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InvisibleBlackWidow
Male

Registered: 09/25/11
Posts: 2,395
Sheep Marketplace Likely Just Scammed $40 Million In Bitcoins..
    #19206464 - 11/29/13 09:03 PM (10 years, 2 months ago)

I just thought you guys should see this.

http://www.reddit.com/r/SheepMarketplace/comments/1rpy1t/i_was_wrong_it_is_a_scam_proof_inside/


Do NOT deposit bitcoins into sheep right now. Inform everyone else. Any bitcoins in your sheep account cannot be taken out.

No one is 100% sure that they have scammed but it sure appears to be this way.


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Invisiblemoonrockmushy
High on Spite
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Registered: 07/01/05
Posts: 19,068
Re: Sheep Marketplace Likely Just Scammed $40 Million In Bitcoins.. [Re: BlackWidow]
    #19206472 - 11/29/13 09:05 PM (10 years, 2 months ago)

That would probably drive down the price, right?  Anyone got any guesses as to that?


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InvisibleHobozen
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Registered: 11/03/11
Posts: 10,634
Loc: Flag
Re: Sheep Marketplace Likely Just Scammed $40 Million In Bitcoins.. [Re: BlackWidow]
    #19206473 - 11/29/13 09:06 PM (10 years, 2 months ago)

"Czechmated"

:lol:


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OfflineDirtyTomFlint
( ಥـْـِـِـِـْಥ)
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Folding@home Statistics
Registered: 11/26/13
Posts: 1,879
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Last seen: 1 year, 2 months
Re: Sheep Marketplace Likely Just Scammed $40 Million In Bitcoins.. [Re: Hobozen]
    #19206475 - 11/29/13 09:07 PM (10 years, 2 months ago)

Sheep? What a joke. SR is back up, anyone heard from anyone else using it?


--------------------




Know Your Body, Know Your Mind, Know Your Substance, Know Your Source


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InvisibleBlackWidow
Male

Registered: 09/25/11
Posts: 2,395
Re: Sheep Marketplace Likely Just Scammed $40 Million In Bitcoins.. [Re: moonrockmushy]
    #19206492 - 11/29/13 09:12 PM (10 years, 2 months ago)

Quote:

moonrockmushy said:
That would probably drive down the price, right?  Anyone got any guesses as to that?



A very small amount MAYBE. The bitcoin market cap is at about $13 billion, so $40 million would have only a small effect. (In my opinion. I could very well be wrong.)


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OfflineImFukNCLUELESS
I SPIT ON PEOPLE
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Registered: 11/19/12
Posts: 1,580
Last seen: 9 years, 1 month
Re: Sheep Marketplace Likely Just Scammed $40 Million In Bitcoins.. [Re: BlackWidow]
    #19206576 - 11/29/13 09:34 PM (10 years, 2 months ago)

I sure fuckin hope not

GODDAMIT i should payed attention to what was going on today before transfering BTC's today


--------------------
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FOO MAN'S WBS TEK
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DONATE TO THE  "IM FUCKING BROKE FUND" 1PtqhURaxtCpGpeUBNqeZi7XnmKwWe8WWf

"my girl said it's OK to have a little penis
I prefer she didnt have a penis at all"-prisoner#1


Edited by ImFukNCLUELESS (11/29/13 10:06 PM)


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Invisiblemoonrockmushy
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Registered: 07/01/05
Posts: 19,068
Re: Sheep Marketplace Likely Just Scammed $40 Million In Bitcoins.. [Re: BlackWidow]
    #19206677 - 11/29/13 10:06 PM (10 years, 2 months ago)

Quote:

BlackWidow said:
Quote:

moonrockmushy said:
That would probably drive down the price, right?  Anyone got any guesses as to that?



A very small amount MAYBE. The bitcoin market cap is at about $13 billion, so $40 million would have only a small effect. (In my opinion. I could very well be wrong.)




I'm sure you know more than me so thanks for the insight.  I'm just curious, and I think it will be a good indicator of if minor setbacks can have a big impact.  If that is the case I feel like the market could be easily manipulated through media alone, even if there is nothing behind the reports.  I know this sort of manipulation is super-illegal with stocks but with bitcoin maybe it is easier to get away with.


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OfflineMrBlueYoMind
Don't do drugs (Without me)

Registered: 04/27/11
Posts: 3,753
Last seen: 2 months, 19 days
Re: Sheep Marketplace Likely Just Scammed $40 Million In Bitcoins.. [Re: moonrockmushy]
    #19206774 - 11/29/13 10:34 PM (10 years, 2 months ago)

Quote:

moonrockmushy said:
That would probably drive down the price, right?  Anyone got any guesses as to that?




Not at first(if at all), Most likely it will drive it up since those coins will be taken out of the market(Supply goes down when demand stays the same means price goes up)


--------------------
Confucius say: He who sticks drugs in butthole has head up ass. 
EVOLUTION REQUIRES REPRODUCTION


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