Post
Topic
Board Bitcoin Discussion
Re: To hell with regulations and government interference
by
Slow death
on 21/09/2018, 13:27:36 UTC
Hoping I'm not the only one in here feeling this way or I assume S.W.A.T. will be at my door in a few minutes. 

I see most of the forum members in here thinking we need the government to step in to regulate crypto.  I see others flocking to KYC to make sure they get the latest airdrop all the while losing the precious commodity of privacy.  I even see others hoping and praying we get the ETF approval so prices will really skyrocket and we can all get rich.

You seem to forget that the crypto world is full of scammer and arrogant and irresponsible people.

let's show concrete things about the true crypto world:

Betvibe Platform-SCAM - FAKE TEAM

[ANN][BGL]🔥Bitglo Exchange 🔥 SCAM 🔥 ATTENTION 🔥

Scam - Acommax ICO - Fake team & ponzi scheme

ChangeNow.io (Evercode Lab) - Scam. Illegally holding of 100 BCH (11 bitcoins).

BitexBay Is a scam Exchange

example of arrogance:

Scammed by YOBIT - 1 million FJC stuck forever and NO SUPPORT REPLIES

I want to share my experience of being scammed by YOBIT to warn everyone out there not to go near this site, which is at the moment basically run by thieves who will outright steal your money if you are unlucky enough to deposit it in there.

I had more than 1 million FJC (currently worth about 0.05 btc but historically worth much more) held in YOBIT account (username TurpentineEnema) for some months. Last week I got round to withdrawing it. I put in my correct address: FpfT296MAMSXZQcdxKt8unsJx19LFqXsuP and all seemed OK, to begin with. Yes, my username is dumb but I never knew I'd need to deal with support in any major way.

24 hours later - stuck at 0/20 confirmations. I contacted support. No reply. I also tried asking for help in the comment box. No reply.

More than a week later, still stuck at 0/20 confirmations. No replies. After doing some digging, it appears that Yobit have never even upgraded their FJC wallet from the old 2.0 chain, and so it is basically functioning as a zombie exchange for FJC at the moment. On the FJC Slack there is a thread dedicated to the problems with Yobit, and it appears that some users have had their coins stuck for months now with no reply from support.

Today, I tried to log in and Yobit have now banned me, presumably for complaining too much. So it appears that Yobit do have admins who can ban people, but who are not willing to deal with the withdrawal problems which at this stage amount to outright theft.

I would urge everyone to STAY AWAY FROM YOBIT. They will steal your coins, and goodness only knows what shady misery you are funding by putting your money into this site. I hope that law enforcement catches up with them soon.

How many people are losing money because of scammers? The answer is simple: there are many people who are losing money because of scammers, we need regulations. you have no power to judge the scammers, only with regulations will it be possible to punish the scammers and reduce the scam cases.