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Actual working product.
Ignore all the "advisors" that's just PR fluff - unless the advisors are really poor then be worried they couldn't find half decent shills.
The "team" is also suspect in many cases. There may be only one main person running the ICO and everyone else is just paid in tokens or a consulting fee to be listed. Unless the team members are working full time on the project, they aren't a team member but just there to (trick) win your confidence.
Ignore all the "advisors" that's just PR fluff - unless the advisors are really poor then be worried they couldn't find half decent shills.
The "team" is also suspect in many cases. There may be only one main person running the ICO and everyone else is just paid in tokens or a consulting fee to be listed. Unless the team members are working full time on the project, they aren't a team member but just there to (trick) win your confidence.
Steemit is kind of like a ponzi but less scammy. At some point, when the whales start cashing out, the value of Steem will tank (just like a run on the bank scenario with MLM's, or perhaps upcoming with Tether).
But when and how fast that will happen is still TBD. I'd watch the # of new accounts being registered. When they start drying up, that's when you'll need to be first to the exists. Even the newbies are having a hard time earning due to the dilution of so many accounts. The easy days of a few $100 per post are gone unless you buy Steem power, but for that investment, might as well pick an alt or two.
But when and how fast that will happen is still TBD. I'd watch the # of new accounts being registered. When they start drying up, that's when you'll need to be first to the exists. Even the newbies are having a hard time earning due to the dilution of so many accounts. The easy days of a few $100 per post are gone unless you buy Steem power, but for that investment, might as well pick an alt or two.
I'm as big a skeptic as anyone, but Daniel answers questions all day long in the Slack group. He publishes info that you'd never see from other leaders during ICO's as he is very up front and colorfully blunt.
There are literally thousands of comments per day in the group, 24x7.
There are literally thousands of comments per day in the group, 24x7.
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
I estimate the price of 1 AMP to hit 0.03 BTC easily in the future. Why?
Because by the beta results it shows that 6.6 AMP can get people 2000 views on youtube, that with the current 9000 satoshi/AMP price is technically 30 satoshi /view.
Currently there is not a single AD network in Bitcoin with a CPC lower than 10,000 satoshi, but Wildspark could deliver you 1 click for 30 satoshi. That means that the price of AMP can easily grow by x333.33 times!!!! It's insane
But you can't compare the two b/c people will promote low-quality posts that viewer will click off right away or that won't convert. When you pay Google for ads you are getting targetted, contextually-relevant ads.Because by the beta results it shows that 6.6 AMP can get people 2000 views on youtube, that with the current 9000 satoshi/AMP price is technically 30 satoshi /view.
Currently there is not a single AD network in Bitcoin with a CPC lower than 10,000 satoshi, but Wildspark could deliver you 1 click for 30 satoshi. That means that the price of AMP can easily grow by x333.33 times!!!! It's insane
If the viewer can't earn more than a few satoshi in reward they will bolt the platform.
It's the same problem Steemit has but even worse because it will require a separate browser add-on. At least Steemit has some decent content even if the new users are dropping off b/c of broken Ponzi rewards structure.
Updating this with answers from Monkey Capital's Slack:
- MNY is available via pre-sale on Waves. 20M tokens were released during pre-sale (not ICO yet)
- COO did leave due to differences in how to conduct MNY ICO, not due to business model or technical features of platform
- Monkey Capital to release dividends from two investments in the first 2 months, payable to MNY holders in COEVAL
- Monkey Capital to announce another acquisition around time of MNY ICO
- MNY is available via pre-sale on Waves. 20M tokens were released during pre-sale (not ICO yet)
- COO did leave due to differences in how to conduct MNY ICO, not due to business model or technical features of platform
- Monkey Capital to release dividends from two investments in the first 2 months, payable to MNY holders in COEVAL
- Monkey Capital to announce another acquisition around time of MNY ICO
Re: [ICO][BONUS]🌟🌟90% DISCOUNT RIGHT NOW ON $100 MILLION+ ICO 🌟🌟 🔥 ACT FAST 🔥
Steemit is mathematically designed to collapse in on itself (yes, I've read the whitepaper). The only question is when and if you can maximize your income before new users realize they can't make any money without significant luck or gamble on large power up investment.
The entire premise around upvoting good content is BS. Whales are incentivized to self-vote so they can make 50% per year. Medium sized SP accounts post crappy content all day long to self-vote and churn their followers who upvote in the false hope that this medium sized account will reciprocate some upvote love. There are literally posts like a picture of Hitler's head on a toilet (from our own profitgenerator here), or the dude that posts "random stuff from my bar" several times a day and makes $ because of self-voting.
Gone are the days of earning several hundred $ for a good post unless you are really lucky, or are a whale and voting your or your friends' posts. There are a few personalities that will break through (like Jerry Banfield who brought over his Youtube and Udemy following) and can churn out a living while the steem price holds. But as soon as user attraction ticks up, because people can't earn rewards anymore with so much competition and so little real upvoting, then the whales start powering down, and then the price will collapse.
TLDR: Steemit will collapse, but in the meantime, you can churn out some money from unsuspecting new users buying steem to power up their accounts.
The entire premise around upvoting good content is BS. Whales are incentivized to self-vote so they can make 50% per year. Medium sized SP accounts post crappy content all day long to self-vote and churn their followers who upvote in the false hope that this medium sized account will reciprocate some upvote love. There are literally posts like a picture of Hitler's head on a toilet (from our own profitgenerator here), or the dude that posts "random stuff from my bar" several times a day and makes $ because of self-voting.
Gone are the days of earning several hundred $ for a good post unless you are really lucky, or are a whale and voting your or your friends' posts. There are a few personalities that will break through (like Jerry Banfield who brought over his Youtube and Udemy following) and can churn out a living while the steem price holds. But as soon as user attraction ticks up, because people can't earn rewards anymore with so much competition and so little real upvoting, then the whales start powering down, and then the price will collapse.
TLDR: Steemit will collapse, but in the meantime, you can churn out some money from unsuspecting new users buying steem to power up their accounts.
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Nonsense. The payouts on Steemit are actually a drag on the price not a boost.
Disagree. The payouts on Steemit have nothing to do with price directly because there is a fixed payout no matter if there's only 1 post per day or 14k posts per day. When there were only a few authors & curators, the rewards were higher. As the # of users has grown to over 200k (and climbing), the rewards per average user is going way down. The only way for rewards to continue to pay enough to keep people interested is if more people buy steem and power up their accounts with steem power (in order to earn more rewards). It's a classic Ponzi paradox.The reason the payouts will affect the price of steem is because the entire Steemit platform relies on new blood (the Ponzi aspect). New blood won't pay to power up if they are earning $0.01 per post. The new blood reads the posts from a year ago when a popular post could make $1500 and they think they can make money. When reality sets in and they realize they can't make any money without buying in at a high amount (and then taking a big risk that the platform will be around for a year so they can recoup their power up investment), everyone bails and the price tanks.
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If it pays out less, but only pays out to people who actually post great content (not plagiarizer shitposters, that copy paste newspaper articles), that gives value to Steemit.
Bullshit. The whales and dolphin accounts post crappy content all day long so they can get their author and upvote rewards from self-voting + votes from their followers who worship them in false hopes that these large steem power accounts might show some upvote love to their minions.There is a TON of crappy content every few minutes (including posts like a picture of Hitler on a toilet). There are fake fan pages with NSFW content earning $50 because stupid people still up vote when they see skin. There's stupid memes and recycled Youtube content that is literally just a headline, 3 words and an image or video link making $ because they are posted by high steem power accounts.
Steemit can't last. None of the new users are making any money so they aren't going to invest. Watch it tank by end of year as user adoption shrinks and all the new users the last few months bail.
Someone smart said https://bitcointalk.org/index.php?topic=1548369.msg20285001#msg20285001 about Steemit:
Someone smart said https://bitcointalk.org/index.php?topic=1548369.msg20285001#msg20285001 about Steemit:
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The Steemit supporters seem to be celebrating the success of Steemit (200k users, 14k new posts per day), but the Steemit pyramid will come to an end soon. Here's why:
1. Rewards now are very little, often $0.00 or $0.01 for new users even with some upvotes. Because there is a fixed rewards pool, the rush of new users are all competing for that slice. While a year ago you could earn some decent $ posting even as an average user without the luck of a whale upvoting, now even with a dolphin account upvoting your post, you'll get make 10 cents. Motivation is not there to post.
2. Getting visibility and followers is really hard. They call it the grind - interacting with the community, building relationships, getting followers, aka social networking. But with 14k posts per day and growing, all the posts scroll past the first page in each tag so quickly, you get very little visibility. The success stories are the users who already have 100k+ followers on Youtube and bring them over. But those followers will give up after a week or two when they realize they can't earn much $ as an average user.
3. Since hard fork 19 (HF19), the dolphin and whale accounts are motivated to upvote themselves. The ability to earn $ curating other posts is very small compared to just upvoting your own posts or comments. This makes it harder for new users to earn and be discovered (one of the original premises of the platform).
4. There's a lot of crappy content. If you have 100k Steem Power and a few thousand followers, you need to churn out 2-4 posts a day to make your $100 to $300. The whale accounts that do upvote others tend to upvote the same few accounts, kind of like the 1% only doing business with other 1%ers. Good content is going unnoticed and crappy content such as bad memes, a few lines, reposting old videos, etc. earn $100+.
5. Bots, bots, bots. Some bots are good when they post useful comments or make upvotes to help new users, but most of the bots are just whale accounts auto-voting to maximize their rewards daily. Take the human interactions and curation out (even if they were limited due to the above reasons) and even fewer new users will earn rewards.
Conclusion: Steemit has a pyramid-like dependency on new money coming into steem to prop up the price. Users will start dropping off and new investors who may have looked to buy steem will shy away because it's too hard to earn now. It was a good ride for a few people who made $100k or more, early whale accounts made 7 figures. Time to power down before the other whales do and tank the price.
P.S.: If steem drops back down to 10-cents, do you buy in and try to ride a rebirth?
1. Rewards now are very little, often $0.00 or $0.01 for new users even with some upvotes. Because there is a fixed rewards pool, the rush of new users are all competing for that slice. While a year ago you could earn some decent $ posting even as an average user without the luck of a whale upvoting, now even with a dolphin account upvoting your post, you'll get make 10 cents. Motivation is not there to post.
2. Getting visibility and followers is really hard. They call it the grind - interacting with the community, building relationships, getting followers, aka social networking. But with 14k posts per day and growing, all the posts scroll past the first page in each tag so quickly, you get very little visibility. The success stories are the users who already have 100k+ followers on Youtube and bring them over. But those followers will give up after a week or two when they realize they can't earn much $ as an average user.
3. Since hard fork 19 (HF19), the dolphin and whale accounts are motivated to upvote themselves. The ability to earn $ curating other posts is very small compared to just upvoting your own posts or comments. This makes it harder for new users to earn and be discovered (one of the original premises of the platform).
4. There's a lot of crappy content. If you have 100k Steem Power and a few thousand followers, you need to churn out 2-4 posts a day to make your $100 to $300. The whale accounts that do upvote others tend to upvote the same few accounts, kind of like the 1% only doing business with other 1%ers. Good content is going unnoticed and crappy content such as bad memes, a few lines, reposting old videos, etc. earn $100+.
5. Bots, bots, bots. Some bots are good when they post useful comments or make upvotes to help new users, but most of the bots are just whale accounts auto-voting to maximize their rewards daily. Take the human interactions and curation out (even if they were limited due to the above reasons) and even fewer new users will earn rewards.
Conclusion: Steemit has a pyramid-like dependency on new money coming into steem to prop up the price. Users will start dropping off and new investors who may have looked to buy steem will shy away because it's too hard to earn now. It was a good ride for a few people who made $100k or more, early whale accounts made 7 figures. Time to power down before the other whales do and tank the price.
P.S.: If steem drops back down to 10-cents, do you buy in and try to ride a rebirth?
July 21, 2017 update for those following this thread.
The Steemit supporters seem to be celebrating the success of Steemit (200k users, 14k new posts per day), but the Steemit pyramid will come to an end soon. Here's why:
1. Rewards now are very little, often $0.00 or $0.01 for new users even with some upvotes. Because there is a fixed rewards pool, the rush of new users are all competing for that slice. While a year ago you could earn some decent $ posting even as an average user without the luck of a whale upvoting, now even with a dolphin account upvoting your post, you'll get make 10 cents. Motivation is not there to post.
2. Getting visibility and followers is really hard. They call it the grind - interacting with the community, building relationships, getting followers, aka social networking. But with 14k posts per day and growing, all the posts scroll past the first page in each tag so quickly, you get very little visibility. The success stories are the users who already have 100k+ followers on Youtube and bring them over. But those followers will give up after a week or two when they realize they can't earn much $ as an average user.
3. Since hard fork 19 (HF19), the dolphin and whale accounts are motivated to upvote themselves. The ability to earn $ curating other posts is very small compared to just upvoting your own posts or comments. This makes it harder for new users to earn and be discovered (one of the original premises of the platform).
4. There's a lot of crappy content. If you have 100k Steem Power and a few thousand followers, you need to churn out 2-4 posts a day to make your $100 to $300. The whale accounts that do upvote others tend to upvote the same few accounts, kind of like the 1% only doing business with other 1%ers. Good content is going unnoticed and crappy content such as bad memes, a few lines, reposting old videos, etc. earn $100+.
5. Bots, bots, bots. Some bots are good when they post useful comments or make upvotes to help new users, but most of the bots are just whale accounts auto-voting to maximize their rewards daily. Take the human interactions and curation out (even if they were limited due to the above reasons) and even fewer new users will earn rewards.
Conclusion: Steemit has a pyramid-like dependency on new money coming into steem to prop up the price. Users will start dropping off and new investors who may have looked to buy steem will shy away because it's too hard to earn now. It was a good ride for a few people who made $100k or more, early whale accounts made 7 figures. Time to power down before the other whales do and tank the price.
P.S.: If steem drops back down to 10-cents, do you buy in and try to ride a rebirth?
The Steemit supporters seem to be celebrating the success of Steemit (200k users, 14k new posts per day), but the Steemit pyramid will come to an end soon. Here's why:
1. Rewards now are very little, often $0.00 or $0.01 for new users even with some upvotes. Because there is a fixed rewards pool, the rush of new users are all competing for that slice. While a year ago you could earn some decent $ posting even as an average user without the luck of a whale upvoting, now even with a dolphin account upvoting your post, you'll get make 10 cents. Motivation is not there to post.
2. Getting visibility and followers is really hard. They call it the grind - interacting with the community, building relationships, getting followers, aka social networking. But with 14k posts per day and growing, all the posts scroll past the first page in each tag so quickly, you get very little visibility. The success stories are the users who already have 100k+ followers on Youtube and bring them over. But those followers will give up after a week or two when they realize they can't earn much $ as an average user.
3. Since hard fork 19 (HF19), the dolphin and whale accounts are motivated to upvote themselves. The ability to earn $ curating other posts is very small compared to just upvoting your own posts or comments. This makes it harder for new users to earn and be discovered (one of the original premises of the platform).
4. There's a lot of crappy content. If you have 100k Steem Power and a few thousand followers, you need to churn out 2-4 posts a day to make your $100 to $300. The whale accounts that do upvote others tend to upvote the same few accounts, kind of like the 1% only doing business with other 1%ers. Good content is going unnoticed and crappy content such as bad memes, a few lines, reposting old videos, etc. earn $100+.
5. Bots, bots, bots. Some bots are good when they post useful comments or make upvotes to help new users, but most of the bots are just whale accounts auto-voting to maximize their rewards daily. Take the human interactions and curation out (even if they were limited due to the above reasons) and even fewer new users will earn rewards.
Conclusion: Steemit has a pyramid-like dependency on new money coming into steem to prop up the price. Users will start dropping off and new investors who may have looked to buy steem will shy away because it's too hard to earn now. It was a good ride for a few people who made $100k or more, early whale accounts made 7 figures. Time to power down before the other whales do and tank the price.
P.S.: If steem drops back down to 10-cents, do you buy in and try to ride a rebirth?
The Steemit crash is coming soon. New users and minnows (those with very little Steem Power) will start leaving as it is almost impossible to earn rewards posting now. Not only is there "circle jerk" behavior as described above where whales and dolphins upvote themselves and their own circle (some have alts and vote their alts), but there are now over 14k posts per day on Steemit. The true believers say that is a sign of mass adoption, but the reality is that each of those 14k posts is fighting for upvotes and rewards.
Your post scrolls off the #tags so fast that unless you already have thousands of followers, it's near impossible to get noticed. You have to be really lucky and get upvoted by a whale, or take the full plunge and invest several thousand (or tens of thousands) and comment spam/engage with the community all day to build up a following.
The average new account will give up. If the new users are not buying steem on the exchanges to power up their accounts, there will be decreasing new money flowing into steem. Already you are seeing lots of posts from frustrated users who can't buy a vote (symbolism intended). While Steemit isn't an outright Ponzi or pyramid scheme because of the blockchain/currency/platform elements which can be monetized, Steemit does share the same characteristics of a Ponzi and pyramid scheme:
1. Early adopters make $ on the backs of later adopters
2. Participation must show continued growth forever - as soon as it slows, the death spiral begins
Your post scrolls off the #tags so fast that unless you already have thousands of followers, it's near impossible to get noticed. You have to be really lucky and get upvoted by a whale, or take the full plunge and invest several thousand (or tens of thousands) and comment spam/engage with the community all day to build up a following.
The average new account will give up. If the new users are not buying steem on the exchanges to power up their accounts, there will be decreasing new money flowing into steem. Already you are seeing lots of posts from frustrated users who can't buy a vote (symbolism intended). While Steemit isn't an outright Ponzi or pyramid scheme because of the blockchain/currency/platform elements which can be monetized, Steemit does share the same characteristics of a Ponzi and pyramid scheme:
1. Early adopters make $ on the backs of later adopters
2. Participation must show continued growth forever - as soon as it slows, the death spiral begins
I've lost my 8th case in a row today with Paypal, losing $1200 total. This is about 10% of all my bitcoin transactions last 2 months.
As careful as I am with checking buyer is verified Paypal address, ebay account is aged (ignore the positive reviews you can't leave negative buyer reviews anymore), etc. you can still be scammed in 2 common ways:
- Buyer is the actual buyer and just wants to defraud you, so they will dispute a charge with Paypal or their credit card (or both)
- Buyer's account was hacked and the actual 'unauthorized' dispute is legitimate, but your virtual or physical goods were already shipped
Don't believe the Paypal seller protection. Even if you ship physical goods with delivery confirmation (I had 10 lines of evidence in several cases), Paypal will automatically screw the seller in many cases including any credit card dispute or anything with the word 'bitcon' in it (even if you ship hardware). Don't believe the Paypal press that they are supporters of bitcoin. What they are is risk-adverse and will look to screw the seller at every opportunity at any sign of a dispute no matter how flimsy the evidence.
I saw a buyer dispute 16 Paypal transactions (by checking the feedback history on ebay and contacting each one). We all received dispute notices the same day. Buyer won all of them. Yeah, right, buyer makes 16 separate ebay transactions with Q&A and delivery acknowledgment and it's us 16 sellers that are the scammer. Paypal doesn't care about sellers.
As careful as I am with checking buyer is verified Paypal address, ebay account is aged (ignore the positive reviews you can't leave negative buyer reviews anymore), etc. you can still be scammed in 2 common ways:
- Buyer is the actual buyer and just wants to defraud you, so they will dispute a charge with Paypal or their credit card (or both)
- Buyer's account was hacked and the actual 'unauthorized' dispute is legitimate, but your virtual or physical goods were already shipped
Don't believe the Paypal seller protection. Even if you ship physical goods with delivery confirmation (I had 10 lines of evidence in several cases), Paypal will automatically screw the seller in many cases including any credit card dispute or anything with the word 'bitcon' in it (even if you ship hardware). Don't believe the Paypal press that they are supporters of bitcoin. What they are is risk-adverse and will look to screw the seller at every opportunity at any sign of a dispute no matter how flimsy the evidence.
I saw a buyer dispute 16 Paypal transactions (by checking the feedback history on ebay and contacting each one). We all received dispute notices the same day. Buyer won all of them. Yeah, right, buyer makes 16 separate ebay transactions with Q&A and delivery acknowledgment and it's us 16 sellers that are the scammer. Paypal doesn't care about sellers.
I've lost $1200 on Paypal due to bitcoin related transactions (not selling BTC direct, but other ebay auctions) where seller disputes even after I show 10 lines of evidence that buyer purchased and received, Paypal still rules against me.
The only way to get your $ back is to open a paypal account and defraud others. Paypal will always screw the seller.
The only way to get your $ back is to open a paypal account and defraud others. Paypal will always screw the seller.
Now, why on Earth would mining profitability dictate long term price trends? If anything, bitcoin or other coins being unprofitable to mine would cause a price increase!
Because the majority of crypto coin adopters are those that got into it mining, investing in mining (shares or cloud), buying or selling mining equipment. You take mining out of the picture and the number of purist crypto coin adopters who care about everything except the mining drops dramatically.Re: WARNING: PAYPAL STARTED MASSIVE ACCOUNT BAN ON ANYTHING BITCOIN RELATED
they stated listings were pulled as selling of digitally delivered goods are against policy. i see alot of other listings have disappeared also so maybe an ebay wide thing going on..
They pulled them because the scammers are going crazy on anything bitcoin related, including mining contracts. I lost over $1k and are still getting Paypal reversals. Each morning I check my inbox and am prepared to groan at the next 'unauthorized' dispute.I reported every scammer and also contacted as many sellers as I could (daily limit on contacting sellers sucks, but used multiple accounts). Got many of them to report other fraudulent ebay buyers and maybe between that and all of the Paypal disputes it got their attention.
Or maybe ebay read some of the ebay/paypal community forums because I haven't been quiet about how Paypal screws sellers. Even with 10 lines of evidence Paypal would rule in buyer's favor. Seller takes all the risk. This has killed the secondary in-game currency / virtual goods market too.
I have no doubt they will eventually jump on the bandwagon. At this point they don't understand it completely and they want to make sure they know what they're doing and how to handle it properly when issues arrive. When they see that the whole world is getting into it, they have nothing left to do but join in along with everyone else. All they need is time.
PP won't jump on the Bitcoin bandwagon - never - for one simple reason: no reversibility of transactions. They can't screw the sellers if they can't control the funds. I suppose they could create hosted wallets and only allow btc transfers to another PP hosted wallet and then put controls in place on how long it takes to withdraw. But even if you withdraw funds to a bank account and get it in a few days, PP can still reverse it. They can't reverse a btc withdrawal to a wallet they don't host.
PP owes some culpability and I'm waiting for their next settlement with state AG's.
Almost all other financial services requires some minimum confirmation before allowing the transaction. Paypal and ebay try to make it as easy as possible to "one click buy" which means any hackers who comprise a user's ebay account can then buy stuff which the legitimate Paypal owner then later disputes - either directly with Paypal or via their bank/credit card (primary or backup funding sources on Paypal).
Ebay/Paypal won't add two factor authentication even though it is so easy to do these days with online apps like Google Authenticator or Authy or SMS or many other options. This would cut down on 90% of the fraud and also go a long ways at helping sellers win cases. Ebay/Paypal figure the % of sellers that are scammed are relatively low overall they are willing to let it happen because the revenue gained from "ease of use" far outweighs "dealing with fraud" and then they modify their policies to make the sellers bare all of the risk so they have administrative costs to process claims but aren't out the money - take it from seller accounts.
Unfortunately, even long-time users like me weren't aware of this because we had smaller transactions go fine for years. But once you venture into any kind of product that is on the scammer's radar, then it's total scamsville. It's not the odd rotten apple here and there, it's like entering a store full of pickpockets when selling virtual goods on ebay.
I always wondered why anyone was willing to sell it via paypal,but assumed they just needed to log the comms and record blockchain info in case I tried to reverse it. It wouldnt be hard to prove the transaction went through.
You can prove the transaction went through just fine, but that isn't enough evidence for Paypal to rule in your favor. Even if you printed a paper wallet and shipped it with delivery confirmation and signature, Paypal still won't rule in your favor. It's an automatic easy-to-win dispute for the buyer which is why there are so many scammers doing it now. You also have hacked Paypal accounts where they use BTC to cash out. They can' t just transfer to other paypal accounts and cash out because eventually there will be a bank account or credit card that connects to a real user (plus Paypal limits on transferring to/from unverified accounts). But use the Paypal account to buy BTC or other virtual goods (MMO in-game virtual currency) and then you can transfer the virtual goods around without being traced.
I just received 3 'unauthorized' disputes today from Paypal and 1 chargeback since my last post this morning.
It's total scammerville on ebay and Paypal. I feel bad for all of the sellers there right now - if you are selling anythign bitcoin related you will get scammed. It's not even a "cost of doing business" which is the usual warning to ebay sellers... it's a total outright scamfest.
Even filtering for ebay accounts that were over 1 year old and verified paypal addresses in the US, I got scammed. This last scammer had an ebay account that was open in 2004 and verified paypal account. Learned my lesson, again.
It's total scammerville on ebay and Paypal. I feel bad for all of the sellers there right now - if you are selling anythign bitcoin related you will get scammed. It's not even a "cost of doing business" which is the usual warning to ebay sellers... it's a total outright scamfest.
Even filtering for ebay accounts that were over 1 year old and verified paypal addresses in the US, I got scammed. This last scammer had an ebay account that was open in 2004 and verified paypal account. Learned my lesson, again.
I lost $1k due to Paypal 'unauthorized charge' reversal. I showed 10 lines of evidence (10 attachments) for every transaction and lost every single dispute.
I contacted 8 other sellers based on ebay feedback and all 8 confirmed the same story from the same buyer. Yet Paypal still won't support the seller's. We all got screwed. Stay away from Paypal and Ebay. It's a total nightmare, and even getting your ebay seller fees returned is a nightmare because when they Buy it Now with Paypal it's marked as a paid auction.
That was just one buyer. I have a few other disputes pending from other fraudulent buyers. Lesson learned. Avoid ebay/paypal at all costs. To think I've been a fan and avid user since the beginning... just didn't realize how bad it was as a SELLER.
I contacted 8 other sellers based on ebay feedback and all 8 confirmed the same story from the same buyer. Yet Paypal still won't support the seller's. We all got screwed. Stay away from Paypal and Ebay. It's a total nightmare, and even getting your ebay seller fees returned is a nightmare because when they Buy it Now with Paypal it's marked as a paid auction.
That was just one buyer. I have a few other disputes pending from other fraudulent buyers. Lesson learned. Avoid ebay/paypal at all costs. To think I've been a fan and avid user since the beginning... just didn't realize how bad it was as a SELLER.