Bitcoin Forum

Economy => Service Discussion => Topic started by: WikileaksDude on October 19, 2013, 12:16:34 AM



Title: Vault of Satoshi - New Exchange
Post by: WikileaksDude on October 19, 2013, 12:16:34 AM
Information on reddit /r/ bitcoin

http://www.reddit.com/r/Bitcoin/comments/1oqdoo/vault_of_satoshi_new_north_american_exchange_is/

WEBSITE: https://vaultofsatoshi.com/

Thoughts on this?


Title: Re: Vault of Satoshi - New Exchange
Post by: MAbtc on October 19, 2013, 11:49:03 PM
Information on reddit /r/ bitcoin

http://www.reddit.com/r/Bitcoin/comments/1oqdoo/vault_of_satoshi_new_north_american_exchange_is/

WEBSITE: https://vaultofsatoshi.com/

Thoughts on this?

Looking at the order book -- https://vaultofsatoshi.com/orderbook -- I don't know if I'm ready to move any funds there. 0.5% trade fees for <100 BTC traded in a month (I mean, look at that order book). Can't see deposit/withdrawal options.


Title: Re: Vault of Satoshi - New Exchange
Post by: BIGMERVE on October 20, 2013, 12:05:46 AM
Has anyone used this site yet. It looks somewhat well designed, but I don't see withdraw options.


Title: Re: Vault of Satoshi - New Exchange
Post by: Dare on October 20, 2013, 12:39:15 AM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.


Title: Re: Vault of Satoshi - New Exchange
Post by: Inkvor on October 20, 2013, 01:06:10 AM
under satoshi ?


Title: Re: Vault of Satoshi - New Exchange
Post by: MAbtc on October 20, 2013, 01:08:37 AM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.
Interesting. Well, like I said, the order book looks pretty thin, LOL. I'm lazy to sign up at the moment, but I'd love to hear what kind of deposit and withdrawal options they have, and if anyone has tried it.


Title: Re: Vault of Satoshi - New Exchange
Post by: Marbit on October 20, 2013, 03:50:08 AM
never heard of it..... what do you guys think?


Title: Re: Vault of Satoshi - New Exchange
Post by: fattypig on October 20, 2013, 08:36:53 AM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.

What is reddit gold?


Title: Re: Vault of Satoshi - New Exchange
Post by: Dare on October 20, 2013, 07:34:24 PM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.

What is reddit gold?

It adds some extra features and bonuses to Reddit and helps pay for server costs ($3.99/month, bitcoin accepted). There's a list of the features at http://reddit.com/gold/about.


Title: Re: Vault of Satoshi - New Exchange
Post by: b!z on October 21, 2013, 09:44:30 AM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.

That was a pretty big giveaway. I think they should have given free BTC or $ on their site. Reddit Gold is not really related to BTC.


Title: Re: Vault of Satoshi - New Exchange
Post by: petersiddle98 on October 21, 2013, 10:26:27 AM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.

That was a pretty big giveaway. I think they should have given free BTC or $ on their site. Reddit Gold is not really related to BTC.

I would be interested in they give free BTC :)


Title: Re: Vault of Satoshi - New Exchange
Post by: b!z on October 21, 2013, 01:38:34 PM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.

That was a pretty big giveaway. I think they should have given free BTC or $ on their site. Reddit Gold is not really related to BTC.

I would be interested in they give free BTC :)

Wouldn't we all be interested in that? ;D


Title: Re: Vault of Satoshi - New Exchange
Post by: xypos on October 21, 2013, 01:53:07 PM
Has anyone tried this yet?


No, not me.
I am not sure it is trustworthy.


Title: Re: Vault of Satoshi - New Exchange
Post by: johncarpe64 on October 21, 2013, 02:12:48 PM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.

That was a pretty big giveaway. I think they should have given free BTC or $ on their site. Reddit Gold is not really related to BTC.

I would be interested in they give free BTC :)

Hahaha, everyone would...


Title: Re: Vault of Satoshi - New Exchange
Post by: MAbtc on October 21, 2013, 05:52:50 PM
They gave away ~$1100 of Reddit Gold yesterday, so they attracted a lot of attention, but I don't know anyone who's used the exchange. Good PR though.

That was a pretty big giveaway. I think they should have given free BTC or $ on their site. Reddit Gold is not really related to BTC.

I would be interested in they give free BTC :)

Yeah, it seemed like an odd choice -- why Reddit gold? Why not run a BTC promo for Redditors instead? Seems very strange, but.... hopefully this exchange goes somewhere? Seems pretty empty....


Title: Re: Vault of Satoshi - New Exchange
Post by: CEG5952 on October 21, 2013, 06:47:12 PM
i'll try it if they can get some orders on the books


Title: Re: Vault of Satoshi - New Exchange
Post by: BIGMERVE on October 22, 2013, 04:19:12 AM
i'll try it if they can get some orders on the books

I think that's the catch 22 here. Everybody is waiting till they get more orders, but they won't get orders if everyone's waiting.


Title: Re: Vault of Satoshi - New Exchange
Post by: calian on October 22, 2013, 07:24:08 PM
i'll try it if they can get some orders on the books

I think that's the catch 22 here. Everybody is waiting till they get more orders, but they won't get orders if everyone's waiting.

They'd have more luck getting funds on the exchange if they offered a small return on deposits a la mcxNow.


Title: Re: Vault of Satoshi - New Exchange
Post by: MAbtc on October 22, 2013, 10:01:14 PM
i'll try it if they can get some orders on the books

I think that's the catch 22 here. Everybody is waiting till they get more orders, but they won't get orders if everyone's waiting.

They'd have more luck getting funds on the exchange if they offered a small return on deposits a la mcxNow.
Are they promoting the site in any way? This market does have some level of saturation... can't just expect people to flock to a new site for no other reason than because it is new.


Title: Re: Vault of Satoshi - New Exchange
Post by: joesmoe2012 on October 23, 2013, 01:50:03 AM
Did they take the bittcoin favicon from bitcointalk? They both look the same in my tab bar.

<edit> Also, nice site, but don't you think requiring people to send PGP encrypted email may be a little overboard? No other exchange requires this. Why not just implement a simple upload feature on the site for verification documents?


Title: Re: Vault of Satoshi - New Exchange
Post by: BIGMERVE on October 23, 2013, 02:04:58 AM
Did they take the bittcoin favicon from bitcointalk? They both look the same in my tab bar.

<edit> Also, nice site, but don't you think requiring people to send PGP encrypted email may be a little overboard? No other exchange requires this. Why not just implement a simple upload feature on the site for verification documents?

A lot of sites use that favicon.


Title: Re: Vault of Satoshi - New Exchange
Post by: MikeXBT on November 01, 2013, 07:50:52 PM
I was under the impression that they had a dozen convenient deposit options such as Interac and transfer to BMO? On their deposit page, I only see:

"Deposit Money
We currently support certified checks and wire transfers.
Alternativly you can always transfer in Bitcoin, Litecoin or Peercoin and have your order filled in USD."

Do I need to contact them in order to have the other deposit options unlocked, or were they removed?


Title: Re: Vault of Satoshi - New Exchange
Post by: phillipsjk on November 16, 2013, 08:38:06 PM
I tried to sign up, only to discover that their contact information is incorrect:
Quote from: Contact page
Operated by Global CryptoCurrency Solutions Inc.
300 Colborne Street West,
PO Box 25098 West Brantford,
Brantford, Ontario
Canada, N3T 1L0
That appears to be two distinct addresses smashed together.

According to Canada Post (http://www.canadapost.ca/cpo/mc/default.jsf)
Quote
An address within
N3T 1L0

Find an Address
The postal code cannot be found

We found 0 results. Please check your data and edit to make changes.

Results from the Postal Code look-ups for the two apparent addresses:
Code:
300 COLBORNE ST W
BRANTFORD ON  N3T 1M2

PO Box 25098 RPO WEST BRANTFORD
BRANTFORD ON  N3T 6K5

Will be pulling the corporate registration next week (costs less than sending them money).
Edit: Done. results:
STATEMENT OF NO MATCH FOUND (http://phillipsjk.ca/bitcoin/vaultofsatoshi_on.pdf)
Needless to say, I won't be doing business with them until they can produce a copy of their Corporate registration. If they did not claim to be incorporated, this would not be a requirement.

Update: Second search attempt failed:
Invalid fields (http://phillipsjk.ca/bitcoin/vaultofsatoshi_on2.pdf), Third attempt (http://phillipsjk.ca/bitcoin/vaultofsatoshi_on3.pdf), Fourth attempt (http://phillipsjk.ca/bitcoin/vaultofsatoshi_on4.pdf).


Title: Re: Vault of Satoshi - New Exchange
Post by: btcto on November 20, 2013, 02:28:53 PM
That is our mailing address, and Inc. should be Incorporated. Look us up by corporate number #002369690


Title: Re: Vault of Satoshi - New Exchange
Post by: Davyd05 on November 20, 2013, 03:47:02 PM
That is our mailing address, and Inc. should be Incorporated. Look us up by corporate number #002369690

doesn't bring any results up. the corporate numbers are also 7 digits not 9 ( if its a federal corp) however no clue how to search provincially without paying money which seems backwards,..the only number that can be entered for this length is a Business Number which you enter 9 of 15 numbers in the search.

I am surprised its this difficult to find this information


Title: Re: Vault of Satoshi - New Exchange
Post by: ninjaboon on November 27, 2013, 07:34:12 AM
How trustworthy is this exchange?
I might sell PPC on it.


Title: Re: Vault of Satoshi - New Exchange
Post by: phillipsjk on December 03, 2013, 05:44:04 AM
I was hoping they would be successful, but they have so far refused to fix their contact information (https://vaultofsatoshi.com/contact). For some reason, they want to avoid telling people to mail stuff to an obvious P.O. Box (so they disguised the real address with a fake address).

After that red flag, I tried to get a copy of their corporate registration (which should have their actual address). They do not appear to be registered in the Province of Ontario. I used this service (https://www.appmybizaccount.gov.on.ca/sodp/portal/osb/) for the look-up. I have not done too many such look-ups in the past, so I may have missed something. That is two red flags.

I am not ready to yell "scam!" just yet though.


Title: Re: Vault of Satoshi - New Exchange
Post by: wc4482 on December 03, 2013, 01:17:19 PM
I was hoping they would be successful, but they have so far refused to fix their contact information (https://vaultofsatoshi.com/contact). For some reason, they want to avoid telling people to mail stuff to an obvious P.O. Box (so they disguised the real address with a fake address).

After that red flag, I tried to get a copy of their corporate registration (which should have their actual address). They do not appear to be registered in the Province of Ontario. I used this service (https://www.appmybizaccount.gov.on.ca/sodp/portal/osb/) for the look-up. I have not done too many such look-ups in the past, so I may have missed something. That is two red flags.

I am not ready to yell "scam!" just yet though.

Thank you for your investigations. Keep us posted!

I've been looking for an exchange that has reliable uptime. CampBX is having some issues... so a little competition is never a bad thing.


Title: Re: Vault of Satoshi - New Exchange
Post by: Hueristic on January 30, 2014, 03:23:57 PM
 ???


Title: Re: Vault of Satoshi - New Exchange
Post by: adaseb on February 02, 2014, 06:35:43 AM
Yes does anybody here actually use these guys. I got one of my documents rejected because I blanked out balances and account numbers.

Seems like an identity scam website.


Title: Re: Vault of Satoshi - New Exchange
Post by: BTCetera on February 21, 2014, 12:20:49 AM
While I'm certain that VoS is legit, as they are backed by real people (http://ca.linkedin.com/in/mikecurry), and have a solid platform (http://www.reddit.com/r/Bitcoin/comments/1xoza9/vault_of_satoshi_unfazed_by_problems_plaguing/), I cannot get a hold of customer service. Emailed them twice, 10 days later still no reply.

Too bad.


Title: Re: Vault of Satoshi - New Exchange
Post by: btbrae on February 21, 2014, 12:39:56 AM
So uh... any guesses as to why it's called Vault of Satoshi? Is it...

a) The CEO will disappear suddenly.
b) Once Bitcoins are deposited they remain in statis whilst people speculate on the reemergence of the CEO.
c) They are hoping to collect 1.5 million BTC.
d) The CEO is actually Satoshi.
e) They cracked the password to Satoshi's BTC and want everybody to share the spoils.
f) Something else.... ?


Title: Re: Vault of Satoshi - New Exchange
Post by: 12gaFacelift on February 26, 2014, 08:59:50 PM
I trade over 10 000$cad each month and on all that i only convert under 1000$, the exchange i use never ask to me other information than bank account name and bank account info for the deposit. ID to exchange under 5000$ is not needed in Canada, and to be honest i will not give my ID to someone who want to exchange my BTC to cad only because he say its the law.


Title: Re: Vault of Satoshi - New Exchange
Post by: bananas on February 26, 2014, 09:51:10 PM
it is clearly run by kiddies, stay away


Title: Re: Vault of Satoshi - New Exchange
Post by: bitcoinminer on February 26, 2014, 09:51:38 PM
<double facepalm>

Are people really this stupid?


Title: Re: Vault of Satoshi - New Exchange
Post by: C10H15N on March 26, 2014, 07:48:02 PM
Unfortunately, their inability (or refusal) to comply with FIN-2013-G001 makes them useless as an exchange to the world's largest economy.   :(


Title: Re: Vault of Satoshi - New Exchange
Post by: eyebuyyourcoinz on April 08, 2014, 01:15:04 PM
VoS recently announced they'd be doing an IAMA on reddit today at 13:00 EST/10:00 PST, probably to convince new participants to join them.
However if you try to sign up or log in, they show these errors:
SIGNUP TEMPORARILY DISABLED (Awaiting on an Amazon Security fix)
LOGIN TEMPORARILY DISABLED (Awaiting on an Amazon Security fix)

Announcement from their PR guy on reddit (effected should be affected):

Quote
This morning it was brought to our attention that there is a current bug with openssl that has lead to vulnerabilities in the Cryptocurrency community. While we at Vault of Satoshi are not directly effected on any of our primary servers, a third-party load balancing server could be effected. For this reason we have chosen to proactively suspend all sign access today and have contacted our third-party provider in order to get this matter resolved with the utmost haste.

We assure users that this matter is only temporary measure, that all accounts and balances are currently secure and we will be in constant communication with our provider in getting this matter resolved. Trading will be resumed as soon as the third-party updates the system software; it was not an easy decision for us to make but we would never want to take a risk with your assets.

If you have any questions feel free to reach out to our support team - we hope to be back with you shortly.



Title: Re: Vault of Satoshi - New Exchange
Post by: clownius on April 08, 2014, 01:27:02 PM
VoS recently announced they'd be doing an IAMA on reddit today at 13:00 EST/10:00 PST, probably to convince new participants to join them.
However if you try to sign up or log in, they show these errors:
SIGNUP TEMPORARILY DISABLED (Awaiting on an Amazon Security fix)
LOGIN TEMPORARILY DISABLED (Awaiting on an Amazon Security fix)

Announcement from their PR guy on reddit (effected should be affected):

Quote
This morning it was brought to our attention that there is a current bug with openssl that has lead to vulnerabilities in the Cryptocurrency community. While we at Vault of Satoshi are not directly effected on any of our primary servers, a third-party load balancing server could be effected. For this reason we have chosen to proactively suspend all sign access today and have contacted our third-party provider in order to get this matter resolved with the utmost haste.

We assure users that this matter is only temporary measure, that all accounts and balances are currently secure and we will be in constant communication with our provider in getting this matter resolved. Trading will be resumed as soon as the third-party updates the system software; it was not an easy decision for us to make but we would never want to take a risk with your assets.

If you have any questions feel free to reach out to our support team - we hope to be back with you shortly.

Does someone here know more about this current bug with OpenSSL that has lead to vulnerabilities in the Cryptocurrency community?

Its not just the crypto-currency community.  Its basically any website that uses SSL of any sort.  Like the entire Internet.  Heck most servers have some sort of remote management which uses SSL of some sort to encrypt things.

http://heartbleed.com/

By my basic understanding with enough patience someone could basically read the servers RAM and pull the crypto-keys from that.  With that they could in theory log into remote management on the server and do whatever.  That or sit there reading all the encrypted traffic (so your username and password for example). If i was an exchange i would have shit myself when this news dropped and checked hot and cold wallets immediately.  

Wont be surprised if at least one exchange has either been hacked and lost at least their hot wallet or just claims so to pocket a bunch of customer funds.  Bail-ins are a bitcoin tradition now so what better reason then a major SSL flaw.