Quote from: ChiBitCTy on November 08, 2021, 07:57:24 PM

IMO if you own a non-2FA Titan you should peel it ~~sooner than later~~ immediately. It's been over an entire year with no response, and all we can do is speculate at this point, so it would be wiser to speculate a potential scam and peel rather than be sorry down the road. One of our fellow collectors is a lawyer and have spoken to them a bit about how to approach all this. What's even more disturbing at this point, and should be a valuable lesson to all of us, is to read the shit out of a coin makers terms of service/use. I should know better too, as some of the companies I've done scam write ups about before did the same thing Titan did, and wrote in verbiage that basically states after you buy the coin, if anything goes wrong, or if you plan on the website always being up to redeem the 2FA coins, sorry but fuck you Titan takes absolutely zero responsibility and could shut down services or change them at any time. - https://www.titanbtc.com/terms-of-use/ The fact that the terms were written up like this shows this dudes character. If you create a 2FA coin then you better keep up with the website and have a succession plan if you become incapacitated or die. This is alone is enough to show why these coins should never have a 2FA characteristic like this.

I do not have anything to lose here, as I have never owned any of these 2FAs, but I'm going to do what I can to try and contact this guy and or figure out how to go about helping out/ obtaining legal council for the group. I will post updates here. Please come forward if you own any of these either in this thread or privately via DM if you care about getting your money back. I really hope no one is willing to let this slide..if you own any of these and don't want anyone knowing, maybe there is someone else you trust who could come forward on your behalf or something? Tim needs to be held accountable and working together is the best route to trying to solve all this. Also I'm sure obtaining a lawyer won't be cheap, so the more people there are, the better that will be for everyone of course (If that's even the best way to approach this).

Do we have any idea at all how many were sold? I know that he refused to release final mintages\addresses..which also is another red flag.

So please chime in if you can help, if you have any ideas, if you're a lawyer and can provide some assistance etc. These may not be that big of a deal to some of the millionaires here who collect, but they certainly are for plenty of other people so please keep that in mind here. The more who come forward the better it will be for everyone. ( I'm sure a decent amount sold to hands who will never see this post..I'm hopeful we can get this fixed so when they go to redeem down the road to buy a car, or put a house payment down or whatever, that they'll be able so. SMH.

I didn't realize he had a profile here... a neg left Jan 2019, and even one back in 2015. Has anyone here, or know of anyone who's successfully redeemed a 2FA ever?

I have called and left messages the last 2 days as well as emails. Attached is his reply from 2017 when I purchased 3 1BTC 2FA Coins then 25 .10 from Coins Tim
I did send what info I have to my attorney today for his thoughts and to see how I go about Fraud Charges. Ill keep you posted.

On Sep 12, 2017, at 12:22 AM, Tim Fillmore <tim@titanbtc.com> wrote:

Hi Robert,

To answer you first question, if we need to shut down the website in the future, we will be sending instructions on redeeming 2FA coins to all registered coin owners. We have tools in place to do this if/when needed.

With that said, if you you're in a hurry to redeem BCH from Titan coins, I recommend that you steer clear of buying secondhand 2FA coins. We don't yet have a clear security protocol for bitcoin cash storage, and we don't have redemption protocols in place that allow us to securely redeem bitcoin cash for our customers. The only way to guarantee security of digital currency is with air-gapped storage and redemption and the tools we require just don't exist yet for bitcoin cash. For those reasons and a few others, we are not currently redeeming BCH for ANY owners of 2FA coins and I can't make any guarantee that we will in the future. Potential buyers should purchase our 2FA coins with the assumption that they are only worth their value in bitcoin, without any accompanying BCH. If this changes in the future, we will notify all eligible coin owners.

2FA coins use a proprietary redemption code which allows us to provide an extra layer of protection. They do not include the private key associated with the coin's Bitcoin address underneath the hologram. While this does mean customers rely on us for redemption, it has also saved dozens of coin owners from significant losses. The gain of added security at the expense of long term stability still makes sense for some owners. As such, 2FA coins still do hold their resale value as collectibles and as cold-storage investments.

Lastly, we unfortunately do not have old stock available. We may be able to connect you with owners or resellers if you have specific coins you're looking for and we'll always do our best to help our owners out. Let me know what you need.

--
Tim Fillmore
President, Titan Mint