Topic: I didn't want to do this. BTC Guy has not shipped or responded to me in a week. (Read 4022 times)
September 10, 2012, 11:11:24 PM
BTC guy offered to refund me the coins in his thread. I'll update the thread with more information as I get it.
September 09, 2012, 11:01:15 PM
Yikes, looks like he chose his spot to get out of dodge.
September 09, 2012, 01:44:35 AM
Escrow adds cost even to honest transactions. That cost can be justified if the escrow service has decent scam protection in the form of reliable arbitration. It's interesting that there does not seem to be much in the way of this kind of service available for online transactions, that I'm aware of. Probably ripe for some grad student papers.
September 08, 2012, 11:52:32 PM
In no-recourse moving the funds requires consensus of both parties. There is no economic value in pulling a scam. You can pull a scam but you will never get paid. You rep takes a hit and you get nothing for it. The net value is a loss.
Not true. In a no recourse, you say to the other person, "Approve the 10 BTC to me and I'll send 8 of them back to you. Otherwise, you get nothing." There's every incentive to pull a scam, you might get money and you have nothing to lose.Quote
Escrow doesn't need to be absolute scam proof it simply needs to raise the cost of a scam to the point it isn't worth it.
If it raises the cost on the victim, that doesn't help.I've yet to see a model that raises the cost on only the abuser and ensures that the abuser is not better off for having pulled the scam. Perhaps you know some combination of escrow rules and who pays when that I don't.
September 08, 2012, 10:05:48 PM
Depends on the terms of the escrow generally there are two routes: arbitration and no-recourse.
In no-recourse moving the funds requires consensus of both parties. There is no economic value in pulling a scam. You can pull a scam but you will never get paid. You rep takes a hit and you get nothing for it. The net value is a loss.
Escrow doesn't need to be absolute scam proof it simply needs to raise the cost of a scam to the point it isn't worth it.
In no-recourse moving the funds requires consensus of both parties. There is no economic value in pulling a scam. You can pull a scam but you will never get paid. You rep takes a hit and you get nothing for it. The net value is a loss.
Escrow doesn't need to be absolute scam proof it simply needs to raise the cost of a scam to the point it isn't worth it.
September 08, 2012, 10:00:11 PM
You can trade with anyone you want. Just use a trusted escrow agent. Bitcoin being irreversible is about trust. If you don't completely trust the person you are trading with you shouldn't send first. However if they don't completely trust you they shouldn't send first. Simple solution is use somebody you both trust.
I don't see how that works. I guess I've never understood escrow. How do they deal with these cases (assume you're buying a video card):1) Coins are sent. Package is sent and tracked. Recipient refuses package, saying he opened it in front of the delivery guy, it was empty and the delivery guy allowed him to refuse receipt even after he opened it. Sender says he got the package back and it was empty but that he shipped the video card. What does the escrow agent do? The shipper may have put the items in the package and the receiver removed them and then refused the package, in which case the coins should go back to the sender. But it's also possible the shipper shipped an empty box, in which case the coins should go back to the recipient.
2) Coins are sent. Package is sent and tracked. Recipient says item was not as described and mails it back to the sender. Sender says he received back an inferior item with a different serial number. What does the escrow agent do?
September 08, 2012, 11:57:48 AM
I actually wont trade with anyone called BTC(insert name) now after this, Have you noticed these users coming on that registered a year ago with no activity until now?
sorry, I'm just a conspiracy theorist.
sorry, I'm just a conspiracy theorist.
You can trade with anyone you want. Just use a trusted escrow agent. Bitcoin being irreversible is about trust. If you don't completely trust the person you are trading with you shouldn't send first. However if they don't completely trust you they shouldn't send first. Simple solution is use somebody you both trust.
September 08, 2012, 11:55:37 AM
I actually wont trade with anyone called BTC(insert name) now after this, Have you noticed these users coming on that registered a year ago with no activity until now?
sorry, I'm just a conspiracy theorist.
sorry, I'm just a conspiracy theorist.
September 07, 2012, 02:23:54 PM
Got this PM today:
Hello
Never been on this site before, but just had three people showup to my door that claim that they were from this site and claim he took him for 4k for a fail transaction, that came from MD, wonderiing if I was BTCGUY and this pr#ck is using my name and address on this forum I need any info from anyone, that had a transaction with this guy, to track him down. Looking for someone that had a successful transaction with this guy as with a tracking number so I can see what postoffice the package actually came from, or city, as he using my address in his profile, but is not where it was shipped from as I am the real Maurice Rivera and have no knowledge about this site except for what the member that showup to my door explained.
I repeat I am not BTCGUY, or any other alias he may have when under. But am the real Maurice Rivera and this a##hoe using my name and address, I reporting this guy to the police, but they need more info, So anyone with tracking info if you ever receive a package from him would be a good start, or any email address or phone number he may have used, or other name he may have when under.
My email address is [email protected] PM me and I give you phone # 773-354-3925
I am in no way connected to this guy and is now consider identify fraud as I am filing a report.
Never been on this site before, but just had three people showup to my door that claim that they were from this site and claim he took him for 4k for a fail transaction, that came from MD, wonderiing if I was BTCGUY and this pr#ck is using my name and address on this forum I need any info from anyone, that had a transaction with this guy, to track him down. Looking for someone that had a successful transaction with this guy as with a tracking number so I can see what postoffice the package actually came from, or city, as he using my address in his profile, but is not where it was shipped from as I am the real Maurice Rivera and have no knowledge about this site except for what the member that showup to my door explained.
I repeat I am not BTCGUY, or any other alias he may have when under. But am the real Maurice Rivera and this a##hoe using my name and address, I reporting this guy to the police, but they need more info, So anyone with tracking info if you ever receive a package from him would be a good start, or any email address or phone number he may have used, or other name he may have when under.
My email address is [email protected] PM me and I give you phone # 773-354-3925
I am in no way connected to this guy and is now consider identify fraud as I am filing a report.
September 06, 2012, 04:45:02 PM
Looks like someone else might have paid for these same goods...
http://blockchain.info/tx/3288f2ea89f420f5af3e49acb7c3a243117cee6288193ce2d1723ab74d04bef2
Also, in case it's disputed, both of the addresses mentioned in the OP belong to the same wallet, as seen here:
http://blockchain.info/tx/64baaca1b1b052fb1ee820afb2c08c2e01d5b69d07e482ab5d541487fa4eb682
http://blockchain.info/tx/3288f2ea89f420f5af3e49acb7c3a243117cee6288193ce2d1723ab74d04bef2
Also, in case it's disputed, both of the addresses mentioned in the OP belong to the same wallet, as seen here:
http://blockchain.info/tx/64baaca1b1b052fb1ee820afb2c08c2e01d5b69d07e482ab5d541487fa4eb682
September 06, 2012, 03:21:14 PM
Ouch. Painful to see our name in the log.
To anyone else not wishing to get burned in the future we can act as an escrow agent @ 0.5% to 1.0% depending on tx size and complexity.
To anyone else not wishing to get burned in the future we can act as an escrow agent @ 0.5% to 1.0% depending on tx size and complexity.
+1 Tangible, this guy is on my personal list of the most trustworthy people in bitcoin
September 06, 2012, 03:11:58 PM
LOL then I was saved just by my internet connection slowness. I had a deal with him in May to buy 600$ in GPUs from him, I even sent the bitcoins but the transaction wasn't broadcast by some nice reason. I regretted on the last moment, and I restored a wallet backup. Transaction wasn't broadcasted.
Thanks shitty ISP.
Thanks shitty ISP.
Wooow, that's really lucky. I didn't know bad connections can be good for something.
September 06, 2012, 01:06:41 PM
LOL then I was saved just by my internet connection slowness. I had a deal with him in May to buy 600$ in GPUs from him, I even sent the bitcoins but the transaction wasn't broadcast by some nice reason. I regretted on the last moment, and I restored a wallet backup. Transaction wasn't broadcasted.
Thanks shitty ISP.
Thanks shitty ISP.
September 06, 2012, 11:24:37 AM
Shit, maybe I have been scammed - https://bitcointalksearch.org/topic/bought-4-graphics-cards-from-btc-guy-no-response-after-a-week-106199
September 06, 2012, 11:23:34 AM
He's an opportunist, just waiting for the right sized (read: big enough) transaction to scam someone.
Yah. That post was shady as fuck. He kept changing story of what he had. Tried to warn people in that post but people will crucify you here if you claim scam without proof so was guarded in my warning.
September 06, 2012, 07:46:48 AM
He's an opportunist, just waiting for the right sized (read: big enough) transaction to scam someone.
September 06, 2012, 07:45:20 AM
That's why I didn't bought some GPUs from him some time ago. He's only some anonymous identity here, nothing that ties him with the community.
September 05, 2012, 11:07:46 PM
Heh, I remember joking that he was selling burgled goods. Very sorry you were scammed.
September 05, 2012, 10:36:09 PM
Ouch. Painful to see our name in the log.
To anyone else not wishing to get burned in the future we can act as an escrow agent @ 0.5% to 1.0% depending on tx size and complexity.
To anyone else not wishing to get burned in the future we can act as an escrow agent @ 0.5% to 1.0% depending on tx size and complexity.
I will use this service in the future. I have nothing but good things to say about Tangible. Sadly it looks like I won't get any response from BTC guy anytime soon.
September 05, 2012, 10:29:33 PM
Ouch. Painful to see our name in the log.
To anyone else not wishing to get burned in the future we can act as an escrow agent @ 0.5% to 1.0% depending on tx size and complexity.
To anyone else not wishing to get burned in the future we can act as an escrow agent @ 0.5% to 1.0% depending on tx size and complexity.
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