Bitcoin Forum

What service did mybitcoin.com provide?

it was an online wallet. it ran off with everyones money. those people that used it, including Bruce, were stupid. sorry to say.

And Bruce was the only that got his money back. But it was only 25K BTC at an exchange rate higher than it is today. The act of kindness did show that Tom Williams had a heart, but he quickly came to his senses and kept the rest on deposit. Shortly thereafter, Bruce and Ed went to Pattaya and made a many young boys very, very happy with their infamous three-prong attack.

It was a webwallet, I used it, it seemed to work just fine, until it suddenly disappeared (I luckily did not have any coins on it when this happened). There may be some old threads lying around detailing the situation, but essentially the guy claimed there was a security breach and somebody had made off with a large portion of the bitcoins. Most people who had bitcoin there never got any back.

As the name of it sounds (my)bitcoin - the owners goal was to claim every bitcoin in the world as his hence (my)bitcoin and ended up almost doing it.   Bruce wagner (the owner of it)  would eventually run off with btc booty and go to pataya to spend on booze and little boys it turns out.

Has blockchain.info wallet been around longer?

The blockchain wallet was started this year I believe.

If I recall correctly, mybitcoin.com users got 49% of their coins back (I was one of the stupid people who trusted some bitcoins to them, by the way).

<- Like my picture  ;D

Mybitcoin.com was the easiest, most user friendly bitcoin ewallet for consumers and merchants alike. I have yet to see one as simple,  straightfoward, and streamlined. On top of that, it was free. I used it for small amounts of BTC and received 49% of my funds back after the "hack."

That being said, it is very possible that it may have been a scam from the very beginning.

I guess one could say that MyBitCoin was the very first successful 51% attack.

If I open an online wallet and you send coins there  it isnt your bitcoin it is My Bitcoin.

But if another person contributes to the pool, then it's OurBitcoin, albeit subject to a future arr..arr...arrrrrrrr.

No any coins sent are now My Bitcoin  :P

This video explains the whole situation quite well.

http://www.youtube.com/watch?v=OjV3wdXDHDk

I've seen a car in the Arlington, Texas area with a vanity license plate "MYBITC". I don't know if it's related or not but I wish I would have taken a picture.

Was it perhaps a small car, maybe a type of car starting with a C? The plate could be something like "My Bitty Car". Probably has nothing to do with bitcoin.

Just so that everyone knows, one important difference between blockchain.info and MyBitcoin is that blockchain.info can't run off with your money.

I'm assuming you're asking because you want to know if you can trust blockchain.info's web wallet service.
The beauty of it, as I understand it, is that you don't need to trust them.
All they have is an encrypted backup of your wallet, your clear text private keys only live inside your browser.
Even if they disappear you can still get access to you coins via a third party piece of software or from the paper backups that you can make.

if you saved those numbers and password they give u?

The password you chose yourself, and yes you need to remember it.

Their Import/Export page lets you print out, or export clear text or encrypted backups of your wallet with all the information you need to access you coins from other clients if you wish to.

MyBitcoin was also providing a shopping cart API for e-shops. Was it the first provider of this kind of service?
As far as I remember, Tom Williams said that site was hacked through the hole in shopping cart API.

And Tom Williams didn't get a scammer tag because...?

I dont think he had a forum account. Although a user by the name of "TheMadhatter" used to pimp their service out all the time.

Having forgot about this fiasco, I wrote a simple iOS app called myBitcoins to keep track of my offline addresses.  Oops :)

Anyhow, it's on the AppStore for a buck (see sig).

I knew he didn't have a forum account. Also, Satoshi and Bruce Wagner used to "pimp" said service.