undyingking: (Default)
[personal profile] undyingking
Hello [undyingking],

Maybe you have heard about BitCoin.

I want to inform you that Bitcoins now is not completely virtual and you can buy physical Bitcoins.

We make coins from metal, electroplated with real gold. Each coin contains redeemable bitcoin private key protected by hologram sticker.

If you interested, please, visit my shop: [website redacted].

Or you can write me email: [email address redacted].

[name redacted]

You have to love the optimistic mind that would come up with a daft scam idea like this. I wonder how many takers they got.

Date: 2011-10-26 04:15 pm (UTC)
From: [identity profile] ron-broxted.livejournal.com
On the matter of spam I hear you had 2 comments from a troll using my ID. As it is an offence I am getting info together to send to plod;)

Date: 2011-10-26 04:44 pm (UTC)
From: [identity profile] undyingking.livejournal.com
Good luck with that!

Date: 2011-10-27 10:56 am (UTC)
From: [identity profile] bateleur.livejournal.com
If I thought the coins really existed, I'd happily order one as a collector's item!

Date: 2011-10-27 11:04 am (UTC)
From: [identity profile] undyingking.livejournal.com
Mm, would make a nice souvenir.

Date: 2011-10-27 03:02 pm (UTC)
From: [identity profile] undyingking.livejournal.com
Maybe you can: https://www.casascius.com/ seems to be the site that the spam email was imitating (see comment below).

Date: 2011-10-27 03:12 pm (UTC)
From: [identity profile] bateleur.livejournal.com
Ooh, shiny!

Date: 2011-10-27 01:49 pm (UTC)
From: [identity profile] venta.livejournal.com
One of my colleagues is bizarrely interested in this, and would like to know whether he could have the un-redacted link.

I don't think he wants to buy one...

Date: 2011-10-27 03:06 pm (UTC)
From: [identity profile] undyingking.livejournal.com
I guess no harm in that: it's casascius(dot)net. But be warned that the genuine (FSVO) site that it seems to be phishing around is http://www.casascius.com, which might be of more use to your colleague.

I believe this because I just got an email from the .com guy complaining about the spam blackening his good name… now I suppose this might just be the next part of a complex multi-level scam, but I prefer to think not, for the sake of my sanity.

Date: 2011-10-27 02:15 pm (UTC)
From: [identity profile] mr-malk.livejournal.com
So presumably BitCoins are something that everyone else except me has heard of then? I think perhaps I have an addition to that old maxim about con artistry:

"You can't con an honest man, or indeed a man who hasn't the faintest clue what on Earth you are jabbering about..."

Date: 2011-10-27 03:08 pm (UTC)
From: [identity profile] undyingking.livejournal.com
Mm, ignorance is the best defence against all sorts of things. Bitcoins are quite a clever idea (a self-sustaining virtual currency), but unfortunately they've run into all sorts of problems since encountering large irregular-shaped chunks of reality.

Date: 2011-10-27 03:12 pm (UTC)
From: [identity profile] venta.livejournal.com
I did actually wonder if there was any crossover at all between people who'd heard of/cared about/wanted BitCoins, and people who might fall for such a scam!

Date: 2011-10-27 08:08 pm (UTC)
ext_44: (crisis)
From: [identity profile] jiggery-pokery.livejournal.com
I find it difficult to regard this as a scam, which suggests I don't understand it properly.

It reminds me of the highly coloured pound coins that you see advertised from time to time at well above their nominal value; you're paying for the beauty of the physical item, not its fiat currency value, and making a purchasing decision on whether or not you consider the objet d'art sufficiently artistic for your money. If the physical coin contains a private key charged to, ooh, US$0.1 worth of BTC, but is sold for US$10, then the question is whether the presentation is worth US9.9 or not. It probably won't be IMO (not that I've seen it and so cannot judge) but I can't imagine that the presentation wouldn't be pretty enough to be worth US$1.9 or so.

Date: 2011-10-28 07:20 am (UTC)
From: [identity profile] undyingking.livejournal.com
Indeed, as comments above discuss, it turned out not to be a scam (or rather, this particular email still was, but the trade it describes is real).

Date: 2011-11-02 10:31 am (UTC)
From: [identity profile] amaleejyna.livejournal.com
I don’t usually reply to posts but I will in this case.


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