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Bitcoin - The Internet of Money

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Bitcoin Cash: Peer-to-Peer Electronic Cash (BCH)

Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
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Cryptocurrency News & Discussion

The official source for CryptoCurrency News, Discussion & Analysis.
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Local Bitcoin Scam

So I sell time to time on LBC and do cash deposit in business account. I did a trade with a customer who deposited $500 what it looked like on my online banking it looked weird because it was pending. When I called the bank to look further into it they deposited a fraudulent check into my account and now the bank is going to charge me extra. The told me tomorrow I can press charges since they have the ID’s of all third party’s who make deposits and looking online this idiot will most likely get a felony if it goes through what else should I do to make sure this asshole goes through hell?
submitted by Ipluggucci to localbitcoins [link] [comments]

Warning Local Bitcoins scam site on top of Google

Warning Local Bitcoins scam site on top of Google submitted by pumpbreaks to Bitcoin [link] [comments]

London local Bitcoins scam

Just been robbed for a local Bitcoins trade in London. Arranged to meet a guy for a trade around kings cross. He said that he couldn't make it so sent his girlfriend instead. She had the money, i released the coins, then she ran. Before I could catch up with her another guy had grabbed me and prevented me from leaving. (I assume he was the boyfriend).
Just posting this as a FYI. Be careful out there.
... Anyone know a live contact for local Bitcoins?
EDIT I'm not the only London seller who has had this. They work with different people doing the trade but seems to be the same group.
EDIT Any sellers in London who have had this or are interested in preventing it from happening to them pm me and we can talk more.
EDIT Oct 2014 Police didn't have enough evidence to pursue this case, so nothing came of it, never got anything back (of course). However the arrested guy was jailed for an unrelated offense so expect him to try this again when he gets out in a year or two (I'm guessing).
submitted by bitcoind3 to BitcoinUK [link] [comments]

Warning Local Bitcoins scam site on top of Google

Warning Local Bitcoins scam site on top of Google submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Local merchant says "Bitcoin is a scam"

At my local newsagent, I just overheard the staff mention bitcoin. I Asked why (hoping they accept it) and was told she has received multiple messages on her phone about "a bitcoin opportunity" advertised by a local celebrity. She explained it and it was most definitely a scam. I told her as such, but reminded her its not Bitcoin thats the scam, but the person running that opportunity. Other teller chimed in, "is it still around? I remember a few years ago it was a thing" Told them I use BTC regularly as a currency, and it works well, its the "guaranteed profits idea that are scams" Had a good short conversation with both of them as they were really interested about it, but sceptical.
Just an update of the view of average Joe on the Australian street.
If you are reading this, we are still early.
submitted by time_wasted504 to Bitcoin [link] [comments]

Is this website a scam? It’s my first time adopting a puppy outside of the local humane society. I found this website and the only payment they take is Bitcoin, Zelle, CashApp. Is it a scam?q

Is this website a scam? It’s my first time adopting a puppy outside of the local humane society. I found this website and the only payment they take is Bitcoin, Zelle, CashApp. Is it a scam?q submitted by thatsprettyodd to samoyeds [link] [comments]

So, apparently I was just scammed out of 1 full bch on local.bitcoin.com

I used escrow, I used what I was thought was a non-reversible payment (interac e-transfer). I let them put the money in my account before I released the escrow. They had a positive review already. I thought everything was good, I thought there was no way for me to be scammed. I thought I took every measure against it. I even made this thread about how positive the experience was: https://www.reddit.com/btc/comments/cu6oun/localbitcoincom_is_by_far_the_best_way_to_buysell/
Today I get a call from my credit union telling me that TD has to hold the money because of fraud. The money was taken out of my account, and now I'm left with nothing. I got scammed, and I feel like a fucking fool. The users name was plaza812 https://local.bitcoin.com/profile/plaza812
I presume there's nothing I can do about it? MemoryDealers
submitted by AnarchoCicero to btc [link] [comments]

Warning loacalbitcoins.com and locaelbitcoins.com Google ads

In follow-up to yesterday the top Google ad for local bitcoins has changed url
submitted by Aussiehash to Bitcoin [link] [comments]

Local bitcoins allows scam artist to ruin lives.

I was scammed about a year ago for over 4000 dollars by a user named DennyG. Over the past year I've overcome homelessness, starvation, and a lot of other things that comes with being scammed for everything. Do not trust this site, they will settle the trade in favor of the bigger trader. They submitted no evidence while I submitted all evidences requested. This scam was only able to be carried out because of LBCs automated system and their failure to even look at the evidences. Do not trust this site. My user name is lpjak. Do not trade with DennyG.
submitted by jak1213 to localbitcoins [link] [comments]

local.bitcoin.com + PayPal possibility to be scammed?

Have been trading on local.bitcoin.com since it opened. Pretty awesome so far!
Today someone took my offer to buy BCH with PayPal. I funded the escrow and waited for the money.
The money came but with a hefty 6% fee on it, which was the reason in the first place I got wary.
It seems he made a payment and didn't sent the money with "send to friends" which means he can pull the money back after I release my BCH.
The problem is, the Money is already in the Escrow and he labeled it paid. There is no way for me to see it coming and cancle the trade until its to late.
If I open a dispute he will be able to produce "proof-of-payment ".
What are my options? Can he still cancle the trade to release my BCH? Then I could send the money back. Any other options?
submitted by Remora_101 to btc [link] [comments]

Kingston police warn of Bitcoin scam after 2 locals reportedly taken for $25K

Kingston police warn of Bitcoin scam after 2 locals reportedly taken for $25K submitted by yyzworker to AnythingOntario [link] [comments]

Local monero butter thinks we are all butthurt over butt losses and that bitcoin wasnt a greater fools scam until recently

Local monero butter thinks we are all butthurt over butt losses and that bitcoin wasnt a greater fools scam until recently submitted by touchmybutt123 to Buttcoin [link] [comments]

So, apparently I was just scammed out of 1 full bch on local.bitcoin.com

submitted by vegasbooty to Cryptoandme [link] [comments]

Adoption! Singaporean police say that at least $78,000 was stolen from Singaporean citizens in BitCoin fake news scam. Without their knowledge, local celebrities were portrayed as being supporters of bit-Coin, and Bit-Coin was sold to the public as a "safe, secure and highly lucrative" investment.

Adoption! Singaporean police say that at least $78,000 was stolen from Singaporean citizens in BitCoin fake news scam. Without their knowledge, local celebrities were portrayed as being supporters of bit-Coin, and Bit-Coin was sold to the public as a submitted by ctrlcctrlv- to Buttcoin [link] [comments]

Authorities warn of scams targeting local businesses for bitcoin

Authorities warn of scams targeting local businesses for bitcoin submitted by leftok to atbitcoin [link] [comments]

Beware of scams targeting local businesses for bitcoin - News 5 Cleveland

Beware of scams targeting local businesses for bitcoin - News 5 Cleveland submitted by ulros to fbitcoin [link] [comments]

US Authorities Allege Woman Paid Bitcoin For Ex-Husband's Murder Via Dark Web

US Authorities Allege Woman Paid Bitcoin For Ex-Husband's Murder Via Dark Web submitted by SaneFive to darknet [link] [comments]

/u/Peter__R on RBF: (1) Easier for scammers on Local Bitcoins (2) Merchants will be scammed, reluctant to accept Bitcoin (3) Extra work for payment processors (4) Could be the proverbial straw that broke Core's back, pushing people into XT, btcd, Unlimited and other clients that don't support RBF

https://www.reddit.com/Bitcoin/comments/3ul1kb/peter_todds_rbf_replacebyfee_goes_against_one_of/cxfwz1r
My Thoughts On Opt-In Replace-by-Fee - by Peter__R
When I read about Todd's "opt-in" replace-by-fee, my initial thought was that it was harmless because it was optional. This morning, I think it will do damage to Bitcoin's reputation as a payment system. Here's how...
Firstly, it's important to understand what the "opt-in" means. The "opt-in" isn't on a node-by-node basi[s]; it's on a transaction-by-transaction basis. What this means is that if an attacker "opts-in" on a payment to a vendor, and later tries to double spend that payment, that all the nodes and miners running Blockstream's implementation of the protocol will work to facilitate the double spend attack.
So why will this cause problems? There are several ways:
1. Local Bitcoins
Core has just made it very easy for scammers to operate on Local Bitcoins: the scammer will simply trade bitcoins for cash and then double spend it a bit later. The newbie buying the coins won't understand that "since this TX was flagged for double-spending, he should have waited for a confirmation." Instead of double-spending being a low-probabiliy attack that required a knowledgable person to even attempt, Core is making it easy and reliable for your average run-of-the-mill scammer.
The idea that Bitcoin now has a payment type to make double-spending easier will not make sense to newbies. In fact, it makes no sense to me! We can unstick stuck transactions with child-pays-for-parent, after all.
2. Merchants Running Custom Payment Systems
The same problem will happen at merchants running their own payment systems: many won't get around to upgrading to detect these transactions (they might not even realize they need to). After they get scammed a few times, they will be more reluctant to accept Bitcoin at all. Explaining to them that "well you should have noted that the transaction was double-spendable" would just seem ridiculous: "you're telling me that Bitcoin now facilitates double spending!?"
3. Extra Work for Payment Processors
Payment processors like Bitpay will get around to making sure they can detect the double-spendable transactions. However, this means they'll need to put engineers on the job and take them off of other projects. In other words, Core has effectively forced these payment processors to spend more money to support a "feature" that there was no demand for anyways.
The Good News
There is a silver lining to this! Once industry wraps their heads around how silly this "opt-in RBF" is, then I think we'll see more backlash. Perhaps this will be the proverbial straw that broke Core's back, pushing people into XT, btcd, Unlimited and other clients that don't support any form of RBF.
Why Did Core Add "Opt-in" Replace By Fee?
My hunch is that Blockstream already realized that this would cause damage to Bitcoin's reputation as a payment system, and that by selling it as "optional" they could allow the damage to occur without taking the blame ("it was the free market at work!"). When the problems I described above start to happen, it will give them more ammunition to say "We told you we need Lightning Network because Bitcoin isn't reliable as a payment network!"
Peter__R
submitted by BeYourOwnBank to btc [link] [comments]

[Local] - Kokua Line: Avoid bitcoin billing scam and other theft ploys over holiday season

[Local] - Kokua Line: Avoid bitcoin billing scam and other theft ploys over holiday season submitted by AutoNewsAdmin to HONOLULUSAauto [link] [comments]

[Local] - Kokua Line: Avoid bitcoin billing scam and other theft ploys over holiday season | Honolulu Star-Advertiser

[Local] - Kokua Line: Avoid bitcoin billing scam and other theft ploys over holiday season | Honolulu Star-Advertiser submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Local] - ‘I know about the secret:’ Bitcoin blackmail scam targets men through mail, cops say

[Local] - ‘I know about the secret:’ Bitcoin blackmail scam targets men through mail, cops say submitted by AutoNewsAdmin to MIAMIHERALDauto [link] [comments]

[Local] - ‘I know about the secret:’ Bitcoin blackmail scam targets men through mail, cops say | Miami Herald

[Local] - ‘I know about the secret:’ Bitcoin blackmail scam targets men through mail, cops say | Miami Herald submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

LocalBitcoins Trader Sentenced To 1 Year In Prison - YouTube 22 Year-Old LocalBitcoins.Com Seller Gets 2 Years in Prison for Selling Bitcoins local bitcoin scampage 2019 Localbitcoins scamming people beware! 100% proof How to Buy or Sell Bitcoin Cash Anonymously in 2020 - YouTube

Scams that threaten YOU with arrest or jail time unless you “protect” your money by putting it into a Bitcoin ATM are the most common we are seeing in 2020. Protecting yourself is NOT enough! Please share the methods of these scams with your friends and family of all ages to help prevent this devast Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all ... Bitcoin is a growing economy, attracting more attention and people all the time. Fraud and scams are not a crypto-exclusive problem by any means, but it is wise to be aware of them. The basic rule ... Bitcoin sextortion scams have proven to be lucrative for scammers, according to research by Sophos, since it takes little effort and investment to send scam emails that can result in a lot of ... Bitcoin Betrug: Damit es gar nicht erst so weit kommt Bildquelle:Photo von Got Credit . Wenn du Opfer eines Bitcoin Scams wirst, ist es dazu oft zu spät, Schaden noch abzuwenden. Damit du gar nicht erst zum Opfer wirst, solltest du dich mit den Maschen der Betrüger vertraut machen - wenn du einen Betrug rechtzeitig erkennst, fällst du nicht ...

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LocalBitcoins Trader Sentenced To 1 Year In Prison - YouTube

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