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Re: If CoinWallet.eu is stressing BTC... Do you support stressing CoinWallet.eu? September 06, 2015, 01:07:19 AM #92 Quote from: RealMalatesta on September 06, 2015, 12:50:35 AM Quote from: poeEDgar on September 05, 2015, 11:36:12 PM Quote from: RealMalatesta on September 05, 2015, 11:01:26 PM coinwallet.eu IS a fraudulent organisation.



What do you mean, exactly? How have they committed fraud?



Sometimes I wish we had a popcorn emoticon.

What do you mean, exactly? How have they committed fraud?Sometimes I wish we had a popcorn emoticon.

Quote fraud:

noun: deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage.

As you may have noticed, I called it an organisation, not a company.



But that's only a tiny detail.



Have you seen their site? They claim to be based in Europe, with a presence in North America and Asia and to offer there Quote a hosted Bitcoin wallet that also enables users to store USD, CAD and Euros. We are also a Bitcoin brokerage that makes it easy to buy and sell Bitcoin using the fiat currency of your choice.

Now they have disabled their site. So nobody can access their wallets anymore. So would this be fraud or not?



Wait - they never did any business? They only set up this homepage with all this fake information - to hide themselfs before starting the "stress test"? Unknown persons, using fake information about themselfs, conduct a "stress test" for - what for? If they were a business, they would disable their clients to withdraw money in time. Which would be called fraud. If they were a business and have developed a wallet which would enable their clients to withdraw and deposit bitcoins faster than any competitor during a stress test - this would be fraud.



But right, I forgot: They don't exist as a company. They use their fake service and fake names when talking to the press for hiding their real identity. So why do they hide? Right: They try to delay payments. There have been many cases in the past all over the world in which payment systems were interrupted or attacks had the goal to delay payments. And yes, I must agree that I was wrong: These cases were not labeled "fraud" - but simple criminal acts.

As you may have noticed, I called it an organisation, not a company.But that's only a tiny detail.Have you seen their site? They claim to be based in Europe, with a presence in North America and Asia and to offer thereNow they have disabled their site. So nobody can access their wallets anymore. So would this be fraud or not?Wait - they never did any business? They only set up this homepage with all this fake information - to hide themselfs before starting the "stress test"? Unknown persons, using fake information about themselfs, conduct a "stress test" for - what for? If they were a business, they would disable their clients to withdraw money in time. Which would be called fraud. If they were a business and have developed a wallet which would enable their clients to withdraw and deposit bitcoins faster than any competitor during a stress test - this would be fraud.But right, I forgot: They don't exist as a company. They use their fake service and fake names when talking to the press for hiding their real identity. So why do they hide? Right: They try to delay payments. There have been many cases in the past all over the world in which payment systems were interrupted or attacks had the goal to delay payments. And yes, I must agree that I was wrong: These cases were not labeled "fraud" - but simple criminal acts.

Sounds like most the other Bitcoin services as well.



Regardless of what they are I suppose it is what it is at this point. Sounds like most the other Bitcoin services as well.Regardless of what they are I suppose it is what it is at this point.