National Australia Bank Turns Back on Bitcoin, Closes Accounts

cosmofly

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Quote from: danielW on April 10, 2014, 08:08:50 AM

I am not sure if Zhou Tong is a scammer. I dont think he intended to rip anybody off. Seems likely he build a system that held a lot of money but did not deal with security appropriately. Maybe he could be accused of negligence.

At then end of the day he walked away with money but many of his users lost some, is that correct?

Having said that he was only 18 or so then so he probably learned some lessons.

Disclaimer/Promotion: For any Australians you can also use our service. www.hardblock.net. So far NAB has not contacted us. Coinjars account seems to be working also.

wtf ask any old timer even well known members they will tell u it was a scam

If he was really honest he would've refunded the members their money from the huge profits he makes at coinjar the scam exchange

danielW

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I am not sure if Zhou Tong is a scammer. I dont think he intended to rip anybody off. Seems likely he build a system that held a lot of money but did not deal with security appropriately. Maybe he could be accused of negligence.

At then end of the day tho, he walked away with money, but many of his users lost some, is that correct?

Having said that he was only 18 or so then, so he probably learned some lessons.

Disclaimer/Promotion: For any Australians you can also use our service. www.hardblock.net. So far NAB has not contacted us. Coinjars account seems to be working also.

seanneko

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Edit: Actually, I don't even care.

cosmofly

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Quote from: seanneko on April 10, 2014, 07:31:19 AM

Quote from: Oldminer on April 10, 2014, 07:26:56 AM

Quote from: seanneko on April 10, 2014, 07:22:27 AM

Quote from: cosmofly on April 09, 2014, 09:02:38 PM

Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.

Would you trust mark karp if he opened a new exchange? I don't think so

But people forget history too soon.

Coinjar are scamming Australians, why do people still trust scammers? Amazes me

Name one person who Coinjar has scammed. Every BTC I own has been purchased through Coinjar and I've never lost a cent.

I don't give a shit about the founders' history, as long as their business does what it claims to.

Mt Gox customers never gave a shit about Karpeles' history either until ignorance bit them in the ass.

Those that ignore history are bound to repeat it.

If anyone actually has evidence that Ryan is a scammer then I suggest you contact the AFP: http://www.afp.gov.au/

I have no affiliation with Coinjar or any of their employees. I'm just a satisfied customer who's slightly drunk right now.

Zhou was already reported to police

Tradefortress was also reported

Australian Police did nothing since bitcoiin has no legal status

Ignorant ppl like u lost all their money in gox , keep supporting that scammer

powersup

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Walking into NAB branch tomorrow and closing all my accounts. Goodbuy NAB!

So who will coinjar use now? CBA had kicked them to the curb prior to NAB.

seanneko

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Quote from: Oldminer on April 10, 2014, 07:26:56 AM

Quote from: seanneko on April 10, 2014, 07:22:27 AM

Quote from: cosmofly on April 09, 2014, 09:02:38 PM

Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.

Would you trust mark karp if he opened a new exchange? I don't think so

But people forget history too soon.

Coinjar are scamming Australians, why do people still trust scammers? Amazes me

Name one person who Coinjar has scammed. Every BTC I own has been purchased through Coinjar and I've never lost a cent.

I don't give a shit about the founders' history, as long as their business does what it claims to.

Mt Gox customers never gave a shit about Karpeles' history either until ignorance bit them in the ass.

Those that ignore history are bound to repeat it.

If anyone actually has evidence that Ryan is a scammer then I suggest you contact the AFP: http://www.afp.gov.au/

I have no affiliation with Coinjar or any of their employees. I'm just a satisfied customer who's slightly drunk right now.

Oldminer

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Quote from: seanneko on April 10, 2014, 07:22:27 AM

Quote from: cosmofly on April 09, 2014, 09:02:38 PM

Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.

Would you trust mark karp if he opened a new exchange? I don't think so

But people forget history too soon.

Coinjar are scamming Australians, why do people still trust scammers? Amazes me

Name one person who Coinjar has scammed. Every BTC I own has been purchased through Coinjar and I've never lost a cent.

I don't give a shit about the founders' history, as long as their business does what it claims to.

Mt Gox customers never gave a shit about Karpeles' history either until ignorance bit them in the ass.

Those that ignore history are bound to repeat it.

seanneko

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Activity: 196

Merit: 100

Quote from: cosmofly on April 09, 2014, 09:02:38 PM

Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.

Would you trust mark karp if he opened a new exchange? I don't think so

But people forget history too soon.

Coinjar are scamming Australians, why do people still trust scammers? Amazes me

Name one person who Coinjar has scammed. Every BTC I own has been purchased through Coinjar and I've never lost a cent.

I don't give a shit about the founders' history, as long as their business does what it claims to.

jubalix

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Activity: 2632

Merit: 1023

coin jar has been fast to buy BTC from and get it out, I have found, and good prices

YipYip

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Activity: 574

Merit: 500

Quote from: GigaCoin on April 10, 2014, 04:07:44 AM

Yeah this is true about Coinjar, I have expressed my annoyance at this multiple times before in many threads. I think it's not right for a known scammer to go on make millions if dollars when he was responsible for a scam where people lost a lot of money. I also refuse to use that service

Most people I believe are not aware that coinjar is owned by Zhou Tong

if this is true ..then everybody should not touch it with a

GOX POLE DIPPED IN PIRATE40 SHIT

TERA

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I remember last year at $120. We brought up the issue of how much room bitcoin had to rally with regards to governments and concluded that bitcoin had a lot of room to rally because it was so small that it was not attracting the attention of any governments yet and nobody would bother to regulate it or interfere. It was good times and a bright future. Nothing bad had happened yet, and I didn't think it would happen any time soon. I thought even at $1000 it would still be too small for regulation/bans and that it might make it all the way to $10,000 before such a thing would begin to happen. I was very bullish back then. Now if you were to pose the same question today...

southerngentuk

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Thanx for the education.

I guess its gonna get increasingly more difficult in the future down here in Aus

GigaCoin

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Giga

Yeah this is true about Coinjar, I have expressed my annoyance at this multiple times before in many threads. I think it's not right for a known scammer to go on make millions if dollars when he was responsible for a scam where people lost a lot of money. I also refuse to use that service

Most people I believe are not aware that coinjar is owned by Zhou Tong

GTO911

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Bitcoin is dying, run for the hills

cosmofly

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Quote from: southerngentuk on April 09, 2014, 09:17:42 PM

Quote from: cosmofly on April 09, 2014, 09:02:38 PM

Quote from: southerngentuk on April 09, 2014, 08:59:17 PM

Quote from: cosmofly on April 09, 2014, 08:47:05 PM

None of the big4 accept Bitcoin, coinjar bitcoin exchange (also created by a scammer) was using NAB.

For the mainstream in Australia (other than self righteous hipsters) Bitcoin is done for.

Am not convinced coinjar is a scam. I was just about to buy some coin through them but other financials got in the way so I pulled my funds back without problem.

I did find them really slow on both the deposit and withdraw and there prices lag a lot, so i would not go as far to recommend them.

But scam maybe a little strong.

Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.

Would you trust mark karp if he opened a new exchange? I don't think so

But people forget history too soon.

Coinjar are scamming Australians, why do people still trust scammers? Amazes me

Is there a scam thread on them you can link to.

Google Zhou Tong

He stole (under fake security breach) Bitcoins worth Tens of Millions of Dollars today

Now he is scamming dumb Australians even more with Coinjar, most people are not aware!

http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/

He should actually be in jail now, but since bitcoins don't have legal status he got away

Do your research, there are too many scams around Bitcoin!

southerngentuk

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Activity: 1316

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Quote from: cosmofly on April 09, 2014, 09:02:38 PM

Quote from: southerngentuk on April 09, 2014, 08:59:17 PM

Quote from: cosmofly on April 09, 2014, 08:47:05 PM

None of the big4 accept Bitcoin, coinjar bitcoin exchange (also created by a scammer) was using NAB.

For the mainstream in Australia (other than self righteous hipsters) Bitcoin is done for.

Am not convinced coinjar is a scam. I was just about to buy some coin through them but other financials got in the way so I pulled my funds back without problem.

I did find them really slow on both the deposit and withdraw and there prices lag a lot, so i would not go as far to recommend them.

But scam maybe a little strong.

Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.

Would you trust mark karp if he opened a new exchange? I don't think so

But people forget history too soon.

Coinjar are scamming Australians, why do people still trust scammers? Amazes me

Is there a scam thread on them you can link to.

cosmofly

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Activity: 532

Merit: 100

PrimeDAO - An Adoption Engine for Open Finance

Quote from: southerngentuk on April 09, 2014, 08:59:17 PM

Quote from: cosmofly on April 09, 2014, 08:47:05 PM

None of the big4 accept Bitcoin, coinjar bitcoin exchange (also created by a scammer) was using NAB.

For the mainstream in Australia (other than self righteous hipsters) Bitcoin is done for.

Am not convinced coinjar is a scam. I was just about to buy some coin through them but other financials got in the way so I pulled my funds back without problem.

I did find them really slow on both the deposit and withdraw and there prices lag a lot, so i would not go as far to recommend them.

But scam maybe a little strong.

Don't ignore who created coinjar, check who the owners are. One of the largest Bitcoin scammers in history owns it.

Would you trust mark karp if he opened a new exchange? I don't think so

But people forget history too soon.

Coinjar are scamming Australians, why do people still trust scammers? Amazes me

southerngentuk

sr. member

Activity: 1316

Merit: 254

Sugars.zone | DatingFi - Earn for Posting

Quote from: cosmofly on April 09, 2014, 08:47:05 PM

None of the big4 accept Bitcoin, coinjar bitcoin exchange (also created by a scammer) was using NAB.

For the mainstream in Australia (other than self righteous hipsters) Bitcoin is done for.

Am not convinced coinjar is a scam. I was just about to buy some coin through them but other financials got in the way so I pulled my funds back without problem.

I did find them really slow on both the deposit and withdraw and there prices lag a lot, so i would not go as far to recommend them.

But scam maybe a little strong.

cosmofly

full member

Activity: 532

Merit: 100

PrimeDAO - An Adoption Engine for Open Finance

None of the big4 accept Bitcoin, coinjar bitcoin exchange (also created by a scammer) was using NAB.

For the mainstream in Australia (other than self righteous hipsters) Bitcoin is done for.

YipYip

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Activity: 574

Merit: 500

There are some of the smaller banks in OZ that are still bitcoin friendly

NAB are pussys ..I should know I worked for them 5+ years

Topic: National Australia Bank Turns Back on Bitcoin, Closes Accounts (Read 2627 times)