Topic: titan bitcoin - page 2. (Read 17698 times)

^jesus christ, stop with the empty accusations and go file the relevant police/court documents then.

regardless of the exact database state, it NEVER said that the coin was funded, and you bought it from a 3rd party without doing this fairly simple research.

On top of that, you cant even remember who you bought it from, which is pretty shady.

> How can you say that the person you bought it from did not redeem it?

It was perfectly sealed. I have no suspicion at all that the seal was tampered with. Tim is claiming that the seal was tampered with by an unknown person, and he has no proof. His proof is a database that says the coin was never funded. He's in dispute with his own database about whether the coin is funded.

I opened a perfectly sealed coin and then when I went to redeem it, I got conflicting evidence between what Tim says and what his website says. I can obviously trust neither. They are both telling me that there is no bitcoin associated with this coin. Tim is claiming already redeemed, but he has no address associated with the coin and no transaction he can prove was the "redemption" transaction. His website / db is claiming the coin was never funded in the first place.

It may be considered securities fraud because in this case, the coin does not represent cash, but an "IOU" that Tim gives out to people. If the bitcoin was actually on the coin, Tim could not just decide he is angry at a customer and then say, fuck it, I'm going to take that money and give it to someone else instead. Tim is still in control of all the private keys of all the "2FA" coins, and he could, at any time, spend those funds and alter his database to say that they were "not yet funded". Just because your coin says "funded" now doesn't mean it won't say "not yet funded" after Tim goes and spends the bitcoin. So it's not just fraud, but securities fraud. It is a futures option for 1 bitcoin, to be paid at the date of "redemption" of the customer's choosing. He is holding a bunch of people's private keys, for them, with these 2FA coins, it's arguably just a physical voucher to his private key "holding" service, but also physically indistiguishable from other, identical coins, that actually *do* represent cash because they hold a private key. Now the database associated with the Titan Btc holdings records is shown to be corrupted, because Tim has admitted that whether or not the coins show up as "funded" only depends on whether an email confirm link is clicked, not whether or not the coins are *actually funded*. He is always in control of the private keys for these coins, so "funded" in this case doesn't actually mean any bitcoin is on the "physical bitcoin", of course, also.

When you say you trust your Titan coins, what I hear is that you trust that when you need the funds, Tim will be around and he won't suddenly go into conflict with his own system and deny payment from a private key that he controls. Which is what happened to me. How does Tim even know that the coin is redeemed if his database shows it as "not yet funded"? How could some person have redeemed the coin via his website if the website database thought the coin was "not yet funded"? How many separate databases are there, and how many of the records are in conflict among them? Titan Btc's security policy regarding these databases seems lax, to me.

I cannot legally accept any money from Tim or do any business with him, because I now suspect him of fraud. If he is exonerated of fraud, in court, I will write the coin off as a loss and I will publicly apologize to him. If he is convicted of fraud, "securities fraud", or any other crime related to this issue, I will expect restitution as a victim of his financial crime. The specific charges will be for the DA to decide. I am not suing him personally because I don't want anything from him, unless he is convicted in criminal court.

What securities were involved? If anything, it would be just regular fraud. You did not buy the coin from them directly so you can not say whether or not the coin was tampered with. I would assume Tim could see the date and IP of who redeemed the coin? Had you bought this directly and tried to redeem and it was empty that would be on them. How can you say that the person you bought it from did not redeem it?

I have not given up claim on any monies that Tim owes me. If I get payment, it will be as a victim of his securities fraud scheme, not a payoff to not report him to the DA.

> I own several Titan coins and never once questioned them as far as being legit.

I never questioned the legitimacy of any of my Titan coins either, until I unsealed one and it turned out to be a "schroedinger" coin that is either "not yet funded" or maybe "already redeemed" depending on whether you believe Tim or his website.

>trying to blame the wrong people

I disagree. I don't think that coin was tampered with. I think Tim robbed me.

You are now suggesting that he donate the proceeds of his crime to charity. He can donate everything he owns to charity, he's still going to jail. It's very likely that whatever charity he "donates" 1 btc to at this time would be asked to put that money back into a trust during the criminal investigation anyhow. I don't recommend trying to involve any more third-parties here, Tim.

Don't trust Titan Btc. I was defrauded and robbed by Tim Fillmore.

I own several Titan coins and never once questioned them as far as being legit. Todamont you unfortunately fell for a scam and are trying to blame the wrong people here. Do not be dumb...just take the gracious offer of the bounty and cut your losses.

If he still does not want the bounty then maybe donate to the EFF?

https://supporters.eff.org/donate

@jaydipmodhwadia

That's a fantastic idea.  I'm 100% on board with donating the Bug Bounty to a charity if Todamont declines it.  I offered a bounty of 1 BTC, not because the bug was necessarily worthy of that amount, but because I felt that it would be an avenue by which Titan could help a customer out of a frustrating situation.  Todamont has declined the bounty here, and via email, but I'd like to give him 48 hours to change his mind.

@Michail1

You are exemplary of many of the things that I love about the bitcoin community.  I won't hold you to the offer, since you didn't know the amount of the bounty when you made it, but just the fact that you made the offer restores faith in this community.  Bitcoin was founded as a community working together to push positive change forward and it has been a privilege to be a part of this piece of history.

In the meantime, under the assumption that Todamont does not change his mind and accept the bounty, anyone that wants to suggest worthy charities is welcome to do so.  I'm a fan of Jason King with Sean's Outpost, but there are a ton of worthy causes that are warming up to Bitcoin.

You're an idiot who does not understand when people (namely Tim) are actively trying to help you out, and simultaneously falls for the oldest scam in the book (of buying something worthless without doing research)

If you stopped screaming "lawsuit" over and over, you might actually be able to read TitanBTC's replies



or just file the police report and let them work with TitanBTC for you. You have been threatening that for a few days but failed to actually do anything but mention your gun ownership and allude to wanting a restraining order against a customer service rep

If Todamont publically declines the bounty (please), and there is real and true charity which accepts the bounty, I will personally match the amount.

That said, I would hope the bounty to be very low, not because of the value, but because the bug was not one which made coins appear as Funded if already redeemed.  If that were the case, the bounty should have been the full 1BTC amount.

Tim, you have been quite brave by replying to Todamont.....
He has a foul mouth, however I nor anyone of us can heal it.

Todamont, you have been given a "bug bounty" which you should accept as its a "bug bounty" not a refund.

Tim, may I make a suggestion if Todamont does not accept the bounty?
I suggest that you donate the value of the bounty to a charity which accepts bitcoin....
I hope I have helped in any way.
~
J

I can not accept any payment on this coin, now, ever, as it could implicate me in theft or fraud. I don't want to be seen as someone who may have tampered with a coin or as someone who has taken payment to "shut up" about any possible fraud scheme perpetrated by Titan Btc.

That's your prerogative to file charges.  I apologize if I misunderstood your comments about owning a gun as being threatening.  That was probably just my interpretation.

I answered a question about this case in private, which should be made public for clarity.  

The 110% guarantee is good for forever.  If at any time in the future we learn new information that indicates that Titan was at fault in this case, we'll send Todamont 110% of the value of his loss and will post the details about such a security breach to the forum to let Titan coin owners know about it.  

[Edited] typo..."the" to "that"

I cannot accept a "bug bounty". Especially from someone who insults me in the email where they are trying to offer a "resolution".

You're a thug, Tim. Enjoy being arrested. Stay away from my house.

I'm filing charges against you, Tim. For fraud and theft.

Don't trust Titan Btc. I was defrauded and robbed by Tim Fillmore.

I never threatened you Tim, I told you to stay away from my house because I was afraid of you. You're an arrogant bully.

You are in dispute with your own website about whether the coin I hold has ever been funded. You are going to lose in court.

Youre a better man than me. 

I appreciate your frustration with how Todamont behaved in this thread.  Heck, I'm pretty sure he threatened me personally with physical violence, but its not my place to teach Todamont a lesson in this case. 

We're merely trying to fulfill our edict of serving our customer's needs.  A bug bounty is fair in this case, and it also represents a way we can help a customer out of a frustrating spot.  At the same time, it allows us to correctly avoid any implication that we were responsible for his loss.

All customers will get the same treatment.

Get him to publicly recognise what a foul mouthed deluded child he has been first, or send it to his favourite charity. He will interpret the payment as vindication to continue accusing people of all sorts of bullshit, otherwise. Just my opinion. 

Our database is back up and running normally.  If anyone is still experiencing any issues, please refresh your pages as some IP addresses have changed.

While it was not directly related to Todamont's issue, in the process of doing this security audit, we determined why some coins that have been redeemed are showing the "Not-yet-funded" state.  I originally thought it was a simple data entry mistake on my part, but it was not.  It's an intermittent error in the process associated with redeeming a coin, in which the DB fields that indicate the output address of the redemption transaction are occasionally not populated correctly. If that field is missing, the page state reverts to the default of "Not Yet funded". 

I have a "patch" for the process ready, but I'll be waiting to apply it until Todamont has found a satisfactory resolution for his issue, as he's concerned that we're attempting to cover something up here.  When the patch is implemented, all 2FA coins that have been redeemed will correctly indicate their redeemed state.  I uncovered about a dozen coins that should be showing as "redeemed" but are instead displaying "Not yet funded".  This was not a security flaw, as much as it was an overlooked part of the process.  Intermittent problems are hard to notice.  While this issue is unrelated to Todamont's loss, it was discussed here so I'm addressing it in this thread.

To address Todamont's primary concern, we're 99.9% sure at this point that we did NOT have a security breach in our system/process, which means that Todamont's coin had the hologram lifted without the security seal being visibly damaged.  This has been done to many others before, but it was the first time we've seen it with our coins.  The 2FA coins are specifically designed to protect coin owners from this type of theft, as the redemption process requires an additional email verification step. 

In Todamont's case, he apparently didn't know what he was buying and purchased a 2FA coin thinking it was a private key coin.  As a result, he didn't make use of the protections our 2FA system provided, which would have saved him from this loss.

I will now be shifting gears toward supporting Todamont in filing a police report against the party who is likely responsible.  Because Todamont was the injured party, and not Titan, we can't file a report on his behalf, but we'll be supporting Todamont and encouraging him to do so.

Lastly, we would have not identified the intermittent issue with our page states if Todamont had not brought the matter to our attention.  This issue qualifies under our Bug Bounty program.  I will be paying Todamont an appropriate bug finding bounty, as a gesture of thanks for his persistence in bringing this issue to our attention. 

Anyone else is welcome to send us bug reports and we'll evaluate them on a case by case basis to determine the bounty amount (from 0.2  to 1 BTC).

A chinese fake is: http://www.ebay.com/itm/181783897939
or ... http://imgur.com/oOVpacj
There are probably more types, but that is the common one.  No holo and not even a flat back to place one.

Spoken like a true scammer.  'If I can't get the full amount, I might as well try to get half the amount.'  'Send me half first so I can claim I didn't get it in order to force you to send another half.'

Titan wants to help you out with any legal action, but you clearly stated you didn't want to go that route?  WTF?  You don't want to go after the person that scammed you, so you will go after a company that had nothing to do with it?  I've seen such people fake falling in grocery stores.  Damn, I hurt my arm on vacation, but I will put up with the pain till I get back to work to claim I fell at work.  yada yada

Even better, you blindly buy a coin that you can't remember who you bought it from.  Tim gave you the email address of the original purchaser, but you don't want to pursue.  Why would you even peel it as you would have lost a big premium, but that doesn't matter (unless you suspected the coin to begin with).

You posted here acting completely surprised that the coin was 2FA instead of PKEY as if you had purchased the coin from Titan.  Hell, you even posted a rating as if you were surprised.  It was brought out that you purchased third party or multiple party.  Again, you blame Titan that it is 2FA (which is the default type upon checkout of a purchase of coins).

Todamont... You are amazing.  You just ramble on and on.  Kinda of like my now ex-wife.  Wanting to be right so much that she can't stop talking long enough to get a response.  You, like her, picks one thing, rants about it without a care for a response or listen to what other people have to say (right or wrong).

Tim mentions Chinese fake, and you just go on pointing out any coin just to get a response.  A true troll indeed.
Tim said there are about two dozen unfunded coins in the public (lost in mail, etc), which are marked as lost so not to ever fund.  You ignored the reason why such coins exist.

Tim mentions the site is down in order to do testing.  While down, it doesn't false represent any coin as funded (that would be a true issue), but instead, indicates all are in a state other than funded.  You blame the site for something after admitting that you never checked it.  You claim you didn't know of the site, but it's clearly printed on the label.

You claim to have opened the coin yourself.  No proof, but you obviously purchased unfunded coins from a seller that clearly stated:

None of your claims can be substantiated.
Had you been upstanding, you could have simply filed a claim and post to bitcointalk; however, you go on your tirade making accusations, verbal abuse, and threats.  Very poor communications skills in the least.

Why do you post in other peoples threads (multiple) instead of making your own?
How on Earth can you blame Titan for the number of mistakes you have made to get to this point, and continuing to make, is beyond me?  I feel like I am talking to a teenager.

I really doubt you have a personal contact at ebay to have confirm illegal goods.  You're still making stuff up as you see it.  And, it was probably you reporting it multiple times as illegal and they probably removed it simply not to have to deal with you constantly reporting and calling them incessantly.  It is REAL easy to have an auction removed from ebay (and craigslist) - competitors do this often.  And, Uhhh, of course ebay has a backup of the page/item.

Tim has handled his responses very well.  You should do well to learn from him.  I admit, I would have told you to screw off long ago.  Go buy last weeks lottery winning ticket numbers.

Stop buying redeemed coins and then wondering why you can't get paid on them.  Stop buying coins from people you shortly after can't remember whom you purchased from.  Stop accusing people without evidence of, well, anything.

Thank God.

Oh,
Merry Christmas