is gone. When a bank is robbed you can't blame the bank unless they have really sub-standard security in place that invites robbery, which can also be equated to this particular case. One can easily argue that the code wasn't sufficiently secure from error and that puts the liability on the exchanger.

Also, does ANYBODY really want to bring the authorities into this? The last thing anyone should want is bitcoin being mentioned in court documents. Bringing suit or prosecution on anyone for misappropriation of bitcoins only brings scrutiny on the entire system and probably hastening it's demise just like happened to egold and so many other anonymous ecurrencies then everybody loses.

I imagine (fantasize?) phantomcircuit had contacted him privately initially and probably in a polite manner, and it seems that BenDavis had ignored the private contact and thus led to contacting him publicly in IRC.

Important facts you guys are forgetting with all these TERRIBLE analogies and discussions.

1.  BTC is NOT RECOGNIZED as LEGAL TENDER in ANY COUNTRY in the ENTIRE WORLD, galaxy, even Mars.

2.  BTC were NOT stolen.  They were SENT to a wallet ID WITHOUT the recipient asking for them.

3.  NOTHING ILLEGAL HAPPENED.  An IRREVERSABLE TRANSACTION happened with a transfer of DATA that holds NO VALUE from wallet to wallet.  I can have 1 million BTC in my wallet and they are NOT WORTH ANYTHING until I TRADE THEM to an exchange, which THEN recognizes the data as currency.  Still does not make it LEGAL currency.

4.  The BTC did not gain it's value until they were SOLD.  AFTER THE TRANSFER.  The transfer from Patrick to BenDavis of 511 BTC indeed, held no value.  Value comes when you take the data to an exchange.  Hopefully NOT intersango.  They obviously do not know how to manage an Exchange.

5.  Sender lives in Europe.  Recipient lives in USA.  There is NOTHING legal sender can do to recipient.  Not to mention that any court in either country would recognize this as anything legal or illegal for that matter.  They will laugh in your face.  "Let me get this straight, you sent someone 'data' called bitcoins without them asking, and you want them back?"  LMFAO

If you wake up, and there are 511 BTC in your wallet, THEY ARE YOURS.  It is a different story if a Bank sends you funds to your LEGALLY RECOGNIZED BANK ACCOUNT, then yes.  You have a LEGAL obligation to send them back.  This however, is 'data' that you can trade for currency, yes.  But the 'data' itself is NOT RECOGNIZED AS LEGAL CURRENCY IN --ANY-- governing body in the entire WORLD!!!

This is not a 'oops I dropped 50 bucks on the ground' type case.  Because the 50 bucks is LEGAL TENDER and controlled by a Central Bank and governed!  BTC is NOT!!!

This is not a 'oops I built a fountain on your yard' type case.  Because the fountain is REAL!  You can see it.  You can touch it.  You cannot physically touch or see BTC data.

This is for sure 'oops my code sucks ass, I am not as smart as I think I am, I fucked up and sent data to another program that collects data.  I do not own this data either, it is data sent to me from OTHER people that use my exchange.  And if I do not get this data back, I will look like an idiot for losing my customers data - so I will make threats, physical, mental and legal threats on this persons family, child in hopes it will scare them in to sending the data back, but fully knowing that there is nothing I can do legally'

/rant

You are fucked Patrick.  You fucked up.  You blew it.  There is nothing you can do about it.  I would feel like a huge douche too if I was you and try to do anything I could to get it back.

https://intersango.us/templates/clean/img/patrick-cto.png

Yeah, BenDavis didn't steal the exchange's money, he stole the community's money, which could potentially be yours. ^_^   Therefore, that means if everyone at the exchange tried to withdraw their money, they couldn't because BenDavis has some of them, the exchange doesn't have them anymore.

See https://bitcointalksearch.org/topic/m.498999