Me too.
Oh well both of my computers tanked last night too. I had an auto payout of 0.5 BTC sent to my MyBitcoin account that payed out, but did not generate the payment recieved email from Mybitcoin about 5 hours ago.
Emphasis is ours. We have been suffering this problem since the 17th of June. This was a motivating factor of moving away from MyBitcoin to a direct payment method for BitcoinCashout.com. |
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All re-loadable cards in the United States need to be registered due to the U.S. Patriot Act. The Greendot MoneyPak is considered a stored value card and is not re-loadable. It may be used to reload a prepaid card which is required to have the identifying information. We sell non re-loadable cards at http://www.bitcoincashout.com and were going to offer re-loadable but, interest in giving personal information to be in compliance with U.S. law decreased demand significantly. Also, the re-loadable cards you purchase at Walmart may be used unregistered but, as soon as you try to re-load them, you will be required to provide your information. We are also unaware of any re-loadable card in the U.S. that does not require a SSN and that does not report to the U.S. government. can I use your physical cards in an ATM machine? I think I had this conversation with you via email, but I can't find it now, and don't remember what you said. Otherwise I might just be destined to just buying computer parts from newegg with your cards  But having the option for cash withdrawal is a huge bonus for me Unfortunately not, as that would also require registration and remove its classification as a stored value card(this is what the industry has determined by their offerings). What some of our user have had success in doing is adding the card to their Paypal account and withdrawing the funds to their account. This method makes $1 unavailable on the card due to Paypal authorizing the card(Yes, our cards do pass all AVS checks). We are still investigating ATM capable cards but, they are very pricey and have other issues. We will be offering in the near future, silver coins,checks, and money orders. Checks, and money orders will be mailed to any address/recipient you ask us and could be used to pay for items that accept snail mail methods of payment. |
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Two things would really help make BiddingPond a professional auction site.
1) Stop putting BiddingPond's bitcoin address as Newbies payto address. I've seen this multiple times; new user puts up first auction, buyer sends BTC to address in auction listing. "Hey buyer do you want this or not?" "Dude, I frackin paid you" "no you didn't" "Yes I did" "where's my $, what bitcoin address?" "Sonofanutcracker BiddingPond's got the money" etc.
2) Put up a frackin BID NOW button. How is anybody I email a listing to gonna bid, huh? A new BP user will search in vain for the BID button and move on.
Suggestions noted. We are actually working on a complete rewrite and redesign of the site with integrated escrow and other fun features. This version will also have a better FAQ and tutorials. |
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We are now back up and running accepting Bitcoin payments directly! No more third party merchant hassles! Silver sales have been pushed off until next week. We will be offering 1oz silver coins as well!
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I bought a MoneyPak and all I did was hand cash and get the card at a 7/11
Interesting, and you didn't have to verify SSN later like on the phone or anything? Can you use it like a CC (say if I want to buy something from newegg) or in an ATM? I'm not sure, since I just sold it on here... I know it can be used to add money to paypal, I don't think it works like a CC All re-loadable cards in the United States need to be registered due to the U.S. Patriot Act. The Greendot MoneyPak is considered a stored value card and is not re-loadable. It may be used to reload a prepaid card which is required to have the identifying information. We sell non re-loadable cards at http://www.bitcoincashout.com and were going to offer re-loadable but, interest in giving personal information to be in compliance with U.S. law decreased demand significantly. Also, the re-loadable cards you purchase at Walmart may be used unregistered but, as soon as you try to re-load them, you will be required to provide your information. We are also unaware of any re-loadable card in the U.S. that does not require a SSN and that does not report to the U.S. government. |
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I made a simple program to pull the current market values from tradehill and bitmarket....as of right now, it's still in very early stages, so it literally does NOTHING else (including no autorefreshing or anything fun like that....yet.....) however I figured some people may find this a bit more useful than trying to pull two separate values to find out where to buy or sell coins at...also before anyone asks, yes, I am in fact trying to get MtGox in there as well, however their API just isn't cooperating with me......hopefully in the near future. https://github.com/dubbz82/Bitcoin-Price-CalculatorWe might have some code to contribute on the MtGox side. We haven't tested it since they upgraded their backend. If it still works we will contribute it. Will post the code later this evening(EST time).This is in python but it might help you see how we solved the parsing. There may be a couple of bugs in this version. We have a newer version laying around somewhere once we find it. #!/usr/bin/env python
import simplejson
import urllib
import urllib2
import urlparse
market_depth_url = "http://mtgox.com/code/data/getDepth.php"
ticker_data_url = "http://mtgox.com/code/data/ticker.php"
recent_trades_url = "http://mtgox.com/code/data/getTrades.php"
current_balance_url = "https://mtgox.com/code/getFunds.php?name=blah&pass=blah"
buy_order_url = "https://mtgox.com/code/buyBTC.php?name=blah&pass=blah&amount=number&price=number"
sell_order_url = "https://mtgox.com/code/sellBTC.php?name=blah&pass=blah&amount=number&price=number"
open_order_url = "https://mtgox.com/code/getOrders.php?name=blah&pass=blah"
cancel_order_url = "https://mtgox.com/code/cancelOrder.php?name=blah&pass=blah&oid=number&type=number"
send_btc_url = "https://mtgox.com/code/withdraw.php?name=blah&pass=blah&group1=BTC&btca=bitcoin_address_to_send_to&amount=number"
checkout_url = "https://mtgox.com/merch/checkout"
verify_transaction_url = "https://mtgox.com/code/gateway/checkTxn.php"
def getBitcoinSellValue(quantity):
data = simplejson.load(urllib2.urlopen(market_depth_url))
data['bids'].sort(reverse=True)
market_USD_value = 0
total_bitcoins = 0
for i in data['bids']:
market_USD_value = market_USD_value + ((i[0]) * (i[1]))
total_bitcoins = total_bitcoins + (i[1])
if total_bitcoins >= quantity:
bitcoin_value = market_USD_value / total_bitcoins
return bitcoin_value
def getBitcoinBuyValue(quantity):
data = simplejson.load(urllib2.urlopen(market_depth_url))
data['asks'].sort()
market_USD_value = 0
total_bitcoins = 0
for i in data['asks']:
market_USD_value = market_USD_value + ((i[0]) * (i[1]))
total_bitcoins = total_bitcoins + (i[1])
if total_bitcoins >= quantity:
bitcoin_value = market_USD_value / total_bitcoins
return bitcoin_value
def createSellOrder(username, password, amount, price):
format_url = urlparse.urlparse(sell_order_url)
new_url = format_url.scheme + ":" + "//" + format_url.netloc + format_url.path
query = urlparse.parse_qs(format_url.query)
query['price'] = price
query['amount'] = amount
query['name'] = username
query['pass'] = password
f = urllib.urlopen(new_url, urllib.urlencode(query))
return f.read()
def createBuyOrder(username, password, amount, price):
format_url = urlparse.urlparse(buy_order_url)
new_url = format_url.scheme + ":" + "//" + format_url.netloc + format_url.path
query = urlparse.parse_qs(format_url.query)
query['price'] = price
query['amount'] = amount
query['name'] = username
query['pass'] = password
f = urllib.urlopen(new_url, urllib.urlencode(query))
return f.read()
def getBalance(username, password):
format_url = urlparse.urlparse(current_balance_url)
new_url = format_url.scheme + ":" + "//" + format_url.netloc + format_url.path
query = urlparse.parse_qs(format_url.query)
query['name'] = username
query['pass'] = password
f = urllib.urlopen(new_url, urllib.urlencode(query))
return f.read()
def getOpenOrders(username, password):
format_url = urlparse.urlparse(open_order_url)
new_url = format_url.scheme + ":" + "//" + format_url.netloc + format_url.path
query = urlparse.parse_qs(format_url.query)
query['name'] = username
query['pass'] = password
f = urllib.urlopen(new_url, urllib.urlencode(query))
return f.read()
def cancelOrder(username, password, orderid, type):
format_url = urlparse.urlparse(cancel_order_url)
new_url = format_url.scheme + ":" + "//" + format_url.netloc + format_url.path
query = urlparse.parse_qs(format_url.query)
query['oid'] = orderid
query['type'] = type
query['name'] = username
query['pass'] = password
f = urllib.urlopen(new_url, urllib.urlencode(query))
return f.read()
def sendBTC(username, password, destination, amount):
format_url = urlparse.urlparse(send_btc_url)
new_url = format_url.scheme + ":" + "//" + format_url.netloc + format_url.path
query = urlparse.parse_qs(format_url.query)
query['btca'] = destination
query['amount'] = amount
query['name'] = username
query['pass'] = password
query['group1'] = 'BTC'
f = urllib.urlopen(new_url, urllib.urlencode(query))
return f.read()
def checkout(notify_url, username, currency_code, amount, item_name, custom, return_url):
format_url = urlparse.urlparse(checkout_url)
new_url = format_url.scheme + ":" + "//" + format_url.netloc + format_url.path
query = urlparse.parse_qs(format_url.query)
query['notify_url'] = notify_url
query['business'] = username
query['currency_code'] = currency_code
query['amount'] = amount
query['item_name'] = item_name
query['custom'] = custom
query['return'] = return_url
f = urllib.urlopen(new_url, urllib.urlencode(query))
return f.read()
def receiveTransaction(txn_id, payer_username, currency_code, amount, custom):
{
}
def verifyTransaction(txn_id, merchID, amount):
format_url = urlparse.urlparse(verify_transaction_url)
new_url = format_url.scheme + ":" + "//" + format_url.netloc + format_url.path
query = urlparse.parse_qs(format_url.query)
query['txn_id'] = txn_id
query['amount'] = amount
query['merchID'] = merchID
f = urllib.urlopen(new_url, urllib.urlencode(query))
return f.read()
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Does anyone have any further info? Seems strange that they will 'not be returning'.
The site was too hard to manage. I asked biddingpond if he would like to would like to merge my site with his so it would be easier to manage, but he said the biddingpond staff didn't want to. So after being hacked, I just decided to close the site. We can confirm this. We also extended an offer to work on a federated auction API protocol extension to BCSpec. |
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We'll I have a lot of trust in the Bitcoin community, and I've never been ripped off! Its just a community of smart and honestly people, stupid people "thieves, ect" are not intelligent enough to understand the value of a Bitcoin anyway.
Emphasis is ours. We felt the same way. The core Bitcoin community is very honest, others, not so honest. Do be careful of scammers. They can very quickly ruin your Bitcoin experience. |
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As some of you might have noticed due to no inventory being available. We will be temporarily suspending service as we move to a custom payment system. Unfortunately use of community available payment processors(Mybitcoin,MtGox) is causing service disruptions and have been deemed unreliable. This transition should be completed by Monday, June 27,2011. We apologize for any inconvenience this may cause. With the relaunch in addition to credit cards we will be offering a new product! Silver Coins! If you need a card urgently we may be able to assist you by contacting our email at contact@bitcoincashout.com. Please include the card denomination ($25,$50,$100) and we will respond with a quote. |
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I would be very interested in a BTC credit union - especially if it was philosophically aligned with the community/collective aspects of credit unions. I think it would have to be started by people who have experience in both the financial and credit union industry though, at I'm guessing that $70k for annual expenses is quite on the low side.
The belief of the community/collective aspect of credit unions was the reason we chose this type of institution to pursue instead of a bank. The $70k mark is a recommendation of start up costs from NCUA (National Credit Union Administration). We feel we can get that even lower if we stay with the community/collective approach with volunteers and the CEO being the only paid employee(at start) with everyone being volunteers (including the directors who vote in the management positions). We are not out to make money on this venture and truly believe it is in the best interest of the Bitcoin community. By strengthening the community we all benefit. Bitcoin businesses gain a stable,trustworthy, economic partner, Bitcoin owners gain through increased Bitcoin value, and public adoption increases due to perceived legitimacy of business through government chartering. There are also many other benefits and to enumerate them all would be very time extensive. A wiki will be set up in the near future for collaboration. |
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I'm a professional credit union historian, so if you're serious about doing this, we should skype in the near future. I would very much like to see a bitcoin credit union, but there are a fair number of subtle dynamics that you should be aware of...
We would be very interested in this. Please contact us and we can set up a time. |
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BiddingPond.com suffers multiple attacks daily and has seen at least a tenfold increase in attacks in the recent days.
What we do to make sure it isn't a complete catastrophe in case of a data breach(all data breaches are catastrophes) is the following:
1)User passwords are hashed and have individual salts.
2)Large quantities of Bitcoin funds are not held on the server. Funds are kept in an outside wallet split between multiple systems until forwarded by support staff to the proper recipient.
3)We are in the process of implementing a system where all e-mails from us will be PGP clear signed.
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What is the minimum you would accept for an investment? And would you accept bitcoins as the initial investment?
At this time any amount would be considered as interest is being gauged. We are currently seeing what type of funding options we have that is acceptable legally for operation costs. We do know that loans and grants would be allowed on the credit unions end for funding but, we will entertain more options if NCUA will allow it. Also, bitcoins would gladly be accepted. We would also like to add that we see this as a necessary step for the legitimacy of Bitcoins among the general non-tech savvy populace. As stated earlier this would be a 501(c) company after IRS approval and would be a member run organization. Being a federally charted financial institution would also allow for some amazing things that would not be possible for an ordinary company. Let us imagine: Credit cards that hold a BTC balance and can be used for multi-currency transactions at a POS. Ability to withdraw funds from an ATM from your savings/checking account in BTC/USD/EUR/etc. Federally insured Deposits. Merchant processing from a trusted audited source Ability to get a mortgage/car loan in Bitcoins/other currency. Account auditing from a trusted third party. Other Ideas that I'm sure this great community can think of! Now lets make that a reality! |
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Will the nature of the credit union be as transparent as Bitcoin? Will your documents and records be available for the public to review?
I'm VERY interested in seeing the developments on this, it seems you've done your homework, at the very least.
Yes, we will allow publicly accessible records and would also apply for 501(c) status from the IRS. We are doing this to strengthen the Bitcoin economy and provide convenient digital options. Our accounts will also be audited as is required by NCUA and other federal laws and have deposit insurance of $250,000. |
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RESERVED FOR MORE INFORMATION
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Pre-Charter Costs:  Post-Charter Costs:  |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Hello, BiddingPond is looking for potential investors to open a Bitcoin credit union. At the beginning stages we will be operating as a Basic Service credit union. A basic service credit union generally offers basic products, such as regular share accounts and small consumer loans. Regular share accounts include savings, vacation clubs, holiday clubs, etc. The small consumer loans include personal (signature), new and used automobile, home improvement, educational, and debt consolidation type loans. We will also be offering other services as we mature to the Bitcoin community and eventually apply to become a full service credit union. Currently the estimated costs to start up according to NCUA (National Credit Union Administration) would be: $127,000 USD. We would like 150% of that amount to allow for a larger operational buffer. This credit union would be federally chartered in the United States and follow all applicable rules and regulations. If you are interested in more information as this progresses and would like to join the organization committee please send an e-mail to. bitcoincreditunion@semyazza.comMore information will be posted here as it becomes available. Online meetings will also be held with potential investors in the near future, Regards, BiddingPond.com Team -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (GNU/Linux) iJwEAQECAAYFAk3/lmsACgkQlinDwEk8Xn7aQwP8D+siqnc4gZkrHTbqim9O5lun 5teOLRu1P8x9NwWj9Fe6B0/wWoEiH+cSziDy7TNFPFW3gzSvR1PS0XJsKu5PEOVA FPshefWVqFzqmRfMjtCJktUqiUMlXXnNYj0u48EkxFWvY5hOvCMLxzkUlBF7YAae cuGwxE+EOMWSK0D7eOc= =lC8r -----END PGP SIGNATURE----- |
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I have received my new password, but I can't seem to change it to something else. When I try, I don't get an error, but the new password I tried to set it to doesn't work, and I can still log in with the password in the reset email.
Please try the reset feature again. If it still does not work contact us at contact@biddingpond.com and will will investigate further. |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Due to the large volume of accounts that were compromised on MtGox(We are not affiliated) out of concern for our users all users must reset their passwords to login to their accounts. Additionally, Bitcoin forwarding addresses for payment have been reset and must be updated. Passwords may be reset at: https://www.biddingpond.com/forgotpasswd.phpWe apologize for the inconvenience this security measure causes. If you have any trouble please feel free to contact us: contact@biddingpond.com. PLEASE NOTE: BiddingPond has a valid security certificate on our site and uses SSL. If you are accessing our site from a public network please verify the site is issuing the proper certificate. This is good practice when accessing any site on the internet from a public location. Serial Number: 38:32:25:35:26:F8:45:11:8D:6E:94:84:B2:4A:09:06 SHA-256 Fingerprint:02 43 3E 0A 81 63 EC 8B 57 8A 8E EE D2 FC 30 75 5C 2C 8D CC E8 F2 FB 1B 66 3A 0A A8 0B BE 68 D2 SHA-1 Fingerprint:95 27 DD 45 65 5C 21 54 41 F1 A1 EC E4 D2 E8 09 72 44 09 65 -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (GNU/Linux) iJwEAQECAAYFAk3/RpoACgkQlinDwEk8Xn7zTQP/URiBKAN+odtclgkyBR/yt0ZC Xh6ueIn6+0jBVGbGKcho/MRG/rkDqhV5pwx6+Buz0gIDvrKffHH9hbf7TPosuNyw 1yQUGGY6lE/W5jAlTrcWHpEOiOcOSk3Hf1FRzOGkZf2TbzxWCpiLidY9HEnPECzl TR/Y+qjEfNmAEKgQCQ0= =5jhd -----END PGP SIGNATURE----- |
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