If you don't want to take him up on this offer that's fine, thank you for educating others about the "risk", if you've dealt with Bob before though you wouldn't of posted this in the first place.
Thats all I wanted to do. If everyone knows the risks thats fine, trade away if you want to, but people seem to think there is no risk other than him not delivering the codes. Thats not the case at all.
By the way, here is a post I wrote about a member here called pirateat40 that a lot of you wouldn't know about:
While that may be the case, lets dive into some Bitcoin history.
There was a user here named PirateAt40. He was the
highest rated user by far on
http://bitcoin-otc.com (the forum didn't have a trust system back then so this was what most people used for feedback).
He offered an investment scheme where he paid 7% interest a week.
He paid every week on time in full for well over a year. While some people were suspicious of the scheme, their voices were drowned out by the people proclaiming his trustworthiness, pointing to the fact that he always paid on time, was a very good currency trader and his identity was well known.
He even met a few users face-to-face (he paid to have them flown out to meet him in Las Vegas). He also had acquired so many Bitcoins that he was somewhat able to manipulate the Bitcoin price, convincing even more people that he was legitimate as they thought he was a very good trader who was making tons manipulating the Bitcoin price.
He became so successful lots of other trustworthy users began reselling his scheme which lead to all kinds of problems when the scheme met its demise.
He kept this up for
over a year, paying on time in full every single pay-day. He did not have any scam accusations or anything - he was completely legit, before he suddenly ran off with all of the Bitcoins he was borrowing via the scheme - which at the time were worth in excess of millions and are probably now worth hundreds of millions.
Moral of the story:
Past performance does not equal future performance.