Some of Steve Wozniak's bitcoins got stolen

Pan Troglodytes

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Quote from: pedrog on February 26, 2018, 08:49:55 AM

Quote from: stompix on February 26, 2018, 08:41:30 AM

Let me get this straight...

Steve Wozniak, with a net worth of 100 million $ sold 7 bitcoins online to an unknown guy using a credit card.....

Having trouble even imagining this

I'm with you on that.

Actually at first I believed that story, and after reading it I even posted a comment (related to it) in some other thread, but now, on a second thought and after reading your insightful comment I must admit: I doubt it even happened, too.

Kprawn

legendary

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This just shows how BAD credit cards are compared to Bitcoin. This is a EXELLENT example to people that Bitcoin transactions

are irreversible. This shows people one of the flaws in Credit cards as a payment option. I have first hand experience of the

flaws with Credit cards, because my Credit card details were stolen a few years ago. I hate Credit cards with a passion. Angry

Red-Apple

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Quote from: stompix on February 26, 2018, 08:41:30 AM

Let me get this straight...

Steve Wozniak, with a net worth of 100 million $ sold 7 bitcoins online to an unknown guy using a credit card.....

Having trouble even imagining this

exactly this.
sometimes i feel like bitcoin related news gets weirder every day! it is as if we don't have any more news and the news sites come up with the stories themselves. it is like a competition among them to see who can come up with the most outrageous story while keeping it believable.

VitKoyn

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Quote from: alyssa85 on February 26, 2018, 08:33:19 AM

https://economictimes.indiatimes.com/magazines/panache/would-you-believe-this-steve-wozniaks-bitcoins-actually-got-stolen/articleshow/63075377.cms

I have read this article and he said that he sold his 7 Bitcoin online to someone through a credit card which later on he knew that it was a stolen one. First of all he is an idiot to deal with a person that will pay him with credit card, everyone knows that it is possible to cancel transactions that is made with credit cards. This is why I don't know if it is a true story or he just want to make a bad statement about Bitcoin for the price to go down. But this is what will happen to those people that don't know how to make a secure deal, use an escrow or sell it to a reputable exchange it will be fine.

The Demon Slick

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yeah I'm with the skeptics. I'm not saying it didn't happen, but it didn't happen.
I'm sure it could happen. Maybe it did happen, to someone else, and he just plagiarized it.
Generally, the noob pays by credit card and never gets the btc, not the other way around, but I'm sure it goes both ways on occasion.
Bitcoin people don't sell by credit card very much. They use the exchanges. Noobs don't know how to do that or they aren't set up for it yet.
The exchanges take credit cards, they take the risk, the btc seller is not at risk.

alyssa85

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Quote from: stompix on February 26, 2018, 08:41:30 AM

Let me get this straight...

Steve Wozniak, with a net worth of 100 million $ sold 7 bitcoins online to an unknown guy using a credit card.....

Having trouble even imagining this

He's a trusting guy. He made his millions because he was good at tech and trusted Steve Jobs to run the business. He didn't get there through financial wizardy, but through trusting someone with his tech and trusting they wouldn't rip him off his fair share (and lets face it, he did get ripped off, he should have been worth billions but still ended up with 100 million).

odolvlobo

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Quote from: Ethan Friedman on February 26, 2018, 08:43:37 AM

Cyber security guys!!!!! It's so important! If this can happen to Steve Wozniak with his net worth it can happen to anyone. If you get into crypto be prepared to learn how to secure your own assets

You didn't read the article. Someone paid him with a stolen credit card.

papashark

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Good thing its only 7 bitcoin and not worth a huge part of his 100 million dollars. Anyway 7btc is still a huge money. Better charge to experience Steve, next time dont use a credit card, use debit card instead.

pedrog

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Quote from: stompix on February 26, 2018, 08:41:30 AM

Let me get this straight...

Steve Wozniak, with a net worth of 100 million $ sold 7 bitcoins online to an unknown guy using a credit card.....

Having trouble even imagining this

I'm with you on that.

Ethan Friedman

newbie

Activity: 7

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Cyber security guys!!!!! It's so important! If this can happen to Steve Wozniak with his net worth it can happen to anyone. If you get into crypto be prepared to learn how to secure your own assets

stompix

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Blackjack.fun

Let me get this straight...

Steve Wozniak, with a net worth of 100 million $ sold 7 bitcoins online to an unknown guy using a credit card.....

Having trouble even imagining this

alyssa85

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CryptoTalk.Org - Get Paid for every Post!

https://economictimes.indiatimes.com/magazines/panache/would-you-believe-this-steve-wozniaks-bitcoins-actually-got-stolen/articleshow/63075377.cms

Quote

Steve Wozniak has an inventive mind, so it comes as no surprise that he’s a fan of Bitcoin. The Apple cofounder spoke at the ET GBS about what made him a fan of the cryptocurrency. “Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can’t be altered,” he said.

Unfortunately, all of this doesn’t safeguard Bitcoin from fraud. The American inventor and philanthropist told a full house at the summit how his own Bitcoins got stolen. “The blockchain identifies who has bitcoins… that doesn’t mean there can’t be fraud though. I had seven bitcoins stolen from me through fraud. Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy! And it was from a stolen credit card number so you can never get it back.

This is the danger of credit cards.

And I believe that this is the reason many banks have banned purchasing bitcoin with credit cards - users scammed them by cancelling the purchase while keeping the coins.

If you want to sell, do it on a proper exchange.

Topic: Some of Steve Wozniak's bitcoins got stolen (Read 203 times)