A simple bitcoin scam

Saw this posted on craigslist. Not sure how long it will be there, so copied here for a humorous archive.

For those of you that are aware of the digital currency Bitcoin: There has been discovered an exploit that utilizes a series of computers on an "isolated from the internet" back-network that participates in intercepting the data stream where the bitcoins are circulated/stored. The backnet of PC's run a series of algorithms that have the net effect of doubling the bitcoin amount sent to certain addresses. This happens for BOTH receiver and sender to certain bitcoin rcv address programed into the algorythm.

In other words you can double your bitcoins sent total in about 10-30 minutes (the time it takes the algorithm to run and the backnet pc’s to sync with the internet bitcoin datastream and finally your PC to also sync with the datastream (bitcoin calls it catchup) after which your amount sent should be returned two fold.

The algorithm will only work with WHOLE numbers at this point in time. So the minimum amount you can double is: 1 bitcoin (not .1 or .01) You can send 1 or 10 or 32 but NOT 1.23 or 10.50!! So ONLY whole amounts - no cents.

This is working as of Jan 09 2012 and if you wish to double you can simply send any whole amount to bitcoin address:

—> 19tH2sG6RiLiEA2gkaqoWsspapQRiFYNaP <—

So 1 bitcoin = you get 2 back. 10=20, 23=46, 120=240, ect…
You can use as many times as you wish for any whole amount. If you do not see your bitcoins comeback after about 45 min, make sure you are running bitcoin 0.5.1 beta and if not, get the latest version, install and let it sync. You should see your coins doubled!

My favorite part of this is the number 10.50. That extra 0 makes it look like money, which presumedly anyone falling for this would be thinking. I left the address in case anyone is wondering if it is recieving BTC. :slight_smile: