Bitcoin Deposit Issue *Resolved

[raiders72001]

It's a clunky set-up at 5D. I'm happy they accept bitcoin - but it's still miles away from Nitrogen.

Your account shows the wallet you need to send to. If you make a bet and win, as soon as it's graded you can request the payout and barring some technical reason, within a few minutes it's on the way. No email romance novels going back and forth etc.

You hit the nail on the head. Bitcoin transactions are very simple and hassle free with the bitcoin books. Phone calls and 3rd party processors aren't needed.

The conventional books haven't worked out the kinks with bitcoin transactions.

[muldoon]

Here's a scenario for people that is not entirely unrealistic.

Let's say you want to pull $100 out of your book in bitcoin. You have a vendor online who exchanges bitcoin for amazon gift codes - and you'd like to buy some stuff on amazon.

The book says "please give us the address to send the bitcoin to"

You give them the deposit address for the amazon exchange site.

Bingo-bango - the book processes it and your vendor gives you the $100 code and you're off to buy that tub of lube or bulk pack of black hoods with an extra large nose slot.

3 months later you want to deposit and they accidentally give the wallet address you previously withdrew to. Except it has gone to wallet that not only is controlled some amazon code exchange place - but the place is now out of business.

It's your fault for not remembering that a code like 1NpNbULkAhPVu8DarHjb3vZS8tcZDG8agi is the same one you gave out months ago when you withdrew to the gift card site?

If the rule at 5-dimes is that you have to wait for them to give you an address - fine - the 2nd deposit is the fault of the user.

But not the first.

That may sound implausible - but it's not. I have another example that is much more realistic - but I won't type it here since I don't want to sound like I"m advocating something in the gray area of legality.

[Buffalo Nickle]

I can see where they'd have a case for the 2nd deposit (sort of). Since with that book, you need to actually ask for the address. Since it appears to all be done manually, for all we know they might give out the address to more than one person (unlikely - but possible)

Due diligence etc - but giving someone an address that isn't theirs was a mistake.

Funny how the player was the one being stressed on for not keeping track of his wallets, yet there's another party that also dropped the ball when it comes to wallet management.

Maybe so. But this is pretty much the same as having money transferred to an old bank account you have lost the password to. The only difference is that people say with BitCoin, "This is all too much to keep up with! I can't be held responsible."

But if the guy finds his password, he's struck gold free and clear.

Hard to believe 5Dimes is not going to take the easy way out. That's pretty remarkable.

[muldoon]

But you didn't recognise that it was your own address the first time?

Here'a a few addresses I generated today. If a person has a few dozen of these - I can't imagine they'd just eyeball it as "hey - I remember that one! I used that to withdraw that one time"

1NpNbULkAhPVu8DarHjb3vZS8tcZDG8agi


1NpNbULkAhPVu8DarHjb3vZS8tcZDG8agi


16QnEyTBeBjhRgws3VuvvkE5uujD3MtdLf


1JCf93q6kVAyE1vmiTD3pww1MBHGge5Cur

[themike78]

Way too many things that can go wrong with bitcoins. It is a good concept but way to many scammers and hackers out there to steal your money. One other thing how come threads on here do not get deleted when discussing bitcoin transactions to books but if we discuss other funding methods the threads get deleted? Please explain that reason to me. Bitcoin ok but say ......... not ok? I am confused

[muldoon]

They did once. Then he sent to it again without re-checking if he needed a new one.

I can see where they'd have a case for the 2nd deposit (sort of). Since with that book, you need to actually ask for the address. Since it appears to all be done manually, for all we know they might give out the address to more than one person (unlikely - but possible)

Due diligence etc - but giving someone an address that isn't theirs was a mistake.

Funny how the player was the one being stressed on for not keeping track of his wallets, yet there's another party that also dropped the ball when it comes to wallet management.

[Optional]

Did I read it wrong? I thought they gave him the wrong address to send to.

They did once. Then he sent to it again without re-checking if he needed a new one.

[muldoon]

They gave him his own address that he gave them. Because they have that stupid email deposit crap garbage which requires a few emails to each other before they even give you the address to send to.

It's a clunky set-up at 5D. I'm happy they accept bitcoin - but it's still miles away from Nitrogen.

Your account shows the wallet you need to send to. If you make a bet and win, as soon as it's graded you can request the payout and barring some technical reason, within a few minutes it's on the way. No email romance novels going back and forth etc.

[Legions36]

Did I read it wrong? I thought they gave him the wrong address to send to.

They gave him his own address that he gave them. Because they have that stupid email deposit crap garbage which requires a few emails to each other before they even give you the address to send to.

[muldoon]

Wow this guy really got over on 5dimes. Lucky you I guess. You have to know to keep your address for a while when depositing with these books just in case they say we will only send back bitcoin to the address you deposited too.

Did I read it wrong? I thought they gave him the wrong address to send to.

[Legions36]

Wow this guy really got over on 5dimes. Lucky you I guess. You have to know to keep your address for a while when depositing with these books just in case they say we will only send back bitcoin to the address you deposited too.

[muldoon]

If 5dimes gave him the wrong address, that's no different had they given him the wrong name to send W-U to. Regardless of whether it's his old address. A bitcoin address is not like an email or a name that you'd look at it and go "hey, why am I sending money to muldoon@somemailplace" .

5D could give me my own wallet from last fall and I wouldn't recognize it. If that address belonged to a web wallet I didn't have access to anymore - I'd sure as heck blame them.

[Hareeba!]

geez is there no limit to the stupidity of hareeba?

Indeed!
How utterly stupid it is to ask questions in an endeavour to learn.

Is that the way you respond to your kids too?

[Hareeba!]

Bitcoin is not the answer we were hoping for. I bought bitcoins a few times and by the time you receive it they price went down a few dollars. Then the book you send it to readjusts to whatever site they use as a guideline for bitcoin price. You can loose hundreds this way.

Can't really blame bitcoins for that. Same can happen with any currency.
Security appears to be the main issue.

[LordVodka]

Bitcoin is not the answer we were hoping for. I bought bitcoins a few times and by the time you receive it they price went down a few dollars. Then the book you send it to readjusts to whatever site they use as a guideline for bitcoin price. You can loose hundreds this way.

[Hareeba!]

Most people use Blockchain.info for bitcoin wallets as its an online wallet that doesn't require downloading the entire transaction log known as the bitcoin blockchain. When you sign up / create a wallet you are given a long alpha numeric username. It is random and has no pattern or anything such as "3i04-3932kf-skfps". If you clear your cookies this username will disappear. Because there is so much scamming going on there IS NO "forgot your password" easy reset. Many people don't keep a balance in bitcoin wallets so when they reset their cookies and need to use a wallet and go back to blockchain, they simply just create a new account instead of going thru email to try and find old username. You also need to have your password to log into your account. Also, some people use 2FA through google authenticator, a 3rd way of protecting your account from hacks. If you lose your phone you're essentially screwed.

In my lifetime of using bitcoin for 4 years I've created at least 10+ bitcoin wallets with blockchain. I could probably log into 3 of those. I've used over 500 addresses lifetime probably closer to 1000-2000.

If you lose the password or any of that, then you are simply screwed. Those bitcoins sitting in that address will never be used again. Its like burned money. The 3rd party though that hosts the online wallets, blockchain.info does have the passwords to those accounts but again unless you can truly 100% prove that you own those wallets which is almost impossible to do, blockchain.info won't give you access. Blockchain also wont ever use those coins as that would violate the idea of simply hosting and not owning said wallets of its users. So essentially if OP cant access those coins, those bitcoins can be considered "burned money".

Thanks for that explanation EVf.
I'd hate to imagine how many million$ have been "burned".
Thankfully I haven't yet had the need to go down this dangerous road.

[xpress]

I admit to not comprehending how the wallet system works.
I'm trying to understand how you can't access coins in your wallet.
If you can't, who can?
These aren't "comments". They are questions.
And they appear to indicate a serious flaw in the bitcoin process.
And I won't stop asking just because you think they're stupid.
Hopefully, if not you, someone else can answer them.

geez is there no limit to the stupidity of hareeba?

[Optional]

5dimes followed through on the second deposit. I'm waiting for my account to be credited.

Good news

[EVfollower]

I admit to not comprehending how the wallet system works.
I'm trying to understand how you can't access coins in your wallet.
If you can't, who can?
These aren't "comments". They are questions.
And they appear to indicate a serious flaw in the bitcoin process.
And I won't stop asking just because you think they're stupid.
Hopefully, if not you, someone else can answer them.

Most people use Blockchain.info for bitcoin wallets as its an online wallet that doesn't require downloading the entire transaction log known as the bitcoin blockchain. When you sign up / create a wallet you are given a long alpha numeric username. It is random and has no pattern or anything such as "3i04-3932kf-skfps". If you clear your cookies this username will disappear. Because there is so much scamming going on there IS NO "forgot your password" easy reset. Many people don't keep a balance in bitcoin wallets so when they reset their cookies and need to use a wallet and go back to blockchain, they simply just create a new account instead of going thru email to try and find old username. You also need to have your password to log into your account. Also, some people use 2FA through google authenticator, a 3rd way of protecting your account from hacks. If you lose your phone you're essentially screwed.

In my lifetime of using bitcoin for 4 years I've created at least 10+ bitcoin wallets with blockchain. I could probably log into 3 of those. I've used over 500 addresses lifetime probably closer to 1000-2000.

If you lose the password or any of that, then you are simply screwed. Those bitcoins sitting in that address will never be used again. Its like burned money. The 3rd party though that hosts the online wallets, blockchain.info does have the passwords to those accounts but again unless you can truly 100% prove that you own those wallets which is almost impossible to do, blockchain.info won't give you access. Blockchain also wont ever use those coins as that would violate the idea of simply hosting and not owning said wallets of its users. So essentially if OP cant access those coins, those bitcoins can be considered "burned money".

[Hareeba!]

Please stop commenting if you've never used bitcoin, you obviously have no knowledge of using it and experiences of such. I've used over 500 bitcoin addresses when sending/receiving, if someone asked me if "insert wallet address" was mine, I'd have no clue by just looking at it.

I admit to not comprehending how the wallet system works.
I'm trying to understand how you can't access coins in your wallet.
If you can't, who can?
These aren't "comments". They are questions.
And they appear to indicate a serious flaw in the bitcoin process.
And I won't stop asking just because you think they're stupid.
Hopefully, if not you, someone else can answer them.

[EVfollower]

5dimes followed through on the second deposit. I'm waiting for my account to be credited. Their management admitted that Todd from the epay department ****** up. Going forward I would hope that they retrain their epay department when dealing with bitcoin deposits. There are no ifs ands or butts when it comes to sending bitcoin. Either the wallet address is correct or its not. Does't matter if its 10btc or 1000btc.

Glad to hear. A+ service no doubt on them taking responsibility in this matter.

[beantownm3]

5dimes followed through on the second deposit. I'm waiting for my account to be credited. Their management admitted that Todd from the epay department ****** up. Going forward I would hope that they retrain their epay department when dealing with bitcoin deposits. There are no ifs ands or butts when it comes to sending bitcoin. Either the wallet address is correct or its not. Does't matter if its 10btc or 1000btc.

[EVfollower]

Yeah, I'm okay thanks.

But you didn't recognise that it was your own address the first time?

I've never used bitcoin so don't really understand the wallet thing it seems.
Seems odd to me that you don't have access to your wallet which should contain the bitcoin you sent to yourself?
Who ends up with the bitcoins if neither you nor 5dimes have them?

Please stop commenting if you've never used bitcoin, you obviously have no knowledge of using it and experiences of such. I've used over 500 bitcoin addresses when sending/receiving, if someone asked me if "insert wallet address" was mine, I'd have no clue by just looking at it.

[EVfollower]

I'd say there is a real problem here. The BitCoins are in your wallet. You have ownership. 5Dimes is responsible for your sending to your own wallet but since ownership never changed, I'd say you are screwed. Just another interesting aspect of BitCoin. That's the way I'd rule.

OP killed himself when he admitted ownership to the bitcoin address honestly. I've withdrawn from Bookmaker in BTC many times and often send to a 3rd party wallet such as Nitrogen, Coinbase, Bitfinex, etc. These are addresses I DONT own. I hardly ever actually own the addresses I send to, its annoying downloading the whole BTC blockchain - its like 10 GB last I checked.

5dimes needs to get out of this bookie-like service they run. Now all their deposit and withdraw methods are these "Epay options" which are so immature and unprofessional. Sending an email and waiting back and such...Go to bookmaker and their cashier will automatically give you a bitcoin address to send to. $ in your account within 5 minutes from sending - no having to email or wait an hour or talk to a support agent like 5dimes makes you do for bitcoin. 5dimes = hassle.

[Buffalo Nickle]

I'd say there is a real problem here. The BitCoins are in your wallet. You have ownership. 5Dimes is responsible for your sending to your own wallet but since ownership never changed, I'd say you are screwed. Just another interesting aspect of BitCoin. That's the way I'd rule.

[Optional]

You suspect I should have already known? THE DEPOSIT I MADE FOR 10BTC TO THAT ADDRESS WAS SUCCESSFUL WITHOUT ANY PROBLEMS CREDIT TO MY 5DIMES ACCOUNT AND WAGERED!!!!! That just ignorant statements you making now!!!!!

Had 5dimes contacted me to tell me this BEFORE the second deposit was made then I understand I would be at fault 100% for not sending to the correct address. The fact is the first deposit was made and credited, second was made and NOW the mistake comes to light.

And yes I am acting somewhat aggressive because its a mistake that could have been avoided from the beginning had 5dimes epay department done their job correctly.

You've just made several posts ranting about how easy it is to change Bitcoin wallet addresses but somehow think you should be able to resend to an old address without checking?

Just settle down and see if SBR can help. You're making it tougher to ask for goodwill with every post.

It sounds like they accepted the error and have honored the first deposit? Despite you possibly being able to find that password and retrieve the funds later. Hopefully they will be as accepting and helpful again.

[EVfollower]

You suspect I should have already known? THE DEPOSIT I MADE FOR 10BTC TO THAT ADDRESS WAS SUCCESSFUL WITHOUT ANY PROBLEMS CREDIT TO MY 5DIMES ACCOUNT AND WAGERED!!!!! That just ignorant statements you making now!!!!!

Had 5dimes contacted me to tell me this BEFORE the second deposit was made then I understand I would be at fault 100% for not sending to the correct address. The fact is the first deposit was made and credited, second was made and NOW the mistake comes to light.

And yes I am acting somewhat aggressive because its a mistake that could have been avoided from the beginning had 5dimes epay department done their job correctly.

Seriously, calm down. Tony at 5dimes will literally laugh at your face and show you the door. Ultimately it is 5dimes that can give you the $ or not, you being aggressive won't help. SBR can "help" but ultimately if 5dimes tells SBR and you no were not giving the money and taking responsiblity for the loss, its not going to change 5dimes rating of A+ at all.

[beantownm3]

You suspect I should have already known? THE DEPOSIT I MADE FOR 10BTC TO THAT ADDRESS WAS SUCCESSFUL WITHOUT ANY PROBLEMS CREDIT TO MY 5DIMES ACCOUNT AND WAGERED!!!!! That just ignorant statements you making now!!!!!

Had 5dimes contacted me to tell me this BEFORE the second deposit was made then I understand I would be at fault 100% for not sending to the correct address. The fact is the first deposit was made and credited, second was made and NOW the mistake comes to light.

And yes I am acting somewhat aggressive because its a mistake that could have been avoided from the beginning had 5dimes epay department done their job correctly.

[beantownm3]

Bitcoin wallets are easy to forget the info for. They are made virtually unhackable for a reason. The "password" is not a simple password as you might imagine - it is a long SHA scrambled password that is a long key. I've used over 500 addresses that if you asked me to "log in" too I'd only be able to login to probably 5 of them.

In my opinion here, 5dimes is definitely responsible for the first deposit where they gave you an address to send to and you did so. If they have frozen those funds at all then you have a legitmate case. I would also say they should take some responsiblity for the 2nd deposit.

The problem here though is, is there 100% evidence the OP does not have access to those bitcoins? Because if its not 100% then essentially he could freeroll 5dimes.

100% evidence = todd sent the wrong address to me from the beginning. he was not aware of his mistake until after the second deposit. the 20.20 btc has not been touched from the wallet still to this moment.

[Hareeba!]

@Hareeba if you got no clue what you talking about you shouldn't be on here making stupid comments...

Sorry mate and sympathise with your loss but, as I said, I've not got any experience in Bitcoin and was simply attempting to understand how the wallets work. I would like to learn and suspect others reading this would too. Sorry if my questions appear stupid to you.

[EVfollower]

Bitcoin wallets are easy to forget the info for. They are made virtually unhackable for a reason. The "password" is not a simple password as you might imagine - it is a long SHA scrambled password that is a long key. I've used over 500 addresses that if you asked me to "log in" too I'd only be able to login to probably 5 of them.

In my opinion here, 5dimes is definitely responsible for the first deposit where they gave you an address to send to and you did so. If they have frozen those funds at all then you have a legitmate case. I would also say they should take some responsiblity for the 2nd deposit.

The problem here though is, is there 100% evidence the OP does not have access to those bitcoins? Because if its not 100% then essentially he could freeroll 5dimes.

[Optional]

I have just done so. This thread is to communicate to all the fact that 5dimes epay department made a big mistake and that it could happen to anybody. I could have easily rectified the situation had I KNOWN myself the address was wrong. But every time they sent me someones name in the Philippines to send money to or a wallet address to deposit too I just assume they are right and doing their job correctly. In this case they did not do their job correctly and now I lost the money. And yes they lost money as well but THIS IS WHAT YOU GET WHEN YOU SEND THE WRONG DAMN WALLET ADDRESS!!!!!!!!!

You are not helping your cause being aggressive. I'd say we will need 5Dimes to show some goodwill if you want to see this again.

I suspect you might already know you should not have resent to that address without checking with 5D first?

[beantownm3]

@Hareeba if you got no clue what you talking about you shouldn't be on here making stupid comments...

[Hareeba!]

Have you ever seen what a bitcoin wallet address looks like? Now go ahead make 50 of em and try recognize the difference yourself or which one is which for that matter.

go to www.blockchain.com click on wallet type in email address BOOM you have a bitcoin wallet.

Repeat process BOOM you have another bitcoin wallet.

Repeat process BOOM you have another bitcoin wallet.

And so on.

No I haven't but regardless it seems there's a basic and serious flaw in the bitcoin system if you can't access coins you put into your own account.

So who now has your coins? And is there no means of recovering them?

[beantownm3]

Yeah, I'm okay thanks.

But you didn't recognise that it was your own address the first time?

I've never used bitcoin so don't really understand the wallet thing it seems.
Seems odd to me that you don't have access to your wallet which should contain the bitcoin you sent to yourself?
Who ends up with the bitcoins if neither you nor 5dimes have them?

Have you ever seen what a bitcoin wallet address looks like? Now go ahead make 50 of em and try recognize the difference yourself or which one is which for that matter.

go to www.blockchain.com click on wallet type in email address BOOM you have a bitcoin wallet.

Repeat process BOOM you have another bitcoin wallet.

Repeat process BOOM you have another bitcoin wallet.

And so on.