Coinbet.cc -- $340,000 stolen, the worst 45 days of my life. [Long]
jjgold
SBR Aristocracy
07-20-05
388208
#2
anyone playing at bitcoin books has brain damge
Comment
spider
SBR Posting Legend
05-21-11
11378
#3
Originally posted by jjgold
anyone playing at bitcoin books has brain damge
not true. anyone leaving a balance of more than $50 at bitcoin books has brain damage.
Comment
horja1
SBR Hall of Famer
01-13-11
5646
#4
no chance he gets anything back .... coinbet is gone
Comment
lecubs28
SBR Wise Guy
10-17-11
638
#5
Originally posted by jjgold
anyone playing at bitcoin books has brain damge
listen to jj this man knows what he's talking about.
only play at safe books like betcascade, betislands, betrevolution, and alliant sportsbook.
Comment
Burkina2008
SBR Sharp
04-11-11
362
#6
Bitcoin is the biggest scam of the decade...
Comment
relaaxx
SBR MVP
06-15-06
3283
#7
bitcoin i think is a good investment for the future. but not for gambling. seems like it's worth a shot to invest a small amount in buying bitcoins and holding on to them for a while. a lot like a risky stock you think has a good risk/reward value. but to trust a sportsbook using bitcoins is crazy. can't trust great old time sportsbooks 100% with cash never mind a new type of currency in a fairly new sportsbook..
Comment
OTL
SBR MVP
03-08-10
2433
#8
Originally posted by Burkina2008
Bitcoin is the biggest scam of the decade...
Spot on. Leave Bitcoin to the domain of the criminals and hackers.
Comment
Legions36
SBR MVP
12-17-10
3032
#9
Anyone here care to tell me if u would at a place that has only been open for 2 months pretty much max deposit and max bet as much as he could then built his balance upto 340k? The guy has to be the biggest fool i have ever come across. He even posted pics of his 10k-20k bets at this place. I know they are a scam but how can u add to the fire like that.
Can anyone admit that they would even consider something like this, how dumb could he be? I have seen some idiots here and there but to this magnitude? Of course the new place would turn into a scam after this. Yes 2 months old this guy is betting that kind of money.
Comment
bettingstation
SBR MVP
03-25-13
1084
#10
Now... who believes me that bitcoin is a scam? its like a pyramiding...
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#11
I will keep saying it stay away from bitcoin books
Comment
dirtdog52658
SBR Sharp
05-19-11
450
#12
Originally posted by jjgold
I will keep saying it stay away from bitcoin books
Agree 100% just an accident waiting to happen.
Comment
HeeeHAWWWW
SBR Hall of Famer
06-13-08
5487
#13
Not sure this is really anything to do with bitcoin, it's just another scam book that closes doors rather than paying big winners. Could happen regardless of the deposit method.
Comment
inter1097
SBR Sharp
10-04-09
459
#14
What's insane is this book had a policy where if you criticized the book in any way on forums/blogs or whatever.. they could ban your account, So it wasn't until he figured he had zero chance of getting his money that he came forward. Meanwhile while they had the muzzle on this guy, other people were depositing not knowing better. So that makes this situation 100 times worse than your ordinary stiff job.
Comment
bookie
SBR MVP
08-10-05
2112
#15
Originally posted by HeeeHAWWWW
Not sure this is really anything to do with bitcoin, it's just another scam book that closes doors rather than paying big winners. Could happen regardless of the deposit method.
+1
Bitcoin is here to stay. There will still both scammers and well-intentioned business fails that use Bitcoin, but the thing itself is past a tipping point and won't go anywhere.
For bettors its value is that for a tiny transaction fee you can withdraw your money after every bet. So the worst case scenario is losing a day's plays, not your whole bankroll.
Comment
Burkina2008
SBR Sharp
04-11-11
362
#16
Originally posted by bookie
+1
Bitcoin is here to stay. There will still both scammers and well-intentioned business fails that use Bitcoin, but the thing itself is past a tipping point and won't go anywhere.
For bettors its value is that for a tiny transaction fee you can withdraw your money after every bet. So the worst case scenario is losing a day's plays, not your whole bankroll.
Just like tamagoshi is still here...
Comment
Hareeba!
BARRELED IN @ SBR!
07-01-06
33478
#17
Originally posted by bookie
For bettors its value is that for a tiny transaction fee you can withdraw your money after every bet. So the worst case scenario is losing a day's plays, not your whole bankroll.
I can do that with real money at all my books (bar Pinnacle) for no transaction fee.
Comment
Hareeba!
BARRELED IN @ SBR!
07-01-06
33478
#18
Originally posted by bettingstation
Now... who believes me that bitcoin is a scam? its like a pyramiding...
That's like saying Euros, GBP, USD, AUD etc are scams because those are the currencies Canbet stole from it's customers?
Comment
Scorpion
SBR Hall of Famer
09-04-05
7797
#19
http://coinbet.cc/ was in biz for only the first 3 months of 2014, correct?
Comment
Legions36
SBR MVP
12-17-10
3032
#20
Originally posted by Scorpion
http://coinbet.cc/ was in biz for only the first 3 months of 2014, correct?
Literally in business 2months and dude was max depositing and max betting ever bet, I saw bets from 10-25k. Some really dumb people in the forums but he ranks highest by far. This place turned out to be a scam but seriously who does that?
Bitcoin sports betting site Coinbet.cc shuts down one day after poker player Michael Katz goes public with inability to withdraw $340k.
Comment
Scorpion
SBR Hall of Famer
09-04-05
7797
#22
Originally posted by Legions36
Literally in business 2months and dude was max depositing and max betting ever bet, I saw bets from 10-25k. Some really dumb people in the forums but he ranks highest by far. This place turned out to be a scam but seriously who does that?
Yes sir, 2 months in business offering 200% bonus
Comment
AleksX29
Restricted User
04-23-14
4
#23
Coinbet was a terrible book since the very beginning. They had a casino that was scamming players and they stiffed some other players before that, so this guy was incredibly dumb to trust them. Good bitcoin books are Anonibet, Ball2Win, BetcoinSports etc.
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#24
There is zero regulation with bitcoin and that must factor into your equation whether you use this type of book