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Topic: The Bank of Bitcoin- The World's Most Secure Bitcoin Service- Unhackable! - page 7. (Read 6864 times)

hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
The OP sent me a picture of herself (with the web address/my name) which matches up with the image of the LinkedIn profile for Veronica Kearney posted above, so that may give some reassurance for some, and hey, there's no such thing as women scammers, right?  Cheesy

Better hide before people start saying you're an accomplice and demanding your ID too Grin

Also:

a) Photo could have been doctored
b) Photo could have been taken ages ago
c) People have held up signs before without knowing what they mean

Edit: Grammar
hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
This screams "scam" to me, but hey I could be wrong.

Good to be sceptical but even better if you could provide some reasoning for why you think it's a scam.
I'm always sceptical, well paranoid I should say.

A few things:

The whois information for the domain is private.

The site just has that 'scam' look (Can't explain what I mean by that)

The fact that the OP seems to have used an alter ego to promote the site, here, judging from the grammar/wording:
 Paper Vault is always in quotation marks; the hyphenation of certain words, which isn't common, or correct to use; and the fact that account only has one post promoting the site

The 'owner' of the site claims to be this person (woman) on LinkedIn, so if the OP can post a picture of themselves on here holding a note saying "Bank of Bitcoin", I'll shut my mouth: just to make sure they haven't set up a fake profile with a random photo to make it/them seem more legitimate.


As I say, I'm paranoid, so I could be wrong, but I'll be keeping away.

A poor design always looks a bit 'scammy' - it isn't necessarily so. A slick website can be a scam too. In fact a slick website is one of the better ways to scam because you then have people's confidence from the get-go.

You might accept a photo as proof of identification but there will be around 20% of the people here that will claim it's doctored (Photoshopped). The only way to satisfy these people will be a video which specifically answers one or two questions asked on this forum with today's newspaper and a redacted photo ID otherwise the hardcore will claim a photo of the ID has been photoshopped.

Edited: Clarified some details.
hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
If you really see what's going on, you'll see there is no scam- just a good idea, and one that can inspire confidence in the Bitcoin fear-mongering skeptics, especially the ones that have no idea from a technical standpoint what they're talking about.

Kruncha- This is actually my first account, but my partners have been registered which is how I knew to post here. For the record, I did not do all of this by myself, but they want to stay behind the scenes for now. It's argued that because it was my idea, I have to be "the face".  Undecided As you can see, it's a joy as expected.

Scab- I'm not really clear on why lots of previous posts equals legitimacy, perhaps that reflects my noob status. And I'm not a dude!

Welsh- Check out the site, that's exactly what we allow you to do. Unlike other Bitcoin services, you and only you store your Private Keys. Most people don't use Bitcoin, let alone know how to use it. The Bank of Bitcoin provides a seamless, user-friendly way to create Paper Wallets and to accept payment, spend Bitcoins, and to transfer to other members out of your Paper Wallet (what we call Paper Vaults). We don't claim to keep them, we don't (and can't)! The idea is that you keep your Private Keys safe. At the same time, you don't have to run Bitcoin software, and creating the Paper Vaults takes seconds. Furthermore, as a Bank Member, you can spend your Bitcoins from any internet-connected device, given you have your Private Key on you. Convenience, security, and control of your Bitcoins. That's the idea.

I think part of the problem your'e facing is that not enough people understand how the paper wallet works.

The use of the word 'bank' has got people who react before they read to assume you're storing coins.

People are also made more sceptical by the fact that registration details are hidden in the whois info.

Sure, you probably don't want to give out your address but I think the minimum people will want is a physical office address where the philanthropists operate from.

You'll need to endlessly repeat yourself as more users come online tonight.

Take your time. Be patient.

A lot of the success of this venture is dependent on you remaining cool and collected. Your patiences will be tried but that's what you'll have to deal with.

As I mentioned in my previous post. There are 2 things you'll need to do at a minimum to convince 99% of the people here. There'll be 1% that won't believe you until you become part of their family so I wouldn't worry about them.
full member
Activity: 238
Merit: 100
The OP sent me a picture of herself (with the web address/my name) which matches up with the image of the LinkedIn profile for Veronica Kearney posted above, so that may give some reassurance for some, and hey, there's no such thing as women scammers, right?  Cheesy
newbie
Activity: 29
Merit: 0
sr. member
Activity: 252
Merit: 250
That people still fall for this shit is pretty funny Grin Grin Grin

May all fools lose their money to 'The Bank of Bitcoin' owners
full member
Activity: 238
Merit: 100
I'd advise you drop the word unhackable from your communication. You can express the fact you have a strong focus on security without using that word. No need to claim the unclaimable, it will just backfire the day you are compromised.
Didn't you hear the Titanic was unsinkable, and look how that turne...Oh, wait.
newbie
Activity: 18
Merit: 0
I'd advise you drop the word unhackable from your communication. You can express the fact you have a strong focus on security without using that word. No need to claim the unclaimable, it will just backfire the day you are compromised.
sr. member
Activity: 644
Merit: 250
[...]

I believe the idea is to make Bitcoin more accessible to the every day user - In the same way windows made PC's accessible (It doesn't mean it's the best, just an easy alternative).

K.

How is storing a wallet on a computer not "accessible to the every day user"?

I know a lot of people who don't grasp the concept (most actually Grin) of wallets/blockchains etc. They do use online banking though, and a comment I hear frequently is "I would love to try Bitcoin, but I'm not IT savvy enough." - I always try to explain they don't need to be, but fail...

I'm not condoning this enterprise, I can't say it's not a scam, I just like the idea of more people getting on board with Bitcoin.

K.
newbie
Activity: 56
Merit: 0
[...]

I believe the idea is to make Bitcoin more accessible to the every day user - In the same way windows made PC's accessible (It doesn't mean it's the best, just an easy alternative).

K.

How is storing a wallet on a computer not "accessible to the every day user"?
sr. member
Activity: 644
Merit: 250
I fail to see why another entity is required to store Bitcoins.

Isn't one of the main points of Bitcoin decentralization?  If so, why introduce more centralization?

I believe the idea is to make Bitcoin more accessible to the every day user - In the same way windows made PC's accessible (It doesn't mean it's the best, just an easy alternative).

K.
newbie
Activity: 56
Merit: 0
I fail to see why another entity is required to store Bitcoins.

Isn't one of the main points of Bitcoin decentralization?  If so, why introduce more centralization?
full member
Activity: 238
Merit: 100
Stefan- Thanks.

 I'll post a picture, or send it to you in a PM if that's alright.
Sure, go ahead.


The whois information lists my name, it is definitely not private. It may have made my mailing address private, but that may be something they do as a policy. Seen here:  http://whois.domaintools.com/thebankofbitcoin.com

I've never seen a domain registrar publish only a name and nothing more (even if whois protection is used, they still publish the proxy details), but you may want to change that to add a little more trust.
newbie
Activity: 28
Merit: 0
Stefan- Thanks.


Open Your Eyes- that looks like it may have been a friend of one of my partners, heh it wasn't me. Or perhaps a user, to be optimistic. We do have users, but that seems rather strange as the website wasn't complete until the beginning of this month. I'll post a picture, or send it to you in a PM if that's alright.

The whois information lists my name, it is definitely not private. It may have made my mailing address private, but that may be something they do as a policy. Seen here:  http://whois.domaintools.com/thebankofbitcoin.com

Scab- Although it requires some technical understanding, we never have access to the Private Keys in your Paper Vaults. Even if my family was being held hostage as you put it, we couldn't spend your wealth. We are legitimate.
newbie
Activity: 28
Merit: 0
Krazriko and Kruncha- Thanks very much for your understanding and input. Whenever we deal with Private Keys, nothing is sent or seen over the internet. Regarding the generation of your Private Keys, this is done on a page using client-side javascript and is never revealed online or transmitted in any way. Your Private Key is in fact not seen online, or by us. For someone to get into the system you referred to (the client-side webpage where you enter your Private Key), they would have to be hacked into your individual computer and watching what you were typing. When you want to create a transaction, you do enter the Private Key on your computer on the client-side webpage, and when you click submit the Private Key is not submitted- ONLY the transaction string and other public information, like your public Bitcoin Address as well as that of the recipient.

The webpage, including the java-script program, is sent over the internet onto the user's computer- and then, on the user's computer the Private Key is generated. However, if you're paranoid, once you clicked on the "Create Paper Vault" page, you could immediately disconnect your ethernet or wifi. You could even save the page, go offline, load the saved page and generate new keys. There really is no need for that, but if it makes you feel better then I guess it works Smiley

Furthermore, you don't have to send the whole contents of your Paper Wallet to your Active Wallet when you want to access your Bitcoins. You can choose exactly how much you want to send to the Active Wallet. I hope I addressed that concern, I had to contact one of our programmers to double-check that my reasoning was correct.  
full member
Activity: 238
Merit: 100
This screams "scam" to me, but hey I could be wrong.

Good to be sceptical but even better if you could provide some reasoning for why you think it's a scam.
I'm always sceptical, well paranoid I should say.

A few things:

The whois information for the domain is private.

The site just has that 'scam' look (Can't explain what I mean by that)

The fact that the OP seems to have used an alter ego to promote the site, here, judging from the grammar/wording:
 Paper Vault is always in quotation marks; the hyphenation of certain words, which isn't common, or correct to use; and the fact that account only has one post promoting the site

The 'owner' of the site claims to be this person (woman) on LinkedIn, so if the OP can post a picture of themselves on here holding a note saying "Bank of Bitcoin", I'll shut my mouth: just to make sure they haven't set up a fake profile with a random photo to make it/them seem more legitimate.


As I say, I'm paranoid, so I could be wrong, but I'll be keeping away.
member
Activity: 85
Merit: 10
Nice idea, time will show if it's really unhackable
legendary
Activity: 1050
Merit: 1000
You are WRONG!
a) Nothing is Unhackable.
b) This is stupid! the whole concept of bitcoin banks is ridiculous.
c) DO NOT TRUST PEOPLE WHO SAY THEY WANT TO "STORE" YOUR BITCOINS!
newbie
Activity: 14
Merit: 0
No bank is completly safe.. Say someone holds your family hostage i bet youd empty all the accounts in a sec
sr. member
Activity: 644
Merit: 250
I must admit, I don't like the term 'Bank', and I agree with what kazriko^^ said. but, other than that, you've given reasonable answers for a reasonable idea. Although, I'm the type to sit back and watch for a while, I wish you luck.

K.
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