So why is everyone saying AlphaBay is about to exit scam?

I have not been a long time member of a DNM, but I am hearing around here that AlphaBay is about to exit scam for some reason? I know they made some comments and made some actions that were not very good in the public eye, but from me looking around, I am seeing that their website is one of the cleanest designed DNMs around from my searching.

Anyways, my questions are why are people claiming AB is about to exit scam? What DNM would be next in line to start going to for products? I have one order where my funds are in escrow with a reputable vendor. In fear of losing my BTC and receiving no product, should I at least partially release funds from escrow so that if an exit scam were to occur, I would at least get some of my product I ordered? I am confused as to what I should do.

Thanks Ootein


Comments


[34 Points] None:

everyone says every market is going to exit scam


[10 Points] Trappy_Pandora:

I feel a lot like kramer after the n word incident. No real harm done, but the flames of drama... Torch bearers from the olympics could not compete with how far the fools ran with whatever they could carry.


[8 Points] DeadIn10Months:

So why is everyone saying AlphaBay is about to exit scam?

Mental illness and paranoia caused by long term drug abuse, mostly.


[9 Points] Vendor_BBMC:

I don't know how long ago alpha02 deleted his reddit account. But doesn't it take 3 months before records are deleted permanently from reddit's server, making a subpoena pointless?

So I don't think it's "imminent", even if it was being planned. It would be at least 3 months after handing over to Trappy Pandora, then quietly deleting his account.

I think I know the reasons, and they're to do with carding, alphabay, and tarring all carders with the same brush. I'm going to discuss the nature of exit scams in general, the signs, and alphabay's chances of attempting it and pulling one off.

First of all, I'd like to say that whoever purchased this subreddit and replaced the mods, it wasn't alphabay. Negative threads about alphabay stay near the top of the "hot" list even with just a few contributions, so they're not being hidden by the moderators, and you don't get attacked by shills for posting on the subject. It's safe to discuss them here which is an important and overlooked point.

If you know any carders, you'll know that the first thing they start talking about when they meet is some new idea they had to obtain money fraudulently. They think about it brushing their teeth, and as they drift off to sleep. They're risk-takers who will join ponzi schemes with full knowledge of what they are, because they think it's early enough to hand their investment over to those above them, then rip off those below them before the scheme collapses.

But just because fraud is their job, and what drives them, it doesn't follow that they will steal from US just because we can't go to the police, or our bank, and bitcoin is better-suited to crime than cash. I have carders amongst my direct customers who I've dealt with for 2 years, I know that I can do business with them.

I'm a criminal too, along with all my other customers and every marketplace site. Any site can steal from us, but they can only get 2 days-worth of your takings. If a vendor can't withdraw his takings for any reason, ANY REASON, he should IMMEDIATELY go into vacation mode to hide his listings, but still post orders he confirmed before that point in time - that's vendor best practice.

Agora didn't offer multi key escrows, it couldn't for technical reasons, and it didn't need to. Multikey escrows, protect you from theft - but not for the reasons you think:-

Agora didn't rob us, which is fortunate. If they did, they would have got clean away because it was an "off-blockchain" or "bitcoinless" site for its final year. It was like a casino where your bitcoin was exchanged for gambling chips at the door. these were used for all the drug trades, escrows etc in the casino, whie the bitcoin went on a merry-go-round tumbler out in the car park (that used to go wrong a lot). We vendors were exchanged our winnings for freshly cleaned and folded bitcoins when we came out of the casino, but nobody could see anything but a tumbler on the blockchain.

Alphabay has escrows WHICH CONTAIN BITCOINS. You can watch your bitcoin go in on blockchain.info. just before it goes in, you see alphabay slice their commission off. Anyone can follow it to their wallet. That should make everybody feel safer, because alphabay CAN'T exit scam and get away with it, without their own exchange.

Alphabay is a nice interface, well-thought out and a bit different. Its also the carder's last chance - one more strike and carders never see another bitcoin, and they would be as welcome on markets as guns and poisons. I feel like I can trade on it safely. American vendors have a history of being robbed without consequence, so they may prefer abraxas (EastIndia is Europe-only), or even Middle earth or Nucleus (if you don't mind a bit of drama).

Manufacturing vendors like myself, quantik or top gear Uk have higher profit margins so we can be a bit more gung-ho. I could sustainably lose 2 days of takings EVERY week but it's been 18 months since I, personally, had bitcoin stolen.

I dunno. maybe I miss the danger but I'm going to trade on there at least once, and leave a little bitcoin there for them to look after. If TrappyPandora thought anything dodgy whatsoever was occurring now, he would tell us now. Not afterwards.

Trappy wouldn't encourage me onto alphabay for me to be ripped off.


[5 Points] young_k:

Thats a bunch of FUD, and I don't think its neccesary. They are getting plenty of negative attention as it is right now without the need for shills/FUD/bullshit lies being spread around...if someone wanted to bring negative attention to alphabay, they can easily just point out some facts of events that have transpired over the last ~2weeks...

No one knows who's going to exit scam except the people involved, anything else is FUD/speculation at best.


[6 Points] redditulousfun:

As soon as the banks open in the morning i am going to deposit a few thousand to alphabay am i more nervous than usual because of recent events? Nope same as when i deposit to any market im nervous until either vendor has my cash or i have the drugs but that is for every market. Alpha run by carders big deal at the very least atleast we know who runs it and they would have to burn and earn there rep to exit scam. Agora we all know most love who runs/ran that market? Could easily be carders and i suspect many many markets will pop up in the future and will keep that fact hidden because of the heat alpha has caught from shareing that info.


[3 Points] SkinBintin:

No one trusts DNM'S. Even more so when it's one run by carders. Thieves are thieves and sooner or later, they will rip you off. It's in their nature. That combined with some of their iffy actions lately makes people extremely skeptical that they will be around any longer than it takes to build a decent market share, then run off.

Personally, I don't use it much. And when I do, I transfer the exact amount of BTC required, and nothing extra. Not willing to risk it. And I stick to sub $100 purchases.

As for design, I don't really like it. I prefer designs like DHL or NUC to the likes of AlphaBay.


[2 Points] procowtipper:

Probably because it's looking like their business traffic is about to decrease bigtime. With so many good choices for markets and direct deals becoming more popular there's no real reason to put up with shit like that. Regardless if the outbreak was cause by a customer not following clearly established rules of depositing the situation has been handled very poorly.


[2 Points] None:

The difference between Alphabay and other markets is, Alphabay is controlled by a confirmed fraudster. I wouldn't trust people who make a living from fraud to hold my money (look how Evo turned out...). They don't care about your feelings.

It is in a fraudster's job description to exit scam.


[1 Points] agorathrow8080:

Unless alpha is different. ..i dont use it, you cant just release some funds. If you want to ask for a tracking number and check it, if there is a package then relase themnif you feel.the need. Escrow works for eveyone in scam times some people loose mostly vendors tho.

Other than that, dont release them but the second it hits your mailbox release dont wait.


[1 Points] None:

everyone?sounds like 3-4 ppl are saying that


[1 Points] rabbit_hole_diver:

i think Agora were extremely professional with how they shut down. they left on very good terms and left the door open to come back because you know if they do, the best vendors will arrive and with many a custie in tow. $$$ cha-ching.


[1 Points] DarkC0de101:

TeamDarkc0de™ #OpAlpha: Boycotting Alphabay

Join #OpAlpha and revolt against the new leaders of the market.

https://www.reddit.com/r/AlphaBay/comments/3zt5zy/update_teamdarkc0de_top_12_alphabay_carding/

They are hiding under a wave of "phishing" to steal money from the poorest of the poor...

Boycott AB, Until they change the situation and stop robbing us.


[0 Points] None:

Reminds me of Agora a bit.


[0 Points] None:

[deleted]


[0 Points] booeyspread:

Because junkies are a paranoid lot and will say anything in a drug induced trip-out or when their package hasn't arrived in a timely fashioned