I think the news is fake because btc is very safe...
so the only reason that he lost his btc by robbers is that he tell his btc address and password to robbers and they have forced may be to tell.......
so make your wallet safe and secured by public and even family friends......
Topic: NYC man robbed of bitcoins (Read 2545 times)
Regardless of almost anything you're trading, it should take place in a crowded place during daylight to minimize risk.
Umm https://en.wikipedia.org/wiki/Bystander_effect
The crowded space is not because they feel other people will step in to help you, it is more of a disincentive from someone trying to rob you as there will be more witnesses later who can describe the thief and corroborate the victims story to police. While it is true some purse/phone snatcher type may attempt this anyway, they rely more on speed and not standing around conversing with someone for any length of time.
Anyway, this type of exchange might be best to take place at the police station, bank or somewhere with lots of cameras (and people). In any event I don't think getting into a car in a dark ally with stranger is wise under any circumstances, Bitcoin related or otherwise.
Witnesses? Ha. Unless multiple witnesses are filming you and the perp in HD up close and/or they're armed (in the criminals' utopia of NYC, law-abiding civilians can't be, which is why this robbery was utterly predictable), all criminals safely assume they can get away with anything in public and if they're lucky, have someone else convicted in their stead.
Quote from: http://georgetownlawjournal.org/files/2015/06/Kozinski_Preface.pdf - Kozinski served as the Chief Judge for the 9th Circuit Court of Appeals
mistaken eyewitness testimony was a factor in more than a third of wrongful conviction cases
Almost all private CCTV cameras don't have sufficient resolution, focus, and zoom for facial recognition, and even if they did, would not guarantee a cop appears instantly to stop the crime, so criminals can safely give no fucks.
You may be safest in a police station, but even then, you might get arrested for "money laundering" or some other victimless, bullshit, non-actual "crime".
That's all pretty confusing. Katz claims to be robbed out of BTC, while police say his case is not bitcoin-related (?).
Katz lost the following, in addition to getting stabbed:
1. Bitcoin worth some $8,500
2. Fiat cash in US Dollar worth some $3,500
3. His new Samsung mobile phone
4. His credit cards.
As we can see here, the most valuable item was the Bitcoins. Can't understand why the cops announced that his case was not "bitcoin-related".
It probably was not Bitcoin related in the sense that they were not specifically out to acquire Bitcoins. I am sure they exchanged them for cash at the first chance they got so it was more of a crime about acquiring fiat. They could have held up someone selling PM's, or an expensive watch, etc. and the crime wouldn't be a watch related crime, it is just a robbery of items of value that can be easily converted into cash.
Regardless of almost anything you're trading, it should take place in a crowded place during daylight to minimize risk.
Umm https://en.wikipedia.org/wiki/Bystander_effect
The crowded space is not because they feel other people will step in to help you, it is more of a disincentive from someone trying to rob you as there will be more witnesses later who can describe the thief and corroborate the victims story to police. While it is true some purse/phone snatcher type may attempt this anyway, they rely more on speed and not standing around conversing with someone for any length of time.
Anyway, this type of exchange might be best to take place at the police station, bank or somewhere with lots of cameras (and people). In any event I don't think getting into a car in a dark ally with stranger is wise under any circumstances, Bitcoin related or otherwise.
My question is why is he selling his bitcoin? Coinbase has a wallet to transfer btc automatically into your own currency = into your bank acct the next day. Also he can get a xbit card.
Am I missing something here? Why would you need to sell your bitcoin to someone in person?
I've read some of the scams on localbitcoins where people show up with fake checks, threaten someone or worse and it always seems to be some sketchy meet up situation.
Am I missing something here? Why would you need to sell your bitcoin to someone in person?
I've read some of the scams on localbitcoins where people show up with fake checks, threaten someone or worse and it always seems to be some sketchy meet up situation.
It looks really similar to a fake news posted somewhere last year. That not few people took as real until proven false
I've considered sometimes using localbitcoins but im so paranoid about meeting IRL, who knows who is at the other end lol.
Regardless of almost anything you're trading, it should take place in a crowded place during daylight to minimize risk.
what part of anonymous transactions are you confused about? ^ satoshi laughs! :-)
Bitcoin is not anonymous by design.
sure ! tell that to all my friends who were using it back in 2012! it worked well for anonymous payments then ...did something change? * ? :\ hmmmmm
they think that doing it in real life is less anonymous, but they forgot about all the risk that this can lead
at least if you want to really trade in real life, do it with a very good friend and none else
at least if you want to really trade in real life, do it with a very good friend and none else
the loss of anonymity and the potential danger is what you risk for selling at a higher price; imo the tradeoff is definitely not worth it, id much rather use an exchange.
This is not the first robbery of bitcoin in NYC. There's a documented instance that happened last year and there's a thread about it in this forum. Anyway, the theft of bitcoin is rarely newsworthy, we all know that pure nature of the currency lends it to being a target for theft. Is it news if someone claimed "I was robbed, someone took my cash!"? No. Unless the volume is in the tens of Millions.
I think a better take on this is that if the NY Post is writing articles about bitcoin, bitcoin is becoming more mainstream. People in NY aren't going to be turned off of bitcoin due to the theft, they're going to be intrigued thinking "maybe this bitcoin is something I need to have!"
I think a better take on this is that if the NY Post is writing articles about bitcoin, bitcoin is becoming more mainstream. People in NY aren't going to be turned off of bitcoin due to the theft, they're going to be intrigued thinking "maybe this bitcoin is something I need to have!"
they think that doing it in real life is less anonymous, but they forgot about all the risk that this can lead
at least if you want to really trade in real life, do it with a very good friend and none else
at least if you want to really trade in real life, do it with a very good friend and none else
Regardless of almost anything you're trading, it should take place in a crowded place during daylight to minimize risk.
what part of anonymous transactions are you confused about? ^ satoshi laughs! :-)
Bitcoin is not anonymous by design.
Regardless of almost anything you're trading, it should take place in a crowded place during daylight to minimize risk.
We are normally cautious when we are trading for the first time with someone. But if we are dealing with some person, who has been doing trade for a long time with us, then sometimes we ignore the negative consequences, and get somewhat relaxed. Normal people tend to trust strangers after a few nice deals. And conmen are quick to exploit this trust.
Regardless of almost anything you're trading, it should take place in a crowded place during daylight to minimize risk.
what part of anonymous transactions are you confused about? ^ satoshi laughs! :-)
Regardless of almost anything you're trading, it should take place in a crowded place during daylight to minimize risk.
Umm https://en.wikipedia.org/wiki/Bystander_effect
Regardless of almost anything you're trading, it should take place in a crowded place during daylight to minimize risk.
Economically and potentially physically suicidal to trade BTC in NYC, if you don't go through metal detectors with armed security at all access points (ie courthouses). Or just violate "gun control", because violent criminals give zero fucks and have all the guns they want at all times everywhere else.
For me this is a reason to just use exchanges online for selling my bitcoins.. Luckily in the Netherlands there are plenty services that provide easy buying and selling of bitcoin without any wait time. It costs a couple % though.
i'm from the netherlands as well. i use bitonic for buying and selling. when you buy, you only pay €0.50 bank fee. for selling it cost you around 1 or so %.
the BurtW or Ross U. robberies are much more troubling, this was just a self employed robber - the organized criminals are much worse 
For me this is a reason to just use exchanges online for selling my bitcoins.. Luckily in the Netherlands there are plenty services that provide easy buying and selling of bitcoin without any wait time. It costs a couple % though.
The media is deffinitely corrupted.
of course, negativity is the main criteria for the media in this country. the news stations here cant even make a calm report on the status of ebola in the US, what makes you think they can make an informative report on bitcoin, which they probably know next to nothing about besides that it was used to buy drugs on silk road
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