Topic: If *someone* is stressing BTC... Do you support stressing *someone*? - page 4. (Read 9593 times)

I opened several accounts and tried to send them my money. However, they never ever reacted.

At least, they have in the KYC-section an important text:



All you can do: Send them your Bitcoins. That's what I did (some dust). Since then, not a single support request was answered.

Instead, they claim to work now with OkCoin, BitFinex, BitMex and TeraExchange, selling BTC-bonds to clients.

Still convinced that this all is a fraud.

What's really weird is how Coindesk is reporting. They claim to have talked to a James Wilson, COO at CoinWallet. However, when posting comments at Coindesk asking in which jurisdiction the company is located or if there is any information who's behind Coinwallet, the comments are immedeately deleted.
I'm convinced that no "James Wilson" exists at coinwallet.eu. And thus, Coindesk isn't conducting any journalism, but paid PR.

It's clearly not a real service of any type. It's a front and nothing but. Someone else said they attempted to open an 'account' and amazingly enough nothing came through.

Coinwallet.eu is back online from my end.

can't wait to see how much money the blew away. apart from that, I will just use a little higher than usual tx fee.

One reason to raise a red flag on their actions regarding this stress test. Using fake identities and other fake info regarding their service is already a sign of something fishy,

Sounds like most the other Bitcoin services as well.  

Regardless of what they are I suppose it is what it is at this point.

Have you ever tried to use their services? Not existing...

It's all just a cheap publicity stunt if you ask me.  Trying to invoke fear into people to switch to their wallet and getting their name and service out there.  I know I'll never use their service.

As you may have noticed, I called it an organisation, not a company.

But that's only a tiny detail.

Have you seen their site? They claim to be based in Europe, with a presence in North America and Asia and to offer there
Now they have disabled their site. So nobody can access their wallets anymore. So would this be fraud or not?

Wait - they never did any business? They only set up this homepage with all this fake information - to hide themselfs before starting the "stress test"? Unknown persons, using fake information about themselfs, conduct a "stress test" for - what for? If they were a business, they would disable their clients to withdraw money in time. Which would be called fraud. If they were a business and have developed a wallet which would enable their clients to withdraw and deposit bitcoins faster than any competitor during a stress test - this would be fraud.

But right, I forgot: They don't exist as a company. They use their fake service and fake names when talking to the press for hiding their real identity. So why do they hide? Right: They try to delay payments. There have been many cases in the past all over the world in which payment systems were interrupted or attacks had the goal to delay payments. And yes, I must agree that I was wrong: These cases were not labeled "fraud" - but simple criminal acts.

As I type this post, mempool is at 273 kB. I wonder how would they create a 30-day backlog in the network?


Oh I see, so better to get those transactions done by now, I guess. (Or not, lol.) 



Just wth happened to them?

Apparently the real test starts Thursday.

Wondering what will happen. If it causes a serious disruption, the price (and reputation) of BTC could really plummet   :/

What do you mean, exactly? How have they committed fraud?

Sometimes I wish we had a popcorn emoticon.

coinwallet.eu IS a fraudulent organisation. And they have left some traces which could lead to them. So Mike Hearns is right: They could face criminal AND civil charges.

Mempool as I type this is 300kb. What happened to the month-long backlog?

Because Coinwallet.eu is using a virtual office.

Coinbase does at well.