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1  Economy / Web Wallets / An Open Letter to Kris Henriksen of on: January 19, 2016, 09:54:40 PM

As someone who used to be associated with BIPS and whose reputation has taken a hit as a result of the website's hack, I ask for transparency on behalf of the public and myself. You have provided the public no concrete details about what was exploited nor how access was gained. ~1300 BTC of user funds were taken and not repaid to this day: A tragedy which is hard to stomach given the once sterling reputation of the business. When I left BIPS in the summer of 2013 there were no known security issues and a sizable profit sitting in the wallet. Having handled customer support, I did not see a single security flaw reported up until my departure.

Until you provide technical proof of the hack beyond the address which Bitcoins were sent to I have very serious concerns about what happened. Anyone could have discovered this address using the block chain and I refuse to believe you have no more details than that. Providing the full technical details of this hack to the public may help in apprehending the suspect and give hope to those who have lost coins. As far as I can tell BIPS is long gone and not coming back - there is nothing to lose by releasing information about the hack.

The stolen coins were on the move last summer until the public took note; so whoever took them still has access and in theory could return them. If the hacker has a heart, they will give the Bitcoins back to someone who can give them back to the users. I want nothing to do with the process but I propose BitPay, BitStamp or some other reputable member of the community provide an address which funds can be sent to. My relationship with BIPS officially ended July 2013 and I want nothing to do with it after how things ended.

To the hacker: You will never be able to spend those coins, so why don't you just return them? Any attempts to spend them will result in your identity being revealed and you being caught.

Kris: You owe it to the public to provide every technical detail to the public including the server logs. The missing ~1300 BTC is almost $1 million Canadian today and silence on the issue is unacceptable. The public needs to know I am not okay with this and you should not be either.

Adam Harding
2  Economy / Auctions / and for sale on: April 14, 2014, 05:00:49 AM
I am auctioning off the following domains on GoDaddy:


The second domain comes with full rights to vectors of the logos below

Electricity costs have made asic hosting an unattractive option in Canada or I would have launched these sites already.

Auction listings
3  Economy / Goods / Toronto Maple Leafs Playoff Tickets - Game 6 - NEW PRICE on: May 11, 2013, 05:29:33 PM
I am selling game 6 playoff tickets for Toronto Maple Leafs vs Boston Bruins tomorrow night at the ACC. I have hard tickets and will meet in a public place somewhere in the for exchange. I will update the thread when either become unavailable.

Section 115
Row 10
Seat 9
8 6.5 bitcoins

Section 319
Row 18
Seats 27 and 28
6.5 5.5 bitcoins for both
4  Bitcoin / Bitcoin Discussion / Is Bitcoin a Currency or Commodity? on: May 03, 2013, 02:26:04 AM
I have seen this question pop up a lot lately and thought it would be interesting to run a poll to see what the public opinion is. I have stated publicly in my interview with Cliff Kule at that I believe it is not a currency but a commodity with money like properties (similar to gold).

Please give your answers and explain your reasoning.
5  Economy / Service Discussion / [How-to Guide] BIPS QR Scanner for iOS on: April 20, 2013, 05:12:14 PM
This simple visual step by step guide will show you how to send Bitcoins using BIPS on any iOS enabled device. BIPS is designed to work with every iOS browser and does not require any custom software to operate on your mobile device. While no special software is required we have created a simple code to enable seamless integration with your browser. This code is custom for each user and can be found when logged into your account at

Step 1 Find a QR Code to Scan (BIPS free merchant checkout featured)

Step 2 Press 'Send Bitcoin' if you have added our Send Bitcoin code to your favorites bar

Step 3 Press camera icon and select 'Take a Photo or Video'

Step 4 Scan QR code in app

Step 5 -  Press the 'Send Bitcoin' button in Step 3

*Similar functionality is available using Opera and Firefox on Android devices. BIPS is designed to work with any device.

6  Bitcoin / Bitcoin Discussion / Interview With BIPS Co-Founder and Director of Marketing Adam Harding on: April 20, 2013, 01:05:41 AM
Recently I performed a phone interview with gold blogging website Cliff Kule.

Direct link to audio file -

Support us on Reddit -
7  Bitcoin / Press / 2013-04-15 - Here you can use Bitcoins on: April 15, 2013, 04:25:45 PM
8  Economy / Service Announcements / [ANN] BIPS Introduces The End of Merchant Processing Fees ($100=$100) on: April 08, 2013, 05:17:13 PM
Today BIPS is celebrating one month since it's launch with free Bitcoin processing. BIPS has decided to mark this milestone by going one step further and eliminating all Bitcoin to local currency charges for merchants. This means if you are asking for $100 and have an approved bank profile, your account will be credited with $100. Not only is this offer valid for dollars, but all 45 of the currency options now available at BIPS.

With our new 0%/0% processing fees there is no longer a need to mark up your products to account for payment costs. Credit card companies can charge upwards of 5% and are subject to fraud risk. Because BIPS is built upon Bitcoin technology, we can offer 0% processing and there is no fraud risk. Bitcoin is changing the payment world and BIPS provides cutting edge solutions. To sign up today and for more information please see
9  Economy / Goods / Avalon Batch 2 Pre-Order #666 - [Now on BitMit] (reduced price) on: March 23, 2013, 03:36:30 PM
Let me start by saying that selling my pre-order is not something I really want to do. I bought it not just to mine Bitcoins but also to own a piece of history in the making. Then I saw a single batch 2 Avalon sold for for $20,600 USD on Ebay from a seller with zero feedback. You can see it for yourself - This made me realize that I COULD be persuaded for the right price.

The EBay user had zero feedback which means they are essentially anonymous, something I clearly am not. Like Avalon I believe trust counts for something and Batch 3 is now 88 BTC (3x price increase over Batch 2). You can see a screenshot of my Avalon order below and that it is indeed Order #666. If you want to buy my Avalon 666 pre-order I have decided I will sell it for 666 Bitcoins. While this is a lot, I don't mind keeping it for myself.

You can buy the pre-order through my new BitMit auction
10  Economy / Service Announcements / Free Merchant Solutions and Mobile eWallet - 45 Supported Currencies on: March 08, 2013, 12:53:56 PM
Bitcoin Internet Payment System (BIPS), the free Bitcoin service, has just launched. BIPS unleashes the full power of Bitcoin - making merchant processing fees a thing of the past and giving traditional payment processors a run for their money.  Created for merchants and end users alike, the Bitcoin world will never be the same. Based out of Denmark, BIPS is brought to you by the same team as WalletBit - a name you can trust. Visit and get started today.

Users have the option of signing up using an existing Facebook, Twitter or Google account. This means you won't have to remember another password unless you want to. For those of you who like to do things the old fashioned way, we have a traditional sign up method.

Our free eWallet service is the most secure in existence today. When you sign up for a BIPS account your password is stored as a heavily salted SHA-512 hash. This means your BIPS password is more secure than most banking sites. BIPS also enables you to add up to three factors of authentication to prevent unauthorized access to your account. This includes Secure Card technology pioneered by WalletBit and Google Authenticator.

BIPS is the first major Bitcoin gateway to offer merchant tools completely for free. As long as you keep your balance as Bitcoins then you pay zero processing fees. You only have to pay if you want to cash out to your local currency.

BIPS gives you the option to automatically convert some of or all the Bitcoins coming into your account to your local currency. Any automatic conversion to local currency at the time of purchase is guaranteed at the rate it was processed for. This means you can accept Bitcoins without worrying about exchange rates.

Transfers between BIPS accounts are instant and free. The only thing you will ever be asked to pay for are our premium services such as buying, selling and cold storage. BIPS offers the most affordable Bitcoin selling rates ever offered globally. With 42 different local currency options ( BIPS offers the most cash out options anywhere. This includes daily domestic transfers to both Canada and Denmark.

BIPS combines years of Bitcoin processing experience to create the ultimate Bitcoin website. Best of all BIPS is free. Simply put, BIPS is the last Bitcoin website you will ever need.

Free Bitcoin Services

eWallet services (only pay network fees!)
- Receive Bitcoin
- Send Bitcoin
- Transfer between BIPS accounts
- Import wallet.dat

Bitcoin Merchant Tools
- Instant Payment Notifications (IPN)
- Shopping Cart Plug-ins (coming soon)
- Mobile Checkout

Premium Bitcoin Services
- Sell Bitcoin
- Buy Bitcoin
- MTGox Instant Ask (0.89%)
- SMS Bitcoin (0.89%)
- Cold Storage (0.89%/0.89%)
11  Economy / Service Announcements / [ANN] WalletBit Introduces it's WooCommerce Plugin on: February 15, 2013, 06:09:46 PM
WalletBit has just created the most advanced Bitcoin payment plugin to date with WooCommerce. Built from the ground up for eCommerce, WooCommerce is a superior choice for high demand shopping environments. This is why we have decided not just to upgrade our servers but introduce this new payment plugin in time for the next Avalon ASIC sale. The previous sale was the single Bitcoin shopping rush to date and with WooCommerce we are ready for that rush again.

From the good people at WooCommerce:

"Transform your WordPress website into a thorough-bred online eCommerce store. Delivering enterprise-level quality and features whilst backed by a name you can trust. Say hello to the WooCommerce eCommerce plugin.

WooCommerce is built by the experienced folk at WooThemes who also offer premium eCommerce themes and extensions to further enhance your shopfront"

WalletBit is the most affordable way to accept Bitcoins worldwide. Pay only 0.89% to accept Bitcoins and receive deposits to your bank account for as low as +1.86% (2.75% total). No other payment provider offers as many currency options. With 42 currencies and over 50 supported countries you can accept Bitcoins anywhere. Providing safe, secure and reliable Bitcoin transactions since July 2011, WalletBit is a name you can trust.

To accept Bitcoin through WooCommerce download our plugin at
12  Bitcoin / Hardware / [ANN] Avalon ASIC Batch #2 Sales Update (Last Updated 2013-02-12 17:56 EST) on: February 02, 2013, 05:16:12 PM
As many of you are aware there were some issues with the Avalon sale earlier today. As a result, many orders were processed at unrealistic rates. Only a very small number of orders were actually processed at the correct price. This has prompted us to make the following decision:

All orders for incorrect amounts will be fully refunded.

WalletBit will return these funds to the Bitcoin addresses they were sent from. These units will be restored to the sales queue. At a time of Avalon's choosing they will re-open sales for these remaining units. All orders processed at the correct exchange rate will still be honored.

We apologize for any inconvenience this has caused.

[Update 2013-02-03 3:03 EST]

All orders which have paid the full and proper amount for each Avalon unit will be honored. This means if your order said 0.05BTC and you later paid the correct amount (~75BTC) that your order will be fulfilled. Please create a support ticket with Avalon to confirm your order details with them personally. The remaining Avalon units will be going on sale tomorrow.

[Update 2013-02-04 00:28 EST]

All orders which were partially paid for in amounts such as 0.05BTC are being given an opportunity to finish paying for their orders instead of being refunded. If you were expecting a refund and haven't already done so please create a ticket with WalletBit or Avalon's support desks for details on how to finish paying for your order. If you did not pay any amount for your order then a placeholder has not been made and you will get a chance to make your order again when the next round begins. This is non-negotiable. For those who have still not managed to secure a unit there will still be many available in the next round of orders.

[Update 2013-02-12 17:56 EST]

All partially paid orders from 2012-02-02 have a deadline of 2013-02-13 17:00 EST to complete payment.All orders which have not been paid in full will be refunded to the sending address unless otherwise instructed. Payment instructions can be obtained and return addresses can be given to WalletBit support at
13  Economy / Service Announcements / WalletBit Expands its Bank Deposit Option to 42 Currencies on: January 30, 2013, 01:32:09 PM
WalletBit now offers 42 currency options, enabling bank deposits in over 50 countries. This means the advantages of Bitcoin can be enjoyed by more than half the world's population. Many countries added in this latest expansion have never been able to sell their Bitcoins for local currency until now.

Conversion rates are locked in at the time of purchase or Bitcoin deposit. This means that you never have to worry about the Bitcoin exchange rate or where you are going to sell your Bitcoins. The process is entirely automated and you will receive weekly bank deposits in your local selected currency.

The currencies now supported by WalletBit are:

 Australian Dollars  (AUD),  Bahrain Dinar  (BHD),  Bulgarian lev  (BGN),  Canadian Dollars  (CAD),  Danish Krone  (DKK),  Pounds Sterling  (GBP),  Euro  (EUR),  United Arab Emirate  (AED),  Hong Kong dollars  (HKD),  Indian rupees  (INR),  Icelandic krona  (ISK),  Israeli Shekel  (ILS),  Japanese Yen  (JPY),  Jordanian dinars  (JOD),  Kenyan Shilling  (KES),  Croatian kuna  (HRK),  Kuwait Amazing dinars  (KWD),  Latvian lats  (LVL),  Lithuanian litas  (LTL),  Morocco Dirhams  (MAD),  Mexican peso  (MXN),  New Zealand U.S. dollars  (NZD),  Norwegian Krone (NOK),  Pakistani rupees  (PKR),  Philippinske pesos  (PHP),  Polish zloty  (PLN),  Romanian leu (new)  (RON),  Russian ruble  (RUB),  Saudi rials  (SAR),  Swiss francs  (CHF),  Singapore dollars  (SGD),  Sri Lankan rupees  (LKR),  Swedish Krona  (SEK),  South African Rand  (ZAR),  South Korean won  (KRW),  Taiwan Dollars  (TWD),  Thai baht  (THB),  Czech koruna  (CZK),  Tunisian dinars  (TND),  Turkish lira (new)  (TRY),  Hungarian forints  (HUF),  U.S. dollars  (USD)

WalletBit is the most affordable way to accept Bitcoins worldwide. All of our currency conversion options are just 1.86%. When you add our standard Bitcoin processing rate of 0.89% you pay a total of 2.75%. All accounts include the ability to use our business tools. This includes but is not limited to Mobile Checkout, shopping cart plug-ins and our point of sale system. For more information please see

14  Economy / Service Announcements / WalletBit Opens Business to Mexico on: January 16, 2013, 01:43:23 PM
WalletBit is now offering its great bank transfer rate to customers from Mexico. For as low as 2.75% you can receive deposits to your bank account in Mexico. This same great rate is available everywhere, making WalletBit the most affordable way to accept Bitcoins worldwide.

In the last six weeks WalletBit has gone from only offering Bitcoin and MTGox instant ask withdrawals to offering bank transfers to Europe, Denmark, Canada, USA, UK and now Mexico. Not only this but at the world's most competitive rate. Never before has it been so easy or affordable to accept Bitcoins anywhere.

Bank transfers aren't just for businesses either. All users have the ability to convert their bitcoins into local currency. Bank transfers are initiated on Mondays and a minimum fee applies for each transfer. Every user has the ability to set their own minimum transfer level giving everyone the ability to manage their own fees. For complete details please see

If your country isn't listed on our pricing page you can check if you are eligible for bank transfers by completing your WalletBit bank profile. If your profile is approved then you are eligible. All deposits and sales will be converted to local currency. The minimum transfer fee is usually $15 or whatever the local currency equivalent is. As always, if you want to keep your Bitcoins you still have the option to keep your Bitcoins for our low flat rate of 0.89%.

WalletBit - A Bitcoin Way to Pay
15  Economy / Services / ibVPN - Anonymous VPN Service + DNS Workaround (Netflix) on: January 16, 2013, 05:28:00 AM
If you are thinking about buying a VPN server then look no further. ibVPN offers the best VPN rates I have seen anywhere. They have many servers and platforms to chose from with prices as low as $3.08/month for 12 months. There are several packages to chose from depending on your needs and all packages inlcude their new ibDNS service.

ibDNS works just like tunlr set your DNS to trick Netflix, Hulu, pandora, etc into thinking you are  in the US. Any similar DNS services I have seen are about $4/month for the DNS service only. With ibVPN you get the DNS service and a VPN for less than that.

ibVPN claims they are an anonymous service who keep no logs. This is not something I can speak to but I think that's something most VPN users look for. I don't normally post threads for businesses I'm not directly involved with but this is the most affordable VPN service I've ever seen and they accept Bitcoin for payment.  I must also admit a slight bias since they use WalletBit to process their Bitcoin payments.

16  Bitcoin / Bitcoin Discussion / BitcoinCAPTCHA - Free Bitcoin CAPtCHA Tool on: December 23, 2012, 05:13:33 PM
WalletBit is pleased to give the Bitcoin community BitcoinCAPTCHA. This is a new method of ensuring users filling out forms are real people using Bitcoin. There is no charge for using the service and the BitcoinCAPTCHA can be fully customized.

BitcoinCAPTCHA replaces the standard CAPTCHA with a QR code where any amount of Bitcoins must be sent. It is also URI wallet compatible, providing effortless payments from someone logged into a URI wallet service. Simple instructions on how to use BitcoinCAPTCHA are included, along with source code and a template for your own custom CSS.

17  Bitcoin / Project Development / WalletBit Launches New Support Platform on: December 21, 2012, 04:09:44 AM
In order to keep up with the demands of our rapidly expanding user base, WalletBit has launched a new support system for our eWallet and Merchant Solutions services. This easy to use interface will help to make sure we can answer all your questions in a timely manner.

This new system includes a knowledgebase so you can find answers to many of your questions before having to submit a ticket. If there are any questions you would like to see added to our knowledgebase please leave a comment and we will add them as soon as possible.

18  Bitcoin / Bitcoin Discussion / Bitcoin as Gelt on: December 14, 2012, 07:00:10 AM
Seeing as its Hanukkah for the Jewish community right now I think it is an excellent opportunity to give Bitcoin as gelt. For those of you unfamiliar with the the term, gelt is a gift of money often given to children at Hanukkah. While often this is just chocolate coins in foil, some parents do give real money. It teaches children the responsibility of money and many choose to donate it or give it to a cause of their choice.

This Hanukkah, WalletBit encourages you to give Bitcoin to your children for gelt. If you are not Jewish than consider the value behind such an act and consider giving your children Bitcoin for Christmas or whatever holiday you celebrate.

Happy Hanukkah/Christmas/holidays to everyone!
19  Economy / Scam Accusations / Vladimir on: December 08, 2012, 08:56:01 PM
Now that Vladimir's actions at Bitcoin Magazine have become public, I think it is time to do the right thing and give him a scammer tag. I will let the following thread speak for itself.
20  Bitcoin / Bitcoin Discussion / WalletBit Merchant Bank Transfers, Starting as Low as 2.75% on: December 03, 2012, 05:58:29 PM
After much anticipation, WalletBit is now offering bank deposits for merchant accounts starting as low as 2.75%*. Whether you require Euro, DKK, CAD or USD, WalletBit is able to deposit local currency into your bank account. Funds are sent via domestic, international or SEPA wire transfers from our Danish bank account.

We transfer local currency to your bank account every Monday as long as your balance is above the minimum. You have the ability to set your own minimum transfer level up to $/100 and any balance not transferred will be carried forward to the next week.

It's easy to get started:

1. Sign up for a WalletBit merchant account
2. Enter your bank profile information into our secure database
3. Accept Bitcoins at your business through our Mobile Checkout, POS (Coming soon), PHP buttons, or one of our many shopping cart plugins (link)
4. Receive DKK, Euro, CAD or USD in your bank account.

In addition we have lowered our Ewallet USD price to a flat 1.78% (0.89% + 0.89%). This means you can automatically convert your mining profits or any other any other Bitcoins you receive instantly to MTGox USD for just 1.78%. For more details on how to enable MTGox instant ask on your WalletBit account please see

Keep up to date with the latest WalletBit news and be the first to learn about our upcoming promotions/features. Follow us on Twitter, Facebook or read our new blog at


Q: How do you keep my banking information safe?
A: At WalletBit we are ACID compliant and PCI-DSS ready. We encrypt your data using AES-256 encrytption. In addition we offer 2 factor authentication via Google Authenticator and our proprietary SecureCard technology adds yet another layer of protection.

Q: When will my money be transferred to my bank account.
A: Bank transfers are processed on Mondays and usually arrive within 24 hours.

Q: Are you providing an exchange service?
A: No, we do not operate an exchange. We sell any Bitcoins we receive instantly at market rates to fulfill your order.

Q: What fees are there for using the service?
A: We charge no monthly fees but there is a 0.89% fee for accepting Bitcoins-only and fees starting from 2.75% for automatically converting them to DKK, Euro, CAD or USD. Please see our complete pricing guide at

Q: Can I receive wire transfers outside of Europe.
A: Yes. Please see our pricing guide for more information.

Q: Is there a minimum amount for transfers?
A: There are no minimums for DKK, however there are minimums for Euro, CAD and USD. Please see our pricing guide for more information.

Q: How soon will I receive my funds.
A: Most transactions should be completed within 24 hours of the bank transfer taking place. You can view your transaction history at

Q: Can I use the bank wire option in conjunction with your Mobile Checkout?
A: Yes. Bank wires will work with all of our merchant services including checkout buttons and our Mobile Checkout.
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