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Flexcoin users should see a bump in their balance today as payments went out last night for the months of March and April.  |
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I actually just waiting on some bidding from virtEx... I sent the money, apparently theres a rule if u dont send the same a mount ends with acc number, you need to wait 100 days or something. costumer support wasn't good, stopped replaying me after 2 hours. I totally send 24 emails, Called 14times. Guess what? 15th time with skype he picked up and fixed my problem right away. He also made it clear he is the boss he can refuse to do business with anyway.... WHAT CAN I SAY AFTER THAT??? WHAT A GUY!!! The end threatening part was extremely unprofessional, but I also Apologized as well because it is partly my fault too. Businesses don't have to do business with you and it was your fault. It's all written out plainly on their site, exactly what you have to do, in order to have a smooth transaction. But 1 thing though.... that 12hours of email and that 7 hrs phone call ignored? then finally got through with skype? Anywhere I might beleive, Canada, I call it BS. BTW I live in Northern Ontario. What? did I mention until I called with skype they told me because I made a mistake during transaction I was the minority to take care of? maybe i should've waited an other night.
Yes, in that first paragraph. I quoted it at the top of this post, for your reference. Story aside. After I got on skype with him he helped me out. But you cant help but imagine if skype didnt exist. So you're saying that Skype works for support, and the transaction all worked out. I'm happy for you. Now please stop wasting your time filling in the order book with silliness. |
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is Flexcoin a safe way to hold bitcoin? Flexcoin is as safe as we can make it. We're constantly auditing code and looking for holes. Probably as safe as every other web-based wallet: you are trusting the site owner, and the security he/she can provide. And also he/she can run anytime with your money. True, and this is the same argument I faced over and over by the pitchfork wielding masses when I took over Flexcoin last month. I'm not going anywhere. IMO a little less safe. With Blockchain.info, Ben doesn't have access to your funds afaik. As far as you know? I'll tell you straight out that Flexcoin has access to your coins. |
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Flexcoin clientele may have noticed that they didn't get their monthly payout for the month of March, on April first. Rest assured that we still have all the coins. A bug was discovered in the payout system which caused the payouts not to go out. On the first of May 2012, Flexcoin will issue a payout for the two months prior. Regular Flexcoin payments will resume June 1st 2012.
We apologize for any inconvenience.
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Can you please email details to support(at)flexcoin.com and we'll look at the issue asap.
~James
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Hi everyone,
I just wanted to state that this evening, we are going to be moving flexcoin's domain and making changes to DNS. This could result in a temporary outage.
~James
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Currently we're having some issues with our main site flexcoin.com. Do not panic, bank.flexcoin.com is functioning fine, you can still deposit and/or remove coins. We're working on a fix right now, I'm sure it's related to the domain ownership change / DNS update. I figured I would be pro-active and advise everyone of the issue before any rumors started. I'll let you know more, as soon as I know more. Thank you for your patience. |
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Sorry, I have not been monitoring this thread as closely as I should have been. So I missed that last post.
Transferring of the actual server should be done by tomorrow. "The Founder" and I have been dealing with the hand-over of the hosting/server/cold-storage etc for the last little while, and suffice it to say, it's not going as smooth as either one of us would like. These things take time, and I would like to apologize to all who are waiting for this to be finalized and for whatever inconvenience it may be imposing.
I have yet to be handed the keys to any social media accounts, and thus cannot push out any messages telling of the coming change-over. Additionally I have yet to be given any emails/email-lists to contact people about the pending changes. I do realize that it says the quoted line in the privacy policy, and as "Yooter Marketing" was/is responsible for that privacy policy they should be held responsible (asked nicely) to send out an email to all people subscribed to the Flexcoin service, advising them of the change-over.
I realize this response will most likely not satisfy your concerns. However, I would like you to know that I do take this seriously, and as such will be looking into it right away and encouraging the good people at "Yooter Marketing" to take the proper steps to avoid violation of their own privacy policy.
Thank you.
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Thank you. I repaired mine |
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If it's a cold be sure to drink/eat an orange for 100% vitamin C.
I did, and I still feel like death. But thank you for the suggestion. No, Flexcoin says clearly in their terms they are not responsible for covering lost coins. James Gray has said he sees no reason to change the terms for now.
I would like to see a bitcoin bank provide some level of insurance against loss (a bitcoin version of FDIC), even if they have to charge for it. However, I don't see this as imperative. Flexcoin, as the first bitcoin bank, doesn't cover loss and that's fine because they are clear about it. Their customers can make their own decisions about the risk of banking with them, trusting essentially they will do everything they can to protect deposits. For many users in exchange for convenience (and along with reputation) this will be enough. We won't be changing the terms and conditions for at least a while. But I do want to say that we are looking into options for insuring deposits. This is a complicated thing of course, but one up for discussion in the long term, as I too think that we should be able to find a way to provide insurance on deposits. But I worry that the bitcoin community may not be ready for monthly banking fees. Welcome James A. Gray! I wish you the best of luck!
Here are my thoughts:
1) I also thought it was hilarious that your user ID is mark_logan while your name is James A. Gray
2) I was going to offer to drive up to Canada to meet you, but unfortunately Google Maps tells me that Alberta, Canada is a 38 hour drive away from Cleveland, Ohio. Feel free to look me up if you're ever in the area!
3) Does Flexcoin already, or do they plan to be the third payment API system competing with bit-pay.com & mtgox.com checkout solutions for merchants?
4) Will Flexcoin give the ability that Paypal has of allowing me to send bitcoins using their payment API system (see #3 above) to send bitcoins to an e-mail address?
I feel this is a great opportunity for a "bitcoin bank" to provide the service where I don't have to send money from dsfsd3543DSFS to sdfdsjfslf5335DSFS3lkjer for example. It's a small annoyance, but a cumbersome detail that Flexcoin could simplify!
5) I'm not sure if Flexcoin is a "bank" so before we go asking whether they are adhering to all of the regulations that Banks must comply with, keep in mind that we're in the wild west of bitcoin world here. Most of the laws and regulations aren't written for bitcoin.... yet!
Don't presume that any previously applied protections and laws automatically apply to Flexcoin.
6) Don't hold your breath for FDIC coverage... As for Flexcoin insuring our deposits, that's likely going to take some time. But give them time to get started. I'm guessing as they deal with attacks (which sounds like they are prepping for), and grow in experience, they will eventually have a business reason to offer insurance against deposits. Until then, we either have faith in the system, or we don't.
Just some brain vomit as I lay here awake in the middle of the night/morning. Happy investing! 1) James Gray is a family name. My father and his father share the same name. 2) Yes, Cleveland Ohio is far, far away from here. Next time I make the trek to visit my father in law in Wisconsin I'll consider your offer! 3) The API is, from what I know, in a "half finished" state. What this means, I'm not exactly sure, but it is on our Radar as being a very VERY important thing going forward. 4) Another thing we want to work on. (The list is very long.) Because I agree that sending money to a human readable email address is better than trying to remember what the hash was! 5) Yes. 6) Security first. Take care of what you have and then look towards the future. From his reddit:
Quote
what is the most interesting thing you know? by rezynin AskReddit
[–]Mark_Logan 1 point 3 months ago (1|0)
How to track, trap and skin a wolverine. Of course, it's a skill I haven't used since I was 8 and No, not just wolverines, wolves, caribou, bear, fox as well.
Posted on: Today at 07:38:33 AM Posted by: kjlimo Yes. I used to live here. I'm Serious. |
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Alright, I'm going to try and sleep off my illness and get back to answering these questions in the morning. Post away!
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As I asked before, can you please tell us who you are in the physical world?
Facebook profile? Linkedin profile? Address? Work experience?
Something! James Gray. 29 Years old. Telecommunications Engineering Technologist for Bell Canada. Facebook I've always kept pretty locked down: http://www.facebook.com/jamesaegrayI think I created a linkedin profile, but I never did anything with it. Alberta Canada. Telecommunications, that's my work experience. Which is why I didn't go at this alone, I brought in my friends in security analysis. I can't guarantee I can continue answering questions today. I'm quite ill at this time. But, I'm going to try.
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James Gray is my real name. Go figure though, as it's so ridiculously common it's almost always easier to use the alias I came up with in 1997 "mark_logan".
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James Gray: Just curious..
Do you run any other bitcoin projects/websites.
And to: the founder (FlexCoin)
Do you know James Gray? I am sorry for what i am about to say and REALLY dont want to sound mean or anything.
But according to your post you said something like: You will sell flexcoin to a Trusted Member of the community because you dont want to sell to just anyone.
While that is REALLY good thinking, i am just wondering if you knew James, because it seems he just joined (3 posts?) and umm that doesnt seem to be a Trusted Member on the community..
Any reason for the change or is he a member BUT couldnt login or something? I saw a reply that said he was not able to reply so im thinking he is a member here but i dont see him or you post there "other" username.
I know i am sounding like a asshole, I really dont mean to.. Just would like more info on James is all.
Ether if you or james answer or not - i STILL wish both of you the best of luck!
There's nothing "asshole" about what you're saying at all. Other than my absolute failure of a foray into online auction sites (see: bitmarket.ca) I have never put anything into the Bitcoin world. I've just been sitting back reading, watching, and really waiting for an opportunity to get involved. I understand fully that "trust" is not something that you buy with a bitcoin company. You have to earn it and it's HARD and I appreciate that, and if people move their coins from Flexcoin for the time being, I can appreciate that as well. It's your money, and I'll be the first to advise you to take care of it. I had my password leaked when MtGox got hacked. I had friends who lost coins (albeit not a whole lot) when mybitcoin went down in flames. I've been here watching this whole crazy ride and I understand your concern and my team and I are going to work hard to address those concerns, and earn your trust, as we should. |
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Fantastic! As I noted in an earlier post I see a bank as a crucial pillar to first level economic infrastructure above the raw system. I was therefore a bit disappointed to see that Flexcoin was putting itself on sale. But sometimes setbacks mean opportunity, and that's what this appears to be. I'm looking forward to the new offerings in Flexcoin's future under new ownership. @the founder - thanks for being a pioneer and bringing the community a bitcoin bank which has gained respect. @mark_logan - congratulations! Looking forward to seeing where Flexcoin goes from here. A question... will Flexcoin still meet the 3 criteria which I believe are crucial for a bitcoin bank? 1. Emphasis on properly securing Bitcoins 2. Clearly spelled out terms (they are not responsible for insuring bitcoin loss) 3. Transparency of corporate entity in legally respected country like US or UK I have two guys right now chatting my ear off about security. It's all they do and it's what they were meant to do. I know that Bitcoin is a hacking magnet, and we're doing everything we can to prepare proper security. We're not planning on changing the Flexcoins terms. We believe them to be pretty clear, and if people have any input on that, we'd love to hear it. We're still setting up all the details on our corporate entity, but hope to be done that by the end of next week. |
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Hey James, On behalf of Bitinstant, welcome to the forums and good to see Flexcoin has found a new owner As a community, we strive to be extremely transparent. Most of the companies that do business here and who's staff post, have released details about themselves and their staff. On that note, can you tell us a little bit about yourself? How did you come into Bitcoin, how do you see growth for the future? What have you worked on in the past? Good to have smart people on board and always looking for the future of Bitcoin! -Charlie Shrem CEO, Bitinstant.com I'd be happy to tell you more about myself. I'm a married man, have a dog and a cat and work a 9-5 job. I came into Bitcoin just before the boom. I was told about it by a good friend of mine who had been crunching Bitcoins, pretty much since the beginning (Back when you could generate coins in hours. ALONE! WITH YOUR CPU!). It sounded like an interesting enough idea. I watched the boom, the crash and even tried to launch an auction site... an idea that I never really was able to commit enough time to, and subsequently never went anywhere. Now that Bitcoin's value has stabilized more, I believe we're going to see growth, that's going to be positive for the entire community. That's a big reason why I decided to enter the market at this point. I want to take a moment at this time to say that today has been a rather rough day due to outside influence, and while I'm going to try and answer as many questions as I can, my ability may be impaired due to health reasons. But please continue to ask whatever you like, and I'll answer as soon as possible. |
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Hello,
My name is James Gray and I am head of the team of people who will taking over "Flexcoin". I would like to start by saying that we are honoured to have the opportunity to carry on the Flexcoin name, and are looking forward to carrying on the business practices, customer support, and attention to detail, and security that has made Flexcoin the respected name it is today.
In the weeks to come, my security analysts will be reviewing all the supplied Flexcoin code, reviewing the servers and making sure everything is up to date. Security is of the utmost importance and will continue to be during our ownership.
We're really excited to have this opportunity, and have a lot of great new ideas for features and services we can offer as the premier bitcoin bank. We look forward to talking with our customers and finding out what more we can do to provide the bitcoin community with great services going forward.
~James
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Well, that was embarrassing. Thanks, it's fixed now |
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Hi, I just wanted to let you all know that I've whipped up an auction site that uses Bitcoin as it's main currency. I would really like the communities input in making it something that can help bolster the economy of Bitcoin with more trade. It's not 100% just yet, and we're pretty much destined for a few bumps along the way, but I'm open to comments and suggestions about how to make it all better. Because someone is inevitably going to ask the question about "profit/business model" I'll get answering that out of the way... I have no idea, hopefully something will spring to mind that is not intrusive on the experience. But, as for right now... it's all free. Oh, and it's on a .ca domain because I'm from Canada... and all the cool .coms were scooped up by 1999.  Feel free to check it out, and leave any feedback to admin at bitmarket.ca. Thank you all in advance. Bitmarket.ca |
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