I'm wondering the same thing. Jeremy said the money got sent back, but when I called auspost up (and paid $4 for the pleasure of talking to them!) they said there is no problem with my card. I then sent funds to it myself to test, and it worked.

What's going on Jeremy?

You should slap yourself for spending money you didn't have.

What did you spend the coins on?

So what did Matthew and Pirate teach everyone with this very expensive lesson?

He's been in and out of IRC changing names between pirateat40 and steamship. It's bizarre really. When he's "steamship" he's been offering to buy pirate debt at reduced rates. No idea if he's serious.

I empathise with your situation, however do you think by yelling empty threats at pirate you've increased your chances of getting paid? I know it must be frustrating but surely patience and understanding is a more productive strategy until pirate gives more information. There are many other people in a similar situation to you.

I hope you get your coins.

Did you try tweeting him?

https://twitter.com/JeredKenna

Here's one of the last messages on the topic from Jered of TradeHill.  It includes their e-mail address:
https://bitcointalk.org/index.php?topic=81644.msg903109#msg903109
https://bitcointalk.org/index.php?topic=57295.msg682977#msg682977

What makes you think there are no bitcoin trading bots?
https://github.com/chrisacheson/liquidbot
http://code.google.com/p/ga-bitbot/source/browse
https://github.com/rokj/bitcoin_dealer
https://bitcointalk.org/index.php?topic=95760.0
http://bitcoinmagazine.net/trading-bot-runs-amok-on-mtgox/

Establish a rapport with a seller by buying coins for bank transfer. Once you've gained the sellers trust he may allow you purchase via paypal. You need to have spent 2k with me before i'll even consider allowing paypal.

He sure did, and pirateat40 is his name. It looks like he has spoken
http://pastebin.com/PthgrzDS

Everyone in my IT department at work was talking about it last year, so I got on board as things went on the surge to 30. The rest is history.

site looks great!

Depends on what pirateat40 wants

I suppose because i've never seen paypal going to court over that amount of money. I'm curious as to what their process would be, and how they would react if challenged to take me to court, i think I will test this out, can't cost me anything if I get a friend to do a chargeback.

That would be interesting to take to court. In fact, i'm almost curious enough to have a friend try a chargeback to test how their system works.

I don't suppose you've still got a copy of the letter?

Not if my paypal isn't linked to my bank account, so no direct debit options, and there are no funds in my account because I withdraw all funds as soon as they hit paypal. I wonder what would happen then?

edit: also, there are no credit cards attached to my paypal for them to charge either.

I disagree. I've posted this in another thread, but this is relevant: I sell BTC on paypal and ask that the buyer select "personal" and "gift". The buyer cannot chargeback then. Obviously the risk is on the buyer, and this reduces my sales somewhat, but I am focusing on local sales in my home town to establish trust.

I've conducted about 40-50 transactions and haven't had a problem with paypal yet, though i'm not saying it won't happen at some point.

Hi! I'm new here too, and am looking to set up a site similiar to other's on here that sell bitcoin mainly to Australian's from Sydney. Do you have your site up for viewing yet?

This probably isn't exactly what you had in mind, but i've not found an easy to convert BTC to paypal. I've taken to selling coins instead, which isn't that much effort.

What I do is advertise on noticeboards around colleges, business parks and anywhere else I think there might be people interested. I link them to this ad i've posted

http://www.gumtree.com.au/s-ad/chatswood/other-stuff-for-sale/bitcoins-for-aud-sydney-chatswood-/1001215988

and ask them to do the following

1. After selecting send funds enter in bitcoinsydney@gmail.com in the "to" field
2. Enter in [SALE AMOUNT] in the amount [[SALE AMOUNT] X [BTC RATE]]
3. Select AUD for the currency
4. Select Person and "gift"
5. Press continue
6. Ensure "I will pay the fee" is ticket
7. Enter in your bitcoin deposit address in the subject field at the bottom of the screen [where it says "you've got funds"]
8. ignore the message field, it's not relevant to my automated process.
9. Press "send money"
10. Usually the bitcoin network will process your confirmations within 20 minutes to 2 hours

It's obviously a leap of faith, but so is using an exchange or any of the other services. Usually most people like to conduct a face to face trade, or give me a call to chat before going through the transaction. From this i've built up a small base of customers who trust me, which gives me a better way of converting BTC to cash rather than withdrawing through an exchange.

I've not had any problems with paypal, though it is in the back of my mind. I withdraw all funds as soon as they hit paypal for that reason. At least then if they freeze my account for whatever reason [not sure what that would be] i'll only lose a small amount.

Not yet, but i'm getting solar installed next week on our house with that exact thought in mind! I'll post up pics once it's in