Bitcoin Deposit Issue *Resolved

**muldoon** · 08-08-15, 05:46 PM

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.

**Legions36** · 08-08-15, 05:47 PM

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** · 08-08-15, 05:49 PM

Originally posted by 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.

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

**Legions36** · 08-08-15, 05:53 PM

Originally posted by muldoon

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** · 08-08-15, 05:56 PM

Originally posted by Legions36

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.

**Optional** · 08-08-15, 05:57 PM

Originally posted by muldoon

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** · 08-08-15, 05:59 PM

Originally posted by Optional

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.

**themike78** · 08-08-15, 06:06 PM

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** · 08-08-15, 06:06 PM

Originally posted by Hareeba!

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

**Buffalo Nickle** · 08-08-15, 06:32 PM

Originally posted by muldoon

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** · 08-08-15, 06:47 PM

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.

**raiders72001** · 08-08-15, 08:33 PM

Originally posted by muldoon

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.